General
Benedict Peters Denies Funding Political Movement
By Modupe Gbadeyanka
Business mogul, Mr Benedict Peters, has refuted claims that he is the main financial of a new political movement in Nigeria called the Third Force.
The oil magnate, in a statement issued last weekend, distanced himself from the speculations, emphasising that he is not a “financier of the said organisation or any socio-political partisan association or political party in Nigeria or anywhere else in the world.”
According to him, he has received calls and messages advising him to “ignore” the tweet and regard the reports as the “handiwork of detractors,” but having taken into consideration his travails in recent times, fuelled largely by the adverse effects of incomprehensible media falsehood, he was forced to “immediately authorize the release of a rebuttal, given the malicious, damaging effect the unprofessional tweet is capable of creating.”
In the statement personally signed by him, Mr Peters said, “As an International businessman of repute, I have deliberately kept stayed away from politics preferring, instead, to focus and give my all to the development of my business interests across the African continent.
“Corporate Social Responsibility contributions has seen the Aiteo Group, which I lead, provide investment support in Medicine and Medical Research dedicated to seeking cures for several ailments which affect the African continent as well as investment in Sport and Sport as a panacea for the development of Africa’s teeming youth population.
“The latter has been particularly evident in the Sport of football where we have major relationships with the Nigerian Football Federation and Confederation of African Football (CAF). This is even as we continue to regularly provide financial support and investments to encourage building the ‘Nigerian Dream’ through multi-dimensional and multifaceted socio economic interventions.
“Neither I, my immediate family nor companies in which I have interests would embark on the sponsorship of a movement which is unknown to us. This would be crass, irresponsible and inconsistent with the commercial prudence that a businessman of my accomplishment would consider. To, therefore, name me as a financier of such a venture is not only vile and callous, it is insensitive and inconsiderate.
“It is a sad reminder of the length that some people, manipulating the malleable, depraved and downright dishonest elements of the media, can go (for reasons best known to them) in their despicable and contemptible attempts to continue to pitch me against the government of the day in Nigeria!
“Apart from seeking to impugn my integrity as the publication has done, the authors appear to premise the absurdity of their fabrication on my very well publicized relationship with former President Chief Olusegun Obasanjo.
“I confirm that I know the former President very well. He is like a father to me. He was a friend of my father, the late Chief F.B Peters and has a relationship with my family that dates back over 30 years.
“In the publishers’ indecent haste to malign the former president and I, amongst others, they demonstrated a shameful shallowness that paid no heed to the very personal nature of our relationship.
“For the avoidance of any doubt whatsoever, I also confirm, categorically, that the former President has, on no occasion, discussed or mentioned any such plan or intention to me. This situation very pointedly affirms the irrationality and farcicality of the allegations as a whole.
“As unconvincing and implausible as these allegations are, I am constrained to take steps to address these unbridled excesses as a means of protecting my family, my business and I from these unwarranted personal attacks.
“Accordingly, I have instructed my lawyers to immediately take steps to obtain a retraction, in the absence of which they are to take all steps available to provide me with protection, remedy and relief.
“I ask the general public and well-meaning Nigerians at home and abroad, to disregard the tweet and its contents. It is nothing but FAKE NEWS.
“Finally, my message to the COWARDS who have, again, sought to use cheap, fabricated publicity and dirty media propaganda to cause me embarrassment, is that no assemblage of hatchet jobs/men or media manipulation can shake my unwavering stand and belief in the fortunes of the Nigerian economy and the success of the ‘Nigerian Project’.
“Aiteo as a business endeavour has come to stay and will grow bigger in the years to come.”
By Modupe Gbadeyanka
State governments have been advised to ban the use of wooden boats for commercial water transportation to reduce waterway accidents.
This call was made by the federal government through the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.
The Minister argued that wooden boats are unstable and are highly prone to capsizing because they deteriorate quickly, unlike fibre and aluminium vessels which are more durable and safer.
His call followed incessant boat accidents in some parts of the country.
He charged the sub-nationals to adopt safer fibre-reinforced plastic and aluminium vessels to tackle the recurring and avoidable waterway accidents.
Mr Oyetola urged strict adherence to water safety regulations, warning against night travel, overloading, and the use of rickety vessels, while stressing the importance of wearing life jackets.
He disclosed that 35,000 life jackets were distributed to riverine states in 2025 and called for stronger collaboration with state governments to improve safety, noting that water transport remains critical to Nigeria’s blue economy.
By Adedapo Adesanya
Nigeria recorded 57 recorded cases of electricity-related mishaps, according to the latest electricity sector data released by the Nigerian Electricity Regulatory Commission (NERC).
The data, which covers the third quarter of 2025 (Q3 2025), spotlighted how 33 people lost their lives and another 33 sustained various degrees of injuries in power-related accidents across the country.
According to the Q3 2025 report, a total of 57 power-related accidents were reported across the country during the period under review.
The accidents were spread across several distribution zones, with Ikeja and Kano electricity distribution areas recording the highest number of incidents during the quarter.
Both zones reported 10 accidents each. Ikeja also recorded six injuries and four deaths, while Kano posted six deaths and four injuries.
While Abuja, Jos, Aba, Port Harcourt, Enugu, and Yola recorded varying but still troubling levels of incidents, Eko, Kaduna, and the Transmission Company of Nigeria (TCN) also featured prominently. In many of these cases, accidents resulted in either severe injuries or fatalities, or both.
Unsafe acts and hazardous conditions accounted for the highest number of injuries and tied for the highest number of fatalities, while wire snaps emerged as one of the deadliest hazards, accounting for 10 fatalities and seven injuries during the quarter.
The report noted that 10 deaths and 18 injuries were attributed to unsafe practices or conditions, pointing to a mix of human error, poor safety culture, and inadequate enforcement of operational standards by licensees.
Illegal or unauthorised access to electricity installations also contributed to the casualty figures, leading to two fatalities and three injuries during the period under review.
Vandalism, while responsible for fewer casualties in the quarter, still resulted in two deaths.
The report also noted that the TCN recorded four cases of damage to property and infrastructure arising from explosions, fire outbreaks, or acts of vandalism during the quarter.
However, NERC said it initiated investigations into all reported accidents and signalled its intention to enforce appropriate actions where necessary.
The regulator said it organised periodic health and safety managers’ meetings aimed at improving safety performance across the industry, where it brings together health and safety officers from electricity companies to review incident reports, share lessons learned, and identify areas requiring urgent improvement.
During the period under consideration, the regulator disclosed that it supervised the successful conclusion of two compensation negotiations between electricity companies and families of victims, an indication of ongoing efforts to address the aftermath of such incidents.
However, the report showed that in the previous quarter (Q2), 38 fatalities were recorded, 19 persons were injured, and 60 accidents were reported.
“Relative to 2025/Q2, the number of accidents decreased from 60 to 57, the number of fatalities decreased from 38 to 33, but the number of injuries increased from 19 to 33,” the NERC report stressed.
“During the quarter, all the accidents occurred at the distribution level, i.e., neither TCN nor any of the Gencos recorded safety accidents. Although all Discos recorded casualties, the licensees with the highest number of casualties out of the total 66 recorded during the quarter are Ikeja and Kano (10), Eko and Kaduna (8), representing 15.15 per cent and 12.12 per cent of the total, respectively.
“This quarter continues the trend of the distribution sub-segment being the biggest driver of safety accidents in the sector. Discos accounted for 93.33 per cent, 100 per cent, and 100 per cent in 2024/Q4, 2025/Q1, and 2025/Q2, respectively,” the NERC report pointed out.
By Modupe Gbadeyanka
Contrary to reports making the rounds, the Akwa Ibom State House of Assembly is not considering passing a bill to make it a criminal offence for single ladies having romantic affairs with married men in the state.
On Monday, unconfirmed news went viral, purporting that a phantom Deputy Governor of Akwa Ibom State, Mrs Akon Etim, had sponsored a bill to ensure single ladies having sexual relationship with married men spend 10 years in prison, while the men pay a fine of N2 million.
It was claimed that the bill was to be passed by the state parliament, today, Tuesday, January 13, 2026.
Business Post reports that the Deputy Governor of Akwa Ibom State is Mrs Akon Eyakenyi, not Mrs Akon Etim.
Reacting to the reports, the chairman of the House Committee on Information, Mr Jerry Anson Otu, described the reports as “false.”
“The Akwa Ibom State House of Assembly wishes to categorically state that this report is entirely false and has no basis in fact. The Assembly has not received or considered any such bill, and the Deputy Governor has not sponsored it.
“We condemn this malicious attempt to tarnish the image of the Deputy Governor and the Assembly, and urge the public to disregard this fake news and any associated commentaries.
“The House remains committed to its constitutional role of law-making, and will not be swayed by mischievous attempts to undermine its integrity,” parts of the statement issued by the parliament stated.
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