General
Energy Stakeholders Urge Nigeria, Others to Reject Anti-Fossil Fuel Policies
By Adedapo Adesanya
Energy stakeholders have urged African countries, including Nigeria, the continent’s largest crude producer, to reject all anti-fossil fuel policies that may arise at discussions at the 28th Conference of Parties (COP28) in Dubai, the United Arab Emirates (UAE).
They called on African countries to fiercely defend the role oil and gas play across the continent, adding that it has become clear that developed nations seem committed to phasing out fossil fuels, advocating for an anti-fossil fuel energy transition that does not take into account the needs of the developing world.
For instance, the African Energy Chamber (AEC) warned that if endorsed, this approach would cause detrimental impacts on Africa’s economies as the continent has not only contributed the least to global greenhouse gas emissions – less than 2 per cent – but faces the worst impacts from climate change, owing largely to the actions taken by developed countries for centuries.
The Chamber said, “Phasing out fossil fuels and opting for a ‘Western approach’ to the energy transition is simply not an option for Africa.”
By phasing out fossil fuels, Africa will not only reduce its inconsequential emissions but essentially phase out energy in almost its entirety. The main sources of energy in Africa are oil (42 per cent), gas (28 per cent) and coal (22 per cent), it said in a statement.
“If Africa were to phase out these resources, it would be transitioning from dawn to darkness,” it added.
On his part, Mr Haitham Al Ghais, Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), issued a similar remark, urging member countries to reject any agreements that target fossil fuels during the climate negotiations.
He, instead, advocated for focus to be placed on reducing emissions rather than reducing energy.
“It seems that the undue and disproportionate pressure against fossil fuels may reach a tipping point with irreversible consequences, as the draft decision still contains options on fossil fuels phase out,” Mr Al Ghais noted.
“What we will continue to advocate for is reducing emissions, not choosing energy sources. The world requires major investments in all energies, including hydrocarbons, all technologies, and an understanding of the energy needs of all people. Energy transitions must be just, fair and inclusive,” he added.
This was echoed by Mr NJ Ayuk, Executive Chairman of the AEC, who noted that at COP27 which was held in Egypt in 2022, he advocated that Africa is trying to take the same path as wealthy countries that have used these resources to develop and position themselves financially and infrastructurally ready to transition away from fossil fuels.
“Last year, I wrote that I was going to COP 27 because I believe that if Africa is not on the table, it will be on the menu. It is unfortunate that a year on, we have seen little to no progress by Western nations to take into account the developmental needs of Africa. A year on, we are faced with the same threat: developed nations telling the world to abandon fossil fuels, thereby abandoning any chances of economic growth.
“Africa cannot afford to adopt the western-centric energy transition. Doing so would eliminate any chance of making energy poverty history, of industrializing economies and improving the lives of millions of people,” he stated.
“The green agenda promoted by the wealthy nations continues to ignore how instrumental oil and gas are in Africa. Climate panic and fear-mongering continue to be alive and well, and Africa should remain strong in its commitment to utilizing oil and gas for the betterment of its people,” Mr Ayuk added.
By Adedapo Adesanya
Lagos-based socialite and chief executive of Oceangate Engineering Oil & Gas Ltd, Ms Aisha Achimugu, has denied reports that $13 million was discovered in her residence, describing the claim as inaccurate and misleading.
Ms Achimugu denied the claims during an appearance on Channels Television’s Politics Today late on Monday, where she addressed allegations surrounding a raid on her home by the Economic and Financial Crimes Commission (EFCC).
Addressing the widely circulated claim, Ms Achimugu insisted that no such sum was recovered from her residence.
“Let me also correct an impression that 13 million dollars was not found in my house when my house was raided. And let me also correct that what is published on the website of EFCC is a certain state. I want to believe that it is not Lagos state because the state was not clear.
“So, it’s what is out there. So I won’t also entertain that it’s a Lagos state because that hasn’t been thrown at me. My house was raided, yes, but only $50,000 and 13 million naira belonging to my mom were found in my house and then again, my personal belongings. I don’t know where Nigerians got the impression that I had 13 million dollars in my house. I’m not a bank, so I won’t keep 13 million dollars in my house,” she stated.
She, however, declined to comment extensively on the matter, citing ongoing legal proceedings, but explained that the foreign currency in her possession was kept for practical reasons, noting that her children study abroad.
“It is important to have some foreign currency available for emergencies,” she said.
Speaking on the source of her wealth, Ms Achimugu maintained that her financial success is rooted in legitimate business ventures.
She disclosed that her company participated in oil block bidding rounds between 2022 and 2024 and emerged successful through what she described as a transparent process. Achimugu also dismissed suggestions that her success is tied to political connections.
Recall that Justice Emeka Nwite of the Federal High Court in Abuja affirmed the final forfeiture of $13 million linked to the Lagos socialite in March.
Justice Nwite had, on August 22, 2025, granted the anti-graft agency’s motion ex parte for an interim order forfeiting the sum of $13 million linked to Oceangate Ltd to the Federal Government over allegations that the fund was proceeds of unlawful activity.
The judge had then directed the commission to publish the order in a national daily for interested people to show cause within 14 days why the fund should not be permanently forfeited to the federal government.
In 2024, the businesswoman gained significant media attention for a seven-day birthday celebration in Grenada, which was attended by high-profile guests, reportedly including Lagos State Governor Babajide Sanwo-Olu.
The socialite also defended her widely publicised birthday celebration, noting that it had been “planned for 10 years” and was not funded with any money under investigation.
By Modupe Gbadeyanka
Reports that Governor Babajide Sanwo-Olu of Lagos State has been “ordered to resign on health grounds” have been debunked.
The Special Adviser to the Governor on Media and Publicity, Mr Gboyega Akosile, in a statement on Monday night, described the reports, which first emanated from Sahara Reporters, as false.
It was alleged that Mr Sanwo-Olu was asked to leave his position to allow his deputy, Mr Obafemi Hamzat, to take over.
This came shortly after the Governor endorsed Mr Hamzat as his successor after consultations with stakeholders in the state.
The political calculation is that if the deputy governor is allowed to finish his boss’ term, he will most likely be eligible to run only for a single term from 2027 to 2031.
In the statement yesterday, Mr Akosile said nobody has asked the Lagos Governor to resign, describing it as “another fake news, which has become a pattern of Sahara Reporters.”
According to him, Governor Sanwo-Olu remains in good health, of sound mind, and is actively discharging his duties as Governor of Lagos State.
He explained that the clarification was issued “to prevent the public from being misled by deliberate falsehoods. We would ordinarily ignore such baseless reports, but the need to reassure Lagosians makes this response necessary.”
The governor’s aide advised the public to disregard the story and treat it as fake news because the platform “has a track record of publishing disinformation.”
By Adedapo Adesanya
The Governor of Lagos State, Mr Babajide Sanwo-Olu, has endorsed his deputy, Mr Obafemi Hamzat, as his preferred candidate for the 2027 governorship election, under the banner of the All Progressives Congress (APC).
Mr Hamzat on Monday declared his intention to run for governor during a closed-door meeting at Lagos House, Marina, attended by members of the State Executive Council, party leaders and members of the Governor’s Advisory Council.
Among those present were former Minister of State for Defence, Mr Musiliu Obanikoro, and former senator, Mr Ganiyu Solomon.
Mr Sanwo-Olu described the endorsement as a consensus decision reached by stakeholders, saying his deputy possesses the experience and competence to lead the state.
“We just received Mr Deputy, who had come with a very powerful delegation of our leaders in the state to inform us of his intention to contest for the seat of the governorship position of the state,” the governor said.
“It was unanimous with all of us to say that Mr Deputy Governor is a man who is fit and well-prepared for this job. He is a man who knows where all the rooms in the house are,” he added.
The governor cited Mr Hamzat’s record in office and their working relationship over the past seven years as reasons for his support, describing him as loyal, committed and prepared for leadership.
“This is a deputy governor that is worth a governor from day one; this is a man that has been built for this job, and we believe that he deserves to be given a chance to go and run this state,” he emphasised.
Mr Sanwo-Olu also linked the political development to President Bola Tinubu’s longstanding influence in Lagos politics.
“We thank our father, our leader, Mr President, who saw the vision… that long run is what is already being manifested here today,” he noted.
He characterised the meeting as a family-style consultation involving party stakeholders and government officials, saying there was broad agreement in support of Mr Hamzat’s aspiration.
“It’s been a very warm family meeting, and at the end of the day, it was unanimous that Mr Deputy Governor is fit, ready, well baked… for this job,” he added.
The endorsement comes more than a year before party primaries are expected. However, political analysts say it suggests early alignment for the ruling party in the commercial capital.
Mr Hamzat is a former Commissioner for Works and Infrastructure in the state and a two-term deputy governor.
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