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Fayemi Applauds Co-contestants in Ekiti APC Guber Primary

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Fayemi Ekiti APC Guber Primary

By Dipo Olowookere

Minister of Mines and Steel Development, Dr Kayode Fayemi, has described his emergence on Saturday as flag bearer of the All Progressives Congress (APC) in the July 14, 2018 governorship election in Ekiti State as victory for democracy.

According to him, the victory belongs to all Ekiti people who desired a change, applauding the doggedness of his co-contestants in the governorship primary, stressing that he would be counting on their support and wisdom in the main contest, notwithstanding the acrimony that characterised the primary election.

In a statement issued by his media aide, Mr Olayinka Oyebode, the Minister, who was the immediate past Governor of the state, stated that, “In all electoral contests, tempers often rise and nerves are frayed. I therefore humbly appeal to all my supporters, and to my co-contestants and their supporters, to let go of past differences as we forge ahead to a new dawn.”

He said further that, “The first major step is the immediate setting up of the candidate advisory council, comprising all the co-aspirants.”

According to him, “What we have witnessed today, is one of the essential elements in the electoral cycle in any democracy – the exercise of the collective will over the aspirations of many.

“It has been a hard fought contest and I am extremely humbled that our delegates have counted me worthy, once again, of the honour of bearing the banner of our great party. This victory is not mine alone, it belongs to all Ekiti people who desire a greater tomorrow.

“The free, fair and transparent process we have witnessed today is a testament to our great party’s democratic credentials that guarantees a level playing field for everyone aspiring to high office. This is a feat we must all be proud of.

“But the battle has only just begun – the contest to Reclaim Our Land and Restore Our Values. The fight to ensure our great party comes out victorious in the July 14, 2018 general election.

“Without a doubt, Ekiti is in critical need of rescue. It is imperative that we urgently commence the task of purging ourselves of the bad reputation we have earned in recent years and restore good governance to the state.

“Instead of continuing the quest for freedom from ignorance, disease and want, what we have seen is a paradigm that deepens captivity to these ills. In short, the last four years has called into question all that we stand for as a people. The timeless values of honour, dignity, nobility and civility encapsulated in the Omoluabi ethos have been eroded.

“We must resume the march to break the yoke of ignorance that keeps our people down; liberate them from ill-health and other limitations that restrain them from achieving their potentials; and break the stranglehold of poverty which keeps people from living full creative lives.

“I would be counting on all my co-contestants to share their wealth of experience, ideas and knowledge in furtherance of our collective desire to make Ekiti great again”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Tinubu in UAE for 2025 Abu Dhabi Sustainability Week

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Bola Tinubu 2027 presidential election

By Modupe Gbadeyanka

President Bola Tinubu on Saturday, January 11, 2025, left the shores of Nigeria for the United Arab Emirates to take part in the 2025 Abu Dhabi Sustainability Week (ADSW 2025).

He was accompanied by the Minister of Foreign Affairs, Mr Yusuf Tuggar, and other senior government officials.

A statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that Mr Tinubu was invited for the event by his UAE counterpart, Mr Mohamed bin Zayed Al Nahyan.

He will attend the programme starting from today, Sunday, January 12 to Saturday, January 18, 2025.

However, President Tinubu is expected to return to Nigeria before the end of the summit on Thursday, January 16, 2025.

The event, themed The Nexus of Next; Supercharging Sustainable Progress, is expected to bring together global leaders to accelerate sustainable development and advance socioeconomic progress.

In addition, it will enable policymakers, business, and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and evolve a new era of prosperity for all.

ADSW, a testament to the power of collaboration, has been held annually for over 15 years. It provides a global platform to foster multi-stakeholder cooperation in addressing global challenges and accelerating growth.

It has birthed high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the sustainability agenda worldwide.

At the event, President Tinubu will stress his administration’s reforms, including those related to energy sufficiency, transportation, public health, and economic development.

The Nigerian leader and his entourage will also meet with the emirate’s leadership to discuss issues of interest affecting the two nations.

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Lagos Speaker Mudashiru Obasa Faces Renewed Scrutiny Over Financial Mismanagement

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mudashiru obasa

By Dipo Olowookere

The Speaker of the Lagos State House of ​Assembly, Mr Mudashiru Obasa, remains at the centre of a storm of corruption allegations that have plagued his tenure.

Critics, anti-corruption groups, and opposition leaders have accused him of financial mismanagement, extravagant spending, and abuse of office, yet no substantive action has been taken against him.

Recent reports by People’s Gazette revealed that the 40-member Lagos State House of Assembly, under Mr Obasa’s leadership, spent over N43 billion on “back-up vehicles for honourable members” between January 2023 and the third quarter of 2024.

This expenditure, part of a larger N90.5 billion disbursed for questionable projects, has raised concerns among Lagos residents about the state’s priorities amid widespread economic hardship.

Budget documents showed the Assembly spent about N30.1 billion on vehicles in 2023 and about N13.3 billion in the first three quarters of 2024. Critics argued that these sums, which equate to roughly N1.1 billion per lawmaker, were frivolous.

Mr Obasa has faced allegations of corruptions since early in his tenure, including reports of owning over 60 bank accounts used to misappropriate public funds. In 2019, People’s Gazette reported that the lawmaker conducted suspicious foreign exchange transactions totaling $2.4 million (N1.1 billion). These funds were allegedly funneled through personal accounts and mutual fund investments.

In October 2020, the Economic and Financial Crimes Commission (EFCC) invited the Speaker for questioning over allegations of fraud. Despite evidence of financial impropriety, including allegations of inflated contracts and misappropriated Assembly funds, the EFCC has yet to take decisive action. Protests led by civil society groups like the Civil Society Network Against Corruption (CISNAC) demanding accountability have yielded little progress.

Mr Obasa has consistently denied these allegations. Speaking at a recent plenary, he dismissed claims of spending N17 billion on constructing a gate as “spurious and funny.”

He also refuted allegations of spending N200 million on a nonexistent thanksgiving service, attributing the accusations to political fear-mongering ahead of the 2027 elections.

However, critics have dismissed these defenses as self-serving. A 2020 House panel, composed of Mr Obasa’s allies, cleared him of wrongdoing—a decision labeled a “kangaroo judgment” by anti-corruption advocates.

Prominent anti-corruption campaigner, Mr Olanrewaju Suraju, has urged the EFCC to act on the mounting evidence against Mr Obasa, warning that his actions undermine legislative independence and public trust.

“These revelations justify the urgent need for mechanisms to enforce probity and accountability in public office,” Mr Suraju said.

Despite the scandals, Mr Obasa appears unperturbed and untouchable, with analysts attributing his survival to political connections and an entrenched culture of impunity.

As Lagos State prepares for the 2027 elections, the Speaker’s continued tenure symbolizes a broader challenge of corruption and governance in Nigeria’s political landscape.

Observers now await further developments as pressure mounts on anti-graft agencies to act decisively.

For Lagos residents, however, the scandals highlight a troubling disconnect between political leadership and the needs of the people.

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Nigeria Suffers First National Grid Collapse of 2025

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By Modupe Gbadeyanka

Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.

It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.

Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.

It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.

This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.

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