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Guinean President Elected New AU Chairperson

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By Modupe Gbadeyanka

President Alpha Conde of the Republic of Guinea was elected on Monday, January 30, 2017, as the new Chairperson of African Union (AU).

Mr Conde was elected by the Heads of State and Government of the African Union, during their 28th Ordinary Session holding in Addis Ababa, Ethiopia.

President Conde is taking over from his Chadian counterpart, Mr Idriss Deby Itno.

He will be assisted by First Vice-Chairperson, Mr Yoweri Kaguta Museveni, President of the Republic of Uganda; Second Vice-Chairperson, Mr Abdelaziz Bouteflika, President of the People’s Democratic Republic of Algeria; and Third Vice-Chairperson, King MSWATI III, of the Kingdom of Swaziland.

During the handing over ceremony, the outgoing Chairperson of the Union, President Idriss Debby thanked his peers and the AU Commission for the support they gave him during his mandate. He commended the AU Commission under the leadership of Dr Nkosazana Dlamini Zuma for the good work in pursuing the transformation reforms under Agenda 2063 and for the support she gave him during his mandate.

President Debby said he had the privilege as Chair of the Union to travel all over the continent and beyond with the view of putting Africa First and presenting the developmental goals pursued by the continent.

He said, he had the opportunity in this capacity to visit many African countries and he cherished the moments when he met with the young people who are the future of tomorrow.

“It was an honour to guide our Organisation to implement its vision of the Africa We Want.”

He further underscored the need for the continent to be peaceful, united and prosperous. He also noted that the African Stand by Force has to be effectively operationalized so that it can play its rightful role in ensuring peace and security within the continent.

Before handing over the symbols of the Union to his successor, President Idriss Deby of Chad assured President Alpha Conde of Guinea that he can count on his continued support.

Speaking earlier, the Chairperson of the AU Commission, Dr Dlamini Zuma thanked the outgoing Chairperson of the Union, for the excellent cooperation and guidance offered during his term in 2017; “including the politics and history classes that punctuated the deliberations, and that kept us engaged,” she underlined.

The newly elected Chair of the Union, President Alpha Conde, hailed the outgoing Chairperson for his pan-African spirit and commitment to put Africa’s Agenda at the centre of priorities during his term as Chair of the Union. President Conde highlighted in his acceptance speech the major programs to be undertaken during his mandate. He will have among other important duties to ensure the implementation by AU Member States the theme of the year 2017: “Harnessing the Demographic Dividend through Investments in Youth”.

He will further mobilize the continent to implement the AU Agenda 2063 with the view to place Africa as a key player in the global arena.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Tinubu Seeks Senate Confirmation of Tegbe as Power Minister

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Joseph Tegbe

By Adedapo Adesanya

President Bola Tinubu has written to the Senate seeking confirmation of the nomination of Mr Joseph Tegbe as the Minister of Power in the Federal Republic of Nigeria.

The request, read by the President of the Senate, Mr Godswill Akpabio, during plenary on Tuesday, was conveyed in a letter addressed to the Senate.

President Tinubu, citing Section 147(2) of the 1999 Constitution (as amended), which empowers the President to nominate ministers subject to Senate confirmation, urged lawmakers to give the request prompt consideration.

Last week, Mr Tinubu nominated Mr Tegbe as the Minister of Power, following the resignation of Mr Adebayo Adelabu to pursue a governorship ambition in Oyo State under the All Progressives Congress (APC) in the 2027 polls.

In the same vein, President Tinubu sought confirmation of two other nominees: Ambassador Sola Enikanolaiye as Minister of State, as well as Mr Rabiu Abdullahi Umar as the chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

“The nomination has been transmitted to the Senate for screening and confirmation in accordance with the Constitution,” a statement by presidential spokesperson Mr Bayo Onanuga read in part.

Like his predecessor, Mr Tegbe is from Oyo State. He is a fiscal and economic reform expert with over 35 years of experience spanning the public and private sectors.

A former Senior Partner and Head of Advisory Services at KPMG Africa, he led wide-ranging initiatives in fiscal policy reform, institutional transformation, and governance in that firm.

Mr Tegbe has also advised key government institutions and private sector organisations on strategic reforms, regulatory frameworks, and investment structuring.

Until his nomination, he served as the Director General and Global Liaison for the Nigeria-China Strategic Partnership (NCSP), and was responsible for strengthening bilateral development cooperation between Nigeria and the People’s Republic of China.

Key priority for Mr Tegbe, if confirmed, will be to institute and execute policies that can help fix one of Nigeria’s most crucial sectors.

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Court Orders SERAP to Pay DSS Operatives N100m For Defamation

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serap dss

By Adedapo Adesanya

Justice Halilu Yusuf of the Federal Capital Territory High Court, Abuja, has awarded N100 million in damages against the Incorporated Trustees of the Socio-Economic Rights and Accountability Project (SERAP).

In his judgment, Justice Yusuf held that two operatives of the Department of State Services (DSS) were right to institute a defamation suit against SERAP.

In the suit, filed in the names of the two DSS officials, Ms Sarah John and Mr Gabriel Ogundele, the claimants accused SERAP of making a false allegation that they invaded its office in Abuja on September 9, 2024.

The court also ordered the organisation to tender a public apology to the two operatives, to be published in two national newspapers and broadcast on two television stations.

In addition, the court awarded N1 million against SERAP as the cost of litigation.

The judgment further stipulated a 10 per cent interest on the damages until the sum is fully paid.

The case follows a dispute that began in September 2024 when SERAP alleged that DSS officers “unlawfully invaded” its Abuja office.

In a post on its X account, the group said, “Officers from Nigeria’s State Security Service are presently unlawfully occupying SERAP’s office in Abuja, asking to see our directors.”

It added, “President Bola Tinubu must immediately direct the SSS to end the harassment, intimidation, and attack on the rights of Nigerians.”

The DSS, however, denied the claims.

It said the visit by its officers was routine and meant to engage the organisation’s new leadership.

The officers later sued, insisting that “no invasion occurred” and that the claims damaged their reputation and led to disciplinary action.

However, SERAP maintained its position.

In a later statement, it said, “We stand by our statements of defence and statements on oath,” insisting that DSS officers “unlawfully invaded our Abuja office.”

During court proceedings, witnesses reportedly said no physical assault took place.

SERAP’s Deputy Director, Mr Kolawole Oluwadare, told the court the claims were based on information from a staff member.

Counsel to the DSS officers, Mr Oluwagbemileke Kehinde, urged the court to grant all reliefs, arguing that the claimants had “substantially proved their case.”

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UK Court Freezes Nigerian Oil Trader’s Global Assets Over $40m Debt

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Abdulrahman Musa Bashar

By Adedapo Adesanya

A court in the United Kingdom has taken sweeping action against a Nigerian oil trader, Mr Abdulrahman Musa Bashar, freezing his assets worldwide in a bid to secure repayment of a long-running debt dispute tied to failed fuel transactions.

The order, issued by the High Court in London, prevents Mr Bashar and his firm, Ultimate Oil and Gas FZCO, from selling, transferring, or otherwise dealing with assets across multiple jurisdictions, including Nigeria, the United Arab Emirates, the United Kingdom, and France. The restriction applies up to the value of the outstanding liability, with disclosed holdings estimated at nearly $170 million.

According to Business Day, the dispute traces back to oil trading agreements between 2022 and 2023, when Dubai-based Petrichor Energy supplied gasoil and Jet-A1 aviation fuel to Ultimate.

Court filings indicate that while deliveries were completed, payments were inconsistent and ultimately fell short, leaving the supplier to pursue legal and arbitration routes to recover its funds.

In an attempt to resolve the matter, Mr Bashar entered a personal repayment agreement in early 2024, backing the company’s obligations with his own guarantee.

He also issued a series of signed cheques as security. However, these measures failed to yield results, as the debt remained unsettled and the cheques were rejected upon presentation.

The court’s decision to impose a global freeze was influenced by what it described as troubling conduct during the dispute. Evidence suggested that assets were being sold without proceeds going toward the debt, alongside concerns that not all holdings had been fully disclosed.

The newspaper reported that testimony also pointed to an alleged warning from Mr Bashar that he might move assets out of reach if negotiations broke down, an assertion the court treated as a credible risk of asset dissipation.

The ruling adds to a growing list of legal challenges facing the businessman. He has previously been sanctioned by English courts for failing to comply with orders in a separate commercial dispute, and was also convicted in Dubai, the UAE, in a different cheque-related case.

With the freezing order now active, Petrichor has expanded its recovery efforts beyond the UK, initiating enforcement actions in both the UAE and Nigeria.

The move aims to block any pathways through which assets could be shielded, while also enabling seizure or control where legally permitted.

In a further escalation, the English court has directed two Nigerian-linked companies associated with Mr Bashar to grant access to a Delta State storage facility, allowing the creditor to recover fuel cargoes tied to the unpaid transactions. Failure to comply could trigger additional legal consequences, including contempt proceedings.

Despite ongoing attempts by Mr Bashar and his company to overturn the freezing order, the court has so far declined to lift the restrictions, leaving the enforcement process firmly in motion.

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