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Obaseki Shines At Debate, Ize-Iyamu Fumbles

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The flag bearer of the All Progressives Congress (APC) in the September 10 Edo governorship elections, Mr Godwin Obaseki, emerged as the clear winner from the gubernatorial debate organized by Channels Television between the candidates in the governorship race – ahead of Mr Osagie Ize-Iyamu, candidate of a faction of the major opposition in the state, Peoples Democratic Party (PDP).

According to those present in the audience, Mr Obaseki was the most outstanding of the four runners in the 90-minute televised debate from Best Western Hotel, Benin City.

He exuded confidence as he expertly responded to a series of questions ranging from how he would tackle the problem of insecurity in the state; plans to diversify and significantly boost the economy of Edo; and steps to tackle unemployment and create 200,000 jobs in four years.

The consensus among young people who watched the debate was summed up by 21-year old Joy Iredia, a student of the University of Benin: “Up until now I did not take much interest in politics. But listening to all the candidates speak, I was drawn in by the candidate of the APC, Mr Godwin Obaseki, and how kept his focus on the issues and articulated his plans to take Edo State forward, particularly the use of technology as a tool for effective governance and job creation.”

On his part, Mr Osahon Bello, a civil servant, said, “The civil service forms the major workforce in Edo State. I align with Mr Obaseki’s plan to restructure the civil service in order to be more efficient and productive through robust training strategies to meet the challenges of fostering strong, sustainable and balanced economic growth.”

Mr Obaseki, a renowned investment banker and wealth management expert of over 30 years repute, posited that the economic challenges confronting us as a people today are so complex that it takes someone with a full grasp of all the issues, and practical experience in solving complex economic problems to lead the state on the path to prosperity.

Referring to the ‘simple agenda’ of PDP’s Mr Ize-Iyamu, Mr Obaseki pointed out that this is the time for us to be circumspect and think things through very carefully, not simplistically. “Simple solutions cannot solve our complex political problems; they cannot solve our complex economic problems; and can definitely not solve our complex security problems. It is mental indolence to think there are simple solutions to our problems.”

The APC flag bearer noted, “The world is set for the Fourth Industrial Revolution. We have identified the cycles and markers and we are prepared to play our part in this forward shift in the gears, ideologically opposed to being left behind. Our vision is a modern and progressive Edo State where every citizen is empowered with opportunity to live life in its fullness.”

In his closing remark, Mr Obaseki assured of better days ahead for Edo people, promising that his will be a people-oriented and inclusive government. He appealed to the electorate to support his bid by voting massively for the APC come September 10.

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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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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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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