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Former President Jonathan Condoles With Jigawa Governor Over Death of Mother, Son

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Goodluck Jonathan and Umar Namadi

Former President Dr. Goodluck Ebele Jonathan has commiserated with Jigawa State Governor, Umar Namadi, over the passing of his son, Abdulwahab Namadi, who died in a car crash barely 24 hours after the passing of his motherHajiya Maryam Namadi.

In a condolence message issued on Friday the former President expressed sadness over the tragic loss, describing it as shocking and painful.

Dr. Jonathan stated: “I convey my deepest condolences to you and your family over the tragic loss of your beloved mother and son within such a short span of time. I am profoundly saddened by this devastating news, and my thoughts and prayers are with you during this difficult time.

“ Losing a cherished mother is an irreplaceable loss, as is the untimely demise of a beloved son. I cannot imagine the depth of pain you must be enduring. I want you to know that my heart goes out to you and your family. Please take solace in the Almighty’s grace and in the cherished memories of the moments you shared with them.

“May God Almighty grant you and your family the strength to bear these irreplaceable losses, and may He comfort youand bring you peace.”

FBN Holdings N149.58bn Rights Issue Closes Monday

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FBN Holdings

Trading in FBN Holdings (FBN) Plc’s N149.575 billion rights issue will close on Monday, December 30.

The Holding Company had earlièr notified the investing public that it had obtained the approval of the Securities and Exchange Commission (SEC) to extend the period of the rights issue by 18 days.

Consequently, trading in the Company’s Rights closes on Monday, December 30 2024.

FBNH has been under going a rights issue for 5.983 billion ordinary shares priced at N25.00 each, on the basis of one new ordinary share for every existing six ordinary shares held as at the close of business on October 18, 2024, opened on November 4, 2024 and was supposed to close on December 12, 2024 before the extension.

The Company has reiterated that the proceeds of its N150 billion rights issue will be used to increase the tier 1 capital of its banking subsidiary, First Bank, as it grows its digital banking operations, and international activities.

As of September 30, 2024, the Corporation’s financial highlights include total assets of N27.49 trillion, N12.72 trillion in loans and advances, N21.22 trillion in customer deposits, N2.60 trillion in shareholders’ funds.
FBNH achieved N2.25 trillion in gross earnings with a return on equity (ROE) of 20.27 percent.
FBN Holdings Plc is a financial holding company and one of the largest financial services organisations in Africa.
It is a diversified and leading financial services Group offering a broad range of products and services through its subsidiaries, across commercial banking, merchant banking, capital markets, trusteeship and insurance brokerage to millions of customers.

Two Soldiers Killed, One Missing, As Troops Clash With Suspected IPOB/ESN Members

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Soldiers on Duty - Nigerian Army

By Suleiman Anyalewechi

The Nigerian Army on Saturday December 28, 2024, informed that it lost two of its personnel while confronting some suspected members of the Eastern Security Network, ESN, the armed wing of the Indigenous Peoples of Biafra IPOB in Osina, Ideato North Local Government Area of Imo State.

The Army, however, announced the neutralization of some members of the proscribed  group in the fierce gun duel.

Writing on its official site the 34 Artillery Brigade Obinze said one of its troops is still missing.

According to the statement, troops while coming back from a routine patrol, responded to a distress call in connection with an attack on Osina residents ,by suspected members of IPOB/ESN.

“Upon arrival, troops engaged the terrorists with overwhelming fire- power, forcing the dissidents to withdraw in disarray.

“Unfortunately, two  security agents were killed in action and one other is missing

“Their weapons, an AK-47 riffle and tear gas launcher were carted away by the terrorists.

“The corpses  of the slain agents were recovered and the troops proceeded in pursuit of the fleeing terrorists” the Army wrote.

In another development ,the Brigade said that troops also encountered some suspected members of IPOB/ESN in Nkwachi community, resulting in the death of one of the terrorists.

In the face of the superior fire-power of the troops, other terrorists fled into  the nearby forest, the Army stated

According to the statement, one AK-47 riffle with fully loaded magazine was recovered from the fleeing terrorists.

“Also, troops recovered five AK-47 riffle, and five magazines bringing the total to six AK-47 riffles, a tear gas launcher.”

The Army noted that concerted efforts  are underway to track down fleeing members of the group

“Further exploitation is ongoing as troops will continue to trail the injured terrorists and smoke them out of their hideouts and places of treatment

“We urge all IPOB/ESN irredentists and other criminal elements hiding in the bushes to surrender to the nearest troops location or meet their waterloo as troops of the Brigade will continue to ensure that Imolites celebrate the Yuletide Season in peace without fear or intimidation” the Army stated.

Abductors Of Priest, Wife, Two Children, In Ondo Demand For N75 Million Ransom

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Gunmen - Kidnappers

By Ayodele Oni

An Anglican Cleric, Rev. Canon Olowolagba, his wife, and two children have been kidnapped along Ise Akoko-Iboropa road in Akoko North-East Local Government area of Ondo State.

The Bishop of Akoko Anglican Diocese, Rt. Rev. Babajide Bada confirmed the incident  on Saturday.

Bada said “The unfortunate incident happened on Sunday between 4 pm and 5:30 pm. The man involved is Reverend Olowolagba.

“He was travelling from Ipesi with his wife, Mrs Olowolagba, and their 16-year-old daughter, Goodness Olowolagba, a 100-level student of Adekunle Ajasin University, Akungba- Akoko (AAUA), who came for a holiday at home, and a nine-year-old girl staying with them, identified as Idowu.

“They drove from Ipesi through Isua Akoko. And when they got to between Isua and Ise-Akoko, they were kidnapped. And we did not know, until the following morning, when their members discovered that they didn’t get to Ikaram, where they were going. And they were not also at home.

“Since then, those who kidnapped them have been calling. They called to ask for a million naira ransom. And we said that’s very unreasonable.

“Later, they said N10 million. But when we gathered some money to go and secure their release, they changed to another million. That is why the Reverend and the wife, including the two children are still there.”

However, the Bishop said the kidnappers had insisted on a N75 million ransom before they could set free the victims.

Why Nigeria Failed 2m Daily Crude Oil Production Target – CBN

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Crude Oil

The Central Bank of Nigeria, CBN, has cited the vandalisation of crude oil pipelines as one of the reasons why Nigeria could not achieve its target of two  million barrels per day oil production in 2024.

The CBN said the nation’s pipeline infrastructure are either vandalised or suffering from old age, which made it impossible for crude to be transported through them.

The year is about to wind down in few days and the country is still struggling to meet the target set by President Bola Ahmed Tinubu’s administration to raise the nation’s oil production higher, according to experts in the oil and gas sector.

As a result, the revenue target from crude oil has also been missed, according to the latest report by the CBN.

The apex bank disclosed that oil revenue plunged by 24.72 percent to N1.30 trillion compared to the N1.73 trillion recorded in the second quarter.

It said the figure fell significantly short of the quarterly target by 75.39 percent, largely due to frequent shutdowns caused by deteriorating pipelines and installations.

According to the apex bank,“Oil revenue fell by 24.72 percent to N1.30 trillion, relative to the level in Q2 2024, on account of lower receipts from petroleum profit tax and royalties.

“It was also 75.39 percent short of the quarterly target due to shut-ins, arising from ageing oil pipelines and installations.”

The report further noted that despite a modest rise in crude oil production to 1.33 million barrels per day (mbpd) from 1.27 mbpd in the previous quarter, theft, vandalism, and infrastructure deficits continued to stifle revenue growth.

The ageing infrastructure not only hindered production efficiency but also impaired Nigeria’s ability to meet its OPEC production quota.

Adding to domestic challenges, global market conditions exacerbated the situation.

The average spot price of Nigeria’s Bonny Light crude fell by 5.45 percent to $82.23 per barrel during the quarter, reflecting weaker global demand.

Similar price drops were reported for other crude benchmarks, including Brent and the OPEC Reference Basket.

Despite the setbacks in the oil sector, Nigeria’s economy grew by 3.46 percent in Q3 2024, up from 3.19 percent in the preceding quarter, the CBN report said.

Oshiomhole Counters Fagbemi, Says Suspended Council Bosses Are ‘Bad Guys’

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Adams Oshiomhole and Senator Monday Okpebholo

Senator Adams Oshiomhole has described the suspended 18 local government chairmen in the state as ‘bad guys’ who deserved their their punishment.

The former governor of the state spoke in his home in the state on Friday in his reaction to the controversy that have trailed the suspension of the local government bosses and their management.

The State House of Assembly had  suspended the LG chairmen following Governor Monday Okpebholo’s allegation of insubordination, and mismanagement of funds against them.

The suspension has generated serious controversy in the country with the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, a Senior Advocate of Nigeria, SAN, weighing in on the matter, by suggesting that the action of the state Assembly is illegal and unconstitutional.

The AGF cited the July 2024 landmark ruling of the Supreme Court which guaranteed the independence of the 776 local governments in the country.

Speaking, Senator Oshiomhole said Governor Okpebholo had by his action stopped the financial haemorrhage in the 18 local governments, accusing the suspended LG bosses of sending funds belonging to the councils, to the immediate past governor of the state,  Godwin Obaseki.

Oshiomhole described the suspended chairmen as ‘bad guys’ hailing the decision of Governor Okpebholo to wield the big stick against them.

He said Governor Obaseki as the new sheriff in town took the best decision by asking the LG chairmen to go home.

The senator said, , “People already know that there is a new Sheriff in town. He is stopping all the bad guys and stopping the bleeding that Edo was going through.

“It is not a secret that Local Government Councils were paying huge amounts of money to his predecessor (Godwin Obaseki), and he says ‘stop’, not while I am here. We want the money to be used to develop the localities.”

The magazine reported that Fagbemi kicked against the suspension of the chairmen, saying only elected councilors in the 18 councils have the power to suspend or remove the Chairmen.

OPINION: Back Story of Tinubu Interview

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Azu Ishiekwene
Mr Azu Ishiekwene

By Azu Ishiekwene

Apart from General Sani Abacha, I have met one-on-one with every Nigerian leader since 1992, from General Ibrahim Babangida. However, I have only participated in one televised live group media chat with former President Olusegun Obasanjo.

If you have met Obasanjo before – whether for an interview or anything else – you might agree that he’s a handful and more. You never know what to expect with Obasanjo, especially when he is in his lair.

I narrowly missed being punched by the former president during an untelevised interview in his Library in the Villa in 2004 for asking why his government was letting a political outlaw, Chris Uba, run amok in Anambra State. The combined effort of presidential aides, the late Remi Oyo and Professor Julius Ihonbvere, rescued me from Obasanjo’s fury.

Are you OPC?

My experience wasn’t very different during the live presidential media chat. I had asked him why he ordered a shoot-on-sight against members of the militant Yoruba self-determination group Oodua People’s Congress (OPC), which operated mainly in the South West, Obasanjo’s home base.

He was livid. He warned me, on air, that if I were going to bring the irreverence of my weekly column to the Villa, he would immediately throw me out of the panel. I insisted on an answer, to which he said, “If you’re a member of OPC, tell your people that I mean what I said!”

Three presidents, different styles

Presidents Umaru Musa Yar’Adua, Goodluck Jonathan, and Muhammadu Buhari, whom I also met at different times in different untelevised encounters in the line of duty, were distinct in their peculiar ways.

Yar’Adua spoke a little, measuredly and candidly. Jonathan was gentle, felicitous, and vulnerable without a care in the world. Buhari was taciturn, defensive, and tight-lipped, except when you touched on a raw nerve, mainly around his family or his relationship with Babangida, with whom he has had a fascinating Tom-and-Jerry relationship.

I poked Buhari on this soft spot in an untelevised group interview in 2016. His unusually animated, angry reply inspired a widely publicised story that covered The Interview magazine, entitled “Why Babangida removed me from power.”

Road to interview

The Monday televised interview with President Bola Ahmed Tinubu differed in many ways. Multiple sources, including those inside his cabinet, had pressured him to host an interview many times, but he refused, insisting that the time was not right and that there was much to be done.

In October, 17 months into his presidency, there was a nearly interview on the eve of the planned second round of the #EndBadGovernance protest. He cancelled at the last minute for personal reasons.

When I received a message on December 18 that I had been selected for a panel to interview the president, I assumed it would be live. Not that there’s any journalistic rule forbidding a recorded interview. Some of the best interviews I’ve read about or seen, from Oriana Fallaci to Larry King, were recorded. In a more recent example, the CNN interview with President-elect Donald Trump was recorded on November 25 and aired on December 12.

Live or recorded?

However, I hoped the interview with Tinubu would be live – a point I later found was shared by all panel members – because this was the first nearly halfway into his presidency. If eating this toad had taken 19 months, it’s better to eat it big for Nigerians to hear their president engaging them unfiltered.

The choice of live or recorded can sometimes be tricky. Like Ebenezer Obey’s famous story in the song of the Journeyman and his Donkey, you can’t please everyone. Some want it live because it allows spontaneity and could sometimes be a window on the persona of the interviewee. Others prefer a live interview for traps to catch the interviewee in their unguarded moments, which is why others oppose it.

The panel

We—a panel of seven—comprising Dr. Reuben Abati (ARISE TV/ThisDay), Maupe Ogun-Yusuf (Channels TV), Nnamdi Odikpo (NTA), Jide Otitoju (TVC), Umar Farouk Musa (VOA), Ruth Olurounbi (Bloomberg News), and me—wanted to have this interview live and for two hours for the reasons I’ve explained.

That didn’t happen. Hours before the interview, which was postponed from Sunday to Monday because of the tragic deaths from palliative stampedes in different parts of the country, we finally settled for 90 minutes. The questions were entirely ours to decide, and that was what happened.

Some folks have been upset that the interview was not live and, to make matters worse, not a brawl. One gentleman, obviously with a heavy heart, said, “I expected my seniors on the job to rattle the President.” I get that. Another was not even interested in the interview. He aimed at me instead, saying that even though I’m an Igbo man (which I’m not), I did not wear a red cap (which I’ve never worn) because of an “inferiority complex!”

To cut or not?

It’s the nature of recorded interviews—and this one was no exception—that not everything is aired. Twenty questions were prepared, and at least 17 were asked point-blank, excluding unscripted queries and follow-ups.

Among the unaired questions were whether the President considered Nyesom Wike, the Minister of the Federal Capital Territory (FCT), a political liability and whether direct payments to the local governments were not a derogation of the principle of federalism, which recognises the centre and the states as the fundamental constituent units of the federation.

Questions also arose about #Endsars and state police and whether the president would request the Code of Conduct Bureau to release his assets, as one or two newspapers requested under the FOIA of 2011.

His answers were fascinating. He described Wike as a performing minister and a very good man. He said it twice, slowly but louder and with a hearty laughter of approval the second time. In response to the Supreme Court’s judgement on local government autonomy, he said, “There are at least two ideological views on that. The thing is that the constitution created the local governments, and there isn’t such a thing as ‘unfunded mandate.’”

Translation: If the law created local governments, it is not unlawful for them to receive their funding directly. That debate continues.

‘I’ll consider’

On state police, he said he didn’t expect any obstacles but expected a negotiated outcome in the country’s best interest. His response to the question on asset declaration was even more fascinating. I remember that in 2012 this question left Jonathan with a media chat black eye. He was asked if he didn’t care about the growing public demand that he should declare his assets. In what was initially thought to be a slip, he said, “I don’t give a damn!” That turned out to be a damn good headline the next day.

Tinubu took a different approach. He said he had done his part by filing his assets as required by the law and would do so again at the point of exit. But when asked if he would ask the CCB to release it since there is currently no law mandating the CCB, despite the FOIA, he said, “I will consider doing so.” That, I think, is worth holding onto.

Everything couldn’t be covered in a one-hour broadcast, and perhaps one live or recorded interview will hardly satisfy the pent-up hunger to hear the president. But one presidential interview at a time, the gap is closing.


Ishiekwene is the Editor-In-Chief of LEADERSHIP and author of Writing for Media and Monetising It.

Catholic Priest Gunned Down In Anambra

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Rev Fr Tobias Okonkwo

By Suleiman Anyalewechi

The security challenges facing Anambra state of recent has continued unabated with the gruesome killing of the Catholic Priest of Nnewi Diocese, Rev Fr.Tobias Okonkwo.

A statement issued on Friday December 27, 2024 by the Chancellor of the Diocese, Rev Fr Raphael Ezeogu, informed that Okonkwo was tragically shot by  gunmen on Thursday December 26, 2024, along the Ihiala section of the Onitsha/ Owerri Road.

The Source reports that the incident is coming on the heels of the abduction of Hon Justice Azuka, the member representing Onitsha Constituency in the Anambra State House of Assembly.

The Labour Party Legislator was attacked and kidnapped on the  eve of Christmas  along Ugwunpampa road .

Although, as at Thursday ,December 26, the police had been able to recover his vehicle ,but his whereabouts remain unknown.

It will be recalled that ,most parts of the state have been rendered largely unsafe ,by spates of violent criminal activities by hoodlums in the last few months .

The statement from the Diocese indicated that ,the late priest was attacked and gruesomely killed by the assailants on the ever busy Onitsha-Owerri road.

At the time of his untimely death ,Rev Okonkwo ,40 ,was the Manager in charge of Nursing ,Midwifery and Medical Laboratory Programmes at the Our Lady of Lourdes Hospital in Ihiala Anambra state ,according to the Diocesan statement.

” We ask for your prayers and Holy Masses for his eternal peace .May Fr,Tobias dwell in paradise forever .May God provide comfort to those he has left behind”the statement further reads .

The late priest  hailed from  Ekwulumili Community in Nnewi South Local Government of Anambra state .

Sokoto Airstrikes: Unintended Deaths Caused By Explosions – Military

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NAF Super Tucano Fighter Jets

By Suleiman Anyalewechi

The Nigerian Military has blamed the death of some locals in the Sokoto airstrikes targeting insurgents on what it called  “Secondary explosion.”

The Source reports that multiple airstrikes targeted at the Lukarawas terrorists enclaves, on Wednesday, December 25, 2024 ,claimed the lives of about  ten  local residents in Gidan Sama and Rumtuwa villages in Silame Local Government Area of Sokoto state.

Witnesses also said that several locals were injured by the multiple airstrikes carried out by the Nigeria Airforce NAF.

The death of the  villagers has since sparked controversy ,with the Military high command promising to investigate the alleged mistake in the airstrikes.

At a media briefing on Friday, December 27, 2024, the Director of Defence Information,

Edward Buba, a Major General,  stated that the unintended deaths and spate of injuries that trailed the airstrikes were as a result of explosions, emanating from the striking of an armoury of the terrorists.

According to him, the hitting of the logistics depot, had led to the explosions of the weapons and other armed caches and poles that were kept in the terrorists armoury

” Now, I spoke about secondary explosions, because one of the targets of the strikes was a logistics base of the terrorists in the community.

“When I talk about logistics base, I am talking about armed caches and poles that were kept there.

“So naturally, when the munition hits, there will be a secondary explosion arising from that which will in turn generate other things flying in the air which was what led to the death of about 10 persons that was reported.

“The ten persons were not hit directly by the airstrikes. The people who were hit directly by the airstrikes were the Lukarawas terrorists group and they were burnt beyond recognition “, Buba stated .

The Defence spokesman insisted that the airstrikes were precise and decisive, as the military has been able to confirm.

“To make sure that those that we saw at the location were indeed terrorists, that is the Lukarawas ,we sent human intelligence to confirm and they reported back to us, confirming that they were indeed terrorists.

It was after confirming that we carried out the operation, a combined synchronized operation with the Air Force and ground troops.

“The Air Force carried out precision strikes using precision munitions. After the strikes, the land component moved in.

“The ground troops equally confirmed that, yes, the strikes hit the objects, and that is that”, Buba noted.

However, the military’s position on the unfortunate incident, may not be able to persuade not a few ,who still believe that the tragedy resulted from miscalculations.

Controversy As Hackers Rip N180m  From VeryDarkman’s NGO Account

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VeryDarkMan - VDM

By Akinwale Kasali

Nigerians are demanding explanations following claims by controversial social media Influencer,  Vincent Otse, also known as VeryDarkMan that N180 million has been stolen from his account.

The social critic, on Friday, in a now viral video raised the alarm on his social media platforms that his Non Governmental Organization, NGO, account had been hacked, and the whopping amount stolen from it.

Otse, however, disclosed that one of the suspects has been arrested.

The development comes a few days after VDM said he had acquired a state-of the-art Mercedes Benz car. The luxurious vehicles is believed to be worth several million of naira.

The magazine recalls that in October 2024, VDM launched the Martins Vincent Osei Initiative, raising over N35 million in donations within hours, and also announced receiving N100 million from music mogul Michael Collins Ajereh, popularly known as Don Jazzy.

“Honestly, I’ve not been myself for the past few days,” Otse said. “Somebody hacked into the NGO website, and N180 million is missing. Thankfully, we’ve tracked the person, and one suspect has been arrested.

“The account is now on PND (Post No Debit). There’s N20 million left, while N160 million was diverted. We’re heading to Jos to recover the money.”

VDM added that he had to shut down the NGO’s app for maintenance to prevent further breaches and promised to provide updates on the situation.

However, not a few netizens have demanded more explanations from him over the alleged missing money.

A netizen, Dr J, tweeting as #truebenny001, asked, “Was the money in the website or the bank?”

Basito, tweeting as #Itzbasito, remarked, “VeryDarkMan said ₦180m is missing from the ₦200m donation for his NGO. See scope o, like say we be primary school students.”

Ms Dinero, tweeting as #Mas_Dinero_, expressed disbelief, saying, “₦180 million don vanish just like that? Omo, hackers or no hackers, na who get mind dey this NGO? Because this story no clear o. Money wey no be yours dey waka anyhow? Better call EFCC; this drama don pass ordinary.”

Another user, Mikay (#stephen_mikay), added, “Lol. It is not possible! Banks set limits to certain transactions. ₦180m cannot go out of a bank account at once without verbal confirmation from the signatories!