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“Nigeria Is Best Place To Invest in Africa”- Tony Elumelu

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By Michael Effiong

Chairman,  United Bank For Africa Plc and Hiers Holdings, Mr Tony Elumelu has revealed that Nigeria is the best investment destination in Africa because return on investment is high.

Speaking during an interview on Arise TV’s Morning Show, Elumelu who expressed sadness over the fact that some multinational corporations were relocating or taking their businesses elsewhere noted that Nigeria is still a good place to invest.

He stated that as a person who has investments in other countries on the continent, he can say categorically that investing, in Nigeria, despite the challenges willl not be a waste and will deliver the best ROI.

The media-shy Elumelu who revealed that his company, Transcorp will bid for one of the Generating Companies being offered for sale by the Federal Government through the Bureau of Public Enterprises  ( BPE), stated that if Nigeria gets the power mix right, its economy will blossom.

On the Falomo Shopping Complex project, he stated that the project was cancelled by Governor Ambode but has now been revived by Governor Sanwo-Olu.

He said though the project will now be three times more expensive, the new project will be a residential property with a small mall and other facilities.

” Falomo is a hub and I assure you that everyone will be proud of what we are going to construct there”

He also revealed  that there will be renewed action in the Transcorp Hotel project in Lagos.

On the Tony Elumelu Foundation, he said that it was his own way of democratizing luck. In his view, many people have great ideas but need the mentorship and finance to thrive.

He said as someone who has experienced both poverty and affluence, he knows full well what the youths are going through and was happy at the strides the Foundation has so far made.

On the wake of the issues at First Bank, Eleumelu declined to comment but applauded the operators and regulators of the Nigeria banking system for the great work they have done.

He stated that the corporate governance regime in Nigeria should be commended because it laid the foundation for UBA’s ability to scale through the tough rules in the US and UK.

Elumelu who stated that UBA was the only African bank that receives deposit in the United States stated that he was proud of the sterling achievements of the bank.

Speaking about gender equality, Elumelu noted that he has soft spot for women as he was influenced and inspired by the industry of his mother.

According to him, his wife, Awele has been a rock and his eldest daughter, Oge, who is currently at London School of Economics has continued to make him proud, he noted that it was not deliberate but many of the top Executives at his companies are women.

Asked about who among his children will be heir, without batting an eye,  he said his eldest daughter, Oge is No. 1 and will always be the leader.

He however noted that what is important for children is to teach them the right values and principles. ” This, to me, is the most important aspect of bringing up children”

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Breaking: Wike Plans to Attend Thursday’s PDP NEC Meeting

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By Eric Elezuo

The immediate past Governor of Rivers State, and Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, may have concluded plans to attend the much advertised National Executive Council (NEC) meeting of the main opposition party, the Peoples Democratic Party (PDP), billed to hold on Thursday, in Abuja.

Impeccable source, who is in the know, told The Boss that the minister, whose membership of the PDP is yet to be revoked even as he frolicks with the ruling All Progressives Congress (APC), and serving in the President Bola Tinubu government as a minister.

The Source told The Boss that Wike’s impending presence at the NECeeting on Thursday is not unconnected with plans, already hatched with some governors, to weaken the opposition PDP.

“Yes, we have on good authority that FCT minister, Wike is planning to attend the NEC meeting tomorrow all in a bid to weaken the fabrics of the PDP, and pave the way for the continuation of the Tinubu administration come 2027, and by extension, relapse Nigeria to a full blown one party state.

“From every indication, Wike and his co-travellers, are bent on unleashing the same crisis ravaging the third force, Labour Party, and Senator Rabiu Kwankwaso’s Nigerian National People’s Party (NNPP) on the PDP for the APC to remain the only political party in the country, and ensure that Tinubu has no challenger, come 2027,” the Source said.

It would be recalled that Wike has boasted over and again that there’s no opposition against Tinubu’s re-emergence in 2027, and that they have made sure of that. He has been compensated with the Ministerial job after he withdrew support for his party, and supported the APC and Tinubu to emerge as national government.

The Source further revealed that in the attempt to actualize the intended one party  state, a lot of funding is ongoing to ensure that concerned stakeholders are ‘settled’ handsomely.

Wike, prior, during and after the 2023 general elections, has been floating in between the two major political parties; the APC and the PDP. While he claim to still be a member of the PDP, he is functioning as a minister in an APC government, mocking the inability of his party to discipline him.

Political stakeholders have concluded that the outcome of Thursday’s PDP NEC meeting will determine the path Nigeria’s political trajectory will take, and that it may portend the end of multi-party system and political democracy if Wike succeeds in his plan.

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Bribery, Corruption: APC Suspends National Chairman, Ganduje

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The All Progressives Congress ward in Ganduje, Dawakin Tofa Local Government Area, has suspended the party’s National Chairman, Dr. Abdullahi Ganduje.

The party ward legal adviser, Halliru Gwanzo, announced the suspension while addressing newsmen in Kano State on Monday.

Gwanzo cited allegations of bribery against Ganduje levelled by the Kano State Government as the reason for the suspension.

“We decided to suspend Dr. Abdullahi Ganduje from the party due to the seriousness of the allegations against him,” Gwanzo said.

Meanwhile, efforts to contact the Chief Press Secretary to the APC National Chairman, Mr Edwin Olufo, failed as his mobile phone was unreachable.

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Akpabio Commits to Collaboration with Tinubu, Governor Umo Eno

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The President of the Senate, Godswill Akpabio, has stated his commitment to working closely with Nigeria’s President, Asiwaju Bola Ahmed Tinubu, and Governor Umo Eno to ensure the delivery of democratic benefits to the people of Akwa Ibom State.

Akpabio stated this in his country home, Ukana, Essien Udim Local Government Area of Akwa Ibom, while briefing his constituents on the journey so far as their representative in the red chamber.

He assured the people of Akwa Ibom North West Senatorial District of his commitment to their welfare in appreciation of their total support for him, President Bola Tinubu and the ruling All Progressives Congress (APC) in last year’s election.

The Highpoint of the constituency briefing was the distribution of over 10,000 bags of rice and other essentials for his constituents from the wards, to the local governments.

A statement by his Special Assistant on Media, Jackson Udom, quoted Akpabio as saying, “I am here once again, to thank you for standing by me, our President and the party, before, during and even after last year’s elections. I have come to say thank you and also bring Renewed Hope to you all.

“As the President is doing his own, the Senate President is also doing his bit and being complemented by the state governor, Akwa Ibom would be the better for it. We have finished elections and politics, we are now into governance. The governor of the state must touch you, because he is the governor of all the people in the state irrespective of political affiliation.

” As I am touching you now from the political angle, I will also touch the state without any political party affiliation. Most of the projects we are putting in place would be used by people resident in the state. Relax, things are getting better.”

The former Governor of the state, assured his constituents that his current position as the Senate President would be used for the development of the state in collaboration with the President and the Akwa Ibom State Governor.

Hear him: This Senate President is not the one that would be fighting the state government. I will collaborate with , I will collaborate with , to make the state better for us all. We cannot be out of government for a long time. You have to go to a government that carries you along”

Akpabio promised to work for his constituents and Nigeria with all his strength, noting that, “as the President of the Senate, I am for the Southern region and the entire country. I may not come here regularly to tell you what I have been doing for you, but you will be feeling the impact on way or the other. Our unemployed youths would be gainfully employed. I will construct a mini stadium in all the local governments in the district, for our youths to develop their sporting potentials. ”

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