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Buhari Govt Confused, Incompetent to Stem Killings, Says Obasanjo

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Former President Olusegun Obasanjo has again attacked the Federal Government, stating that the President Muhammadu Buhari administration is incompetent and incapable of addressing the killings and poverty in the country.

He argued that the administration was confused and had reached the end of its tether while the nation was being left perilously to drift.

Instead of proffering solutions, the former leader said the government had been wringing its hands and “giving one unrighteous and unacceptable justification after the other.”

Obasanjo said this in a letter read on his behalf at a one-day national summit on insecurity and killings in Nigeria convened by the Northern Elders Forum, Yoruba socio-cultural group, Afenifere, Ohanaeze Ndigbo and Pan Niger Delta Forum on Wednesday in Abuja.

The ex-President, who was represented by a former governor of Osun State, Prince Olagunsoye Oyinlola, noted that Buhari was, by his action and inaction, doing a lot of harm to the nation’s commonwealth and heritage.

In the letter which was addressed to the NEF Chairman, Prof. Ango Abdullahi, the retired general recalled the discussion he had with the elder statesman about the danger to the nation’s democracy when he hosted him (Ango) in Abeokuta some weeks ago.

Obasanjo said, “When you kindly paid me a visit a couple of weeks ago, we deliberated on the danger to our democracy, our common identity, our commonality of purpose, our dream and our unity in diversity.

“We lamented the harm that the present administration of President Muhammadu Buhari, by his action and inaction, has done and is doing to our commonwealth and our common heritage.”

The Owu chief added that the nation had never been so divided along religious and regional lines as being witnessed today.

“The obvious indication is that the government is seemingly confused and has got to the end of its tether and the nation is being left divisively and perilously to drift.

“Earlier last week, I noted in a speech some undesirable elements being allowed and being introduced to our democracy by this administration. If these are not stopped, they could be the death knell of our democracy,” he stressed.

The elder statesman, however, expressed hope that in spite of the unfortunate situation created by the government, his consultations with people had given him hope.

“People are not ready to give up in despair and leave their fate and their present and future in the hands of inept leadership for their lives to be ruined. I see common concern across the nation irrespective of tribe, religion, language and social standing that the situation should be retrieved and the nation should be saved,” he stated.

The former President admonished the elders to continue with the dialogue which he said was necessary to clear misgivings, misunderstanding, misperception, misrepresentation, erroneous beliefs and outdated ideas and concepts.

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US Cancels Visa Processing for Nigeria, Brazil, Russia, 72 Other Countries

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The Trump administration is suspending all visa processing for applicants from 75 countries, a State Department spokesperson said on Wednesday.
The spokesperson did not elaborate on the plan, first reported by Fox News, which cited a State Department memo.
The pause will begin on January 21, Fox News said.
Somalia, Russia, Iran, Afghanistan, Brazil, Nigeria, Thailand are among the affected countries, according to the report.
The memo directs U.S. embassies to refuse visas under existing law while the department reassesses its procedures. No time frame was provided.
The reported pause comes amid the sweeping immigration crackdown pursued by Republican U.S. President Donald Trump since taking office last January.
In November, Trump had vowed to “permanently pause” migration from all “Third World Countries” following a shooting near the White House by an Afghan national that killed a National Guard member.
Source: Reuters

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‘A Friend of a Thief is a Thief’, Defence Minister Warns Gumi, Other Bandit-Sympathizers

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The Minister of Defence Minister, Lt.-Gen. Christopher Musa, (rtd), has warned Sheikh Ahmed Gumi and other persons in the country against including bandits in northern brotherhood.

General Musa, via a statement on Wednesday in Maiduguri, declared: “A friend of a thief is a thief,” warning Nigerians against supporting terrorists and bandits in any form.

He said that the warning statement is neither accidental nor symbolic; explaining that it is a clear response to narratives previously promoted by Sheikh Gumi, who described bandits’ hiding in the bush as “our brothers” and argued that society cannot do without them.

General Musa’s message draws a firm line between compassion and complicity. While empathy has its place, justifying or normalising terrorism only strengthens criminal networks that have devastated communities, displaced families, and claimed innocent lives.

Labeling bandit as “brothers” does not reduce violence it legitimizes and undermines national security efforts.

The Defence minister’s warning serves as a reminder that terrorism thrives not only on weapons but also on moral cover. Anyone who excuses, defends, or shields criminals through words, influence, or silence shares responsibility for the consequences. In matters of national security, neutrality is not an option.

Nigeria cannot defeat banditry and terrorism while dangerous rhetoric blurs the line between victims and perpetrators. The choice is clear: stand with the law and the nation, or be counted among those enabling crime.

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Strategy and Sovereignty: Inside Adenuga’s Oil Deal of the Decade

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By Michael Abimboye

In global energy circles, the most consequential deals are often not the loudest. They unfold quietly, reshape portfolios, recalibrate value, and only later reveal their full significance.

The recent strategic transaction between Conoil Producing Limited and TotalEnergies belongs firmly in that category. A deal whose implications stretch beyond balance sheets into Nigeria’s long-troubled oil production narrative.

For Mike Adenuga, named The Boss of the Year 2025 by The Boss Newspapers, the agreement is more than a corporate milestone. It is the culmination of a long-term upstream strategy that is now translating into hard value barrels, cash flow, and renewed confidence in indigenous capacity.

At the heart of the transaction is a portfolio rebalancing agreement that sees TotalEnergies deepen its interest in an offshore asset while Conoil consolidates full ownership of a producing block critical to its medium-term growth trajectory. The parties have not publicly disclosed the monetary value, industry analysts place similar offshore and shallow-water asset transfers in the high hundreds of millions of dollars, depending on reserve certification and development timelines. What is indisputable, however, is the deal’s structural clarity: each partner exits with assets aligned to its strategic strengths.

For Conoil, the transaction represents something more profound than asset shuffling. It is the validation of an indigenous oil company’s ability to operate, produce, and partner at scale. That validation was already underway in 2024, when Conoil achieved a landmark breakthrough: the successful production and export of Obodo crude, a new Nigerian crude blend from its onshore acreage.

In a country where new crude streams have become rare, Obodo’s emergence signalled operational maturity. More importantly, it shifted Conoil from being perceived primarily as a downstream and marginal upstream player into a full-spectrum producer with export-grade assets.

The commercial impact was immediate. Obodo crude enhanced Conoil’s revenue profile, strengthened cash flows, and materially improved the company’s asset valuation.

For Mike Adenuga, Obodo represented something else entirely: oil income with scale and durability. Producing crude shifts wealth from theoretical to realised. It is the difference between potential and proof.

That momentum was reinforced by Conoil’s acquisition of a new drilling rig, a move that underscored its intent to control not just resources, but execution. In an industry where rig availability often dictates production timelines, owning modern drilling capacity gives Conoil a strategic advantage lowering costs, reducing dependency, and accelerating development cycles. It also enhances the company’s bargaining power in partnerships such as the one with TotalEnergies.

Taken together, the Obodo crude success, the rig acquisition, and the TotalEnergies transaction, these moves materially expand Conoil’s enterprise value. While private company valuations remain opaque, upstream assets with proven production, infrastructure control, and international partnerships typically command significant multiple expansion. For Adenuga, all of these represents a stabilising and appreciating pillar of wealth.

As The Boss Newspapers honours Mike Adenuga as Boss of the Year 2025, the recognition lands at a moment when his oil ambitions are no longer peripheral to his legacy. They are central. In Obodo crude, in steel rigs, and in carefully negotiated partnerships, Adenuga is shaping a version of Nigerian capitalism that privileges patience, scale, and execution over spectacle.

In the end, the most powerful statement of wealth is not net worth rankings or headlines. It is the ability to convert strategy into assets, assets into production, and production into national relevance. On that score, the Conoil–TotalEnergies deal may well stand as one of the most consequential chapters in Mike Adenuga’s business story and in Nigeria’s evolving oil future.

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