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Defections: No Going Back to APC, Reps Declare

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Members of the House of Representatives, who defected to the Peoples Democratic Party on Tuesday, have described as laughable the dream of the APC that they will make a U-turn and return into its fold.

They said God had already forbidden that such a thing should happen.

The members noted that the decision to dump the ruling party didn’t come easy but it came anyway, after they had weighed all other options and concluded that defection was the best.

Their reactions came on the heels of fresh reconciliation moves by the APC and alleged offer of return tickets to the members to contest the 2019 polls.

Thirty-seven lawmakers had on Tuesday defected from the APC. Thirty-two of the lawmakers defected to the PDP, while four members moved to the African Democratic Congress.

One member has yet to name his new party.

The Coordinator of the 32 defectors, Mr. Razak Atunwa, reacted angrily to the thought of returning to the APC.

Atunwa, who is the chairman, House Committee on Justice, said the APC had “limited understanding” of governance, a reason the party reduced the defection to just return ticket.

He said, “Ticket or no ticket, this is a decision that we have taken and we know this is the best.

“We are talking about fundamental national issues, lack of good governance and generally, a government that has failed to deliver on its promises to the Nigerian people.

“When you reduce it to ticket, you make this whole fight look unserious or merely which party has majority or not majority. We are talking about a government that has failed.”

Several other defectors shared Atunwa’s views.

One of them, Mr. Bode Ayorinde, told Saturday PUNCH that God would not allow the members to return to their “vomit.”

He stated that there was no way the APC would attract anyone, considering the alleged injustice being perpetrated in the party.

“God forbids bad thing; that I should return to APC. What for?” Ayorinde added.

Meanwhile, the Peoples Democratic Party says the President Muhammadu Buhari’s Presidency has become a citadel of liars where deceptive lies are churned out daily to beguile Nigerians.

The party was reacting  to a presidency statement credited to the Special Adviser to the President on National Assembly Matters, Senator Ita Enang, claiming that members of the National Assembly who defected to the PDP from the All Progressives Congress had agreed to work for Buhari in the 2019 election.

Dispelling the submission as a hallucination of a failing government, the National Publicity Secretary of the PDP, Mr. Kola Ologbondiyan, said the Buhari presidency had become so jittery over its alleged imminent loss of the 2019 election.

He said this was why it had allegedly made recourse to what he called bare-faced lies and childish blackmail.

He, however, said such would not save the disintegrating APC from drowning.

Ologbondiyan, in a statement in Abuja on Friday, maintained that those who deserted the alleged sinking ship of the APC did so in protest against the incompetence of President Buhari leading to the unabating killings, bloodletting and biting economic hardship across our nation in the last three years.

The Punch

 

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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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