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I’m Not Bothered About Defections – Buhari

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President Muhammadu Buhari said Sunday night that he was not bothered about the defections in the ruling All Progressives Congress (APC).

The president made his feelings known while responding to a question during an interactive session with the Nigerian community in Togo at the Nigerian Embassy, Lome, Togo.

Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, who disclosed this in a statement in Abuja on Monday, quoted the president as saying that most Nigerians appreciated the performance of his administration.

President Buhari said: “I am not bothered about the defections. Ordinary Nigerians have developed confidence in us and are defending us.

“I assure you, majority of Nigerians back home are appreciative of our efforts.”

While expressing delight in seeing the Nigerians who had travelled from the five regions of Togo to welcome him in Lome, President Buhari said he was pleased to hear them commend the performance of his administration.

He assured them that his administration had remained steadfast in keeping to its three campaign promises of providing security, improving the economy and fighting corruption.

The president noted that if past governments had utilised even 25 per cent of the huge oil revenue available to them, Nigerians would not be complaining today.

He cited the16 billion dollars reportedly spent on electricity and yet Nigerians could not see the power.

He, however, restated his administration’s commitment to providing critical infrastructure, providing loans to farmers thereby cutting rice importation by more than 90 per cent.

President Buhari said all recovered illegally acquired assets would now be sold and the money paid into the treasury in the administration’s renewed anti-graft campaign.

“I assure you that we are making progress in security as some displaced farmers are returning to their farms.

“We will continue to work very hard for our dear country,” he stressed.

In his welcome address, the Nigerian Ambassador to Togo, Joseph Iji, said the close to two million Nigerians in Togo were law-abiding and peaceful.

He, however, drew the president’s attention to the inability of the Nigerian Mission in Lome to issue Nigerian passports, making applicants to go to Ghana or Benin Republic.

Representatives of top bank executives, who spoke at the event, commended the economic policies of the Federal Government especially the Ease of Doing Business, agricultural revolution and anti-corruption campaign,

According to the presidential aide, other leaders of the Nigerian Community at the event also lauded the discipline, transparency and accountability that the current administration has introduced into governance.

“They also called for government assistance towards the completion of community’s on-going school building project in order to overcome the lack of good English schools in that country,’’ he said.

On its part, the APC Togo Chapter, told President Buhari not to be worried about the defections from the party, assuring him of its support in the 2019 presidential election.

The News Agency of Nigeria (NAN) reports that the meeting with the Nigerian Community was the President’s first official engagement on arrival in Lome ahead of the Joint ECOWAS/Economic Community of Central African States Summit.

President Buhari will also be participating in the 53rd Ordinary Session of the ECOWAS Authority of Heads of State and Government, among others.

(NAN)

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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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