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Resign As Senate President, Oshiomhole Tells Saraki

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The National Chairman of the ruling All Progressives Congress, Adams Oshiomhole, and some senators elected on the platform of the party led by the Senate Leader, Ahmed Lawan, on Wednesday met behind closed doors with President Muhammadu Buhari at the Presidential Villa, Abuja.

The meeting came amidst the gale of defections being witnessed in the party.

Oshiomhole told State House correspondents at the end of the meeting that the right thing for the President of the Senate, Bukola Saraki, is to vacate his seat, having left the party.

Oshiomhole said it was a matter of honour for Saraki to leave “the crown in the family it belongs to.”

Oshiomhole said, “But whatever is the reason, we can defect from the party but we can’t defect from Nigeria. The only thing is that there are other consequential issues that every man or woman of honour who had taken such decisions would be expected to follow through.

“I mean you should not collect a crown that belongs to a family and wear it on behalf of the family if for your personal reasons which he has enumerated that he has gone to another family.

“It is just a matter of honour to leave the crown in the house that the crown belongs to.

“As it stands even now, the APC is still the largest party in the Senate. We have 53 senators, that is much more than what the PDP has, or APGA has.”

The former Edo State governor said nobody in the party would be surprised by the decisions of those who defected because the signs were clear before now.

He however admitted that it was a tempting moment for the party.

He added, “Nobody in the APC will be surprised about the development. In fact, they have stayed a little bit longer than we thought. Last week, the Kwara State governor said he was leaving but he didn’t say when. So, we are not surprised at all. But these are what I might call temping moments because I had faced similar situations in my state, when people were leaving.

“But the beauty of democracy is that whether big or small, it is one man one vote on election day. There is no difference between a senator, a president, a journalist and any other person.

“In a sense, we have to accept that once a couple for one reason or the other find out that they are not compatible, the only honourable thing is to go.”

Oshiomhole, however, said he was happy that Saraki admitted that he and Vice-President Yemi Osinbajo as well as some state governors tried their best to resolve the matter that led to his exit.

”But he argued that those efforts came too late. But I couldn’t have started acting before I was born,” the party chairman said.

While admitting that there were lessons to be learned from the development, Oshiomhole said going forward, he would expect the system to get stronger to the extent that it was able to learn the correct lessons and take the correct steps.

The Senate Leader on his part called on his colleagues in the National Assembly to reconvene from their vacation to pass the budget of the Independent National Electoral Commission presented by the President.

Lawan said the legislators had pledged their commitment and loyalty to the party and the President.

He said they would remain true and genuine representatives of their people and would not do anything that was not in the interest of the people and the present administration.

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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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