Connect with us

Featured

Uduaghan Dumps PDP for APC, Gives Buhari Credit

Published

on

The immediate past governor of Delta State, Dr. Emmanuel Uduaghan, who has officially dumped the Peoples Democratic Party for the ruling All Progressives Congress, said he ditched his former party owing to President Muhammadu Buhari’s “passionate” interest for the development of the Niger Delta region.

Uduaghan in a statement made available to our correspondent on Wednesday morning and titled “Moving On To The Bigger Playing Field”, the former governor noted that despite Buhari inability to score the required 25 per cent in the 2015 election in the region, he has given direct focus to the development of the region.

While listing some of the development efforts by Buhari’s government, Uduaghan said, “Since the inception of the current All Progressives Congress, APC, administration at the federal level, there has been an encouraging interest and activities by President Muhammadu Buhari to bring a permanent solution to the Niger Delta crisis. This has pointed in a direction that is at once progressive and developmental.

“Topmost in these activities are the ‘Engagement Processes.’ Rather than using the military to harass our people, the Buhari administration has embarked on various engagement processes that have led to agreements and brought hope to the people of the Niger Delta. In the last years, Mr. President has personally engaged several regional leaders and youths. Senior officials of his administration also engaged many Niger Delta leaders and youths.

“Very significant is that Mr. President mandated the Vice President Prof Yemi Osinbajo SAN, to visit virtually all the oil producing states, engaging various stakeholders. This is unprecedented in the history of the region. Such engagement processes have brought some measure of peace in the Niger Delta. Things can only get better.”

The former governor who is contesting the Delta South Senatorial District in 2019, called on leaders in region to support efforts being made by the present administration to bring lasting peace to the area, adding that his defection to the APC was to offer such support.

“In this era of partisan politics, it is necessary for the people of the Niger Delta, and Delta State in particular, to identify more with the Federal Government led by the APC. By so doing, we can push some of the agreements between our leaders and the Federal Government through, and also engage the government to do more. Politics is about interests.

“The Niger Delta is a major area of interest for me, because I staked my life going into the creeks severally without security and sometimes coming back at night negotiating peace. I will, therefore, give the strongest support to any President that shows commitment in the affairs of the Niger Delta.  I call on, and enjoin, other well-meaning leaders in the region, who have very useful contributions to make, to come on board and join hands in helping this Federal Government to pursue a robust development agenda that would uplift our people. Whatever milestone that appears not to have been achieved yet is not for lack of efforts. Joining hands with and supporting the process will lead to a faster delivery on expectations.

“It is in the pursuit of this noble objective that I’m offering myself to help drive a process that would give the lives of our people in the Niger Delta more meaning. President Muhammadu Buhari needs people who will join hands with him to uplift our people. From my political experience, you have to be well represented and actively so at the “board room” when decisions are being taken. Delta State must be well represented. Niger Delta must be well represented” the statement added.

Uduaghan, who thanked leaders and members of his former party for urging him to stay, added that he prayed fervently divine direction before agreeing to leave the PDP where he served as commissioner, Secretary to the State Government and two-term as a governor.

“I have, therefore, after series of consultations and prayers, taken the decision to leave the PDP and join the APC. In doing this, I want to thank the numerous leaders, supporters and interest groups that have been urging me to remain in PDP. I am happy that after explaining some of the deeper issues to you, some of you that are politicians have agreed to join the APC in the near future.

“So I am going into APC as “John the Baptist” to the numerous Deltans that are coming in, soon – very soon.”

The Punch

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Featured

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

Published

on

By

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

Continue Reading

Featured

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

Published

on

By

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.

Continue Reading

Featured

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

Published

on

By

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.

Continue Reading

Trending