Headline

Just In: Lagos Energy Commissioner Resigns, Joins PDP

Published

7 years ago

December 5, 2018

Eric

The Lagos State Commissioner for Energy and Mineral Resources, Oluwo Olawale, has resigned.

In his resignation letter, which he submitted to the APC chairman in Lagos State, Oluwo said his decision was based on the conduct of the party’s primary election which resulted in the defeat of Lagos State governor, Akinwunmi Ambode.

Oluwo said he was not only resigning his position as a commissioner, but also leaving the APC.

He claimed to have submitted a similar letter to Ambode.

The letter to the chairman of the party, dated December 3, read in part, “My decision to resign is not unconnected with the events of the last few weeks which have created a heavy moral burden for me. I have found it rather difficult to come to terms or rationalise the party’s conduct of the October 2018 primary election which were largely characterised by massive voters’ disenfranchisement, intimidation, violence, undue influence and non-compliance with all known principles of democracy.

“In the particular case of the governorship primary, which was conducted using the ‘open ballot’ option in violation of the guidelines of the APC that specified that the ‘open secret ballot’ option, it is clear to me that the vote principles of competence, merit, justice and fairness have been sacrificed by the APC on the altar of political expediency,”

Wasiu later revealed that hr has joined the Peoples Democratic Party candidate, Jimi Agbaje. Tweeting “I will be joining the PDP latest by weekend to work for my friend and brother – Mr. Jimi Agbaje in the struggle to free Lagos……#istandwithjimi”

Headline

Defence Gulps Lion Share As Tinubu Presents N58.47trn 2026 Budget to NASS

Published

8 hours ago

December 19, 2025

Eric

President Bola Tinubu has presented a budget of N58.47 trillion for the 2026 fiscal year to a joint session of the National Assembly, with capital recurrent (non‑debt) expenditure standing at N15.25 trillion.

Tinubu presented the budget on Friday, pegging the capital expenditure at N26.08 trillion and putting the crude oil benchmark at US$64.85 per barrel.

He said the expected total revenue is N34.33 trillion, projected total expenditure: N58.18 trillion, including N15.52 trillion for debt servicing. The budget is N23.85 trillion, representing 4.28% of GDP.

The budget was anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of N1,400 to the US Dollar for the 2026 fiscal year.

In terms of sectoral allocation, defence and security took the lion’s share with N 5.41 trillion, followed by infrastructure at N3.56 trillion.

Headline

Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

Published

2 days ago

December 18, 2025

Eric

Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles.

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

Headline

Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

Published

2 days ago

December 18, 2025

Eric

Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.