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Pendulum: Shagari, Dangote, Otedola and Too Many Matters

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By Dele Momodu
Fellow Nigerians, this is one of those weeks when what you never planned decides to jam what you already planned. I had planned to write on my encounter with one of the youngest Presidential aspirants, Fela Durotoye, who visited me at home recently with his very creative wife, Tara. We spent some quality time together and I’m sure we were all able to gain better insight about the Nigerian political vista from that encounter. I had cause to speak to Fela again after I got wind of some situations affecting his campaign. I was able to give him some more tips on how to forge ahead with his campaign and not get disillusioned. We’ve come a long way together as Ife boys, though much younger than me, but he’s always felt totally at home with me on anything concerning him and his wife. He calls his wife my baby and she’s playing a very pivotal role in this campaign. It is through her that I’m able to track and measure Fela’s progress.
Anyway, as I sat down to write yesterday in the tranquil city of Accra, Ghana, I received an incredible “breaking news” from a friend. “Aliko Dangote and Femi Otedola have been named as prominent members of the Buhari Presidential campaign team”, he shouted. WHAT, I exclaimed. This drama is getting too much and too hot to handle, I mused. Nigeria’s ruling party, APC, released a comprehensive list of its political campaign team and the news was designed to send shivers down the spines of opposition parties. I was not very surprised at their idea of muscle-flexing. This is the season when every political party needs to show its influence and advertise its powerful supporters as a way of intimidating its opponents. My shock came from the mention of two of Nigeria’s biggest brands and very popular entrepreneurs. There is nothing new about businessmen going into politics. But I’m not sure if Aliko Dangote and Femi Otedola are members of APC, and at what point they joined the party. Indeed, I seriously doubt it.
What was more, I was worried about the possibility of these two men with immense exposure to international commerce becoming politically exposed and endangered men instantly. It has not been possible, as at the time of writing this, to ascertain that they were contacted prior to the announcement and if they actually accepted to serve in whatever capacity as Buhari’s campaigners. My personal opinion is that APC should have spared these men the agony and anguish of being dragged into Nigeria’s political brouhaha with attendant risks of a heavy backlash and collateral damages. If they both are friends and financial supporters of President Buhari, their privacy should have been protected and preserved, unless of course they volunteered their services. What the APC did yesterday was to play its biggest card so early and too soon. My opinion is that it is absolutely unnecessary and that even if these men accepted the offer under veiled threats or real coercion, it still won’t wish away or wash off the concomitant embarrassment and public odium. No government should treat its precious assets in this manner. There is no doubt that businessmen can be mentioned as donors and contributors to political campaigns. This happens all over the world and indeed, these businessmen also sometimes write in support of those parties. What shouldn’t happen, if they are not members of a political party, is to coral or railroad them into that party’s campaign team simply because that party is the ruling party!
These are not normal times. The political situation in Nigeria has been too tense. I was still ruminating over how to respond to this Aliko/Otedola controversy when I received another bombshell, that Nigeria’s President in the Second Republic, Alhaji Shehu Usman Aliyu Shagari has just passed on to the great beyond. Once confirmed, I quickly tweeted a condolence message to his family. I was 19 years old when he became President on the platform of the National Party of Nigeria. I was an undergraduate student at the University of Ife in 1979 and was old enough to follow the chaotic fallout from that election which turned out to be a major contest between Shagari and the famous political sage and erudite lawyer, Chief Obafemi Awolowo. I will never forget the court case that ensued about the legal interpretation of the mathematical calculation of what constitutes the two thirds of all the States of the Federation at the time. According to the results of that monumental election released by the Federal Electoral Commission, popularly known then as FEDECO, Shagari had garnered 5,688,857 votes nationally while Awolowo scored 4,916,651 votes. The argument ensued that Shagari had not met the technically complicated Constitutional requirement of needing to have 25% of the votes cast in at least two-thirds of all the 19 States. Although he did not contest the total figures, but rather relied on technicality, Awolowo vehemently rejected the victory purportedly recorded by Shagari and prayed the courts to jettison the decision of the Election Tribunal that had given victory to Shagari.
The case which went all the way to the Supreme Court would go down as one of the most tempestuous cases in the entire legal history of Nigeria. The biggest mathematical problem arose when Chief Awolowo insisted that a State was single entity which could not be factionalised and as such, Shagari needed to have won the mandatory 25% in 13 States and not in the fabricated twelve and two-third States as rigorously argued by Shagari’s lawyer, Chief Richard Osuolale Akinjide (SAN) who eventually won the case on September 26, 1979. At the Supreme Court, the case was presided over by Justice Atanda Fatai-Williams who was flanked by Justices Irikefe, Bello, Idigbe, Obaseki, Uwais and Esho.
Days later, Shagari was promptly sworn in, but the controversy raged on, almost endlessly and still does amongst academics to this day. Shagari thus became Nigeria’s first Executive President. Four years on, Shagari’s government was already enmeshed in reckless profligacy and humongous resources were frittered away. The climax came for that government in 1983 when Shagari and his magicians, supported by the then Inspector General of Police, Sunday Adewusi, won elections in even impossible places in what was termed “land slide” and “moon slide.” All complaints were ignored, and it seemed the politicians could really not be bothered. The consequences of their folly in believing they were invincible manifested itself about three months later when the military struck in a coup d’etat on December 31, 1983, and Muhammadu Buhari was soon announced as the new Head of State.
Buhari’s government wasted no time in ordering the arrests of virtually all key actors in politics. His detractors claimed that he was more benevolent to the Northern politicians, in the punishments meted to these politicians and that those from the southern parts of the country suffered the most. Whatever, the truth and motives may be, Buhari and his able lieutenant, Tunde Idiagbon, declared a massive war against corruption and indiscipline. Shagari was kept under house arrest while his deputy, Vice President Alex Ekwueme, who died earlier this year was hauled into Kirikiri Maximum Prison without any cogent justification. A very audacious attempt was made to cargo Umaru Dikko, one of the most powerful Shagari Ministers back to Nigeria from London in a coffin but Dikko was lucky as an alarm went out before he could be air-lifted.
It is a strange coincidence that Shagari was toppled at the tail end of December 1983 and he died yesterday towards the tail end of December 2018. Interestingly, President Buhari flagged off his re-election campaign in Uyo, Akwa Ibom, yesterday. It would be interesting to read what Buhari would have to say about a man he once overthrew in a military coup.
There was other news that broke yesterday. A picture came from the Presidential villa, in Abuja, that President Buhari has finally endorsed his Party’s Governorship candidate. I watched as the President and former Governor of Ogun State, Chief Olusegun Osoba, raised up the hands of oil baron, Dapo Abiodun, the candidate officially recognised by APC in a show of recognition of this noble, illustrious and industrious candidate. For the records, the incumbent Governor of Ogun State, Senator Ibikunle Amosun, had strongly asserted that he would not recognise Dapo Abiodun as he won through a kangaroo arrangement with highly placed party apparatchik. Indeed, prior to this event, Amosun had tried hard to sell his anointed candidate, Abiodun Akinlade, who is now running on the platform of another party. As if this was not bizarre enough, another photograph flew in from the direction of Akwa Ibom where the President started his campaign and sat next to Governor Amosun on the Presidential jet back to Abuja. It appeared like a power show between the various camps of Amosun, Adams Oshiomhole, Tinubu and Abiodun, the quartet that are embroiled in this war of attrition between old friends. It is not known how substantial Chief Osoba’s role has been in this dizzying saga. But Ogun State seems to be setting new records in political conundrum.
STOP PRESS
Just as I was about reaching the end of this week’s article, another news flew in on Dangote. Femi Adesina, the Special Adviser issued what is obviously a disclaimer on the appearance of Aliko Dangote on the Presidential Campaign Council. According to Adesina:
“It has become imperative to further clarify the status of Alhaji Aliko Dangote, named under the sub-head ADVISORY MEMBERS in the All Progressives Congress (APC) Presidential Campaign Council announced on Friday, December 28, 2018.
Africa’s richest man, not being a card-carrying member of APC, cannot, and is not member of the PCC. He is also a member of the Peace Committee, and thus cannot be in a partisan campaign council.”
Adesina was silent on the fate of Aliko’s friend, Femi Otedola. The APC government needs to do more homework before publishing names anyhow. This type of expensive joke could have been avoided if they were not in a hurry to name-drop those names that were published yesterday. This was a massive own goal which could have reverberations and repercussions not just on the political scene, but in local and international business circles. There were reports that many of those names included in the list heard about their roles on social media. I think it is grossly unfair and totally unfortunate to drag people’s hard-earned reputation in the mud in order to score political points.
I do not envy some of the people mentioned. But at least, most of them are politicians and it may be being on the campaign team will help resurrect some dying and dead political careers! What this team will do to the fortunes of the APC is another matter.
As always, time will tell!

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Otunba Adekunle Ojora: Farewell to a Good Man

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By Eric Elezuo

The curtain dropped on the elitist life of prominent Lagosian, traditional custodian, boardroom guru, refined journalist and elaborate philanthropist, Otunba Adekunle Ojora, on January 28, 2026, bringing to an over nine decades of spreading good tidings, prosperity, unity and humanity. He was 93 years.

His death was announced via a statement by his daughter, Mrs Toyin Ojora-Saraki, on behalf of the Ojora Family, saying he died early in the morning in full submission to the will of Almighty Allah (SWT)

“With total submission to the will of Almighty Allah (SWT), the Ojora family of Lagos hereby announces the passing of our beloved patriarch, Otunba Adekunle Ojora, the Otunba of Lagos and Lisa of Ife, who returned to his creator early this morning.

“We say Alhamdulilahi for a life well lived, and we comply with Allah’s words: ‘Surely, to Allah we belong, and to Him we will all return’ (Q2:156),” the statement reads.

A distinguished businessman, people-oriented-person, the Olori Omo Oba of Lagos and the Lisa of Ife, Adekunle Ojora’s passing came with a much ancipated heartbreak, wailings and regrets, among his hugely extended family members, circle of friends, mentees, colleagues in and across business and traditional terrain, associates and the well impacted general public.

With the announcement of his death came the heavy traffic of personalities, dignitaries and nobles to his Ikoyi palatial home, where his adorable wife, Ojuolape Ojora, and one of his distinguished daughters, Mrs Toyin Saraki, who is the wife of the former Senate President, Bukola Saraki, played significant hosts.

President Bola Tinubu was one of the first mourners with a statement signed by his spokesperson, Bayo Onanuga, acknowledging the dimunitive personality of the deceased, noting how he had affected humanity in a positive light.

Tinubu commiserated with the government and people of Lagos State, as well as the Ojora and Adele royal families.

“The passing of Otunba Ojora is a significant loss to the country, the private and public sectors, and traditional institutions,” the President said, describing the late industrialist as a man whose life was defined by humility, perseverance, hard work and generosity. He further noted that his values shaped his long and distinguished career.

“He remained a towering figure whose counsel and experience benefited institutions at both national and subnational levels,” Tinubu added.

In his condolence message, former President Olusegun Obasanjo described Ojora’s death as painful, saying his absence would be difficult to fill, according to a statement released by his Special Assistant on Media, Kehinde Akinyemi.

The ex-president described Ojora as “an amiable and distinguished Nigerian who, during his lifetime, built a remarkable legacy of integrity, wisdom, and unwavering dedication.”

“By his death, the country has lost a notable captain of industry and commerce, but there is no doubt that his memory lingers on through his many landmark contributions to the development of the South-West zone in particular, and the country in general,” Obasanjo added.

He also stated that “He was a remarkable entrepreneur whose vision, determination, and resilience added value to the community and to hundreds of families who depended on his commercial activities. He was a role model and exemplar whose personal life and achievements inspired a generation of entrepreneurs, industrialists, and merchants. Over the years, with his wise counsel, unquestioned strength, and gentle guidance, Otunba Ojora commanded respect and reverence, and took particular pleasure in mentoring younger men and women to succeed in life.”

Also reacting, a former Minister of Communications, Major General Tajudeen Olanrewaju (Rtd) described Ojora as a “veteran journalist and boardroom titan”.

The former General Officer Commanding (GOC) 3 Division Nigerian Army noted that he made positive contributions to the industrial and entrepreneurial sectors of the economy, lightened up the social fabric of his time in Lagos, in particular, and across our nation.

Among dignitaries that called to the home of the Ojora’s to express heartfelt condolences were the Governor of Osun State, Senator Ademola Adeleke and his elder brother, Dr. Deji Adeleke; Africa’s richest man, Alhaji Aliko Dangote, Mr. Femi Otedola and former governor of Akwa Ibom State, Udom Emmanuel.

As a revered Muslim, versed in Islamic doctrines, the nonagenarian’s burial followed the very next day, drawing an avalanche of well wishers and mourners to the Central Mosque, on Lagos Island, where the funeral rites or the Janazah, led by the Chief Imam of Lagos, Sheikh Sulaiman Abou-Nolla, and assisted by other prominent Islamic clerics, were conducted, and finally to the Vaults and Garden, Ikoyi, where the remains were committed to mother-earth. The events were a meeting point of some sort, as they drew together prominent Islamic scholars, family members, political bigwigs and other distinguished guests.

A roll call of the elite callers at the events include the deceased’s wife, Erelu Ojuolape Ojora; his daughter, Toyin Ojora-Saraki, and her husband, former Senate President and Kwara State Governor, Bukola Saraki. Also in attendance were Lagos State Governor Babajide Sanwo-Olu, former Ogun State Governor Ibikunle Amosun, former Speaker of the Kwara State House of Assembly Ali Ahmad, former PDP National Chairman Kawu Baraje, Mufti of Ilorin Sheikh Sulaiman Onikijipa, and National President of Ansar-Ud-Deen Society of Nigeria Prince Adeniji Kazeem.

The burial ceremonies began with a recovery of the remains, which were borne by pallbearers for a burial procession before it was a motorcade bore it to the venue of the Janazah.

The long convoy of dignitaries that accompanied the body to the mosque spoke volumes of the personality of Adekunle Ojora. As the solenm approached, Imam Sulaiman Abou-Nolla led the congregation in prayers, asking for the repose of the siul of the deceased.

At the conclusion of the prayers, the body was conveyed to the Ikoyi Vault, where pallbearers and Muslim Ummah as well selected members of the family and notable dignitaries accompanied the remains,  amid chants, to its final resting place.

THE MAN, OTUNBA ADEKUNLE OJORA 

The highly principled businessman was born Isiaq Adekunle Ojora on June 13, 1932, into the distinguished Ojora Royal Family of Lagos, where he grew with a deeply-rooted tolerance for the history, culture and traditional governance of the Yoruba race and Lagos in particular.

His lineage placed him among the foremost royal families in the state, a heritage he upheld with dignity throughout his long life. Over several decades, he emerged as one of the most influential figures within Lagos’ traditional institutions, commanding respect across royal, cultural and civic circles.

Ojora was a member of the Ojora and Adele royal families of Lagos and was himself the holder of the chieftaincy of the Otunba of Lagos. He studied journalism at Regent Street Polytechnic, with the intention of developing a career in journalism. He started work as a staffer at the BBC where he rose to become an assistant editor.

In 1955, he switched his services to the Nigerian government as a reporter with the Nigerian Broadcasting Corporation. He was soon transferred to Ibadan as an information officer in the office of the regional premier. Ojora’s stint with NBC lasted until 1961 when he took up appointment as the public relations manager at United African Company.

Ojora soon developed interest in the commercial units of enterprises, he became an executive director of UAC in 1962. After a military coup truncated the first republic, Ojora was nominated as a member of Lagos City Council in 1966. A year later, he was given political appointments in two government agencies, in 1967, he was managing director of WEMABOD, a regional property and investment company and also in 1967, he succeeded Kola Balogun as chairman of Nigerian National Shipping Line.

After leaving WEMABOD, he became an investor in various firms including AGIP petroleum marketing and NCR Nigeria. He also founded the private firms Nigerlink Industries, Unital Builders and a holding company Lagos Investments. After the Nigerian Enterprise Promotion Act, he took equity interest in some foreign companies operating in Nigeria such as investments in the Nigerian operations of Bowring Group, Inchape, Schlumberger, Phoenix Assurance, UTC Nigeria, Evans Brothers and Seven-Up. He married Erelu Ojuolape, and among their children is Toyin Saraki.

Beyond royalty, Otunba Ojora was widely regarded as a bridge between tradition and modern governance.

The Otunba Adekunle Ojora would be remembered as a quintessential gentleman,  astute businessman, excellent in speech, dignified in conduct, and deeply respected across generations.

For as many as those who know him, Ojora has for decades, remained a familiar and revered presence in elite social and cultural spaces, where his highly sought-after counsel and calm disposition have proved relevant and needful.

He is also known for his refined lifestyle and strong family values, an embodiment of a “brand of old-school nobility that earned him admiration well beyond wealth or status. He was often described as a man of honour whose life reflected discipline, tradition, and unwavering integrity.

Otunba Adekunle Ojora is survived by his wife, Erelu Ojuolape Ojora, his children, grandchildren and great-grandchildren.

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Incumbency Factor Will Not Determine 2027 Election, Atiku, Obi, Others Talk Tough

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The 2027 general elections will not be determined by incumbency, control of State power or wave of political defections, opposition leaders have declared.

They argued that voter choice, opposition unity, and the integrity of the electoral process would ultimately decide the outcome.

The opposition leaders made the declaration at the public launch of  “The Loyalist,’’ a memoir by National Publicity Secretary of the African Democratic Congress, ADC, Bolaji Abdullahi, in Abuja.

The event drew a wide mix of opposition leaders, former public office holders, lawmakers, intellectuals and party stakeholders.

Speakers included former Vice President, Atiku Abubakar; former Anambra State governor, Peter Obi; former Minister of Interior and ADC National Secretary, Rauf Aregbesola; former Senate President and ADC National Chairman, David Mark, and veteran columnist and public intellectual, Hakeem Baba-Ahmed, who reviewed the book.

Although convened as a book presentation, the gathering quickly assumed a strong political tone, with speakers repeatedly returning to the issues of opposition unity, leadership responsibility, and the limits of incumbency power, ahead of the next general election.

Addressing what he described as a growing misconception in Nigerian politics, Aregbesola argued that governors and incumbents do not automatically determine election outcomes.

Drawing on the 2023 electoral results, he said the belief that political office guaranteed victory was not supported by evidence.

“The fact that certain governors are defecting to the APC shows that our unity is weakened, but the statistics do not support the belief that governors win elections,” Aregbesola said.

Using the South-West as an example, he said ruling party dominance at the state level had not translated into overwhelming electoral success.

“In the South-West, the APC controlled all the states except one, yet the maximum performance of the party was 55 per cent, with the other parties sharing the rest,” he said.

On his part, former Vice President, Atiku Abubakar, speaking as special guest of honour, linked the political moment to the theme of the book, describing loyalty as both a moral test and a personal burden in public life.

Atiku, who noted that his participation was informed by his own role in the political history examined in the memoir, said: “I am honoured to be part of this launch because I was also involved in the eventual inauguration of the Bukola Saraki administration, which this book deals with in very great detail.’’

He praised the author for taking on difficult questions about loyalty and conscience, saying “this is a work that dares to question loyalties, illuminate conscience, and broaden our public imagination.’’

Drawing a contrast between military discipline and political life, Atiku said loyalty in politics was rarely absolute and often exacted a heavy price.

“For those of us who come from the military and paramilitary professions, loyalty is non-negotiable; there is only absolute obedience. But in political life, loyalty is not as rigid, and it comes with consequences,” he said.

The former vice president also spoke candidly about his own experiences.

“Many of us have suffered because of loyalty. I have faced exile as a result of loyalty. I have survived assassination attempts as a result of loyalty,” he said.

Atiku warned that loyalty should never become blind allegiance, adding that “loyalty should strengthen the common goal, not narrow the circle of belonging.’’

Similarly, a former Governor of Anambra State, Peter Obi, who arrived late due to flight delays from Lagos, apologised for not observing traditional protocol before addressing the audience.

Obi also signalled political solidarity and regional commitment, saying: “I have been directed to represent the South-East, and I want to assure you that you will not be disappointed.’’

In one of the most direct political moments of the event, the author, Bolaji Abdullahi, appealed to opposition leaders to rise above rivalry and present a united front, ahead of 2027, adding that Nigerians were ready for change, though political leaders were not yet matching that urgency.

“For 2027, Nigerians are ready. But I don’t think we are ready. Nigerians look at us and see different enclaves and different entities. They see competition, rather than cooperation,” Abdullahi said.

Reviewing the book, Hakeem Baba-Ahmed said it initially provoked skepticism but ultimately impressed him.

“I brought to the book some prejudice and heightened curiosity. I expected the author to fall on his face somewhere. I was wrong,” he said.

He described the memoir as revealing and historically significant.

“This book is easily one of the most readable and revealing books I have read in a long while. It captures the essence of our contemporary social and political character,” Baba-Ahmed said.

Former Senate President, David Mark, described the task of rescuing Nigeria as a shared responsibility and praised Abdullahi’s character.

“He is a straightforward person. Even when I disagreed with him, his advice was always adopted,” Mark said.

He also clarified the long-standing controversy around the Doctrine of Necessity, saying “it was the sole responsibility of the Senate and had nothing to do with Kwara State or anyone from Kwara State.’’

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Coup: Investigators Widen Probe Scope to Unmask Civilian Financiers

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Fresh intelligence details have surfaced on the foiled coup attempt against President Bola Tinubu’s administration, shedding light on how a serving Army Colonel allegedly assembled a covert, cross-service network to undermine the constitutional order before security agencies moved in.

The Defence Headquarters had announced the arrest of 16 officers for acts of indiscipline and breaches of service regulations, following weeks of quiet tension within the Armed Forces.

In October 2025, rumours of an alleged coup plot against President Tinubu’s administration spread across social media. At the time, the Defence Headquarters (DHQ) dismissed the claims as “false and misleading,” yet the sudden cancellation of the Independence Day parade fuelled speculation about deeper security concerns.

However, fresh findings from an interim investigation report, sighted by Punch Newspapers, suggest that the alleged architect of the plot was a Colonel whose repeated failures in promotion examinations reportedly bred resentment and alienation. Rather than nursing his grievances quietly, he is said to have turned them into a recruitment tool, drawing officers from the Army, Navy and Air Force into a loose but coordinated network.

According to the report, members of the group were allegedly assigned to discreetly study sensitive installations, including the Presidential Villa, the Armed Forces Complex, Niger Barracks in Abuja and international airports in Abuja and Lagos, mapping access routes, routines and vulnerabilities. What began as expressions of dissatisfaction soon graduated into early-stage operational planning.

Security sources say searches on the officer’s vehicle uncovered charms and anti-government materials, while a raid on his residence in Lokogoma, Apo, yielded sensitive documents detailing assigned roles and outlining how key national dignitaries were to be handled once the operation commenced.

The plotters are also said to have exploited insider access, infiltrating the Presidential Villa and compromising workers linked to construction firm Julius Berger to obtain security information on the premises. Encrypted communication platforms were allegedly used to coordinate movements, logistics and funding, while discreet vehicle repairs and unusual cash flows pointed to preparations for mobilisation.

Investigators traced financial inducements of between N2 million and N5 million to some principal actors, with intelligence agencies now analysing the money trail through the Nigerian Financial Intelligence Unit.

One of the suspects, Lt-Col S. Bappah, reportedly turned a critical witness, admitting his role and providing details on recruitment methods, funding channels and communication patterns within the network.

The danger, security officials note, lay in the cross-service reach of the conspiracy, which cut across the Army, Navy and Air Force and involved officers up to the rank of Brigadier-General.

The alleged plan, uncovered ahead of its execution date of October 25, 2025, was described as lethal in scope, with the President, Vice-President Kashim Shettima, ministers, service chiefs and other top officials marked as targets.

Beyond the military hierarchy, investigators are now widening the probe to civilian financiers and political contacts who may have interacted with the core suspects. Communication trails, financial flows and external interfaces are being reviewed as part of efforts to dismantle every layer of the network and secure strategic national assets.

With the investigation concluded and reports forwarded to superior authorities, the Defence Headquarters has confirmed that indicted personnel will face appropriate military judicial panels, as Nigeria’s security establishment moves to ensure that what officials describe as a well-funded, coordinated threat never advances beyond the planning stage.

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