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Friday Sermon: Harvest of Shame 2

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By Babatunde Jose

Thanks to corruption, poor management, sponsored sabotage and fake news / barriers created by competitors/importers afraid of competition, professional litigants, many Nigeria’s industrial initiatives have either collapsed or were abandoned. – Frederick Owonka

There is no doubt, things could move in the right direction with dedicated leadership that provides enabling environment for entrepreneurship to strive: A  leadership with clear vision and national mission capable of acting as the vanguard of the people’s yearning for self sustained development and offering hope for a  farewell to poverty and want. Unfortunately, that has not been the case with us. Nigerians are fond of saying that God is a Nigerian because He made our land so beautiful and endowed this nation with unimaginable provisions to the envy of other nations; to even the score however, God populated the land with a race of evil men, corruption, ethnic jingoists, religious fanatics, and worst of all a visionless leadership incapable of harnessing all the good things God hath given us. Today, unbelievable and unthinkable things happen in this clime; for the past 25 years, a major exporter of oil, continues to  import refined petroleum and diesel; a country with one of the largest gas reserves in the world, importing domestic cooking gas and gas cylinders. In the process, aggravating and exacerbating our ‘harvest of shame’.

In 2018, Nigeria made $41.8 Million from rubber export; however, European companies process this rubber and make twice that amount. Last year a Nigerian farm invested a huge amount of funds into rubber processing and it is hoped that many others would do the same to wipe away our shame. Rubber processing firms abound in Delta State and in the past their owners reaped bountiful harvests with which their children and wards were educated in UK and America. Where are these firms today? What became of the rubber plantation the Western Region government set up in Remo between Ikenne and Ayepe sixty years ago?  The fact remains that the total land space available for rubber plantation that attracted Firestone to Liberia is small compared to what we have here; if only we have the will.

The same could be said of the land space for the cultivation of cocoa and other products. Nigeria was once a major producer of cotton; a fact which dictated the proliferation of textiles mills in the country which today have become moribund. There was a time Afprint in Isolo was reputed to be the biggest textile factory in West Africa; today its frontage is a glorified car showroom. Western Textiles on Gbagada Expressway used to be a major player in the textile industry, but today it is home of car importers. Our investors are preoccupied with chasing the dollar! I should know because I used to print some of their ‘annual reports’.

Nigeria  is  home to the largest natural gas reserves in Africa and the ninth largest in the world; according to the National Bureau of Statistics 47 per cent (146.14 million liters’) of the LPG supply in the country in the first quarter of this year was imported while 53 per cent (164.71 million liters’) was produced locally.

But there is hope; Matrix Energy has invested in Nigeria’s cooking gas plant and has begun operations to cut down imports.

It is shameful that with just N7Billion a Modular refinery can be built that would produce 271 million Liters annually, thereby cutting our fuel imports. One Abdulrazak Isa did just that and is today moving towards completion of his refinery capable of meeting the needs of Imo and Anambra States.

Triton Fish/Chicken farm in Oyo State is a project financed by Heritage Bank backed by the CBN, since the ban on importation of frozen chicken; this company has been exporting to Poland, Romania, Egypt, Liberia and Ivory Coast. We need more of these ventures to turn our economy around.

Nigeria possesses the second largest Bitumen deposit in the world, yet we spend billions annually importing bitumen/asphalt for road construction. South Korea with less Bitumen deposit than Ondo State makes $3Billion from it annually: Another harvest of Shame.

It is on record that the Federal Government rolled out loans in Kebbi State that empowered 78,000 poor rice farmers in late 2015; today about half of them are said to have become prosperous as an hectare of land gives 90 bags of rice, most of which they sell to Lagos State as Lake Rice. Why, we ask can this not be replicated in Sokoto, Gombe and other states in the north or in Ogun, Osun and Ekiti States? Rather, our people are still fixated on smuggling rice though our wayward neighbor. When will this stop?

Another example of our harvest of shame is the N9.2B we sunk into the importation of 750,000 gas cylinders from a company in South Africa in 2014. Yet, with just a fraction of that money, Nigeria Gas Cylinders located in Ibadan could have been revived to go back into production.

Recently Mahindra Limited in Kaduna set up a Tractor Assembly Plant to produce tractors; with an outlay of $200M. However, what happened to the tractor plant in Bauchi? In 2005 BPE sold Steyr under the privatization craze of the time to Kaura Motors for $700Million. Whatever became of this factory that was set up by the Federal Government is today open to conjecture. Another Harvest of Shame!

Ayo Akindiji, an Engineer was the last farm manager of Oodua farms cattle ranch (formerly western livestock’s) at Akunu Akoko and Auga. The land is still there: Facilities abandoned. The existence of the ranches was confirmed by the Ondo State Governor during the week. According to him, the farms can accommodate 5000 cattle.  Also in Oyo state, we have over 16,000 hectares of land for cattle ranch solely owned by Oodua Investment. Part of it was seeded for Ikere gorge (2000 hectares). These farms ARE TODAY MORIBUND. If only Oodua Investments can resuscitate them it would go a long way in wiping away our shame. The Southwest governments, owners of Oodua Investments can give them to genuine investors for resuscitation. These farms are also found in Imeko Ogun State, Oke-Ako via Ayedun Ekiti.

A report published by Food Business Africa on Jan. 9 bemoaned the amount spent by Nigeria on imports of grains in 2018. “The country spent $1.1 billion to import 5.5 million tonnes of wheat in the period as production remained static at 60,000 tonnes, which constituted 99% of wheat consumed.” “Rice imports amounted to 3 million tonnes, equivalent to 44% of rice consumed in the country valued at $1.2 billion, while domestic production rose to 4.78 million tonnes in 2018.” This shows that we are winning the ‘rice war’.

Allah said in the Quran: O mankind! Do your duty to your Lord, and fear (the coming of) a Day when no father can avail aught for his son, nor a son avail aught for his father. Verily,

the promise of Allah is true: Let not then this present life deceive you, nor let the Chief Deceiver deceive you about Allah. (Quran 31:33)

Barka Juma’at and a happy weekend

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FBN vs GHL: Supreme Court Voids Appeal Court Judgment, Orders Immediate Handover of FPSO Tamara Tokoni Crude Oil to General Hydrocarbons

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The long drawn legal tussle between FirstBank of Nigeria Limited and General Hydrocarbons Limited over the ownership of the crude oil aboard the FPSO Tamara Tokoni, may have come to a conclusive end as the Supreme Court of Nigeria delivered its judgment.

The Apex Court, on Friday, ordered the Chief Registrar of the Court of Appeal and the Admiralty Marshal to immediately hand over the crude oil aboard the FPSO Tamara Tokoni to General Hydrocarbons Limited (GHL), bringing to an end a legal dispute over the asset.

In a unanimous judgment delivered by a five-member panel of justices, the apex court held that the suit instituted by First Bank of Nigeria (FBN) was contractual in nature and not an admiralty matter.

The court consequently ruled that both the Federal High Court and the Court of Appeal lacked the jurisdiction to entertain the case.

The Supreme Court accordingly allowed the appeal filed by General Hydrocarbons Limited and set aside the judgment of the Court of Appeal, describing it as perverse.

Justice Abiru, who read the lead judgment, announced the unanimous decision of the panel comprising Justices Uwani Aba-Aji, Salawa, Agim, Uwa and Abiru.

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GbajaGate: I’ve Done No Wrong, Govt Playing to Shut Me Up – Adeyemi Matthew Speaks from Hiding

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Prince Adeniyi Adeyemi Matthew, the man alleged to have forged government appointment letters and falsely paraded himself as the Director-General of the alleged Presidential Foreign Intervention Promotion Council (PFIPC) and Presidential Economic Advisory Council, has denied the allegations against him, claiming the Presidency is attempting to silence him.

Speaking with PREMIUM TIMES from an undisclosed location on Thursday, Adeyemi insisted he had done nothing wrong and described the government’s actions as a “defence mechanism.”

“You know the government we have. They are just playing a defence mechanism to shut me up. My organisation was set up in 2024,” he said.

Adeyemi declined to disclose his whereabouts, saying he had gone into hiding because his life was under threat.

“They are now after my life. I have gone into hiding. I’m underground,” he said.

When asked whether he had fled the country, he declined to respond directly.

“I will not be able to disclose any information now. I don’t consider myself safe,” he added.

The embattled suspect also declined to provide his alleged appointment letter or any document to support his claim that he was legitimately appointed, saying his lawyers had advised him not to discuss the matter publicly.

“I just decided to speak to you out of respect. My lawyers are working on something. Whatever they say, I will let you know,” he said.

The Presidency has accused Adeyemi of forging appointment letters and other official documents while falsely presenting himself as Director-General of the Presidential Foreign Intervention Promotion Council and the Presidential Economic Advisory Council, agencies it insists do not exist.

Presidential spokesman, Bayo Onanuga, said Adeyemi and two others have been charged before the Federal High Court on an eight-count charge bordering on forgery, impersonation and related offences.

According to the Presidency, concerns first emerged after the Nigerian Investment Promotion Commission reported that another body appeared to be performing functions similar to its statutory responsibilities.

The Chief of Staff to the President, Femi Gbajabiamila, subsequently petitioned the Department of State Services and the Nigeria Police Force, alleging that forged appointment letters bearing fake signatures, official seals and reference numbers had been used to create the impression that the suspects were presidential appointees.

The Presidency said investigations revealed that Adeyemi and his associates allegedly operated from an office within the Federal Secretariat Complex in Abuja, held meetings with Nigerian and foreign officials and sought diplomatic support from the Ministry of Foreign Affairs for visa applications.

According to the Presidency, police arrested Adeyemi on October 27, 2025, after which searches conducted at his office and residence allegedly yielded forged government documents.

Investigators also alleged that financial intelligence uncovered 34 bank accounts linked to Adeyemi, including accounts allegedly opened in the names of purported government agencies.

The Presidency further claimed that Adeyemi used forged documents to open an account with the Central Bank of Nigeria in the name of the alleged agency, although investigators found that no public funds were paid into the account.

The case is scheduled to come up before the Federal High Court on July 27.

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Court Dismisses Abejide’s Suit, Upholds Mark-led Leadership of ADC

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The Federal High Court in Abuja on Thursday affirmed Sen. David Mark’s leadership of the African Democratic Congress (ADC).

Justice Musa Liman, in a judgment, also dismissed the suit filed by Rep Leke Abejide challenging Mark and Ogbeni Rauf Aregbesola as national chairman and national secretary of the party for lacking merit.

Justice Liman upheld the preliminary objections filed by ADC, Chief Ralph Nwosu, Mark and Aregbesola which challenged Abejide’s suit.

The judge held that the court lacked the jurisdiction to dabble in the internal affairs of ADC, as the suit was non-justiciable.

He also held that Abejide lacked the legal right to have instituted the suit, having failed to show to the court that his rights had been violated in any way as a result of the emergence of Mark-led leadership.

He equally held that Abejide, who is a member of the House of Representatives, failed to explore the party’s internal mechanism for dispute resolution.

Justice Liman also resolved the three issues in the substantive suit in favour of the defendants.

On whether Mark, the former Senate president and Aregbesola, who was the former Governor of Osun, emerged as leaders of the party in compliance with the enabling laws, the judge resolved this against Abejide, the plaintiff in the suit.

He held that the handing over of the leadership of the party by Nwosu to Mark did not violate the provisions of the party’s constitution.

The judge agreed that the disputed July 2, 2025, meeting of the party was a stakeholder meeting which preceded the party’s National Executive Council (NEC) meeting held on July 29, 2025, which produced Mark and Aregbesola as the party’s leaders and was monitored by the Independent National Electoral Commission (INEC).

Justice Liman, therefore, declared that the emergence of Mark and Aregbesola as leaders of ADC was valid and in accordance with the constitution, the Electoral Act, 2026 and the party’s law.

The judge consequently awarded a fine of N2 million each in favour of all the defendants which shall be paid by Abejide.

He also awarded a N10 million fine against Abejide’s lawyer in compliance with the Electoral Act, 2026.

The News Agency of Nigeria (NAN) reports that Abejide had instituted the suit to stop the Mark-led leadership of ADC.

In the originating summons, marked FHC/ABJ/CS/1637/2025, filed on Feb. 15 by Idris, the lawmaker sued ADC, Ralph Nwosu, Mark, Aregbesola and INEC as 1st to 5th defendants respectively.

NAN reports that Nwosu was the former national chairman of ADC who stepped down for Mark, the ex-Senate president.

Abejide, among the eight reliefs, sought an order nullifying Nwosu’s handover or transfer of ADC’s leadership to Mark and Aregbesola as interim national chairman and interim national secretary respectively on July 2, 2025, at Shehu Musa Yar’adua Centre, Abuja, for being illegal, unlawful, null and void.

He sought an order of perpetual injunction restraining Mark and Aregbesola from parading themselves as leaders of the party “as their purported appointment, selection or election was unlawful, illegal, null and void.”

He also sought perpetual injunction restraining INEC from recognising Mark and Aregbesola as ADC’s interim national chairman and interim national secretary.

He alleged that their appointment, selection or election did not meet the requirements of Section 82 of the Electoral Act, 2022, among other prayers.

NAN

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