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The Lessons Learnt in 2020 Will Add Value to 2021 – Mahmood Ahmadu

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By Charles Khiran

Leadership expert and professional speaker, Charles Khiran, engages his business mentor and super entrepreneur, Mahmood Ahmadu, who is also the chairman of OIS, and one of Africa’s greatest entrepreneurs, on a one to one in Dubai, on behalf of the global community.

May I begin by congratulating you on your Forbes award and your Euro-knowledge humanitarian award in 2020, very well deserved sir!

Yes, it was a bright spark in what was a turbulent and challenging year for all of us. The Forbes Africa award was a big surprise, and a high privilege to be selected from a line-up of super achievers and some of Africa’s biggest names was a thing of great joy.

I was also particularly pleased to have received the Euro-knowledge awards as well the second year in a row. However, of greater value to me was the important Euro-knowledge category of ‘leading personality on humanitarian response to COVID-19 crisis’, because as you clearly know, so many lives were adversely affected by this dreaded disease. We had to mount a massive response to the COVID-19 crisis all through the year to alleviate the suffering of so many. I was glad it was recognized by Euro-knowledge. It also encourages us to do much more.

Everything that could be shaken was shaken last year, especially in the business world; many household names from around the world disappeared or were badly affected. You have your business footprints in over 52 countries; how have you and your various companies managed to weather the storm and keep afloat?

Truthfully, I couldn’t really sit here and tell you our genius got us through! Just like every other business owner out there, this thing caught us all by surprise. I will have to give thanks to God above all else for seeing us through what was an extremely challenging year. I have been in business for over 30 years, and I can honestly say I have never seen or experienced anything like what we experienced last year in business!

Speaking to my various friends from around the world, many were in very bad shape and some unfortunately are still not sure whether they will pull through.

Clearly, we as a business, sustained losses, and we equally embarked on strict streamlining of our operations, and pragmatism in terms of leadership was required with regards to our strategic response to the pandemic.

However, uppermost on my mind was how to sustain and retain our staff, especially our top staff. It has taken a lot for us to attract, train, develop and retain some of the sharpest minds out there in terms of our employee pool, and I did not want to lose these talents. There is a grave gravity of responsibility in running multiple profitable businesses and championing the careers of thousands of employees, and it is something I take very seriously.

Furthermore, just like every other global business, we had to look at our overall operations and see which ones we can transition online with the enablement of dynamic technology, and which ones we would have to shut down in the short term. We had always ensured we maintained a lean and agile operation over the years and that has been one of the biggest blessings.

Tell me a bit about the importance of leadership in times of crisis, especially in the past year of the pandemic in steering the ships with thousands of employees?

Well, as the great leadership guru, John Maxwell said – “Everything rises and falls on leadership” my first priority is providing direction with respect to vision of how we are going to navigate in an unprecedented time. So I and the other leaders have had to dig deep and raise our games a notch, for example I have had to increase the rate and regularity of my communication with the team. I have had to be more visible and present than usual; many of our employees in other markets around the world are working from home because of the lockdowns so communication has been more critical than normal.

Therefore, it became absolutely critical to provide virtual platforms that allow for groups as well as two way dialogues. These have been important in settling the angst, and quashing unfounded rumors company wide.

I began hosting weekly and monthly webinars where I spoke face to face with the team, answering questions of what we know, providing hope and inspiration helping to alleviate fears. The other thing is the value of authenticity, transparency and empathy by speaking candidly to the team and letting them know what is going on, sharing brutal truths. These are solid leadership qualities, but I can tell you it has been amplified even more in these times of unprecedented turbulence.

Finally, it has also been all hands on deck with everyone rolling up their sleeves including me. So I have paid more forensic attention to some details than usual after months of immense financial pressure on businesses everywhere including ours, we have learnt the importance of collaborative support from our partners and tighter cost controls in other to maintain strong balance sheets.

What would you say are some of the biggest lessons you learnt in 2020?

In truth, 2020 has been a year of immense education like no other, even for one as pragmatic and visionary like I believe myself to be. There have been so many learning opportunities in the midst of the chaos.

1. You have to know that time is finite, do not waste time

2. I learnt to make important decisions at speed while leading multiple business organizations remotely, even with some feelings of anxiety as we were not sure what was happening.

3. I learnt the importance of constantly being prepared for any eventuality, and the need for more stress testing

4. I learnt not to sacrifice the future based on the current year’s problems. We were still innovating and planning for bigger visions while people were focusing only on the current problems.

I personally believe my own equity as a leader has gone up exponentially because of what I went through and survived in 2020

You are the brain behind probably the largest, innovative and exciting technology companies out of Africa. How has technology helped you in this past year?

There are certain things that technology cannot change, like the human to human experience which we miss terribly in many of our locations experiencing lockdowns. However, for everything else technology is what we know and what we do, so as compared to many, technology has been a life saver as this is our normal terrain.

We have been developing breakthrough technology for governments and large scale institutions in Africa and around the world for the delivery of financial solutions, streamlining the ease of payments and transaction processing through our unique and intuitive platforms for many years now.

So we have built and deployed technology in some areas to quickly plug holes and bridge gaps to stop the hemorrhaging of money where expedient. Our central focus is to never stop innovating, and we are responding to this crisis with even more innovation!

I know you do not have a crystal ball, but what do you see ahead in this new year, 2021, especially in the business environment?

In truth, for anybody to say they know what is ahead of us this year will probably be purely guessing. I don’t believe anyone has a clear picture for what lies ahead. Governments around the world are responding as best as they can to an unprecedented situation, so all we have is faith and hope.

My faith in God helps me to believe that we will be out of this situation soon, but I am not convinced that it will be business as usual anymore. One thing I am completely persuaded about is the ingenuity and the indefatigability of the human spirit. Humans will always find a way!

When I reflect all through history and some of the battles and challenges that have confronted humans, from the great depression, the Second World War, civil wars, Stock market crashes, Black Monday and so many others, I realise that humans found a way, rebuilt and have always came through. I am persuaded we will bounce back and bounce higher after this dreaded pandemic, but there are still many tough months ahead for all of us.

My hope is by the third quarter of this year, we should begin to see the shoots of recovery and the enabling environment from the regulations standpoint to enable high flight again.

What final words of wisdom do you have for other leaders in difficult situations?

I believe leaders, who have had to navigate through a devastating year like 2020 and survived it will definitely be worth their weight in gold. So many have witnessed enviable businesses that built fold up or crumple before their eyes through no fault of their own.

I would like to encourage them that the lessons learnt from this period whether good or bad, will definitely add to their overall value going forward. The best business schools could not have taught many of the valuable lessons learnt last year. I would like to encourage them to lift their sights above the temporary failures, and instead focus on what educational good they can glean from the situation.

Remember that adversity and crisis reveal your foundation and your build quality. When crisis comes unannounced like we all experienced last year, all we can do is control some of the details even though we could not stop it.

Finally, guard your mind and your thoughts and discipline it! Do not let fear take you captive, and make a decision not to speak words of fear out of your mouth. Besides the fact that you are listening to yourself, your people are also seeing the world through your eyes and words! May God help us all!

Charles Khiran is an Afro-European professional speaker and corporate trainer based in the United Kingdom. He provides bespoke and customized training to governments and business organisations. For more information please visit www.charleskhiran.com

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Iran Has Given Up on Nuclear Weapons, Trump Claims

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US President, Donald Trump, said on Tuesday that Iran gave him a “very big present” related to the Strait of Hormuz, boosting his confidence that he is talking to the right people in Tehran to end the war.

The cryptic announcement came a day after Trump unexpectedly postponed threatened attacks on Iran’s power plants and said Washington is in negotiations with unspecified figures in Iran.

Tehran has, however, denied being part of any talks to end the war, which is now in its fourth week and has disrupted global oil supplies passing through the strategic Hormuz Strait.

“They did something yesterday that was amazing actually. They gave us a present and the present arrived today. And it was a very big present worth a tremendous amount of money,” Trump told reporters in the Oval Office.

“That meant one thing to me — we’re dealing with the right people.”

Speaking at the swearing-in ceremony for new US Homeland Security Secretary Markwayne Mullin, Trump said the “gift” was “very significant”, adding that it was “oil and gas-related.”

Asked if it was related to his demand that Iran reopen the Strait of Hormuz to oil traffic, Trump replied: “Yeah, it was related to the flow and to the strait.”

The US president added that the “present” was not related to Iran’s nuclear program, but repeated his claim that the Iranian side “agreed they will never have a nuclear weapon.”

Trump has not yet revealed who the United States is negotiating with in Tehran, saying only on Monday as he postponed a threat to attack Iran’s energy sites by five days that it is a “top person.”

“We’re actually talking to the right people, and they want to make a deal so badly,” Trump said.

Former Iranian supreme leader Ali Khamenei was killed on the first day of the joint Israeli-US air campaign, and successor Mojtaba Khamenei has not been seen in public.

But Trump said that the killing of Khamenei senior and a host of other top Iranian officials meant “we have really regime change. The leaders are all very different with the ones that we started off with.”

US Vice President, JD Vance, Secretary of State Marco Rubio, global envoy Steve Witkoff and Trump’s son-in-law Jared Kushner were all involved in the Iranian talks, Trump said.

But he did not confirm reports that Witkoff and Kushner were headed to Pakistan for talks with Iran, with Vance possibly to follow afterward if the negotiations appeared serious.

Pakistani Prime Minister Shehbaz Sharif offered on Tuesday to act as a mediator to end the conflict.

He said he had spoken with Iranian President Masoud Pezeshkian, promising Islamabad’s help to bring peace to the region.

Trump meanwhile joked that Secretary of Defense Pete Hegseth “didn’t want it to be settled” because he wanted to keep striking Iranian targets.

“We see ourselves as part of this negotiation as well. We negotiate with bombs,” Hegseth said when he was called to the podium by Trump.

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Dangote Warns of Dire Consequences for Nigeria If Iran War Continues

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Nigeria’s foremost industrialist, Alhaji Aliko Dangote, has warned that Middle-East tensions driving global oil volatility could have far-reaching consequences for Nigeria and African economies.

Dangote spoke on Monday in Lagos after a courtesy visit and Eid-el-Fitr homage to President Bola Tinubu.

He said the visit was to extend Sallah greetings, reconnect with the president after some time, and reaffirm respect and continued support for the administration’s policies.

Dangote noted Nigeria had no direct role in the crisis but would still feel the impact because of deep global economic interdependence.

“We are part of a global village, and unfortunately, developments like this will affect us even if we are not directly involved,” he said.

He warned that prolonged tensions could trigger higher fuel prices, rising transport costs, inflationary pressures, and widespread hardship across African economies.

“If the situation does not de-escalate, we will end up paying a heavy price, especially given existing economic challenges,” Dangote said.

He explained that governments could face mounting fiscal strain as subsidies rise and revenues fluctuate under unstable global oil market conditions.

Dangote added that Africa’s rising debt burden could worsen under prolonged instability, further limiting fiscal space and weakening economic resilience.

“Africa is already grappling with debt, and additional shocks will only compound hardship for governments and the people,” he said.

He said escalating energy costs would disrupt nearly every sector, including small enterprises, manufacturing chains, logistics operations and household consumption patterns.

“Energy affects everything. From small businesses like barbers to industries running generators, everyone will feel the impact if costs continue to rise,” he said.

Dangote noted that some countries are already adopting coping strategies such as reduced workdays, energy rationing and remote working arrangements.

He said such measures, while necessary, could reduce productivity, slow economic output and affect livelihoods, particularly among vulnerable populations.

Dangote urged global leaders to prioritise de-escalation, stressing that many Africans rely on daily earnings and remain highly exposed to economic shocks.

“In Africa, in Nigeria, many people depend on daily earnings. If they don’t work, they don’t eat. So we must pray this situation comes down quickly,” he said.

On Tinubu’s recent visit to the United Kingdom, Dangote said the trip had opened new economic opportunities and strengthened Nigeria’s investment outlook.

“I believe the visit has opened many doors. Diplomacy without economic outcomes is incomplete, and this has created opportunities for Nigeria,” he said.

He said agreements reached during the visit, especially in infrastructure and financing, signaled growing international confidence in Nigeria’s reform agenda.

“It is not just about the money committed, but the confidence it shows in Nigeria and the reforms being implemented,” he said.

Dangote said planned investments in critical sectors such as ports would significantly improve trade efficiency and support medium-term economic expansion.

“These investments will help improve our infrastructure, especially in key areas like ports, and complement ongoing government efforts,” Dangote said.

He expressed optimism that other countries, including Germany, would follow with investments as confidence in Nigeria’s economy strengthens.

“Once confidence is established, other countries will come in. It is a signal that Nigeria is ready for business,” he said.

Dangote said the agreements would enable Nigerian private sector players to access international financing and technical support for large-scale projects.

“For Nigerian investors, this shows we can approach these agencies to access funding. It means they are now open to supporting our projects,” Dangote said.

He described the development as a breakthrough, noting that such credit facilities had historically remained underutilised by Nigerian businesses.

“We have not really utilised these resources before, but now there is clear capacity and willingness to fund viable Nigerian projects,” he said.

Dangote reaffirmed his support for the administration, expressing confidence that reforms, partnerships and investor confidence would drive sustainable economic growth in Nigeria.

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The Travails of Nasir El-Rufai

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By Eric Elezuo

The present predicament of the immediate past governor of Kaduna State, Mallam Nasir El-Rufai, has created diverse camps of supportive, non-supportive and completely indifferent reactions.

The former governor, who completed his two terms in office on May 29, 2023, has remained in the news ever since for the wrong reasons. First, falling out with his supposed godson, the incumbent Governor of Kaduna State, Uba Sani, who has accused him of embezzlement of public funds while in office, using the state house of Assembly.

Secondly, he was unceremoniously dropped from the list of favored applicants for ministerial positions after the Senate, in a brazen act, rejected his nomination and failed to confirm him after undergoing ministerial screening. El-Rufai has neither forgiven the Senate nor President Bola Tinubu for allowing that to happen.

El-Rufai, whi was once the Minister of the Federal Capital Territory (FCT), had consequently turned himself into a vocal critic of the government, offering explanations why the present administration must not be allowed to return to power in 2027.

His most recent outburst of accusing the NSA, Mallam Nuru Ribadu, of orchestrating his arrest on arrival to Nigeria from Egypt, had set the stage for his present predicament. The former governor had in a live interview on Arise Television, claimed to have tapping into the NSA’s communications line, thereby becoming privy to the discussions relating to the order of his arrest. He was therefore, invited to explain the whys and hows of his bugging a high level security line. El-Rufai has not come out of detention ever since. His journey has proceeded from the gaurdroom of the Economic and Financial Crimes Commission (EFCC) to the Department of State Security (DSS).

From all indications, these are not the best of times for the immediate past Governor. And stakeholders have insisted that it’s only a passionate presidential pardon that could extricate the former FCT minister from all entanglements.

Meanwhile, a cross-section of the newest opposition block, the African Democratic Congress (ADC) has insisted that the predicaments and persecutions El-Rufai found himself, and is facing at the moment are orchestrations of the ruling All Progressives Congress (APC) by President Tinubu just as the ruling party has maintained that the former governor is facing the music of his actions and inaction while in office between 2015 and 2023.

Recall that in August 2023, the Senate set the tone for what awaits El-Rufai in the Tinubu administration, when the group, against all expectations rejected his nomination as a minister, confirming 45 others. He was one of the nine former governors nominated for ministerial positions by the Tinubu administration.

The Senate refused to confirm the nomination of Nasir El-Rufai, as well as two other nominees including Stella Okotete (Delta) and Sani Danladi (Taraba).

The President of the Senate, Senator Godswill Akpabio, had informed that the three nominees not confirmed would be subjected to further security checks even as he advise them to take their matter to Mr President, stressing that the non-conformation status stemmed from ‘security reasons’.

It must be recalled also that during El-Rufai’s screening on the floor of the Senate, Senator Karimi Sunday from Kogi West Senatorial District raised a “very strong petition” against the ex-Kaduna governor that bothered on insecurity, unity, and national cohesion.

Sunday, who praised El-Rufai’s performance as Kaduna governor and Minister of the Federal Capital Territory (FCT) some 20 years ago, said, “but I have a very strong petition against you that bothers on security, unity and cohesiveness of the Nigerian nation and I think that petition has to be considered along this screening exercise”.

Much as there was a loud resistance from the Senators against the subject, the Senate President insisted on allowing the Kogi senator’s view to stand, citing reception of other petitions against the former governor.

“Distinguished colleagues, perhaps I should inform you that I have received petitions from many other people in respect of other nominees but this is not where we are to deal with petitions. Our job here is to screen and of course, we can refer petitions to where petitions would be dealt with.

“These are the nominees of Mr President. If it is something that is a formal petition before the Senate, we will look at it formally but there are certain petitions that we have to refer to the Presidency or security agencies to look at and that has nothing to do with us.

“I think by the time we are going with the issue of confirmation and approval, we will so advise. So, I will want to plead with my brother (El-Rufai) to take a bow. So, don’t bother about (addressing the petition). Thank you.”

That was the beginning of the many Travails that trailed, and continued to trail the former Kaduna governor. His case was never revisited. His preferred, and speculated ministerial portfolio, Power, was handed to a legal practitioner, marking the end of the presidential consideration. That was when El-Rufai and Tinubu’s relationship entered the stage of ‘no love lost’

Shortly afterwards in June 2024, the Kaduna State House of Assembly’s ad hoc committee had earlier submitted its investigative report on the El-Rufai administration’s financial dealings, loans, and contracts to the House

The chairman of the ad hoc committee, Henry Zacharia, said the loans secured during El-Rufai’s tenure were largely misused, and in some instances, proper procedures were not followed in obtaining them.

The Assembly Speaker, Yusuf Liman, alleged that El-Rufai’s administration misappropriated N423 billion, resulting in significant financial burdens for the state.

Many Nigerians, though had their misgivings about the 8-years stewardship of El-Rufai, dismissed the charges, claiming it was an aftermath of his altercations with the president. Some assumed it was a witchhunt perpetrated by an administration that has issues with the ex-governor.

In response however, El-Rufai sued the Kaduna State House of Assembly over claims that his administration embezzled N432 billion and left the state with significant debt obligations.

He filed a fundamental rights enforcement case against the Kaduna State House of Assembly at the Federal High Court in Kaduna.

El-Rufai, who appeared in person to file the lawsuit, alleged that the committee denied him a fair hearing, according to a statement by the former governor’s media aide, Muyiwa Adekeye, posted on his X handle.

The lawsuit, filed by El-Rufai’s lawyer, Abdulhakeem Mustapha, contested the Kaduna Assembly Committee’s report, which accused El-Rufai of corruption.
Adekeye wrote, “His lawyer, AU Mustapha SAN, said that El-Rufai approached the court as a Nigerian citizen who is entitled to be given a fair hearing before his rights can be determined by a quasi-judicial or investigative body or courts in line with the provisions of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) and the African Charter on Human and Peoples Rights.

“El-Rufai also asked the court to declare that by the provisions of Section 36 of the Constitution of the Federal Republic of Nigeria, 1999, the Report of the Ad-Hoc Committee on Investigation of Loans, Financial Transactions, Contractual Liabilities and Other Related Matters of the Government of Kaduna State from 29 May 2015 to 29 May 2023, as ratified by the Kaduna State House of Assembly, is unconstitutional and therefore null and void for violating his right to fair hearing as guaranteed under the Constitution.”

Though questions as to whether the persecutions and legal attacks on El-Rufai were products of his vituperations on the presidency for canceling his nomination as a minister, the former governor had continued to leverage on any interview to speak of the incompetence of the administration, while attempting to rally Nigerians to vote out the government come 2027. El-Rufai had also joined the now major opposition party towards wrestling power from Tinubu and his APC government.

On February 12, 2026, El-Rufai was accosted by security operatives, who attempted to arrest him upon his arrival from Cairo at the Nnamdi Azikiwe International Airport in Abuja. His passport was seized in the scuffle that ensued, even as he reportedly declined to accompany operatives without the presentation of a warrant.

To make matters worse, El-Rufai, while appearing on a live interview boasted of intercepting a phone conversation, where the NSA Nuhu Ribadu, had given the order for his arrest on arrival to Nigeria.

El-Rufai had alleged that he and some others listen to the telephone conversations of Mr Ribadu after an individual tapped the NSA’s phone.

He defended the legality of the phone interception, acknowledging that it is technically illegal but claiming, “The government does it all the time. They listen to our calls without a court order. But someone tapped his phone and told us that he gave the order.”

But like the government has been waiting for the slip, they capitalized on the revelation to initiate another round of investigation against the former governor

In His reaction after the interview on Arise TV, Presidential Spokesperson, Bayo Onanuga, raised concerns about the implications of the claim for national security.

“El-Rufai has confessed to wire-tapping Nigeria’s NSA on TV. Does it mean that he and his collaborators have wire-tapping facilities?” Onanuga queried.

He added that the issue should not be ignored, stressing the need for accountability.

“This should be thoroughly investigated and punishment meted out. El-Rufai is not too big to face the wrath of the law,” the presidential spokesperson stated.

However, between February 16 and 18, El-Rufai was detained by the Economic and Financial Crimes Commission over the allegations of misappropriating ₦432 billion during his tenure as governor of Kaduna State.

The government made good its threat as the DSS arrested the former governor, and filed cybercrimes charge before the Federal High Court in Abuja against him over the phone-tapping allegation. The case was filed as FHC/ABJ/CR/99/2026.

The prosecution said he admitted to intercepting the NSA’s communications, failed to report others who conducted unlawful interceptions, and compromised public safety and national security by using technical systems to tap the NSA’s phone.

The alleged acts were said to violate provisions of the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act, 2024, and the Nigerian Communications Act, 2003. No arraignment date has been fixed, and Mr El-Rufai has not publicly responded to the charges.

But beyond the DSS legal actions, the ICPC has continued to keep El-Rufai in its custody, having arrested him shortly after his release from the EFCC. It was while the former was in custody that the DSS conducted a search in his Abuja home, claiming to find various items used in wire-tapping. They therefore, attempted to lend credence to the wire-tapping allegations leveled against the former governor.
El-Rufai’s immediate family members have however, denied the DSS allegations just as the former proceeded to the courts to get a judgment declaring every finding as may be presented by the DSS as untenable, citing unauthorisation.
But the ICPC has continued to hold on to the former against the law as many respondents have cited.
In its defence, the ICPC attempted to provide a provide a timeline of events, to prove that El-Rufai’s detention followed a court approved process tied to ongoing investigations into alleged financial crimes., according to statement signed by John Okor Odey, the Head, Media and Public Communication at the ICPC.

“The initial remand order was granted, allowing the Commission to detain the suspect for 14 days to investigate allegations of money laundering and abuse of office. Upon the expiration of the initial order, the Commission applied for a 14-day extension to complete its investigations, which the court acceded to on 5th March, 2026.”

It further noted that an earlier attempt by El-Rufai’s counsel to nullify the remand order had already failed.

“Counsel to El-Rufai attempted to set aside the remand order issued on 19th February, 2026, but the application was dismissed on 9th March, 2026.”

The ICPC maintained that the former governor remains in custody in line with legal provisions.

“Mallam El-Rufai remains in the lawful custody of the ICPC under the remand order dated 5th March, 2026. The Commission is strictly following the court mandated timeline, including the requirement for a progress report.”

It emphasised that all actions taken so far align with the law.

“The ICPC conducts its duties with the highest professionalism and respect for the rule of law. The remand of Mr El-Rufai has been authorised by a court of law in accordance with the Administration of Criminal Justice Act (ACJA) 2015.”

The Commission also reiterated its stance against media interference in legal processes.

“Furthermore, the ICPC remains firm in upholding its longstanding policy of avoiding media trials. We believe that legal disputes should be settled in the courtroom, not on newspaper pages and social media platforms. The Commission’s leadership remains steadfast and undeterred in confronting any and all challenges in the course of the current investigation.”

It urged the public to rely on verified information.

“We urge the public to avoid spreading unverified information and to rely on official updates from the Commission.”

It will still be till end of March before the fate of El-Rufai is known in these fast-paced travails with the government-controlled security agencies.

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