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Buhari Gifts Niger Republic N1.1bn SUVs, Nigerians React

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President Muhammadu Buhari on Wednesday, came under heavy criticism over the approval of N1, 145,000,000 for the purchase and supply of 10 Toyota Land Cruiser vehicles to Niger Republic.

The revelation was made by an investigative journalist, David Hundeyin, who tweeted that he obtained a document from the Budget Office in Nigeria which showed that the President made the approval for the purchase of the vehicles to the neighbouring country.

Hundeyin also attached a picture of the document to validate the claim that the President approved the release of the money to a company, Kaura Motors Nigeria Limited, on February 28, 2022.

The document read in part, “Being release of funds in the sum of N1,145,000,000 to the office of the Accountant General of the Federation IFO Kaura Motors Nig. Limited for supply of 10 numbers Toyota Land Cruiser V8 Vehicles to Republic of Nigeria vide Mr. President approval on page 83 dated 28/02/2022.”

However, Nigerians had been criticising the Federal Government for disbursing funds to purchase the vehicles for another country amid other pressing needs, including the ongoing strike by the Academic Staff Union of Universities and the harsh economic realities in the country.

The Country Director, Transparency International, Auwal Rafsanjani, said the gesture showed that the current political leaders were not sensitive to the plights of Nigerians.

“It shows a lack of priority for development in Nigeria. Otherwise, our universities have been closed down for months, how much is ASUU asking for to stop the strike, how much is needed to modernise our health sector and also improve the lives of Nigerians? But the current leaders just want to accumulate tax payers’ money for personal use,” he said.

Also reacting, the chairman, Human and Environmental Development Agenda, Olanrewaju Suraju, said the amount the vehicles were purchased was outrageous.

He said, “With the level of insecurity and the lack of resources in the country, the next thing we could think of is to purchase vehicles for the Niger Republic. There is nothing bad assisting sister countries in their time of need but this is wrongly conceived.

“Also, it is nearly impossible that those vehicles would cost that amount,that deserves to be investigated. The anti-corruption agencies should investigate this.”

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Dele Momodu Bags NAOSNP Media Icon of the Decade Award, Thanks ‘Colleagues’

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By Eric Elezuo

Veteran and celebrated journalist, who is the Chairman, Ovation Media Group, Aare Dele Momodu, has been named the National Association of Online Security News Publishers (NAOSNP) Media Icon of the Decade for his contribution to the field of journalism as well as lifting budding journalists to reach their desired heights.

The award was presented by the Minister of State for Police Affairs, Hajia Imaan Sulaiman-Ibrahim, who was the Distinguished Guest of Honour at the occasion, assisted by the Assistant Inspector-General of Police in charge of Zone 2, Onikan, AIG Adegoke Fayoade, President of NAOSNP, Samson Oki and a host of other dignitaries present, at the 2024 National Security Conference of the Association, held at the Oriental Hotel, Lagos,  on Wednesday.

In her remarks at the presentation, the Honourable Minister praised the Ovation boss for his continuous to journalism, projecting African business and political leaders as well as other Nigerians in a positive light.

“We thank you Mr Ovation for all you do and continue to do. You deserve the award, and I happily present it to you,” the Minister, who reminisced with gusto the season Ovation covered her event, said.

In his response, an elated Dele Momodu, expressed gratitude to the executives and members of NAOSNP, whom he modestly described as ‘colleagues’, for considering him for the award, saying that it is always a thing of joy when your own constituency acknowledges your good works, and shows appreciation.

“I thank the members of this association for this award. It is fulfilling when your own colleagues remember you, and support you with an award of thus type. I thank the honorable minister for being available to present it to me. God bless the Federal Republic of Nigeria,” he said with a sense of patriotism.

Born on May 16, 1960, in the ancient city of Ile-Ife, Osun State, Chief Dele Momodu, a distinguished African Journalist of high repute, fulfills the dictates of impeccability in credentials, testimonials and track record.

A publisher, businessman, philanthropist,  and more, he runs the highly rated Ovation International Magazine, a member of the Ovation Media Group, that has given publicity to numerous personalities. Others in his line of publications are Ovation Television and The Boss Newspaper.

Momodu has redefined negative perceptions of Africa, profiling positively African personalities, using his X, Instagram and more, where his followership runs into millions.

A former presidential candidate, Momodu has a degree in Yoruba, from the Obafemi Awolowo University and Doctorates (honoris causa) from various universities, with multiple traditional titles.

He is well traveled, and has visited over 69 countries of the world.

He is married, with four children.

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Kyvatron Revolutionises Arbitrage Trading in Nigeria

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Bayo Chisom Iwu, Founder/CEO of Kyvatron, a multinational arbitrage trading company, is changing the face of investment in Nigeria. Established in June 2022, Kyvatron specialises in sourcing commodities and currencies cheaply in bulk and reselling them at a profit.

Iwu’s vision for Kyvatron began as a solo endeavor, but he soon realised the need for a more professional approach to attract major investors. Today, Kyvatron boasts an impressive portfolio, with operations spanning the US, UK, China, and Nigeria.

The company’s focus on arbitrage trading eliminates risks associated with traditional investments. By sourcing currencies and commodities in bulk, Kyvatron capitalises on wholesale rates and resells at retail prices, generating consistent profits.

Kyvatron’s innovative approach has attracted numerous investors seeking to combat inflation and financial insecurity. The company’s stable trading profits have positively impacted many lives, with returns reaching up to 23% per month.

“We specialise in Yuan Arbitrage trading, sourcing Chinese currency in bulk and reselling for profit,” Iwu explained. “Our profit comes from sourcing things in bulk, and with cryptocurrency, we can move billions of naira quickly and efficiently.”

To mitigate risks, Kyvatron deals with established brands and reputable partners, ensuring secure transactions. The company’s use of stable coins like USDT, pegged to the US dollar, protects investors from market fluctuations.

Kyvatron’s expansion plans include establishing more offices in Nigeria, with a focus on creating awareness about the benefits of arbitrage trading. Iwu aims to make the platform more robust, enabling users to pay suppliers directly and facilitating international trade.

“We’re filling a gap in the market, providing a secure and profitable investment opportunity for Nigerians,” Iwu said. “Our goal is to make Kyvatron a household name, synonymous with trust and reliability.”

With its innovative approach and commitment to investor satisfaction, Kyvatron is poised to revolutionise Nigeria’s investment landscape.

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Akwa Ibom Gov Clarifies, Says I Didn’t Appoint My Daughter First Lady

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Akwa Ibom State governor, Pastor Umo Eno, has refuted reports suggesting that he has appointed first daughter Mrs. Helen Obareki as the First Lady of the State following his wife death recently.

He clarified that his daughter was appointed as the Coordinator of the Office of the First Lady, a point he made clear President Bola Tinubu’s wife, Senator Oluremi Tinubu during her condolence visit.

Speaking at the All Nations Christian Ministry International, Eket, on Sunday, the governor explained that his decision was a natural outcome, not one motivated by political considerations.

The governor maintained that first ladies are not appointed. However, following the passing of his wife, it was appropriate and comforting for his daughter—who had been her mother’s closest assistant—to oversee and implement the programs of the office.

He noted that priority attention would be given to his late wife’s pet project, Golden Initiative for All (GIFA), as well as other support programs for women, the elderly, the vulnerable, and the less privileged. He added that these activities could only be sustained with Mrs. Obareki as coordinator due to her experience, exposure, education, and access.

His said: “Appointing our daughter, who had worked closely with her late mother, as the coordinator is not an appointment as First Lady. You don’t appoint a First Lady. The Office of the First Lady has responsibilities to the women of this state, and my wife had programs she was running—the GIFA, the support for the elderly, and other programmes.

“As long as I remain governor, those programs will not die. There must be a coordinator, and it must be someone I see on a daily basis, someone who can walk into my room and brief me, not a distant person.”

Governor Eno further explained that, by the appointment, his daughter would be addressed as the Senior Special Assistant to the Governor and Coordinator, Office of the First Lady, stating that this decision was one way to bring healing to the family and comfort to himself.

While expressing gratitude to the wife of the President, Senator Oluremi Tinubu, and her entourage, the governor also thanked the church for their words of comfort and encouraged them to find solace in the word of God.

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