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A Requiem for a Trojan, Chief Olabode Emanuel

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By Eric Elezuo

When men pass away, life experiences a definite slow down for as many loved ones as they may have known, but when men like Chief Olabode Emanuel are no more, the entirety of creation is alerted; mourning becomes a case study, and wails as loud as thunder clap are heard from nigh and far. That is because they touched lives indescribably.

That is the story of a titan, who bowed out of a wonderful performance on January 4, 2025, just at the turn of a fresh year, after nine decades of meritorious existence, breaking barriers and churning out one first another another. Bode Emanuel, as he is fondly known, was many things in one package, traversing the world of financial entrepreneurship with ease, and into industrialisation as a construction guru as well as a boardroom wizkid with his glorious spell at UAC’s Grand Cereals, where he retired in 2021.

A proud alumnus of the prestigious St. Gregory’s College, Bode Emanuel is a typical example of he came, he saw and he conquered.

His death as announced by the Old Boys Association of St. Gregory’s College (SGCOBA) though sent shivers down the spines of not a few, was still taken with equanimity and total reverence to the will of Almighty God as a result of the numerous lives his existence touched and turned around. Many hears his name, and smile.

A revered Board of Trustees Member of the institution, the nonagerian, before his demise, was also a Chartered Accountant par excellence, a Fellow of the Institute of Chartered Accountants of England and Wales (ICAEW), and a member of the Institute of Chartered Accountants of Nigeria (ICAN).

The statement announcing his death read: “As a seasoned administrator with vast experience, Chief Emanuel has served as the Chairman of the Board of many local and international corporate organizations.

“These include: BoriniProno & Co. Limited, Trevi Foundations of Nigeria Limited, Foundation Construction Limited, Saipem (Nigeria) Limited, Hogg Robinson Nigeria Limited, and Grand Cereals Limited.

“Aside St Gregory’s College Old Boys Association, he was a board member of, Nigerian Life & Provident Company Limited, Sterling Assurance Company Limited, Macmillan Nigeria Publishers Limited – Publishers of Primary, Secondary and Tertiary Books and Publications in Africa – amongst others. Details on burial arrangements are “to be announced by the family.”

Born on April 20, 1935, Bode Emanuel has either headed or founded several notable business and professional bodies including being a foremost member of the Ikoyi Club, and founding member of the New Partnership for Africa’s Development (NEPAD) Business Group Nigeria, which he rose to become its 4th Chairman in 2022.

Chief Emanuel is survived by a vast array of family members, friends and colleagues, including his beloved wife and confidante, Mrs Anana Bode Emanuel.

The entrepreneur will be sorely missed!

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Court Reserves Ruling in Times Multimedia Suit Against Afreximbank Over CAX IP Dispute

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By Andrew Orolua

The Federal High Court sitting in Lagos has reserved ruling in the intellectual property suit between Times Multimedia Ltd. and the African Export-Import Bank, Afreximbank, and others, following arguments on a preliminary objection challenging the court’s jurisdiction.

The matter came up on Thursday, July 2, 2026, before Honourable Justice Osiagor.

Times Multimedia Ltd., a Nigerian media and events company, is the originator and registered proprietor of “CAX” – the Creative Africa Exchange.

Court documents state that Times Multimedia conceived CAX in 2017/2018 as a continental trade and investment platform designed to finance, market, and monetize Africa’s creative and cultural industries. In 2018, the company formally presented the CAX concept, framework, and business model to Afreximbank for partnership and institutional backing.

Following engagements with Times Multimedia on the CAX proposal, Afreximbank in 2020 launched its own initiative known as the Creative Africa Nexus, CANEX. Times Multimedia alleges that CANEX substantially adopted the core concept, objectives, and structure of CAX without license, attribution, or contractual agreement, leading to the present suit for intellectual property infringement.

Afreximbank and other defendants filed a Notice of Preliminary Objection, contending that the bank enjoys immunity from judicial proceedings in Nigeria under the _Afreximbank Establishment Agreement, 1993_, Section 9 of the _Diplomatic Immunities and Privileges Act_, Cap D1, LFN 2004, and the _African Export-Import Bank (Privileges and Immunities) Order, 2014_.

Afreximbank was established in October 1993 by African governments and investors to promote intra-African trade. Nigeria is a founding signatory. Article 50 of the Establishment Agreement provides that the Bank enjoys immunity from legal process except to the extent that it expressly waives such immunity.

Counsel to Times Multimedia Ltd. opposed the objection. Counsel argued that the immunity claimed by Afreximbank is not absolute, and that the same Establishment Agreement contains provisions contemplating circumstances where the bank may be sued or subjected to judicial proceedings, particularly in respect of commercial transactions.

The claimant’s legal team further urged the court to interpret the relevant instruments holistically and to avoid any construction that would unjustifiably deny an aggrieved Nigerian entity access to court in the absence of a clear and express exclusion of the court’s jurisdiction, as guaranteed under Section 6(6)(b) of the 1999 Constitution.

Counsel for both sides argued extensively for over one hour. At the end of proceedings, Justice Osiagor reserved the matter for ruling and adjourned the case to Monday, 29 September 2026.

The ruling will determine whether the suit can proceed against Afreximbank before the Federal High Court.

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Fake Agency Scandal: NDC Demands Gbajabiamila’s Sack

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The Nigeria Democratic Congress (NDC) has called on President Bola Tinubu to immediately remove his Chief of Staff, Femi Gbajabiamila, over allegations linking him to an alleged multi-billion-naira corruption scandal involving a purported non-existent  government agency, the Presidential Foreign Intervention Promotion Council (PFIPC).

In a statement issued on Friday by its National Publicity Secretary, Osa Director, the opposition party described the allegations as grave and said Gbajabiamila’s continued stay in office could compromise any credible investigation into the matter.

The NDC’s demand follows allegations made by Prince Mathew Adeniyi Adeyemi, who claims to be the Director-General of the PFIPC, an agency the Presidency has publicly denied exists.

According to the party, the allegations raise serious concerns about transparency, accountability and integrity within the Tinubu administration.

The NDC alleged that despite the Presidency’s denial of the agency’s existence, the PFIPC purportedly secured budgetary allocations in the 2026 Appropriation Act and opened a domiciliary account, a Pound Sterling account and a Treasury Single Account (TSA) domiciled with the Central Bank of Nigeria.

The party questioned how an agency described as non-existent could allegedly establish multiple high-level government financial accounts without official approval or the required documentation.

It also called on the Office of the Accountant-General of the Federation to explain whether forged documents were used in processing the accounts.

The statement further alleged that the Head of the Civil Service of the Federation approved 314 staff positions for the purported agency, describing the development as another issue requiring urgent explanation.

According to the NDC, the allegations also include claims that Gbajabiamila demanded 48 per cent of the agency’s take-off grant, reportedly valued at N27.39 billion, a request Adeyemi allegedly rejected.

The party also cited Adeyemi’s claim that he secured his appointment through the Chief of Staff after allegedly paying N600 million, of which N400 million was allegedly paid through proxies, while N200 million remained outstanding.

It said the alleged unpaid balance reportedly contributed to the Presidency’s subsequent denial of the agency’s existence.

The NDC further alleged that the claims point to a wider pattern of institutional corruption, including the alleged sale of public appointments.

The party also linked the controversy to the death of Babatunde Tanimola, whom it described as an intermediary between Adeyemi and the Chief of Staff.

According to the statement, Tanimola reportedly died in a fire incident at a hotel in Utako, Abuja, on October 22, 2025, a day after the police reportedly received a petition from the Chief of Staff.

The NDC also referenced Adeyemi’s claims that he survived multiple assassination attempts, including an attack along the Abuja-Kaduna Expressway on September 7, 2025, and alleged that certain individuals within government are plotting to eliminate him.

Against the backdrop of the allegations, the party demanded the immediate removal of Gbajabiamila to allow what it described as a full and impartial investigation.

It also called on President Tinubu to establish an independent investigative panel to examine the alleged operations of the PFIPC, including its budgetary allocations, financial transactions, account openings and staff recruitment.

The NDC further urged investigators to probe the circumstances surrounding Tanimola’s death and the alleged assassination attempts on Adeyemi, while recommending that Adeyemi be granted witness protection.

The party also demanded that the Chief of Staff produce all official documents signed since assuming office for forensic examination.

In addition, it called for the questioning of officials of the Central Bank of Nigeria (CBN), the Office of the Accountant-General of the Federation, and the Office of the Head of the Civil Service of the Federation over their alleged roles in the matter.

The opposition party also urged the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Nigeria Police Force to commence what it described as a thorough investigation without fear or favour.

“The NDC will not accept the usual tactic of issuing a mere defensive press release from the Presidency as a deflective ploy. Nigerians deserve to know the truth through a transparent process that promotes fairness and justice,” the statement said.

The Presidency has previously maintained that the PFIPC is not a recognised government agency.

As of the time of filing this report, neither the Presidency nor Chief of Staff Femi Gbajabiamila had responded to the fresh allegations contained in the NDC statement.

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Glo-sponsored African Voices Features Former CNN Anchor, Isha Sesay

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Accomplished journalist and former Cable News Network (CNN) International anchor, Isha Sesay, will this week return to the studios of the global news network, not as an interviewer, but as the subject of its celebrated 30-minute magazine programme, African Voices, sponsored by telecommunications giant, Globacom.

The episode will shine a spotlight on the remarkable journey of the distinguished broadcaster whose career has traversed some of the most influential corridors of international journalism.

The 50-year-old British-Sierra Leonean media personality, born on January 6, 1976, rose to prominence through an illustrious career at CNN, which she joined as a news anchor in 2005 after distinguished stints with the British Broadcasting Corporation (BBC) and Sky News. Over the years, Sesay became one of the most recognisable and respected faces in global television news, bringing clarity and composure to some of the world’s most consequential stories.

An alumna of Trinity College, Cambridge, United Kingdom, Sesay steadily carved a distinctive niche for herself in broadcast journalism. In 2009, she became the host of the inaugural edition of International Desk, CNN’s weekly news programme, further cementing her reputation as a journalist of substance and international standing.

Her career afforded her the opportunity to engage with numerous eminent personalities, including former Nigerian President Olusegun Obasanjo and his successor, the late President Umaru Yar’Adua, among other notable global figures.

Sesay also contributed to Anderson Cooper 360° as presenter of the 360 Bulletin, a role she assumed on January 17, 2011. Subsequently, she was reassigned as anchor of another flagship news programme, CNN NewsCenter, continuing a professional trajectory that reflected both versatility and excellence.

Beyond the newsroom, Sesay has demonstrated a deep commitment to social impact. In 2014, she launched her educational and humanitarian non-profit advocacy initiative for the African girl-child. The organisation, aptly named Women Everywhere Can Lead, has since provided educational support and empowerment opportunities aimed at nurturing a new generation of female leaders across the continent.

More recently, Sesay captured public attention with her personal journey into motherhood, welcoming her first child through In-Vitro Fertilisation (IVF) as a single mother. Her experience has resonated with many women around the world, adding another compelling chapter to a life story already rich in courage, resilience and inspiration.

On this edition of African Voices, Sesay will share insights into her distinguished career, her enduring advocacy for girls’ education and empowerment, as well as her new and deeply personal adventure into motherhood. The programme will air on Saturday at 7.30am.

Repeat broadcasts will follow at 11.00am on the same day, while additional screenings are scheduled for Sunday at 3.30am and 6.00pm. Further rebroadcasts will air on Monday at 3.00am and 5.45pm, and on Tuesday at 5.45 pm, with the same time belt continuing into the following week until Monday at 3.00am

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