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An Open Appeal for Accountability: A Gentle Request to General Ibrahim Babangida

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His Excellency, General Ibrahim Babangida GCFR,

Dear Sir,

It is with great respect and sincerity that we write this open letter to you following the release of your memoir, A Journey in Service, launched on February 20, 2025. The memoir has undoubtedly stirred up many discussions and emotions, providing a unique opportunity for you to share your perspective on the events of your tenure.

However, as the book reviews the past, there remains one undeniable truth that continues to resonate deeply in the hearts of millions of Nigerians: the annulment of the June 12, 1993, election, and the significant consequences that followed, stands as a pivotal moment in our nation’s history—a moment for which responsibility must be owned.

Now, we do not wish to be one of those overly harsh critics who seek to lay all the blame at your feet without offering a fair and balanced reflection of your time in office. Indeed, your leadership, for better or worse, played a significant role in shaping the modern political landscape of Nigeria. But, Sir, there are certain facts that cannot be ignored. The June 12 annulment, whether driven by internal conflict or external pressures, happened under your watch, and the implications of that decision continue to echo through our national consciousness.

In your memoir, you offer a fascinating narrative in which you cast General Sani Abacha as a key player in the annulment, suggesting that he may have been the mastermind behind it. While we understand the complexity of the situation you faced, this version of events—of you being completely unaware and outmaneuvered—leaves many of us wondering: Was the Commander-in-Chief truly so powerless, or is there a deeper truth to be uncovered? You were the leader, Sir, and while it’s understandable that in the fog of political maneuvering, some events can feel beyond one’s control, it is also important to recognize the role you played in that fateful moment.

To be fair, General Abacha was, without question, a man of strength, determination, and, dare I say, cunning—a figure whose political acumen often overshadowed the rest. One might say he was a bit like a master chess player, always two steps ahead. But, as any strategist knows, the moves of the game depend on who’s holding the pieces. You, as the Commander-in-Chief, had the ultimate responsibility to ensure that those pieces didn’t fall into the wrong hands. And yet, the question remains: why, after all that had transpired in the years leading to the annulment, did you leave the pieces scattered for someone else to claim?

While General Abacha has often been painted in less-than-flattering terms, history also reminds us of his role in stabilizing the country after the political chaos of 1993. Yes, his rule was not without controversy, but under his leadership, Nigeria found some measure of economic stability—an achievement that, in hindsight, should not be dismissed. As much as one might wish to rewrite the past with the benefit of hindsight, the reality is that the annulment left Nigeria in turmoil, and the subsequent years were marked by a deepening sense of distrust in the political system.

Sir, we’re not asking you to become a scapegoat or to bear the full weight of the world’s frustrations. What I ask is far simpler, and, dare I say, more dignified: take full ownership of the decisions made during your time in office, particularly the events surrounding June 12. It is not uncommon for leaders to reflect on their legacies and acknowledge where things went wrong. There is immense power in that simple act of honesty, an act that would be a fitting tribute to your long and storied career.

We know, Sir, that leadership is not without its challenges. You navigated a complex political landscape and faced pressures that many of us could scarcely imagine. But leadership also demands accountability. And so, as we reflect on your memoir and the many twists and turns of your time in office, we ask that you acknowledge the undeniable consequences of June 12, 1993. It’s not just about taking responsibility for the past; it’s about providing the Nigerian people with the closure they deserve.

Yes, we know that Nigeria under your leadership achieved certain feats—whether economic, military, or diplomatic. Your time in office is, without question, marked by significant events and decisions that shaped the direction of the country. But, Sir, as the pages of history turn, we must also acknowledge that no legacy is complete without a candid reflection on its darker chapters.

Additionally, Sir, as we reflect on the painful history of June 12, we cannot ignore the lasting injustice suffered by the late Moshood Abiola and his family. Abiola was the victor of what is widely regarded as Nigeria’s freest and fairest election—a victory that was cruelly denied by your administration. His subsequent suffering, the wrongful imprisonment, and his untimely death are a stain on Nigeria’s history. We ask you, Sir, to consider the profound impact of your actions on Abiola’s legacy, and on the history of our nation.

In the spirit of reconciliation and national healing, we respectfully urge you to take concrete steps to offer restitution to the Abiola family. This could take the form of an official national apology, full recognition of MKO Abiola as Nigeria’s democratically elected president, and ensuring that his family receives the honors and entitlements that they were unjustly deprived of. Acknowledging the wrong done to them would not only be an act of justice but also a significant step towards healing the wounds of the past.

And so, General Babangida, with all due respect, we ask that you look to the future and, in doing so, offer the Nigerian people the respect of a full acknowledgment of the past. It’s never too late to set the record straight.

In closing, let us say that we hold you in high regard—not only for your leadership and achievements but also for the unique character that you brought to Nigerian politics. The strength, intelligence, and determination you exhibited were, and remain, a defining feature of your era. It is not lost on me, however, that leadership is more than just a reflection of success—it is also an opportunity to humbly accept the weight of mistakes.

We pray for your continued health and strength as you continue to serve your God and the people of Nigeria in whatever capacity remains. Your story is far from over, and the final chapters are still to be written.

With the deepest respect,
we remain,
Yours sincerely,

Richard Odusanya/_adeABANIDA_

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US Cancels Visa Processing for Nigeria, Brazil, Russia, 72 Other Countries

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The Trump administration is suspending all visa processing for applicants from 75 countries, a State Department spokesperson said on Wednesday.
The spokesperson did not elaborate on the plan, first reported by Fox News, which cited a State Department memo.
The pause will begin on January 21, Fox News said.
Somalia, Russia, Iran, Afghanistan, Brazil, Nigeria, Thailand are among the affected countries, according to the report.
The memo directs U.S. embassies to refuse visas under existing law while the department reassesses its procedures. No time frame was provided.
The reported pause comes amid the sweeping immigration crackdown pursued by Republican U.S. President Donald Trump since taking office last January.
In November, Trump had vowed to “permanently pause” migration from all “Third World Countries” following a shooting near the White House by an Afghan national that killed a National Guard member.
Source: Reuters

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‘A Friend of a Thief is a Thief’, Defence Minister Warns Gumi, Other Bandit-Sympathizers

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The Minister of Defence Minister, Lt.-Gen. Christopher Musa, (rtd), has warned Sheikh Ahmed Gumi and other persons in the country against including bandits in northern brotherhood.

General Musa, via a statement on Wednesday in Maiduguri, declared: “A friend of a thief is a thief,” warning Nigerians against supporting terrorists and bandits in any form.

He said that the warning statement is neither accidental nor symbolic; explaining that it is a clear response to narratives previously promoted by Sheikh Gumi, who described bandits’ hiding in the bush as “our brothers” and argued that society cannot do without them.

General Musa’s message draws a firm line between compassion and complicity. While empathy has its place, justifying or normalising terrorism only strengthens criminal networks that have devastated communities, displaced families, and claimed innocent lives.

Labeling bandit as “brothers” does not reduce violence it legitimizes and undermines national security efforts.

The Defence minister’s warning serves as a reminder that terrorism thrives not only on weapons but also on moral cover. Anyone who excuses, defends, or shields criminals through words, influence, or silence shares responsibility for the consequences. In matters of national security, neutrality is not an option.

Nigeria cannot defeat banditry and terrorism while dangerous rhetoric blurs the line between victims and perpetrators. The choice is clear: stand with the law and the nation, or be counted among those enabling crime.

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Strategy and Sovereignty: Inside Adenuga’s Oil Deal of the Decade

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By Michael Abimboye

In global energy circles, the most consequential deals are often not the loudest. They unfold quietly, reshape portfolios, recalibrate value, and only later reveal their full significance.

The recent strategic transaction between Conoil Producing Limited and TotalEnergies belongs firmly in that category. A deal whose implications stretch beyond balance sheets into Nigeria’s long-troubled oil production narrative.

For Mike Adenuga, named The Boss of the Year 2025 by The Boss Newspapers, the agreement is more than a corporate milestone. It is the culmination of a long-term upstream strategy that is now translating into hard value barrels, cash flow, and renewed confidence in indigenous capacity.

At the heart of the transaction is a portfolio rebalancing agreement that sees TotalEnergies deepen its interest in an offshore asset while Conoil consolidates full ownership of a producing block critical to its medium-term growth trajectory. The parties have not publicly disclosed the monetary value, industry analysts place similar offshore and shallow-water asset transfers in the high hundreds of millions of dollars, depending on reserve certification and development timelines. What is indisputable, however, is the deal’s structural clarity: each partner exits with assets aligned to its strategic strengths.

For Conoil, the transaction represents something more profound than asset shuffling. It is the validation of an indigenous oil company’s ability to operate, produce, and partner at scale. That validation was already underway in 2024, when Conoil achieved a landmark breakthrough: the successful production and export of Obodo crude, a new Nigerian crude blend from its onshore acreage.

In a country where new crude streams have become rare, Obodo’s emergence signalled operational maturity. More importantly, it shifted Conoil from being perceived primarily as a downstream and marginal upstream player into a full-spectrum producer with export-grade assets.

The commercial impact was immediate. Obodo crude enhanced Conoil’s revenue profile, strengthened cash flows, and materially improved the company’s asset valuation.

For Mike Adenuga, Obodo represented something else entirely: oil income with scale and durability. Producing crude shifts wealth from theoretical to realised. It is the difference between potential and proof.

That momentum was reinforced by Conoil’s acquisition of a new drilling rig, a move that underscored its intent to control not just resources, but execution. In an industry where rig availability often dictates production timelines, owning modern drilling capacity gives Conoil a strategic advantage lowering costs, reducing dependency, and accelerating development cycles. It also enhances the company’s bargaining power in partnerships such as the one with TotalEnergies.

Taken together, the Obodo crude success, the rig acquisition, and the TotalEnergies transaction, these moves materially expand Conoil’s enterprise value. While private company valuations remain opaque, upstream assets with proven production, infrastructure control, and international partnerships typically command significant multiple expansion. For Adenuga, all of these represents a stabilising and appreciating pillar of wealth.

As The Boss Newspapers honours Mike Adenuga as Boss of the Year 2025, the recognition lands at a moment when his oil ambitions are no longer peripheral to his legacy. They are central. In Obodo crude, in steel rigs, and in carefully negotiated partnerships, Adenuga is shaping a version of Nigerian capitalism that privileges patience, scale, and execution over spectacle.

In the end, the most powerful statement of wealth is not net worth rankings or headlines. It is the ability to convert strategy into assets, assets into production, and production into national relevance. On that score, the Conoil–TotalEnergies deal may well stand as one of the most consequential chapters in Mike Adenuga’s business story and in Nigeria’s evolving oil future.

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