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Rivers Crises: Dele Momodu Writes Open Letter to Tinubu

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By Eric Elezuo

Following the political crises that have ravaged Rivers State, and President Tinubu’s subtle preference for one of the gladiators, Mr. Nyesom Wike, the former governor of the state, and present Minister of the Federal Capital Territory against the incumbent governor, Mr. Siminalayi Fubara, Chairman, Ovation Media Group, Chief Dele Momodu, has written yet another letter to the president.

Momodu reminded the president of life after office, and the need to live according to his democratic billings and background,  stating that God has been kind to him to give him what Chief Obafemi Awolowo,  Dr. Nnamdi Azikiwe and the rest couldn’t get, their popularity and doggedness notwithstanding. He pointed out the recent happenings at the Lagos State House of Assembly, where the lawmakers impeached his anointed speaker, whom he restored, saying that was part of the signals towards the impending rebellion ahead.

The letter in full:

AN OPEN LETTER TO PRESIDENT TINUBU
By DELE MOMODU

My dear ASIWAJU, I pray this message meets you well. This letter has become necessary because of the strange things happening under your watch. I believe you were a Democracy hero and some of your mentees in the 1990s are now thoroughly embarrassed, and we feel scandalized, by your complete transfiguration from a Democracy Fighter to an enabler of ruthless Dictatorship. I have watched with incredulity, and sometimes trepidation, how you have wasted the humongous goodwill you built and acquired in those days of military rulership. How sad and unfortunate!!

Your Excellency, let me tell you what your hangers on will not tell you. Your deification by hero-worshippers is a charade. Permit me to give you two tales from Yoruba folklore. The first is the story of A O MERIN JOBA. How the elephant was deceived into thinking he shall become the ultimate king of the jungle until he fell into the ditch dug by the same acolytes.

The second is that of ESIN OBA SONU. The King’s Horse disappeared and a massive hunt ensued. It is not everyone searching for it that wants it recovered.

Have you forgotten the encomiums you and other members of your ruling party poured on President Muhammadu Buhari barely two years ago? Today, you’re all singing new tunes. The same fate awaits you sooner or later. The government agencies of coercion you’re deploying today to harass your opponents would be mobilized to hound you and yours if and when tomorrow comes.

The polity is dangerously heating up at the speed of light. Perhaps, only you and your diehards cannot see it. The recent rebellion in the Lagos State House of Assembly should have been a veritable signal to you about the impending resistance ahead.

Your open support for Minister Wike’s destabilization of Rivers State is most regrettable. God has been most kind to you. You got what CHIEFS AWOLOWO, AZIKIWE, M.K.O ABIOLA, OLU FALAE and MAJOR GENERAL YAR’ADUA couldn’t achieve. Why do you now place your fate in the hands of gods with feet of clay?!

Your legitimate ambition to seek a second term does not warrant this level of rascality across the nation…

Best wishes…

BOB DEE

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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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