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The Face Behind the Mask, (Richard) Yaw Addo Devts Ltd

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By Eric Elezuo

Behind most successes is always a brain of articulate importance, and intelligence personified.

As a result, our searchlight beams on the estate guru, whose sole responsibility is to create this palacious edifice and facilities, otherwise known as Palladium Residences. He is Richard Yaw Addo.

His details as well as.his entrepreneurial concerns are captured below:

Richard Yaw Addo Esq is the founder and Chief Executive of TG Holdings. Richard has over 25 years of experience in the fields of law, finance, printing & publishing, travel & tourism, hotel management, property development and real estate management and business development acquired both in Ghana and overseas.

Richard’s relentless hard work and dynamic leadership have inspired phenomenal personal growth for his staff and remarkable corporate growth for his corporate organisations.

As an excerpt from their website, Yaw Addo Developments Ltd was established in 2012, and Lanre Asare is its present Managing Director. The firm has been “shaping landscapes and lives in Ghana, with world class real estate development and luxury residential apartments. Having built a reputation for delivering high quality residential and commercial mid to high-end properties, Yaw Addo Developments is doubtlessly a preferred choice for real estate investment in luxurious apartments, homes, hotels and other commercial developments. Our formula for success lies in our customer oriented approach and delivering projects to the highest possible standards. From the selection of architects, designers, contractors, to the handover of keys, Yaw Addo Developments strives to ensure every detail is flawless.”

It further noted that Yaw Addo Developments has proudly flourished for over 20 YEARS, establishing itself as a privately held luxury real estate group headquartered in Dubai with a global reach.

The firm is renowned for its innovative architectural designs and commitment to excellence, and has created iconic properties worldwide, offering unparalleled luxury living experiences. Their dedication to quality and customer satisfaction has solidified their reputation as a leader in the luxury real estate market.

According to the Founder,  who is the Chairman of Board of Directors, Mr. Richard Yaw Addo, “We are incredibly honoured to have been recognized and awarded by some of the most prestigious awarding bodies. Winning these awards is the ultimate measure of excellence and a testament to the exceptional work of Pegasus Realty from around the globe. Being showcased alongside some of the World’s Best is a source of great pride for us.”

Yaw Addo Developments has become synonymous with luxury living. We bring the first luxury branded residences to Ghana and the wider West African market, contributing to the region’s expanding tourism sector.

Mission

We deliver world-class real estate projects with the highest standards of professionalism, ethics, quality, safety, and customer service. Our commitment is to earn the trust of our clients.

Vision

 To transform the way people perceive real estate quality. We strive to maintain synergy with all stakeholders while remaining environmentally and socially responsible.

Value Proposition

Our success is driven by our dedicated and efficient team working around the clock to deliver projects.

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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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