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Momodu: The Babalawo of Nigerian Media

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Sixty-five today, the publisher of Ovation International, Chief Ayobamidele Momodu, is a pride, not just of the media but the nation. Olawale Olaleye writes.

Chief Ayobamidele Momodu’s story of grass to grace is public knowledge. All of the information is already out there. This is because he discusses his life and its intricate trajectory at every given opportunity with glee and self-esteem.

At the punch of a button, you’d have all you need to knowabout this proud media guru and indigene of Edo State, who chose to “naturalise” in Yorubaland, making Ile-Ife, the source, his birth station. Little wonder, his other names include Ojutelegan Ajani.

With a bit of mild activism spurred by instinctive resentment to abuse of any sort, this celebrated writer has conquered where many could not even dare. And, where many had failed, Bob Dee, as everyone calls him, is not one to be stifled by the failures of others. He’d rather make his own mistakes and learn from them.

His indomitable spirit, typical of the average Nigerian – man or woman – who carries him or herself with rare confidence and self-worth, is also why life has been unable to relegate him in the scheme of things.

He does not only catch up with trends in journalism and communications in general, but he always makes a conscious decision at self-development, just to stay active on the job, timelessly. That he has remained relevant for several decades is not a function of accident.

His willingness and readiness to help others, no matter what the issues are, is one trait that speaks to his individuality, and clearly a reflection of his thorough upbringing and the tolerant Yoruba environment, where life began for him – diped in the milk of kindness and their cultural hospitality.

With an enduring voyage on the media landscape, cutting across imposing brands and years of solid experience before setting out to do something different, not before building solid and expensive contacts in this multidisciplinary calling, it simply belies logic that anyone at all would question whether or not Bob Dee is a journalist?

With tongue-in-cheek and evident cynicism, an aide to the Minister of the FCT, LereOlayinka, during a recent interview on the Arise News Television, questioned Bob Dee’s journalism background. For convenient mischief, he’d rather he was a Babalawo because he studied Yoruba as his first degree. The effrontery alone is appalling!

A graduate of Yoruba and Master’s in English Literature from the University of Ife, (now Obafemi Awolowo University, Ile-Ife in 1982, Momodu got his first media job as staff writer with African Concord magazine, owned by the late Chief MKO Abiola, and later transferred to the Weekend Concord as a pioneer staff.

This graduate of Yoruba wrote the first cover story for the newspaper in March 1989, and contributed to other titles such as the National Concord, Sunday Concord, Business Concord and of course, his turf, the Yoruba newspaper, Isokan.

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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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