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General News

Uproar as Buhari favours Northerners with Appointments

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Muhammadu Buhari, Nigeria’s president
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Nigerians especially those from the Southern part of the country on Friday, expressed concern over the appointments made so far by President Muhammadu Buhari, according to the Punch.

They said the appointments were lopsided and not in the best interest of the country.

President Buhari is from Katsina State, Senate President Bukola Saraki and House of Representatives Speaker, Yakubu Dogara, are from Kwara and Bauchi states respectively. The judiciary is led by Justice Mahmud Mohammed from Taraba State.

According to the Punch, of the nine appointments made by Buhari so far, eight are from the North, while one is from the South. The appointments are: Director-General of the State Services, Lawal Daura, Katsina State; Acting Chairman, the Independent National Electoral Commission, Mrs. Amina Bala Zakari, Jigawa State; Director, the Department of Petroleum Resources, Mr. Mordecai Danteni Baba Ladan; and the Accountant-General of the Federation, Alhaji Ahmed Idris, Kano State.

Others are the State Chief of Protocol, Mallam Lawal Abdullahi Kazaure; Aide De Camp, Lt.-Col. Muhammed Lawal Abubakar, Kano State; Senior Special Assistant on Media and Publicity, Mallam Garba Shehu; and Special Adviser on Media and Publicity, Mr. Femi Adesina, South-West.

The appointments, however, drew the ire of Nigerians who asked Buhari to respect the country’s principle of federal character.

Already, the Internet, particularly the social media and blogs, are agog with reactions and counter-reactions on the matter.

A commentator named Daamazing, on Nairaland, Nigeria’s largest discussion forum, accused Buhari of appointing only Northerners into key positions announced so far.

The enraged citizen said in pidgin, “After all your mumu promises, one thing you’ve not achieved, na to dey appoint all the people for your family tree, dey do tourism up and down. (After all your promises, you’ve not achieved anything. All you have done is to appoint your kinsmen and travel all around the world).”

Another commentator identified simply as Augster, said, “Buhari, don’t let those who voted for you down because your appointment of only Northerners into top positions is baffling us.”

SenseiX, another Nairaland commentator, said it was wrong for Buhari to have brought Daura, the acting DSS DG, from retirement to head the agency when there were qualified persons from other regions of the country still in service.

He said, “He ignored the entire senior cadre of the agency- from Bassey Eteng to the least- simply because they are Southerners. Even if he wanted to pick a a Northerner, he should have picked from the service rather than a 62-year-old retiree, whose only qualification is being Buhari’s kinsman, who was in the DSS. When former President Goodluck Jonathan appointed Ekpenyong, he was already a Director of Operations, same for Gadzama, who was appointed by Umaru Yar’Adua.”

As of the time of filing this report, the story- Buhari sacks DG DSS, service chiefs may go- had been read by 30,722 Nigerians on the PUNCH website, some of who expressed anger over the development.

A reader named as Ify, said, “In as much as I do not subscribe to ethnic sentiments, I am sensitive to the malaise of ethnic distrust in the country. A wise leader would therefore, thread cautiously around this landmine. We must patiently navigate our way out of ethnic bias.

“Let me also point out that Nigeria’s strength is derived from her diversity, therefore, any government that wishes to succeed must draw from our diversity, and not limit itself to the talents from one region alone.”

Another reader, Omoyooba, said, “In a multi-ethnic and multi-religious Nigeria, it is insensitive of him to be making appointments made up of Northern Muslims. What of the Christians and the Southerners? President Muhammadu Buhari should know that former President Goodluck Jonathan started with greater goodwill than this in 2011 and he ran it aground in four years. Buhari should not make the same mistake. Nigeria belongs to everybody.”

On Facebook, Fidelis Anumole-Oparaku, who was apparently disappointed with the situation, said the President’s ministerial appointments would not be much better.

He said, “Because he lacks the power to do so with ministerial appointments, he will likely give key positions to Northern Muslims, then the soft ones will be given to Northern Christians and the South.”

Like the online community, prominent groups in the South-West – Afenifere, Yoruba Unity Forum and the Movement for Oodua Republic – said this kind of lopsided appointments had never happened in the political history of the country.

While describing the President’s actions as worrisome, the YUF Secretary-General, Senator Anthony Adefuye, warned that the earlier the situation was reversed, the better, adding that the YUF would not expect the North to marginalise the South.

He said, “The fact that the President, Senate President and the Speaker of the House of Representatives are from the North is worrisome. There is no way the North can take all the principal offices and leave the deputy to us. It has never happened before and the earlier it is reverted, the better.

“There is no way that can continue because the South is not subordinate to the North. The think tank committee of the YUF will meet soon to look at the issue and see how it affects the Yoruba people. However, the development is a wrong signal that must be corrected.”

While calling on Southerners to be patient and watch events unfold, Adefuye said no region could be a subordinate of the other.

“What is more worrisome is that the immediate past INEC Chairman, Prof. Attahiru Jega, handed over to a Southerner but the Presidency changed it to a Northerner. We are watching and waiting to see what comes out of this new government.”

Adefuye added, “Southerners are always careful and concerned not to marginalise the North. Therefore, I will not expect the North to marginalise the South now that the Presidency is shifted to the region.”

The National Publicity Secretary of Afenifere, Mr. Yinka Odumakin, said the group was watching the President’s actions and taking note of them.

Odumakin, who spoke with one of our correspondents on Friday, said, “We have taken a position in Afenifere to watch the President’s actions before we begin to make comments. By the time we have a clearer picture of what is happening in the first 100 days of the President in office, we are certainly going to make a comprehensive statement.”

Also, the leader of MOR, Mr. George Akinola, said the country was heading towards total conflict should the situation continue.

He said, “The country has already been divided along religious lines. The fault lines are there and will always be there. This will continue until a time when one way or the other a conference or a referendum happens. There is no option that is not on the table but at least we will prefer the path of peace.”

Representing the interest of the South-Eastern people, the President-General of Ohanaeze Ndigbo, Chief Gary Enwo-Igariwey, asked the President to respect the principle of federal character in his appointments.

Enwo-Igariwey said, “We expect the President to recognise other nationalities that make up Nigeria. Elections are over, it is time for governance. We expect that the principle of federal character, which is constitutional, should be respected.

“It is important that in making his appointments, the President should recognise that there are six geo-political zones in the country and it is imperative that he carries all of them along in the spirit of nation building and as a statesman.”

The Igbo World Union and the Ohanaeze Youth Council described the President’s actions as a threat to the corporate existence of Nigeria.

The OYC National President, Mazi Okechukwu Isiguzoro, said, “Buhari should not abuse his privileged position as the President of Nigeria for the moment. He should not forget our federal system but reflect the federal character in his appointments.

“We are warning him to drop the Northern agenda and govern Nigeria in line with the constitution which he sworn to protect. We will hold him by his statement that ‘he is for nobody and for everybody ‘ except he now wants to tell us that he is the President of the North alone.”

According to Isiguzoro, Buhari’s actions demonstrate that he came to power to reverse the positive steps made by Jonathan, who gave consideration to Nigeria’s ethnic plurality in his appointments.

“Jonathan appointed Northerners as his National Security Adviser, Defence Minister, Inspector-General of Police, Chief of Defence Staff etc. But so far, Buhari has shown us that he has no regard for other parts of the country.”

In his reaction, the President-General of Igbo World Union, Dr. Mishak Nnanta, asked the President not to succumb to any ill- advice from individuals with parochial interest.

The National President of Njiko Igbo Forum, Reverend Okechukwu Obioha, warned Buhari against running what he described as a “Northern government.”

Obioha expressed the fear that the trend, if left unchecked, could destroy the country.

He said, “Buhari is simply running a Northern government. He is making his appointments as if he is angry with other sections of the country. The appointments are lopsided in favour of the North and that is not acceptable.”


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General News

Burna Boy Distances Himself from Meme Coin, Labels Crypto as Fraud

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Burna Boy, Grammy-winning Nigerian artist, has publicly distanced himself from a meme coin circulating online that falsely uses his name and image for promotion.

Burna Boy Distances Himself from Meme Coin, Labels Crypto as Fraud

Burna Boy

In a statement shared via Instagram, the Afrobeats star made it clear that he has no involvement in any cryptocurrency ventures, describing such schemes as fraudulent.

His comments come amid growing traction of a meme coin allegedly linked to him, which has been circulating on social media platform X (formerly Twitter).

“I don’t do any internet ‘coin’ business. I see it as fraud and I have no interest in any of that,” Burna Boy wrote. “So if you see anyone using my name for such, please disregard or report them.”

The singer urged fans to remain vigilant and to report anyone promoting the crypto project under false pretenses.


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AM Best Reaffirms Stable Outlook for Cyber Insurance Market

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AM Best has reaffirmed its stable outlook for the global cyber insurance market. The rating agency notes that strong demand for cyber insurance coverage is expected to continue, supporting profitability across the sector despite intensifying competition.

Atlas Magazine reports that the small and medium-sized enterprise (SME) segment presents a key growth opportunity, as many SMEs remain underinsured or lack sufficient cyber coverage.

Rising awareness of cyber threats has also led policyholders to enhance their IT security measures, helping reduce potential losses in the event of a claim.

AM Best’s outlook is further supported by several factors, including sustained capital inflows from reinsurers and alternative capital providers, the use of artificial intelligence for more effective risk selection, and favorable regulatory developments.

According to Munich Re, global cyber insurance premiums reached $15.3 billion in 2024, climbing seven per cent year-on-year.

The market is projected to grow at an average annual rate exceeding 10 per cent through 2030.

However, the industry continues to grapple with challenges such as a rise in ransomware attacks, business email compromise, and payment fraud. The growing use of AI by cybercriminals is also amplifying the scale and sophistication of such attacks.

 


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Woodhall Capital and Partners Launch ₦1.5Bn Fund

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L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu, Founder/CEO, Woodhall Capital; Sola Carrena, MD/CEO, Helios Investment; Onyinyechi Aderigbigbe, Head, Brands & Marketing, Woodhall Capital; Jonny Baxter, British Deputy High Commissioner at the signing ceremony of the N1.5bn Creative Sector Fund & Launch of the Creative Currency Podcast at the weekend, Lagos
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Woodhall Capital in partnership with Polaris Bank, Lagos and UK governments have announced the launch of a ₦1.5 billion Creative Sector Fund aimed at expanding access to structured financing for creative entrepreneurs meant to scale their output across fashion, film, music, and digital content.

L-R- Abimbola Ozomah, Executive Director, Polaris Bank; Mojisola Hunponu-Wusu, Founder/CEO, Woodhall Capital; Sola Carrena, MD/CEO, Helios Investment; Onyinyechi Aderigbigbe, Head, Brands & Marketing, Woodhall Capital; Jonny Baxter, British Deputy High Commissioner at the signing ceremony of the N1.5bn Creative Sector Fund & Launch of the Creative Currency Podcast at the weekend, Lagos

The fund was unveiled during the launch of the Creative Currency Podcast, an initiative designed to foster collaboration between creatives, financiers, policymakers, and global stakeholders.

The platform will serve as both a podcast and policy engagement forum, tackling long-standing challenges such as limited access to finance, weak Intellectual Property(IP) enforcement, and the absence of scalable business infrastructure within the creative ecosystem.

In May 2022, Polaris Bank partnered with the Lagos State Employment Trust Fund (LSETF) to establish a ₦1 billion funding initiative targeted at artisans in Lagos State.

The objective of the partnership was to deliver critical financial support to empower skilled artisans and entrepreneurs within the MSME sector who had maintained active business operations for at least one year ultimately fostering wealth creation and economic inclusion across the state.

At the launch event held on Thursday evening at the Ikoyi residence of the British Deputy High Commissioner, Polaris Bank’s Executive Director, Abimbola Ozomah, who sat on a panel at the launch, emphasized that the fund is a long-overdue response to the structural exclusion of creatives from formal financing systems. She described the initiative as a deliberate attempt to recognize creative endeavours, intellectual property as a bankable asset and to build a framework where creatives are treated as serious entrepreneurs capable of generating significant economic value.

“This fund represents more than capital, it reflects our belief in Nigerian creativity as a global force,” said Polaris Bank’s Executive Director, Abimbola Ozomah. “We’re not just exporting talent. We’re exporting ownership, structure, and long-term value.”

Founder and CEO of Woodhall Capital, Mojisola Hunponu-Wusu, reiterated the urgent need to redefine how the financial system engages with the creative sector. She committed to providing bespoke financial products, advisory services, and investor-matching support tailored specifically for the needs of creative MSMEs.

The UK Government, through the British Deputy High Commissioner, Mr. Jonny Baxter, highlighted its longstanding commitment to Nigeria’s creative economy. The UK-Nigeria Creative Industries Partnership signed in 2024 was cited as a milestone in unlocking trade, investment, and collaborative opportunities between both countries. The Deputy High Commissioner praised the initiative as a blueprint for global creative cooperation.

The Lagos State Government, a key driver of the initiative, reaffirmed its ambition to cement Lagos as Africa’s creative capital. According to the Governor’s representative, Representing the Governor, Mrs. Folashade Ambrose-Medebem, Honourable Commissioner for Commerce, Cooperatives, Trade and Investment, highlighted the state’s efforts in supporting the sector through progressive policy reforms, infrastructure development, and the provision of zero-interest loans of up to ₦10 million via the Lagos Creative Fund. These measures are designed to empower creatives to scale operations, access markets, and formalize their business practices.

The newly launched Creative Currency Podcast is positioned to be more than a media channel. It is a knowledge-sharing ecosystem that brings together local talents, international investors, legal experts, and cultural stakeholders to explore opportunities, identify risks, and share solutions that will elevate Nigeria’s creative industries to global standards.

Throughout the panel sessions, panelists emphasized the need for deeper structure, transparency, and professionalism in the sector. Creators were encouraged to develop clear business plans, maintain accurate financial records, formalize their operations, and assert their rights to royalties and IP protection.

As conversations deepened, financial institutions acknowledged the need for a mindset shift. Traditional risk models, they agreed, must be reimagined to reflect the unique nature of creative enterprises many of which are driven by intangible assets, flexible revenue models, and export potential.

The event concluded with a call to action: invest in the systems, not just the stories. Stakeholders were unanimous in their belief that a more structured, collaborative, and well-capitalized creative economy will deliver jobs, exports, and global relevance for Nigeria.

Polaris Bank has built a strong footprint in financing MSME by committing billions of naira in loans to support MSME operations in Nigeria, with huge lending portfolio dedicated to empower micro, small, and medium businesses meant to grow businesses, create jobs, and build wealth.


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