News
Arguments Swing Left and Right over Rumours of ‘Coup against Buhari’

The Presidency yesterday, said, it was ready to ruffle unruly feathers as the opposition claimed that rumours of plot to remove President Muhammadu Buhari from office through undemocratic means are attempts to blackmail Nigerians and distract them from the ruling government’s below par performance.

President Muhammadu Buhari
Elsewhere, the military, dissociated itself from such anti-democratic utterance and position and pledged loyalty to the President.
Also, Primate Elijah Ayodele, leader of INRI Evangelical Spiritual Church, assured that no form of coup will oust the President from power, because God endorsed democracy of Nigeria.
And Femi Adesina, special adviser to the President on Media and Publicity, expressed the federal government’s readiness to thwart such moves by ruffling some unruly feathers in the process.
In what appears a major doubling down on a statement by the Department of State Services (DSS), alleging sinister moves by misguided elements to wreak havoc on the government, sovereignty and corporate existence of the country; the presidency in statement, said available evidence indicated that some disgruntled religious and past political leaders are poised to throw the country into a tailspin, which would compel a forceful and undemocratic change of leadership.
According to the statement, further proof showed that the disruptive elements are now recruiting the leadership of some ethnic groups and politicians round the country, with the intention of convening some sort of conference, where a vote of no confidence would be passed on the president, thus throwing the land into further turmoil.
“The caterwauling, in recent times, by these elements, is to prepare the grounds adequately for their ignoble intentions, which are designed to cause further grief for the country. The agent provocateurs hope to achieve through artifice and sleight of hands, what they failed to do through the ballot box in the 2019 elections,” it said.
The Presidency emphasised that Nigerians have opted for democratic rule since 1999, adding that the only accepted way to change a democratically elected government is through elections, “which hold at prescribed times in the country as any other way is patently illegal, and even treasonable. Of course, such would attract the necessary consequences”.
It also accused external forces of collaborating with the mischievous individuals and groups to cause crisis in the country and warned that it will not take kindly to such move.
“These discredited individuals and groups are also in cahoots with external forces to cause maximum damage in their own country. But the Presidency, already vested with mandate and authority by Nigerians till 2023, pledges to keep the country together, even if some unruly feathers would be ruffled in the process,” the release added.
The Peoples Democratic Party (PDP), the major opposition party described the allegation by the Presidencyas a resort to blackmail in the face of failure.
In a statement on Tuesday signed by Kola Ologbondiyan, national publicity secretary, PDP said that the Buhari government and the ruling All Progressives Congress (APC) should live up to the responsibilities of office rather than “engage in frivolous allegations against Nigerians”.
The statement was titled, ‘You’re Haunted By Your Own Shadows, PDP Tells Buhari Presidency, APC’.
It partly read, “It is however imperative to state that the Buhari Presidency and the All Progressives Congress are being haunted by their own shadows as Nigerians know the persons as well as the political party with the history and penchant to scuttle democratically elected government.
“Perhaps, the Presidency has forgotten that in 1983, Brigadier Muhammadu Buhari, as he was then known, led a military coup to truncate a democratically elected government thereby causing our nation a huge drawback on democratic governance.
Also, the military, stated categorically that the Armed Forces of Nigeria remain fully committed to the present Administration and all associated democratic institutions.
In a release by brigadier general, Onyema Nwachukwu, acting director defence information, said that “We shall continue to remain apolitical, subordinate to the Civil Authority, firmly loyal to the President, Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, President Mohammadu Buhari and the 1999 Constitution as Amended”
Reacting, Primate Ayodele, said though the administration will continue to experience imbalance, economic hardship, protest, insecurity, there will be no coup.
“The Presidency should not be afraid of any form of coup, there will be no coup. Nobody can overthrow the government though the administration will be marred by anarchy, destruction, and confusion.
“The presidency should put their head on their pillow and sleep, no coup can happen in Nigeria now even though economic hardship, protest, will continue. As long as the government fails to work on insecurity in the country but they should not think of coup, it can’t be successful’’
“God is more powerful than humans, I’m not against the government but I say what God tells me, if the government continues like this, there will be so much imbalance, and they won’t get things right unless they listen to the masses and solve the problem we are facing.”
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News
FG Seeks Stakeholders’ Collaboration to Bridge Digital Gap

The Federal Government has called for collaboration among stakeholders to bridge the digital divide in Nigeria, as it launches a series of flagship projects aimed at boosting digital inclusion.
According to Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, the government is committed to ensuring that all Nigerians have access to digital services, regardless of their location or socio-economic status.
Speaking at an industry-focused stakeholders’ engagement session in Lagos, Tijani said the projects, which include Project BRIDGE, Project 774 and the Universal Access Project, were designed to extend digital connectivity to underserved and unserved communities, promote digital literacy and drive economic growth.
Themed, “Fostering Connectivity in Unserved and Underserved Communities: Collaborating for Sustainable Growth,” the event organized by the Universal Service Provision Fund (USPF) of the Nigerian Communications Commission (NCC), in-collaboration with the International Telecommunication Union, (ITU) and supported by the UK Foreign, Commonwealth & Development Office, brought together chief executives of telecoms companies, development partners and trade associations, among other notable industry players.
The minister noted that though Nigeria has made significant strides in expanding connectivity and strengthening its digital technology infrastructure, millions of Nigerians were yet to have access to reliable connectivity.
He said: “Over the last 25 years, Nigeria has made significant strides in expanding connectivity and strengthening our digital technology infrastructure. In recent years, broadband penetration has been growing significantly, bringing more millions of Nigerians online and enabling new opportunities for innovation, entrepreneurship and digital inclusion.
“Today, however, there are still millions of Nigerians on the fringes of digital transformation, who are yet to have access to reliable connectivity. Many communities, particularly rural areas, face significant barriers, including inadequate infrastructure and limited digital literacy.”
These gaps, Tijani added, not only hinder personal and business growth but also limit the full potential of Nigeria’s digital economy. He stressed that the Universal Service Provision Fund has been a critical instrument in the FG’s mission to extend connectivity to these communities, supporting infrastructure expansion, fostering local innovation and driving inclusive policies.
According to him, the federal government, through the Ministry of Communications, Innovation and Digital Economy, is also actively in driving transformative projects aimed at unlocking digital opportunities for millions of Nigerians.
He listed some of the government’s flagship initiatives to close the divide to include, Project BRIDGE, Project 774,
Universal Access Project, National Broadband Alliance of Nigeria (NBAN) and the 3 Million Technical Talent.
The minister further explained that Project BRIDGE, a 90,000km fibre optic expansion, was designed to significantly improve broadband penetration across Nigeria by extending fiber optic infrastructure to all regions; while Project 774 ensures that every local government secretariat in Nigeria benefits from high-speed connecivity, fostering grassroots digital transformation.
He described the Universal Access Project as a game-changing initiative targeted at connecting over 20 million Nigerians, who currently have no access to digital services.
“The National Broadband Alliance of Nigeria (NBAN) is our multi-stakeholder’s effort to drive collaboration across government and private sector to drive universal high quality broadband access. The 3 Million Technical Talent programme ( 3MTT) is strengthening our talent pipeline to deliver a workforce to improve the digital ecosystem.
“These projects are not just focussed on infrastructure; but also about enabling businesses, empowering individuals and unlocking the full economic potential of Nigeria’s digital landscape as we work towards a $1trillion economy.
“However, bridging this digital divide is not a task for the government alone. Sustainable and impactful progress require strong partnerships across the public and private sectors, development agencies, civil society and local communities.
“To ensure effective collaboration, we must focus on four key pillars, including community engagement, leveraging existing infrastructure, capacity building and sustainable solutions.
“We stand at a defining moment in Nigeria’s digital transformation. We have the vision, the policy framework and the will to connect every Nigerian to the digital economy. But, we need your partnership to explore alternative innovative ways to deliver on all elements of our plans.
“There is a clear role for everyone, including government at all levels, private sector, development partners and local communities in this journey,” the minister stated.
Earlier in his address, Dr. Aminu Maida, the Executive Vice Chairman of the NCC, said the theme of the programme reflected collective commitment to ensuring equitable access to telecommunications services for all Nigerians, especially those in unserved and underserved communities.
“Today’s meeting is particularly aimed at bringing key industry stakeholders together to provide valuable insights on strategies that can be adopted to enhance USPF interventions and serve as a feedback mechanism to build partnerships for Nigeria’s digital future.
“It goes without saying that the USPF acknowledges the crucial role of collaboration, strategic partnerships and complementary efforts to achieve sustainable development,” Maida stated.
He reiterated that the NCC, through the USPF, has been at the forefront of initiatives aimed at providing universal access and universal service. According to him, these efforts align with broader national and global goals, including bridging the digital divide, promoting universal access, fostering economic growth and social inclusion, and achieving Sustainable Development Goals “SDGs 4” (Quality Education) and 9 (Industry, Innovation and Infrastructure).
“Without doubt, to achieve digital inclusion, government agencies, mobile network operators, infrastructure providers, equipment manufacturers, development partners and telecom trade groups must work closely together.
It is for this reason that a multistakeholders’ approach is essential to explore innovative financing models to attract investment in rural telecommunications, leverage emerging technologies and alternative power solutions for sustainable connectivity and promote policies that incentivize collaborative participation in connectivity projects.
“I want to use this platform today, to urge all stakeholders to take decisive steps toward strengthening partnerships.
Let us harness our collective expertise, resources and innovative capabilities to build a resilient and sustainable telecommunication infrastructure that will empower millions of Nigerians.
We must remember that collaboration remains the cornerstone of sustainable development in this sector,” Maida submitted.
News
AMCON Vows to Recover N455bn Debt from Arik Air, Affiliates

Asset Management Corporation of Nigeria (AMCON) has reaffirmed its commitment to recovering over N455 billion in debts owed by Arik Air Limited (in receivership) and its affiliated companies.

R-L: Head, Legal Department, Asset Management Corporation of Nigeria (AMCON) Mr. Albert Nwanozie; Acting Company Secretary Mrs Oyinlola Adebayo; Head, Corporate Communications Department Mr. Jude Chiedozie Nwauzor, and Head of Litigations, Mr. Norbert Enenmoh at a media luncheon with Judicial Editors at Marriot Hotel in Lagos
Jude Nwauzor, Head of Corporate Communications at AMCON, disclosed this during a media briefing in Lagos, stating that Sir Johnson Arumemi-Ikhide, promoter of Arik Air, Ojemai Investment Limited, and Rockson Engineering Nigeria, has been uncooperative in settling the debts.
Nwauzor described the refusal to repay the loans as a “disservice to the commonwealth and the Nigerian people,” adding that AMCON remains undeterred by alleged smear campaigns against the agency.
“These debts must be recovered one way or the other. The leadership of AMCON, under Mr. Gbenga Alade, will not deviate from its mandate to recover the huge debt owed to the Corporation by recalcitrant obligors,” he said.
According to AMCON, the debts, transferred from various banks due to non-performance, include N227.6 billion owed by Arik Air, N163.5 billion by Rockson Engineering, and N14 billion by Ojemai Investment.
Nwauzor refuted claims by Arumemi-Ikhide that the loans were performing and that the receivership was premature, describing such narratives as misleading.
“If the loan was performing, why was it sold and restructured? Why did he agree to the restructuring if there was no default? The simple answer is that he did not fulfill the agreed terms,” Nwauzor added.
Arik Air was taken over by the Federal Government through AMCON in February 2017 due to its debt profile exceeding N300 billion. Despite legal challenges, the receivership management, led by Captain Roy Ilegbodu, has continued to operate the airline effectively.
AMCON reiterated its resolve to recover the debts in line with its mandate, emphasizing the importance of accountability and transparency in the process.
News
Renaissance Energy Completes Acquisition of SPDC

Renaissance Africa Energy has completed the “acquisition of the entire (100%)” equity holding in Shell Petroleum Development Company of Nigeria (SPDC).
This is according to a statement on Thursday by the spokesman of Renaissance Africa Energy Holdings Tony Okonedo who said the acquisition was completed on the same day.
“This follows the signing of a sale and purchase agreement with Shell in January 2024, and obtaining all regulatory approvals required for the transaction. Going forward, SPDC will be renamed as ‘Renaissance Africa Energy Company Limited,” the statement added.
“We are extremely proud to have completed this strategic acquisition. The Renaissance vision is to be ‘Africa’s leading oil and gas company, enabling energy security and industrialisation in a sustainable manner.’
We and our shareholder companies are therefore pleased that the Federal Government has given the green light for this milestone acquisition in line with the provisions of the Petroleum Industry Act,” said Tony Attah, managing director/CEO of Renaissance.
He added: “We extend our appreciation to the Honourable Minister of Petroleum Resources, the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), and the GCEO of Nigeria National Petroleum Company Limited (NNPCL) for their foresight and belief, paving the way for the rapid development of Nigeria’s vast oil and gas resources as a strategic accelerator for the country’s industrial development”.
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