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BREAKING: NNPC replies Atiku *You lie! Tinubu has no hand in OVH

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There is no truth in the outcry by former Atiku Abubakar, former Vice President to the effect that President Bola Tinubu and his family, have cornered the Nigerian National Petroleum Company Limited (NNPCL), Nigeria’s major cash-cow, the management of the company, said on Thursday night.

In a quick riposte, by Olufemi Soneye, the company’s spokesman, on Thursday, neither the President, nor Wale Tinubu, Chief Executive Officer (CEO) of Oando Plc, one of Nigeria’s oil majors, had any interest in the NNPCL’s retail outlet, under the recent OVL deal.

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Against the backdrop of the allegation by the former VP, bemoaning “the criminal hijack of the NNPC by corporate cabals around the current President,” which went viral on Wednesday, the company, stated that nothing could be farther from the truth, especially the claim that Mele Kyari as the Group Chief Executive Officer (GCEO) of NNPCL, was for him to seal the deal.

Soneye, in the pushback, said in a statement: “We are a commercially-focused and profit-driven company managed by professionals who are committed to adding value to the nation. Investment decisions by NNPC Ltd Management are strictly determined on the basis of commercial viability and national interest.

“At the time NNPC Ltd acquired OVH in 2022, Oando (in which Mr. Wale Tinubu has equity interest), had fully divested its equity in OVH to the two other partners – Vitol and Helios. Oando actually began its divestment in 2016, with Vitol and Helios coming in as equity partners, leading to the change of name from Oando to OVH. In 2019, Oando fully divested its equity interest in OVH resulting in Vitol and Helios holding 50% equity interests respectively.

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“Upon acquisition of OVH by NNPC Ltd, both NNPC Retail Ltd and OVH effectively became subsidiaries of NNPC Ltd. However, based on professional advice and sound commercial considerations, NNPC Ltd opted to merge NNPC Retail Limited into OVH, and thereafter retain NNPC Retail Limited as the company name post-merger.

“The first step of merging NNPC Retail Ltd into OVH has been completed and the post-merger renaming as NNPC Retail Ltd is ongoing. Contrary to the false alarm raised, neither Wale Tinubu nor the President has any interest in the OVH acquisition. As a businessman, the former Vice President should know that effectiveness in business leadership is best measured by balance sheets and bottom lines rather than pedestrian considerations.

“The management of NNPC Ltd, under the leadership of Mr. Mele Kyari, has done very well in growing the company’s fortunes as shown in the 2023 Audited Financial Statement (AFS), where it reported N3.3 trillion as profit after tax. NNPC Ltd as a commercial entity is devoid of political interest and shall continue to conduct its business full of commitment to national interest and value creation for the benefit of all stakeholders. NNPC Ltd shall resist any attempt to draw its Board and Management into partisan politics.”

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Atiku, had in the damning allegations, via a statement signed by Paul Ibe, his spokesman, said: “Just as Alpha Beta, Primero, and others act as Tinubu’s proxies in Lagos, managing critical sectors and generating revenue for him and his family, he has begun to replicate this at the federal level.

“In October 2022, just five months before the elections, the NNPC Retail controversially announced it had acquired OVH and all its filling stations. NNPCL already had about 550 filling stations across the country but claimed it was enhancing its capacity by acquiring OVH, which had only 94 stations and 100 others leased.

“The NNPC did not disclose the purchase price of OVH or the terms of the acquisition. A Freedom of Information request by Premium Times was also rejected by the NNPC, which claimed to be a private company despite still being government-owned.

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“Following this dubious deal, Mele Kyari was controversially retained as NNPC GMD despite his incompetence. Tinubu then appointed his former boss at Mobil, turned ally, Pius Akinyelure, as NNPC Chairman, while he himself took on the role of Minister of Petroleum.

“In a move that defies economic logic, OVH, previously owned by NNPC Retail, has now acquired NNPC Retail. This absurd situation means that Wale Tinubu’s Oando now owns 49% of NNPC Retail. Moreover, Nigeria paid Wale Tinubu a significant sum to facilitate the Tinubu family’s acquisition of the national oil company. This represents a clear case of illogical business transactions and abuse of office by President Tinubu, who has prevented NNPC from becoming a public liability company as stipulated by the PIA.”

Bewailing the situation, the statement, added: “Senator Opeyemi Bamidele, who is heading the National Assembly panel, is a known supporter of Tinubu. He served as a commissioner under Tinubu in Lagos State and publicly calls him his godfather. Given that Tinubu is the Petroleum Minister, he should be held responsible for the sector’s issues. I doubt Bamidele will conduct a thorough investigation that might implicate his patron.”

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BREAKING! Appeal Court halts Atiku! Says, Mark can’t be ADC Chairman!

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Atiku Abubakar seventh attempt at the presidency has been halted by the Court of Appeal in Abuja, which held that David Mark is not the fit and proper person to assume the position of the National Chairman of the African Democratic Congress (ADC) – the camp that produced the former Vice President as candidate of the party.

Hours after the former VP, who had attempted the bid for the nation’s number one job and is on the seventh edition by virtue of his nomination for the 2027 presidential election by the Mark, agreed with the position of the Federal High Court, Abuja, restraining the Independent National Electoral Commission (INEC) from recognising or participating in any state congresses organised by the former Senate President.

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Justice Okon Abang, while reading the lead-judgement in the three-to-one split, said there was no reason for the appellate court to set aside the April 29 order by the lower court, adding that Justice Joyce Abdulmalik, who barred Mark and his executives from interfering with the tenure and functions of the party’s elected state executives, was in order.

Agreeing that the responsibility for conducting state congresses of political parties rested with elected state executive committees and not with the national leadership, he ordered INEC not to recognise the executive produced as a result of the defective process.

Though his position was echoed by Donatus Okorowo in the majority, Justice Abba Mohammed, who disagreed sharply, with a dissenting judgment, held that the case that precipitated the restraining order bordered on a non-justiciable internal affair of a political party, adding that lower court was wrong to have assumed jurisdiction to entertain the matter.

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Lest we forget: Ibom Deep Seaport and Senator Godswill Akpabio — A prophecy foretold?

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By Ken Harries Esq

Some speeches disappear with the applause that greets them. Others acquire greater force with the passing of time. Their words do not change; history simply grows into them. Years later, they resonate with fresh power, not because they have been rewritten, but because the nation has finally arrived at the realities they foresaw.
One such speech was delivered in April 2012 at the 2nd South South Economic Summit in Asaba. There, Senator Godswill Akpabio, then Governor of Akwa Ibom State, presented what many regarded as an ambitious vision for maritime corridor and blue economy development.

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Speaking before political leaders, investors, and development stakeholders at the 2nd South South Economic Summit in Asaba, Akpabio outlined what many regarded as an ambitious vision for a model state in particular and regional development in general. Long before the Ibom Deep Seaport became a national priority, he argued that Nigeria needed new maritime gateways, integrated industrial clusters, aviation maintenance facilities, and modern logistics infrastructure to unlock economic growth. His vision was not simply about building a port; it was about creating an economic ecosystem capable of transforming a region and strengthening the nation’s competitiveness.

Fourteen years later, those remarks read less like political advocacy and more like an economic blueprint whose underlying logic has steadily been vindicated by events and times. Looking back today, his address appears almost prophetic—not because it predicted the future in mystical terms, but because Nigeria has gradually grown into the ideas it contained.

Truly visionary speeches never fade; they gather strength with time. This one deserves renewed attention, not because every prediction has materialised exactly as envisioned, but because it reveals a quality increasingly scarce in public leadership: the ability to think beyond electoral cycles.
Nigeria has never lacked projects. What it has often lacked are leaders willing to imagine the infrastructure of tomorrow while grappling with the demands of today. Akpabio’s vision was shaped by precisely that instinct.

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At a time when public discourse was largely focused on roads and recurrent expenditure, he spoke instead of logistics corridors, industrial ecosystems, aviation maintenance, manufacturing clusters, export processing zones, maritime and blue economy opportunities, and security reform—not as isolated initiatives, but as interconnected pillars of national competitiveness.

His vision for the then proposed Ibaka Deep Seaport, now known as the Ibom Deep Seaport, best illustrates this broader philosophy. Rather than presenting it as another state prestige project, he framed it as a strategic response to structural inefficiencies in Nigeria’s maritime sector and the wider economy. He argued that the Lagos ports were already burdened by severe congestion, with vessels waiting for extended periods to berth, driving up costs, disrupting supply chains, and delaying the delivery of critical imports, including pharmaceuticals.

His objective, however, was never to rival Lagos, but to complement it. The distinction is fundamental. No major trading nation concentrates all its strategic maritime infrastructure within a single corridor. Successful economies spread capacity, ease bottlenecks, and create multiple gateways through which commerce can flow efficiently. Nigeria has long recognised this principle in policy documents; Akpabio was among the few public leaders articulating it so clearly more than a decade ago.

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Equally significant was his emphasis on geography. He reminded his audience that Ibaka possessed a naturally deep coastline requiring little or no dredging, with water depths of approximately fifteen to seventeen metres. According to his account, the location had been identified as suitable for a deep seaport as far back as 1963, yet decades passed without meaningful progress. His observation that “being a minority area, there was nobody to push it” reflected a broader concern that strategic national investments have too often been influenced by political considerations rather than economic merit.

Whether one agrees entirely with that assessment is, in many respects, secondary. The larger point is that Akpabio consistently argued that national infrastructure should be driven by economic logic, strategic necessity, and long-term national interest rather than sentiment or political convenience. More than a decade later, that remains a lesson Nigeria is still striving to learn.

Yet, to see the 2012 Asaba address merely as a speech about a deep seaport is to miss its larger significance. The Ibom Deep Seaport was never presented as an end in itself. It was conceived as the anchor of a much broader economic ecosystem—a platform around which industries, manufacturing, aviation, logistics, free trade, and investment could flourish.

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Akpabio envisioned the acquisition of about 14,000 hectares of land to support a self-sustaining industrial city comprising fertiliser and ammonia plants, refining capacity, manufacturing facilities, and a Free Trade Zone. What development economists today describe as industrial clustering was already embedded in his thinking. The port was simply the gateway.

That broader vision deserves a discussion of its own. Today, Ibom Deep Seaport in that Asaba Speech has berthed.

•Ken Harries Esq is an Abuja-based Development Communication Strategist.

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Forgery: Nnaji, ex-Minister, regains freedom *Barred from leaving Nigeria!

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Justice Joyce Abdulmalik of the Federal High Court in Abuja, on Monday, granted allowed Uche Nnaji former Minister of Science and Technology, to go home, on the condition of a N20million bail bond.

Nnaji, who was arrested at Nnamdi Azikiwe International Airport (NAIA), Abuja on July 1 by officials of the Independent Corrupt Practices and other Offences Commission (ICPC), while returning to Abuja, was granted bail after pleading not guilty to a six-count certificate forgery charge.

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The anti-corruption agency alleged that Nnaji, Minister of Science and Technology between August 16, 2023 and October 6, 2025, when he resigned office after a crisis regarding his university degree broke out is currently the governorship candidate of the Peoples Democratic Party (PDP) in Enugu for in the 2027 general election, squaring up against Peter Mba, the incumbent, who incidentally won his office in 2023 under the same PDP, before defecting to the ruling All Progressives Congress (APC).

He was accused of forging his academic credentials, especially a degree certificate from the University of Nigeria, Nsukka (UNN) alongside presenting a bogus National Youth Service Corps (NYSC) discharge certificate during his ministerial screening process in 2023.

At the proceedings on Monday, the former Minister pleaded not guilty to the charges, and following an application by James Onoja (SAN), his lawyer, was granted to bail in the sum of N20 million with one surety in the like sum, who must also be a civil servant resident in Abuja, not be below grade level 15.

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The court, which ordered the surety to depose to an affidavit of means, mandated the former Minister to also surrender his international passport and not travel outside the country without permission, while fixing September 21 for the commencement of the trial.

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