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Akpabio on Gowon @ 91: You remain a beacon of unity, national healing
“Sir, your leadership during and after Nigeria’s civil war continues to shape our history, and your ‘No Victor, No Vanquished’ policy remains a beacon of unity and national healing.”
These were the words with which Godswill Akpabio, Senate President, captured the essence of Yakubu Gowon, former Nigerian Head of State in shaping Nigerian history positively, particularly his historic role to protect its unity.
Akpabio, who joined other Nigerian leaders in congratulating the former Nigerian leader who turned 91 on Sunday, October 19, 2025, particularly referred to the policy of “No Victor, No Vanquished” the former Head of State declared at the civil war Nigeria fought under his leadership, saying, he remained a beacon of unity and national healing.
Commending the efforts of the nonagenarian, in keeping Nigeria one, in and out of power, Akpabio, former Governor of Akwa Ibom State and currently Chairman of the National Assembly, stressed that history would be kind the ex-Head of State.
Equally hailing him as a Christian warrior, he particularly praised Gowon’s “Nigeria Prays” initiative, which he described as “a worthy venture, especially at this time when our dear country needs divine intervention, which can only be invoked through prayers,” which he described as “a worthy venture, especially at this time when our dear country needs divine intervention, which can only be invoked through prayers.”
Part of the congratulatory message he personally signed, read: “On behalf of my family, constituents, the Senate and the 10th National Assembly, I wish to heartily rejoice with our former Head of State, His Excellency, General Yakubu Gowon, GCFR, on the occasion of his 91st birthday. It is a thing of joy to see him reach this milestone in life.
“Sir, your leadership during and after Nigeria’s civil war continues to shape our history, and your ‘No Victor, No Vanquished’ policy remains a beacon of unity and national healing. I commend your commitment to peace and inter-generational dialogue, which remains relevant today. Your legacy as a statesman and unifier serves as an inspiration to generations of leaders.
“I pray that God grants you many more years of good health, strength, and wisdom. Your life’s work is a testament to your dedication to Nigeria’s progress. Happy birthday, Your Excellency, and congratulations, Sir.
“On behalf of my family, constituents, the Senate and the 10th National Assembly, I wish to heartily rejoice with our former Head of State, His Excellency, General Yakubu Gowon, GCFR, on the occasion of his 91st birthday. It is a thing of joy to see him reach this milestone in life.
“I commend your commitment to peace and inter-generational dialogue, which remains relevant today. Your legacy as a statesman and unifier serves as an inspiration to generations of leaders. I pray that God grants you many more years of good health, strength, and wisdom.
“Your life’s work is a testament to your dedication to Nigeria’s progress. Happy birthday, Your Excellency, and congratulations, Sir.”
Details of how Hadi Sirika, former Minister of Aviation, tried to scam Nigerians with a fake launch of Nigeria Air continued to emerge on Wednesday, with a witness telling Justice S. C. Oriji of the Federal Capital Territory High Court, Abuja, that the setup was plotted with Ethiopian Airline in the know.
Christopher Odofin, the 12th prosecution witness told the court how Sirika allegedly passed off an aircraft belonging to Ethiopian Airlines in fulfillment of the promise to the late President Muhammadu Buhari.
Dele Oyewale, spokesman of the The Economic and Financial Crimes Commission (EFCC), in a statement capturing the record of the proceedings on Wednesday, said that the “decoy aircraft, adorned with the livery of the promised Nigeria Air,” found its way on the tarmac of the Nnamdi Azikiwe International Airport, Abuja, on May 27, 2023, being three days to the expiration of the tenure of the Buhari government.
He added in a statement that witnessed claimed that the plane was actually flown back to Addis Ababa on the morning of May 29, 2023, being the handover date to the successor government.
Hadi Sirika is facing prosecution by the Economic and Financial Crimes Commission on amended six-count charges bordering on alleged abuse of office and misappropriation of public funds to the tune of over ₦2 billion, alongside his daughter, Fatima Hadi Sirika, son-in-law, Hamma Jalal Sule, and Al Buraq Global Investment Limited.
The contract for the setting up of Nigeria Air was awarded to Tianaero Nigeria Limited, belonging to Gabriel Tilmann, a close associate and friend of the former minister. The witness, an investigator with the EFCC, reading from a portion of the contract agreement with Ethiopian Airlines, said: ‘The aircraft will depart from Addis Ababa (ADD) late evening of May 26, 2023, for it to be positioned early morning of May 27, 2023, at the Abuja (ABV) airport.
The aircraft will stay in ABV airport for static display of Nigeria Air livery until May 28, 2023. The aircraft will leave ABV airport early morning on May, 29, 2023. The chartered flight will be operated by the Ethiopian Airline crew in Ethiopian Airline uniform.
The Federal Government of Nigeria and Nigeria Air may put together local models who will be in Nigeria Air uniforms to pose for ceremonial pictures. The models may come to Addis Ababa so they may fly with the chartered flight to ABV.
The statement narrated how the witness told the court that the display of the aircraft in Abuja International Airport was “deliberately planned to coincide with the end of the first defendant’s tenure as Nigeria’s Minister of Aviation and Aerospace Development on May 29, 2023, and to pass the aircraft off as the actualisation of his promise of the return of Nigeria Air”.
Before adjourning to June 17, the court also heard how after the less than 72 hours display of the aircraft, that the Nigeria Air logo was removed from the aircraft and flown back to Ethiopian Airlines in Addis Ababa.
“The witness further disclosed that the investigating team was also able to ascertain that Ethiopian Airlines entered into a charter arrangement for the static display of the Nigeria Air livery for a duration of just three days, beginning from May 27 to May 29, 2023 based on information and documents received from the airline following a letter from it, dated June 12, 2023, in response to the EFCC’s request for information regarding Nigeria Air, and that though the purpose of the contract was for the establishment of Nigeria Air, the charter agreement with Ethiopian Airlines was entered on May 24, 2023, five days to the expiration of the defendant’s tenure for just a static display of the Nigeria Air logo on an aircraft.
“All the documents tendered in evidence by the prosecution were shown to have been duly signed, authorised, and accompanied by certificates of identification and were not objected to by any of the counsels to the four defendants,” the EFCC said in the statement.
It further stated that among the exhibits was a compact disc containing a voice note from the first defendant, Hadi Sirika, marked Exhibit 37, which the prosecution counsel applied to be played in the court at the next adjourned date.
“Further in his testimony, the witness told the court that though the contract for the start-up of Nigeria Air, which was awarded to Tianaero Nigeria Limited for over ₦299 million on April 4, 2022, saw a contract extension award to the company on October 17, 2022, to a sum, exceeding ₦599 million on the instructions and directives of the first defendant, based on his relationship with the company’s alter ego.
He said: “The investigating team arrived at this position when the phone of one Enitan Muyiwa Abel, who was a Permanent Secretary in the first defendant’s ministry, was analysed, showing a voice note sent to the Permanent Secretary while the first defendant was in Spain instructing him to ensure that the contract was awarded to Tianaero Nigeria Limited.’
Jim Ovia, one month after exit as Chairman of Zenith Bank Plc, is lunging into the real estate business, in search of the “mega bucks,” with the price tag of one of his first proposed luxury apartments in Lagos put at $2.8million (N3.8billion).
The iconic banker and largest shareholder of the bank reputed to be the biggest in Nigeria, with branches spreading across Africa and beyond, was quoted in a report on ARISE NEWS Television as saying that the property sector offered better returns than banking.
The report said the 74-year-old would commence with the Quantum Luxury Properties Ltd. – a two high-end residential projects in Lagos – housing a 26-storey Metropolitan Towers, with an expected unit price starting from $1.85 million, and the 44-unit Quantum Luxury Towers, going as high as $2.8 million starting price.
The accomplished banker, who left his post as Chairman after a 12-year-two-term stint allowable by law was said to have unveiled the plan during an interaction at his office at Civic Towers in Lagos.
There, Ovia reportedly told his visitors that both projects were already attracting strong interest from buyers and had already recorded significant sales, adding: “Real estate is more profitable than banking. I’m moving into real estate full-time.”
The report, while citing trends in the luxury property market in Nigeria’s main commercial centre now known as a mega city, maintained that it had continued to attract wealthy investors seeking protection from inflation, currency depreciation and limited investment alternatives, also quoted experts in the industry to back up the assertion.
Citing the confirmation of Diya Fatimilehin & Co., Nigeria’s foremost estate surveying firm, the report stated that rental prices in Lagos’ luxury districts of Banana Island, Ikoyi and Victoria Island rose by 51 per cent between 2024 and 2025, reinforcing demand for premium real estate.
It however quoted Jubril Enakele, Chief Executive Officer of IRON Capital Partners and a former executive within Zenith’s investment banking operations, as saying that Ovia’s interest in the sector predates his latest move.
“Mr. Ovia’s interest in real estate started much earlier than just now,” Enakele was quoted as saying, adding that the focus on design, infrastructure and asset quality of the retired banker had long been evident in projects associated with the banker.
Ovia stepped down as chairman of Zenith Bank on May 5 after completing the maximum 12-year tenure allowed by regulators. While he remains the bank’s largest individual shareholder, his departure marks the end of a leadership era at the institution he founded in 1990 with an initial capital base of about ₦20 million.
Under his leadership, Zenith Bank grew into Nigeria’s largest lender by market value and one of the country’s most profitable financial institutions. The bank recorded profits exceeding ₦1 trillion in both 2024 and 2025.
Beyond banking, Ovia has built a portfolio of investments that includes Civic Centre and Civic Towers in Lagos, the sale of Visafone to MTN Group, and an early investment in Moniepoint.
“The most disturbing aspect of the financial management fiasco under Bola Tinubu is that there is no explanation or information regarding how the balance was utilised or deployed.”
These were the exact words with which Peter Obi, candidate of the Nigeria Democratic Congress (NDC) in the 2027 presidential election bemoaned the umpteenth time, the penchant of President Bola Ahmed Tinubu to embark on inexplicably, reckless borrowing.
Obi, who had been consistent in questioning the hunger for foreign loans by the government of the All Progressives Congress (APC), right from the years of President Muhammadu Buhari, was aghast that the incumbent, Bola Ahmed Tinubu, had surpassed the previous government without anything to show for it.
Using his X platform, Obi, who bemoaned the situation where Nigeria’s total public debt had bloated to about N200 trillion under Tinubu’s administration, representing an increase of more than N100 trillion within three years, demanded explanations for what he called the government’s lack of transparency in the utilisation of the borrowed funds.
Stressing how the Tinubu’s accumulated debt had significantly outstripped that of Buhari, the former Governor of Anambra State, lamented that the current debt burden had become a major concern for Nigerians already struggling with economic hardship, inflation and declining purchasing power.
Hear him: “President Bola Tinubu’s administration has engaged in remarkably imprudent borrowing, escalating Nigeria’s total debt to approximately N200 trillion.
“This represents an increase of over N100 trillion within a mere three years, a stark contrast to the roughly N49 trillion accumulated during President Muhammadu Buhari’s eight-year tenure.
“As millions of Nigerians grapple with the shock of this unsustainable debt accumulation, the situation is exacerbated by the government’s reckless approach to borrowing and a profound absence of accountability and transparency in the utilisation of these funds.”
Citing figures from the Federation’s Budget Office, claiming that the federal government borrowed N11.89 trillion between January and September 2025, exceeding its planned borrowing target of N10.34 trillion for the period, he argued that such an overrun should ordinarily trigger scrutiny and explanations from relevant government institutions.
He contended that only N3.10 trillion of the borrowed funds was committed to capital projects during the same period, representing what he described as a small fraction of the amount budgeted for infrastructure and development programmes, adding that the discrepancy between the volume of borrowing and actual capital expenditure raises serious questions about the destination and utilisation of the funds.
Challenging the government to provide a detailed account of the spending of the funds, insisting that Nigerians deserved full disclosure on how public resources were being managed, he said: “The question that Nigerians are rightly asking and deserve an answer to is what happened to the balance?”
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