news
Nduka Obaigbena, a congenital blackmailer and hustler, “lies without shame” Says Alake and Onanuga
Ordinarily, we consider it beneath us as well-bred media professionals to continue to engage in public spat with Mr. Nduka Obaigbena, a congenital blackmailer and hustler, especially in deference to ceasefire calls by well-meaning leaders and elders. The interventions followed our statement on Monday entitled “Obaigbena and His THISDAY/ARISE News’ Hypocritical Grandstanding On Public Morality”.
But we crave the indulgence of these well-meaning Nigerians to allow us respond to Obaigbena’s latest rambling, called a statement.
The largely diversionary composition was an attempt to deodorise his ethical problems.
Obaigbena tried to deflect attention from those pertinent issues we raised about ethics. There is nothing he said to creditably detract a jot from our accurate summation of his well-known perverse and ignoble approach to media practice over the years, a practice that continues to undermine the integrity of journalism profession in the country.
In his first statement attacking us, Obaigbena craftily attempted to mis-characterise as an attack on free speech, our principled stand against his blackmail to have Asiwaju Bola Ahmed Tinubu appear on Arise TV and its PDP sponsored Town Hall meetings.
In the second statement, he was still adamant that our candidate must attend his Town Hall debate, despite our stance that our candidate is already executing another communications strategy to reach the most important target: the Nigerian voters. We, repeat again: We will not make our candidate available to validate a scheme which, in the light of unassailable information at our disposal, is nothing but a racket by the Arise TV owner, designed to embarrass our candidate.
We now proceed to give a blow-by-blow response to Obaigbena’s latest very poor attempt at red-herring:
Rigmarole on Dasukigate:
How laughable that Obaigbena is now denying he was not in EFCC custody for receiving illicit funds from National Security Adviser Sambo Dasuki. He attempted to rationalise that the money received was compensation for losses incurred by newspaper proprietors following the clampdown by security agents. But he craftily glossed over the meat of the matter: the grave misconduct to have the funds paid into the bank account of Hydrocarbon, a shell company (obviously set up for money-laundering) to which Obaigbena was the sole signatory. Since NPAN has bank accounts, why was the money not transferred there directly?
Moreover, the petty lie in Obaigbena’s statement was punctured by the joint disclaimer issued on 12 December 2015 by Tribune, New Telegraph and Peoples Daily in whose names he had collected money. The three newspapers said they did not receive a kobo.
His claim that he pocketed the chunk of the money received from Dasukigate as compensation for the alleged terrorist attack on his Abuja office is a laughable afterthought.
Rewriting June 12 story:
Contrary to Obaigbena’s lame attempt to rationalise his campaign against June 12 as action taken in furtherance of his membership of National Republican Convention (NRC), nothing can be further from the truth. His long story about sitting close to MKO Abiola on a London-Johannesburg flight begs the questions. He craftily sidestepped the issue of being recruited by the military regime to go on CNN to unconscionably declare “Abiola did not win any election”, shortly after NEC suspended the announcement of June 12 results. That dirty campaign was to prepare the grounds for the eventual annulment on June 23 of the election. If Obaigbena was pro-democracy as he falsely claims, why did he take up media consultancy work to Ernest Shonekan, the head of the Interim National Government, cobbled together by the junta to legitimise the illegality?
South African/London fiascos:
Obaigbena also tried to downplay the gravity of his misadventure in South Africa for which he had to flee, abandoning his office equipment and furniture till today. On one hand, he lied that it was President Nelson Mandela who asked that he set up the newspaper in South Africa because the dominant newspapers in the country were owned by the white establishment. On the other hand, he claimed that the same white establishment frustrated his venture. He forgot that when he floated ThisDay South Africa in 2003-4, a black President was in power!
Contrary to claims that he met a hostile environment, his habitual unethical practices gave him out. His business model of funding his newspapers and a champagne lifestyle from proceeds of blackmail rackets fell flat in South Africa where rules of a good society are rigidly enforced. To deceive advertisers, he inflated his circulation figures which the regulatory agency frowned at. Also, he owed printers and his workers. Gale of complaints against the “carpetbagger from Nigeria” soon reached the authorities and one official was quoted as famously saying, “You call yourself Thisday, very soon it will become That-day”. The prophecy came to pass with chilling accuracy soon after.
On his misadventure in London, Obaigbena disingenuously put it down to Forex crisis as if it happened this year or last year. The details of the judgment by the presiding judge were damning enough: Obaigbena lacks the personal honour and integrity to run any decent company.
His claim that his seven year directorship ban has been appealed is not the full story. He already lost one appeal at the Chancery in August.
Payment of salaries/pension:
Obaigbena tried to deflect his chronic indebtedness as something common in the media industry. It is an affliction peculiar to THISDAY/Arise which purports to make lots of money (as reflected by bumper advert patronage) but curiously still fails to pay workers as and when due. Even when the economy was relatively “good”, Obaigbena never paid workers regularly. His popular saying to staff, as well known in the industry, is that : “THISDAY/Arise ID card alone is your meal ticket”.
Such corrupt philosophy underlies the unethical practices in media companies run by Obaigbena.
A classic illustration of the untold hardship and dehumanization of his workers was provided by Mr. Paul Ibe, who is now the Special Adviser on Media to Alhaji Atiku Abubakar.
Obaigbena tricked Ibe to South Africa with mouth-watering offers. But Ibe ended up enduring hunger there before finding his way back to Nigeria. Following a suit filed at the National Industrial Court in 2011 (suit no NICN/ABJ/26/2011), Mr. Ibe was awarded damages against Obaigbena for backlog of salaries, non-remittance of taxes and pension deducted from his wages over the years and outstanding entitlement. Tens of other staff of Thisday have died due to lack of money for medical care while awaiting Obaigbena to pay them their entitlements.
Open partisanship/Mefy racket:
We observe too that Obaigbena disingenuously sidestepped the questions raised about employing the services of Dr Reuben Abati, a card-carrying member of PDP as anchor person on Arise TV, as well as Obaigbena’s multi-million Naira consultancy role in the ill-fated attempt by a sitting Central Bank governor, Godwin Emefiele to compete for APC’ presidential ticket.
These are weighty moral issues Obaigbena, with all his resourceful facilities to lie and dissemble, could not defend.
Again, we challenge him to deny if Abati wasn’t the running-mate of Senator Buruji Kashamu on PDP’s platform in the governorship contest in Ogun in 2019. Kashamu was a wanted drug lord in the US. Of course, the same Abati, who never allows any opportunity to pass without attacking Asiwaju Tinubu daily, would have been one of those Obaigbena would have lined up at his dubious Town Hall meetings to “interrogate” Tinubu! Such shameless, unethical practice!
Further, while pontificating on public morality, Obaigbena conveniently ignored the perversity of collecting hundreds of millions as “media consultant” to Godwin Emefiele, the occupant of a critical public office from which utmost sobriety and non-partisanship is expected. Through patronizing reportage in THISDAY/Arise, Emefiele was egged on to openly descend into the political arena and bid for the presidential ticket of APC in its last primaries in what is now commonly called the “Mefy racket”.
This has antecedents: Obaigbena was also “consultant” to President Jonathan as he was to Chief Ernest Shonekan. Whatever happened to journalism ethics?
The culture of media merchandising:
In a futile attempt to burnish his image, Obaigbena resorted to dropping the names of U.S. and UK leaders who had attended events staged by him. Dropping the names and pictures of these former Western leaders who attended paid-for-appearance ThisDay events as if they attended when serving in office, is another Obaigbena’s vainglorious clout chasing scheme to scam the public. He failed to disclose that the high-profile personalities who delivered keynote addresses at such events were handsomely paid from money he collected through media blackmail from captains of industries notably bank chiefs. To con the outside world, Obaigbena had boasted in an interview with New York Times that he had corporate fortune of $100m accruing to his company annually. But later, tax officials in Lagos could not reconcile those bogus claims with his tax records and non-remittance of taxes deducted from workers. It was so easy to expose his fake lifestyle.
Since Nduka Obaigbena introduced his blackmail and extortionist brand of journalism into Nigeria, generation of Bank CEOs, company Chief Executives, politicians and Governors from 1999 have suffered in silence, seeking liberation from oppressive journalism by intimidation. In 2009, Nduka Obaigbena raided Niger Delta states with his Thisday Entertainment’s packaged Niger-Delta Peace Concert. He coerced the Niger-Delta Governors then to contribute hundreds of millions of Naira with a promise to bring A-list pop stars such as Jay-Z and Beyonce to perform. After collecting the money the promised superstars didn’t show up. One of the governors was at the airport till almost midnight waiting to receive the superstars. These governors complained and suffered in silence because they were afraid of Nduka and his Thisday Newspaper which he has turned to instrument of oppression.
We took notice of Reuben Abati’s ramblings on Arise TV on his Wednesday Morning Show where he laboured in vain to defend his despicable record and perversions. Abati queried our statement that he is a registered member of PDP.
The query is rather for him. How did he become a deputy governorship candidate to the Late Senator Buruji Kashamu in 2019 without a membership of PDP as required by law?
We really do not expect much from Abati. He is a known pathological liar, who has lived on lies and deceit all his professional life. While he has successfully created the image of a conscientious public intellectual over the years, the fact is that he is a morally bankrupt man who has no scruples in selling his soul to the devil as long as money is involved.
Abati has very odious reputation within the corporate and political circles as “anything goes newspaper columnist” as long as the money is right.
Alake, Adviser, Media and Strategic Communication, and Onanuga, Director of Media and Publicity, sent the statement on behalf of All Progressives Congress (APC) Media and Communication Directorate
news
Update :FG Unveils Additional 10 Steps to Reduce Impact of Rising Fuel Prices
Ok
The Federal Government has announced ten new measures to reduce the pain Nigerians feel from high fuel prices. It insists, however, that none of them brings back the old fuel subsidy for everyone.
The measures were presented by the Federal Ministry of Finance at a press briefing on Thursday, 8 October 2026, titled “Fuel Prices and the Subsidy Question.” The government admitted its earlier steps fell short. According to the presentation, “These measures do not fully relieve the pressure households feel today, so the government is going further.”
The government described the new package as “Help that is targeted, temporary and affordable.” In plain terms, the help is meant for those who need it most, will not last forever, and is designed so that the country can pay for it.
Cheaper petrol and more cash support
The first measure is a discount on petrol sold at NNPC filling stations. The discount will last for the next 30 days, and public transporters, such as commercial bus and taxi operators, will get priority. The government hopes this will help keep transport fares from rising further.
The government also plans to increase cash transfers to vulnerable households. Small businesses will get cheaper loans, known as subsidised credit, to help them cope with higher running costs.
Steps to keep pump prices steady
To protect Nigerians from sudden jumps in world oil prices, the government will sell crude oil in advance to local refineries. This is expected as oil production rises and crude previously committed to other purposes becomes available. The presentation says this will shield “pump prices from global swings.” ShopAfrican Art
The government will also introduce what it calls price modulation. Under this plan, a negotiated limit of ₦1,350 per litre will apply to the ex-gantry price (the price at the depot) or the landing cost (the cost of bringing the fuel into the country). The limit will be reviewed every month, so it can change as conditions change.
A National Strategic Fuel Reserve will also be set up. Fuel from the reserve will be released “under published rules when disruption or hoarding threatens supply.” This means the government can step in when fuel becomes scarce or when marketers hold back products to push up prices.
Lowering the cost of transport and doing business
The government says part of what Nigerians pay for transport comes from illegal charges on the roads. It will work with state governments under the 2025 tax laws to rein in road taxes that push up fares.
It will also speed up the rollout of compressed natural gas (CNG) as a cheaper alternative to petrol, again working with the states. Transporters who benefit from cheaper fuel are expected to “pass savings on in lower fares” to passengers.
Other steps target the cost of goods and services more broadly. The government will cut regulatory costs, described as red tape, that “feed into the price of goods and services.” It will also ease traffic in cities to save fuel, and it will use NIPOST address codes to reduce the cost of moving goods from one place to another.
One measure has not yet been decided. The government is considering an excess profit tax on operators it says exploit consumers. If it goes ahead, the money raised will fund transport support and vouchers for low-income earners.
No return to blanket subsidy
The ministry ended the presentation with a clear message, “None of these measures restores a blanket subsidy.” The government is therefore not returning to the old system, where fuel was sold cheaply to everyone. It says its new approach will reach “the people who need help without putting the wider economy at risk.”
The announcement comes as many households as possible, and businesses struggle with the high cost of transport, food, and other goods linked to fuel prices. How much relief Nigerians feel will depend on how quickly and effectively these measures are carried out, and whether transporters and marketers pass the benefits on to consumers.
news
Nigeria Emerges as Africa’s Biggest Climber in Investment Risk Ranking on Back of Tinubu’s Economic Reforms
![]()
Nigeria has emerged as the biggest climber in Africa’s latest investment risk ranking, rising four places to eighth position as economic reforms implemented by President Bola Tinubu improved the country’s relative attractiveness to investors, a new report by Bloomberg has stated.
Nigeria overtook Rwanda, Tanzania, Kenya and Namibia in the 2026 Bloomberg Economics Investment Risk-O-Meter, which assesses the relative investability of 19 African economies.
Bloomberg, in the report released on Monday, said Nigeria’s improvement was driven by stronger performance in three of the five indicators used in the assessment: economic strength, fiscal strength and external vulnerability.
“Nigeria was the biggest climber in a ranking of Africa’s most investable markets, propelled by President Bola Tinubu’s economic reforms, according to the findings of the latest edition of An Investor’s Guide to Africa.
“The continent’s biggest oil producer and refiner rose four places to eighth in the 2026 Bloomberg Economics Investment Risk-O-Meter, overtaking Rwanda, Tanzania, Kenya and Namibia as it improved in three of the five metrics assessed by the gauge: economic strength, fiscal strength and external vulnerability,” Bloomberg reported.
The development puts Nigeria among the biggest gainers on the continent, despite ongoing concerns about the country’s high public debt, cost of living, inflation, infrastructure deficit and foreign exchange pressures.
Mauritius emerged as the most investable African market in the latest ranking, while Botswana fell two places. South Africa, which topped the ranking in the previous edition, also dropped one place following a weaker economic growth outlook.
Nigeria’s improved position comes more than three years after Tinubu assumed office and embarked on a series of major economic reforms aimed at restructuring the country’s fiscal and monetary environment.
Add to Preferred Sources
Among the most significant measures were the removal of the petrol subsidy, reforms to the foreign exchange market and changes to electricity tariffs.
The Federal Government has repeatedly defended the reforms as necessary to address distortions that had weighed on public finances, discouraged investment and placed pressure on foreign exchange reserves.
However, the policies have also increased economic hardship for households and businesses, particularly through higher transport, food and energy costs. Despite the adjustment pains, Nigeria’s economy has continued to expand during the period under review.
Real Gross Domestic Product growth rose from 2.54 per cent in the third quarter of 2023 to 3.46 per cent in the fourth quarter of that year.
The economy subsequently grew by an average of 3.19 per cent in 2024 before accelerating to 3.85 per cent in 2025, its strongest annual performance within the period covered by the assessment.
Growth stood at 3.89 per cent in the first quarter of 2026, bringing the average quarterly growth between the third quarter of 2023 and the first quarter of 2026 to about 3.46 per cent.
The stronger growth performance has come alongside efforts by the government to increase revenue, reduce fiscal leakages and attract investment into critical sectors of the economy.
Nigeria’s improved position in the Bloomberg ranking, however, comes against the backdrop of a substantial increase in public debt.
Data from the Debt Management Office showed that Nigeria’s total public debt stood at N87.38tn as of June 30, 2023, shortly after Tinubu took office. By December 31, 2025, the figure had risen to N159.28tn. This represents an increase of N71.90tn, or about 82.3 per cent, in two and a half years.
The increase was driven by new borrowing, foreign exchange adjustments and the securitisation of certain legacy obligations, according to the DMO.
The development is significant for a country that has struggled for years to attract sufficient foreign capital because of concerns over exchange-rate instability, policy uncertainty, weak infrastructure, insecurity and limited fiscal space.
The reforms under the Tinubu administration have sought to address some of these constraints by allowing market forces a greater role in determining fuel prices, foreign exchange rates and electricity tariffs.
The foreign exchange reforms, in particular, were designed to reduce multiple exchange rates and improve transparency in the currency market, while the removal of the petrol subsidy was intended to reduce the government’s fiscal burden.
The electricity tariff reforms were also aimed at improving the financial viability of the power sector and encouraging investment by allowing electricity prices for some customer categories to better reflect supply costs.
Nigeria’s rise in the Bloomberg ranking therefore marks an improvement in its relative position among African investment destinations, even as investors continue to monitor the sustainability of its reforms, debt burden and economic growth.
news
Update : Tinubu Expected Back in Abuja Today After Six-Day Stay in Lagos
President Bola Ahmed Tinubu is expected back in Abuja this evening after concluding a six-day stay in Lagos, the Presidency announced on Monday.
The President will depart Lagos for the Federal Capital Territory after a visit during which he participated in activities marking Nigeria’s 66th Independence Day anniversary and held other engagements. SahelSecurity Report
Tinubu arrived in Lagos on Tuesday, September 29, following his annual holiday in London and Paris.
While in Lagos, the President addressed Nigerians on October 1 to mark the country’s 66th Independence Day anniversary.
Later that day, he attended the national premiere of MKO, a documentary chronicling the life, political struggle, and legacy of the late Chief Moshood Kashimawo Olawale Abiola, as well as the historic June 12 pro-democracy struggle.
Powered by VidCrunch
The premiere was held at the Wole Soyinka Centre for Culture and Creative Arts in Lagos.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed the President’s return to Abuja in a State House statement issued on Monday.
“President Bola Ahmed Tinubu will depart Lagos for Abuja this evening after his six-day visit to the former seat of government,” Onanuga said.
-
news6 years agoUPDATE: #ENDSARS: CCTV footage of Lekki shootings intact – Says Sanwo – Olu
-
lifestyle6 years agoFormer Miss World: Mixed reactions trail Agbani Darego’s looks
-
health6 years agoChairman Agege LG, Ganiyu Egunjobi Receives Covid-19 Vaccines
-
lifestyle5 years agoObateru: Celebrating a Quintessential PR Man at 60
-
news1 year agoBREAKING: Tinubu swears in new NNPCL Board
-
health6 years agoUPDATE : Nigeria Records 790 new cases of COVID-19
-
entertainment2 years agoAshny Set for Valentine Special and new Album ‘ Femme Fatale’
-
society3 years agoBisbam CEO, Abisola Bamidele, Bags Owu Chieftaincy Title