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Obasanjo brought shame to Nigeria – Falana

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Human rights activist, Femi Falana, on Friday urged former President Olusegun Obasanjo to admit that he (Obasanjo) brought shame to the country during his time as Nigeria’s leader.

Falana said the ex-President should stop insulting the collective intelligence and memories of Nigerians having instituted the culture of impunity in the country.

Speaking to journalists in Benin City, Edo State, Falana said he was surprised when he read that the Senate had asked President Muhammadu Buhari to bring a fresh person to replace Ibrahim Magu as chairman of the Economic and Financial Crimes Commission (EFCC).

He noted that Obasanjo had the opportunity to be great by providing good leadership and rid the country of corruption.

The lawyer stated that apart from the allegations of nepotism and clannishness Obasanjo leveled against President Buhari, “other allegations made there were nothing to write home about.”

He said: “In another words, all the other allegations took place under President Obasanjo and in fact, he institutionalized the culture of impunity under the democratic dispensation in Nigeria.

“If President Obasanjo who ruled this country for 11 and half years has institutionalized democracy, rule of laws and respect for human rights, we will not be in this mess and the control of Nigeria by the Nigerian people, we will be having an Eldorado by now.

“So, please, let Obasanjo and others be honest to admit that they brought us to this shameful episode. So, nobody should grandstand when it comes to the mis-governance of Nigerians.

“Nobody has apologized. The fact that from 1999 to 2007, this country, made close to hundred billion dollars from the sale of one commodity, oil. What is there to show for it rather than permanent darkness?

“The more you spend on energy, the more darkness you get. So what is there to celebrate? What we have were mass unemployment and sales of national assets to few boys who were closed to the presidency, rigging of elections.

“You have all forgotten that the results from Delta, Ondo and others were announced in Abuja and in those states in order to rig those elections. What is there to celebrate?

“President Obasanjo is entitled to form his own political party or his own movement but he should please desist from insulting the collective intelligence and the collective memories of Nigerians.

“When Sharia started, the federal government did not challenge the unconstitutionality. Under that era, we had ethnicity and religious violence that claimed lives of over 20,000 Nigerians.

“With great respect to former President Olusegun Obasanjo, apart from the allegations of nepotism and clannishness, which cannot be disputed, every other allegations made there, is nothing to write home about. In other words, all the other allegations took place under Obasanjo and in fact, he institutionalized the culture of impunity under the democratic dispensation in Nigeria.

“Many of us have forgotten the abduction of Governor Chris Ngige, many of us have forgotten the fact that the National Assembly and the House of Representatives displayed bales of naira with which it was alleged that the presidency wanted to bribe the legislators.

“Many of us have forgotten about the third term agenda or the fact that many people who were also closed to the seats of power were treated like sacred cows even in the fight against corruption. But I do not want to join issues with Obasanjo for now on his letter so that one is not seeing as endorsing impunity in our country but other than the allegations of nepotism and clannishness which the presidency is notoriously noted for, I think, they are birds of same feathers.”

 

 

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BREAKING : Air Peace is set to launch direct flights from Lagos to Brazil, following an agreement reached during President Tinubu’s visit to Brazil

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Air Peace, is set to begin direct flights from Lagos, Nigeria  to São Paulo, Brazil following an agreement reached during President Bola Tinubu’s state visit to Brazil

Details later

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Breaking : Panic as Abuja-Kaduna Train Derails

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A passenger train traveling from Abuja to Kaduna derailed on Tuesday morning, sparking panic among passengers and their families.

The incident reportedly occurred along the Kaduna corridor shortly after the train left Abuja around 11 a.m. on its way to Kaduna.

A passenger on board described the situation as “chaotic,” noting that people were “scrambling to safety in fear and confusion.”

The cause of the derailment remains unclear, but official confirmation indicates about six people sustained injuries, with no fatalities reported.

According to security sources, military personnel have been deployed to the scene to help evacuate stranded passengers.

The Nigerian Railway Corporation has issued a statement on the incident.

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Investing in Nigeria’s mining sector highly profitable, says Alake

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Nigeria, Japan seal deals to boost mining investment

The Minister of Solid Minerals Development, Dr. Dele Alake, has said any company that invests in Nigeria’s solid mineral sector will record good returns on its investment.

The minister described the nation’s mining sectors as highly profitable.

Alake said this in an audience with officials of the Japan Organisation for Metals and Energy Security (JOGMEC) on the sidelines of the ninth Tokyo International Conference for African Trade and Development (TICAD 9) in Yokohama, Japan.

Following the minister’s meetings, Nigeria and Japan expressed their readiness to align investment plans to unlock Nigeria’s vast mineral resources.

Alake assured Japanese investors that President Bola Ahmed Tinubu’s reforms, including subsidy removal, a stabilised exchange rate, and major rail, road, and waterway projects, have created a more enabling environment for businesses.

“In terms of economies of scale, producing and processing the critical minerals you need in Nigeria is cheaper and more profitable as the costs of production are lower,” he said.

The minister noted that recent electricity sector reforms would enable industries to generate and manage their own power supply.

He also assured Japanese mining companies of benefiting from tax holidays and duty waivers on equipment, while urging them to invest in local processing of minerals before export, in line with Nigeria’s value-addition policy.

The meetings also featured the Nigeria Solid Minerals Company (NSMC), represented by its CEO, Martins Imonitie. The NSMC, designed to take equity stakes in mining projects, is expected to serve as a trusted partner to strengthen investor confidence.

A statement yesterday in Abuja by Alake’s Special Adviser on Media, Kehinde Bamigbetan, said the meetings focused on attracting Japanese mining companies into Nigeria’s solid minerals sector.

According to the statement, the President of JOGMEC, Mr. Michio Daito, acknowledged Nigeria’s rich mineral deposits but stressed the need for more clarity on economic conditions before Japanese firms commit to large-scale investments.

Daito noted that some issues, such as power supply, tax incentives, labour, free trade zones, and infrastructure are critical to reducing investment risks.

Explaining that Japanese mining firms rely on JOGMEC to make investment decisions in foreign countries, the organisation’s president sought to have information on the state of infrastructure in Nigeria that supports mining.

Earlier engagements with Japanese trading giants, Mitsubishi Corporation, Sumitomo Corporation, and Mitsui & Company, had signaled growing interest in Nigeria’s mining industry, with final commitments expected after JOGMEC’s approval.

The meeting concluded with both parties agreeing to strengthen technical exchanges and foster direct collaboration between JOGMEC and NSMC to accelerate concrete investment outcomes.

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