Nigerian billionaire Aliko Dangote blamed fellow tycoon Abdul Samad Rabiu for attempting to instigate a probe into alleged money laundering at companies run by Africa’s richest man.

Dangote, who runs Nigeria’s biggest cement maker and is about to start operating Africa’s largest oil refinery, in a seven-page advertisement published in local newspapers alleged that Rabiu was behind an attempt to get President Bola Tinubu’s government to embroil Dangote Industries Ltd.in a probe into the Central Bank of Nigeria. Dangote’s companies aren’t under any investigation.

A spokesman for Dangote didn’t answer phone calls or respond to messages, while a spokesperson for BUA couldn’t be reached for comment.

The allegations, which first surfaced in 2016, were resurrected when Tinubu in July ordered a probe into operations at Nigeria’s central bank over the past eight years. Tinubu alleged that several unidentified Nigerian businesses engaged in money laundering as the central bank oversaw a complex foreign-exchange regime that critics say encouraged arbitrage.

“As an organization, it is not our custom to respond to any spurious allegation,” Dangote Industries said in the advertisements published on Friday. “But to the fact that this is a rehash of a similar report peddled by a competitor masquerading as a concerned Nigerian in 2016, we are therefore constrained to provide context to this issue.”

Rabiu responded hours later accusing his rival of a litany of infractions against his business since the early 1990s, including giving him a dud cheque on one occasion.

“To Dangote and the Dangote Group, we say: Let us build, not belittle,” Rabiu’s BUA Group said in a post on X. “While we may share the marketplace, we need not share malice. We have nothing to do with your self-inflicted issues. Blame no one but yourself.”

Dangote has a net worth of $16.4 billion, according to the Bloomberg Billionaires Index, while Rabiu’s wealth is valued at $5.5 billion.

 

Bloomberg

Sheila Bush, a cosmetologist, was lounging in the recliner at her St. Louis-area home last winter when an advertisement from a law firm flashed up on her television screen, urging viewers to call a toll-free number if they or a loved one had used hair relaxers and been diagnosed with uterine cancer.

After seeing the ad three times, Bush, who said she had used hair relaxers every six weeks for most of her life and was diagnosed with uterine cancer about a decade ago, decided to pick up the phone.

The ads Bush saw, on television as well as on her social media feeds, were part of a nationwide effort by law firms to sign up Black women to file lawsuits alleging at least a dozen cosmetic companies, including L’Oreal and Revlon, sold hair relaxers containing chemicals that increased the risk of developing uterine cancer – and failed to warn customers.

The recruitment campaign launched in October last year, days after a U.S. National Institutes of Health (NIH) study found an association, though not a causal link, between frequent use of chemical hair relaxers and uterine cancer. Hair straighteners such as L’Oreal’s Dark & Lovely and Revlon’s Creme of Nature are marketed overwhelmingly to women of color, according to the lawsuits.

Some of the ads show Black women applying hair products before cutting to a summary of the NIH study’s findings.

L’Oreal and Revlon told Reuters their products are subject to rigorous safety reviews. The companies noted that the authors of the NIH study said they didn’t draw definitive conclusions about the cause of the women’s cancers and that more research is warranted.

“We do not believe the science supports a link between chemical hair straighteners or relaxers and cancer,” Revlon said. L’Oreal added that it is committed to offering the best products “for all skin and hair types, all genders, all identities, all cultures, all ages” and that its hair relaxers have a “rich heritage and history” originating with Black inventors and entrepreneurs.

Namaste, which markets ORS Olive Oil relaxers, said all ingredients in its products are approved for cosmetic use by U.S. regulators. “We do not believe the plaintiffs have shown, or will be able to show, that the use of Namaste hair relaxer products caused the injuries that they allege in their complaints,” a lawyer for Namaste and its parent company, Dabur India, said in an email response to Reuters.

The other companies named in the litigation declined to comment or didn't respond to requests.

The success of the legal claims will hinge on demonstrating the products were harmful and that the companies knew, or should have known, of the danger and failed to warn customers. But the cases face hurdles: In addition to the potential limitations of the NIH study, plaintiffs are suing multiple companies, and if women lack receipts, they may struggle to provide evidence that they used specific products.

Ben Crump, who represented the family of George Floyd, the Black man murdered by a Minneapolis police officer in 2020, and another lawyer, Diandra “Fu” Debrosse Zimmerman, filed the first hair relaxer lawsuit on behalf of a Missouri woman, Jenny Mitchell, shortly after the NIH study was published.

Since then, more than 7,000 similar lawsuits have been filed by many plaintiffs’ lawyers. The cases have been consolidated in a Chicago federal court as part of a multidistrict litigation proceeding (MDL), a procedure designed to more efficiently manage lawsuits filed in multiple jurisdictions.

Even though the legal claims asserted in the lawsuits don’t allege racial discrimination, Crump says the cases should be viewed as “essentially civil rights issues.”

For Black women, “it’s projected on them that they have to live up to some kind of European standard of beauty,” Crump, who represents plaintiffs in high-profile racial discrimination cases and is a regular on cable news, said in an interview.

Bush, aged 69, told Reuters about being mocked by the white children in the schoolyard of her St. Louis school for her “cotton” hair, a common derogatory term used for Black hair texture. “You felt as though you didn’t belong, or weren’t as good as they were,” said Bush, who was born in 1954, the year a landmark U.S. Supreme Court decision found racial segregation in public schools unconstitutional.

The vast majority of the plaintiffs are women of color, according to Jayne Conroy, a lawyer whose firm has filed at least 550 hair relaxer cases, adding that attorneys don’t have full demographic data on their clients.

A master complaint filed in the court proceeding consolidating the lawsuits features many examples of advertisements that plaintiffs contend improperly took advantage of historical racial discrimination. One L’Oreal ad touted “how beautiful Black hair can be,” the complaint said.

The complaint seeks unspecified damages.

Framing the litigation as a civil rights issue could resonate with jurors beyond arguments over complex product liability claims, said Adam Zimmerman, a professor at the University of Southern California Gould School of Law who studies mass tort litigation.

The cases come at a time when Black people are increasingly embracing natural hairstyles. At least 23 states have passed legislation aimed at protecting people from hair discrimination in the workplace and public schools. The U.S. House of Representatives passed similar legislation last year that stalled in the Senate.

Twice as likely to develop cancer

Uterine cancer is the most common form of female reproductive system cancer and rising in the U.S., especially among Black women, according to the NIH.

The American Cancer Society estimates there will be about 66,000 new cases of uterine cancer diagnosed this year in the United States, less than a quarter of the number of 297,790 new cases of invasive breast cancer, and more than three times the 19,710 cases of ovarian cancer.

The NIH study of more than 33,000 women found that those who reported using hair straightening products more than four times in the previous year were more than twice as likely to develop uterine cancer as those who did not. A total of 378 women in the study developed uterine cancer. Black women used the products more frequently than others, the study found.

The researchers did not collect information on the ingredients of specific products the women used, the NIH said. But Alexandra White, the lead author, told Reuters in response to written questions that hair straighteners have been found to include phthalates, parabens, cyclosiloxanes and metals, and may release formaldehyde when heated. She declined interview requests through a spokesperson.

The U.S. Food and Drug Administration plans to propose next April a rule that would ban formaldehyde and formaldehyde-releasing chemicals from hair-straightening products. An agency spokesperson provided no further details on timing.

Formaldehyde is a known carcinogen and has been linked to nasopharyngeal cancer and leukemia, according to the World Health Organization. The NIH study said phthalates and the other chemicals are suspected endocrine disruptors, which can interfere with the body’s hormones and are suspected of contributing to cancer risk.

“Formaldehyde is not an ingredient in Namaste’s hair relaxer products,” the company’s lawyer said. The other companies declined to comment or did not respond to a Reuters query on whether their products contain or release formaldehyde.

Companies and defense lawyers have pointed to what they say are flaws in the NIH study. The companies named in the litigation asked the presiding judge in July to dismiss the lawsuits, noting that the study was the first to raise a possible association between hair straightening products and uterine cancer, undermining plaintiffs’ argument that the companies knew or should have known of any risks related to the products.

The companies also noted that the NIH study consisted of sisters of women previously diagnosed with breast cancer “who therefore may have a genetic predisposition,” they said in a court filing. Lead author White said in a statement in response to Reuters questions that there is currently no strong evidence linking family history of breast cancer to increased risk of uterine cancer.

The plaintiffs “rely entirely on vague allegations that the products, generally, contain ‘toxic chemicals,’” the companies’ defense lawyers at Paul, Weiss, Rifkind & Garrison, Arnold & Porter Kaye Scholer and other firms said in a court filing.

Plaintiffs believe the NIH study will persuade the judge that at least some of the cases should proceed to trial. Plaintiffs can advance their case without proving the products caused cancer, said Jennifer Hoekstra, a lawyer representing Bush. The study from a reputable government institution such as the NIH is likely enough to get cases before a jury, she said.

An FDA rule proposal wouldn’t alter the plaintiffs’ burden to prove they were harmed by the chemicals in hair relaxers, said Zimmerman, the USC law professor. But evidence regulators rely on to support a proposed rule would likely be admissible in court, he said, and FDA actions “often draw lots of attention — thus increasing the numbers of people likely to participate in any mass litigation."

In addition, the judge overseeing the litigation over the summer approved a so-called short-form complaint that makes it relatively easy for plaintiffs to file lawsuits.

Since November last year, plaintiffs’ lawyers have spent about $8 million airing more than 40,000 television ads across the U.S., with much of it concentrated in Baltimore, Houston and Washington DC, according to an analysis of marketing data compiled for Reuters by X Ante, a firm that tracks mass tort advertising for large companies, law firms and investment analysts.

Lawyers seeking hair relaxer plaintiffs have posted on social-media platforms and attended community events.

Quiana Hester said she and her sisters, Ariana and Nakisha, have been interviewing lawyers and are weighing whether to join the litigation after seeing ads on social media from plaintiffs’  law firms.

The sisters said they wanted their mother’s death last year following a battle with uterine cancer to mean something.

Patrice Hester, a former real estate agent, regularly counseled her daughters that wearing natural hair would attract unwanted attention and harm their careers. “She never wanted us to do anything to make us stand out or be a target,” said Ariana, 35, who shared a home with her mother and sister Nakisha in the San Diego area.

Bush, the St. Louis cosmetologist, joined the litigation in August, she said, because of the possibility that hair relaxers cause cancer. "If we find out that that's the case,” she said, “I would like to see that relaxers were taken completely off the market.”

 

Reuters

US and Arab partners disagree on the need for a cease-fire as Israeli airstrikes kill more civilians

The United States and Arab partners disagreed Saturday on the need for an immediate cease-fire in the Gaza Strip as Israeli military strikes killed civilians at a U.N. shelter and a hospital, and Israel said the besieged enclave’s Hamas rulers were “encountering the full force” of its troops.

Large columns of smoke rose as Israel’s military said it had encircled Gaza City, the initial target of its offensive to crush Hamas. Gaza’s Health Ministry has said more than 9,400 Palestinians have been killed in the territory in nearly a month of war, and that number is likely to rise as the assault continues.

“Anyone in Gaza City is risking their life,” Israel’s Minister of Defense Yoav Gallant said.

In the night from Saturday to Sunday, airstrikes hit the Maghazi refugee camp in the central area of Gaza, and Palestinian health officials reported multiple casualties. Maghazi is in the evacuation zone where Israel had urged Palestinians to seek refuge.

U.S. Secretary of State Antony Blinken met with Arab foreign ministers in Jordan on Saturday after talks in Israel with Prime Minister Benjamin Netanyahu, who insisted there could be no temporary cease-fire until all hostages held by Hamas are released.

Jordan’s Foreign Minister Ayman Safadi said Arab countries want an immediate cease-fire, saying “the whole region is sinking in a sea of hatred that will define generations to come.”

Blinken, however, said “it is our view now that a cease-fire would simply leave Hamas in place, able to regroup and repeat what it did on Oct. 7.” He said humanitarian pauses can be critical in protecting civilians, getting aid in and getting foreign nationals out, “while still enabling Israel to achieve its objective, the defeat of Hamas.”

As he left church in Delaware on Sunday, U.S. President Joe Biden hinted at progress in efforts to convince Israel to agree to a humanitarian pause, responding “Yes,” to reporters’ questions about any forward movement on the subject. He did not elaborate.

Senior Hamas official Osama Hamdan told reporters in Beirut that Blinken “should stop the aggression and should not come up with ideas that cannot be implemented.” The spokesman of the Hamas military wing, who goes by Abu Obeida, said in a speech that fighters had destroyed 24 Israeli vehicles and inflicted casualties in the past two days.

Egyptian officials said they and Qatar were proposing humanitarian pauses for six to 12 hours daily to allow aid in and casualties to be evacuated. They were also asking for Israel to release a number of women and elderly prisoners in exchange for hostages, suggestions Israel seemed unlikely to accept. They spoke on condition of anonymity because they were not authorized to brief the press on the discussions.

Israel has repeatedly demanded that northern Gaza’s 1.1 million residents flee south, and on Saturday it offered a three-hour window for residents to do so. An Associated Press journalist on the road, however, saw nobody coming. The head of the government media office in Gaza, Salama Maarouf, said no one went south because the Israeli military had damaged the road.

But Israel asserted that Hamas “exploited” the window to move south and attack its forces. There was no immediate Hamas comment on that claim, which was impossible to verify.

Some Palestinians said they didn’t flee because they feared Israeli bombardment.

“We don’t trust them,” said Mohamed Abed, who sheltered with his wife and children on the grounds of al-Shifa hospital, one of thousands of Palestinians seeking safety at medical centers in the north.

Swaths of residential neighborhoods in northern Gaza have been leveled in airstrikes. U.N. monitors say more than half of northern Gaza’s remaining residents, estimated at around 300,000, are sheltering in U.N.-run facilities. But deadly Israeli strikes have also repeatedly hit and damaged those shelters. The U.N. agency for Palestinian refugees has said it has lost contact with many in the north.

On Saturday, two strikes hit a U.N. school sheltering thousands just north of Gaza City, killing several people in tents in the schoolyard and women who were baking bread inside the building, according to the U.N. agency. Initial reports indicated that 20 people were killed, said spokeswoman Juliette Touma. The health ministry in Gaza said 15 people were killed at the school and another 70 wounded.

Also Saturday, two people were killed in a strike by the gate of al-Nasser Hospital in Gaza City, according to Medhat Abbas, health ministry spokesman. And a strike hit near the entrance to the emergency ward of al-Quds Hospital in Gaza City, injuring at least 21, the Palestinian Red Crescent said.

The World Health Organization called attacks on health care in Gaza “unacceptable.”

Also hit was the family home of Hamas’ exiled leader Ismail Haniyeh in the Shati refugee camp on the northern edge of Gaza City, according to the Hamas-run media office in Gaza. It had no immediate details on damage or casualties.

Israel has continued bombing in the south, saying it is striking Hamas targets.

An airstrike early Saturday destroyed a home in the southern town of Khan Younis, with first responders pulling three bodies and six injured people from the rubble. Among those killed was a child, according to an AP cameraman at the scene.

“The sound of explosions never stops,” said Raed Mattar, who was sheltering in a school in Khan Younis after fleeing the north.

At least 1,115 Palestinian dual nationals and wounded have exited Gaza into Egypt, but on Saturday authorities in Gaza didn’t allow foreign passport holders to leave because Israel was preventing the evacuation of Palestinian patients for treatment in Egypt, said Wael Abu Omar, a spokesman for the Palestinian Crossings Authority.

The U.N. said about 1.5 million people in Gaza, or 70% of the population, have fled their homes.

Food, water and the fuel needed for generators that power hospitals and other facilities is running out.

Anger over the war and civilian deaths in Gaza sparked large demonstrations in Paris, Washington, London, Pakistan and elsewhere on Saturday. “Against apartheid, free Palestinians,” a banner in Rome read.

Turkey said it was recalling its ambassador to Israel for consultations, and Turkish media reported that President Recep Tayyip Erdogan said he could no longer speak to Netanyahu in light of the bombardment.

Thousands of Israelis protested outside Netanyahu’s official residence in Jerusalem, urging him to resign and calling for the return of roughly 240 hostages held by Hamas. Netanyahu has refused to take responsibility for the Oct. 7 attack in southern Israel that killed more than 1,400 people.

“I find it difficult to understand why trucks with humanitarian aid are going to monsters,” said Ella Ben Ami, whose parents were abducted. She called for aid to be halted until the hostages are released.

Thousands of people also joined a demonstration of hostages’ families in Tel Aviv.

Air raid sirens sounded Saturday evening in southern Israel as Hamas launched rockets into Ashkelon. Rocket fire has continued in the area throughout the conflict, forcing tens of thousands of people to evacuate their homes.

Fears continued of a new front opening along Israel’s border with Lebanon. The Israeli military said it had struck militant cells in Lebanon trying to fire at Israel, as well as an observation post for Hezbollah, an ally of Hamas. Throughout the war, Israel and Hezbollah have traded fire almost daily. Hezbollah and Israel fought a monthlong war in 2006 that ended in a tense stalemate.

“We are not interested in a northern front, but we are prepared for any task,” Gallant, Israel’s defense minister, said after touring the border. He said the Air Force is “preserving most of its might for the Lebanon front,” according to a video statement.

Among the Palestinians killed in Gaza are more than 3,900 Palestinian children, the Gaza Health Ministry said, without providing a breakdown of civilians and fighters.

The Israeli military said four more soldiers have died during the Gaza ground operation, bringing the confirmed death toll to 28.

 

AP

RUSSIAN PERSPECTIVE

We won’t talk to Russia – Zelensky

Ukraine is not willing to hold any talks with Russia, President Vladimir Zelensky said on Saturday during a joint press conference with EU Commission President Ursula von der Leyen. He also denied recent media reports that Kiev’s Western backers are pushing it to engage in negotiations.

“Now, none of the EU, US leaders, our partners are putting pressure on us in terms of sitting down [at the negotiating table] with Russia, talking to it or surrendering something to it,” he told journalists. “This is not going to happen,” he added.

Zelensky then said he “does not know” who even publishes such reports. He did admit, however, that he had “got an impression” that the Ukrainian media and Ukrainians themselves are speculating about the idea of potential talks with Russia and about Western nations allegedly pushing Kiev towards such a decision. The president went on to say that he was “surprised” by such sentiments.

Earlier on Saturday, NBC reported that Western officials were holding behind-the-scenes talks with Kiev about the possibility of negotiating with Russia and were even exploring potential concessions Ukraine might agree to in order to end the conflict.

The report also said that the Western nations were concerned about a potential “stalemate” in the conflict and Ukraine “running out of forces” in the future.

Russia has repeatedly signaled its readiness to engage in negotiations with Kiev but has insisted that such talks should take Moscow’s security interests and the “reality on the ground” into account. In autumn 2022, four former Ukrainian territories, including the two Donbass republics, officially joined Russia following a series of referendums. Kiev never accepted their results, branding the votes a “sham” and seeking to restore its control over the four territories, as well as Crimea, which joined Russia in 2014 following another referendum.

In October 2022, Zelensky also signed a decree banning Ukraine from holding any talks with Russian President Vladimir Putin.

This past September, Putin said that if Kiev is willing to end the conflict it should demonstrate its intentions publicly, including by revoking the 2022 decree. “If their wish to achieve something through negotiations is genuine, let them do that,” he said at that time. “Let the Ukrainians themselves say it… announce it publicly,” the Russian president added.

 

WESTERN PERSPECTIVE

Ukraine war not in 'stalemate', more air defense help needed, Zelenskiy says

Ukraine's President Volodymyr Zelenskiy denied on Saturday that the war with Russia had reached a "stalemate", and said more work with allies was needed to strengthen air defences.

His comments came days after Ukraine's Commander-in-chief, General Valery Zaluzhnyi, said in an article the conflict was moving towards a new stage of static and attritional fighting, a phase that could allow Moscow to rebuild its military power.

"Today time has passed and people are tired. But this is not a stalemate," Zelenskiy said during a news conference with visiting European Commission President Ursula von der Leyen.

"Russia controls the skies. We care about our military."

Zelenskiy acknowledged there had been difficulties in the war, now in its 21st month, and that Kyiv had yet to achieve any major successes in its counteroffensive.

But he said Ukrainian troops had no other alternative but to keep fighting and required more support from Western allies, especially with air defences.

Ukrainian forces have made slow progress through vast Russian minefields in a counteroffensive that began in the east and south in early June, but Russia has hit back hard in the east.

Russian troops were mounting numerous attacks near Avdiivka, Lyman and Mariinka in the eastern Donetsk region, the Ukrainian military said in its daily update.

Ukrainian forces were continuing their advance in the southeast towards the sea of Azov, the report added.

 

RT/Reuters

Apologies: Though the most trending issue at present is the yacht yaks, my offering today will not dwell on it. Nor will I want to talk about the army of deliberately befuddling narratives on the yacht from the Nigerian authority. Today’s is also not about the familial invasion of the hallowed chambers of state last week, nor the previous presidential speech from Iya L’oja, the First Daughter, with the Nigerian flag flying, warts and all. Nor is it even about the automobile palliatives for the First Family. Like the Georg Wilhelm Hegel dialectics, I believe all these are theses and antitheses which will soon form a synthesis. By the time this opening glee, the theatrical entrance song preceding the play, finally unfolds, I pray we find the encore that we have lost.

Sorry, I digressed. Today is about the duel between Nyesom Wike, the Fuhrer of Rivers State and lately, the Federal Capital Territory (FCT) and his godson, Siminalayi Fubara, current governor of the state. It is instructive that Wike the godfather in Rivers is, on its flipside, a godson in the FCT where he superintends as the 37th Nigerian state governor, a la the recent Nigerian Supreme Court judgment. Only recently, the FCT got approval for its pulling out from the Treasury Single Account (TSA). No minister of this humongous state economy had ever got such unexampled but suspicious exemption since the creation of the TSA. What is the dominant psychology that has kept the Wikes on the top burner of Nigerian politics? Why is godfatherism a disease that will live with us for a very long time to come? Is Wike a protege of a cancerous blight that has the dual tendencies of being evil and good in equal proportion?

In 1934, German Chancellor and Fuhrer, Adolf Hitler, paid a highly publicized visit to the Friedrich Nietzsche archives at Weimar, a city in the state of Thuringia, Central Germany. Weimar was a focal point of the German Enlightenment. It was also home to leading figures of the literary genre like Johann Wolfgang von Goethe and Friedrich Schiller. To the world, that visit by Hitler was weird and awkward.

So the Fuhrer came to the Nietzsche archives on the invitation of Elisabeth Forster-Nietzsche, younger sister of Friedrich, who became the curator and editor of the late German scholar’s manuscripts. Forster-Nietzsche was to be later accused of mal-editing Friedrich’s unpublished writings to fit her German ultranationalist ideology, as against Nietzsche’s anti-Semitism and nationalism. Hitler was accompanied on that visit by his personal photographer, Heinrich Hoffmann. At the reception room, Hitler held and contemplatively admired the bust of Nietzsche. No doubt calculatedly programmed, the photo that emerged therefrom was to paint the bones of Friedrich bad, even in his graveyard. He was held by some people as the godfather of Hitler’s massacre. A Hitler photograph having an incestuous conversation with Nietzsche specifically drew in the minds of those who saw it a diabolical connect between the two Germans. The photograph eventually found its way into the German press, captioned, “The Fuhrer before the bust of the German philosopher whose ideas have fertilized two great popular movements: the National Socialism of Germany and the Fascist Movement of Italy.”

As told by the duo of Jacob Golomb and Robert Wisrich in their introduction to the book, Nietzsche, godfather or fascism?, apart from Germany, the country of their birth that was the common denominator, Adolf seemed to have nothing in common with Friedrich. While Adolf was an Austrian-born German politician, dictator from 1933 to the day of his suicide in 1945, and one who initiated the World War II by his invasion of Poland in 1939, apart from Mercedez Benz, Nietzsche was one of Germany’s most enduring exports to the rest of the world. Adolf was not only central to the perpetration of the Holocaust, the genocidal rout of about 6 million Jews and millions of other victims of his brutality, he is the world’s most notorious demon ever. On his flipside was Friedrich. Globally acclaimed German philosopher, the young Friedrich, in 1869, at the age of 24, became the youngest human being to hold the Chair of Classical Philology at the University of Basel. His work spans philosophical polemics, poetry, cultural criticism and fiction. He was known for his love for aphorism and irony and drew inspiration from Greek tragedy, science, religion, among others.

Last week, like the Hitler of Nigerian politics that he has become, Wike would seem to be standing by the reception of the den of Ibadan political warlord, Lamidi Adedibu. Adedibu, in the life of the current republic, had engaged the ex-governor of Oyo State, Rashidi Ladoja, in a godfather-godson tiff that nearly crashed the state. He was the undisputable and unforgettable godfather of the politics of Western Nigeria. Literally, Wike was simultaneously admiring the busts of Adolf Hitler and Adedibu. He didn’t seem to mind the din of noise that is the paterfamilias of the Ibadan, Molete den of Adedibu.

That same week, in his familiar gutturals, Wike’s coarse voice sounded round the length and breadth of Nigeria, grating through hearts like a load of laterites being offloaded from the quarry. It was akin to a violent downpour without any forewarning. Rivers State suddenly convulsed in the manner of a sick child. It sent Nigeria scampering for remedy for this dying-and-coming Abiku godfather-godson child birthed by Wole Soyinka. The city of Port-Harcourt literally quaked. Wike’s godson and governor of the state, Siminalayi and his loyalists, against the Wike group, got enveloped in a drama that lasted for close to 48 hours. Port-Harcourt, the capital of the state, witnessed such a seismic shake with Fubara said to have been shot at by a police team allegedly obeying the orders of ex-Governor Wike. An impeachment process was then begun against Fubara. The House of Assembly which witnessed the bulk of the drama suddenly exploded in an explosion which greatly damaged the complex. Not long after, President Bola Tinubu waded into the crisis and peace, of the graveyard ostensibly, returned to Rivers State.

The issue of godfather and godson and its effect on Nigerian politics have however remained unresolved. Though in a paper he entitled Explaining ‘godfatherism’ in Nigerian politics, Isaac Albert had provided the foundation of the concept of godfatherism in cultural and historical contexts in Nigeria, predecessor-successor godfatherism in Nigerian governmental politics actually began in Nigeria in 2007. In the process leading to the 2007 elections, exiting governors of the time, armed with stupendous wealth from administering their states from 1999 to 2007, assumed the role of godfathers, sponsoring anointed successors to take over batons of power from them. They were apparently taking their cues from Abuja where Olusegun Obasanjo had done same with Umaru Yar’Adua. From tinkering with the political process, to bankrolling elections and selections with billions of state funds, virtually all of the governors eventually succeeded in extending their stay in power through protégés.

However, no sooner had they emerged governors than these anointed godsons began to burst the bubble. And the cookies began to crumble. Some of the cookies were immediate while many took longer time to shatter into smithereens. In Lagos, the Tinubu-Raji Fashola experiment, what many saw for almost four years as matrimony worthy of example, exploded towards the end of the first term. James Ibori too succeeded in making his first cousin his successor in Delta. The godfather continued to reap dividends of his ‘investments’ in the godson. The godfather was the de facto governor, determining the political barometer of politics, its finance and what prebends to be given to political hirelings in the distribution of the largesse of power. Not until the re-election campaign of Fashola in 2011 did the cracks begin to be noticeable, revealing the godfather/godson as proverbial seeds in a walnut pod. You remember the cryptic phrase, “may your loyalty never be tested…”? The godson was between the devil and the deep blue sea.

In many other states at this time, the matrimonies suffered ruptures almost immediately. In Enugu, for instance, Sullivan Chime was still governor-elect when he started to undo all that his mentor and godfather had put in place. He spent eight years trying to pull down the Ebeano political structure that midwifed him. Orji Kalu suffered same fate in Abia, where his erstwhile chief of staff, T. A. Orji, who was in the EFCC custody while his election was taking place, eventually emerged governor. Orji spent his years in government firing ballistic missiles at Kalu who spent billions of state funds to skew the process in his favour. This was replicated in virtually all the states, even in the 2015 elections where anointed godsons, having mutated to become godfathers themselves, attempted to foist their own godsons too as successors. For example, Chime’s godson, Ifeanyi Ugwuanyi, eventually turned out his political pallbearer. In Anambra, Peter Obi, while shopping for a godson, sidestepped the generally accepted skewer-minded political class, and walked into the supposedly sane banking hall in search of an urbane, corporate world executive. He got Willie Obiano. Less than a year after, the strange, somber-looking Obiano had transmuted from the gentleman who couldn’t hurt a fly into a stone-hearted political principality who strenuously presided over Obi’s political funeral and nunc dimitis. Same is replicated in Kano where Umar Ganduje, erstwhile Rabiu Kwankwaso’s lickspittle, became a hydra-headed monster who eventually swallowed his ex-boss. I am told that Emmanuel Uduaghan surreptitiously did in his cousin, James Ibori, even while serving his term in the UK slammer. The story of political betrayal, otherwise known as attempts by political godsons to be men of their own, has mutated dangerously ever since.

But, who actually is the betrayer, or when is a betrayal? Is it when the godson, who feels that millions of people in the state would be in at least four-year servitude if he continues with the sworn agreement to funnel state funds into the godfather’s bottomless esophagus, and thus repudiates all his commitments to the godfather? Or the godfather, whose mindless savagery and greed was behind the concept of godfatherism ab-initio?

The truth is that godfatherism has become a major feature of Nigerian politics. It is a political process which features a deliberate corruption of the electoral process and power structure by a dominant political mentor, otherwise known as the godfather. The godfather skews the political process in favour of an anointed candidate, with the aim of securing returns in form of bribes, offices or prestige. How this is done is that the godfather deploys wealth, power and position, mostly ill-gotten, to secure party nomination for the godson, sponsors their candidacy and manipulates the electoral process to their advantage. It can be likened to a political slave trade where the godfather, after succeeding in foisting the candidature of his godson on society, sits quietly thereafter to reap dividends of his evil machination. The repercussion on society is that merit is sacrificed and state funds are funneled into repaying the “good” of the godfather.

In every election cycle since 2007, the same political malady of godfatherism has replayed itself. I forgot to state that, at the core of this scramble by governors to clone godsons to replace them is a frenetic desire to keep the skeletons in their cupboards safe from the world’s prying eyes. Many of the governors, after pillaging their states blind, so much that if the world gets to know details, they ordinarily should be tied to the stakes and shot, embark on a process of putting veils on these maggots-dripping cupboards. They would be done for if “an alien” succeeds them! So they look for the most pliable of their coterie of hangers-on and fawners to succeed them. In many cases, they choose protégés implicated in state looting, who would not play the Judas on them without also going down the drain. This is why commissioners of finance or protégés with whom governors have transacted illicit businesses during their tenures are most times the surest picks. You can thus understand a threatening statement attributed to Siminalayi against Wike during the pendency of the crisis last week. He had allegedly claimed that, Wike should not forget that he was his Accountant General. Whatever that meant.

Against the run of play, Wike had chosen Siminalayi, presumably due to an EFCC manhunt for him. At a point, the commission declared the man who is now governor, Harrisonba Betty Princewill, Lekia Bukpor and Dagogo Roderick Abere wanted in connection with what the EFCC called a case of “criminal conspiracy, money laundering, misappropriation of public funds and abuse of office” that totaled N117 billion. So those who queue behind Siminalayi today who think the issue is about Wike and Fubara and the progress or lack thereof of Rivers State are mistaken. It is about the esophagus of the godfather and his godson.

Expatiating on the hub of devilry that godfatherism is, Chimaroke Nnamani, in a paper delivered on June 2, 2003 with the title, The godfather phenomenon in democratic Nigeria: Silicon or real?, had said, “Take it or leave it, the archetypal godfather in Nigeria is more than the ruthless Mario Puzo's kingpins in the Italian Mafia setting. While the fictional godfather is characterized as 'a shadowy, dare-devil recluse, who combines immense underworld financial muscle with near mythical powers of enormous proportions', which is to attain a further greasing of the ever-increasing vast financial empire, the Nigerian type has the added characterization of conceit, ego, loquacity, pettiness, envy, strife, crudity, and confusion.” With this, you can understand Wike roaring about how he created a political structure in Rivers and how no one can be permitted to destroy what he erected. In Nigerian politics, inside that conundrum of “political structure” is buried maggots, blood and destinies of people.

To be sure, there are godfathers in every clime. According to Albert, godfatherism conjures different meanings to different people. In many parts of Europe and America, the godfather is simply a cuddly uncle and in the Catholic Church, “a young man trying to become baptized or married… is expected to have a godfather. The Catholic Church's godfather is simply chosen from among the larger congregation and need not be a relative to the godson.” He counsels the young godson on how to live a responsible life. Godfatherism also exists in France and can be found in the term 'godfather of industry' for a depiction of corporate titans. American University professor, Richard Joseph had sliced the issue with his spatula in his famous theory of prebendal politics when he said that the relationship between the godfather and godson is instrumental and extra-legal. The main goal of the transaction is for the godfather to use the client to attain selfish goals while the latter aims at the same. The godfather manifests in the politics of developed countries and Latin American countries, something in the mould of criminal underworld groups who sponsor politicians at election times, in exchange for protection and contracts.

Albert also admitted that the kind of patron/client relationships between Wike and Fubara have cultural roots among many Nigerian peoples. It began in Hausa with the maigida who received kolanuts for help he rendered; manifest in Igbo as Nnam-Ukwu (my master) and Odibo 

(the servant) and in Yoruba as baba kekere (the small father), baba isale (the father of the underground world), or baba nigbejo (a great help in times of trouble). These were developed to foster the patron-client relationship inherited by present day political class. 

In many states where it is practiced, godfatherism is sustained by black magic, occult practices and blood. Initiate godson and godfather enter into the sacristy of black practices, most times reified by human blood. It is not a turf for the faint-hearted.  

Those who think Wike’s loquacious revelation of all that transpired in the Peoples Democratic Party (PDP) before the last elections was a mere spill will soon know that this is an understatement. Very soon, a clone of the Wike-Fubara grisly drama will come to play in Abuja. Only that this time, I pray there won’t be weeping, wailing and mourning and gnashing of the teeth, apologies to the reggae music group, The Mighty Diamonds.

By the way, why did Fubara fail to pull the trigger last week? It was a tragic mistake that he may live to regret. He had the roaring lion by its ball and a squeeze would have sequestered the king of the jungle. He could have retired the godfather and allowed Karma pounce on Wike this soon after leaving office!

 

Look unto me, and be ye saved, all the ends of the earth: for I am God, and there is none else ~ Isaiah 45:22.

Introduction

A call to look unto Jesus is the most glorious personal invitation mortal man ever received. It’s a tender and an affectionate invitation from the Creator-God Himself, opening an unusual access to all His provisions for all humanity, in Christ Jesus.

By this memorable invitation, the Almighty God has flung open the cistern of His heavenly treasures, and He’s hereby calling us all to partake of His abundant life, offering total salvation from sin, sicknesses, poverty, limitations, stagnation and demonic oppression.

The invitation equally assures us of God’s majestic illumination, banishing shame and all concurrent evils (Psalm 34:4-5). When we look unto God in the face of Jesus Christ, we will see the glory that enlightens the mind, and casts rays of comfort into our awakened heart.

This reminds us of the experience Moses had when he went up Mount Sinai, and was there in God’s presence for forty days and forty nights. When he came down, his face took on a certain brilliance to the effect that the people could not gaze into his face.

A true glimpse at the Maker of all things, may well suffice for all our troubles, and banish our reproaches while running in the race of life. Illuminated by His glory, cheered by His Voice, and empowered by His Spirit, we may stand very privileged as we advance with His abiding presence, even till our race is fully run.

Now, the critical truth to know is that no man has ever looked to Jehovah-God, as He is, and found ease as it were! Why? Just as the mortal eye cannot fix its gaze upon the sun, so no human intellect could ever look unto God and find light, for the brightness of God would strike the eye of such mind with eternal blindness.

Typically, God dwells in an unapproachable light, often referred to as “shekinah glory”. And, trying to see His “bare face” is much harder than trying to gaze into the glare of the sun at midday! If we dared to look at His face, we would be blinded, for the Light of the Godhead is most insufferable to behold.

When Moses was in the atmosphere of God’s presence on Mount Sinai, he requested to see God’s face (Exodus 33:18-20). But, God responded, "Thou canst not see my face: for there shall no man see Me, and live”.

Yes indeed, the Almighty God, in His characteristic dizzying glory, can afford no comfort whatsoever to a troubled heart, for He "is a consuming fire" (Deuteronomy 9:3; Hebrews 12:29).

Happily, He shrouded, tempered, veiled or encapsulated Himself in Jesus Christ. This, the Most High God did, just to make Himself available and accessible to humanity, especially as a part of the redemption story (2 Corinthians 4:6).

Only in Jesus Christ can man, with steady gaze, behold God Almighty, who came down to us and died for us on the Cross, so that our poor finite intelligence can understand Him, and our frail bodies can embrace and accommodate His glory. This is great mystery of godliness (1Timothy 3:16)!

As it stands today, and as it’s forever settled in heaven, it is only through Jesus that humanity can ever get privileged access to God. Looking unto Jesus is the only way to see the Father-God in practical terms. He is the mediator between God and man (1Timothy 2:5).

Moses requested to see God’s glory, but God told him: "l will make all my goodness pass before thee" (Exodus 33:19). As our only valid access to God the Father, Jesus Christ is the embodiment of God’s goodness, and it’s only through Him that we can enjoy the goodness of God, maximally.

When the divine light and power of God flow into our lives, we become enabled to see beyond the surface into depths of spirituality, and we receive the authority to act in the name of Jesus Christ, even as He abides with us everywhere we go.

Never forget: you have no business looking hither and tither, but unto Jesus! It is to the extent that we truly focus on Jesus Christ that we can see the world for what it really is, and enjoy the fullness of God’s glory.

Why We Must Look Unto Jesus Christ

Basically, to look unto someone is to turn to the person, expecting assistance. So, looking unto Jesus, actually means turning to Him for help.

It could be help in the form of healing, rescue from the miry clay experiences of life, deliverance from sin and sinful habits, freedom from the hold of poverty, protection or even guidance through a journey or process in life, etcetera.

No one can exist on earth without supernatural help, and the surest help we can have is in God (Psalm 46:1-5; 121:1-8). Jesus Christ is the Help that God sent to man (John 3:16). He continues to abide with us in the form of the Holy Spirit (John 14:18).

All power belongs to Jesus Christ (Matthew 28:18; John 14:6). He fought, won, and gave us the victory. If we look up to Him today, He will help us to enjoy the provisions of the covenant. And, if we wait on Him, He will deliver us without fail (Luke 18:1-8).

Are you warring presently, and it’s like the enemy is thrusting sore at you? Never fear! Jesus Christ, our Master, was more than a conqueror, and so shall we be. He fought and has secured for us a “standard” that can never be stained with defeat (Isaiah 59:19).

Succinctly, looking unto Jesus means and entails: leaning implicitly on Him, zooming in on Him without any distraction and loving Him as our supreme goal in the journey of destiny. Whatever we need is available in Him, once we decidedly look unto Him and put Him first in our lives (Matthew 6:33).

Now, there are several important reasons why looking unto Jesus is a must for those who wish to run and finish excellently in the race of life. Essentially, life is generally unpredictable, but Jesus is the only Unfailing Guide in the race of life (John 16:33; Hebrews 12:2).

Moreover, only Jesus Christ can save, and this is the most important reason why looking unto Him is a spiritual imperative (Acts 4:12)! He is the author and finisher of our faith, and He’s the One who can bring clarity and authenticity to our existence. When we look to Him, we will, indeed, experience abundant life!

Fixing our eyes on the Sustainer of all things changes our perspectives, and a change of perspective can open our doors to incredible faith that will get us through our toughest times!

Undoubtedly, looking fully into His wonderful face, the things of this world and all that troubles us grow dim in the light of His power, glory and grace.

Would you love to truly fix your gaze on Jesus Christ? Then, begin to spend some quality time with Him in true worship, and start developing a consistent prayer life (Psalm 46:10-11; 1Thessalonians 5:17). Furthermore, read the Word regularly, and of course, be totally reliant on the Holy Spirit, daily (2Timothy 2:15; Ephesians 1:13-14).

Beloved brethren and friends, look unto Jesus now, and  live. May we all receive grace to always look unto Him, and see everything and everyone through His eyes. You won’t miss it, in Jesus name. Amen. Happy Sunday!

____________________

Bishop Taiwo Akinola,

Rhema Christian Church,

Otta, Ogun State, Nigeria.

Connect with Bishop Akinola via these channels:

Facebook: www.facebook.com/bishopakinola

SMS/WhatsApp: +234 802 318 4987

 

 

 

Jesus had a fascinating conversation with a Samaritan woman by the well of Jacob. When He asked her for water to drink, the woman was a bit uppity because she had a bucket and Jesus did not have one. But Jesus explained to her that everything in this world (including a bucket) is of limited value. Therefore, it is foolish to be proud of worldly possessions.

He pointed out to her that: “Whoever drinks of this water will thirst again, but whoever drinks of the water that I shall give him will never thirst. But the water that I shall give him will become in him a fountain of water springing up into everlasting life.” (John 4:13-14).

When our wants are met from without, they only touch the superficial aspects of our being. They do not address the eternal longings and yearnings of the soul. Therefore, they are soon spent, and they need to be renewed as if they had never been satisfied before.

However, the water that Christ gives is spiritual and reaches the very depths of the soul. This water makes the soul not a cistern but a fountain, springing, bubbling, and gushing forth from within us, ever fresh and ever living. (John 7:38).

No More Sorrows

Once we appreciate this, we discover that spiritual dejection or despair in a believer is anathema to our faith. The fulfilment of whatever we require can never be preferable to our salvation. God cannot be better for us than He has already been. There is nothing He can do for us in this lifetime that can exceed what He has already done in Christ.

Jesus cannot die for us a second time. We cannot be cleansed with a better blood. God cannot give you a more superior Holy Spirit. He cannot appoint us to a better heaven. God gave us the best first by giving us Himself and everything that pertains to Him. Therefore, Jesus counselled that salvation is the only cause for joy. (Luke 10:20). 

So, if a redeemed man is depressed then he is to blame. God cannot be held responsible for his depression. James presents the proposition that dejection springs from sinful lust: “You lust and do not have. You murder and covet and cannot obtain. You fight and war. Yet you do not have because you do not ask. You ask and do not receive, because you ask amiss, that you may spend it on your pleasures.” (James 4:2-3)

Lust makes us insist on having our own way or on satisfying our own desires. It makes us dissatisfied with God for refusing to grant our carnal wishes. Soon, the dissatisfaction turns to disillusionment and despair. Once our insistence is that our will must be done, we are no longer in atonement with the Father. The privilege we have in Christ lies in our standing in atonement with God and not in God standing in atonement with us.

Steadfast Love

The joy of the Lord Jesus Christ is the joy of abiding in the love of the Father. This makes His joy immune to the vicissitudes of life. Indeed, when the Bible says that the joy of the Lord is our strength (Nehemiah 8:10), it is without prejudice to the fact that the joy of the Lord often causes us much pain.

Jesus endured the cross for the joy of the Lord. The strength comes from the realisation that we are at the centre of the Father’s will, whatever the cost. Therefore, the writer of Hebrews advises that we should make Jesus a gazing stock: 

“Looking unto Jesus, the author and finisher of our faith, who for the joy that was set before Him endured the cross, despising the shame, and has sat down at the right hand of the throne of God. For consider Him who endured such hostility from sinners against Himself, lest you become weary and discouraged in your souls.” (Hebrews 12:2-4).

It is one of those illusions of man to think he ever belonged to himself. When we were in the world, we were deluded into thinking we were free to do as we liked. Bobby Brown sings: “It is my prerogative.” Frank Sinatra sings: “I did it my way.” 

Yes. We slept with whosoever we wanted to. We fought against anybody who offended us. We sat down to eat and drink, and we rose up to play. (Exodus 32:6). But this was because we sat in darkness. When the light of the world came, we suddenly discovered that we were in bondage. We discovered that we were slaves of sin. We discovered that what we called our prerogative was actually the prerogative of demons.

Fulness of Joy

For this reason, Jesus was careful to tell His followers that there would be trouble ahead. (John 16:33). And He pointed out the reason why it is necessary to be forewarned and forearmed: “These things I have spoken to you, that My joy may remain in you, and that your joy may be full.” (John 15:11).

Let nothing affect or deplete our joy. The essential character of the joy of the Lord is that it is a joy that remains, and it is a joy that is full. All other joy comes and goes. All other joy is incomplete. But the joy of the Lord is full, and it is forever. God’s love is steadfast. Therefore, while today’s good news may be tomorrow’s bad news; the gospel is always good news. It reveals to us that God’s anger is but for a moment, while His favour is for life. (Psalm 30:5).

So, if you are a believer and are not joyful, it may be because you are not interested in the joy of the Lord and are insistent on your own particular kind of joy. It may be because what you desire is the joy of the world, which is something the gospel does not intend to provide.

Paradoxically, instead of rejoicing that we no longer have the joy of the world, many believers are upset because that is precisely the joy they crave. Worse still, many have been led to believe that what Christianity gives is the joy of the world. But Jesus is not interested in that. Indeed, what He promises in the world is tribulation. He says: “In the world, you will have tribulation; but be of good cheer, I have overcome the world.” (John 16:33). 

Anxious for Nothing

Jesus therefore makes it the responsibility of the believer not to let his heart be troubled. (John 14:1). The joy of the Lord is immune to tribulation. It cannot be dampened by affliction. It remains in spite of persecution and bereavement. In all these things, the Bible points out that we are more than conquerors through the love of God. (Romans 8:37).

Thus, Paul writes to the Corinthians: “Great is my boldness of speech toward you, great is my boasting on your behalf. I am filled with comfort. I am exceedingly joyful in all our tribulations.” (2 Corinthians 7:4).

However, a believer cannot have the joy of the Lord when he is living in sin. He cannot have the joy of the Lord when he is not bearing fruit. When a man is joyful under those circumstances, it is the joy of the world he is experiencing.

Truly, the joy of the world has nothing for the believer. How many wonderful weddings have you been to that ended in divorce? How many new cars have ended up wrapped around lampposts? How many beautiful homes have ended up burgled or burnt?

Therefore, the Lord cautions us: “Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal; but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” (Matthew 6:19-21).

This email address is being protected from spambots. You need JavaScript enabled to view it.; www.femiaribisala.com 

In the world of work, it's easy to get caught up in the hustle and bustle, sometimes forgetting about our own happiness. 

However, no matter your position, rank, or career level, you have the power to create a more fulfilling work life for yourself. Here are five practical strategies for individuals to nurture their own well-being and happiness at work.

1. Break free from perfectionism

Our culture often celebrates the idea of perfectionism, but when it shows up in the workplace, procrastination and burnout show up with it. 

To counter perfectionism, practice positive reframing of negative thoughts. Positive reframing is a helpful coping strategy for those with perfectionistic tendencies. 

By paying attention to any thoughts you find discouraging, you can learn to recognize negative thought patterns and shift. Rather than fixating on negativity, you'll bring happiness into your work by focusing on positive thoughts and solutions. 

2. Broaden your horizons

Perhaps the essence of lifelong happiness is embedded in a short quote penned by celebrated British philosopher and mathematician Bertrand Russell. 

In his 1930 book The Conquest of Happiness, he writes: "The secret of happiness is this: Let your interest be as wide as possible and let your reactions to the things and persons who interest you be as far as possible friendly rather than hostile."

Let's break it down: "Let your interest be as wide as possible" suggests that you should be curious and open-minded. Don't limit yourself to just one area of focus or interest. This broadens your horizons and allows you to bring diverse insights to your leadership role. 

3. Show kindness 

The second half of Russell's quote – "Let your reactions to the things and persons who interest you be as far as possible friendly rather than hostile" – suggests that one should approach people and situations with kindness and goodwill.

Rather than being defensive or confrontational, it is better to cultivate a friendly and positive attitude. This does not mean that one should agree with everything or ignore problems. However, starting from a place of understanding and respect is more likely to lead to constructive outcomes.

4. Embrace your authentic self

Happiness starts with being true to yourself. Take some time to reflect on your values, strengths, and aspirations. When you align your work with who you truly are, you're more likely to find joy in what you do. 

Imagine a workplace where everyone feels encouraged to be themselves and explore their interests and strengths. This kind of environment fosters authenticity, which is a cornerstone of personal happiness.

5. Last and most important, let love win

One of the defining characteristics of a happy and well-lived life is approaching it with an open heart and a generous disposition. When faced with bad news, anxiety, or a highly stressful situation, we often shrink back and feel helpless. 

Or we choose between fight, flight, or freeze as a response, usually out of fear. Fear, however, can shut out nearly everything that might help us see other possibilities to resolve the situation. It destroys our reasoning, making it hard to see things clearly.

What if we chose to let love dominate our lives and our decisions at work? In the way we lead our employees and customers? In the way we approach conflict? What if we chose love rather than fear? 

By letting love into our lives and giving love to ourselves and others along the journey, we can be the driving force in our happiness and well-being.

Remember, you have the ability to shape your own experience. By prioritizing these approaches, you'll be on your way to creating a happier and more fulfilling work life for yourself. Lead yourself with intention and watch your own happiness bloom.

 

Inc

France is set to return $150 million, another tranche of the loot traced to Sani Abacha, former Nigerian military leader, to the country.

Ajuri Ngelale, special adviser to the president on media and publicity, made the announcement in a statement on Friday following a meeting between President Bola Tinubu and Catherine Colonna, the minister of Europe and foreign affairs of France.

Tinubu thanked France for the return of the loot, saying it would be used in developing the country.

“Thank you for the good news on the return of Abacha loot. We appreciate your effective cooperation concerning the return of Nigeria’s money. It will be judiciously applied in attaining our development objectives,” Ngelale quoted his principal as saying.

Tinubu also commended the strengthening of bilateral relations between Nigeria and France, adding that more collaboration is needed on both political and economic fronts.

The president also welcomed the growing cooperation between the two countries in areas of shared interest, such as climate change, economic integration, education, and culture.

In response, Colonna conveyed the goodwill of President Emmanuel Macron and expressed the readiness of France to expand mutually beneficial collaboration with Nigeria across multiple sectors.

The minister said the repatriation of the stolen funds followed the completion of legal processes, saying “it was a long process, but we are glad that it was concluded”.

“Sometimes, justice may be slow, but this is a very good achievement,” she added.

 

The Cable

The naira continued its appreciation streak against the dollar, strengthening to N980/$ in the parallel market on Friday.

Aminu Gwadabe, president of the Association of Bureaux De Change Operators of Nigeria (ABCON), made this known in a statement.

Earlier in the day, the naira had appreciated to N1,040 against the dollar at the parallel section of the foreign exchange market. 

He said the naira rebound is the manifestation of measures of dollar liquidity injection and naira mopping through the instrumentality of interest rate hikes.

“It is a good development as it is a great risk to speculate, hoard and substitute naira for other currencies,” he said. 

“However, the speculators are usually interested in the elements of sustainability of the feat so far achieved; it is panic selling as against panic buying.”

Therefore, he said, it is necessary for the management of the apex bank to continue to make clarifications and implement some of the association’s recommendations to include the BDCs in the foreign exchange market.

This, he said, will allow them to play a crucial role in addressing the needs of the critical retail end.

“The BDCs are necessary in the demand measures of the apex bank, transaction monitoring mechanism and clients utilisation with correcting and moderating potentials,” he said. 

“In the area of increasing reserves, this is linked to increased demand of our major export commodity which is crude oil due largely to the US increasing inventories and the escalation of tension in the middle east.”

Furthermore, he warned against attacking the naira as it all appears that the CBN has gotten the arsenal and the logic to continue to enshrine the success recorded.

 

The Cable