Business
The Second Coming of Goodluck Jonathan By Dele Momodu
Fellow Nigerians, before I get into my main gist of today, let me quickly apologise for my inability to write this column last week. Truth is I had a mental block, pure and simple. Contrary to speculations that I couldn’t write because my great heroine, Hillary Clinton, lost her election, I was just so physically and mentally fatigued because this is one year that I’ve worked so hard on every project at hand. There was no doubt that I was solely disappointed that Donald Trump won the American presidential election but I was able to adjust quickly. My darling mum had taught me about the wisdom of the ancient. You can put your all into any project but the results ultimately remain the exclusive preserve of God. Only God determines the winner or the outcome.
There is so much to learn from the political trajectory of Nigeria. What happened in America had happened repeatedly in our dear beloved country. I will explain in a jiffy. Who would have expected Alhaji Shehu Usman Shagari to defeat a political colossus like Chief Obafemi Awolowo? Who would have expected a Shagari to beat a political philosopher like Dr Nnamdi Azikiwe so black and blue? Who would have expected a stupendously wealthy man like Chief Moshood Kashimawo Olawale Abiola, without any political experience to take on the likes of Baba Gana Kingibe and Alhaji Atiku Abubakar and come out victorious?
What Abiola did in Jos at the National Convention of the Social Democratic Party in 1993, when he mesmerised and hypnotised the party chieftains was what Donald Trump did recently in the United States of America when he razzle-dazzled the Republicans and virtually hijacked their party.
Trump was lucky that he and Abiola belonged in different realms and climes. Abiola was not able to realise his dreams of running government like a business but Trump is set to take power and display the wizardry he flaunted endlessly before the elections. The world is waiting to see if Trump would plunge America into the abyss or perform the miracle of turning water into wine.
The main reason many of us non-Americans opposed Trump so vehemently was because of his supposed bigotry and divisive rhetoric on all fronts. But on a personal note, I’m not too bothered. I have learnt my lessons. Politicians can tell any ignominious lie just to grab power. Voters can believe obvious scams and vote for artful pretenders out of foolish emotions and live to regret it. There is nothing we have not seen before. It is very obvious even this early that the millions of Americans who voted for Trump may never get a quarter of what he promised. Every man has the right to change his mind or beliefs and no one can hang him for it. Trump obviously knew what the Americans wanted to hear and knew how to sell a dead horse at a premium. That is politics. His message resonated with his core base no matter how retrogressive it sounded. As a matter of fact, it became even more attractive the crazier it sounded. Politics and religion are quite similar in that they thrive on pure faith.
The same Trump that appeared a rabid hater of President Barack Obama has since visited his “sworn enemy” in the White House. You would have expected both former warriors to exchange some terrible blows but far from it; they came out behaving like two newly joined love birds. Trump now says Obama is actually a nice guy. Obama also reassures a jittery nation and a confused global community that Trump would actually behave decently and that their allies have nothing to fear.
The two opponents must have known that it was all a game all along while their followers actually believed and embraced the charade. One of the things I love about America is the ability of its leaders to rise above pettiness. Every leader comes in after a bitterest electioneering campaign to embrace the one who lost. I do not hear sing-songs of wasting too much energy on the past. Who would have thought Obama and Bush would become as close as they are now? American leaders are wise enough to know that we are all actors and must quit the stage after playing our assigned roles. We may have sharp differences but we must be able to calculate the cost of war-war against the price of jaw-jaw.
When tomorrow comes, I’m sure Donald Trump would have calmed down and welcome everyone in the true tradition and character of America. No American leader can ever be allowed to transfigure into an Adolf Hitler or a Benito Mussolini. Americans collectively are stronger than their leaders. This is one of the major reasons I’m not worried about Donald Trump and his tantrums. If he returns to the giddiness of his pre-election period, Americans across party lines would know what to do. That is the power of their democracy.
This now brings me back home. I have been reading about the rising profile of our former President, Dr Goodluck Ebele Jonathan, and wish to state without equivocation that no one should rule him out of the 2019 presidential race. I first hinted this possibility about two months ago and wish to reiterate that Nigerians should prepare for the shock that awaits us. The story of Donald Trump should bring us back to our senses. Nothing is impossible. The second coming of Goodluck Jonathan may be so far-fetched or even belong in those categories of impossibilities but I wish to plead with our government and my fellow citizens not to rule it out. As one of those who made our modest and humble contributions to the coming of this Buhari government, I’m pleading with trepidation.
Jonathan’s popularity is rising not because of anything he has done to atone the sins that must have led to his waterloo but as a result of what our change government has failed or refused to do. The obsession of our government with going all out after Jonathan is the main reason the Otuoke man is beginning to smell like roses after the odoriferous position he landed himself last week. Only if our government had succeeded in maintaining the economy it met, Nigerians would have been ready to enter fire with Buhari. But there are just too many unresolved problems and challenges. The excuses that Jonathan and company left this peculiar mess behind has refused to fly. The groans might not be loud enough to reverberate all the way to the Aso Rock Presidential Villa, as of now, but trust me it may become deafening, sooner than later. I do not care if men and women of power dismiss my submission with a wave of the hand but they should mark my word, there is a thickening conspiracy in the clouds. It would be a shame if we inadvertently play into the hands of those hovering and ready to pounce on Buhari.
I read about “persecution complex” long ago and I understand how it works. If you beat your own child so ruthlessly as if you want to kill him, the tilt of public opinion would always go against you. Many would wonder why you want to kill your own child. In our anger, let us pick our fights. There is too much tension in the land. I would be delighted if anyone could educate and convince me that Nigeria has gained much more than we’ve lost to this war of attrition. If we haven’t, we may need to retrace our steps urgently.
The BBC reported on Friday how Jonathan caused a stir in Sokoto State during his visit to the state to pay his respects to Ibrahim Dasuki, the late former Sultan of Sokoto. According to the report, Jonathan was received by a large crowd of admirers, some holding banners bearing the words “Come Back Baba Jonathan”. The same voices that chanted “Sai Baba” and “Jonathan Must Go” are now fiddling with the tunes of the possibility of a Jonathan to stage a comeback. Here lies the irony of political triumph and the paradox of high expectations.
The euphoria and momentum that saw the exit of Jonathan and the emergence of the Buhari change administration has since begun to wane following the inability of the new government to hit the ground running with the tenacity of a government in a hurry!
There are many who believe that the poor management of the ensuing economic recession didn’t help matters. Suddenly, Nigerians who had high hopes and voted massively for change are now caught in a limbo between confusion and uncertainty. As it stands today, the average Nigerian is confronted with the reality of an economic recession they never planned for; a situation they did not experience under the Jonathan administration and under previous governments.
Many of President Buhari’s supporters are worried that the humongous goodwill that engineered the Buhari change mantra is now being frittered away at the speed of light. The unfolding plot has now thrown up former President Jonathan as a new protagonist in Nigeria’s theatre of the absurd. For many of us who are ardent students of history, we have since learnt that nothing is impossible in the game called politics. Will history repeat itself again? Time is pregnant with answers!
Adron Homes Chairman Hosts NSE Ibeju-Lekki Executives, Explores Strategic Partnership
The newly approved Ibeju-Lekki Branch of the Nigerian Society of Engineers (NSE), which recently emerged as the 91st branch of the Society, has paid a courtesy visit to the Chairman/CEO of Adron Homes and Properties Limited, Sir Aare Adetola Emmanuel King KOF, at the company’s headquarters.
The delegation of engineers, led by Engr. Olufemi Dare, FNSE, the Chairman of the Branch, described the visit as a strategic step towards strengthening relationships with corporate organizations that have consistently upheld professionalism and structural integrity in their projects.
In his remarks, Engr. Dare praised Adron Homes for its exceptional commitment to quality housing delivery across Nigeria and beyond, emphasizing that its reputation for structural integrity and innovation in real estate development stands as a reference point for engineering excellence. He further informed the Adron Chairman that the branch would be conferring an award of recognition on him at their forthcoming official inauguration ceremony, in acknowledgment of his outstanding contributions to housing development and infrastructural growth in Nigeria.
The discussions also explored potential partnership opportunities between NSE Ibeju-Lekki and Adron Homes in engineering, professional development, and sustainable housing innovations.
Responding, the Chairman of Adron Homes, Sir Aare Adetola Emmanuel King, warmly welcomed the delegation and expressed delight at the prospect of a lasting partnership. He acknowledged the critical role engineers play in national development, while also noting the numerous challenges facing the engineering sector in Nigeria. He stressed that these challenges can only be surmounted by engaging qualified and dedicated professionals, a principle upon which Adron Homes has built its reputation.
According to him, “Engineering is the backbone of any meaningful infrastructural advancement, and as developers, we cannot afford to compromise on professionalism. This is why I am excited about this partnership and look forward to building a mutually beneficial relationship with the NSE Ibeju-Lekki branch.”
The NSE Ibeju-lekki delegation included Engr. Tiramisu Bello, MNSE (Vice Chairman); Engr. Omolola Adetola, FNSE (General Secretary); Engr. Taiwo Musa, MNSE (Assistant General Secretary); Engr. Ayodele Agunloye, MNSE (Financial Secretary); Engr. Opeyemi Olabisi, MNSE (Technical Secretary); Engr. Oluwadare Raji, MNSE, among several others.
On the part of Adron Homes, the Chairman was joined by key members of the executive team, including Adenike Ajobo, Managing Director; Tolani Roberts, Deputy Managing Director, Business Investment and Development; Mr. Kunle Ifeanyi Konwea, Director of Brand and Communications; Maureen Echefu, Chief Press Secretary, among others.
The visit not only highlighted Adron Homes’ enduring commitment to professional engineering standards, but also set the tone for a new chapter of collaboration between the real estate giant and the newly inaugurated NSE Ibeju-Lekki Branch, with both parties pledging to drive innovations that will redefine housing and infrastructural development in Nigeria.
NNPCL and Corruption’s Final Throes
By Pius Olasanmi
In the twilight of the Obasanjo administration, when Nigerians were still capable of being outraged, when Turn Around Maintenance (TAM) of refineries was a buzzword that still held some mysticism to bamboozle citizens, during a conversation, a certain man said something profound. The man said, “As a businessman, if I were the owner of these refineries, knowing that they are three decades old, I would take the last money I have, hire bulldozers, raze them to the ground, and obtain loans to build new ones.”
When we pressed him further on why he would engage in such waste, he explained that repairing the refineries is the real waste. He explained that even if the TAM were honestly carried out, a thirty-year-old refinery would never compete favourably with a new one that would integrate contemporary technology. Operating at its best, such a refinery would never be comparatively more efficient. It is therefore pointless to have spent another one naira on the refineries at that point.
A few months later, I had a conversation with a then-lawmaker on an entirely different matter. I mentioned that the National Assembly has failed by not crafting legislation that would criminalise and punish public office holders who foist wrong decisions on the country. The logic: a public office holder need not steal to be punished, wrong decisions should attract penalties for an office holder who opts for the worst of all options when there are less injurious ones.
These established premises speak to the ongoing nauseating efforts at revisionism by those who wrecked the Nigerian National Petroleum Company Limited (NNPCL) and its previous iteration, the Nigerian National Petroleum Corporation (NNPC). Notably, this campaign to rewrite history is traceable to Engineer Mele Kolo Kyari, the disgraced immediate past Chief Executive Officer of NNPCL and his hirelings. They have suffocated the news and the public opinion space with even more lies than they spun while in office.
The Saint Kyari campaign is anchored on convincing Nigerians that the Port Harcourt, Warri and Kaduna Refineries were fully functional when he was booted out of office. So brazen is the campaign that one of its talking heads challenged the group chief executive officer (GCEO), Engr. Bayo Ojulari, to “inform Nigerians categorically what happened to the functioning refineries he inherited from his predecessor, Engr. Mele Kyari.” The effrontery.
We have not forgotten so soon the charade that followed the baffling claim that Nigeria has spent $2.8 billion on the repair of the refineries, while they are not churning out even a single litre of refined product among them. Saint Kyari and his goons played all manner of tricks, all of which embarrassed President Bola Tinubu, who had counted on ticking off the return to productivity of the refineries as part of his achievements, only to realise that he was deceived into celebrating phantoms. Tragic.
Lest we forget, 200 trucks were arranged as props in a well-directed video clip to celebrate the re-streaming of the Port Harcourt Refinery. The disappointment. Nigerians were to learn from several reports that the Port Harcourt refinery was not producing and was instead using old, stored petroleum products to load trucks. Worse still, the Kyari crew was passing off sanction-tainted Russian-sourced crude oil refined in Malta as locally refined products. More insult was piled on the assault on our collective sensibility with the lies that the Port Harcourt Refinery exported semi-finished products. Brazen.
Meanwhile, Kyari and his hirelings called those who pointed out or protested these glaring scams all manner of names. They hid behind industry technicalities and jargon to create the impression that those of us who knew Nigerians were being robbed did not understand what we were saying. The point remains that a $2.8 billion investment can potentially build a refinery with a capacity of around 100,000 barrels per day (bpd). Of course, the actual capacity of such a refinery will depend on various factors, including the complexity of the refinery, the technology used, and the location. That is the amount that Kyari’s regime at the NNPCL took and did not give Nigerians refined products.
Fast forward to Kyari’s sack and the appointment of Engineer Bayo Ojulari, who has demonstrated that things can indeed be done differently. Kyari’s exit was expectedly followed by the Economic and Financial Crimes Commission (EFCC) going after him and his associates. The extent of the theft is better understood against the backdrop of N80 billion being found in the bank account of one of his associates. They went on the run.
Perhaps because the EFCC was biding its time on securing international warrants for the arrests of these characters on the lam, they have become emboldened. They have decided to fight back and rewrite the story of their participation in the greatest fraud against Nigerians. Engineer Ojulari’s renewed mindset, which is entrenching a semblance of the transparency Nigerians demand, became their natural target. The demons that once roamed around the corporation came out with malevolence. They started spinning stories of corruption to tarnish the incumbent who refused to hide their crimes. The objective: bring Ojulari down. But alas, he is winning the war as it stands.
His innocence is proven, and it is glaring that those who want him out are mere charlatans who can no longer ply their corrupt wares because of the impact of the new reforms. Corruption in the NNPCL is in its final throes. The fake news being unleashed against the incumbent leadership is akin to corruption’s last kicks as reforms in the sector strangulate it and its practitioners. The reforms must take place in the NNPCL, whether the industry demons like it or not.
As a parting shot, Kyari and his associates would do well to prepare their defence. In addition to accounting for the $2.8 billion they laundered in the name of repairing the moribund refineries, they must also answer for the poor decision to fix that which is irretrievably broken. Awarding contracts for Turn Around Maintenance of 59-year-old refineries that a right-thinking person had suggested should be demolished almost twenty years ago, when they were only 30 years old, is criminal. Trying to deceive Nigerians that the fake repairs worked is treason.
Olasanmi is a public affairs analyst writing from Lagos.
GRANDIS 5STAR LUXURY APARTMENT & SUITES SET TO REDEFINE LIVING IN VICTORIA ISLAND
Set to Rise elegantly against the Lagos skyline, is the Grandis 5Star Luxury Apartment & Suites. According to Adejuwon Ademola, The General Manager of the Development company, it is more than just a residential building
“it’s a lifestyle statement. Standing 17 floors high in the heart of Victoria Island, this revolutionary masterpiece of modern architecture will offer a panoramic 360° view of Eko Atlantic, Victoria Island, and Ikoyi, transforming every apartment into an exclusive penthouse experience for the world’s most discerning elite.”
Developed by Dumarco Construction Limited, a globally acclaimed company with decades of delivering complex, high-value projects in the highly regulated petroleum, oil, and gas industries, Grandis 5Star brings unmatched international safety standards, uncompromising quality, and timeless elegance into Nigeria’s luxury property market.
> “When you live in Grandis, you’re not just buying a home—you’re investing in peace of mind, world-class safety, and an effortless luxury experience that will remain pristine for decades,” says Adejuwon A. Ademola, General Manager of Dumarco Construction Limited.
The Gold Standard in Safety and Quality
Dumarco’s roots in the oil and gas sector mean the company operates to some of the strictest safety protocols in the world. Every stage—from conceptualization, design, construction, to long-term maintenance—follows internationally accepted procedures and quality assurance measures. Cutting corners is simply not in Dumarco’s vocabulary.
> “In the oil and gas industry, there’s no room for compromise. We’ve brought that same discipline and zero-tolerance for mediocrity into property development,” says Ademola. “That’s why Grandis will be one of the safest and most enduring residential developments in Nigeria.”
To ensure transparency and prevent (project complacency), Dumarco deliberately separates the developer, contractor, and consultant roles, engaging only the most competent professionals in each respective field. Dumarco’s project team includes globally recognized contractors such as Julius Berger, Cappa & D’Alberto, and Elalan, Migliore Construczione & Tecniche (MC&T) and their partners VENCO IMTIAZ CONTRACTING COMPANY (VICC) based in Dubai, UAE, Business Contracting Limited, alongside leading consultants like Morgan Omanitan & Abe, LAMBERT, and James Cubitt.
Grandis – Investments, appreciation, returns and profitability
Our selection process for the location of the project alone was pains-taking and completely thorough scientific process. Top professional companies were employed to conduct a scientific data acquisition and analytical survey of the entire Victoria Island, Ikoyi, Lekki and Eko Atlantic before a project site is selected. Analyzing and acquiring areas developmental charts and trends, studying and gathering historical and present sale prices, rental charge and occupancy rates over a 50 year period from every individual street before the selection of the location of any of our developments especially true for the Grandis Project
He adds,
“Our clients and residents can be rest assured that the location of Grandis has been scientifically proven through all existing data to provide our clients with a 100% occupancy rate, highest developmental location, highest rental income and investment returns. ”
The Grandis Experience
Located minutes away from international corporate headquarters, embassies, and landmarks such as Eko Hotel, Radisson Blu, and the Radisson Red, Grandis offers unmatched convenience for professionals, diplomats, and high-net-worth individuals. Every residence is designed for both indulgence and efficiency, with high-grade finishes, smart-home systems, and private amenities that ensure seamless living.
From sunrise over the Atlantic to the glittering Lagos night skyline, residents will enjoy uninterrupted luxury, supported by discreet and highly trained staff, advanced security systems, and a design that prioritizes comfort and privacy.
> “We designed Grandis for people who want everything—security, elegance, convenience, and the assurance that their home will look as spectacular in 20 years as it does on day one,” Ademola notes.
A Legacy That Lasts
With its combination of visionary architecture, peerless safety, and meticulous maintenance planning, Grandis is built to remain iconic for generations. Thanks to Dumarco’s meticulous approach, the building’s service charges are expected to remain low while its value and appeal continue to appreciate over time.
In a market often marred by shortcuts and substandard practices, Mr Ademola says
Grandis stands as a beacon of what luxury living should be—safe, spectacular, and built to last.
“Grandis 5Star Luxury Apartment & Suites — Where safety meets sophistication, and every detail is designed for a life well-lived.”
He added
Website -www.dumarcoltd.com
Project website – www.26idowutaylor.com
Email [email protected]
Tel / WhatsApp +234 9077777883
GM – Adejuwon A. Ademola
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