celebrity radar - gossips
Africa Akinwunmi Adesina (AFDB): Any conspiracy from the Western Block? By Jimoh Ibrahim OFR, CFR
Please wait a minute; it is about corporate governance! Yes, in a simple bank matter, and what is more, as Wolfensohn will say, corporate governance is about promoting corporate fairness, transparency, and accountability. Every day we keep struggling on which of the rules of ethics or governance will secure corporate sustainability and profitability. The strategy is unending from its trajectory from the 1776 Adam Smith “it is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self -interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessity but of their advantages” In 1932 we were inodiated with the corporate governance of Berle and Means, which centered on the separation of ownership from the control that produces a condition where the interest of the owner and ultimate manager may, and often do diverge. Or desire to maximized shareholders’ value. And, could this be the desire of the Western block interest in AFDB? We are no longer in the 1980 days of mergers and acquisitions. Or, Junk Bonds and poison pills no one is interested in selling her shares in AFDB. (at least I do know that the Nigeria shares is not for sale!) it may be that the 1900 rise of institutional investors is the thinking of Donald Trump on corporate governance as a businessman. The challenge with an institutional investor is the high cost of monitoring and the free-rider problem, liquidity versus dialogue, who own the institutional investor share, and who is the ultimate beneficiary of the shares in the end? Or the challenge of the company versus index investing, effective market hypothesis, portfolio diversification. Will individual action make a difference concerning AFDB ethical issues? Or a case of rationale apathy or outright apathy ignorance, and what is the active oversight of the US going to add any value to AFDB? We left those issues to the events of the 1990s. A new challenge to corporate governance in the 2000s was the case of activism, and Hedge Funds and Private equity—the 2010 issues of pooled Funds and stewardship cannot be wholly left out since trust is of a challenge. In 2020 we are not even sure what response to corporate governance will be with COVID 19. The problems of managing corporations from home include presenting an integrated fiduciary relationship between the management and the Board at a time when the Directors can be held responsible for the management’s actions, and defense of I did not do what the management did can no longer stand! Liberalism has a way of making everyone wealthy from the absolute gain advantage through collective action. The assurances of collective resources to pursue share gains so is the West, NATO, and North America Free Trade Agreement (NAFTA). It is against such authoritarian regimes that liberalism thinks, liberals will not go into war against one another, and the principle of collectivism and collaboration is in the best interest of economic harmony. Yes, the democratic peace theory and the campaign for the establishment of the liberal domestic democratic Government worldwide. The US will not buy Nigeria oil, yet we are hoping for wealth creation among two liberals with absolute gains and collective interest. The US may cross the border to control Nigeria’s investment in AFDB and wishing to remove the Nigerian elected president in a bank in which Nigeria has the highest interest. Is the relative gains principle of liberalism in international units strengthen US interest against Nigeria? The US aims at spreading liberal democracy that widening the zone of peace inhabited by world democratic states. Yet, the US is questioning the Nigerian appointment and praxis of a Nigerian bank president in a bank in which Nigeria has the highest shares! What is more of a nonsensical or absurd idea or talk of a President of AFDB asking to explain why he employed a female staff? He favors the highest shareholder, why his personal team is known to him before resuming to work, what he has to say about a staff that proceeded on medical leave on health ground after the bank physician-approved a health leave for him. What a nonsense. And notwithstanding the clearance from the Board room, a ‘powerful’ shareholder wants independent probe of the nonsense allegations! In global governance, the US can violate global governance principles without question; all she needs to say is that she is doing so on a humanitarian grant! Adesina, a Human being need not have an altruistic feeling so conceived the US. If he invites a colleague who both of them made first class in the university to work with him, then the US must trump up a limited war at least for a start. The US power as a hegemon cannot be challenged. (yet international society is anarchic in the sense that there is no central Government) At least without the UN resolution, the US invaded Iraq for violation of the UN directives for ten years. Where did the US get the authority to invade Iraq? Never worry, it is all about providing stability as hegemon to the new world, (But the US does not give central Government for the global society) Who invade Panama in the face of article 2 (4) and (7) of the UN chapter? It all in the protection of global governance principles. (maybe.) In Nigeria, out of the list of liberal states? Alexander Dumas ‘all for one and one for all’ now comes to the unwillingness of other western nations to protect Nigeria in the face of the US launch of the attack on Nigeria as one significant investment in Africa’s continent. Where did we go wrong! The US indeed must be a powerful country battling so many issues at the same time. From the challenges of power shift, the WHO imbroglio, the debt crises, outdating infrastructure, and more importantly, COVID 19 and now to Femi Adesina query to explain why he employed Nigerians and allow a sick director to go on leave at AFDB. Also, less I forget why he employed his personal staff like the chief of staff from people he already knows!! There is no specific allegation on fraud yet. The US is about launching a limited war in AFDB. Again, will the war be not, however, absolute? If what is left from the remains of liberalism is anything relevant from the battle of COVID19 to Africa Development Bank (AFDB), then America will soon remember Winston Churchill golden worlds ‘to jaw jaw is always better than to war war! At least after the upcoming August re-election of Akinwunmi Adesina. Yes, liberalism is all about collaboration, collectivism, and interdependence. It is all about the harmony of interest. No one will forget too soon that liberalism is a normative theory that has its own phenomenon of what ought to be rather than what it is. And, it is not contending the fact that there are specific regulations in respect of what is in the procedural setting of AFDB rather than what it ought to be. The processes and procedures of the African Development Bank are not for reforms (at least for now).
The US should be applying the procedure after the change, not using what ought to be as Yasick for today’s judgment. For unjust orders are inherently unstable because they invite rebellion by the people they oppress. We say that liberal theory is often prescriptive, recommending specific policy for just order not in the content of what is established to be known to us as AFDB rules of ethics coded and written praxis.
celebrity radar - gossips
Had FFK Faced Mehdi Hassan, Nigeria Would Have Spoken With Fire
Had FFK Faced Mehdi Hassan, Nigeria Would Have Spoken With Fire
By Mohammed Bello Doka
In politics, timing is everything. In diplomacy, character is everything. And in moments of national importance, leadership must be entrusted to individuals who possess not only experience but courage, intellect and an unshakable commitment to the nation they represent.
It is for this reason that the appointment of Chief Femi Fani-Kayode as Nigeria’s Ambassador to a foreign nation stands out as one of the most consequential diplomatic decisions in recent years.
Chief Femi Fani-Kayode, better known in the South as “FFK” and in the North as “Sadauki”, is one of the most brilliant, experienced, accomplished, vocal, respected, educated, profound, intellectual, patriotic, disciplined, well-read, historically literate, versatile, forceful, persuasive, sophisticated, cosmopolitan, charming, eloquent, courageous and resilient men in Nigerian politics and he has paid his dues and proved his worth over the last 35 years in politics and political discourse.
In each role he has played he has excelled and succeeded even when he was in opposition.
His friends value him as a great and loyal defender and his traducers and political adversaries fear and respect him because when he goes to war he is utterly relentless, takes no prisoners and literally spits fire.
How I wish it was him that was interviewed by Mehdi Hassan of Al Jazeera and not the young and inexperienced Daniel Bwala because he would have not only humbled Hassan but also done Nigeria proud.
He played Bwala’s present role in the Presidential Villa 23 years ago as President Olusegun Obasanjo’s spokesman and not only brought the then President’s domestic enemies to their knees but also had a series of very hot exchanges with foreign Government officials like America’s Under-Secreatary of State for Africa Jendaye Fraser and the White House over the Charles Taylor issue and Liberia.
Tinubu decision to appoint him as an Ambassador for our nation was a wise one because he will fight for and protect the interests of Nigeria and the Nigerian community whetever he goes and will never sell his soul or bow to foreign imperialist interests.
His appointment is not about just rewarding loyalty for the key role he played in Tinubu’s presidentiel campaign organisation as Director of New Media and Special Operations in 2023 and the staunch support he has given the President over the last three years but also about putting a square peg in a square hole.
If you want to put Nigeria first Sadauki is the one to do it.
If he runs the Nigerian Mission in the country that he is sent to in the same way he ran the Ministry of Culture and Tourism and the Ministry of Aviation when he was Minister to each of them one after the other twenty years ago he will do very well and both our nation and whichever nation he is posted to itself will benefit from his efforts.
History teaches that diplomacy is most effective when nations deploy individuals who possess both intellect and courage.
As the American statesman Henry Kissinger once noted, “Diplomacy is the art of restraining power.”
To do so successfully requires deep historical awareness and strategic clarity—qualities that have long defined Fani-Kayode’s political career.
Sending a politically seasoned voice like FFK to any nation that is a key partner to Nigeria signals that Bola Ahmed Tinubu intends to strengthen Nigeria’s diplomatic posture with confidence.
Throughout more than three decades in the political arena, Fani-Kayode has remained one of the most resilient and outspoken figures in Nigerian public life despite numerous challenges which would have broken and destroyed lesser men.
Regardless of all that was thrown at him he continues to pull through and come out victorious which is why many refer to him as the “Akanda Eledumare” and the “Ayanfe Oluwa” which mean “the strange one of God” and “the beloved of the Lord”.
There appears to be a divine dimension to his life that makes him unstoppable and irrepressible even though his enemies are legion.
One wonders what sets him apart and makes him so different.
There is no doubt that his education played a part in it and this set him apart from most.
He never went to school in Nigeria but was educated from the age of eight in England starting off at Holmewood House School in Kent, one of the UK’s best and most famous Preparatory schools, after which he attended the famous Harrow School just outside London which is, together with Eton College, an institution that is the exclusive preserve of high society in the UK, one of the two best private schools in that country where only the ruling elite, the rich, the well-to-do, the famous and only a tiny proportion of those in British high society can afford or even qualify to attend.
No less than eight British Prime Ministers, including the great Sir Winston Churchill, and countless British cabinet ministers attended Harrow and so did many leaders, diplomats and top politicians from many foreign countries.
After finishing at Harrow he attended some of the top universities in the world, including London University (SOAS) and Cambridge University (Pembroke College) where he did so well.
As a matter of fact his great grandfather, Rev. Emmanuel Adelabi Kayode, attended Furrough Bay College which at that time was part of Durham University and graduated with an MA (Hons.) in Theology in 1893. His grandfather Justice Adedapo Kayode attended Cambridge University (Selwyn College) where he studied law and graduated in 1922. His father Chief Remilekun Fani-Kayode attended Cambridge University (Downing College) where he studied law and graduated in 1943. Sadauki himself graduated in law at Cambridge University (Pembroke College) in 1984 whilst his daughter Folake Fani-Kayode graduated from Durham University in 2009.
No African family has an uninterrupted streak of 116 years of Oxbridge-level university graduates except for the Fani-Kayode’s which is something that both his family and every patriotic Nigerian should be proud of.
It therefore makes perfect sense that a man from such a distinguished pedigree and intimidating lineage and that has such an extraordinary intellectual heritage should represent Nigeria on the international stage.
There is also his role in the debate on Gaza which made him a hero in the eyes of millions of people in the Global South both amongst Christians and Muslims.
He spoke out consistently about what he described as the genocide being committed against the Palestinians and he was prepared to put his life and career on the line for this cause even though most Nigerian leaders and politicians refused to say what he was saying publicly out of fear of the Zionist lobby and the Jewish state.
His sense of patriotism is unquestionable and nothing reflects this better than his series of essays written against Kemi Badenoch, the leader of the British Opposition Conservative Party and his write up against one Ben Llewelyn-Jones, who at that time was the Deputy British High Commissioner to Nigeria, when the former consistently sought to insult and denigrate Nigeria and the Nigerian people and the latter attempted to interfere in our internal affairs by making statements in support of Peter Obi and his Obidients in the 2023 presidential elections.
Sadauki successfully put them both in their place and when American Senator Ted Cruz, President Donald Trump, Congressman Tim Riley and other American politicians began to peddle the false narrative and fake gospel of Christian genocide and persecution in Nigeria Sadauki, a devout Christian himself, rose to the challenge and more than any other Nigerian wrote about the issue in a series of essays pointing out the fact that as many Muslims were being killed as Christians by the terrorists in our country and that Christians were not being persecuted by our Government and are in fact faring better when it comes to positions in the security apparatus and governance under Tinubu than they did in the previous administration.
He also spoke out boldly against President Trump and his administration when they accused the Government of South Africa of indulging in genocide against the white minority population in their country and pointed out the fact that South Africa, like Brazil, was a shining example of a successful multi-ethnic, multi-religious and multi-cultural nation that was treating its white minority population with the greatest respect. Few Africans said a word to defend South Africa at the time even though they knew that Trump was wrong but Sadauki did so without thinking twice.
He is clearly a strong Pan-Africanist and a believer in the importance of the African Union, African solidarity, the BRICS coalition and the Global South alliance comprising of China, Russia, South Africa, India, Saudi Arabia, Turkey and other emerging world powers.
This is commendable and it reflects his courage and disdain for those that display ignorance, disdain and contempt for our nation and people and that seek to denigrate and misrepresent us.
Sadauki is not the type that bows and quivers before Westerners like so many other Nigerian leaders and politicians but rather takes pride in his Nigerian culture, race, heritage and identity and is prepared to defend us and speak for us no matter whose ox is gored and who is involved.
In an increasingly competitive global environment, Nigeria requires diplomats capable not only of negotiation but also of defending national interests with conviction.
If the energy, eloquence and intellectual fire that have defined Fani-Kayode’s political life accompany him to the country to which he has been posted, his tenure may well become one of the most consequential chapters in Nigeria’s modern diplomatic engagements.
I wish him well and I thank God that he is back in the saddle of public office after so many years.
What more could any of us ask of this great and noble son of Nigeria?
This is undoubtedly the quality of personnel and leaders that we need on the international stage.
I hope and pray that in his endeavours and during the course of his work he meets with Mehdi Hassan in a debate and prove to him and the rest of the world that Nigeria still has men that can not only match them but that can also remove their trousers in any verbal encounter. Bwala put us to shame but FFK can redeem us before the eyes of the world.
(Mohammed Bello Doka, the author of this essay, is the publisher of Abuja Network News and can be reached via [email protected])
celebrity radar - gossips
Sunday Igboho Hails IBD Dende’s Exceptional Generosity and Loyalty
Sunday Igboho Hails IBD Dende’s Exceptional Generosity and Loyalty
By Adeyemi Obadimu
A prominent Yoruba nation activist, Sunday Igboho, has publicly commended renowned businessman and philanthropist, Ibrahim Egungbohun, popularly known as IBD Dende, for what he described as extraordinary generosity and unwavering support during one of the most challenging periods of his life.
Speaking about his experience following his release from detention in the Benin Republic, Igboho disclosed that IBD Dende reached out to him immediately to inquire about his welfare and next destination. According to him, when he explained that he was planning to travel to Germany and that the cost of flight tickets for himself and his wife amounted to ₦6 million, Dende requested his bank details.
In a remarkable show of goodwill, Igboho revealed that Dende transferred ₦20 million to his account far above the stated travel expenses with the reassurance that the extra funds could assist with other pressing needs.
Igboho further recounted that upon his eventual return to Nigeria, despite ongoing financial restrictions, IBD Dende was the first person he met. At that meeting, the businessman reportedly provided an additional ₦10 million to enable him host visitors and manage immediate responsibilities, particularly as his bank account remains frozen.
The activist also expressed profound gratitude to former Oyo State Governor, Rasheed Ladoja, whom he credited for resolving issues between him and President Bola Ahmed Tinubu.
Describing Dende as a man of rare loyalty and compassion, Igboho stated that anyone who harbours ill feelings toward the businessman “is under a curse,” emphasizing the depth of gratitude he holds for the support he received.
The development has sparked conversations across social and political circles, further highlighting IBD Dende’s reputation as a philanthropist and influential figure known for standing by associates in difficult times.
celebrity radar - gossips
BUA Chairman Abdul Samad Rabiu Records Africa’s Biggest Wealth Surge, Net Worth Hits $11.2bn
BUA Chairman Abdul Samad Rabiu Tops Africa’s Wealth Gains in the 2026 Forbes Rankings as His Fortune Jumps 120% to $11.2 Billion, Rising to 3rd Place; Aliko Dangote Remains No.1
Billionaire Industrialist, Philantropist, and Chairman of BUA Group, Abdul Samad Rabiu, has emerged as Africa’s biggest wealth gainer in the 2026 Africa’s Richest People ranking published by Forbes, after his net worth rose sharply over the past year.
According to the latest Forbes list, Rabiu’s wealth surged 120 percent to $11.2 billion, representing the largest increase recorded among the continent’s billionaires in the latest ranking. The jump moves Rabiu, who is Nigerian, to third place among Africa’s richest individuals, up from sixth position a year ago.
The rise in Rabiu’s fortune was driven largely by the strong performance of BUA Cement, his flagship publicly listed company, whose shares surged by 135 percent over the past year. The rally significantly outpaced gains in the broader Nigerian Exchange, which has itself recorded strong growth amid improving investor confidence.
Forbes estimates Rabiu’s net worth at $11.2 billion, placing him behind luxury goods tycoon Johann Rupert, whose fortune is estimated at $16.1 billion, and Africa’s richest man Aliko Dangote, who retains the top position with an estimated $28.5 billion.
Rabiu’s rise underscores the growing influence of Nigeria’s industrial sector and the expanding footprint of BUA Group, which has built major operations across cement manufacturing, food processing, sugar refining, infrastructure, mining and energy.
The latest Forbes ranking also highlights a broader surge in wealth across Africa’s billionaire class. The continent’s 23 billionaires now hold a combined net worth of $126.7 billion, representing a 21 percent increase from the previous year, as major equity markets rallied and regional currencies stabilised.
Nigeria remains one of the continent’s leading centres of billionaire wealth, accounting for four individuals on the list, including Dangote, Rabiu, telecommunications magnate Mike Adenuga, and energy investor Femi Otedola.
Forbes said the 2026 ranking was calculated using stock prices and exchange rates as of March 1, 2026, with privately held companies valued using comparable industry benchmarks.
Rabiu’s leap in the ranking reflects not only the strong performance of BUA Cement but also the broader momentum of Nigeria’s capital markets and the continued expansion of large scale industrial enterprises across Africa’s largest economy.
Analysts say the development signals growing investor confidence in African manufacturing and infrastructure driven businesses, sectors that are increasingly central to the continent’s economic transformation.
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