Business
‘Coalition for Nigeria movement might become a political party’ – Obasanjo says as he registers

STATEMENT BY H.E OLUSEGUN OBASANJO ON THE OCCASION OF HIS REGISTRATION FOR COALITION FOR NIGERIAN MOVEMENT
Ladies and Gentlemen and members of the Fourth Estate of the Realm, I welcome you to this simple but important ceremony of my registering as a member of the Coalition for Nigeria Movement and I thank you for being here.
Last week, I issued a statement which I did not do lightly or frivolously but out of deep concern for the situation of our country. I gave an expose on some aspects of our situations as I have observed them. I also took liberty to offer advice politely knowing fully well that my advice could be heeded or may be ignored.
However, heeded or not, I strongly believe that Nigeria cannot continue with business as usual. So, I proffered a way out or a way forward.
If the instruments we have used so far in our nation-building and governance since independence have not served us well, it is imperative that we should rethink and retool. It was Einstein who stated that it would amount to height of folly for anybody or any group to continue to do things in the same way and expect different results.
Coalition for Nigeria Movement is proposed as the new direction to mobilise our population for unity, cooperation, development, rule of law, employment, law and order, justice, integration, peace, security, stability, welfare and well-being. In these regards, special attention and space must be given to youths and women, who in most cases, have been victims and underlings.
I am particularly happy that yesterday, men and women (of all ages) of like minds joined hands to launch Coalition for Nigeria Movement (CNM). Among many other things that CNM will do is to raise standards generally but particularly standards of political leadership and governance.
Like all countries, Nigeria has many challenges. That, by itself, is not what we should worry about. What should matter is how, when and with what instruments we address or fail to address these challenges or create more problems.
Let me emphasise important areas, programme, priorities, or processes for improved attention. To start with, we seem to have taken nation-building for granted. Nation-building must be given continued attention to give every citizen a feeling of belonging and a stake in his or her country. For instance, the federal character principle, as espoused in our constitution, was to guide the leadership to search for competent holders of major offices to be distributed within the entire nation and avoid the concentration in a few ethnic hands or geographical places as we currently have in the leadership of our security apparatus. To avoid such non-integrative situation, we have the National Assembly and the Federal Character Commission, both institutions which must raise alarm or call for correction of actions by the executive that violates the spirit of our constitution. In like manner, the spate of violence, criminality, organised crime, insurgency and terrorism have not received sufficient proactive ameliorative responses through transformational leadership – a determined leadership that brings cohesion and wholesomeness to the polity. Nobody and no group should feel excluded in his or her own country. Inclusion and popular participation must be visibly pursued in terms of politics, the economy and our overall social life.
I am happy to be a member of the Coalition for Nigeria Movement. The movement is a pressure point towards good governance. This is the commencement for our popular and grassroots association. Of course, the membership will be free to collectively decide on whether CNM becomes a political party. If the Movement decides to transform itself and go into partisan politics, I will cease to be a member. And as a member for now, I accept all the conditions attached to membership of the Coalition.
We must promote the CNM and mobilise membership all over the country including membership from the Diaspora.
This is an opportunity for women and men, especially youths who have hitherto been feeling marginalised and helpless to go all out and bring friends and families into the CNM fold.
The CNM will remain a popular socio-economic Movement open to all Nigerians who believe in the greatness of Nigeria and are ready to contribute to it.
Some people have started worrying about the problem of personalities, in which some, in other efforts allocate positions to themselves. This Movement is not about personality or personalities; but about platform and system. Our system so far has not given us what we must have. For the first time we are building a platform from bottom-up. The Movement’s base is the grassroots and the people – all the people. When the platform is formed and the new system is put in place, the Movement may decide to sponsor/support candidates or transform itself into a political machine for that purpose.
A socio-economic popular Movement needs to be the new vehicle to give hope to the youths, dignity and encouragement to women and security, confidence, and a promising future to all Nigerians. It must work to bring about a new democratic and efficient Nigeria. The Movement must speak up boldly and bluntly about the truth but politely in accordance with African culture. The Movement will also act collectively with political awareness, social responsibility, sustained and sustainable economic development and progress. Timidity and cowardice must not be part of its make-up or culture and neither must there be indifference. He who keeps quiet, inactive and indifferent in the face of bad act is an accomplice to that act. Self-interest, self-centredness and selfishness must be put aside. National interest must be paramount. The Movement will teach what it believes and practice what it teaches.
It is necessary to make it clear that this movement does not regard itself as a third force. It sees itself as a popular movement that can accommodate all Nigerians irrespective of their political interest or affiliations and will propel Nigeria forward. Nigeria belongs to all Nigerians to be made right and the Coalition with others of the same view and like minds will leave no stone unturned to actualise God-given potentials of our country. The Movement will spearhead process, programme, policies and priorities to make Nigeria a great country playing its expected roles within West Africa, Africa and the world.
Nigerian youth will be emboldened, empowered, have employment, and play meaningful and responsible roles in the leadership and governance of the country in all ramifications. Nigerian women will have dignity, responsibility and equal consideration with men in the affairs of Nigeria.
The Movement is a means to an end. The end is Nigeria, unshackled, united, dynamic, strong, secure, cohesive, stable, and prosperous at home and respected outside, and as result, able to play decisive roles assertively within the comity of nations. A Nigeria of hope, aspiration and assurances which belongs to all with no sacred cow nor sacrificial lamb is what we want. My Nigeria, your Nigeria and our Nigeria with enchanting present and secure and glorious future.
Join the Movement to build a new Nigeria that will be in the hands of God.
Business
NNPCL and Corruption’s Final Throes
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.
Business
GRANDIS 5STAR LUXURY APARTMENT & SUITES SET TO REDEFINE LIVING IN VICTORIA ISLAND
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
celebrity radar - gossips
Nationwide Talent, One Broadcaster: Tinubu Picks Pedro, Bello, Din, Mohammed to Lead NTA
Tinubu Overhauls NTA Leadership: Media Powerhouse Rotimi Pedro Takes Helm as DG
President Bola Ahmed Tinubu has announced a major shake-up at the Nigerian Television Authority (NTA), appointing renowned media executive Rotimi Richard Pedro as the new Director-General in a move widely seen as a bold step toward modernising the state broadcaster.
Pedro, a Lagos native, brings nearly 30 years of expertise in broadcasting, sports rights, and marketing communications across Africa, the UK, and the Middle East. A trained entertainment and intellectual property lawyer, he also holds an MSc in Investment Management and Finance from City University Business School, London.
In 1995, Pedro founded Optima Sports Management International (OSMI), which rose to become one of Africa’s leading sports content providers—distributing premium events such as the English Premier League, UEFA Champions League, FIFA World Cup, and CAF competitions to audiences in over 40 countries.
His career highlights include top roles at Bloomberg Television Africa and Rapid Blue Format, as well as advisory work for FIFA, UEFA, Fremantle Media, and the African Union of Broadcasters (AUB). At the AUB, he was instrumental in securing exclusive pan-African free-to-air media rights for all CAF competitions.
Alongside Pedro’s appointment, Tinubu named Karimah Bello from Katsina State as Executive Director of Marketing, Stella Din from Plateau State as Executive Director of News, and Sophia Issa Mohammed from Adamawa State as Managing Director of NTA Enterprises Limited.
Industry insiders credit Pedro with building commercially viable broadcast platforms, driving sponsorship growth, and delivering world-class content to African audiences. His appointment marks one of the most significant leadership changes at NTA in years—signalling the government’s intent to strengthen the broadcaster’s competitiveness in a fast-evolving media landscape.
-
society5 months agoRamadan Relief: Matawalle Distributes Over ₦1 Billion to Support 2.5 Million Zamfara Residents
-
Politics2 months agoNigeria Is Not His Estate: Wike’s 2,000‑Hectare Scandal Must Shake Us Awake
-
society4 months agoBroken Promises and Broken Backs: The ₦70,000 Minimum Wage Law and the Betrayal of Nigerian Workers
-
society3 months agoOGUN INVESTS OVER ₦2.25 BILLION TO BOOST AQUACULTURE


You must be logged in to post a comment Login