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‘How Obasanjo illegally possessed my Oil Block’ – Africa’s richest woman,Folorunsho Alakija Reveals

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Obasanjoalakija

 

 

Former President Olusegun Obasanjo yesterday told Mrs Folorunsho Alakija who is Africa’s richest woman, that his administration made her among the many billionaire Nigeria presently has.

The former President who was a guest speaker at the 2016 Tony Elumelu Foundation Entrepreneurship Forum, said this while reacting to claims by Alakija that the Obasanjo administration frustrated her moves to explore the oil sector after getting her oil license from the late military dictator, Sani Abacha.

According to Alakija who was also a panelist, the Obasanjo administration illegally took an oil block allocated to her company after her family had invested all its savings to strike oil in commercial quantity. Vanguard quotes her as saying
“This oil block is in 5000 feet depth of water and was extremely difficult to explore. It took 15 years from the time that we were awarded the licence in 1993 till 2008 when we struck the first oil When this event happened, 60 per cent out of our 60 per cent equity in the business, was forcefully taken from us by the government of the day without due process. We had to fight back by going to court to seek redress and it took another 12 years for justice to be served in our favour. In all those years it was my trust in God, my perseverance and the support of my family that got me going,” she said.
Obasanjo replied Alakija when he was given the microphone to speak at the event. He said
“There is a saying in my part of the world that when a proverb touches you and you failed to reply, then you are a coward. For you to come here and say that, for no cause whatsoever, you were denied what was rightfully yours, is not fair. I do not know you from Adam and there is no reason I would have denied you what rightfully belonged to you. So, you have struggled, and you have struck oil. God bless your heart. My delight is to be able to create Nigerian billionaire and I always say it that my aim, when I was in government was to create 50 Nigerian billionaires. Unfortunately I failed. I created only 25 and Madam, you are one of them” he said

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NNPCL Denies Claims of Ethnic Bias, Affirms Operational Independence from Tinubu

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NNPCL Denies Claims of Ethnic Bias, Affirms Operational Independence from Tinubu

NNPCL Denies Claims of Ethnic Bias, Affirms Operational Independence from Tinubu

 

The Nigerian National Petroleum Company Limited (NNPCL) has refuted allegations of ethnic favoritism and undue presidential interference in its operations, emphasizing its commitment to professionalism and meritocracy.

In a statement issued on Saturday, Chief Corporate Communications Officer Olufemi Soneye responded to an article titled “Tinubu’s Buharisation of the NNPC” authored by Prof. Farooq Kperogi. The article alleged that the NNPCL’s leadership structure had become dominated by individuals from the Yoruba ethnic group and claimed a Yoruba candidate was being positioned to succeed the current Group Managing Director, Mele Kyari, whose term expires early next year.

Soneye dismissed these claims, describing the article as rife with misconceptions about the operations and leadership of the company.

“Employment, promotions, appointments, and movements of business leaders at the NNPCL are not influenced by ethnicity, tribe, religion, or political affiliation,” Soneye said. “Decisions within the NNPCL are guided strictly by merit, business requirements, and expertise.”

He further clarified that President Bola Tinubu does not interfere in the company’s operations or leadership decisions.

“President Tinubu’s approach has been to empower institutions like the NNPC to operate independently while fostering a conducive environment for growth and innovation,” Soneye explained. “His administration has introduced transformative policies that have added immense value to the oil and gas sector and the broader Nigerian economy.”

The statement highlighted that the NNPCL’s leadership includes a diverse team comprising individuals from various regions of Nigeria and even foreign professionals.

“The presence of qualified foreigners in the employ of the NNPCL, who have been bolstering the value chain of production and distribution of allied products, is verifiable,” Soneye noted.

He criticized Kperogi’s focus on ethnic identities, stating, “It is sad that a professor of Mr. Kperogi’s standing would resort to and play up the issue of ethnic identities in the configuration of the work team in NNPC just to demonize President Tinubu.”

Under Mele Kyari’s leadership, the NNPCL has achieved several milestones, including advancements in exploration, production, and global partnerships, according to Soneye.

“These milestones were not defined, colored, or contoured by primordial fault-lines of tribe and religion. They were inspired by the collective drive for excellence,” he said.

The NNPCL reiterated its commitment to maintaining professionalism and advancing Nigeria’s oil and gas sector through competence and innovation.

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Why You Should Visit South Africa: A World of Adventure, Culture, and Natural Beauty By Femi Oyewale

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Why You Should Visit South Africa: A World of Adventure, Culture, and Natural Beauty By Femi Oyewale

 

South Africa, often referred to as the “Rainbow Nation,” is a land of diversity, where breathtaking landscapes, rich cultural heritage, and vibrant cities converge to create a traveler’s paradise. Whether you’re an adventurer, history buff, foodie, or beach lover, South Africa offers an unparalleled experience that promises to leave visitors enchanted.

Why You Should Visit South Africa: A World of Adventure, Culture, and Natural Beauty By Femi Oyewale

1. The Allure of Nature: From Safari to Sea

South Africa is globally renowned for its natural beauty, boasting a wide range of ecosystems that include savannas, deserts, mountains, and coastlines.

A. The Big Five and Safari Adventures

The country is home to some of the best safari experiences in the world. Kruger National Park, one of Africa’s largest game reserves, offers visitors the chance to see the famed Big Five—lion, leopard, rhinoceros, elephant, and buffalo—up close. Guided tours and self-drive options cater to both luxury travelers and budget explorers.

B. The Garden Route

Stretching along the southeastern coast, the Garden Route is a scenic drive filled with lush forests, serene lagoons, and pristine beaches. Highlights include the Tsitsikamma National Park, where adventurers can hike, kayak, and even bungee jump off Bloukrans Bridge, the world’s highest commercial bungee jump.

C. Cape Winelands and Table Mountain

Cape Town’s iconic Table Mountain offers panoramic views of the city and its stunning coastline. A short drive away, the Cape Winelands, featuring picturesque vineyards and world-class wineries in Stellenbosch and Franschhoek, attract wine enthusiasts and foodies alike.

  1. Rich Cultural Tapestry

South Africa is a melting pot of cultures, languages, and traditions, making it one of the most unique destinations in the world.

A. The Cradle of Humankind

History lovers will appreciate the UNESCO World Heritage Site known as the Cradle of Humankind, where some of the oldest human fossils were discovered, offering a glimpse into humanity’s origins.

B. Cultural Villages and Heritage

Visit cultural villages like Shakaland in KwaZulu-Natal or Lesedi Cultural Village in Gauteng to experience the traditions of Zulu, Xhosa, and other indigenous groups. These villages showcase traditional dances, cuisine, and crafts.

C. Apartheid History and Nelson Mandela’s Legacy

No visit to South Africa is complete without exploring its complex history. The Apartheid Museum in Johannesburg and Robben Island, where Nelson Mandela was imprisoned, offer sobering yet inspiring insights into the country’s journey to democracy.

 

3. Thriving Cities with Global Appeal

A. Cape Town

Nestled between mountains and the sea, Cape Town is a city of contrasts. Explore the vibrant neighborhoods of Bo-Kaap, enjoy fine dining at the V&A Waterfront, or relax on the beaches of Clifton and Camps Bay.

B. Johannesburg

South Africa’s largest city is the economic heart of the continent and a hub for art, music, and fashion. Maboneng Precinct, known for its creative energy, is a must-visit for galleries, street art, and boutique shopping.

C. Durban

Famous for its subtropical climate and Golden Mile beaches, Durban is also a culinary hotspot. Sample its Indian-influenced dishes like bunny chow, a spicy curry served in a hollowed-out loaf of bread.

4. Adventure for Every Thrill-Seeker

South Africa is a haven for outdoor enthusiasts and adrenaline junkies.

  • Shark Cage Diving: For the brave-hearted, cage diving with great white sharks in Gansbaai offers an unforgettable experience.
  • Hiking Trails: The Drakensberg Mountains feature dramatic peaks and trails for both novice and experienced hikers.
  • Whale Watching: Hermanus is one of the best land-based whale-watching spots in the world, with southern right whales visiting the coast annually.

 

5. A Food Lover’s Dream

South African cuisine reflects the country’s multicultural heritage. Braai (barbecue) is a beloved tradition, while dishes like bobotie, biltong, and Cape Malay curry showcase the nation’s culinary diversity. Pair your meals with a glass of South African wine, renowned for its quality and variety.

 

  1. Practical Tips for Travelers
  • Best Time to Visit: South Africa is a year-round destination, but the dry season (May to September) is ideal for safaris, while November to March offers the best beach weather.
  • Currency: The South African Rand (ZAR) provides excellent value for international visitors.
  • Safety: Like any destination, travelers should exercise caution, particularly in urban areas. Guided tours and reputable accommodations ensure a worry-free experience.

 

7. Why South Africa Should Be on Your Bucket List

Few countries can match South Africa’s blend of stunning landscapes, rich history, and warm hospitality. Whether you’re marveling at wildlife on a safari, savoring fine wine in a vineyard, or immersing yourself in cultural traditions, South Africa is a destination that promises unforgettable memories.

So pack your bags, and get ready to explore the Rainbow Nation—a place where adventure meets culture, and every traveler finds a piece of home.

 

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NCC Approves Disconnection of Exchange Telecommunications from MTN Network Over Unpaid Interconnect Charges

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NCC Approves Disconnection of Exchange Telecommunications from MTN Network Over Unpaid Interconnect Charges

NCC Approves Disconnection of Exchange Telecommunications from MTN Network Over Unpaid Interconnect Charges

The Nigerian Communications Commission (NCC) has approved the disconnection of Exchange Telecommunications Ltd. from MTN Nigeria’s network due to the company’s failure to settle outstanding interconnect charges.

In a public notice issued on Friday, Reuben Muoka, the NCC’s Director of Public Affairs, announced that the disconnection would take effect within five days and remain in place until further notice.

“The Nigerian Communications Commission hereby notifies the public that approval has been granted for the disconnection of Exchange Telecommunications Ltd. (Exchange) from MTN Nigeria Communications Ltd. (MTN) as a result of non-settlement of interconnect charges,” the statement read.

Exchange Telecommunications Faces Regulatory Action

Exchange Telecommunications, which serves as a local and international interconnect carrier, had been notified of MTN’s application to disconnect its services and was given an opportunity to respond. However, the NCC concluded that the company’s explanation for its inability to pay the charges was inadequate.

The regulatory action is in line with Section 100 of the Nigerian Communications Act, 2003, and the Guidelines on Procedure for Granting Approval to Disconnect Telecommunications Operators, 2012.

Timeline and Implications

The NCC directed MTN Nigeria to cease routing voice and data traffic through Exchange Telecommunications five days from the date of the notice. The notice also stipulated that MTN would use alternative channels to ensure seamless interconnectivity with other network service providers after the disconnection.

“At the expiration of five days from the date of this notice, MTN will discontinue passing voice and data traffic through Exchange and will, thereafter, utilise alternative channels in interconnecting with other network service providers,” the NCC clarified.

Ensuring Regulatory Compliance

The disconnection underscores the NCC’s commitment to enforcing financial and operational obligations in Nigeria’s telecommunications industry. The commission reiterated the importance of interconnectivity standards to maintain uninterrupted services for consumers.

This move reflects the NCC’s role in upholding regulatory standards and ensuring that operators meet their obligations within the competitive and highly interconnected telecom sector in Nigeria.

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