Business
‘We will not die without You’ – PDP Replies Obasanjo
The Peoples Democratic Party has said that it will not force former President Olusegun Obasanjo to return as its member.
It said it would respect the decision of the former President, but added that whether he returned or not, it (the party) would not die.
Obasanjo had on Tuesday vowed never to return to the party, saying he would rather remain a statesman, working for the interest of the nation.
He spoke with journalists after he held a meeting with the National Caretaker Chairman of the party, Senator Ahmed Makarfi, behind closed doors at the Olusegun Obasanjo Presidential Library, Abeokuta.
He had said, “I have told the chairman that I was in the PDP before but not now. God forbid, see when dog vomits, it will go back to eat its vomit, no.
“I have said no partisan politics for me again, but Nigeria is my passion until death do us apart. And anything that concerns Nigeria, the good of Nigeria, you’ll see my involvement.
“So, the chairman has come to greet me and I greet am, and now that we have greeted ourselves, the chairman will be going, you gentlemen and ladies of the press, you can now go, leave the chairman alone.”
Reacting, the spokesperson for the PDP, Prince Dayo Adeyeye, said Obasanjo had earlier said that he would not return to the party, adding that as an individual, the party would respect his views.
He said, “He has said it before (that he won’t return to the party). We are not going to force him. No individual is bigger than the party.
“Obasanjo has the right to hold his opinion. But the PDP will not die, either he joins us or not.
“We respect his opinion. There’s nothing to say more than that. He is an individual and we respect him.”
Meanwhile, as the countdown to the December 9 elective convention of the party draws nearer, the South-West geopolitical zone has been warned on the danger of losing the national chairmanship of the party if it failed to agree on a consensus candidate.
A former Minister of Police Affairs Minister, Adamu Maina Waziri, gave the warning in Abuja on Wednesday at the declaration of a former governor of Ogun State, Chief Gbenga Daniel, for the office of the national chairman of the party.
He said, “If, for any reason, Gbenga Daniel fails in his bid to become the national chairman, it is Daniel that would lose. But if none of the about six aspirants from the South-West fails to win, the South-West will be the loser.”
He called on the aspirants from the zone to close ranks and present a common front at the convention in the interest of the party.
Also speaking at the declaration event, a former Aviation Minister and a chieftain of the party, Chief Femi Fani-Kayode, lauded the leadership acumen of Daniel even as he charged the PDP to shun divisions within its ranks.
Fani-Kayode, who described all aspirants from the zone as his personal friends, however, insisted that Daniel remained the first among the equals in the pack.
In his speech titled, “Let’s start afresh…Together we can do it,” Daniel said he was in the race to make a difference having taken stock of the troubles that rattled the PDP in the past couple of years.
He said, “I have come to the conclusion that the challenges which face our political party are not permanent. They could be rectified through a careful deployment of resources, the will power and ability to work through difficult situations, concessions and compromises if need be, and ability to move all our people into one disciplined accord on all matters.
“I declare before you today to contest for the office of the national chairman of the Peoples Democratic Party at the national convention.
“I come to this resolve after a careful analysis of the challenges confronting the PDP and on the strength of clear understanding of my personal ability to provide the needed leadership in our collective search for solutions.”
But the senator representing Ogun East Senatorial District, Buruji Kashamu, has said it will be “a monumental disaster” to elect Daniel as the PDP national chairman.
Kashamu said in a statement on Wednesday that Daniel was the least qualified among those aspiring for the post.
The statement read in part, “When I heard that he was vying for the post, my initial reaction was that it was a joke. But, now that he has decided to make a formal declaration, I would say it is a joke taken too far.
“Let me say with all sense of responsibility that Daniel does not have what it takes to lead our great party. He is the least qualified among all those vying for the position.”
Business
Dennis Ekamah Isn’t Building Houses—He’s Redefining What Home Means for Africans Through PropTech
Dennis Ekamah Isn’t Building Houses—He’s Redefining What Home Means for Africans Through PropTech.
The founder of coHouse.ng is reimagining how millions of Africans access, experience, and share housing through technology.
In Africa’s rapidly evolving innovation landscape, the most transformative companies are no longer defined by the industries they enter, but by the systems they redesign.
For Dennis Ekamah, the opportunity was never about constructing buildings, it was about confronting a deeper question.
why is access to housing still so structurally difficult for millions of Africans in a digital age?
Rather than stepping into real estate as a developer. Dennis chose a different path, positioning coHouse.ng as a PropTech platform rethinking how housing is accessed, experienced, and shared. At the heart of this vision which is connecting potential home owners together via resource pooling for the purpose of either Living or Growth. Simply, *Connect. Live. Grow.*
*A Platform Not a Property Company*
coHouse.ng is not a real estate company. It is a technology-driven ecosystem connecting like-minded individuals into structured communities where they can live intentionally, invest collectively, and grow within a shared system.
From Insight to Recognition
In 2025, coHouse.ng was recognised among the Top 50 Tech Startups in Africa. Even ahead of its official launch, the platform attracted over 1,000 early waitlist users, individuals eager to be part of a new way of living and investing.
Solving for Access, Alignment, and Trust
Dennis Ekamah’s diagnosis goes deeper than supply shortfalls. The real barriers he argues are access, coordination, and trust. coHouse.ng tackles all three through identity verification powered by a third party verification system api. coHouse is not flying solo without the help and collaboration with government bodies across Nigeria and other African countries.
In his words;
“Imagine what you would achieve as an individual or group if you’re living with the right people or like-minded individuals around you.”
I’m not a developer, I’m not a professional realtor, I’m just someone who sees the need for this solution based on the problem we face as youth/young entrepreneurs in today’s housing deficiency across Africa.
— Dennis Ekamah
Join our waitlist by visiting www.cohouse.ng
Business
Landmark Judgment: Federal High Court Dismisses ₦50bn Oil Spill Claim Against ExxonMobil
Landmark Judgment: Federal High Court Dismisses ₦50bn Oil Spill Claim Against ExxonMobil
The Federal High Court sitting in Uyo has dismissed a ₦50 billion lawsuit filed against ExxonMobil, sued as Mobil Producing Nigeria Unlimited, now Seplat Energy Producing, in a ruling analysts say could significantly reshape oil spill litigation and compensation claims in Nigeria’s petroleum sector.
Delivering judgment on April 29, 2026, Justice Onyetenu held that the suit instituted by the Ejige Ore Njenyisi Muma & Fishing Co-operative Society Ltd was incompetent and liable to dismissal for lack of jurisdiction.
The plaintiffs had sought ₦50 billion in damages over an alleged hydrocarbon spill said to have occurred on September 12, 2021.
However, counsel to the defendant, Chinonso Ekuma of KENNA LP, successfully argued that the claimants failed to disclose any legally recognisable violation attributable to the oil firm.
In its findings, the court held that the plaintiffs failed to establish any actionable wrongdoing against the defendant.
A key element in the court’s decision was the Joint Investigation Visit (JIV) Report tendered by the plaintiffs themselves, which showed that the alleged spill incident was confined within ExxonMobil’s operational facility and did not impact the members of the cooperative society or their sources of livelihood.
The court further ruled that claims arising from such incidents must be pursued strictly under the statutory compensation framework provided in Section 11(5) of the Oil Pipelines Act, rather than through common-law claims founded on negligence or nuisance.
Justice Onyetenu held that the plaintiffs’ attempt to circumvent the statutory regime by framing the suit as a tort action rendered the matter incompetent before the court, thereby depriving it of jurisdiction.
Legal analysts say the judgment reinforces the supremacy of the Oil Pipelines Act in determining compensation procedures relating to oil pipeline incidents and environmental claims in Nigeria.
The ruling is also seen as strengthening the evidential weight of Joint Investigation Visit Reports, particularly in cases where such reports indicate no direct impact on claimants or host communities.
Industry observers believe the judgment will have far-reaching implications for future oil spill litigation, especially regarding the procedural requirements for compensation claims against oil operators.
The court’s decision further provides clarity for operators within Nigeria’s energy sector by reaffirming that compliance with Section 11(5) of the Oil Pipelines Act is mandatory and cannot be sidestepped through alternative legal formulations.
While K.O. Uzuokwu appeared for the plaintiffs, the defence was led by Chinonso Ekuma of KENNA LP on behalf of ExxonMobil.
Bank
Union Bank Honoured by ASBON at Nigeria National SME Business Awards
Union Bank Honoured by ASBON at Nigeria National SME Business Awards
Lagos, Nigeria – Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos.
The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a differentiated suite of solutions designed to enable business expansion and long-term value creation.
Receiving the award on behalf of the Bank, Ayokunnumi Abraham, Head of SME Segment at Union Bank, described the recognition as a strong endorsement of the Bank’s commitment to supporting small and medium-sized businesses. He said:
“We are honoured to receive this recognition, which reflects Union Bank’s continued commitment to helping SMEs grow by making banking simpler, faster, and more accessible. Through enhancements to our specialised platforms such as Union360, we have meaningfully reduced the time it takes for businesses to come on board and begin transacting. These improvements have shortened onboarding, increased digital adoption among our SME customers, and supported the acquisition of new business clients. Our focus remains on delivering practical solutions that help Nigerian businesses thrive.”
Organised by ASBON in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment, the event convened stakeholders from the public and private sectors to recognise individuals and organisations driving meaningful impact across Nigeria’s SME ecosystem.
Union Bank remains focused on deepening its support for SMEs through customer-led solutions and processes that strengthen business growth across the ecosystem.
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