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NNPC, Oando And Atiku Abubakar’s Attacks

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By Temitope Ajayi

By his advanced age and eminent status as a former Vice President of Nigeria, Alhaji Atiku Abubakar is by no means qualified to be an elder statesman. Statesmen are highly venerated and revered people to whom we go for advice, guidance and direction.

But sometimes, Alhaji Atiku Abubakar behaves as if he should be removed from that exclusive club. Or how else can one interpret some of his utterances and statements? Or is the former vice president merely playing politics? But politics should have its season and time and should sometimes give way for nation-building and patriotism. Statesmen are not given to flippancy. Neither are they whimsical. They are measured in words and deeds, a quality that Alhaji Atiku has not demonstrated in public discourse since losing the last presidential election as the candidate of the Peoples Democratic Party (PDP).

Alhaji Atiku, obviously still stung by his electoral loss, can not see that a person of his profile must make interventions decorously and decently.

As a former Vice President of Nigeria, Alhaji Atiku self-denigrates when he makes interventions that eschew basic decency and without weighing how such unguarded outpourings portray the country and the implications for businesses and state institutions.

A man who still nurses the ambition to be president despite being close to the Octogenarian Club should be mindful not to destroy the institutions of state upon which the government functions.

For reasons borne out of desperation and frustration arising from an unrealised presidential ambition, Alhaji Atiku and his attack dogs have been unrelenting in their assault on NNPC and members of President Bola Tinubu’s family without any justifiable reason. It is more telling that the attacks have been based on outright lies, half-truths, and deliberate distortion of facts to hoodwink the public.

In his recent tirades, the former Vice President falsely accused President Tinubu, the Nigerian National Petroleum Company, and Oando Plc, where the President’s relative, Mr Wale Tinubu, holds sway as the Chief Executive, of unwholesome practice in a purely commercial transaction involving a downstream company where Oando had interests and the retail arm of NNPC.

For Alhaji Atiku, facts are not sacred if his politics is served. The damage he has inflicted on the economy and the public image of the entities involved in this matter means nothing to a man who wants to pollute the environment enough to create a credibility crisis.
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While Alhaji Atiku, on whose authority false claims are regularly made via reckless press statements, is vicariously liable, it is pathetic that the defeated PDP presidential candidate parades media aides such as Paul Ibe and Phrank Shaibu, who also lack introspection. The two pitiable men, who must be seen working to justify their pay, have scant regard for the truth.

Ibe and Shaibu have a superficial knowledge of the issues they raised in many of their arid press releases. The two men are either too lazy to do the necessary research on the subject matter or at least seek the opinions of experts for proper education on the transaction dynamics involved in the OVH/NNPC deal and that of OANDO/AGIP divestment.

In one of his press statements, Alhaji Atiku misinformed the public when he accused President Tinubu of mortgaging the country to his family members and associates. In his rage, he said NNPC puts its retail arm under the control of OVH, a company he alleged that Oando, led by Wale Tinubu, owns a 49% stake in. One would expect that a former Vice President of Nigeria should speak to facts and not innuendos. This is more so for a man who expects the public to take him seriously. To start with, Wale Tinubu and Oando do not own a 49% stake in OVH after Oando sold its downstream business.

Evidence declines to support any of the wild claims contained in the Atiku’s press statements. NNPC has rightly responded to Atiku and set the records straight in a statement issued by its Chief Communication Officer, Femi Soneye, on 22 August 2024. In the statement entitled ‘OVH Acquisition: The Facts by NNPC Limited,” Soneye firmly pushed back against Atiku’s tissue of lies thus:

“At the time NNPC Ltd acquired OVH in 2022, Oando (in which Mr. Wale Tinubu has equity interest), had fully divested its equity in OVH to the two other partners – Vitol and Helios. Oando began its divestment in 2016, with Vitol and Helios coming in as equity partners, leading to the name change from Oando to OVH. In 2019, Oando fully divested its equity interest in OVH, resulting in Vitol and Helios holding 50% equity interests, respectively.

“Upon acquisition of OVH by NNPC Ltd, NNPC Retail Ltd and OVH effectively became subsidiaries of NNPC Ltd. However, based on professional advice and sound commercial considerations, NNPC Ltd opted to merge NNPC Retail Limited into OVH, and then retain NNPC Retail Limited as the company name post-merger. The first step of merging NNPC Retail Ltd into OVH has been completed, and the post-merger renaming of NNPC Retail Ltd is ongoing. Contrary to the false alarm, neither Wale Tinubu nor the President has any interest in the OVH acquisition.”

Providing more significant details and clarity on the OVH/NNPC deal, Mr Femi Awoyemi, Publisher and Chief Executive Officer of Proshare decried how political actors like Alhaji Atiku pursue personal political agendas at the expense of the economy and public good, arguing that “players seeking to push self-interested agendas must come with evidence and not innuendos.”

Mr Awoyemi averred: “Despite misgivings about an entity, I, as a member of the governance community, understand that it is unhelpful if we allow misrepresentations to replace objectivity and accountability.

“On this note, I offer my thoughts on the NNPC-OVH issue without holding a fort for any party. Public and analyst records available to our economic and market intelligence (EMI) unit affirm that Oando Plc was out of OVH three (3) years before NNPC Retail chose to buy it out. (OVH stands for Oando, Vitol, and Helios). A review of Oando’s financial statements shows that it divested its downstream business (OVH) in three tranches: 60%, 35%, and 5%.”

From the dates of Oando’s divestment from its downstream business, which started with the first one to OVH on 30 June 2016 and ended with the final exit on 29 November 2019, the company no longer participated in subsequent transactions between OVH and NNPC Retail.

We are in a political environment where politicians like Alhaji Atiku are constantly plotting and scheming, using every fair and foul means, but it should not be so. After all the divisive rhetoric of electioneering, a nation deserves healing time when the focus should be solely on nation-building and governance. Alhaji Atiku is not willing to yield any space. He wants to remain in the election mood till the next electoral season, dishing falsehoods in industrial quantities to create his alternative universe. He is acting out the Trumpian playbook, which is to constantly push out falsehoods in the forlorn hope that they would gain currency and that people would believe.

That was why Shaibu doubled down on the lies on the OANDO/AGIP deal when the ones by Paul Ibe did not gain traction. In a scathing and uninformed statement issued by Shaibu, Alhaji Abubakar queried the Oando/AGIP deal, seeking to know why the transaction has gone through while that of SEPLAT/Mobil is yet to be fully consummated. Alhaji Atiku’s cheap shot and laborious attempt to draw false equivalence should never be lost on anyone. If the former Vice President and Shaibu had applied themselves well, they should have known that the circumstances around Oando/AGIP and SEPLAT/Mobil were different.

Industry regulator the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) gave an update on divestment activities by the International Oil Companies in a statement issued on Monday, August 26, 2024. Its Head of Public Affairs, Mrs. Olaide Shonola signed the statement. The issues involved in the two upstream deals differed.

While both transactions predate the current administration, Oando/AGIP did not face the legal encumbrances faced by SEPLAT/MOBIL.

On a comparative basis, through a letter dated February 24, 2022, Mobil notified the regulator of its intention to assign 100% of its issued shares to Seplat Offshore Energy Limited. NUPRC did not consent to this assignment because Mobil should have obtained a waiver of pre-emption rights and the consent of NNPC. The matter was held up in court in Suit No: FCT/HC/BW/173/2022 Nigerian National Petroleum Company Limited versus Mobil Producing Nigeria Unlimited, Mobil Development Nigeria Inc., Mobil Exploration Nigeria Inc., and Nigerian Upstream Petroleum Regulatory Commission. The transaction could not have been concluded until the parties resolved the dispute.

According to the statement by NUPRC, NNPC and MPNU resolved their dispute in June 2024, and MPNU, by letter dated 26 June 2024, informed the regulator of the resolution of the dispute. Upon resolution of this dispute, the Commission communicated its no-objection decision to the assignment via a letter dated July 4, 2024, and requested MPNU to provide information and documentation required under the Commission’s due diligence checklist to enable the Commission to conduct its due diligence as required under the PIA. MPNU, by letter dated 18 July 2024, provided the information requested by the Commission.

Accordingly, MPNU’s application to the Commission for consent is undergoing due diligence review under the same divestment framework applied to the NAOC-Oando and Equinor-Chappal divestment. The Commission’s due diligence process is ongoing and within the 120-day timeline required by the PIA.

Unfortunately, Alhaji Atiku ignored the facts above in the transactions to make a mountain out of a molehill as part of his grand design to misinform the public and continue his needless war of attrition against President Tinubu.

The PDP presidential candidate has elected to seek and push darkness. Where Alhaji Atiku and others like him see only despair, President Tinubu will continue to work toward building a virile society and a buoyant economy while holding on to the promise of a greater Nigeria.

-Ajayi is Senior Special Assistant to the President on Media and Publicity

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Why President Tinubu Always Takes The Hard Road

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By Temitope Ajayi

Those who think they are taking a dig at the President have been gloating. Their usual refrain is that the man they said built Lagos should build Nigeria for them to see. As Governor of Lagos, the President reformed governance and set the state on the path of irreversible progress.

President Tinubu has never claimed he did it alone or discounted the contributions of others who led the state before him. Some of the landmark projects he started are still standing, and the plans and vision he articulated are still being implemented till today. We talk about the Dangote Refinery and Petrochemical Complex at the Lekki Free Trade Zone and the transformation that has taken place within the Lagos economy in the last twenty years, and you think about Bola Tinubu, who engineered them.

Leadership is about fixing today’s problems and thinking ahead for years. The good thing is Tinubu did not accomplish all he did in Lagos within a year. The new Lagos metro Red Line being test-run is a product of his visionary leadership, just like the Blue Line, which has carried over two million passengers in the last two years.

No sane person can argue against the considerable progress governance has delivered to Lagos State since 1999. Just last week in China, the state, in collaboration with the Federal Ministry of Finance Incorporated, inked a new deal on the 68-kilometre Lagos Green Line Metro that will move from Ibeju-Lekki to join the Blue Line at Marina. That is another great leap forward: how progressive societies are built from generation to generation.

As Governor of Lagos State, President Tinubu faced numerous challenges. Many wrote him off within his first year in office. However, like a Phoenix, he rose to these challenges as a statesman. This President does not shy away from challenges. He works tirelessly to overcome and prevail. He understands there are no easy choices to make. He has made it clear that he will make the right and intricate decisions for the country, even if those decisions are unpopular. And he has indeed made the right choices that will deliver significant gains for the country and its people.


-Ajayi is Senior Special Assistant to the President on Media & Publicity

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Abisoye Osodi’s Diatribe and Character Assassination: Our Response

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In the last three weeks, an intensely corrupt, irredeemably illiterate, morally crippled political scavenger, who goes by the assumed name Abisoye Osodi, has been launching acerbic attacks on the person, office, image, and personality of the Ogun State Governor, Prince Dapo Abiodun, CON, on social media. Accusing the Governor of every crime under the sun, this character habitually throws up stupendous figures and makes bizarre claims, toying with the emotions of Nigerians and criminalizing the existence of the Ogun State Government with the intent to cause disharmony, create tension, chaos, and derail the climate of peace and tranquility that has pervaded the State since the People’s Governor took over on May 29, 2019.

The contents of his verbal diarrhea have been completely unsubstantiated. They are extremely incongruous and reveal not even the slightest shred of financial literacy, education, or finesse. Osodi, who claims to be an indigene of Lagos State, does not even bother to display a little bit of common sense. Purveying figures in billions and millions of dollars, this agent of destabilization and confusion lies shamelessly and with Luciferic consistency, which calls his sanity into serious question.

Without mincing words, Abisoye Osodi is a ready tool in the hands of desperate politicians, a professional blackmailer looking for patronage and money. National security reasons preclude us from naming the Politically Exposed Persons he has serially blackmailed over the years, and it is a fact that his dossier of crimes has long before now resulted in a manhunt for him by the security agencies. He is a Judas who readily makes allegations against politicians by day, then deviously tries to establish corrupt linkages with them at night. Governor Dapo Abiodun has nothing to hide, and no kobo of Ogun State money is ever going to drop into his accounts, which, by the way, are being closely monitored by the relevant agencies.

Taking advantage of the fact that he is outside the country and knowing that if he ever steps foot on Nigerian soil, he will be called in for questioning, the “Balogun of Lagos” has tried to derail second-term governors since 1999. It can be no wonder that he is desperately trying to pin a tag of corruption on Governor Abiodun. This character habitually brandishes pieces of paper, which could be anything from a collection of poems to sports betting printouts, flaunts them before the camera, and declares that they contain the “documentary evidence” of Governor Abiodun’s corrupt activities! What a senseless clown!

He and his sponsors previously used the state of federal roads in Ogun as illogical antics to blackmail and demonize the Abiodun administration, but realizing that the roads are now receiving attention after the Governor eventually succeeded in getting the Federal Government to grant approval to Ogun State to reconstruct them, they have resurrected the issue of the 2023 polls, which has already been decided by the Supreme Court. Osodi, in his criminal publications, casts aspersions on the integrity of the Supreme Court, suggesting that the court did not properly weigh the evidence before it. He claims to have superior evidence that his sponsors can now approach the Supreme Court with. Clearly, he cannot help giving himself out as the errand boy of certain election losers who, incidentally, are currently being prosecuted for vote buying and criminal conspiracy, among other charges.

Taking off his mask and directly addressing the PDP candidate’s father, Sir Kessington Adebutu, he says he has “enough evidence, both video and audio, that indicates that it was your son who won the last election, and he was robbed.” Mr. Osodi always has “enough evidence,” but he never publishes it. The “evidence” apparently includes his pools and gambling papers. It is evident that the losers of the 2023 polls, who could not prove their endless but baseless allegations from the Election Petitions Tribunal to the Supreme Court, have now suborned this corrupt individual to push their case in the court of public opinion.

We hope that when he appears in court, charged with his monumental crimes, the “Balogun of Lagos” will substantiate his claim that Governor Dapo Abiodun bribed the electoral officer with $1 million and asked the Ogun Resident Electoral Commissioner (REC) “to announce him winner before the counting of votes ended.” In his desperation to malign Governor Abiodun, this character assassin forgot the fact that RECs do not announce election results.

Obviously, this devious character is being used by certain politicians to push their negative agenda. We urge the public to disregard his tantrums. We dare him to publish the pictures of the cars and private jets that he accused Governor Abiodun of “keeping for Amosun.” This charlatan cannot even lie with some common sense! Abisoye Osodi’s plot to dress the Governor in borrowed robes is dead on arrival.

Hon. Kayode Akinmade
Special Adviser on Media and Strategy to the Governor of Ogun State, Prince Dapo Abiodun.

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Pertinent issues on Edo governorship poll

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By Ehi Braimah

On Saturday September 21, Edo State voters will have another opportunity to elect their governor who would be sworn in into office on November 12 for a term of four years in the first instance. The campaign season is on, and the frontline candidates jostling for prominence are Dr. Asue Ighodalo of the People’s Democratic Party (PDP); Senator Monday Okpebholo of the All Progressives Congress (APC), and Olumide Akpata of the Labour party (LP).

The winner of the election will take the leadership baton from the incumbent governor, Godwin Obaseki, who has been in charge for two terms of eight years – first, on the platform of APC for his first term, and PDP for his second term.

As I have argued in the past, every state in Nigeria ought to be an economic powerhouse – just like Lagos State that can survive without the monthly revenue allocation from Abuja – and attract investors, business leaders, entrepreneurs, conference delegates, visitors, tourists, students, and so on.

If all the 36 states and the FCT, Abuja, can transform into centres of commerce, enterprise and innovation, Nigeria could easily become a one trillion dollar economy. What is required of our governors is to provide visionary and exemplary leadership.

This is my major area of focus and interest in the upcoming governorship election. Edo people want a governor who can create wealth and prosperity through innovation and the power of big ideas.

So which of the three candidates has the capacity, competence, wide network, goodwill, global appeal and experience to build a first-world economy for Edo State? Who is the best fit for the job? Who can Edo people – both at home and in the diaspora – trust to lead them for the next four years?

Edo people who have been engaged in nuanced conversations on this matter, are very discerning and enlightened. I am confident they will make the right choice by voting for the candidate who will make their lives better.

Historically, Edo State has been under PDP leadership until Senator Adams Aliyu Oshiomhole became the governor as APC candidate in 2008 after a court process upheld his electoral victory. However, as Edo people cast their votes on September 21, they must look before they leap. They should shine their eyes!

I have monitored public speeches by the key political actors in all the parties. But I am worried about the egregious comments by Senator Adams Oshiomhole who, ordinarily, should be an elder statesman and leader from Edo State.

Maybe he does not know, but Oshiomhole is undermining his own candidate, Senator Monday Okpebholo. Comrade Oshiomhole keeps scoring own goals to the detriment of APC. He announced to the whole world that Dr. Ighodalo, candidate of the PDP, has no home in Ewohimi, his home town. That is a lie from the pit of hell.

He also said that Dr. Ighodalo refused to sleep in Ewohimi after a campaign stop because of “witches and wizards.” Isn’t that an outlandish statement from a political leader? What he tried to do was to de-market Dr. Ighodalo, denigrate Esan people in general and Ewohimi indigenes in particular. He should be told that such comments have political consequences.


In 24 years since 1999, the political leadership in Edo State had been shared between Edo North and Edo South regions. Oshiomhole (from the Edo North region) was governor for eight years while Edo South produced two governors (Lucky Igbinedion and Godwin Obaseki) for 16 years.

In their own wisdom, some of the political leaders believed that political power should shift to the Edo Central region in 2024. But Senator Oshiomhole spearheaded a campaign for Honourable Dennis Idahosa – his favourite from Edo South – to be the candidate of APC, thereby ignoring Esan people. But the plan backfired. Clearly, Oshiomhole did not support the idea initially for the Esan Central region to produce the next governor of Edo State. Esan people have not forgotten that slight.

President Bola Tinubu had to intervene for peace to reign in the party. A second primary, after a stakeholders’ meeting with President Tinubu in Abuja, was conducted in Benin City which produced Senator Monday Okpebholo as the party’s candidate. Hon Idahosa who was initially declared the winner of the primaries before the peace meeting in Abuja, was picked as his running mate. It was a necessary compromise to pacify Idahosa.

Comrade Oshiomhole, a former Chairman of APC and acclaimed leader of the party in Edo State, alongside his backers, tried every trick in his playbook to frustrate Governor Obaseki’s second term bid, but he failed. When Edo people launched “Edo no be Lagos” campaign in 2020, it was a protest response to the well-funded gang-up against Obaseki by the leading political actors in APC.

It was the same tactic Comrade Oshiomhole deployed when he de-marketed Pastor Osagie Ize-Iyamu in 2016 and subsequently presented him as the best man to be governor of Edo State in 2020. What changed after four years? Oshiomhole has still not been able to answer this question.

Pastor Ize-Iyamu, a great political strategist in his own right, lost on both counts. It is fair to concede that Oshiomhole backed Obaseki fully to become governor for his first term in office, but they fell apart and became adversaries. That was also what happened between Obaseki and Philip Shaibu, his erstwhile political ally.


But you never know the ways of politicians; they can be enemies during the daytime and become friends at night. It’s all politics; that is how they roll.

I have provided this backstory to prove that Senator Oshiomhole cannot be trusted: he is neither helping his party nor their candidate with his unguarded public utterances. Should the Senator representing Edo North Senatorial District be the one to tell the whole world that Betsy, the wife of Governor Obaseki, is childless?

That was another own goal by Oshiomhole as he mocked Betsy for being childless and not adopting children with her husband. Can you just imagine how a man who was a leader of the Nigeria Labour Congress (NLC); former governor of Edo State and now serving senator would descend to the level of gutter politics. To prove what point?

Oshiomhole’s reckless and perfidious statement set the social media on fire, and I hope he is able to quench the fire. He actually owes Godwin Obaseki and his wife a public apology.


Betsy did not mention anyone by name when she said Dr. Ighodalo, the PDP candidate, is the only one who has a wife. Betsy made the comment when she introduced Ifeyinwa Ighodalo, the wife of Dr. Ighodalo, during a campaign rally at Ubiaja.

But trust Comrade Oshiomhole who has become the spokesman of Senator Okpebholo to step forward to defend him. Why can’t Okpebholo speak for himself? At this rate, we do not even know who the APC governorship candidate is: Okpebholo or Oshiomhole?

Senator Oshiomhole has been pitching Senator Okpebholo to Edo people as the best man for the job of governor. Is he? I don’t think so. Nonetheless, I respect his rights to vie for any political office. Since Comrade Oshiomhole is more or less the face of his campaign, Senator Okpebholo would really have to work hard with less than three weeks to the election to convince Edo people to vote for him.

I have watched Dr. Asue Ighodalo and Olumide Akpata on television explaining their plans for Edo people, but I have not seen Senator Monday Okpebholo on any TV channel. What could be the problem?

Dr. Reuben Abati, anchor of The Morning Show on Arise News, announced more than once that Senator Okpebholo should appear on the programme for an interview in Pidgin English or Esan language with a translator to boot if speaking in English was the issue. Was that meant to be a joke?

If Senator Okpebholo is not ready to appear on a TV show to explain his manifesto, how is he going to talk to Edo people as governor? How can he be taken seriously? Will Oshiomhole or the other surrogates be the ones speaking for him? Although politics is a game of numbers, optics, perception management, messaging and nuance are also critical factors. I struggle to see Okpebholo speak on the floor of the Senate.

Olumide Akpata (Olu D) of the Labour Party brought a breath of fresh air in his political communication and engagement style, but we cannot run away from the fact that PDP and APC are still the dominant political parties in view of their legacies, spending power, political engineering experience and voting blocs. LP is still new to the game.

The power of incumbency will also be a strong factor in the political and power calculus in the upcoming election and Edo people know where the pendulum will swing to.

A dip-stick survey by an independent group revealed that Edo people are concerned primarily about their well-being which has been seriously affected by the current economic hardship. They cited increasing hunger amid the rising cost of goods and services, insecurity, development of infrastructure, job opportunities, and access to quality healthcare.

Edo people also want a strong leader that they can trust to build a vibrant economy. One way the local economy can grow is through destination marketing. For example, Wimbledon, Berlin Marathon, Rio Carnival, Dubai World Cup, Monaco Grand Prix, Paris-Dakar rally and the Lagos Marathon are globally recognised elements of destination marketing and city branding.

In Edo State, Ogbe Hard Court, the famous international tennis tournament, can be revived. Other initiatives such as the Edo Cycling Tour – similar to the Tour de France in concept and execution – can also be launched. Apart from its rich cultural heritage, Edo State has important sites and landmarks that can boost tourism. For example, the Ososo Carnival in Akoko Edo LGA can be turned into a huge touristic showcase, capable of attracting hordes of visitors.

In a previous article, I explained that revenue can be generated by state governments from the assets that they host (rental income), in addition to significant commercial opportunities in music, film and entertainment, arts and culture, real estate development, hospitality, aviation, ground transportation, clothing and foot wear, furniture, agriculture, and technology by building ICT hubs for our vibrant youth population.

As we count down to September 21, I wish to project from available data that Dr. Asue Ighodalo would be the winner of the governorship poll in a free and fair election because he is the best man for the job based on his excellent track record of performance.

The Independent National Electoral Commission (INEC) has its job well cut out. I expect them to rise up to the occasion. I am also banking on the security agencies to be vigilant and ensure that electoral violence and malpractices such as ballot-box snatching are checkmated.

Braimah is a communications strategist and publisher/editor-in-chief of Naija Times (https://ntm.ng)and Lagos Post (https://lagospost.ng). He can be reached at hello@neomedia.com.ng.

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