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Buhari Will Win Re-Election, Osinbajo Boasts

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Eniola Olayemi

 

Going by the February 7 report of New York-based global research and political risk solutions firm Eurasia Group, President Muhammadu Buhari will win Saturday’s election by 60 per cent.

The group, which undertakes investment partnerships, consultancy and risk advisory responsibilities in about 100 countries, said the odds against Buhari’s main challenger, Atiku Abubakar of the Peoples Democratic Party (PDP), have positioned the incumbent to retain his seat.

It identified the odds as the divided support being enjoyed by the former vice president from key elements in the rival party.

Such elements, according to the Eurasia Group, would rather exert their energies and resources on the battle to retain their seats in their various constituencies.

The group listed such actors as the governors in the PDP-controlled states and the Director-General of the Atiku Presidential Campaign Organisation, Senator Bukola Saraki, who is battling to retain his seat in the upper chamber as the representative of the Kwara Central Senatorial Zone.

The report said: “As we have previously noted, key actors in Atiku’s camp – including his campaign’s Director -General Bukola Saraki, key powerbroker Governor Nyesom Wike of the oil-rich Rivers State, and Southeast governors from his PDP – had been disengaged from his election campaign.

“Wike was annoyed by Atiku’s failure to consult him on key decisions, Saraki remains distracted by a tough Senate reelection battle in Kwara State, and the Southeast governors are hampered by many conflicting motivations, including their own lack of political clout (which makes them reluctant to overtly challenge the federal government) and their wariness of Atiku’s running mate Peter Obi, a former governor of the southeastern Anambra State who they view as a political outsider.

“The lack of enthusiasm on the part of some PDP governors is a problem for Atiku because these officials control significant discretionary funds at the state level (known as “security votes”) that are easier to access without triggering graft concerns.

“They can also leverage strong relationships with security, judicial, and election officers in their respective states. Governors are thus critical to mobilising voter turnout on Election Day.

“With 23 in office compared to the PDP’s 12, the APC already has an edge; unmotivated PDP governors will only reinforce that advantage by making it harder for the opposition to mobilise and sustain voter support on Election Day.”

Two APC governors, Aminu Tambuwal (Sokoto) and Benue State counterpart Samuel Ortom, defected to the PDP last year. But the governors are battling to win their states for their new parties.

On the edge the incumbent has over Atiku, the Eurasia Group said President Buhari’s All Progressives Congress (APC) has a widespread political structure to boost voter mobilisation and solidify Buhari’s advantage.

The group noted that the heightened anxiety triggered by the suspension of Chief Justice of Nigeria (CJN) Justice Walter Onnoghen by President Buhari was not enough to turn the table against the incumbent.

CJN Onnoghen was suspended by the President on January 25 following allegations on false declaration of assets against him by the Code of Conduct Bureau (CCB). The CCB has since charged the CJN before the Code of Conduct Tribunal (CCT).

Justice Onnoghen is expected to submit his response to the charges against him to the National Judicial Council (NJC) today.

The group ruled out the possibility of protests against Buhari’s victory.

It said: “These trends support our view that widespread violence is unlikely following the 16 February vote. We have repeatedly argued that Atiku’s voters do not match Buhari’s in passion and are unlikely to risk their lives on the streets for him.

“Though Buhari’s decision to suspend the Chief Justice triggered widespread criticism and stoked passions (along with fears about a more Buhari second term), many voters blame the judiciary for not moving quickly to force CJN Onnoghen’s resignation after he admitted he had violated rules regarding declaration of assets.

Thus should Atiku lose, as we expect, there will be few motivated stakeholders to encourage or instigate serious violence. Instead, we expect PDP governors to quickly turn their attention to fighting to retain their own jobs in the state elections on March 2.”

 

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).

This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.

Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.

He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.

Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.

He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.

Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:

“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.

We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.

His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.

On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.

The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.

Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.

Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.

According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.

Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.

Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.

She further encouraged them to apply for the loans initiated by the government as done by students in other countries.

The Speaker requested the students to formally send their complaints in written forms to the House for action.

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EFCC Tasks Corps Members on Corruption

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

EFCC Tasks Corps Members on Corruption

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.

He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.

Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”

The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.

Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”

While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”

“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.

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