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Update: Gabon Coup Foiled

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Gabon’s envoy to Paris said an attempted coup in Libreville has been foiled, calm restored and four rebel military leaders arrested.

However, one of the rebel leaders escaped.

“The government is in place, the institutions are in place”, a Gabon government spokesman, Guy-Bertrand Mapangou said.

Mapangou also told AFP: “Calm has returned, the situation is under control”.

Soldiers burst into state radio offices at dawn and called on the public to “rise up”, an appeal made as President Ali Bongo remained in Morocco after suffering a stroke last year.

Shots were heard around state broadcasting headquarters in Libreville, capital of the oil-rich West African nation, at about the same time as the message was read at 6:30 am (0530 GMT).

But within a few hours, government spokesman Guy-Bertrand ”

Of the five who entered the radio station, “four have been arrested and one is on the run,” according to Mapangou.

Security forces have been deployed in the capital and will remain there over the coming days in order to maintain order, he said.

The gunfire, he said, was used to control a crowd.

The elite Republican Guard was deployed around the building and armoured vehicles blocked access to the area, an AFP correspondent saw.

In a rundown district nearby, dozens of young people torched a car and set fire to tyres, while the security forces fired teargas to try to disperse them.

The dramatic developments came as Bongo is living at a private residence in the Moroccan capital Rabat after suffering a stroke. He made a televised speech on New Year’s Eve but has not been in the country since October.

A message was read on state radio by a person who identified himself as Lieutenant Ondo Obiang Kelly, the deputy commander of the Republican Guard and head of a previously unknown group, the Patriotic Youth Movement of the Gabonese Defence and Security Forces (MPJFDS).

He announced a “national restoration council” would be formed “to guarantee a democratic transition for the Gabonese people”.

The movement “calls on all young people from forces for the defence and security and Gabonese young people to join us,” the officer said.

Three soldiers wearing the green beret of the Republican Guard, two of them carrying assault rifles, were visible on a video of the speech released on social media.

“We cannot abandon our homeland,” the officer said.

“The eagerly-awaited day has arrived when the army has decided to put itself on the side of the people in order to save Gabon from chaos.

“If you are eating, stop; if you are having a drink, stop; if you are sleeping, wake up. Wake up your neighbours… rise up as one and take control of the street,” he said, calling on the people to seize public buildings and airports.

The 59-year-old Bongo has not been back to Gabon since he fell ill in Saudi Arabia on October 24.

In his absence, the Constitutional Court transferred part of the powers of the president to the prime minister and the vice president.

The statement read out on Monday attacked the arrangement as “illegitimate and illegal.”

On December 31, Bongo addressed the country for the first time since falling ill, saying in a recorded speech from Morocco that he had “been through a difficult period.”

His critics seized on signs of apparent ill-health, pointing to an address that was unusually short, his slurred speech and a right hand that seemed stiff and immobile.

The speech was “shameful,” the officer said in Monday’s address, describing Gabon as “country (which) has lost its dignity.”

The Bongo family has governed the equatorial African nation for five decades.

Bongo took over from his father Omar, who took office in 1967 and gained the reputation of a kleptocrat — one of the wealthiest men in the world, with a fortune derived from Gabon’s oil wealth.

He was also a pillar of “Francafrique” — a now much-contested strategy by which France bound itself to its former African colonies through cronyism, often tainted with corruption and rights abuses.

Ali Bongo was elected head of state after his father’s death in 2009.

He was narrowly re-elected in 2016 following a presidential poll marred by deadly violence and allegations of fraud.

The African Union said it “strongly condemns” the coup attempt and reaffirmed its “total rejection of all unconstitutional change of power”.

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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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