NEWS
BREAKING: Hundeyin Surrenders To Ribadu
The continual hounding of independent voices by the Nigerian Government has seen investigative journalist, David Hundeyin throw in the towel.
Hundeyin vented his frustration with failure to raise Nigeria’s national consciousness to desired levels, despite dedicating over six years to the project.
He made the disclosure in a statement on his verified handle on micro-blogging site, X, on Monday.
According to him, the Nigerian Government has been busy networking with other nations on his repatriation while Nigerians snore because “my fundamental objective – to help uplift the consciousness of my people – has not had any success. Basically, I have failed. Whatever I’ve been doing is not working.”
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He wrote, “At the end of the day, if people tell themselves a lie long enough that they start to believe it and make real-world decisions based on it, the loser is not me.
“My life is an open book. Literally. A 590-page book you can find on Amazon or Roving Heights. There’s nothing about me, my personal history, or my motivations that is a secret.
“If the urge to believe things about me that came out of someone’s hallucinations outweighs the importance of the value that I create, then I’m clearly not creating enough value for my people, which is fine.
“The thing is that I cannot really do more than I have already done. I’m already at my physical and mental limits. I have gone through things and put myself through experiences that normal people will never witness in 3 lifetimes.
“One thing I have always been very clear about is that my motivations are internal. I have always believed that I have to do what I have to do because it is nobody else’s job to fight for my future and that of my unborn children. I’ve never done any of this for external validation. I live way too much inside my own head for any of that to matter anyway.
“So if the situation now is that the ability of a noisy minority to poison the well of public opinion with some of the most malicious and mean-spirited lies in existence outweighs the urgency of what I try to do in a space where 200 million people are being constantly manipulated and casually exterminated like they’re 200 million ducks or catfish, then I have to acknowledge that I have failed.
“Even right now, Nuhu Ribadu’s NSA Office has been busy speaking to the authorities in Kenya, Ghana and the UK as recently as last week, while they continue to work on their obsession of bringing me to Abuja as a trophy for Emperor Bola Ahmed.
“And yet what is apparently important for public discussion is who I married or who I had sex with, plus some malaria hallucinations from a failed former journalist who never accomplished anything in his career. These are the things my people are discussing. Even at this late hour, we don’t know who our enemies are and who is on our side.
“This can only mean that my fundamental objective – to help uplift the consciousness of my people – has not had any success. Basically, I have failed. Whatever I’ve been doing is not working. I’ve spent nearly 6 years of my life on a project that hasn’t moved public consciousness forward one single inch from where I met it in 2019. I put myself into a lot of trouble along the way, but it didn’t really amount to much.
“So this is a message to @NuhuRibadu. You can leave me alone and stop talking to Ruto and Akufo-Addo about refouling me. I will not disturb you people anymore. I’ll focus on my Pan-African political commentary and news about the Sahel region, but I’m leaving the Nigerian space for you. I clearly overestimated both myself and my people.
“The mistake was mine.”
The much awaited Africa’s largest Initial Public Offering by the Dangote Petroleum Refinery and Petrochemicals (DPRP) has been formally flagged off on the Nigerian Exchange (NGX).
President and Chief Executive Officer, Dangote Industries Limited (DIL), Aliko Dangote, marked the commencement of the offer by ringing the opening bell at the NGX trading floor in Lagos on Monday.
The transaction marks a significant milestone for Nigeria’s capital market, as the DPRP becomes the first refinery in the Nigerian Exchange’s 66-year history to open its shares to public subscription.
READ ALSO: Dangote Refinery Opens Landmark IPO Today
The offer comprises 4.1 billion new ordinary shares priced at N525 per share, allowing investors to acquire an equity stake in Africa’s largest refinery.
Retail and institutional investors, as well as eligible investors across Africa, can participate in the public offer.
Investors can subscribe for a minimum of 10 shares, requiring an investment of N5,250 at the offer price.
The offer opened on Monday, September 14, 2026, and is scheduled to close on October 13, 2026, subject to the terms and conditions contained in the offer prospectus.
At the ceremony, Dangote highlighted that the public offer was part of a broader effort to expand public participation in owning his companies.
“We will lease every company that we operate,” he said.
The launch attracted prominent dignitaries, including Lagos State Governor Babajide Sanwo-Olu, members of the Dangote family and captains of industry.
The Securities and Exchange Commission (SEC) has warned prospective investors against fraudsters, fake platforms and unauthorised individuals seeking to take advantage of the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO).
The Commission issued the warning in a public notice dated Monday, September 14, 2026, following its approval for the IPO by Dangote Petroleum Refinery and Petrochemicals FZE to open to the public.
The SEC urged investors to exercise caution and ensure that all applications and payments relating to the IPO are made only through the officially designated and approved receiving agents, subscription channels and platforms.
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The Commission advised prospective investors to obtain information about the IPO only from the SEC’s official channels, the issuer’s official channels and other official channels established and approved for the offer.
It also urged investors to verify the authenticity of any website, platform or link before providing personal or financial information.
According to the SEC, investors should follow only the officially announced subscription or application process and IPO timetable and should “Avoid transferring funds to any person or entity claiming to receive applications/subscriptions outside the approved channels.”
The Commission further advised investors to verify that their chosen registered Capital Market Operator’s channels or platforms for the offer are duly authorised and approved.
The SEC also warned investors to “Avoid responding to unsolicited calls, WhatsApp messages, social media advertisements, emails or other channels/platforms that offer or guarantee allotments or preferential allocation.”
The regulator urged prospective subscribers to carefully read the approved Prospectus and understand the terms, conditions and risks associated with the investment before making any subscription.
SEC warns against fake IPO agents
The Commission stressed that the existence of an individual, company, digital platform or social media account does not, by itself, constitute approval or authorisation to receive applications or funds from investors in respect of the offer.
The SEC therefore advised prospective investors to contact SEC-registered stockbrokers, banks or registered Investment advisers for guidance before subscribing.
The Commission also urged the public to “VERIFY” the registration status of companies, entities, platforms or individuals offering investment opportunities before entering into any transaction with them.
Investors can verify the registration status of operators through the SEC’s dedicated portal for registered fintech operators or through the Commission’s Capital Market Operators platform.
The warning comes as the Dangote Petroleum Refinery and Petrochemicals IPO officially opens on Monday, September 14, 2026, following the Commission’s approval.
The Commission listed its contact details as +2342094621168-9 and [email protected], while its WhatsApp contact is 0916 772 3240.
The SEC urged investors to remain vigilant and rely only on verified and authorised channels throughout the IPO process.
Investor demand for the Dangote Petroleum Refinery and Petrochemicals initial public offering (IPO) has reached a historic level, with subscription activity surging across digital investment channels.
Data released by the Nigerian Exchange (NGX) on its official X handle on Monday showed that total transaction volume had surpassed 402,634, pushing the total subscription value to ₦1,476,171,994,112, approximately ₦1.476 trillion.
The figures, displayed on the #NGXInvest command centre dashboard, highlight the strong appetite among investors for the landmark offering.
More details shortly.
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