NEWS
NNPCL Leads, As FG Ponders Privatising 20 Businesses
The mood on efficiencies in government circles is tilting towards the return of the sale of government enterprises to the public through the capital market.
The signals can be seen in the increased romance between the authorities at the Nigerian Exchange Limited (NGX) and the Ministry of Finance Incorporated (MOFI).
Recall that the top officials of the MOFI were at the NGX in Lagos on Monday, where the closing bell was rang in their honour and the capital market community pledged support for the democratisation of equities in the businesses now domiciled in the care of the MOFI.
The synergy between the public and private sectors, according to what the business leaders bandied after their meeting would centre on “capital market development and listings”.
Biztellers reports that top among the stakeholders, who had pledged loyalty to the FG in this regard include, the NGX, the Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria (ASHON), and the Chartered Institute of Stockbrokers (CIS).
It has filtered out that the FG is pondering divesting from 20 businesses, top of which is the Nigerian National Petroleum Corporation Limited (NNPCL).
Chief Executive Officer, MOFI, Armstrong Takang, is reported to have confided in Bloomberg in this regard.
According to Takang, the strategic sales and initial public offerings, among other options are in focus for execution over an 18-month period.
He noted that some of the entities need the private sector to take controlling shares and the major consideration for the government is to create value rather than retain control.
He said, “It is better for us to own 49 percent of a high-performing entity than 90 percent of an entity that is underperforming.”
It was gathered that the democratisation of equities in these businesses would be part of President Bola Ahmed Tinubu’s economic reforms.
Takang also revealed that the MOFI was in the process of appointing consultants including valuers, financial advisers, lawyers, bankers, and others to handle different aspects of the transactions.
Other assets being considered for privatisation are: the Tafawa Balewa Square (TBS) Lagos, the National Integrated Power Projects in Olorunsogo, Calabar II, Benin (located at Ihorbor), Omotosho II, Geregu II plants, all the hydropower plants across the country, including Oyan, Lower Usuma, Katsina-Ala, and Giri plants.
Informed sources expressed the view that probably more than 25 of such projects would be turned into active assets with a view to boosting income generation for the FG.
NEWS
Gov Sule Orders Arrest Over Missing Mattresses, Fans at Nasarawa Hospital
Nasarawa State Governor, Abdullahi Sule, has ordered the arrest and prosecution of health workers allegedly involved in the sale of hospital equipment donated to a healthcare facility in Umaisha Development Area of the state.
The governor described the alleged sale of the equipment as a serious act of misconduct and corruption, stressing that such actions showed a lack of concern for patients and the healthcare needs of residents.
SEE ALSO: I Shed Tears Watching Almajiris Become Entrepreneurs – Gov Sule
Sule gave the directive on Wednesday during the inauguration of eight commissioners, special advisers, permanent secretaries and board members at the Aliyu Akwe Doma Banquet Hall, Government House, Lafia.
He directed the Commissioner for Health, Dr Gaza Gwamna, to investigate the matter and ensure that anyone found responsible was brought to justice.
The equipment was donated by Ibrahim Abdullahi Sa’ad, member representing Umaisha/Ugya Constituency in the Nasarawa State House of Assembly, who reportedly purchased the items with his personal funds to improve conditions at the primary healthcare facility.
According to Sule, the lawmaker had provided 50 orthopaedic mattresses, more than 50 ceiling fans and about 40 standing fans after becoming concerned about the condition of patients at the facility.
“A very honourable member from Umaisha/Ugya recently bought a lot of mattresses and all kinds of fans, standing fans, ceiling fans and the rest of that because he was concerned about what his local primary healthcare was undergoing,” Sule said.
The governor said Sa’ad later returned to the facility and discovered that the donated items could not be accounted for.
“Few days back, he returned there and discovered that the officials of the hospital had actually sold those items. This is a terrible thing that will happen if you have people who do not mean well for Nasarawa State,” he said.
Sule said he was expecting a report from the Commissioner for Health by the end of the week.
“I am waiting for the honourable commissioner, and I expect that report by the end of this week,” the governor added.
The directive followed a confrontation on Monday between Sa’ad and staff of General Hospital, Umaisha, over the whereabouts of the equipment he said he donated to the facility.
In a video of the confrontation circulated on social media, the visibly angry lawmaker questioned hospital officials over the missing items.
“Doctor, you remember the last time I spoke with you about those orthopaedic mattresses? You remember what you told me? For Allah’s sake, don’t allow me to get upset,” Sa’ad was heard saying.
He also demanded answers over the missing fans.
“Where are the ceiling fans? Where are the ceiling fans? I bought more than 50 ceiling fans. The standing fans, I bought about 40. Where are they?” he asked.
The lawmaker also expressed concern over the condition of patients at the hospital and demanded to see the mattresses following reports that they were being moved between wards.
The state Ministry of Health is expected to investigate the matter, determine what happened to the donated equipment and establish responsibility for any alleged wrongdoing.
NEWS
‘Painful Loss to Nigeria’ — Tinubu Mourns Eagle Online Publisher Dotun Oladipo
President Bola Ahmed Tinubu has mourned the death of journalist and publisher of The Eagle Online, Dotun Oladipo, describing his passing as a painful loss to Nigeria and the country’s media industry.
Oladipo, a former Political Editor of PUNCH Newspapers, died on Tuesday at the age of 56.
Tinubu’s condolence was contained in a statement issued on Wednesday by his Special Adviser on Information and Strategy, Bayo Onanuga.
SEE MORE: ‘Edo People Are Happy With Tinubu’ — Okpebholo
The President commended Oladipo’s contributions to political journalism and digital media, noting his years of reporting and efforts to provide Nigerians with credible information through traditional and online platforms.
According to Tinubu, the late journalist’s career demonstrated the important role of the media in strengthening democracy by keeping citizens informed, holding public officials accountable and creating platforms for public discourse.
“Dotun Oladipo’s death at the age of 56 is a painful loss to the Nigerian media community and to our nation. He was a committed journalist who devoted significant years of his life to informing the public and contributing to the development of our democracy,” Tinubu said.
The President also highlighted Oladipo’s role in the growth of digital journalism through The Eagle Online, which he founded after leaving PUNCH Newspapers.
Tinubu extended his condolences to Oladipo’s family, colleagues and friends, particularly members of the Guild of Corporate Online Publishers, where the deceased served as president from 2017 to 2021.
“His contributions to political journalism and the digital media space will not be forgotten. I extend my heartfelt condolences to his family, colleagues in GOCOP and friends. I pray that Almighty God will grant him eternal rest and give his loved ones the strength to bear this irreparable loss,” the President said.
Oladipo’s death has also drawn tributes from members of Nigeria’s media community, who have continued to remember his contributions to journalism and online publishing.
International News
US Takes Drastic Action Against UK-Based Palestine Action, Declares Group ‘Terrorist’
The United States has taken drastic action against the UK-based Palestine Action group, designating it as a “specially designated global terrorist” organisation and imposing sanctions on the group.
The designation was announced on Wednesday by the US, which accused Palestine Action of supporting “an act of terrorism.”
The US also designated two other organisations — Italy-based Autistici/Inventati, also known as A/I Collective, and the pro-Palestinian group Masar Badil — as terrorist organisations.
US State Department spokesperson Tommy Pigott described the three groups as “violent far-left terrorist groups.”
US Treasury Secretary Scott Bessent said Washington would deploy its financial powers against the organisations.
“Political terrorism has no place in our society, and we will continue to cut the financial lifelines of these groups until they are eliminated,” Bessent said.
Palestine Action was established in 2020 and is currently appealing a ban imposed on it by the British government.
The UK ban has resulted in thousands of arrests, while rights organisations have criticised the move, arguing that it amounts to criminalising dissent.
According to its stated objective, Palestine Action seeks to end what it describes as “global participation in Israel’s genocidal and apartheid regime.”
The group gained increased international attention after Israel launched its military campaign in Gaza following the October 7, 2023 attack by Hamas fighters in southern Israel.
The latest US designation comes as President Donald Trump’s administration continues its efforts to target organisations it considers part of the far-left movement.
ALSO READ: US Hails DPRP as Nigeria’s Petroleum Exports Surge Seven Times
In April, Amnesty International criticised what it described as attempts by the leaders of the United States, Israel and Russia to impose a new “predatory” world order through crackdowns on dissent.






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