Rountrip

  Just when one thinks that Sahara Reporters is in the process of finding its way to the path of redemption, it comes out to reassert itself as a hate-spewing platform that is committed to reporting Nigeria into destruction by targeting public office holders and attempting to tarnish their image. This is why it is no surprise that Sahara Reporters’ obsession with retired Ambassador Tukur Buratai, Nigeria’s Envoy to the Republic of Benin, is one that defies solutions.  The junk online publication’s latest installment in its bash-Buratai obsession was sensationally captioned “EXCLUSIVE: Anti-graft Agency, ICPC Uncovers Billions In Cash Meant For Arms, Ammunition To Fight Boko Haram In Abuja Home Of Ex-Chief Of Army Staff, Buratai.” Tragically, the piece reads like something mashed together by an amateur fake news purveyor, which means it discredited Sahara Reporters’ credential as Nigeria’s leading platform for sensational fake news by the very fact that the premises on which it...

  The race for the 2023 general elections has taken many twists and turns, especially in the ruling All Progressives Congress (APC), where over 20 aspirants have indicated interest in the presidential primary of the party. However, despite the number of those josling to fly the flag of the APC in 2023, political analysts and pundits are agreed that a former governor of Lagos State and the National Leader of the party, Asiwaju Bola Ahmed Tinubu would defeat others at the primary and win the general election. They traced the whole issue to the roles Tinubu has been playing in the nation's national politics since 2011, when his support for former president Goodluck Jonathan gave him victory at the polls. The same scenario, they said, played out in 2014, when his party, the then Action Congress of Nigeria (ACN) merged with the then Congress for Progressives Change (CPC), the All Nigeria's People's Party (ANPP)and others to form the APC under which President Muhammadu Buhari was...

Fitch, the world’s biggest global rating agency has alleged that Africa’s wealthiest man, Aliko Dangote is broke. It alleged that his company, Dangote Industries has limited financial flexibility with which to complete its refinery. Fitch is basing its allegation on the timely completion or lack thereof of the project, adding that only limited delays or cost overruns may be tolerated in the current rating. Fitch argues that Dangote Industries suffers from weak corporate governance. It says that the existence of a “complex group structure with a large number of related-party transactions” has “a negative effect on operational and financial transparency.” “We also think it’s a risk that Aliko Dangote, as CEO and main shareholder, has a lot of power over operations,” it added. Dangote had promised to commission the $19 billion refinery project before President Muhammadu Buhari’s tenure ends next year. Not only is the Dangote refinery very dear to Buhari’s government, Fitch claims that the...

     BUA Group’s new baby, BUA Foods is truly blazing the trail and the figures are looking up for investors as the company marches on even in first year of being listed.   BUA Foods is Nigeria’s leading food and fast-moving consumer goods (FMCG) business, which processes, manufactures, produces and distributes food materials such as sugar, flour, pasta, rice, and edible oils as well as packaged foods.   The Company’s products currently include fortified and non-fortified sugar, flour for large and small scale use, and pasta. In addition, the Company expects to commence the processing, manufacturing, production and distribution of rice by 2022 and edible oils by 2024.   To confirm its place, BUA Foods Plc has released its statement of profit or loss and other comprehensive income for the three months ended 31st March 2022 with 18.6% rise in group net profit after tax to N22.844 billion from N19.260 billion in Q1 2021.   Group turnover for the quarter r...

For contributions to the growth of the clan, a news correspondent with Al Jazeera English TV, Mr Fidelis Mbah, was among the numerous illustrious sons and daughters of Ohafia Clan who recently received award of honour and Chieftaincy titles. The titles and award of honour were bestowed in recognition of sterling achievements in fields of endeavour like Business, academia, Industry, Entrepreneurship, Agriculture, during the launch of comprehensive map of Ohafia. Reacting to the recognition, Fidelis Mbah who was visibly filled with emotions said: “I feel honoured to be recognized by my people. This is a call to contribute more to the development of Ohafia local government and Abia state. I encourage other young people in Abia state to contribute their quota to the development of their communities.If we all join our hands to support government efforts and live in peace, the state will witness unprecedented development and growth”.

Nigerian Institute of Management (Chartered) visit. Chief Abiodun Odusanwo, Chairman, National Tourism Transportation Summit & Expo Visit The Director General of the Nigerian Tourism Development Corporation (NTDC), Chief Folorunsho Coker recently played host to some stakeholders in the tourism sector on courtesy visits. The stakeholders included officials of the National Toursim Transportation Summit and Expo, National Association of Nigeria Travel Agencies (NANTA) and the Nigerian Institute of Management (Chartered). Chief Abiodun Odusanwo, Chairman, National Tourism Transportation Summit & Expo and his team were warmly received by Folorunsho Coker during a courtesy visit.  During the visit, Odusanwo spoke about the 5th edition of the National Tourism Transportation Summit & Expo coming up on April 25 to 26 2022.  This year's theme is centred on the African Continental Free Trade Area, with a focus on strengthening connectivity effects and partnership.  In hi...

   One wouldn't have bothered his or her head over the fake news which recently hit the social media space about  the the spurious allegation that the Ogun State governor, Prince Dapo, was arrested and jailed under the name of "Shawn Michael Davids" during his stay in Miami, Florida, USA, but a maxim that if a lie is told repeatedly, it may have colouration of truth, necessitated this piece in order to put the record straight. Politics is in the air, fake news makers are at it again! A discerning mind would decode the motives behind such a baseless write up. The sponsors and promoters of the news conjured a story that the performing governor of Ogun State was arrested and sent to jail for forgery, grand theft and credit card fraud. What a lie from the pit of hell! For the records, investigations have been carried out and it was discovered that the story was nothing, but figments of the imagination of those behind the fake news. These are those  who are hell bent on p...