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Without Alams, Oil will not Flow- FG

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The Presidency, desperate, to justify the pardon it granted, Mr. Diepriye Alamieseigha, the convicted former Governor of Bayelsa State, said, yesterday that Alamieseigha is crucial to Nigeria’s economy and credited him for the  increase in the barrels of oil Nigeria now sells on the international market.

Doyin Okupe, senior special assistant to President Goodluck Jonathan on Public Affairs at a press briefing in Abuja praised Alamieseigha whom he described as “repentant”

A visibly angry reporter at the briefing said “I thought he (Okupe) was going to say the man has refunded millions of dollars he stole when he was in office.”

Not deterred, Okupe, said that  “In truth, Alamieseigha since he left prison has been working strenuously and silently to assist the President stabilize the amnesty in the Niger Delta region.

“Alamieseigha is a foremost leader of the Ijaw Nation, and his political and stabilizing influence in that region has impacted positively on the overall economy of the nation, bringing crude oil exports from the abysmally low level of 700,000bpd to over 2.4million bpd.”

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According to him, Alamieseigha, who is still wanted by British authorities, can be credited with ensuring that the blood running through Nigeria’s economic artery is not cut off.

The full text of the briefing read below
TEXT OF A PRESS CONFERENCE ADDRESSED BY THE SENIOR SPECIAL ASSISTANT TO
THE PRESIDENT ON PUBLIC AFFAIRS, DR DOYIN OKUPE ON THURSDAY 14TH MARCH, 2013.
 GRANTING OF STATE PARDON: NEED FOR AN OBJECTIVE, HUMANE CONSIDERATION.
 
Gentlemen of the Press.
 
I have called this Press Conference to shed more light on the Pardon granted to some Nigerians recently by the National Council of State, especially as it concerns the former Governor of Bayelsa State, Chief Diepriye Alamiesegha.
 
I speak to you today, not just as the Senior Special Assistant to the President on Public Affairs, but also as a Patriot, a Statesman and a Stakeholder in the Nigerian Polity.
 
I wish to appeal through this Medium to fellow Nigerians and distinguished members of the Civil Societies for open mindedness on this issue.
 
This is our country and our dearly beloved Nation which we all owe a duty to nurture, protect, preserve and ensure that after a hundred years of its existence, we hand it over to the next generation as one prosperous indivisible entity where justice, equity and peace reign.
 
Many will not question the legality or lawfulness of the pardon granted by the National Council of Sate. Section 175 of the 1999 Constitution clearly  empowers the President in consultation with the Council of State so to do.
 
The major concern of many patriotic and reasonable Nigerians is whether the decision is morally right or if it will not send wrong signals on    Governments anti-corruption crusade.
 
These two considerations are my major objectives in addressing this conference and I once again wish to plead earnestly that our people should hear me out and allow us to reason together.
 
On the issue of morality, I want to state categorically here, that State or Presidential Pardon are not intended for nobility or saints. In general, a state pardon is for those who have committed  crimes and breached the laws of the land and may or may not have been tried or convicted regardless of their social status.
 
A pardon is the forgiveness of a crime and the cancellation of the relevant penalty; it is usually granted by the head of state (such as a monarch or president) or by acts of parliament or a religious authority.
 
Today, pardons are granted in many countries when individuals have demonstrated that they have fulfilled their debt to society, or are otherwise  considered to be deserving.
 
Also, a Prerogative of Mercy by definition is not a justifiable affair. It has to do with discretion and the necessity to redress bitterness and thereby offer healing and forgiveness especially in the presence of evidence of remorse and potential to add value to the country.
 
This is what made President George H.W Bush in 1992 to say “when earlier wars have ended, Presidents have always used their powers to pardon to put bitterness behind us, and look to the future.

This healing tradition reaches at least from President James Madison’s pardon of La Titte’s pirates after the war of 1812, to Andrew Johnson’s pardon of soldiers who fought for the confederacy, to Harry Truman’s and Jimmy Carter’s pardons of those who violated the selective service laws in World War II and Vietnam”.
 
The above tradition must have informed President Bill Clinton when he pardoned Fife Syminghton III, former Republican Governor of Arizona who was convicted of bank fraud.
 
 President Bill Clinton similarly ignited a firestorm of controversy when he pardoned Marc Rich, who was charged, in 1983, with cheating the United States Government of nearly $ 50 Million US Dollars and doing business with Iran during the hostage crisis. Rich was never tried as he fled to Switzerland to avoid prosecution
 
President George H. W. Bush perplexed a majority of American Citizens when he pardoned six people from the administration of his immediate Republican predecessor Ronald Reagan in whose administration he was also the Vice – President.

The six Americans were under investigation for their involvement in the Iran – Contra Affair, which was a National Scandal, involving selling of arms to Iran and using the proceeds to fund Nicaragua counter – revolutionaries.
 
These are the bastions of leadership of the International Community which our enlightened citizenry are always too eager to use as bench-mark of good governance and democratic propriety. In all these, we must always remember that all Nations of the world have their own characteristics and will always do things that are socio-politically expedient at every point in time.
 
American history is replete with similar instances of pardons for reasons that may not appear altogether altruistic but which suited the socio-political  situations of the country.

Bill Clinton issued a total of 456 pardons, of which one was his younger brother serving a one year jail term in connection with possession of cocaine. George Bush Snr,176, Jimmy Carter 566, Lydon Johnson 1,157 and F D Roosevelt 3,687!
 
Gentlemen of the Press will recall that former Governor DSP Alamieyeseigha was removed from office in a manner that was suggested by many as not being entirely above board. Nevertheless, the former Bayelsa Governor whose pardon appears to be drawing all the flaks has been tried, found guilty and adequately punished.

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He lost his position, forfeited the property illegally acquired and has demonstrated enough soberness after he served his sentence.

It is out of place to suggest that the pardon is tantamount to abandoning the fight against corruption in Nigeria.

This is too far from the truth. It was Lord Denning that perhaps put it more succinctly when he said “the purpose of punishment is not to destroy  the offender but rather to reform him  and deter others”. These two features, I must emphasise, have been met in this instance.

People have stated that President Jonathan said publicly that Alamieyeisegha was his political benefactor. This is a display of extreme humility and honesty on the part of Mr. President; in this day that virtually all political benefactors, usually turn into enemy number one and are therefore hounded to the ground by the incumbents.

It was God and Providence that lifted President Jonathan over and above his former political boss. But in truth Alamieyeisegha since he left prison has been working strenuously and silently to assist the President stabilize the amnesty in the Niger Delta Region. Alamieyeiseghais a foremost leader of the Ijaw Nation, and his political and stabilizing influence in that region have impacted positively on the overall economy of the nation, bringing crude oil exports from the abysmally low level of 700,00 bpd, to over 2.4 million bpd!

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Therefore, it is obvious that, Alamieyeisegha has been a major player since his release from prison in ensuring that the blood that runs through the Nigerian economic artery is not cut off.

In Nigerian history, great and eminent men who have been crucified for one crime or the other have been pardoned by past Presidents and such men have lived thereafter to further enhance our political and socio-economic development.

 Amongst those are our respected departed sage, Chief Obafemi  Awolowo and the revered Ikemba Nnewi, Chief Odumegwu Ojukwu who continued after their pardon to contribute immensely to Nigeria’s social, political and economic growth till death.

It has often been said that there is always a season for everything under the sun, a season to punish and a season to forgive. Distinguished gentlemen of the press, fellow Nigerians, this is the season to forgive and to heal. May God forgive us all and bless our country Nigeria.

Before I end this address, let me use this opportunity to announce that in view of the obvious gaps in communication as shown in apparent misunderstanding of issues in the court of public opinion, this department will henceforth hold a bi monthly interactive forum with registered members of the Civil Society Organisations and other critical

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stakeholders in the society.This programme will be coordinated by the Special Asistant to the President on Public Relations ,DrOlusanya Awosan, and  Alhaji Nasir Zaharadeen ,the Special Assistant to the President on Public Affairs who are both professionally and academically sound practitioners with many decades of experience in the Media and Public Relations industry.

It is my pleasure to invite your partnership in the success of this initiative which I am sure will facilitate an efficient two way information traffic between the Public and the Presidency.

I thank you.
 
Dr Doyin Okupe
Senior Special Assistant to the President on Public Affairs

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Africa Prudential Unveils Digital Growth Strategy

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Africa Prudential Plc has reaffirmed its commitment to sustainable growth and digital transformation after posting another strong half-year financial performance, driven by robust growth in its core registrar business, technology-driven solutions and increased activity in Nigeria’s capital market.

Speaking during the company’s H1 2026 Investor Call on Tuesday, the management outlined plans to deepen revenue diversification and accelerate innovation as part of efforts to reduce reliance on interest income and strengthen long-term profitability.

The company reported gross earnings of ₦4.28 billion for the first half of 2026, representing a 27 per cent increase from ₦3.34 billion recorded in the corresponding period of 2025.

Profit before tax rose by 22 per cent to ₦2.41 billion, while profit after tax climbed 18 per cent to ₦1.59 billion.

Net operating income also increased by 27 per cent to ₦4.21 billion, while total assets grew by 13 per cent to ₦46.53 billion. Shareholders’ funds similarly rose by 13 per cent to ₦12.52 billion.

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According to the company, the impressive performance was driven by sustained growth in its registrar business, increased corporate actions across the Nigerian capital market, stronger treasury earnings supported by the prevailing interest rate environment and rising adoption of its technology-enabled products and services.African Mineral Wealth

Managing Director and Chief Executive Officer, Dr. Catherine Nwosu, said Africa Prudential is steadily evolving from a traditional share registrar into a diversified technology and business solutions provider serving the broader capital market ecosystem.

Addressing concerns from investors about the sustainability of earnings if interest rates decline, Nwosu said the company was deliberately expanding its non-interest income sources.

“Interest rates influence our treasury income positively, but that is why we are deliberately diversifying our revenue streams. Our strategy is to grow recurring fee-based business lines such as our digital solutions, Know Your Customer (KYC) services, AGM technology, probate services and the SabiVest mobile app. Over time, this will reduce our reliance on interest income and create a more balanced and resilient earnings mix,” she said.

She noted that increasing activity in the Nigerian capital market presents fresh opportunities for technology-driven solutions.

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“With capital market activity nearly doubling over the past year, demand for seamless digital investor experiences, improved market efficiency and stronger compliance standards continues to grow. We are investing in technology-enabled solutions that position us to capitalise on these opportunities while delivering sustainable value to our shareholders,” she added.

Looking ahead, the company identified five strategic priorities for the second half of 2026, including driving sustainable growth through its core registrar business and new revenue streams, accelerating technology-led product innovation, strengthening brand leadership, investing in talent development and reinforcing corporate governance.

The investor call attracted institutional investors, shareholders, analysts, regulators and other capital market stakeholders, reflecting strong interest in Africa Prudential’s earnings outlook, revenue diversification strategy and long-term growth plans.

 

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IHS Nigeria Donates Business-Support Equipment to Empower People with Disabilities in Abuja Community

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Communications infrastructure company, IHS Nigeria, has donated business support equipment to empower people with disabilities within the Karonmajiji community in the Federal Capital Territory, Abuja. This is part of the company’s commitment to drive inclusive community development and sustainable livelihood support under its Project Empower initiative.

The equipment was distributed to beneficiaries during a ceremony held in the community on Monday, July 27. The initiative was conceived following a community needs assessment and is designed to empower active traders by providing them with business tools rather than cash grants, thereby strengthening their businesses and ensuring long-term economic impact and accountability.

Speaking at the event, Director, Sustainability, IHS Nigeria, Titilope Oguntuga, described the initiative as a reflection of the company’s commitment to advancing inclusive development by equipping persons with disabilities with the tools and opportunities needed to build resilient livelihoods.

She explained that rather than providing short-term financial assistance, IHS Nigeria adopted an asset-based approach by donating 50 pieces of business support equipment, including sewing machines, freezers, generators and hairdressing kits, to the selected beneficiaries.

According to her, the intervention is designed to create lasting value by supporting entrepreneurship, promoting self-reliance and strengthening household incomes, while contributing to the achievement of the United Nations Sustainable Development Goals, particularly SDG 1 (No Poverty), SDG 8 (Decent Work and Economic Growth) and SDG 10 (Reduced Inequalities).

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In his opening remarks, the Chief of the Karonmajiji Disabled Community, Alhaji Sulaiman Muhammed Katsina, represented by the Secretary of the Community, Alhaji Mohammed Dantani commended IHS Nigeria for its commitment to empowering persons with disabilities through practical and sustainable interventions.

He described the initiative as a demonstration of genuine partnership with the community and expressed appreciation for the company’s continued engagement with the Association, noting that the donation of the equipment was a significant investment in improving the livelihoods of persons with disabilities and would create meaningful economic opportunities for the beneficiaries and their families.

The event brought together traditional rulers, government representatives, leaders and members of the Karonmajiji Disabled Community Association, implementing partners, including Field of Skills and Dreams Vocational Technical and Entrepreneurship (FSD VTE) Training Institute and other community stakeholders, reaffirming a shared commitment to promoting inclusion and sustainable community development.

Project Empower reinforces IHS Nigeria’s commitment to advancing sustainable development through strategic partnerships that promote economic inclusion, strengthen community resilience and create opportunities for underserved communities.

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CIBN, ACAMB Push for Financial Inclusion, Women Empowerment

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The Chartered Institute of Bankers (CIBN) and the Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) have enjoined banks to further deepen and prioritize financial inclusion, women’s empowerment and sustained growth through strategic mandates and frameworks, aimed at closing the financial gap and empowering more small, and medium enterprise (MSME) owners.

Both organisations made this call during a courtesy visit to the newly invested 24th President and Chairman of Council of the Chartered Institute of Bankers of Nigeria (CIBN), Dr. Dele Alabi, Ph.D, FCIB, as part of plans to congratulate him on his investiture as well as seek a stronger alliance between both bodies.

The visit followed Alabi’s investiture where he unveiled his “IMPACT” Vision, themed “Consolidating Our Local Impact, Enhancing Our Global Relevance.”

The vision rests on six pillars: Inclusion across geographic, gender, and generational lines; Membership growth and quality; Professionalism and ethics; Accountability; Competencies and skills development; Technology, automation, and innovation. Other areas of shared interest, include women empowerment, financial inclusion and literacy, as well as MSME clinics, all of which are top on his agenda.

Alabi explained that under him, the institute will be prioritising financial inclusion and women empowerment, because of its realisation that women  are often the primary financial managers and caregivers in families. Access to savings, micro-credit, and insurance acts as a safety net during crisis and allows them to significantly improve living conditions.

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He added that CIBN would be happy to drive joint knowledge sharing and exchange sessions with CBN and ACAMB across various platforms. “Educating the public through public awareness programmes, with ACAMB as the rallying point, is central to what we do,” he noted.

ACAMB President, Jide Sipe, who led the delegation, spoke in unison with the CIBN president, as he noted that, closing the inbalances in financial access help economies grow faster, reduces inequality, and encourages greater civic participation by all.

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