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How World Powers Plotted Jonathan’s Defeat

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President Goodluck Jonathan
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President Goodluck Jonathan lost his re-election bid several weeks before the March 28 poll to a web of plots hatched at home and honed abroad, according to the Tribune.

The Tribune said that last-minute contest between forces that wanted him to bow out and those that wanted him to hold out for as long as necessary even when it was evident that the news from the field pointed at a possible defeat.

It was learnt that as of 5.00 p.m. on Tuesday, hawks around the president were still at the Aso Rock Presidential Villa, piling pressure on him not to concede defeat.

Those working on him to concede and bow out, reportedly led by a former Head of State, General Abdulsalami Abubakar, were also said to have stayed put in the same Presidential Villa, persuading him that it was the most honourable way to go since it was clear that figures from the field were not in his favour.

The drama in the Presidential Villa was also said to be closely monitored by combined international forces that had concluded on post-Jonathan presidency, reportedly led by the United States of America and the United Kingdom.

One of those around the president persuading him to stay put was said to be a General in the army from a not-too-core Northern state, reportedly assuring him that the alleged irregularities in the North, underage voters, among other issues, which were beamed live by a national television station and shown on the Cable News Network (CNN) would be enough ground for him to reject the outcome.

The Tribune reported that the president was also allegedly told that he would be making General Muhammadu Buhari and the All Progressives Congress (APC) heroes by conceding to them, because all the good works he had done which were nearing fruition would blossom during their reign and would count as their achievements.

He reportedly told them that no matter how long he stayed in office, he would still leave one day and since crisis was certain to herald his opposition to the outcome, he would be reneging on his promise that no Nigerian blood would be worth his political ambition.

Convinced that it was the way to go, the president reportedly took “his own” by surprise by making the now-famous phone call to Buhari without telling them, although they were present at the president’s abode.

He was also said to have played a fast one on the hawks by making the call before the Independent National Electoral Commission (INEC) announced Buhari as the winner, following his assessment of the figures available to him, while those pressurising him to hang on reportedly thought the concession would be after the announcement by the electoral body as is usually the practice.

The western world, according to available information, keyed into the Buhari presidency project months before the election and the refusal to sell arms to Nigeria to fight the Boko Haram insurgency by Washington was said to be mainly predicated on the likelihood of Jonathan’s administration using same to quell possible civil disobedience if he manipulated the results to remain in power.

With political forces in the nation led by former President Olusegun Obasanjo reportedly concluded on getting him out at all cost, the western world, particularly the United States and the United Kingdom, were said to have been persuaded into the project on two main planks; corruption and insecurity.

Settled that Jonathan’s administration had been underwhelming in performance in those two critical areas and convinced that the incumbent was bent on retaining his job, the international coalition allegedly undermined his administration as much as possible, with allies elsewhere, including Africa, also allegedly brought into the Jonathan-must-go project.

A source pointed at two main happenings in the course of the election to show how deeply the international community was involved, while making the outgoing president to be at ease, despite the rug being pulled off his feet.

The US and the UK had been at the forefront of peace pacts across the nation, starting with Jonathan and Buhari in what came to be known as Abuja Peace Accord, with Jonathan’s government having to react angrily at a point at the perceived temerity with which top diplomats from the western world were handling peace pacts and activities regarding the electoral process.

“They almost became a parallel government in Nigeria. That is what you get when a leader is too pacifist,” a source in the government said.

The unprecedented joint statement by the US Secretary of State, John Kerry and British Foreign Secretary, Philip Hammond, overtly accusing Jonathan’s camp of moves to tamper with the incoming results of the presidential election was seen as the final move by them to show the side they were on in the contest.

The government source noted that APC was always calling on the international community to wade in when accusing Jonathan’s government of plots to manipulate the elections, because an understanding existed between them after Buhari’s appearance at Chatham House and his famous interview with the CNN.

After the field job was done and figures confirmed Jonathan’s loss, those behind the plot to ease him out and save the country from chaos were said to have moved to the last stage in the presidential contest, which was to persuade him to accept defeat, since his refusal of same could ignite the South-South and South-East and possible bloody attacks on Northerners in such states.

A predictable reprisal in the North was projected as possible fulfilment of the feared break-up. The oil interests of those western nations in the Niger-Delta also reportedly necessitated a negotiated peaceful exit for him by persuading him to accept defeat and assurance obtained from Buhari that Jonathan would face no harassment out of office.

Having fulfilled his own part, Buhari had also fulfilled his with public pronouncement that Jonathan had nothing to fear under his administration, while engaging in peace preachment to his supporters.

Apart from obtaining assurance from Buhari, the western world would also lead in global praise of Jonathan, aimed at attenuating the pains of making the wrong history of being the first defeated incumbent, while leading opposition figures were also said to be under firm instruction not to attack him in any ways until he steps down on May 29.

The US and UK were particularly said to have completely bought into the anti-Jonathan project following his decision to turn to Russia for purchase of arms, with a diplomat in foreign service saying that it would have been better for Jonathan to completely move over to Russia’s side instead of playing in the middle.

According to him, “whoever advised him to purchase arms from Russia when a real war was on with the United States misled the president. You don’t even do that during the Cold War, let alone during this “Hot War.” There was no way US intelligence circle would forgive a big nation like Nigeria making such diplomatic faux pas.

“These security experts have serious leverage over American presidents. Regardless of any friendship that could be between (American president, Barack) Obama and Jonathan, when such security goons say it is time for a leader of a nation to go, American presidents hardly say no and, obviously, Jonathan had no serious pact with (Russian president, Vladimir) Putin, beyond buying arms.”

Since the presidential election result was announced, President Obama had issued about three press statements on the outcome, Jonathan’s concession and the need for the two leaders to keep preaching peace to their supporters as well as asking that finest democratic ideals should be upheld in the conduct of the April 11 governorship election.

A government source explained that Obama’s unusual interest in the governorship election was borne out of fears that Jonathan might take his frustration of loss out on the process and tamper with it in a way to give his party, which would be in opposition from May 29, an edge in governorship spread by winning as many states as possible.

In days ahead, it was gathered that beyond the phone calls, Jonathan may be visiting the United States as a special guest of Obama which, an insider said, is aimed at retaining him as the face of peace offering to the Niger-Delta, which is feared could become the breeding ground for fifth columnists that would make the nation’s economy unmanageable for Buhari.

 


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Top Nigerian Startups Secure Funding Boost @ iHatch Demo Day Awards

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Nigeria’s startup ecosystem received a fresh injection of momentum as top emerging ventures secured funding and investor attention at the iHatch National Demo Day, where Interface Africa clinched the highest prize of $15,000.

The 4th cohort of the NITDA–JICA-backed accelerator brought together founders, policymakers, and venture stakeholders in Abuja, showcasing innovations ranging from clean-energy financing and digital food marketplaces to next-gen fintech tools.

The startups went rounds of running through state-level selections and regional competition. iHatch was established in 2021 as a strategic partnership to create an enabling environment for young Nigerians to develop and scale their innovative solutions.

The iHatch National Demo Day (4th Cohort), is an initiative by NITDA and JICA which provides a clear pathway for homegrown talent to contribute significantly to economic diversification and digital transformation.

After rigorous selection processes, the top founders converged to pitch their innovations, recognised the standout performers, which are:

Interface Africa with $15,000, the firm is driving Nigeria’s clean energy transition by enabling structured and affordable solar financing.

Ahioma with $12,000, the firm enhances food accessibility with a digital marketplace connecting consumers directly to trusted vendors.

Linia Finance with $10,000, the firm is helping Nigerians take control of their finances with tools for budgeting, tracking, and smart money planning.

Chapta got a laptop reward. They delivering an offline-capable school application ensuring consistent, accessible learning for students everywhere.

Softdrop also got a laptop reward, they solve logistics challenges through a modern delivery platform designed for speed, convenience, and efficiency.

 


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Fidelity Bank to Host Virtual Masterclass on New Tax Law

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Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation.

Fidelity Bank to Host Virtual Masterclass on New Tax Law

Fidelity Bank

The masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, 12 December 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps to avoid penalties in 2026.

Attendees will also learn strategies to stay ahead in an evolving regulatory environment.

The Nigerian government enacted major tax reforms on 26 June 2025 when President Bola Ahmed Tinubu signed four tax bills into law.

These Acts will take effect on 1 January 2026 and represent a significant overhaul of the country’s tax system.

The reforms aim to modernize and harmonize Nigeria’s tax framework, improve revenue generation, broaden the tax base, and create clearer rules for individuals, businesses, and government agencies.

“Our decision to host this masterclass reflects our commitment to empowering businesses with the right information ahead of the commencement of the new tax regime.

“Information is money and a well-informed business owner is already steps ahead in the race to success.

“This is why we are bringing experts to provide accurate details and demystify the tax act,” said Osita Ede, Divisional Head, Product Development, Fidelity Bank Plc.

Interested participants can register via https://bit.ly/2026TaxLawMasterclass .


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PalmPay MD Seeks Deeper Financial Inclusion @ CeBIH Annual Conference 2025

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L-r: Chika Reginald Nwosu, Managing Director, PalmPay; Tunde Ogundipe, Co-Founder & Chief Executive Officer, E-Doc Online; Emezino Afigbe, Head, Gender Center for Excellence, Enhancing Financial Innovation and Access (EFInA); Ronke Kuye, CeBIH Advisory Council; Dr. Badamasi Lawal, CEO National Social Investment Program; Uche Uzoebo, Chief Executive Officer, Shared Agent Network Expansion Facilities (SANEF); Dominic Wadongo, Chief Risk Officer, SmartCash Payment Service Bank, Nigeria, at the CeBIH Annual Conference recently.
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PalmPay, Nigeria’s leading digital banking platform, has renewed its commitment to deepening financial inclusion across the country. At the CeBIH Annual Conference 2025, themed “Reimagining Financial Inclusion through Cultural Shifts in Consumer Credit,” PalmPay’s Managing Director, Chika Nwosu, urged industry players to deepen financial inclusion by embracing community-aligned solutions and customer-centric innovations that can better serve Nigeria’s underserved and unbanked populations.

Speaking during a panel session titled “Social Inclusion, A Veritable Tool for Financial Inclusion,” Chika Nwosu joined other industry leaders to share insights on strengthening participation among women, rural dwellers, low-income earners, and other financially excluded groups.

Chika Nwosu highlighted PalmPay’s commitment to inclusive finance through its 500,000-strong agent network, which enables seamless cash-in/cash-out services for unbanked users across Nigeria. He also emphasised the importance of PalmPay’s USSD platform, 861#, which allows users with basic phones or limited internet access to perform essential financial transactions.

“Financial inclusion goes beyond access; it must be equitable and tailored to real-life needs,” Chika Nwosu said. He shared how PalmPay leverages behavioural insights to design impactful services, including affordable health insurance, reliable bill payments, merchant solutions, and automated savings features that support financial discipline among users.

The session further examined the role of grassroots agents and community touchpoints in driving last-mile adoption. Chika Nwosu noted that PalmPay’s widespread community presence continues to build trust and encourage excluded populations to embrace digital financial tools.

The session was moderated by Ronke Kuye of the CeBIH Advisory Council and featured representatives from E-Doc Online, SmartCash Payment Service Bank, SANEF, and EFINA.

PalmPay reaffirmed its commitment to driving accessible, secure, and inclusive financial services for all Nigerians. PalmPay is a leading digital banking platform driving financial inclusion and economic empowerment in underserved emerging markets. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay empowers individuals and businesses with tools to manage and grow their money.

PalmPay offers a comprehensive range of products, including mobile payments, savings, and micro-insurance via its app and mobile money agent network.

Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users. PalmPay has operations in Nigeria, Ghana, Tanzania, and Bangladesh.


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