NEWS
Group Urges Otu to Sign Cooperation Agreement for Release of $500m Grant
From Ene Asuquo, Calabar
Resident Ambassador of the State of African Diaspora (SOAD) Nigeria, Princess Evelyn Eyo-Honesty, has called on the Cross River State Governor, Bassey Otu to expedite action in signing the cooperation agreement between SOAD and the Otu’s administration as done by his Bayelsa state counterpart a month ago.
The Ambassador gave the charge Monday in Calabar, while giving insight on what the state stands to benefit from the cooperation agreement if finally signed.
She stressed that the agreement would facilitate the release of a $500m grant to support economic development in the state.
According to Princess Eyo, the grant would be released via the Central Bank of Nigeria (CBN) after SOAD Prime Minister, Amb.
Dr. Louis-Georges Tin, formalizes the partnership agreement with the state government.The partnership aims to promote sustainable bilateral relationships and cooperation between Cross River State and SOAD.
Among the projects and infrastructural development that would be tackled by the proposed agreement include, creation of a smart city, solar energy park and industrial park.
Others include establishment of an agribusiness hub and participation in the Pan-african Agribusiness Commodity Exchange (PACE), enlargement of the existing airport and establishment of a Pan-African airline company, to be called Air Bird.
He said that the organization would spread its tentacles in the creation of a medical complex with a hospital, faculty of medicine and pharmaceutical plant.
In the area of Education, the resident ambassador averred that the organization has plans to establish a university with academic relationships with other tertiary institutions operating in the state.
She emphasized that the agreement would be a win-win for both parties, promoting economic development and cooperation.
The resident ambassador who stated that the organization came into being on February 3, 2023, urged the state governor to expedite action on the signing of the agreement to unlock the benefits of the partnership.
“Considering that the African Diaspora is an entity which was recognized by the African Union in Addis Ababa (Ethiopia) by the second ordinary session of the conference of heads of state of the African Union in Maputo (Mozambique in July 11, 2023,” she maintained.
Education
Kaduna council boss pays WAEC fees for 250 indigent students
The Chairman of Jema’a Local Government Area of Kaduna State, Mr Peter Tanko, has paid the 2026 West Africa Examination Council (WAEC) registration fees for 250 indigent students in public Secondary Schools.
Speaking at the inauguration of the WAEC fee payment exercise in Kafanchan, Tanko said that the gesture was borne out of his compassion to support less privileged students.
According to him, no child should be denied the opportunity to access education because of lack of funds.
He reiterated his commitment to initiating policies and programmes that would have direct bearing on the lives of the people.
In his remarks, the Commissioner for Humanitarian Affairs, Mr Yunana Barde, lauded the council chairman for placing premium on educational development of his people.
Barde said that the importance of education to societal development could not be overemphasised.
Also speaking, Audu Dogara, the council’s Education Secretary, described the intervention as an investment in the children and the future of the local government.
He admonished the beneficiaries to see the gesture as an opportunity for them to give their best in the examination.
Mr Emmanuel Utung, Chairman of the WAEC Sponsorship Committee, said that the beneficiaries cut across the 12 wards of the local government.
According to him, the gesture would go a long way in easing the financial burden on the beneficiaries’ parents.
Miss Benedicta Boniface, who spoke on behalf of the beneficiaries, thanked the chairman for his magnanimity and promised that they would not disappoint him.
NEWS
Replacing Shettima will Jeopardize Tinubu’s Reelection – APC Chieftain Warns
A chieftain of the All Progressives Congress, APC, Abayomi Mumuni, has warned against any attempt to replace Vice President Kashim Shettima on religious grounds ahead of the 2027 general elections
Mumuni said this on Wednesday in reaction to the controversies erupting from the omission of Vice President Shettima’s photograph from a banner displayed at the North-East Zonal Public Hearing on the amendment of the APC constitution.
According to him, the North presently lacks a Christian candidate with the political clout and followership needed to deliver substantial electoral support.
He said the idea of dropping Shettima could undermine the APC’s chances of retaining power.
There have been speculations about a possible plan to drop Shettima from the party’s 2027 presidential ticket.
Mumuni further said that discussions about replacing Shettima with a Christian vice-presidential candidate, ostensibly to address concerns about religious inclusivity, are not strategically sound in the current political climate.
According to him, the northern region currently lacks a Christian candidate with sufficient grassroots support and nationwide appeal to complement President Bola Tinubu’s electoral strength.
“Any miscalculation in this regard could jeopardise the winning ticket for the current administration,” he warned.
NEWS
Why We Suspended Investment in Oil Exploration in Senegal – Oranto Petroleum
…Says it Has Committed Over US$45 Million in Expenditures in Senegal
By Mike Odiakose, Abuja
The management of Oranto Petroleum, the firm owned by Nigerian billionaire and philanthropist Prince Arthur Eze, has shed light on why it suspended any further investments in the St Louis & Cayar Licenses in Senegal.
The Senegalese government had in January 2026 officially revoked an offshore oil exploration license held by Atlas Oranto Petroleum.
The Senegalese government alleged that the holder had failed to provide the required bank guarantees and carried out only minimal exploration work since the block was awarded.
Responding to the revocation of the license, the management of Oranto Petroleum declared the government of Senegal insisted on US$ 25 Million Bank Guarantee as against agreed Corporate Guarantee as being provided by other Operators in Senegal.
According to the management, “till date, Oranto Petroleum has committed over US$45 Million in expenditures in Senegal covering activities such as seismic acquisition & interpretation, acreage rental, social projects and training of Senegalese locals as stipulated in the contract.
“Oranto Petroleum remains a foremost player in Hydrocarbon Exploration in Africa having committed over US$500 Million in exploration and development of hydrocarbon in Africa.”
The company expressed reservations on why the Senegalese government will single it out for false narratives which it classified as “unfair, unjustified and targeted.”
Part of the statement read: “Oranto Petroleum would like to use this opportunity to respond to the false narrative currently being perpetuated by the Government of Senegal on the St Louis & Cayar Offshore Licenses previously operated by Oranto Petroleum.
“As a matter of fact, Oranto Petroleum in 2025 decided to suspend any further investments in the St Louis & Cayar Licenses in Senegal after the Government of Senegal insisted on US$ 25 Million Bank Guarantee as against agreed Corporate Guarantee as being provided by other Operators in Senegal.
“For record purposes, till date, Oranto Petroleum has committed over US$45 Million in expenditures in Senegal covering activities such as seismic acquisition & interpretation, acreage rental, social projects and training of Senegalese locals as stipulated in the contract. These records exist and can be fact checked.
“It is worth mentioning that for reasons best known to the Government of Senegal, Oranto Petroleum has been singled out in this false narrative – this we classify as unfair, unjustified and targeted.
“We would like to use this opportunity to state that other foreign entities operating in Senegal are also facing challenges doing business in Senegal and this calls for concern.
Some of those include: Woodside currently in court of Arbitration with Government of Senegal on issues bothering
around back costs for the Sangomar Development –
https://www.africabusinessplus.com/en/829378/woodside-vs-dakar-arbitration-proceedings-can
2. Alleged plans by the Government of Senegal to nationalise Kosmos-run Yakaar-Teranga Gas
Project – https://www.reuters.com/business/energy/senegal-plans-nationalise-kosmos-run
yakaar-teranga-gas-project-2025-12-10/
and 3. British Petroleum’s exit from Senegal over disagreement with Government – https://www.offshore
technology.com/news/bp-exits-senegal-gas-field/
“It is worth noting that Oranto Petroleum remains a foremost player in Hydrocarbon Exploration in Africa having committed over US$500 Million in exploration and development of hydrocarbon in Africa.
“OrantoPetroleum as per business model remains an early explorationist focused on acreage derisking and later stage development in collaboration with third party Operators.
“Oranto Petroleum remains respectful for the rule of law in all jurisdictions where it operates and urges the public to disregard any narratives that continuously focuses on demarketing African investment opportunities geared towards the greater good of Africa and her citizens.

