COVER
Where Buhari Failed and Why Tinubu May also Fail

By Sunday Adelaja
I am writing this message as a person who passionately campaigned for President Muhammadu Buhari for the 2015 and 2019 presidential elections. I am still a believer that Buhari was the best choice for Nigeria under the circumstances we found ourselves as a country in 2015.
In this coming presidential election, I’ve also made my convictions known to the world that Bola Ahmed Tinubu is the next president of Nigeria. However, none of the above stated facts stop me from expressing the convictions I’m penning down in this open letter to the incoming president of Nigeria, come 2023.I am moved to write this as an open letter after I had carefully read through the revolutionary action plan manifesto of APC and its presidential flag bearer.
I have already published my admiration for this epic document. Today, however I’m writing on one thing that is missing in the document, which could lead to what I’ll call a monumental failure of Tinubu’s government that I’ll hate to see happen. As much as I’ll be the first to point to the numerous achievements of President Mohammadu Buhari, yet I’ll also confess that in this one thing he has failed.I, like millions of people who supported Buhari to become Nigeria’s president, had hoped we were going to get the 1984 disciplinarian version of Buhari/Idiagbon government. I had thought that Buhari clearly understood that the primary source of Nigeria’s problem is in the lack of values and morals, as he obviously demonstrated in his 1984 government. I’ll say this democratic version of Buhari totally demonstrates that he has completely forgotten what endeared most Nigerians to him. I assume that he has come to believe what most Nigerians hold as a sacred truth – that the major problem of the country is the lack of a good leader. Hence, since Buhari’s supporters and he himself believe that he is a good leader, then the major problem was solved. He was mistaken. This mistake or failure nearly led to the disintegration of the country under his watch, with the onslaught from bandits, and secessionists taking full advantage of his weaknesses.
I too believe that in Buhari we surely have a good, humble and sincere leader. But as I’ve constantly maintained in my books and writings, a good leader isn’t enough to take Nigeria to our promised land. As a matter of fact, I’m convinced that bad leadership or weak heads of state is not the primary problem of Nigeria. On the contrary, Nigeria has been blessed by many good leaders in its history. Leaders like Obafemi Awolowo, Nnamdi Azikiwe, Ahmadu Bello, Tafawa Balewa, Yakubu Gowon, Murtala Mohammed, Shehu Shagari, and Olusegun Obasanjo were great men with great personal virtues and characters. Of course no one is perfect, but if you compare them with other world leaders, you’ll have to rank them very highly.
For some reasons, generations of Nigerian leaders have put their faith more in some supposedly genius economic formulas than in building the core moral character of the people. The fact is that no matter what brilliant economic formulas we come up with, it is ordinary citizens who must live these things out daily in their workplaces and private lives. If the moral fabric of the people is collapsed, as we currently have it in Nigeria, the people will end up sabotaging even the best initiatives.
Nevertheless, none of these men was able to bring our country to the place most Nigerians hope the country should be by now. Yet, some people are still naively thinking that all we need is a good leader to make Nigeria fulfill her potentials. No sir/madam, this won’t happen, a good leader will not bring about the type of country we are all dreaming of. Our over sixty years of history should have thought us this lesson by now.
This brings me to what I believe is the biggest problem of Nigeria – its people, who live without a consciously defined value system. Reading through the Manifesto of APC (the best I’ve seen in modern Nigerian history), I could only see the big faith of Asiwaju in his economic ingenuity to turn things around for good for the country. This will end up doing a similar thing to what the former Finance Minister, Ngozi Okonjo-Iweala used to do by quoting all the right figures of GDP growth, micro- and macro-economics, etc., yet without any major transformation in the country. Unfortunately this is the economic philosophy the Buhari government also adopted.
For some reasons, generations of Nigerian leaders have put their faith more in some supposedly genius economic formulas than in building the core moral character of the people. The fact is that no matter what brilliant economic formulas we come up with, it is ordinary citizens who must live these things out daily in their workplaces and private lives. If the moral fabric of the people is collapsed, as we currently have it in Nigeria, the people will end up sabotaging even the best initiatives. The only government that had relative success in this area to mend was the Buhari/Idiagbon regime, before it was butted out of office.
Without purposefully instilling high level morals and values in the generality of our people, the same people will end up dismantling anything you build, no matter how glorious it is. Just as we see some Nigerians destroying and stealing the rails from the newly constructed railway lanes. Without a coordinated system of values to be systematically imparted to the totality of Nigerians, sabotage, theft and destruction of national assets won’t stop, even if we have the best military and police services in the world.
Reading through the APC Manifesto I noticed that there was not a single policy consideration to reform our moral fabric as a nation. This to me speaks about the fact that this next group of rulers are again missing what is the major problem of our nation, which is our collapsed value system. As a matter of fact I’m not sure it was ever well formulated to the ordinary Nigerian in our history.
A recent discovery of oil bunkering syndicates across the country is another proof that the problem of the country is Nigerians who have no understanding of values and virtues. Someone must cry out loud for all aspiring leaders of Nigeria to hear this principles of life that: The intangible is more important than the tangible. The content of character of our people is far more important than all the natural resources that we so much eulogise endlessly. The internal values of our people are more important than the external prosperity.
We must know that some things are more important than life itself: principles, values, character, standards. It is the people who have these qualities who go ahead to build great nations. When these things are lost, we lose ourselves individually and as a nation. Those who live by values rule the earth, because they have superior inner morals and values.
Reading through the APC Manifesto I noticed that there was not a single policy consideration to reform our moral fabric as a nation. This to me speaks about the fact that this next group of rulers are again missing what is the major problem of our nation, which is our collapsed value system. As a matter of fact I’m not sure it was ever well formulated to the ordinary Nigerian in our history. The government of Shagari actually attempted to draw up a value system for the nation, but it was soon overthrown.
Any government that wants to rescue Nigeria must come up with a whole system of values that will effectively address the moral failure of our society. This is our greatest problem as a country. It is from this that we have had all other national issues, including leadership failure. The point I am trying to pass across is that leadership is not the biggest problem of Nigeria. Our biggest problem is a corrupt value system. In the past few years, I have personally taken it upon myself to develop a set of values for the Nigerian nation. I ended up with 20 of them. We have a National Orientation Agency in Nigeria, we have the National Institute for Policy and Strategic Studies in Nigeria – these national organisations and others must be tasked to come up with a fully developed set of value systems to give the correct orientation to every citizen of Nigeria.
COVER
Heirs Insurance Posts N61bn Gross Written Premium

Heirs Insurance Group has announced its audited financial results for the year ended December 31, 2024, showing strong year-on-year growth across business lines and metrics.The insurance group reported a combined Gross Written Premium of N61bn in 2024 for its life and general insurance companies, indicating a 70 per cent increase from the N35.
8bn recorded in the previous year. Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the pan-African investment company, with investments across 24 countries and four continents. The insurance group also recorded a combined insurance revenue of N31.4bn, which is about 53 per cent higher than N20.5bn in 2023. Profit Before Tax rose from N4.8bn in 2023 to N11.2bn, more than double the previous year’s figure, and representing a 133 per cent year-on-year growth, and the group paid about N10.4bn in claims during the year under review compared to N4.18bn. Its total assets grew by 66 per cent, rising from N55.8bn in 2023 to N92.9bn in 2024.Analysing the financial performance of the entities that make up the group indicated that Heirs Life Assurance reported an 85 percent increase in Gross Written Premium from N23.87bn in 2023 to N44.22bn in 2024. Insurance revenue rose by 109 per cent to N15.1bn from N7.3bn in 2023 as its profit before tax grew to N5.5bn, up from N1.88bn, indicating a 193 per cent increase. Claims paid by Heirs Life also rose to N5.67bn, a 120 percent increase from N2.5bn paid to customers in 2023.Heirs General Insurance also maintained a strong growth trajectory as its Gross Written Premium rose by 42 per cent to N16.9bn from N11.9bn in 2023. Insurance revenue hit N14.3bn, a 19 per cent increase from the N12bn recorded in 2023, and profit before tax grew by 104 per cent, rising from N2.4bn in 2023 to N4.9bn in 2024. HGI also demonstrated strong claims responsiveness, with claims paid amounting to N4.7bn, up 25 per cent from N3.7bn in the previous year.The insurance broking and risk management consulting firm in the group, Heirs Insurance Brokers, posted growth as well. Its revenue grew by 54 per cent from N1.28bn in FY2023 to N1.97bn in 2024, driven by increased client acquisition and retention. Profit Before Tax rose by 53 per cent fromN528.59m in the prior year to N805.91m in 2024, highlighting strong cost discipline and operational efficiency.In a statement accompanying the financial results, the group said it had achieved year-on-year growth due to its strong leadership and corporate governance and a focus on driving digital innovation to make insurance simple and accessible.It added, “Beyond technology, the group drives advocacy across all customer clusters, aligning with its purpose to improve lives and transform Nigeria. Its Essay Championship drives insurance literacy among young students and the school ecosystem, and its travel festival advocates for more inclusive policies to enable cross-border travel, among many other initiatives.”Heirs Insurance Group serves both corporate and individual customers across Nigeria.COVER
Confusion Trails Mohammed Babangida’s BOA Chairmanship Appointment

By Mike Odiakose, Abuja
The Presidency has denied reports claiming that Mohammed Babangida, son of former military president Ibrahim Babangida, turned down his recent appointment as Chairman of the Bank of Agriculture (BOA) by President Bola Tinubu.The clarification came after a letter, purportedly signed by Mohammed Babangida and circulated by Chief Dele Momodu, publisher of Ovation magazine and chieftain of the African Democratic Congress (ADC), suggested that Babangida had declined the offer due to personal and professional reasons.
However, presidential media aide Olusegun Dada swiftly dismissed the claims in a post on X (formerly Twitter), stating that Babangida had not only accepted the appointment but also expressed deep gratitude to President Tinubu for the opportunity.“Muhammed Babangida has officially accepted his appointment as Chairman of the Bank of Agriculture,” Dada wrote. “He thanks President Bola Ahmed Tinubu for the trust reposed in him and categorically denies any report suggesting otherwise.”In a statement attributed to Babangida and shared by Dada, the former military president’s son condemned the letter as false, malicious, and intended to mislead the public and discredit the Tinubu administration.Further debunking the claim, Alhaji Mahmud Abdullahi, a media aide to Babangida, described the circulating letter as “fake” and the handiwork of mischief-makers. He insisted that the document was fabricated, bearing a forged signature and incorrect contact details.“Mohammed Babangida did not reject the appointment. The letter in circulation is fake,” Abdullahi said. “He remains grateful for the honour and is committed to serving the nation in this capacity.”The Presidency emphasized that those responsible for spreading the false information would be investigated and prosecuted, reaffirming its commitment to transparency and national cohesion.Tinubu had recently approved a series of high-profile appointments aimed at strengthening key government institutions, with Mohammed Babangida’s BOA chairmanship among the most notable.COVER
Retired Police Officers Defy Rain, Protest Against Pension Scheme

By David Torough, Abuja
In a powerful show of frustration and resilience, scores of retired police officers braved heavy rain yesterday to protest at the gates of the National Assembly in Abuja. Their demand was clear: an immediate exit from the Contributory Pension Scheme (CPS), which they described as exploitative and dehumanising.
The elderly demonstrators, many in their 60s and 70s, carried placards and sang solidarity songs, accusing the government of neglecting their welfare after decades of service to the nation. Among them was retired Chief Superintendent of Police, Manir Lawal, who said: “We deserve to retire in dignity. This scheme has impoverished us.”Undeterred by the weather, the retirees vowed to remain at the protest site until the leadership of the National Assembly addressed their concerns. Security personnel were on hand to ensure order, but the mood remained calm and determined.Meanwhile, a similar demonstration took place in Ilorin, Kwara and Plateau States, where members of the Association of Retired Police Officers of Nigeria (ARPON) staged a peaceful protest. The group, led by retired CSP Yakubu Jimoh, echoed demands for an exit from the CPS and called for the creation of a dedicated Police Pension Board—similar to pension structures enjoyed by the military and other security agencies.Jimoh cited glaring disparities in pension benefits, stating that while senior police officers such as AIGs and DIGs had successfully exited the scheme, rank-and-file officers were left behind with meagre monthly stipends and inadequate gratuities. “Imagine being paid just N2.4 million after 35 years of service, and receiving N30,000 monthly. It’s insulting,” he said.Legal Adviser of ARPON, retired SP Adekunle Iwalaiye, emphasised that the protest was not about incitement or lawlessness, but a cry for justice. “We are Nigerians too. We have bullet wounds and sacrifices. Our pensions must reflect that.”However, the Nigeria Police Force has warned of attempts by “external elements” to hijack the peaceful movement. According to a statement posted on X, such individuals were allegedly encouraging confrontation and disorder. The police urged retirees to remain calm and assured them of ongoing efforts to resolve their demands.Inspector-General of Police, Kayode Egbetokun, met with the protesters in Abuja and denied allegations that he was opposed to exiting the CPS.He acknowledged the hardship endured by pensioners and confirmed ongoing high-level engagements, including a recent meeting with National Security Adviser Nuhu Ribadu, to improve retirement benefits.“I empathise with you. I am not opposed to leaving the CPS, but it’s beyond the power of any IGP to unilaterally remove the force from the scheme,” he explained. Egbetokun encouraged the retirees to remain hopeful, noting that alternative solutions to enhance the current system were being explored.In a related development, civil servants in Abuja have urged the Federal Government to fulfill its promise to pay four months’ arrears of the N35,000 wage award.Many expressed disappointment over the delay, accusing the government of insincerity and urging it to disburse the payments in full.As protests and demands for improved pensions grow louder across Nigeria, both retired and active personnel are calling on the government to honor its commitments and restore dignity to public service.