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AMCON Seizes Oduah’s Assets over N20bn Debt .

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The Asset Management Corporation of Nigeria has taken over Sea Petroleum Oil & Gas Ltd. and other assets belonging to Senator Stella Oduah-Ogiemwonyi over a debt of about N20bn.AMCON said the takeover followed an injunction granted by Justice M.S. Hassan of the Federal High Court, Lagos, against the Sea Petroleum Oil & Gas Ltd.

The corporation, in a statement by its Head, Corporate Communications, Jude Nwauzor, on Friday said that Oduah-Ogiemwonyi had been having a running battle with AMCON over her “inability to settle her huge debt of nearly N20bn.”
The statement said that AMCON purchased the Eligible Bank Assets of Sea Petroleum & Gas from Union Bank Plc sometime in 2012.

It said that in spite of overtures and genuine efforts made by AMCON to reach an amicable settlement, the senator and her co-promoters had been uncooperative.

“Having xhausted all avenues of peaceful resolution of the humongous debt, AMCON had no other choice than to refer the matter to court,” the statement said.

It said that the order also affected the senator’s other business interests, for which AMCON had since appointed Moyosore Jubril Onigbanjo (SAN) as receiver over the assets of Oduah-Ogiemwonyi; Sea Petroleum Oil & Gas; Sea Petroleum and Gas FZE as well as Star Tourism and Hotels Ltd.

The statement said that the court also ordered the freezing of the funds of Sea Petroleum & Gas and its affiliated companies and principal promoters, held anywhere by any entity or persons in Nigeria.It also authorised AMCON and its receiver, Onigbanjo, to take over all assets pledged as collateral for the facility by Sea Petroleum Oil & Gas Ltd.

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Alaafin Should Avoid Confrontation With Oyo Govt — Eselu of Iselu

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The Eselu of Iselu Kingdom, Oba Akintunde Akinyemi, has advised the Alaafin of Oyo, Oba Abimbola Owoade I, to avoid a direct confrontation with the Oyo State Government over the proposed rotational chairmanship of the state’s Council of Obas.
Oba Akinyemi warned that open defiance of the government’s decision could attract serious consequences, noting that state governments possess the constitutional powers to install or depose traditional rulers in cases of insubordination or disobedience.
According to the monarch, the governor’s decision is not unusual, as similar rotational arrangements are practiced in other states across the country. He added that the situation could have been handled differently, stressing that the Alaafin should not have publicly challenged the policy, particularly as he was not consulted before its announcement.
Meanwhile, the Alaafin of Oyo has denied claims that he met with Governor Seyi Makinde or endorsed the rotational chairmanship. He maintained that his opposition to the move had already been formally communicated to the governor through a memo submitted by the Oyo Council of Elders.
The controversy has continued to spark reactions, with groups such as the Oyo Scholars Congress and the Oyo Global Forum throwing their weight behind the Alaafin. The groups argue that the rotational system distorts Yoruba history and undermines the traditional status and authority of the Alaafin of Oyo.

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Bandits, Terrorists Do Not Keep Promises — Defence Minister Warns Against Negotiations

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Nigeria’s Defence Minister, General Christopher Musa (rtd), has strongly cautioned against negotiating with bandits and terrorists, describing such efforts as deceptive and counterproductive.
According to him, criminal groups do not honour agreements and often use negotiations as a tactic to buy time before launching fresh attacks. He cited past incidents, including in Katsina State, as examples where dialogue failed despite repeated warnings.
“These people do not understand negotiation. It is nothing but deception. When they come to negotiate, they are only seeking an advantage, and once it is granted, they turn around and attack again,” he said.
The Defence Minister urged both the public and government authorities to discontinue any form of engagement with bandits and terrorists, insisting that such groups have no regard for truth or accountability.
“They never keep their word. They lie, do not fear God, and will always return after negotiations,” Musa added.

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Anyone Opposing U.S. Strikes Is Nigeria’s Enemy or Profiting From Insecurity — Ex-General Enenche

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A former Nigerian military general, Enenche, has described opposition to United States support and strikes against terrorists as unpatriotic, insisting that such resistance only aids insecurity or serves personal interests.
Reflecting on his experience in active combat zones over two decades ago, Enenche said he witnessed firsthand the human cost of insecurity. According to him, security goes beyond the battlefield, affecting human lives, the economy, and even cyber space.
“As a military man who fought in that area over 20 years ago, I saw with my own eyes the casualties, the rage and the devastation. When you talk about security, you are talking about human security, economic security, cyber security. It affects everyone,” he said.
He welcomed the United States’ decision to support Nigeria, describing it as a positive development for the country. Enenche referenced former U.S. President Donald Trump’s commitment to assist Nigeria, noting that such cooperation signals hope rather than danger.
“America has come out boldly to say, ‘We are going to help you’. President Donald Trump said they will assist Nigeria. For me, this is the beginning of good things to come for this country,” he stated.
The retired general criticized individuals who consistently oppose foreign support, accusing them of spreading fear and pessimism.
“Where some people see negatives, we should see positives. Those who constantly project fear and pessimism, I see them as enemies of this country,” he said.
Drawing comparisons with Nigeria’s past peacekeeping missions, Enenche questioned why similar objections were not raised when Nigerian troops intervened in countries such as Liberia, Sierra Leone, and Congo.
“Anytime Nigerians cooperate and act as a team, we get results,” he added.
He further clarified that while foreign allies may not deploy ground troops, Nigeria must still take responsibility for on-ground operations, with strong backing from state and local governments.
“They may not put boots on the ground, but we must do the foot-on-ground work. We must deploy the necessary resources, and that is where state governments and local governments must support this effort,” he said.
Highlighting the sophistication of recent operations, Enenche emphasized that the strikes were intelligence-driven and precise, targeting terrorist strongholds.
“Look at the capacity, look at the weapons used. Do we have that capability? This was intelligence-driven and precise. These terrorists do not want to be followed to their staging or assembly areas,” he concluded.

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