Economy
Shettima Vs. Osinbajo: A Tale Of 2 Vice Presidents Of Nigeria
Shettima Vs. Osinbajo: A Tale Of 2 Vice Presidents Of Nigeria
Shettima Vs. Osinbajo: A tale of 2 Vice Presidents of Nigeria. In many ways the recent resignation of Hakeem Baba Ahmed as Political Adviser to Vice President Kashim Shettima confirms the worst kept political secret in the land: that the gulf existing between President Bola Tinubu and Vice-President Kashim Shettima has widened to the point of no return.
It is no longer a secret that President Tinubu does not trust nor have confidence in his Vice President. Indeed a presidency source told me that things have got so bad that the president never meets Shettima one-on-one. Vice-President Shettima is placed only on a ‘’need to know’’ basis on sensitive polices and even at that not all the details of such policies are disclosed to him.
Memos from the Vice President and those of his staff are subjected to levels of vetting and watered down such that when they eventually land on the president’s desk for his attention, they are devoid of their essence and meaning. All Ministers and appointees of the presidency and the administration are forbidden from giving him detailed briefs on their tasks and for their own good they try to limit their contact and involvement with the VP to a cursory level.
The cold war between President Tinubu and his Vice so far not fully blown, has however prompted comparisons between the experiences of Professor Yemi Osinbajo, Vice President under the immediate past administration of President Muhammadu Buhari and that of Shettima.
In culinary terms the difference in experience under their principals could be likened to the difference between Ikokore, the popular Ijebu delicacy which I am told the former Vice President being an Ijebu man relishes, and Burabisco, the favourite Kanuri dish which Shettima as a dyed-in-wool Kanuri man likes a lot. As the two dishes are made of different ingredients and are enjoyed by in different parts of the country, so also are the experiences of the two VPs under their bosses.
Although the Constitution of the Federal Republic of Nigeria recognises and ipso facto specifies roles for the Vice President in the functioning of the administration, in reality the VP’s relevance can only be subject to the disposition of the president.
For instance, although the constitution provides for the VP to chair the National Economic Council (NEC) made up of state governors, the president can work to make the council irrelevant.
This is what happened when VP Shettima at the head of the NEC led the governors to present their informed views on the Tax Reform bill. We all knew that president Tinubu threw the bill at the VP and the governors’ faces and brusquely told them he preferred his own version of the bill which he was going to send to the National Assembly.
By contrast, Osinbajo as VP was in full charge of the NEC as its Chair and from that vantage point recommended and actively implemented economic and social programmes running to billions of naira.
Apart from not being allowed such powers under Tinubu, since his run-in with the president over the Tax Reform bill, Shettima has literarily had the door shut firmly against his face as far as economic and social matters which the constitution grants him.
Professor Osinbajo was the cerebral intellectual power house of the Buhari administration and his erudition and depth of knowledge provided the government with the much needed air of competence to cover up the lapses of some the officials of the government.
Perhaps fully aware of this, president Buhari gave Osinbajo the full encouragement and thrust to be the face of the administration making speeches and representing him frequently at public and private occasions.
Osinbajo was given the latitude to choose his team which included a Special Adviser on Media and Political Affairs as well as other necessary staff who functioned as independently as possible without interference from the President’s office.
VP Shettima too was allowed his complement of aides. But the point of departure is that whereas VP Osinbajo’s aides Laolu Akande for Media and Babafemi Ojudu on political affairs functioned effectively in their positions, Stanley Nkwocha and Hakeem Baba Ahmed appointed in respective positions under VP Shettima’s office have hadly been heard.
Indeed the resignation of Hakeem Baba Ahmed, former Federal Permanent Secretary and Secretary-General of the Northern Elders Forum (NEF) was connected to the belittling role he had been subjected in the presidency. He was not given any schedule and befitting office.
He also was not allowed unfettered access to the media. He could not engage the media on the VP’s political perspectives; he was virtually a political glorified desk officer in the VP office reduced to drinking tea and ‘’enjoying’’ the central air conditioner there.
For someone who is known to be articulate, erudite and with such a vast and distinguished experience in politics and governance and who enjoys frequent media attention, restricting Hakeem Baba Ahmed’s visibility and interventions as he was in the Tinubu presidency was like taking a fish out of water. There was no way that Hakeem Baba Ahmed would take that sort of treatment lying low.
That VP Osinbajo was accorded his rightful place in the Buhari was due largely to the laissez faire disposition of president Buhari. Buhari was known to allow his appointees the latitude to work without too much interference in order to allow them deliver on the tasks assigned to them.
But president Tinubu is not only known as a micro-manager he also has an unapologetic disposition towards favouring people from his ethnic comfort zone to work with him. From what we have seen of him, president Tinubu clearly does not feel comfortable having people from other ethnic nationalities working too closely with him.
VP Shettima may not have committed any weighty official breaches of official protocol in the presidency, but president Tinubu’s in built paranoia and discomfort in the midst of people he considers as belonging outside of his bloodlines and his political and ethnic comfort zone is largely responsible for the short shrift being given to VP Shettima in the presidency.
Going forward president Tinubu clearly faces a dilemma on what to do with VP Shettima. He is obviously not enamoured of the VP and cannot be persuaded to retain him in the coming months. But the president knows distinctly that dropping the VP off the ticket presents a very delicate and dangerous political manoeuvre. It was with Shettima that he was able to navigate the difficult challenges of the 2023 presidential race and won.
Shettima Vs. Osinbajo
Removing Shettima now would amount to a tactical political miscalculation. Who to replace Shettima with that will give him the political traction with northern voters he desperately needs for re-election in 2027?
If he intends to keep the Muslim-Muslim ticket a host of names have been thrown into the equation; Nuhu Ribadu, Abdullahi Ganduje, Kwankwaso etc.
But anybody he chooses now will be a hard sell to northern voters. The mere fact of replacing Shettima with another figure will reinforce the feeling that Tinubu cannot be trusted to respect political agreements. And this could even rupture the ruling APC.
There are reports too that president Tinubu may change tack and replace Shettima with a northern Christian namely former Speaker Yakubu Dogara, former SGF Boss Mustapha, Senator Simon Lalong etc.
If Tinubu cannot be sure of a huge northern Christian votes tally to tip the scales in his favour this will amount to political suicide to say the least.
As Governor of Lagos state, Tinubu was able to whimsically change three deputies; Kofo Bucknor, Femi Pedro and Adeyemi Ogunleye without fear of political recriminations.
As president he is now faced with three options all of which have potential consequences; he cannot retain Shettima because the gulf between them has become insurmountable; if he drops him and picks another Muslim he risks a rupture in the ruling party and if he decides to go for a northern Christian replacement he will most likely bring the house down.
As he sits presently in limbo under the Tinubu presidency, waiting to see how and where the dice rolls VP Shettima will be hoping for the best under the circumstances.
EFCC Arraigns Former SKye Bank Chairman, Tunde Ayeni For N15.6b Fraud
The Economic and Financial Crimes Commission, EFCC, on Monday, May 4, 2026, arraigned a former Chairman, Board of Directors of the defunct Skye Bank Plc, Tunde Ayeni before Justice Jude Onwuzuruike of the Federal Capital Territory, FCT, High Court, Apo, Abuja.
Ayeni was arraigned on a 17-count charge bordering on criminal breach of trust, misappropriation and conversion of investors’ funds to the tune N15,665,085,429 (Fifteen Billion, Six hundred and Sixty five Million, Eighty five thousand, Four Hundred and Twenty-nine Naira (N15,665,085,429).
Prosecution counsel E.E. Iheanacho, SAN, informed the court that the matter was slated for arraignment and prosecution ready for trial.
“We have before the court 17-count charge dated April 28, 2026, we humbly apply that the charge be read to the defendant”, he said.
Eereporter.com
Count three of the charge reads: “That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc between 21st of October, 2014 and 19th November, 2014 at Abuja within the jurisdiction of this Honourable Court and having dominion over depositors funds domiciled in the defunct Skye bank Plc’s Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the aggregate sum of Three billion, Two hundred and One million, Five Hundred and Thirty Five Thousand, Four Hundred and Twenty Nine Naira, Forty two kobo(N3,201,535,429.42) by transferring same to Misa Limited’s account No: 1011295717 and 1011295718 domiciled with Zenith Bank in Violation of the Prudential Guidelines and other regulations and thereby committed an offence contrary to Section 311 of the Penal Code and punishable under Section 312 of the same Act.
Count five of the charge reads: “That you Tunde Ayeni, whilst being the Chairman, Board of Directors of the Defunct Skye Bank Plc on or about 27th November, 2014, at Abuja within the Jurisdiction of this Honourable Court and having dominion over depositors’ funds domiciled in the defunct Skye bank Plc’s Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the sum of Five Billion, Seventy Eight million, Five hundred and Fifty thousand Naira(N5, 078,550,000) by transferring same to Union Registrar Limited’s Account No: 0003490559 domiciled with Union Bank in violation of the Prudential Guidelines and other Regulations and thereby Committed an offence contrary to Section 311 of the Penal Code and Punishable under Section 312 of same Act.”
Fraud
Ayeni pleaded “not guilty” to the charges when they were read to him.
In view of his “not guilty” plea, Iheanacho prayed the court for a trial date and urged the court to remand the defendant in a Correctional Centre.
Defence counsel, Ahmed Raji Bashir, SAN, informed the court that the charge was given to the defendant on a public holiday adding that he considered it imperative to inform the court. He also prayed the court to release the defendant to him or return him to the custody of the EFCC.
Justice Onwuzuruike adjourned the matter to May 13, 2026, for hearing of the bail application, while the defendant was remanded at the Kuje Correctional Centre pending determination of bail application.
Economy
World Press Freedom Day: FG Calls For Collaboration To Address Disinformation, Misinformation
World Press Freedom Day: FG Calls For Collaboration To Address Disinformation, Misinformation
The Federal Government has called for stronger collaboration among the media, government institutions, and other stakeholders to address the growing threat of disinformation and misinformation, stressing that collective action is essential to protect public trust and national stability. The Honourable Minister of Information and National Orientation, Mohammed Idris, made this known on Monday in Abuja at the 2026 World Press Freedom Day commemoration held at Radio House.
“This administration has prioritised collaboration with media stakeholders and international partners to promote responsible journalism, counter disinformation and misinformation,” said the Minister.
He described press freedom as a fundamental right guaranteed under the Constitution, noting that the Federal Government remains fully committed to its protection. “The Federal Government fully recognises press freedom as a fundamental right and remains committed to fostering an environment where the media can operate freely, safely, and responsibly, in accordance with democratic principles and the rule of law,” he stated.
Idris noted that the Federal Government, under the leadership of President Bola Ahmed Tinubu, has taken deliberate steps to strengthen transparency and access to information through sustained media engagement, implementation of the Freedom of Information Act, and investment in public communication platforms.
Eereporter.com
He further pointed to Nigeria’s partnership with UNESCO in establishing the International Media and Information Literacy Institute (IMILI) in Abuja as a key step towards building a more informed and discerning public. “This pioneering initiative reflects our commitment to strengthening media and information literacy, empowering citizens to engage with information critically, and promoting responsible communication in the digital age.”
The Minister urged journalists to uphold professionalism, fairness, and ethical standards in their work, stressing that press freedom must go hand in hand with responsibility. “The true test of press freedom lies not in our declarations, but in our actions, how safely journalists can do their work, how truthfully information is shared, and how responsibly it is consumed,” he said.
Earlier in her welcome address, the Permanent Secretary of the Federal Ministry of Information and National Orientation, Dr. Binyerem Ukaire, described the event as a critical platform for strengthening collaboration across institutions.
“This gathering reflects our shared commitment to strengthening press freedom and fostering a more informed and inclusive society. It provides an opportunity for constructive engagement on how best to advance a media environment that is both free and responsible,” she said.
World Press Freedom Day
Ukaire emphasised the need for coordinated responses to the challenges posed by the evolving information ecosystem, particularly the spread of misinformation. “The expansion of digital platforms has introduced new complexities that require coordinated institutional responses, especially in addressing misinformation and strengthening public trust,” she noted.
She added that the Ministry remains committed to facilitating dialogue, strengthening partnerships, and promoting professionalism within the media space.
The Federal Government reiterated its commitment to working with the media, civil society, and international partners to build a resilient information system that supports democratic governance, national unity, and sustainable development.
The event was attended by the Inspector General of Police, represented by FPRO, DCP Anthony Okon Placid, mni, mnipr; the Director-General of the Department of State Services, represented by Director of Protocol M. O. Chukwuka, fsi; Executive Secretary, Nigerian Press Council, Dr Dilli Ezughah; Head of UNESCO Abuja Office, represented by the Head of Communication and Information Sector, Ms Yachat Nuhu.
Rabiu Ibrahim
Special Assistant (Media) to the Honourable Minister of Information and National Orientation
Monday, May 4, 2026
NNPC, Chinese Firms Sign MoU Towards Restart, Expansion Of Warri, Port Harcourt Refineries
The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership in support of the completion and operation of the Port Harcourt and Warri Refineries.
The MoU was signed by the Group CEO, NNPC Ltd, Engr. Bashir Bayo Ojulari; Chairman, Sanjiang Chemical Company, Guan Jianzhong and Chairman of Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, Bill Bi, in Jiaxing City, China, on Thursday, April 30, 2026.
Eereporter.com
The potential framework would cover completion of outstanding work at the two refineries, together with operating and maintaining both facilities to achieve best-in-class, sustainable performance. Planned expansion and upgrades would elevate both facilities to cleaner, more profitable product standards.
The potential collaboration also contemplates expanding the refineries’ petrochemical capacities and harnessing gas and downstream opportunities through the development of co-located, gas-based industrial hubs.
Speaking shortly after signing the dotted lines, the GCEO NNPC Ltd, Engr. Bashir Bayo Ojulari, described the MoU execution as a significant milestone, following more than six months of concerted engagement between the technical and management teams of NNPC and the two Chinese partners.
“All parties recognise mutually beneficial opportunities for the development and long-term sustainable profitability of NNPC’s refining assets in Nigeria, and the collective weight required for success,” Ojulari noted.
NNPC
The GCEO further stated that the MoU is a significant step on the journey towards identifying potential technical equity partner(s) to restart and expand NNPC’s refineries, and to explore opportunities in co-located petrochemicals and gas-based industries.
The MoU reflects the parties’ shared intent to progress discussions in good faith, with any definitive arrangements to follow in due course and subject to customary approvals.
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