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XENOPHOBIA: Nigerian lives Are More Important Than Investment — Adams Oshiomhole
Senator representing Edo North, Adams Oshiomhole, on Tuesday defended his call for the nationalisation of MTN and other South African companies operating in Nigeria, insisting that Nigerian lives must take precedence over foreign investment amid renewed xenophobic attacks in South Africa.
Oshiomhole made the remarks on Tuesday during an interview on Arise News, where he argued that Nigeria should take stronger economic action against South African interests in response to repeated attacks on Nigerians abroad.
“I am aware that MTN is quoted, and therefore Nigerian shareholders can hold on, but we take away the South African rights,” he said.
He added that, in his view, Nigeria should consider restructuring ownership of affected firms to ensure local control.
“And because of the issue, I’m not sure of the legal status, that’s why I say you nationalise, and then you reprivatise it so that Nigerians can take it over, and the profit they are taking out of Nigeria will be retained here. There will be no South African share in it.”
The senator also referenced other foreign financial institutions operating in the country, insisting that similar action could apply to them. Oshiomhole linked his position to what he described as persistent attacks on Nigerians in South Africa, arguing that economic pressure was necessary to force accountability.
He also claimed that South African President Cyril Ramaphosa only publicly condemned attacks on foreigners after Nigeria applied diplomatic and economic pressure, though he did not provide evidence for the claim.
During the interview, Oshiomhole defended his position against concerns that such proposals could discourage foreign investment, arguing that the protection of lives should take precedence over economic considerations.
“If anything leads to the death of Nigeria, what is the value of wealth to the dead? We don’t want investors who invest at the expense of human blood. Even in my poverty, I value my life, ” he said.
Pressed on concerns that nationalisation could scare investors, he maintained that the moral question was central.
“Is human economy, weight, or foreign investor, foreign dollar more important than the life of a Nigerian?” he asked.
Oshiomhole said repeated killings of Nigerians in South Africa had gone without accountability.
“When a country, for the first time, kills Nigerians, they got away with it. Second time, they riot, they kill Nigerians, they got away with it. Third time, they kill Nigerians, they got away with it,” he said.
He also referenced past diplomatic engagements, saying commitments had not stopped the attacks.
“Under Buhari, there was an agreement. They broke it. They are killing Nigerians. Nobody is in prison for murder, extrajudicial murder,” he said.
He questioned the prioritisation of foreign investment over human lives.
“If you are a slave of wealth, if you are a slave of a foreign investor, even if that investor is blood-soaked… what is money to the dead?” he asked.
He added that Nigeria should not continue to absorb losses while its citizens remain exposed abroad.
South Africa has in recent weeks witnessed renewed protests and attacks targeting foreign nationals in parts of Durban, Cape Town, East London and KwaZulu-Natal.
President Cyril Ramaphosa has condemned the violence, describing the perpetrators as opportunists exploiting socio-economic grievances.
“These are the acts of opportunists who are exploiting the legitimate grievances, particularly those of the poor, under the false guise of ‘community activism,’” he said.
In Nigeria, the Nigerians in Diaspora Commission (NiDCOM) has urged citizens in South Africa to stay alert and avoid confrontation, while confirming that the Nigerian Consulate in Johannesburg is engaging local authorities to ensure safety.
NiDCOM also said the Minister of State for Foreign Affairs is in talks with her South African counterpart over the situation.
The comments add fresh intensity to an already sensitive diplomatic debate over how Nigeria should respond to repeated attacks on its citizens while balancing foreign investment relations.
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BUNKERING: Troops Uncover Suspected Illegal Refinery In Rivers, Recover Crude Oil Processing Equipment
Troops have uncovered suspected illegal crude oil refining equipment during a patrol operation in the Orashi National Forest, Ahoada West Local Government Area of Rivers State.
The development was disclosed in a report by Zagazola Makama, a counter-insurgency and security expert covering the Lake Chad region.
According to the report, the discovery was made at about 12:00pm on Saturday by troops of the 16 Brigade Garrison at Abissa in collaboration with personnel of the 5 Battalion while carrying out anti-crude oil theft operations.
Makama reported that the troops discovered equipment believed to have been used for suspected illegal crude oil refining activities during the patrol.
Items recovered from the site included one large oven drum, one large coolant, two small oven drums, one small coolant, one long galvanised pipe and two sacks containing crude oil.
Makama said the recovered items were handled in line with the operational procedures guiding the ongoing anti-crude oil theft operations.
“The operation forms part of sustained efforts by security forces to dismantle illegal refining camps, curb crude oil theft and protect critical national assets in the Niger Delta region,” the report stated. …For more, Complete your reading.
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US-Based Nigerian Seek Court To Set Aside Judgment
A Nigerian-American engineer, Anthony Ehiedu Ugbebor, has asked the Court of Appeal to overturn the judgment of the Lagos High Court which declared that his property purchase agreement with a developer, Mr Olukayode Olusanya and Oak Homes Multinational Services Limited had been extinguished by the doctrine of novation.
The Lagos High Court had in the judgment ordered the refund of the N152 million Ugbebor paid for two luxury apartments in Victoria Island, Lagos.
In a Notice of Appeal filed by his counsel, Barrister Nasir Salau of Nasir Salau & Co., challenging the June 15, 2026 judgment delivered by Justice Akingbola George, Ugbebor argued that the trial judge misapplied settled principles of contract law, ignored material evidence, wrongly dismissed his counterclaim, and erroneously refused his claim for specific performance of the property sale agreement.
The appeal arose from Suit No. LD/4471LM/2023, instituted by property developer Olukayode Olusanya and Oak Homes against Ugbebor and the Economic and Financial Crimes Commission, EFCC, over alleged trespass on two second-floor three-bedroom apartments located at 14A Musa Yar’Adua Street, Victoria Island, Lagos.
Although the Lagos High Court dismissed most of the developer’s claims, it held that the parties’ conduct had effectively terminated their original agreement through novation.
The court also ordered Olukayode and Oak Homes to refund the N152 million previously paid by Ugbebor, while dismissing the engineer’s counterclaim seeking completion and delivery of the apartments or, alternatively, damages.
Dissatisfied with those findings, Ugbebor asked the Court of Appeal to overturn the judgment, restore the validity of the original contract and compel Oak Homes to honour its obligations under the agreement
Ugbebor also urged the appellate court to set aside the judgment in its entirety, arguing that the Lagos High Court’s findings were contrary to the evidence and established legal principles governing contracts.
He maintained that the original agreement remained valid and enforceable and asked the Court of Appeal to compel Oak Homes to honour its contractual obligations.
One of his principal complaints is that the trial judge wrongly placed the burden of proving payment on him instead of the claimant.
According to the Notice of Appeal, the judge erred in holding that he failed to make payments within contractual timelines despite evidence that the payment structure under the agreement was tied to construction milestones rather than fixed dates.
The appellant argued that under the payment schedule contained in Exhibit CW1, 35 percent of the purchase price became payable upon completion of the roofing stage, while the final 20 per cent became payable only upon completion of the apartments.
He maintained that the agreement never required payment on fixed calendar dates and that he had already paid about 80 per cent of the agreed purchase price even though the developer allegedly failed to attain the contractual milestones.
According to him, the trial judge misconstrued the payment clauses and ignored the unchallenged testimony of the defence witness that substantial payments had been made despite the developer’s inability to complete the project as agreed.
He further argued that under the Evidence Act, the burden of proving non-payment rested on Oak Homes, which alleged breach of contract, and not on him.
A major plank of the appeal is the trial court’s reliance on the doctrine of novation.
Justice George had held that the conduct of both parties created a new contractual relationship which effectively extinguished the original agreement.
However, Ugbebor argued that the finding was contrary to established principles of Nigerian contract law.
Relying on the Supreme Court’s decision in Heritage Bank Ltd v. Ajugwo, he contended that novation cannot be presumed merely from the conduct of parties.
According to him, for novation to arise there must be a clear agreement by all parties to substitute the original contract with a new one, coupled with an intention to extinguish the previous contractual obligations.
He argued that no witness testified that such a new agreement existed and no documentary evidence established one.
Rather, he maintained that the conduct relied upon by the trial court was consistent only with issues of delayed performance and alleged breach, not the creation of an entirely new contract.
He therefore urged the Court of Appeal to hold that the original agreement remained valid and binding. …For more, Complete your reading.
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