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Power Tussle: Gun Shots In Aso Rock Villa At Aisha Buhari’s Order

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The power tussle in the Presidential Villa between First Lady Aisha Buhari and Sabiu ‘Tunde’ Yusuf, the President’s influential Personal Assistant and favourite nephew, has taken a dangerous turn that could undermine security at the Presidential Villa, with the President’s top security aides’ loyalty split between the opposing camps.

According to report by TheWill, Nigeria’ seat of power was thrown into confusion, Thursday night, when the First Lady accompanied by her children – Zahra, Halima and Yusuf, – took a team of policemen led by her Aide-De-Camp to forcefully confront Tunde following an earlier heated disagreement over his refusal to self-isolate after his trip to Lagos to see his wife, who had just given birth to a boy.

Sources familiar with the event said on reaching the House 8 Guest Chalet of the President, where Tunde resides with his family, there was an altercation between him and Mrs. Buhari, her children and her security aides that eventually snowballed into a near fatal brawl.

*** Our sources said Tunde, who appeared helpless and clearly outnumbered had to flee on foot.

“This was when Mrs. Buhari’s ADC and four members of her police escort fired some shots into the air as they pursued him. He had been seriously wounded at this time but successfully made it to the residence of Mamman Daura where he would shelter for the night,” a source in the Presidential villa said.

The source said the Inspector-General of Police, Mr. Mohammed Adamu, following a briefing on the horrific incident arrived the Presidential Villa Friday morning and ordered Mrs. Buhari’s ADC and all the police personnel attached her who took part in the altercation and shooting arrested and detained.

Narrating the ugly incident, the source at the Villa, who asked to remain anonymous, said: “Let me explain what is really going on so that your journal and your readers can truly understand what is happening in the Villa now, the dynamics and 2023 presidential politics.

“Since Mallam Abba Kyari died, the First Lady has been trying to kick the President’s Personal Assistant who is also his nephew, Tunde (The president named him Tunde in honour of the late Tunde Idiagbon, his former deputy when he was military head of state) out of the Villa so that she can effectively wield full influence over him (The President).

“She believes Tunde and the President’s other relatives are blocking her from having full control of her husband and power in the Villa. But it is obvious that the President does not want this because he has encouraged Tunde to continue with his job.

“Tunde’s wife just delivered a boy in Lagos. So, he got the President’s approval to fly to Lagos to see her with his two sisters last weekend. He returned to Abuja last Sunday and returned to work on Monday. He was however asked to self-isolate for 14-days because of the coronavirus pandemic by the Chief Personal Security Officer to the President, Abdulkarim Dauda and the President’s Aide-De-Camp, Mohammed Abubakar, but he told them that the President said he shouldn’t.

“On Thursday, when the First Lady heard that he was still coming to work, she asked him to self-isolate but he told her that the President said he didn’t have to. Her insistence led to a heated verbal exchange between them and the President was later informed about this. The President however took sides with Tunde and didn’t see any reason why he should self-isolate at all. He said Zahra and Halima (Buhari’s daughters) left the villa to visit their in-laws when Halima’s husband’s uncle died recently and they didn’t self-isolate on their return. He also pointed to the fact that when his new Chief of Staff, Professor Ibrahim Gambari, went to Lagos too, he didn’t self-isolate on his return, so he didn’t see any reason why Tunde should. So, he overruled her.

“What happened on Thursday night is a big embarrassment. The First Lady and three of her children – Zahra, Halima and Yusuf – took some policemen attached to her, including her ADC to Tunde’s house. They didn’t like the way Tunde spoke to their mother, so they actually went there to fight him. During their confrontation with him, he was overpowered and clearly could not withstand their number, so he ran for his dear life.

“It was as he was running and they were chasing him that they shot a few times into the air. They chased him to the house of his uncle, Mamman Daura. Of course, they couldn’t enter Mamman’s residence to get Tunde but they shouted and made a lot of threats before they eventually left.

“Do you know that Yusuf later went back to Tunde’s house in the wee hours of the morning with a gas tank to burn it down? Thank God Tunde wasn’t home when he got there. That was what saved his life.

“The DSS is responsible for the security at the villa. Gunshots were fired at the villa and the DSS, that is responsible for security, has not detained the shooters? No one has been questioned. This is even a dangerous precedence for visitors to the villa, including Ministers and top government functionaries.

“This would send a wrong and scary signal. You can be shot at or brutally attacked in the Presidential Villa at the First Lady’s orders if you do go against her. This is not how it should be!

“You see, Nasir El-rufai and Lamido Sanusi are the ones using the First Lady to heat up things in the villa since Abba Kyari died because of their interest in the 2023 presidential election. This is what is escalating this whole new fight for full access to the president. She already has the Chief of Staff on her side so she doesn’t want Tunde giving the President contrary views and advise. She wants everyone against her out of the villa but that is not going to happen.”

Aisha Buhari gave a hint of the incident in a series of tweets asking that Police release her security aide and that people no matter how highly placed must made to obey the COVID-19 safety guidelines.
@thewill

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Fidelity Bank Eyes Oversubscription To N127.1 Billion Combined Offers

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Against the background of groundswell of supports and enthusiasm for the bank’s ongoing offers, Fidelity Bank Plc has started preparations to allow the bank absorb oversubscriptions.

With investors rallying behind the bank’s N127.1 billion combined rights and public offer, market pundits had indicated that the bank would raise more than initial size of the combined offer.

Reports have shown high subscription levels for the offers early weeks of the offer period, riding on the back of acceptances by existing shareholders and demand by the general investing public.

Fidelity Bank is offering a rights issue of 3.2 billion ordinary shares of 50 kobo each at N9.25 per share. The bank is also simultaneously offering 10 billion ordinary shares of 50 kobo each to the general investing public at N9.75 per share.

The acceptance and application lists for the rights issue and public offer, which opened on Thursday, June 20, 2024, are scheduled to close on Monday, July 29, 2024. The rights issue has been pre-allotted on the basis of one new ordinary share for every 10 existing ordinary shares held as at the close of business on Friday, January 05, 2024.

With promising feedbacks from receiving agents and as shareholders, investors, experts and other stakeholders continue to rate the combined offers high, the board of Fidelity Bank has called an extraordinary general meeting (EGM) to enable the bank to absorb expected surplus funds.

Shareholders are scheduled to meet later this month to authorise the company “to accept surplus monies arising from potential oversubscription of the combined offer in such proportion as may be determined by the board of directors, subject to the company’s issued share capital and obtaining relevant regulatory approvals”.

Shareholders are also expected to increase the issued share capital of the company from N22.6 billion divided into 45.2 billion ordinary shares of 50 Kobo each to N26.70 billion through the creation of up to 8.2 billion in order to “accommodate potential oversubscription of the combined offer in the proportion of 5.0 billion additional ordinary shares under the public offer and 3.2 billion additional ordinary shares under the rights issue”.

The meeting will also mandate the board to take all necessary actions in line with the absorption of the oversubscription funds.

The board of the bank reiterated its commitment to retain the bank’s international banking license by meeting the new capital requirement within the regulatory timeframe.

According to the board, the resolutions proposed for shareholders’ approval at the upcoming EGM of July 26, 2024, are to enable acceptance of potential oversubscription from the combined offer, subject to relevant regulatory approvals.

The board pointed out that with the resolutions to accept oversubscription, the bank will be in stronger position to take advantage of emerging business opportunities and secure long-term profitability and competitive advantage, while ensuring increased shareholder value.

The net proceeds of the offer would be applied to investments in information technology infrastructure, business and regional expansion, and product distribution channels.

“The company is on a strong growth trajectory and requires additional capital for improved profitability, expansion- domestic and international, and enhancement of its digital capabilities.

“Continuing advances in technology, the rapid evolution of the business of banking, and changes in the operating landscape also make it imperative that the bank remains agile, adaptable and properly positioned to respond appropriately to developments, whilst remaining a competitive and forward-looking institution,” the board stated.

Directors of the bank assured that notwithstanding the continued rapid evolution of the banking industry, Fidelity Bank has been placed on foundation for strong and sustainable growth.

Fidelity Bank Plc’s combined N127.1 billion rights and public offer had struck early success as enthusiastic shareholders mobilise to pick their pre-allotted shares and buy more stakes in Nigeria’s most-widely owned commercial bank.

Shareholders have said they would pick their rights and buy more shares from the public offer in a massive show of support and positioning in the bank. Fidelity Bank had delivered an average annual capital gain of more than 100 per cent over the past five years and ranked among the elite stocks with the highest corporate governance rating at the Nigerian stock market.

In separate interviews, shareholders across Nigeria’s leading shareholders’ associations, said the pricing of the highly discounted rights issue and public offer, the operational growth of the bank over the years, dividend records and capital gains were attractions to buy more stakes in the bank. Fidelity Bank is one of the few companies that pay dividends twice a year at the stock market.

They envisioned that a post-recapitalisation Fidelity Bank would deliver higher returns and continue to be a leading preserver of values for shareholders’ wealth.

The shareholders, who spoke through their leaders, said recapitalisation has offered good opportunity to the investing public to buy into good banking stocks at reduced prices, noting that banks are the most influential stocks at the Nigerian market. Subscribers to primary market issues are exempted from paying transaction costs, unlike direct purchase through the secondary market.

Shareholders, under the auspices of Independent Shareholders Association of Nigeria (ISAN), Ibadan Zone Shareholders Association (IBZA), Association for the Advancement of Rights of Nigerian Shareholders (AARNS), Pragmatic Shareholders Association of Nigeria and Progressive Shareholders Association of Nigeria among others, said they were picking up their rights and mobilising supports for the bank.

The general shareholders’ endorsements represent a major boost for Fidelity Bank, which has the most diversified retail shareholders’ base among Nigerian banks.

With nearly 400,000 shareholders, no single shareholder held up to 5.0 per cent of the issued share capital of the bank. Five per cent and above are considered the material shareholding under extant laws and market regulations.

Rights issue is traditionally pre-allotted on the basis of existing shareholdings and its success, most often, depend largely on the satisfaction and enthusiasm of existing shareholders.

Fidelity Bank appears to be riding high on its highly diversified shareholding base with its popularity showing across all cadres of investors in the market. The shareholders’ comments came on the heels of similar positive comments by investment experts and capital market stakeholders.

The combined rights and public offers had opened to a rousing support from the investing public as key capital market stakeholders recalled the symbolic importance of Fidelity Bank’s impressive growths and investor-friendly disposition over the years.

From the Nigerian Exchange (NGX) to stockbrokers, investors and customers; the N127.1 billion combined rights and public offer received unreserved recommendations, with industry thought leaders citing the performance of Fidelity Bank in its core banking operations and as a quoted company at the stock market.

They said Fidelity Bank’s N127.1 billion combined rights and public offer was the right way for the nation’s banking recapitalisation exercise to start as the bank, which has the highest corporate governance rating and an average annual capital gain of more than 100 per cent at the stock market, has strong appeal to the investing public.

The Doyen of Stockbrokers, the oldest practicing stockbroker, Alhaji Rasheed Yussuff, said Fidelity Bank has good records going for it with its history of impressive growth and profitability and dividend payments.

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NNPCL Explains Reason For Drop In Dangote Refinery’s Stake To 7.2%

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The Nigerian National Petroleum Company Limited has said that it decided not to add to its earlier investment in the 650,000 barrels per day Dangote Refinery.

NNPCL spokesperson, Olufemi Soneye disclosed this in a terse statement in reaction to Dangote Refinery’s announcement that NNPC’s stake is now 7.2 percent contrary to the 20 percent stake.

According to Soneye, NNPCL had several months ago decided to cap its investment at the amount already paid.

Soneye said that the decision not to invest any further in the Dangote refinery did not impact NNPC’s business.

“Several months ago, we made a commercial decision to cap our investment at the amount already paid.

“This decision was taken by NNPC Ltd and has no impact on our business,” he said.

This comes as the Chairman of Dangote Group, Aliko Dangote, revealed that NNPCL’s stake in the Dangote Refinery is now 7.2 percent due to NNPC’s failure to pay the balance of their shares, which was due in June last month.

However, the position is contrary to the widely announced claim by the Group Chief Executive Officer of NNPCL, Mele Kyari, that the company had bought 20 percent in Dangote Refinery.

 

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Dem Staffer Fired After Saying Donald Trump Gunman Should Have Taken ‘Shooting Lessons So You Don’t Miss Next Time’

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Democrats staffer fired after saying Trump gunman should have taken ‘shooting lessons so you don’t miss next time’

A staff member of a Mississippi Democratic congressman has reportedly been fired after saying she wished sho0ter Thomas Crooks had ‘better aim’ to take Donald Trump’s life.

On Saturday evening, July 13, shortly after Thomas Matthew Crooks, 20, attempted to assassinate the former president during a rally in Pennsylvania, Jacqueline Marsaw, the field director for Mississippi Congressman Bennie G. Thompson shared a vile post on Facebook about the attack.

Marsaw, 61, the president and vice president of a local NAACP in Natchez, Mississippi, has since deleted the post and her account, but screenshots have been shared across social media.

She shared: ‘I don’t condone violence but please get some shooting lessons so you don’t miss next time ooops that wasn’t me talking.’

 

Democratic congressman

In a follow-up post, she said: ‘That’s what your hate speech got you!!’

Marsaw has since been fired from her position by Mississippi Congressman Bennie G. Thompson.

‘I was made aware of a post made by a staff member and she is no longer in my employment,’ Thompson said

A member of the crowd was killed in the deadly sho0ting, while two others who were wounded are in a critical condition. All three are males, according to law enforcement officials.

After Trump was sh0t, the Secret Service swarmed around the 45th US President as piercing screams were heard from the MAGA crowd.

He then got to his feet with blood down his cheek and raised his fist in the air while the audience shouted ‘USA’ as he was dragged off stage.

Trump was taken to the hospital for treatment before being later released.

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