During his visit to the White House on Friday, February 28, Ukrainian President Volodymyr Zelensky faced a tough reception from President Donald J. Trump and Vice President J.D. Vance. Their handling of him demonstrated their firm approach to diplomacy, signaling a shift in global power dynamics.

As the saying goes, a beggar has no choice—their hand is always beneath that of the giver, not above it. This principle was clearly reinforced when President Trump made it explicit that Ukraine had little say in negotiations regarding the resolution of the ongoing three-year war with Russia. Initial discussions had already taken place in Saudi Arabia without Ukraine or European nations at the table. Instead, the negotiations involved Saudi Arabia, the U.S., and Russia.

In response, Zelensky expressed his frustration:

 “It feels like the U.S. is now discussing the ultimatum that Putin set at the start of the full-scale war. Once again, decisions about Ukraine are being made without Ukraine. I wonder why they believe Ukraine would accept all these ultimatums now if we refused them at the most difficult moment.”

Similarly, UK Prime Minister Keir Starmer voiced concerns over Trump and Vance’s strategy of excluding Europe from the discussions:

 “Nobody wants the bloodshed to continue, least of all the Ukrainians. But after everything that they have suffered, after everything they have fought for, there can be no discussion about Ukraine without Ukraine, and the people of Ukraine must have a long-term, secure future.”

However, the reality is that Zelensky is in no position to dictate terms. This was emphasized when Vice President Vance rebuked him during the Oval Office meeting:

 “Mr. President, with respect, I think it’s disrespectful for you to come into the Oval Office to try to litigate this in front of the American media.”

Trump had long accused Zelensky of being a shrewd negotiator who, during Biden’s presidency, would visit Washington and leave with massive financial aid. Determined to change this dynamic, Trump made it clear that such a practice would not continue under his administration. Summarizing the meeting, he stated:

 “We had a very meaningful meeting in the White House today. Much was learned that could never be understood without conversation under such fire and pressure. It’s amazing what comes out through emotion, and I have determined that President Zelensky is not ready for peace if America is involved because he feels our involvement gives him a big advantage in negotiations. I don’t want advantage, I want PEACE.”

Trump went further, saying: “He disrespected the United States of America in its cherished Oval Office. He can come back when he is ready for peace.”

By securing a deal that would grant the U.S. control over some of Ukraine’s rare earth resources as repayment for previous military aid, Trump demonstrated his negotiation skills. This approach mirrors historical precedents, such as Kuwait compensating the U.S. with oil after being liberated from Iraq in 1990 and Europe repaying America for the post-World War II Marshall Plan by allowing the formation of NATO under U.S. leadership.

The war itself stems from Ukraine’s desire to join NATO, which Russia perceived as a threat, prompting the invasion. Biden’s administration rallied U.S. allies to support Ukraine, possibly influenced by Biden’s personal connections—especially considering that Zelensky previously shielded Biden’s son, Hunter, from scrutiny over alleged financial misconduct in Ukraine. This decision may have played a role in Biden’s election victory in 2020, sparing him political damage from Trump’s opposition research.

However, Zelensky’s alignment with one side of U.S. politics carried risks. Hunter Biden’s business dealings eventually came under investigation, leading to his conviction, though his father pardoned him before leaving office. Some speculate that Biden’s support for Ukraine was a way of repaying Zelensky, providing him with financial and military backing against Russia.

This led Ukraine into a protracted war, with devastating consequences. Europe, drawn into the conflict through NATO, has suffered economic strain due to sanctions on Russian energy, with Germany experiencing economic downturns and the UK entering a recession. Africa has also been affected, as food shortages have worsened due to disruptions in wheat exports from Ukraine and Russia.

Had former President Barack Obama acted in 2014 when Russia annexed Crimea, this war might have been avoided. However, Obama, who prioritized ending wars rather than starting them, resisted calls for military action, despite pressure from figures like then-Secretary of State Hillary Clinton. Ironically, Biden, who was Obama’s vice president at the time, later led Ukraine into a war that his former boss had deliberately avoided.

With around 400,000 Ukrainians killed or wounded and much of the country’s infrastructure in ruins, the war has proven catastrophic. As Trump attempts to broker peace, it remains uncertain whether Zelensky will adapt to the new realities of U.S. foreign policy. Unlike the previous administration, Trump and Vance do not view Ukraine as a victim but as a country that must make concessions to secure peace.

Trump has already played a key role in de-escalating the Gaza conflict, and a similar approach could be applied to Ukraine. However, for this to happen, Zelensky must recognize that the geopolitical landscape has shifted and that the U.S. will no longer provide unconditional support. If Ukraine truly seeks peace, its leadership must engage with the new administration on its own terms.

The cold reception President Trump gave to Ukrainian President Volodymyr Zelensky was evident when he labeled him a dictator and accused him of starting the war—though he later jokingly retracted the statement, expressing disbelief that he had said it. This exchange took place in response to reporters’ questions on the matter.

Trump’s firm stance signaled a shift from past U.S. support, and Zelensky might have adjusted his approach accordingly, handling the new White House administration with more caution. However, he chose a more assertive approach and was met with strong pushback from Trump and Vice President J.D. Vance. The two leaders discarded diplomatic formalities and sternly reprimanded Zelensky for what they perceived as arrogance regarding global security and an attempt to exploit perceived U.S. vulnerabilities—something they were unwilling to tolerate.

Through their bold policies, which are reshaping international relations, Trump and Vance are clearly dismantling the old world order and crafting a new one. This is evident in Trump’s imposition of steep tariffs on U.S. trading partners, a move that is redefining alliances worldwide. Simultaneously, he is pushing for a swift resolution to conflicts in Gaza and Ukraine—wars he insists would never have started under his leadership. Despite domestic political challenges, Trump has vowed to bring these conflicts to an end.

For the sake of a more comprehensive global peace effort, it would be worthwhile for Trump to extend his focus to ending conflicts in Africa, particularly in the Democratic Republic of Congo and Sudan. These regions hold vast reserves of critical resources—Congo with its cobalt and Sudan with its oil—both vital for sustaining global energy production and technological advancement.

Even before formally taking office, Trump’s aggressive rhetoric influenced global events. His warning that chaos would erupt if Hamas refused to negotiate a ceasefire prompted a temporary truce between Hamas and the Israeli Defense Forces (IDF). A pattern of strategic pressure appears to be emerging. After Trump excluded Europe from negotiations on ending the Russia-Ukraine war, French President Emmanuel Macron, a longtime acquaintance of Trump, was among the first European leaders to visit him in Washington, seeking clarity on France’s position in the shifting geopolitical landscape. German Chancellor Olaf Scholz and British Prime Minister Keir Starmer soon followed, with Zelensky arriving thereafter.

Notably, Scholz maintained Germany’s trademark direct and pragmatic approach during his White House visit. Macron, having built a rapport with Trump during his previous presidency, engaged in lighthearted banter, reflecting the French leader’s personable style. Starmer, adhering to Britain’s tradition of diplomatic finesse, presented Trump with a letter from King Charles III, inviting him for a state visit—an overture that reportedly charmed the U.S. president. This diplomatic strategy was reminiscent of how North Korean leader Kim Jong Un had won Trump over with personal letters, following initial hostilities.

Unlike these European leaders, who carefully navigated discussions with Trump, Zelensky adopted a confrontational tone, attempting to lecture Trump on why defending Ukraine was also in America’s best interest. He argued that, despite the Atlantic Ocean separating the U.S. from Europe, Russia still posed a threat. However, Trump and Vance found this stance presumptuous and swiftly dismissed his arguments, reminding him that he was in no position to dictate U.S. security policy.

Zelensky’s misstep revealed his lack of diplomatic finesse, likely stemming from his inexperience—having transitioned directly from a comedian satirizing politicians to a wartime president. His extensive international support, largely driven by Western sympathy for Ukraine as the underdog in its struggle against Russia, may have inflated his sense of importance, leading him to expect universal backing. But Trump was not swayed by this sentiment.

The flurry of European leaders visiting Washington underscores Trump’s influence as a dominant global figure. While critics often overlook it, Trump’s approach is rooted in pragmatism and his commitment to his “Make America Great Again” (MAGA) agenda. His numerous executive orders are designed to strengthen the U.S. economy and give it an edge over competitors.

A key aspect of Trump’s legacy-building efforts is tackling the U.S. budget deficit, which currently stands at approximately $36 trillion. He is also seeking to reverse trade imbalances with major partners like China, Mexico, and Canada. One of his unconventional strategies to generate revenue is the significant increase in the EB-5 visa investment threshold—from $1 million to $5 million—offering a direct pathway to U.S. residency for high-net-worth individuals willing to invest in the country.

Similarly, his tariff hikes are aimed at shifting trade dynamics in America’s favor. These strategies are already causing ripples globally, sending shockwaves across markets and international relations. While some argue that Trump’s ambitious goal of attracting 10 million investors through the $5 million EB-5 visa is unrealistic—citing the UK’s modest intake of 1,000 applicants for its similar program—others believe the U.S. will draw significant interest, particularly from wealthy individuals in China, Korea, the Middle East, Russia, and even Britain.

For many affluent foreigners, the opportunity to secure U.S. residency through the “Golden Green Card” is worth the steep price tag. With Trump’s administration pursuing aggressive economic and geopolitical strategies, the global landscape is rapidly evolving—whether the world is ready for it or not.

A provision in the U.S. Constitution, which the new administration attempted to nullify through an executive order, was subsequently suspended by a court ruling.

Many may be surprised to learn that people worldwide already pay amounts equivalent to or even exceeding $5 million to participate in the U.S. citizenship-by-investment program. This is similar to how, in Nigeria, bureaucratic hurdles and corruption sometimes force citizens to pay up to four times the official cost to obtain an international passport. Likewise, visa application fees for certain countries are often inflated by syndicates, as seen in recent allegations against South African High Commission officials accused of visa racketeering.

The current $5 million fee is significantly higher than the original cost when the EB-5 visa program was introduced in 1990. To put this into perspective, the U.S. Congress initially established the EB-5 Program to stimulate the economy through job creation and foreign investment. In 1992, lawmakers expanded the initiative by creating the Immigrant Investor Program, or Regional Center Program, allowing investors to fund projects tied to designated regional centers that promote economic growth. While the program initially required a $1 million investment, this amount increased to $1.8 million in 1992 and has now been raised to $5 million under President Trump in 2025.

Critics who accuse Trump of being overly transactional for increasing the cost of the EB-5 visa may be unaware—or deliberately ignoring—the fact that he is not the first president to revise its pricing.

Following his tense meeting at the White House, Zelensky has shifted his tone, seemingly acknowledging the need for a more conciliatory approach. On Saturday, he issued a statement of appreciation, saying, “America’s help has been vital in helping us survive, and I want to acknowledge that.” He also emphasized the need for open dialogue, stating, “Despite the tough discussions, we remain strategic partners. But we need to be honest and direct with each other to truly understand our shared goals.”

At its core, Zelensky’s visit aimed to secure U.S. security guarantees against future Russian aggression. His skepticism toward any agreement with Moscow is understandable, given that Russia previously invaded Ukraine in 2014, annexing Crimea during President Obama’s tenure. Zelensky does not trust Putin, especially since Russia violated the 2015 peace agreement with Ukraine.

However, his confrontational approach—marked by emotional appeals rather than pragmatic diplomacy—worked against him. As a result, he left the White House empty-handed, failing to secure his key objectives, including a potential deal to trade rare earth minerals in exchange for U.S. military protection.

Zelensky has since sought solace among European leaders, but this offers little real security. Even those comforting him recognize their own vulnerabilities, as they, too, rely on U.S. military support. Despite Europe’s show of solidarity with Ukraine during a recent meeting in London on March 2—where they agreed to form a coalition—it remains clear that Europe cannot effectively defend itself without the United States. This reality, which became evident after World War II and led to NATO’s formation under U.S. leadership, remains unchanged.

Recognizing this, European leaders—including those from France, the UK, Germany, and Italy—have prioritized maintaining strong ties with the U.S., frequently traveling across the Atlantic to engage with President Trump, despite the turbulent state of their current relationship.

Trump has made it clear that he intends to end both the Israel-Hamas and Russia-Ukraine wars, possibly through unconventional means. In a phone conversation with Putin, he reportedly expressed no opposition to Europe deploying a peacekeeping force in Ukraine—a concept that closely resembles Ukraine’s original desire to join NATO, which sparked Russia’s invasion in the first place.

Strangely, this significant development has received little attention, with European leaders instead opting to continue funding Ukraine’s war efforts. The UK, for instance, approved a $2.8 billion loan to Ukraine just last Sunday, despite the reality that Ukraine is unlikely to achieve a decisive military victory, no matter how determined it remains.

Ultimately, the U.S. remains central to resolving these major conflicts in Europe, the Middle East, and Africa. This reality must be acknowledged in any serious discussion about achieving lasting peace in regions where wars have left millions dead or struggling with extreme hunger.

Magnus Onyibe, an entrepreneur, public policy analyst, author, democracy advocate, development strategist, alumnus of the Fletcher School of Law and Diplomacy, Tufts University, Massachusetts, USA, and a former commissioner in the Delta State government, sent this piece from Lagos, Nigeria.

As the cryptocurrency market fell to its lowest level since the days after his father’s November election victory, Eric Trump urged investors not to lose faith. “Buy the dips!!!” he tweeted last week.

The phrase is a common one in the volatile world of cryptocurrency, where shared momentum and optimism drive the markets. But a few days later, observers might wonder whether there was more behind the message.

On Sunday, Donald Trump announced that his administration was pressing ahead with plans to set up a US crypto reserve, identifying three digital coins – XRP, Solana and Cardano – that would be included in the fund.

The values of the three lesser-known tokens, popular in crypto circles but obscure to much of the general public, instantly surged by up to 20pc.

Trump later added that Bitcoin and Ethereum, the two biggest cryptocurrencies would “obviously” be included, adding: “I also love Bitcoin and Ethereum!” The two digital coins subsequently enjoyed their own price spike.

In the space of an hour, roughly $250bn (£196.7bn) was added to the value of the cryptocurrency market. There is no evidence that Eric Trump’s advice was informed, but it was certainly profitable.

In Trump’s first term, he saw the stock market as a proxy approval rating. In his second, he may prefer the price of Bitcoin.

While Wall Street has been relatively languid since his second election win, cryptocurrencies have traded at all-time highs.

Trump cheered as Bitcoin hit $100,000 for the first time in December, posting on Truth Social: “Congratulations Bitcoiners … You’re welcome!!!”

The Bitcoin price – a single, simple metric – may also appeal to the president as the wider US economy appears to struggle. On Friday, an economic tracker from the Federal Reserve Bank of Atlanta suggested that the economy could shrink at an annualised rate of 1.5pc in the first quarter of the year. Inflation fears have also returned, in part owing to Trump’s tariffs.

The momentum-fuelled crypto market has proven an easier beast to tame.

After a crackdown by the Biden administration, which fretted about the lack of protections around digital assets, Trump has been able to boost prices with a series of crypto-friendly appointments at key government agencies and promises to make America the world’s “crypto capital”.

Once a sceptic who criticised cryptocurrency as a scam, Trump himself has demonstrated little personal passion for the industry. Policies such as freeing Ross Ulbricht, the founder of online drug market The Silk Road, have appeared designed to win the community’s support rather than demonstrate a coherent vision of what cryptocurrency means in Trump’s America.

Just three days ago, Bitcoin was in a sharp decline, falling below $80,000. However, in a dramatic reversal, the leading cryptocurrency has surged by over $14,000, or 20%, fueled by Donald Trump. Over the weekend, the president revealed plans to establish a crypto reserve — to include Bitcoin, Ether, Solana, XRP, and Cardano — injecting new momentum into the sluggish market.

Here’s a look at what the week holds for these cryptocurrencies:

Bitcoin

Bitcoin exchange-traded funds (ETFs) experienced significant outflows in February, indicating a shift in investor sentiment. Trump’s announcement has sparked mixed reactions from experts, with its potential impact remaining uncertain.

Currently, Bitcoin is trading at $92,000, a 5% daily gain but a 4% dip over the past seven days.

Ether

Ether, the second-largest cryptocurrency by market value, is following Bitcoin’s trend, including a lack of significant growth in recent months. Despite hosting hundreds of decentralized applications (dApps), the Ethereum blockchain still struggles with high fees and slow transaction speeds.

Additionally, Ether ETFs have also seen substantial outflows due to weak demand.

Currently, Ether is trading at $2,297, a 14% slide in the past seven days.

Solana

Solana is one of the fastest-growing major cryptocurrencies. It competes with Ethereum in terms of speed and has emerged as a strong platform for hosting hundreds of decentralized applications (dApps). Several popular memecoins were developed on the Solana blockchain.

Following the successful launch of Bitcoin and Ether ETFs, there are strong indications that Solana ETFs may be launched soon. Several asset management companies have already submitted applications.

Currently, Solana is trading at $158, representing a fall of 5% over a week.

XRP

XRP continues to be worth watching as the Securities and Exchange Commission has officially begun reviewing the proposed XRP exchange-traded fund (ETF).

XRP is the native token of the XRP Ledger, an open-source blockchain. It is used by the Ripple payment network to facilitate cross-border transactions and is designed to act as a bridge currency.

Currently, XRP is trading at about $2.60, representing a gain of 8% in a week.

Cardano

Cardano has been rising since Trump’s reelection amid unconfirmedrumors that its founder, Charles Hoskinson, may join the Trump administration. The SEC hasformally acknowledged the Cardano ETF proposed by Grayscale.

Currently, Cardano is trading around $0.96, up more than 34% over the past seven days.

[Quartz]

Cryptocurrency prices jumped after President Donald Trump's surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund, an announcement that highlights Trump's growing attempts to use volatile cryptocurrency prices as a barometer of his public support.

Trump said on social media Sunday that his administration is working toward creating a “Crypto Strategic Reserve” that will include lesser-known cryptocurrencies XRP, solana, and cardano. He later followed up with another post saying his planned reserve would also include bitcoin and ether, the two most popular cryptocurrencies.

The announcement helped crypto prices rebound, at least temporarily, after recent sell-offs. Bitcoin was trading around $90,000 Monday morning after dipping below $80,000 last week. XRP, solana and cardano saw massive spikes in their prices after Trump's announcement Sunday followed by a more gradual decline through Monday morning.

On the campaign trail, Trump pledged support for a “strategic national bitcoin” stockpile, which would include bitcoin the U.S. government has previously seized in law enforcement actions. Sunday's announcement was the first time he advocated for the government to hold other types of cryptocurrencies.

The White House did not immediately provide additional details, including how much of each type of cryptocurrency Trump wanted the U.S. to hold, and how the government would acquire them, and whether he favored including other types of cryptocurrencies as well.

Eric Trump, the president's son, said the price increases validated the recent advice he's made on social media to stock up on crypto assets. “Hopefully, I made someone's life just a little bit better," he posted on social media.

The president has cast himself as hero to the crypto industry, which he said in his announcement had been the target of “years of corrupt attacks by the Biden administration." The crypto industry felt unfairly targeted by the Biden administration and spent heavily to help Trump win election. The first several weeks of his administration have seen several moves to boost crypto, including ending or pausing high-profile enforcement actions by the Securities and Exchange Commission.

Crypto prices soared after Trump's victory last year, and when the price of bitcoin first crossed $100,000 in early December, Trump took credit and posted "YOU’RE WELCOME!!!" on social media.

But prices have fallen since Trump's inauguration and Trump has faced criticism, including from allies within the crypto industry, for helping launch a personal meme coin just before he took office that has since collapsed in value. The crash of meme coins linked to First Lady Melania Trump and Argentine President Javier Milei, along with a massive hack of a major cryptocurrency exchange that the FBI has said was done by North Korea, have also dimmed enthusiasm for crypto.

When the news of Mudashiru Ajayi Obasa’s return as Speaker of the Lagos State House of Assembly broke on Monday March 3, it sent shockwaves through the political landscape.

His removal from the speakership position on January 13 attracted flurry of reactions and also sparked crisis in the Lagos Assembly.

Obasa was replaced by his former deputy, Mojisola Meranda, as the new Speaker.

He rejected his removal as unconstitutional. He filed a lawsuit against Meranda, the Assembly, and 36 lawmakers, challenging his removal.

Over the years, Obasa has cultivated a strong reputation, commanding respect and fear alike.

Obasa was born on 11 November 1972. He had his primary education at St Thomas Acquinas Primary School, Surulere, Lagos.

He then attended Archbishop Aggey Memorial Secondary school, Mushin, Ilasamaja, Lagos where he obtained the West Africa School Certificate.

He received a bachelor’s degree in law from Lagos State University, Lagos in the year 2006.

His political career took off when he became a councilor in Agege Local Government under the Alliance for Democracy in 1999. He served in this role until 2002.

Obasa secured a seat in the Lagos State House of Assembly in 2003, representing Agege Constituency I. He became a member of the Assembly in 2003 and had since then enjoyed re-election and served as member of numerous committees including Committee on Lands and Housing and Physical Planning.

At different times, he served as Chairman of Committee on Rural Development, House Committee on Public Account for Local Government for six years and Chairman, House Committee on Budget and Economic Planning.

He went on to win re-elections in 2011, 2015, 2019, and 2023, solidifying his position as a prominent figure in Lagos State politics.

Obasa has served as a lawmaker under four different state governors (Bola Tinubu, Babatunde Fashola, Akinwunmi Ambode and Babajide Sanwo-Olu) and was Speaker during the tenure of the last two.

In July 2023, Obasa was presented with an honorary citizenship of the state of Georgia at the Georgia Legislative Black Conference in Atlanta, Georgia, for his “service to the state of Georgia” and Nigeria.

From his days at SDP and UNCP to now being a member of the APC, Obasa can be described as an experienced grassroots politicians.

[TheCable]

Despite his long absence from the epicentre of power, General Ibrahim Babangida remains a subject of constant fascinations. The attention commanded by his recently published autobiography, My Journey in Service, attests to his hold on the public imagination for good or evil. Love him or hate him, you dare not ignore him. Younger Nigerians may not understand the full import of Babangida’s allure, yet his career has so much to do with what we are today. This is the man offered a place in history by Destiny but who through his reckless idiosyncratic preoccupations, destroyed the house he had built with so much meticulous husbandry. He tried to ramble about the June 12 debacle by speaking through both ends of his mouth. Now all his story, whatever else he may be struggling with in his winter years, would be reduced to the tragedy of the man who annulled the freest election in Nigerian history.

It is a fact that Abiola did not have the opportunity to tell his own side of the story. Abiola was eager to display his love affairs with Babangida. In those days, as you climb the flight of stairs leading to the first floor of Abiola’s palatial mansion in Ikeja, you will see the giant picture of Babangida on the wall. Abiola wanted it be known that Babangida was his friend. He was very successful in his primary assignment of making money. He had almost everything. He kept acquiring more. He acquired good friends. He acquired a multitude of dangerous and envious enemies whom he thought were his friends.
During the Second Republic, Abiola made a spectacular foray into politics, colliding with the immovable obelisk of Yoruba politics, Chief Obafemi Awolowo, first Premier of the defunct Western Region. His ambition was high and he thought he had arrived. He had money and relied on the dangerous friends he had acquired in the military. One of them was Babangida.
It was believed that Abiola was recruited into millionairedom through his friendship with General Murtala Muhammed, General Yakubu Gowon’s Minister of Communications. It was a turbulent and profitable friendship and when Gowon was toppled in 1975, Abiola’s friend became the new Head of State. Six months later, Muhammed was assassinated during the botched coup of February 13, 1976 and Abiola’s kinsman, General Olusegun Obasanjo, became the new Head of State. It was an endless summer time for Abiola and the harvest was big. He found his way into the Constituent Assembly and made more friends.

One of his new friends was Alhaji Shehu Shagari, a suave subaltern of the late Sardauna of Sokoto, Alhaji Ahmadu Bello. Shagari was Abiola’s colleague at the Constituent Assembly. He was elected the first President of Nigeria under the new American style Constitution. Despite his money, Abiola’s National Party of Nigeria, NPN, did not make much inroads into Yorubaland. Despite the passage of years, the Yoruba people have not forgotten the Fulani, who dominated the NPN, as the traditional enemy. For almost 50 years in the 19th Century, the Fulani, after seizing Ilorin, an Oyo provincial town, by subterfuge, embarked on a ceaseless campaign to impose Fulani rule over the rest of Yorubaland on the presence that they were spreading Islam. They have succeeded in doing the same in Hausaland, where they killed all Hausa kings and replaced them with Fulani rulers. Their unforgiving and unrelenting quest for total power also manifested during the First Republic when they hounded Obafemi Awolowo into prison. By the time of Abiola’s bumptious challenge, Awolowo had joined the pantheon. To the Yoruba people, he was now an irunmole; one of those ageless deities inhabiting Oke Itase in the sacred land of Ile-Ife.

By 1982, Abiola was having a rethink. He left the NPN and claimed that he was no longer interested in partisan politics. However, when the military struck on December 31, 1983, sacking the regime of President Shagari, Abiola’s friends were back in power. Some people were even ready to speculate that Abiola was one of the sponsors of the coup that toppled the Shagari regime. He was flamboyant and large and through him, possibilities were many. He was very successful; too successful. That was the problem.

Among the stories of Orunmila, there was a man who was too well fed that he started looking for medicine that could burst his protruding belly. So, Abiola started looking for battles to fight. He sought and was given honours from different corners of the world. He was the Pillar of Sports in Africa. He was the Bashorun of Ibadan, a title once held by Oluyole, the Oyo prince who became the second ruler of Ibadan after the legendary Ife general, Lagelu. He wanted visibility. He wanted power! He had the unquenchable desire to change the world.

He soon started having trouble with his old friends. In 1991, the African Concord, one of the publications of the Concord Group of Newspapers owned by Abiola, wrote a story that annoyed the Babangida regime. The regime simply passed a decree banning all newspapers in the Concord stable including the National Concord, Sunday Concord, Weekend Concord, Isokan and Amana. When Abiola humiliatingly arranged a truce, asking his editor, Bayo Onanuga, to apologise, Onanuga refused flatly, declaring in a letter to Abiola: “I am not going to write any apology to anyone!” Instead, he resigned, along with his colleagues; Kunle Ajibade, Femi Ojudu, Dapo Olorunyomi and Seye Kehinde, to start TheNews magazine.

Despite his travails, Abiola still believed so much in Babangida. In 1992, I was among a group of journalists that travelled with him to Goree Island in Senegal, as part of his global campaign for reparation from the West for their two centuries of Trans-Atlantic Slave Trade. On our return journey, I sat beside him on the plane to conduct an interview for TELL magazine. He said he would not join politics again. “What else do I want in my life,” he said. I believed him.

Then he visited his friend in the newly built Aso Rock Presidential Villa, Abuja. Babangida took him on a tour of the palace, culminating in a pleasurable moment at the presidential office. “This would be your office,” Babangida told him. Abiola believed him and he plunged into the presidential race, culminating in the June 12 debacle.

My late boss, Mr Dele Giwa, the first Editor-in-Chief of Newswatch also believed that Babangida was his friend. Then one day early 1986, my colleague, Chuks Iluegbunam, was assigned to cover the opening day of the trial of Major-General Maman Vatsa and 15 others accused of plotting to topple the new military regime of Babangida. I told the Editorial Board of Newswatch that I believe Vatsa will be killed because he was put in handcuff and leg chains. You cannot do that to a general unless you are prepared to finish him.
“He is Babangida’s childhood friend,” Giwa said. “Babangida was his best man at his wedding.” Giwa believed Babangida would spare Vatsa.
Giwa was very sober when the news came via an announcement by General Domkat Bali that Vatsa and the others “have been executed about an hour ago!” Bali added with blatant irony: “In the military, the price of treason is death!”

After that death came for Giwa on October 19, 1986 wearing the innocent mask of a parcel.
Babangida said in his book that he did know anything about the death of Dele Giwa. I believe him.

He would have a lot of explanations to make when he finally makes the inevitable journey to God’s Headquarters. He may have to contend with many restless ghosts before he finally keeps that appointment before the Judgement Throne. Then his comprehensive mendacity may not be of any use. Francois-Marie Arouet, better known as Voltaire, his nom de plume, the French philosopher of the 18th Century said: “Lord, protect me from my friends; I can take care of my enemies!”

-the end-

Some retail outlets belonging to the Nigerian National Petroleum Company Limited have adjusted the petrol pump price to N860 per litre.

PUNCH Online observed that while there is no official communication from the NNPCL Retail yet, some stations in Lagos adjusted their pumps to N860 per litre, down from N945 as of Sunday.

This comes a few days after the Dangote Refinery reduced its ex-depot petrol price from N890 to N825 per litre.

NNPC spokesperson, Olufemi Soneye, did not respond to calls or messages regarding the development.

However, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, confirmed the development to PUNCH Online.

“It is true, NNPC is selling petrol at N860 in the filling stations. Though this has not been reflected on the portal, they told me they are working on updating the portal,” the IPMAN leader said.

Also, the National President of the Petroleum Products Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, said, “They reduced the pump price earlier this morning but I’m yet to get the details.”

The Dangote Refinery announced a price cut last week Wednesday, setting another price regime for the petrol market in Nigeria.

[Punch]

The world’s highest paid CEOs are not just business leaders: they are visionaries shaping industries and driving massive financial growth.

Their compensation, often tied to stock performance and company success, reflects their impact on the global economy.

Here’s a look at the highest paid CEOs and their contributions to their respective companies, per TOI World Desk data:

1. Elon Musk (Tesla) – $23.5 Billion

Elon Musk, the CEO of Tesla, has played a transformative role in the electric vehicle (EV) industry. His compensation package, estimated at $23.5 billion, is primarily tied to stock options linked to Tesla’s market performance. Under his leadership, Tesla has maintained its dominance in the EV market, demonstrating remarkable financial growth and innovation in sustainable technology.

2. Tim Cook (Apple) – $770.5 Million

Since taking over as Apple’s CEO in 2011, Tim Cook has guided the company to unprecedented success and finds himself among the highest paid CEOs in the world. Under his leadership, Apple became the first company to reach a $2 trillion valuation. His compensation, totaling $770.5 million, includes stock grants and bonuses, reflecting his pivotal role in driving innovation across products like the iPhone, iPad, and Apple Watch.

3. Sundar Pichai (Alphabet) – $280 Million

Sundar Pichai, CEO of Alphabet, Google’s parent company, has been instrumental in the company’s dominance in search, advertising, and cloud computing. His estimated salary of $280 million underscores his leadership in steering Google Search, YouTube, and Google Cloud toward continued global expansion and innovation.

4. Jensen Huang (Nvidia) – $561 Million

Jensen Huang, the CEO of Nvidia, has led the company to remarkable heights, particularly in AI and gaming technology. His compensation of $561 million is largely based on stock options, reflecting Nvidia’s rapid growth and its emergence as a leader in AI and graphics processing.

5. Reed Hastings (Netflix) – $453.5 Million

Reed Hastings, co-founder and CEO of Netflix, has reshaped the entertainment industry with his pioneering leadership in streaming services. His compensation of $453.5 million highlights his role in Netflix’s global expansion and its dominance in digital content distribution.

6. Leonard Schleifer (Regeneron Pharmaceuticals) – $452.9 Million

Leonard Schleifer, CEO of Regeneron Pharmaceuticals, has overseen groundbreaking advancements in biopharmaceuticals. His $452.9 million compensation, largely derived from stock options, is a testament to Regeneron’s success in developing innovative treatments for diseases such as cancer and eye disorders.

7. Marc Benioff (Salesforce) – $439.4 Million

Marc Benioff, CEO of Salesforce, has revolutionized customer relationship management (CRM) software. His $439.4 million compensation reflects his leadership in expanding Salesforce’s reach through acquisitions and advancements in cloud computing and AI-driven business solutions.

8. Satya Nadella (Microsoft) – $309.4 Million

Under Satya Nadella’s leadership, Microsoft has evolved from a software giant to a cloud computing powerhouse. His $309.4 million compensation underscores his role in driving success through Azure, gaming, and productivity tools, significantly boosting Microsoft’s global influence.

9. Robert A. Kotick (Activision Blizzard) – $296.7 Million

Robert A. Kotick, CEO of Activision Blizzard, has overseen the company’s success in the gaming industry, with franchises such as Call of Duty and World of Warcraft. His $296.7 million compensation package, heavily based on stock options, reflects his role in the company’s expansion and market dominance.

10. Hock E. Tan (Broadcom) – $288 Million

Hock E. Tan, CEO of Broadcom, has played a strategic role in the semiconductor industry, leading the company to significant growth. His $288 million compensation underscores his impact on innovation and acquisitions that have strengthened Broadcom’s position in telecommunications, data centers, and consumer electronics.

Vanguard News

Patrick Doyle, the ace Nigerian actor, has weighed in on the sex-for-Lamborghini controversy between Burna Boy and Sophia Egbueje, the socialite.

The controversy began after an audio recording where Sophia claimed that Burna Boy had promised to buy her a Lamborghini, but reneged on his pledge after they became intimate.

She alleged that he gave excuses for not buying the car, prompting her to block him and purchase the vehicle herself.

A few days after the audio circulated online, she shared a video of a Lamborghini being delivered to her house.

Doyle took to his Facebook page to criticize Sophia and those who congratulated her on acquiring the luxury vehicle.

He questioned how people could praise her despite the rumours surrounding her means of livelihood, which he described as “shameful”.

Doyle condemned the “romanticising of iniquity” and the tendency to celebrate questionable behavior, calling out those who congratulated Sophia as “half-wits” and “dim wits.”

“She boasted about the value of her wrist watch and flaunted a 600 million naira car. The combined value of both items is in the range of 650 to 750 million naira,” he wrote.

“Some half wits were impressed and effusively congratulated her as she smiled and flaunted both items. As if we hadn’t heard about her shameful means of livelihood.

“Meanwhile, I can bet that there are members of her extended who are going through a tough time. The romanticising of iniquity has become the stock in trade of dim wits amongst us.”

Burna Boy had earlier shared a video of himself singing, seemingly mocking Egbueje for making a fuss about the issue.

[TheCable]