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JUST IN: I Regret June 12 Annulment – IBB

Published

7 months ago

February 20, 2025

Editor

Former Military President Ibrahim Badamasi Babangida (IBB) has expressed regret over the annulment of the June 12, 1993 Presidential election, saying he would do things differently if given another chance.

He said this during the launch of his autobiography – “A Journey in Service”, in Abuja, on Thursday.

Speaking after former Vice-President Yemi Osinbajo reviewed the book, IBB took responsibility for the cancellation of the exercise which was a two-horse race between Abiola, candidate of the Social Democratic Party (SDP), and Bashir Tofa of the National Republican Convention (NRC).

“I regret June 12. I accept full responsibility for the decisions taken and June 12 happened under my watch. Mistakes, missteps happened in quick successions,” he said.

In an interview which he previously granted, IBB had defended annulment of the June 12 election.

While saying he agreed that it was free and fair and also the best of all elections ever conducted in Nigeria’s history, he said Nigeria was not ready for a democratic rule as of the time the election held.

“June 12 was accepted by Nigerians as the best of elections in Nigeria. It was free and fair. But unfortunately, we cancelled that election. I used the word unfortunately, for the first time. We were in government at the time and we knew the possible consequences of handing over to a democratic government. We did well that we wanted ours to be the last military coup deta’t. To be honest with you, the situation was not ripe to hand over at the time.

“Forget about the wrong things that happened in politics. The issue of security of the nation was a threat and we would have considered ourselves to have failed, if six months after handover, there was another coup. I went through coup deta’t and I survived it. We knew that there would be another coup deta’t. But not many people believed what we said. They could have allowed me to go away and then they (coup plotters) would regroup and stage another coup. This is how coups are staged – one man will always come to complain. And he will try to convince you about his complaints,” Babangida said.

He said security threats to the advent of democracy at the time culminated in fresh plans to conduct another election within another six months after June 12 annulment, with better strategy, but which he said he could not achieve as a result of the hostility which accompanied the cancellation. According to him, another election was conceived to come up in November 1993.

He revealed further that he was determined to conduct another election which culminated in the constitution of an Interim National Government (ING), which he noted was eventually toppled by a military coup staged by General Sani Abacha.

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NiMet Predicts Three-day Rain, Thunderstorms From Monday

Published

9 hours ago

September 21, 2025

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JUST IN: Ooni Visits Olubadan-designate Ladoja In Ibadan

Published

15 hours ago

September 21, 2025

Editor

The Ooni of Ife, Oba Enitan Ogunwusi, on Sunday, paid a visit to the Olubadan designate, Rashidi Ladoja, at his Bodija private residence in Ibadan, Oyo State.

The PUNCH reports that Oba Ladoja will be installed as the 44th Olubadan on Friday, September 26, 2025, following the demise of the 43rd Olubadan, Oba Owolabi Olakulehin, who joined his ancestors on Monday, July 7, 2025, at the age of 90 years.

The two paramount rulers are currently exchanging pleasantries.

Details later…

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JUST IN: FG Revokes 1,263 Mineral Licenses Over Unpaid Fees

Published

15 hours ago

September 21, 2025

Editor

The Federal Government through the Ministry of Solid Minerals Development has announced a fresh revocation of not less than 1,263 mineral licenses.

These licenses, which will now be deleted from the Electronic Mining Cadastral System portal of the Nigerian Mining Cadastral Office, include 584 exploration licenses, 65 mining leases, 144 quarry licenses, and 470 small-scale mining leases.

The minister of Solid Minerals Development, Dele Alake, gave the revocation announcement in a statement issued by his special assistant on Media, Segun Tomori, on Sunday in Abuja.

The minister explained that the directive was issued due to the companies’ failure to comply with the requirement of paying their annual service fees.

The latest revocation brings the total mineral titles revoked under the current administration to 3, 794 including,619 mineral titles revoked for defaulting in paying annual service fees and 912 for dormancy last year.

By opening up the areas formerly covered by these licenses, the revocation is expected to spur fresh applications by investors looking for fresh opportunities.

The statement read, “Not less than 1,263 mineral licenses will be deleted from the portal of the Electronic Mining Cadastral system of the Nigerian Mining Cadastral Office, MCO, following their revocation by the Federal Government.

“These include 584 exploration licenses, 65 mining leases, 144 quarry licenses, and 470 small-scale mining leases.”

Approving the revocation following the recommendation of the MCO, the Minister said applying the law to keep speculators and unserious investors away from the mining sector would make way for diligent investors and grow the sector.

“The era of obtaining licences and keeping them in drawers for the highest bidder, while financially capable and industrious businessmen are complaining of access to good sites, is over.

“The annual service fee is the minimum evidence that you are interested in mining. You don’t have to wait for us to revoke the license because the law allows you to return the license if you change your mind,” the minister said.

He warned that the revocation does not mean the Federal Government has pardoned the annual service debt owed by licensees, adding that the list will be forwarded to the Economic & Financial Crimes Commission to ensure that debtors pay or face the wrath of the law.

“This is to encourage due diligence and emphasise the consequences of inundating the license application processes with speculative activities.”

In the recommendation to the minister, the Director-General of the MCO, Simon Nkom, disclosed that there were 1,957 initial defaulters when the MCO published the intention to revoke licences in the Federal Government Gazette on June 19, 2025.

He informed the minister that the gazette was distributed to MCO offices nationwide to sensitise licencees and encourage them to comply within 30 days in compliance with the Minerals and Mining Act 2007 and relevant regulations.

He observed that the delay in the final recommendation was due to complaints of several licensees who claimed to have paid to the Federal Government through Remita and had to be reconciled.

Earlier this month, the DG MCO had hinted that more mining licences would be revoked as part of ongoing efforts to sanitise the solid minerals sector and protect investors from fraudsters.

According to Nkom, the clean-up exercise, which covers expired, speculative, and inactive titles, is necessary to make room for genuine investors and ensure compliance with the law.

This is part of ongoing efforts at sanitising the sector since the inception of the Tinubu administration, and the salutary effects of the reforms are massive and manifest despite the attempts to push back by defaulters and their agents.