Threats To Nigeria’s Corporate Existence unprecedented, Osinbajo Laments

Published

5 years ago

November 13, 2021

Vice President Yemi Osinbajo says the threats to Nigeria’s corporate existence are unprecedented and unimagined, DAILY POST reports.

The VP spoke at the weekend during the public presentation of a book authored by retired Major-General Pat Akem-Vingir.

Noting that the country is forging ahead despite numerous challenges, he mentioned the battle against COVID-19.

Osinbajo said Nigeria’s effort to tackle the coronavirus pandemic was an example of leadership in a crisis.

He recalled how even some of the wealthiest and most developed economies struggled to handle the outbreak.

The VP said countries with more modest economic profiles quickly deployed a public health framework that was responsive and effective.

Osinbajo pointed out that Nigeria’s response has been celebrated locally and internationally as a result of strategic leadership.

He cited the establishment of the Presidential Task Force (PTF) on COVID-19 and an inter-ministerial interagency team led by Secretary of the Government of the Federation, Boss Mustapha.

“The task force swiftly issued and enforced COVID-19 protocols for travel and general movement. We restricted travel into Nigeria before most OECD countries did.

“Once the first case was discovered, the African Center of Excellence for Genomic of Infectious Diseases, in Ede gave Africa the first genomic sequence for Coronavirus SARS 2,” he said.

Osinbajo hailed the PTF for developing the protocols, public health system for mass vaccination campaigns, and ensuring eligible citizens received their jabs seamlessly.

He added that leadership required imagination, clarity of vision and effective implementation due to current global challenges, changes and opportunities.

“As a nation, the threats to our corporate existence today are unprecedented and hitherto unimagined. It is against this background that the author’s prescriptions have to be taken seriously.

“As he pointed out, exceptional leaders do not just emerge, they are the products of deliberate efforts in policy making, training and grooming”, Osinbajo stressed.

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Indian Court Denies Bail To Nigerian Man Over Drug Charges

Published

2 hours ago

May 28, 2026

Editor

A court in India has denied bail to a 44-year-old Nigerian national, Cristian Soporuchukwu, who is currently facing drug trafficking charges in the country.

Cristian Soporuchukwu initially entered India on a business visa but was later arrested over allegations of involvement in the sale of hard drugs.

Reports indicated that after arriving in India, Soporuchukwu travelled through Goa, Delhi, and Mumbai, where he allegedly established links with suspected drug traffickers.

He was accused of purchasing MDMA crystals and distributing them to college students and information technology workers.

According to reports, operatives of the Beguru Police arrested Cristian Soporuchukwu in April 2025 for allegedly selling MDMA crystals around Begur Lake and the AECS Layout Road area.

The New Indian Express reported that the High Court of Karnataka subsequently dismissed the Nigerian’s bail application.

“The anti-narcotics wing seized about 1 kg of MDMA crystals, a pocket weighing machine, 10 zip-lock covers, a mobile phone and a scooter from him,” the report stated.

Justice V. Srishananda, while ruling on the bail application, reportedly held that errors relating to the grounds of arrest could not automatically justify bail in serious narcotics-related offences under the Narcotic Drugs and Psychotropic Substances, NDPS, Act.

The court further noted that Cristian Soporuchukwu had allegedly overstayed his visa in India, according to the report.

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Strait Of Hormuz: US Announces Sanctions Against Iran

Published

2 hours ago

May 28, 2026

Editor

The United States Treasury has announced sanctions against Iran’s Persian Gulf Strait Authority.

Treasury Secretary, Scott Bessent, said this in a statement on Wednesday.

The statement extended the threat of sanctions to anyone paying the fees, saying they may be providing support to and receiving services from Iran’s Revolutionary Guards, and therefore may be exposed to sanctions risk.

“The Iranian military’s latest attempt to extort global maritime trade is proof that Economic Fury has left the regime desperate for cash.

“Treasury has deprived the Iranian regime of revenue for their weapons programs, terrorist proxies, and nuclear ambitions,” Bessent said.

Bessent added that the US has succeeded in disrupting tens of billions of dollars’ worth of revenue from being accessible to Tehran.

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US Launches New Airstrikes On Iran

Published

2 hours ago

May 28, 2026

Editor

The United States has launched new airstrikes in southern Iran.

The strike shot down four one-way attack drones that posed a threat around the Strait of Hormuz and then a ground control site.

A US official revealed that American forces struck an Iranian ground control station in Bandar Abbas that was about to launch a fifth drone.

The official described the strikes as purely defensive, saying the US intended to maintain the ceasefire.

Report says this is the second time in three days that the US has carried out self-defense strikes against Iranian military targets in southern Iran.

Recall that on Monday the US carried out airstrikes against Iranian missile locations and boats that US Central Command said were preparing to launch mines in the Strait of Hormuz.