Connect with us

Business News

Ambode, Dalung, Dambazau, others lose out on ministerial list

The immediate past Governor of Lagos State, Akinwunmi Ambode, [#MinisterialList] lost out in the President Buhari’s ministerial list just read on the floor of the Senate in Abuja.




The immediate past Governor of Lagos State, Akinwunmi Ambode, lost out on the President Buhari’s ministerial list read today on the Floor of the Senate in Abuja.

This is against widespread speculation that the former Governor had been rewarded with a ministerial appointment after losing the bid to be governor for the second term. Meanwhile, his predecessor, Babatunde Raji Fashola made the list for the second time in a row.

Further Breakdown: Similarly, other prominent personalities that were widely expected to be returned by President Buhari and form the cabinet also missed out. Note that some of the personalities involved were part of the President’s cabinet in the first administration. Some of the major prominent names include:

  • Solomon Dalung (former Minister for Youth and Sport)
  • Ibe Kachikwu (former minister for Minister of State, Petroleum Resources)
  • Abdulrahman Bello Dambazau (former Minister of Interior)
  • Adebayo Shittu (former Minister for Communications)
  • Audu Ogbeh (former minister, Agriculture)
  • Isaac Adewole (minister for health)
  • Okechukwu Enelamah (minister for industry, trade and investment)

Only 13 Returnee: Out the ministers in President Buhari’s cabinet during the first administration, only thirteen ministers were returned as ministers. The ministers returned include;

  • Zainab Ahmed – Finance
  • Adamu Adamu – Education
  • Muhammadu Bello – FCT Minister
  • Chirs Ngige – Labour and employment
  • Lai Mohammed – Information and culture
  • Abubakar Malami – Minister for Justice
  • Babatunde Fashola – Power, Works and Housing
  • Rotimi Amaechi –  Minister for transport
  • Geoffrey Onyeama (Enugu State) Foreign Affairs
  • Suleiman Adamu (Jigawa State) – State, Power and Works
  • Osagie Enahire (Edo State) – Minister of State for health
  • Hadi Sirika – Minister of State, Aviation
  • Ogbonnaya Onu – Science and Technology

[READ: FULL-LIST of Buhari ministerial nominees]

GTBank 728 x 90

Ex-governors and Senators: In Buhari’s new ministerial list, seven former governors and seven ex-senators are among the nominees whose names were sent to the Senate for screening and confirmed on Tuesday. The seven former governors are:

  • Rauf Aregbesola (Osun)
  • Niyi Adebayo (Ekiti)
  • George Akume (Benue)
  • Rotimi Amaechi (Rivers)
  • Godswill Akpabio (Akwa Ibom)
  • Timipre Sylva (Bayelsa) and
  • Babatunde Fashola (Lagos)

On the other hand, on the list are seven ex-law makers who are expected to enjoy some privileges during the screening exercise.

Basically, in the tradition of the Senate, the seven former lawmakers will be asked to take a bow and avoid all the questions and answers that normally characterise the exercise as a mark of respect. The lawmakers expected to enjoy the privileges include;

  • Sen. Gbemisola Saraki (Kwara)  2007 and 2011
  • Sen. Olorunnibe Mamora (Lagos) 2003 and 2011
  • Sen. Hadi Sirika (Katsina) Immediate past Minister of Aviation
  • Sen. Tayo Alasoadura (Ondo) 2015 and 2019
  • Sen. Godswill Akpabio (Akwa Ibom) 2015 to 2019.
  • Sen. Chris Ngige (Anambra) Immediate past minister labour and employment Senate
  • Sen. George Akume (Benue) 2007 and 2015

[READ FURTHER: Saraki, Keyamo, Amaechi, others make Buhari’s ministerial list]

Samuel is an Analyst with over 5 years experience. Connect with him via his twitter handle

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.


COVID-19 Update in Nigeria

On the 20th of September 2020, 97 new confirmed cases and 3 deaths were recorded in Nigeria.



The spread of novel Corona Virus Disease (COVID-19) in Nigeria continues to record increases as the latest statistics provided by the Nigeria Centre for Disease Control reveal Nigeria now has 57,242 confirmed cases.

On the 20th of September 2020, 97 new confirmed cases and 3 deaths were recorded in Nigeria, having carried out a total daily test of 2,609 samples across the country.

To date, 57,242 cases have been confirmed, 48,569 cases have been discharged and 1,098 deaths have been recorded in 36 states and the Federal Capital Territory. A total of 482,321  tests have been carried out as of September 20th, 2020 compared to 479,712 tests a day earlier.

COVID-19 Case Updates- 20th September 2020,

  • Total Number of Cases – 57,242
  • Total Number Discharged – 48,569
  • Total Deaths – 1,098
  • Total Tests Carried out – 482,321

According to the NCDC, the 97 new cases were reported from 12 states- Lagos (46), Kwara (12), Rivers (11), Adamawa (4), Niger (4), Ogun (4), Osun (4), Ekiti (3), Imo (3), Kaduna (3), Plateau (2), FCT (1).

Meanwhile, the latest numbers bring Lagos state total confirmed cases to 18,943, followed by Abuja (5,551), Oyo (3,231), Plateau (3,231), Edo (2,611), Kaduna (2,348), Rivers (2,243), Delta (1,799), Ogun (1,766), Kano (1,734), Ondo (1,597), Enugu (1,234), Ebonyi (1,038), Kwara (1,025), Abia (881), Katsina (848), Osun (817), Gombe (799), Borno (741), and Bauchi (689).

GTBank 728 x 90

Imo State has recorded 562 cases, Benue (473), Nasarawa (448), Bayelsa (394),  Jigawa (322), Ekiti (317), Akwa Ibom (288), Niger (254), Adamawa (234), Anambra (232), Sokoto (161), Taraba (95), Kebbi (93), Cross River (85), Zamfara (78), Yobe (75), while Kogi state has recorded 5 cases only.

READ ALSO: COVID-19: Western diplomats warn of disease explosion, poor handling by government

Lock Down and Curfew

In a move to combat the spread of the pandemic disease, President Muhammadu Buhari directed the cessation of all movements in Lagos and the FCT for an initial period of 14 days, which took effect from 11 pm on Monday, 30th March 2020.

The movement restriction, which was extended by another two-weeks period, has been partially put on hold with some businesses commencing operations from May 4. On April 27th, 2020, Nigeria’s President, Muhammadu Buhari declared an overnight curfew from 8 pm to 6 am across the country, as part of new measures to contain the spread of the COVID-19. This comes along with the phased and gradual easing of lockdown measures in FCT, Lagos, and Ogun States, which took effect from Saturday, 2nd May 2020, at 9 am.

On Monday, 29th June 2020 the federal government extended the second phase of the eased lockdown by 4 weeks and approved interstate movement outside curfew hours with effect from July 1, 2020. Also, on Monday 27th July 2020, the federal government extended the second phase of eased lockdown by an additional one week.

On Thursday, 6th August 2020 the federal government through the secretary to the Government of the Federation (SGF) and Chairman of the Presidential Task Force (PTF) on COVID-19 announced the extension of the second phase of eased lockdown by another four (4) weeks.

READ ALSO: Bill Gates says Trump’s WHO funding suspension is dangerous


GTBank 728 x 90
Fidelity ads



Continue Reading

Economy & Politics

Godwin Obaseki wins Edo State governorship election

Incumbent governor, Godwin Obaseki emerged winner in the Edo State gubernatorial election.



Oil theft gulped $1.35 billion in first six months - Obaseki 

Independent National Electoral Commission(INEC) has declared Godwin Obaseki the winner of the Edo State gubernatorial election today.

Mr. Obaseki will return as the Governor of the state for a second term.

The results were declared by INEC on Sunday afternoon after the results were counted from all LGA’s on Saturday.

Obaseki had 307,955 votes, which was enough to be declared a clear winner over Ize-Iyamu’s 223,619 votes.

Obaseki took to his Twitter handle to thank the people of Edo State for their votes. He stated,

GTBank 728 x 90

“Words fail me in saluting our teeming supporters who displayed immense courage in the face of threats, intimidation and brutalization. The collective will of Edo people made it possible for us to triumph over godfatherism. Congratulations to all Edo people. This is our victory!”

Continue Reading

Tech News

TikTok’s owner seeks $60 billion valuation in US deal as Oracle, Walmart take stakes

Oracle and Walmart have rights to buy 12.5% and 7.5% respectively of a newly established TikTok Global.



Tiktok world’s most valuable startup is worth more than $100 billion

TikTok’s parent company, ByteDance is seeking a valuation of $60 billion for its video-sharing app, as Oracle Corp and Walmart Inc take stakes in the technology firm’s US operations to address the security concerns of the Trump administration.

According to a report from Bloomberg, Oracle and Walmart have rights to buy 12.5% and 7.5% respectively of a newly established TikTok Global under an agreement that has gotten the approval of President Donald Trump.

The duo US firms would be paying a combined amount of $12 billion for their stakes if they reach an agreement with TikTok for the asking price of $60 billion.

READ: Oracle wins bid to acquire TikTok’s US operations after Microsoft offer was rejected

The final valuation had not been set as the parties worked out the equity and measures for data security.

GTBank 728 x 90

It was also stated that China is yet to approve the deal, although regulators are said to have expressed support for any transaction in which BtyeDance still maintains control of its valuable recommendation algorithms and other proprietary technology.

It would be recalled that President Donald Trump, had threatened to ban the ByteDance owned TikTok, over national security concerns, but which some analysts see as part of the row between US and China. This pressured ByteDance into the deal as they looked to avoid the ban by the US government.

READ: ByteDance, Tiktok’s parent company, now worth over $100 billion

The US officials had expressed concern that the personal data of as many as 100 million Americans that use the app were being passed on to the Chinese government.

ByteDance turned down the proposal of a full buyout from Microsoft Corp but rather agreed to Oracle’s offer in which the Chinese parent company will still maintain a majority stake in the technology firm.

Trump told reporters on Saturday, ‘’I approve the deal in concept. If they get it done, that’s great. If they don’t, that’s ok too.’’

READ: President Trump dumps plan to force foreign students to leave the US

Trump’s new stance appears to conflict with his earlier executive order for China’s ByteDance to divest from the video-sharing app’s operations in the United States.

ByteDance is in a race to avoid a ban on TikTok after the US Commerce Department said on Friday that it would block new downloads and updates to the app from Sunday.

GTBank 728 x 90
Fidelity ads

According to market researcher, CB Insights, ByteDance is the most valued private start-up in the world at $140 billion. Under the proposed deal, ByteDance may end up owning as much as 80% of TikTok Global, which include the app’s operations in the US and the rest of the world excluding China. Venture firms like Sequoia Capital and General Atlantic may also acquire equity in the new business.

Continue Reading
ikeja electric
FCMB ads
Fidelity ads
first bank
deals book
financial calculator
deals book