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Goodluck Jonathan among Africa’s poorest ex-leaders – Godknows Igali

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Goodluck Jonathan

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Former President Goodluck Jonathan is one of the poorest Nigeria or African’s former leaders in recent time, his associate and former Permanent Secretary at the Ministry of Power, Ambassador Godknows Igali, has said.

Speaking with select journalists in Abuja at the weekend, the former career diplomat said that despite the allegations of corruption levelled against some of his officials and associates during his tenure as Nigeria’s president, he left government insolvent but a fulfilled man.

Igali backed up his claim with the fact that even with the numerous corruption accusations against his administration, no case had been linked directly to him.

He said: “Am glad that some of you Journalists are privileged to know where he (Jonathan) lives and where he has his private offices in this country. I do not think President Jonathan can be considered a very rich man.”

“You must realize that none of those corruption allegations has been personally linked to him. Jonathan is not a rich man, take it from me. He may be comfortable but not rich. But l know that his pension as a former president is enough to take care of him.”

The former Permanent Secretary revealed: “Indeed Jonathan is still struggling to pay some election liabilities from 2015 until today.

“Despite all the stories of flying billions, Jonathan borrowed money to prosecute some aspects of his election and he is struggling in different ways to meet up.”

“There’s a lot of untruths that is being said about him, but l believe history will be very fair to him. He is a very simple man. His background and lifestyle are very simple.” He is not jingoistic.

“Thank God some of you guys know where he has an office and where he lives in Maitama.” Which former president of Nigeria lives in that kind of place?

“President Jonathan’s parlour in his Maitama house cannot accommodate more than 10 persons. Look at his dining table, it is like any other house in Maitama. The only way you will know that a former president of this country is living there is the presence of security men and which he is entitled to as a former president.”

Former Nigeria’s Ambassador to Sweden, Finland, Venezuela and Cameroon at different times regretted that Jonathan’s administration was being discredited despite its numerous achievements but was confident that history would vindicate the former president.

Igali added: “As a former president when Jonathan needs an aircraft, the federal government will give him particularly if he is going on an important official assignment. But if it is his private trip, he has to fend for himself.

“He travels on commercial aircraft but when it is not convenient for him that he has to rush to somewhere. Azikel Group helps him.

“The man is from the same Ogbia local government like him. He takes it as his duty to help him. I think we are quite grateful to Dr Iruani for helping Jonathan out all the time.”

EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

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Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

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MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

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Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

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BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

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Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

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