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‘Third Force’ debuts in Abuja, considers political party status

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Hundreds of people trooped to the Yar Adua Centre in Abuja, yesterday, for the official launch of what was supposed to be former President Olusegun Obasanjo’s ‘Coalition for Nigeria Movement’, known also as the Third Force.Obasanjo, in a letter highly critical of the President Muhammadu Buhari-led Federal Government, a week ago, had asked: “If neither the All Progressives Congress (APC) nor the Peoples Democratic Party (PDP) is a worthy horse to ride to lead Nigeria at this crucial and critical time, what then do we do?”

He then went on to call for the establishment of the group, saying: “We need a Coalition for Nigeria. Such a Movement at this juncture needs not be a political party but one to which all well-meaning Nigerians can belong. That Movement must be a coalition for democracy, good governance, social and economic wellbeing and progress; a coalition to salvage and redeem our country.”

The former leader, however, was conspicuously absent from yesterday’s event, even though in his letter he had stated: “You can count on me with such a Movement…I will gladly join such a Movement when one is established as Coalition for Nigeria, taking Nigeria to the height God has created it to be.”

In attendance were APC Board of Trustees member, Buba Galadima, former governor of Osun State and Chairman, Board of the National Identity Management Commission (NIMC), Olagunsoye Oyinlola, former PDP National Chairman, Amodu Ali, former governor of Cross River State, Donald Duke, and supporters of former Kano State governor, Rabiu Musa Kwankwaso, currently the senator representing Kano Central, among others.

Kwankwaso emerged second after Buhari during the party’s 2015 primaries in Lagos.

The convener, Oyinlola, an ally of Obasanjo, said the movement for now “is not a political party” but stressed it could metamorphose into one soon.

“To say that we are legitimising Obasanjo’s legacy is wrong. I think what he has done is stir us from slumber. Nobody can fault Obasanjo’s letter. We are not a political party for now. Our aim is to help Nigerians take the country from those who run it as business. It is not the destiny of Nigeria to remain in crisis and in doldrums,” he said.

Oyinlola noted that if Nigeria must be rescued from its present crop of leaders, there was the need for synergy between all groups.

He called for commitment from all Nigerians and assured that youths would be at the forefront of the initiative. “There is no other assurance for this movement other than your commitment. Don’t say we are going to carry you along. No, you are the ones (youth) who will carry us along,” he said.

Asked whether he was ready to quit the Buhari government and dedicate time to the movement, Oyinlola said: “I am not tied down to a political party. This is a part-time commission, which means I have only four meetings in a year. But get it straight, I joined a political party to serve my country and my service in NIMC is to my country and countrymen.

“If being chairman will rob me of my desire to see this movement to its greatest height, then the chairmanship will yield. The style of convening this movement is noble and it is quite different from any other we have had in this country.”

Duke, a co-convener, stated that the movement had received overwhelming support.

He said: “Forget about the story that we are the largest economy in Africa. It is an imagination of numbers. There are so many people in Nigeria and even if we are doing nothing, it will still be the largest economy. But in terms of productivity, we are nowhere…it practically explains where we are and what we have to do; the need to work as a coalition and change our nation.”

Galadima, who was Kwankwaso’s campaign head in the buildup to the 2015 APC primaries, declared support for the coalition, saying it did not violate his membership of the APC. “It is not a political party; it is a movement being put together to salvage our country from the verge of disintegration,” he said.

Meanwhile, an elder statesman and renowned constitutional lawyer, Prof. Nwabueze, yesterday, called for a change of leadership in the nation.

In a letter entitled: ‘Nigeria Under President Buhari Is Categorised As A Failed State By An Internationally Recognised Agency’, he said: “Buhari must be stopped before he pushes Nigeria further down the rank of the worst failed states to which Zaire, under Mobutu, had been reduced.”

He added: “God forbid that he (Buhari) should ever get a second term. Or Nigeria will cease to exist, except in the sense in which Zaire, under Mobutu, existed. That is as an idea without an existential content; a state existing only in name or on the map as a mere geographical expression.”

 

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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