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Elumelu Opens Up On Buhari’s Blockade, Oil Theft, And His Vision For Africa’s Growth
In a shocking revelation, Tony Elumelu, Chairman of Heirs Holdings and United Bank for Africa Plc, has disclosed how former President Muhammadu Buhari and his chief of staff, the late Abba Kyari, blocked his initial move to acquire an oil field in 2017.
In an interview with, Elumelu revealed that Heirs Holdings had raised $2.5 billion to purchase an oil field in 2017 but was prevented from doing so by former Nigeria President, Muhammadu Buhari and Kyari. He claimed that he was told that Nigeria couldn’t allow something of such strategic importance to fall into the hands of a private operator, despite the fact that he would have been purchasing it from a foreign company.
However, Elumelu’s persistence paid off, as Heirs Holdings acquired OML 17, an onshore oilfield, in 2021, as part of a deal that included $1.1 billion in financing from a consortium of global and regional banks and investors. The OML 17 field has a production capacity of 27,000 barrels of oil equivalent per day and estimated reserves of 1.2 billion barrels of oil equivalent.
When asked if he felt like getting in at the end of the party by buying an oil asset in the age of energy transition and environmental, social, and governance investing, Elumelu said: “We wanted to become a Fortune 500 company and we estimated what we needed. It’s not naira, it’s huge dollars.” Energy security is crucial for a country that doesn’t produce enough electricity for its roughly 200 million citizens, he added.
Elumelu also shared his experience with oil theft, which has been a major challenge for his company. He discovered first-hand why international oil companies were partly divesting from onshore assets, after criminal gangs began stealing crude from his pipelines. In 2022, when things got to a point where his company had to shut down production, Elumelu vented his frustration on social media, tweeting: “How can we be losing over 95 per cent of oil production to thieves?”
Today, though, business is looking up. Elumelu showed the status updates he received on his phone from the field: 42,000 barrels of crude pumped out daily. Theft still takes away about 18 per cent of production, he said. When asked who was behind oil theft in the country, he said: “This is oil theft, we’re not talking about stealing a bottle of Coke you can put in your pocket. The government should know; they should tell us. Look at America — Donald Trump was shot at and quickly they knew the background of who shot him. Our security agencies should tell us who is stealing our oil. You bring vessels to our territorial waters and we don’t know?”
Elumelu also stressed the need for Africa’s private sector to actively contribute to the continent’s growth, a principle he has termed “Africapitalism”. He praised President Bola Tinubu’s “courage” in embarking on necessary reforms and expressed support for skilled young Nigerians emigrating, stating that “joblessness is the betrayal of a generation” and that those who decide to stay should try to create an impact and build a legacy
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Togo Bans France24, RFI

Togo on Monday suspended French broadcasters RFI and France 24 for three months, the media regulator said, accusing both of transmitting “inexact and tendentious” content.
“Several recent broadcasts relayed inaccurate, biased, and even factually incorrect statements, undermining the stability of republican institutions and the country’s image,” Togo’s High Authority of Audiovisual and Communication (HAAC) said in a statement.
Togolese opposition parties and civil society groups on Thursday demanded Gnassingbe step down, urging a civil disobedience campaign following last week’s youth-led demonstrations.
He “must return power to the Togolese people to whom national sovereignty belongs”, the National Alliance for Change (ANC), Democratic Forces for the Republic (FDR) and civil society groups said in a statement.
The groups urged citizens to launch acts of civil disobedience from June 23 to thwart the “illegitimate” regime.
Protests have been banned in Togo since 2022, following a deadly attack at Lome’s main market, though public meetings are still allowed.
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Bloodbath in Benue: Amnesty International Calls on Nigerian Government to End Killings, Prosecute Perpetrators

Bloodbath in Benue: Amnesty International Calls on Nigerian Government to End Killings, Prosecute Perpetrators
The global human rights watchdog, Amnesty International, has issued a strong call to the Nigerian authorities to urgently halt the ongoing bloodshed in Benue State, following the recent massacre of over 100 people in Yelewata community.
According to Amnesty, the attack, which began late Friday, June 13, and continued into the early hours of Saturday, June 14, 2025, is yet another stark reminder that the Nigerian government’s security strategy in the state is failing.
“The horrifying killing of over 100 people by gunmen that invaded Yelewata… shows the security measures government claims to be implementing in the state are not working,” Amnesty International said in a statement.
Survivors of the attack recount a night of unimaginable horror. Many families, according to eyewitnesses, were locked inside their homes and set ablaze. Charred remains of victims, including children and elderly residents, littered the community by dawn. Dozens of others sustained life-threatening injuries, many of whom are yet to receive adequate medical attention. Scores are still missing, raising fears that the actual death toll may rise significantly in the coming days.
The attack on Yelewata is just the latest in a disturbing pattern of deadly violence sweeping across Benue State in recent years. Amnesty International said it has been documenting the increasing frequency and brutality of attacks carried out by gunmen, often referred to locally as bandits or unidentified armed herders.
“These killings have been carried out with utter impunity,” the organization said. “The Nigerian authorities’ failure to stem the violence is costing people their lives and livelihoods.”
The organization warned that if the federal government continues to treat these attacks with what it described as “institutional indifference,” the crisis could deepen further.
Amnesty expressed particular concern about the impact of the violence on the region’s already fragile food security. Most of the victims of the attacks are rural farmers, whose displacement is already disrupting agricultural activities across several local government areas in the state.
“Massive displacement caused by the attacks is threatening the livelihoods of thousands and may worsen the food crisis,” the organization warned.
In Yelewata, residents described how attackers stormed the village in large numbers, wielding firearms, machetes, and petrol bombs. Local sources said the assault was carried out with a level of coordination that suggests a premeditated plan and, possibly, external support or internal sabotage.
One eyewitness told reporters that the attackers moved from house to house, shooting indiscriminately and setting buildings on fire. “People were screaming, begging for their lives, but the gunmen didn’t care. They set homes ablaze with people inside,” the witness said.
Despite these repeated atrocities, Amnesty noted that little to no progress has been made in bringing the perpetrators to justice. Communities remain vulnerable, with little protection from law enforcement or the military.
“The Nigerian authorities must immediately end the almost daily bloodshed in Benue state and bring the actual perpetrators to justice,” Amnesty’s statement read.
The human rights body called for an independent investigation into the Yelewata massacre and previous attacks in the region. It emphasized the need for transparency, justice for victims, and accountability for those who fail in their duty to protect the citizens.
The Benue State Government has yet to provide a full casualty figure or comment on the latest killings at the time of this report. However, community leaders and civil society organizations have continued to raise the alarm, urging both state and federal governments to act swiftly.
Security experts and analysts have long warned that the Nigerian government’s reactive approach to violence in the Middle Belt region is unsustainable. Without a proactive, intelligence-led strategy that addresses both immediate security concerns and the underlying issues—such as land use conflicts, displacement, and ethnic tensions—the violence is likely to escalate further.
Meanwhile, families in Yelewata are left to mourn their dead, search for the missing, and piece together what remains of their shattered lives. For them, justice seems like a distant hope in a nation where impunity has often been the rule rather than the exception.
Amnesty International’s renewed appeal places the spotlight once more on President Bola Tinubu’s administration and its commitment to ending insecurity in the country. As communities continue to count their dead, all eyes will be on Abuja—waiting to see if action will follow this time.
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Democracy in Decline: Peter Obi Slams Tinubu’s Two-Year Rule

Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has expressed deep concern over the state of democracy in Nigeria under President Bola Tinubu’s administration.
Obi made this assertion in a Democracy Day message titled “Democracy in Decline: Reflecting on Two Years of Tinubu’s Governance,” reacting to the President’s speech to a joint session of the National Assembly.
According to Obi, a comprehensive review of Tinubu’s two-year rule reveals significant shortcomings in governance and policy delivery.
“Democracy has been in recession since President Bola Tinubu took over power two years ago,” Obi stated, adding that the All Progressives Congress (APC)-led administration has performed poorly across various governance indices, including corruption, economic management, insecurity, and politics.
Obi lamented that Nigeria can no longer be classified as a democratic country, citing the absence of vital democratic indicators.
“Democracy is said to be ‘a government of the people, by the people, and for the people,’ yet none of these three measures exist in our democracy today,” he noted.
The Labour Party leader called on President Tinubu to emulate the example of late President Umaru Yar’Adua, who acknowledged the flaws in his election process and took steps to address them.
He also commended former President Goodluck Jonathan for accepting defeat before the announcement of the 2015 election results, describing it as a significant contribution to Nigeria’s nascent democracy.
Obi urged President Tinubu to prioritize domestic engagement over international trips, suggesting that the President should tour the 36 states of Nigeria instead of spending excessive time abroad.
“Governing by remote is not what Nigerians need, you need to go round and get firsthand,” Obi advised, noting that the President’s over 30 international trips in two years have not yielded the desired results.
The former governor emphasized the need to end the current era of impunity, state capture, and disregard for the rule of law, stressing that these issues are essential to the survival of Nigeria’s democracy.
“We must end this troubling governance era that is filled with impunity, state capture, and absolute disregard for the rule of law and the checks and balances required of any worthwhile democracy,” Obi declared.
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