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Elumelu Opens Up On Buhari’s Blockade, Oil Theft, And His Vision For Africa’s Growth

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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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Imo Ex-Lawmaker’s Son Irvin Ibejiako Called to Nigerian Bar

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Imo Ex-Lawmaker’s Son Irvin Ibejiako Called to Nigerian Bar

 

By Boniface Ihiasota

 

Irvin Ibejiako has been formally called to the Nigerian Bar, marking the successful completion of his legal training after years of academic and professional preparation.

 

Speaking after the ceremony in Abuja, the newly inducted lawyer described the occasion as the reward for years of hard work, discipline and perseverance.

 

“There were moments during this journey when the finish line felt very far away,” he said.

 

“The path from university lecture halls to the Nigerian Bar demanded sacrifices, long nights, discipline and resilience that often went unseen.”

 

He added that the achievement was not his alone but a reflection of the support he received from his family and well-wishers.

 

“Standing here today, I carry not only my own dreams but also the prayers, sacrifices and hopes of my parents, family and everyone who believed in me,” he said.

 

Ibejiako noted that being called to the Bar comes with a greater responsibility to uphold the rule of law and serve society.

 

“Being called to the Bar is a reminder that perseverance has a way of rewarding those who refuse to quit. I am grateful for the journey, humbled by the moment and excited for the responsibility that comes with wearing the wig and gown,” he added.

 

Irvin is the son of the Imo State Commissioner for Culture and Tourism and former member of the House of Representatives for Owerri Federal Constituency, Rt. Hon. Ernest Ibejiako.

 

Following the ceremony, family members, friends and associates held a reception in his honour at Icheku Gardens Villa in Owerri Municipal, where they celebrated his admission into the legal profession.

 

Guests at the event described the achievement as a source of pride for the Ibejiako family and the Owerri community, expressing confidence that the young lawyer would contribute meaningfully to the administration of justice in Nigeria.

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Uddy, Kylie celebrate colourful Igbo-American traditional wedding in California

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Uddy, Kylie celebrate colourful Igbo-American traditional wedding in California

 

Uddy Osuagwu and Kylie Bechtold have celebrated their traditional wedding in Concord, California, in a colourful ceremony that showcased the rich cultural heritage of the Igbo people alongside American family traditions.

 

The event, held at the Concord Center, brought together family members, friends and guests from different parts of the United States and beyond to witness the union of the couple in a celebration marked by culture, fashion and entertainment.

 

The wedding united the families of Chief Magzy and Lolo Ada Osuagwu and Mr. Scott and Mrs. Jodi Bechtold, symbolising a blend of Nigerian and American cultures.

 

Guests were treated to a vibrant display of Igbo traditional rites, with the couple adorned in elegant traditional attire, coral beads and isi agu regalia, while the ceremony featured music, dance and cultural performances.

 

Among the dignitaries in attendance was the Chairman of ABC Transport Plc, Mr. Frank Nneji, alongside business leaders, community elders and members of the Nigerian diaspora from across the United States.

 

The celebration also attracted well-wishers from Nigeria and other parts of the world, showcasing the couple’s extensive personal and professional connections.

 

Speaking during the event, family members described the marriage as a pointer to the power of love to transcend cultural and geographical boundaries.

 

The ceremony was covered by the United States-based Excel Magazine International crew led by its Publisher, Boniface Ihiasota, who documented the event for audiences across Africa, Europe and North America.

 

The colourful wedding featured traditional Igbo marriage rites, cultural displays and a reception that extended into the evening, with guests celebrating the couple’s new journey together.

 

The event has been widely described by attendees as one of the memorable diaspora traditional weddings of the season, spotlighting the enduring bond between Nigerian cultural heritage and global multicultural communities.

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MbaiseUSA DMV chapter hosts Ahiara bishop ahead of 2026 convention

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MbaiseUSA DMV chapter hosts Ahiara bishop ahead of 2026 convention

 

By Boniface Ihiasota, Washington DC

 

The President of the Mbaise Progressive Union Washington DC Metro Area Inc., Hon. Sir Goddy Ugbor, has hosted the Catholic Bishop of Ahiara Diocese, Rt. Rev. Simeon Okezuo Nwobi, at a private dinner in Bowie, Maryland, ahead of the bishop’s maiden episcopal visit to the Washington DC metropolitan area.

 

The dinner, held on July 11, 2026, at the residence of Ugbor and his wife, Dr. Lady Madonna Ugbor, brought together members of the clergy and community leaders as part of activities preceding the bishop’s public Mass at St. Matthias Catholic Church.

 

Ugbor, who also serves as the Host President of the MbaiseUSA Convention 2026, said the gathering underscored the Washington DC Metro chapter’s commitment to promoting unity, faith and service among Mbaise indigenes in the diaspora.

 

He described the bishop’s visit as significant for the Mbaise community in North America, noting that preparations had reached an advanced stage for the MbaiseUSA Convention scheduled to hold from July 22 to July 25 at the Baltimore Convention Center.

 

“The Bishop’s presence in our home was a blessing to our family and to the entire DMV community. We are honoured to welcome our shepherd as we prepare to host Ndi Mbaise from across the world this July,” Ugbor said.

 

Community leaders at the event described the dinner as an opportunity to strengthen relationships within the Mbaise community while discussing the role of faith and leadership in advancing development among members in the diaspora.

 

The bishop was accompanied by Rev. Fr. John Ekeocha, Rev. Fr. Leo Ugbor, Rev. Fr. Chris Opara and Rev. Sr. Judith.

 

The Washington DC Metro chapter is the official host chapter for the 2026 MbaiseUSA Convention, which organisers expect will attract more than 2,000 delegates from different parts of the world.

 

The dinner formed part of activities marking Bishop Nwobi’s visit and the countdown to the annual convention, which aims to foster cultural ties, community development and engagement among Mbaise people in the diaspora.

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