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2027 presidency: Umahi under fire over ‘not Igbo turn’ comment

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Former Governor of Ebonyi State and current Minister of Works, David Umahi, has come under heavy criticism for his recent comment that it is not yet the turn of the Igbo to produce the president of Nigeria.

Umahi’s critics are not just angry that he said it is not yet the turn of the Igbo, but for saying it is President Bola Tinubu’s turn.

Those opposed to his statememt are of the view that the presidency rotates between the North and the South geopolitical zones of the country, and not among individuals.

Umahi, in a bid to hit back at former Anambra State governor and Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, for daring to challenge President Tinubu in the 2027 presidential election, declared that “it’s not the turn of the Igbo yet to produce Nigeria’s president.”

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He made the remarks in Benin on Thursday while speaking about the Federal Government’s ongoing road interventions and defending Tinubu’s administration against mounting criticism.

Taking a swipe at Obi, the minister said he was prompted to examine the former Anambra governor’s record after hearing that he was not Obi’s match.

He said: “When that guy said that Peter Obi is not my match, it took me 10 minutes to think about it.”

He questioned the criteria for such a statement, wondering whether Obi had a stronger family background, intellectual credentials or record of service to the South-East.

“Is it about what we have done for the people of the South-East? Is it about what we did when we were governors? So, when you say he’s not my match, put it side by side and tell me in what way Obi is better than me,” he said.

The minister also rejected what he described as attempts to portray the Tinubu administration negatively, arguing that the Federal Government’s infrastructure projects were benefiting communities across the country.

He then turned to the question of the South-East’s long-standing aspiration to produce Nigeria’s president, saying, “What we are saying is that it’s not the turn of the Igbo yet.”

He stressed that the South-East would eventually have its opportunity to produce the president, but the current political moment belongs to Tinubu.

“I want to be president, but it’s not yet our turn. It’s the turn of President Bola Tinubu,” he said.

The minister added that political opportunities would eventually come for the South-East, saying, “When it is our turn, at the time of God, He makes all things beautiful.”

He further urged supporters of the Tinubu administration to defend what he described as the president’s achievements in the South-South, South-East and other parts of the country.

“We are saying that the president has done very well. In South-South, in South-East and in the entire geopolitical zone, he deserves continuity, he deserves support,” the minister said.

However, netizens have not spared Umahi over the statement, as they have continued to lampoon him.

There are those who believe that Umahi was not being sincere with himself but was only trying to please his master and find favour in his sight.

One of the leading voices on this side of the divide is a public affairs analyst, Adedayo Oluwatosin.

He described Umahi as a man who is doing everything possible to be in Tinubu’s good books, even if that affects his people.

“I call what Umahi is doing selfishness. He is not happy that Obi is more popular than him. Didn’t you hear what he said? He said he would want to be president, but it is not the Igbo’s turn yet, rather Tinubu’s turn. He is scheming to position himself, maybe, for the position of vice president in 2031.

“Otherwise, how can anybody say it is not the Igbo’s turn yet? Power rotates between the North and the South. When you talk about the South, Obasanjo (South-West) has been president for eight years, and Goodluck Jonathan (South-South) has been president for five years.

“It is only the Igbo (South-East) that has not produced a president. That was why most Nigerians voted for Obi in 2023, apart from the fact that he was the best candidate then.

“Today, he still remains the best candidate in terms of integrity, capacity and competence. And he still remains the candidate from the zone that has not produced the president of this country since 1999, when this Fourth Republic began. So, when Umahi said it is not the turn of the Igbo yet, one may want to ask him when it will be the Igbo’s turn.

“Is it when power moves back to the North in 2031? So, that statement is full of deceit and jealousy,” he stated.

He also tackled Umahi in his contest about not being Obi’s match, saying, “Did Umahi think that he is Obi’s match? Does he need anybody to tell him that they are poles apart? In 1996, Obi bought a property worth one million pounds in the United Kingdom, three years before Nigeria’s return to democracy in 1999 and almost 10 years before he ventured into politics as Anambra State governor.

“Where was Umahi in 1996? Obi became wealthy through his personal sweat. Umahi became wealthy through politics. If not for politics, can he be in the same gathering with Obi? So, there is no comparison between the two, actually.”

There are others who believe that Umahi, just like the Anambra State Governor, Chukwuma Soludo, is fighting for stomach infrastructure, and that he is also driven by jealousy.

One of those pushing this narrative is a Lagos businessman, Chidozie Okafor.

He argued that Umahi and his co-travellers are people who can’t survive outside politics and government patronage, so they would do everything possible to remain relevant and keep their jobs.

“In Nigeria, there is nobody who doesn’t know that it is the turn of the Igbo to produce the next president in 2023. Obi presented himself for the job and Nigerians loved him and voted massively for him, but his mandate was stolen by the electoral umpire.

“Now, that window is still open till the next four years, and Nigerians are saying that this time, we must vote for Obi and ensure that we guard our votes so that nobody will steal it again, and somebody like Umahi is crying wolf.

“Umahi’s argument can only make sense to people like him; people who are envious of Obi’s rising profile. But there is nothing he can do because Nigerians have decided that on January 16, 2027, they will vote for Obi.

“Their decision is hinged on the fact that, first, it is the turn of the Igbo and, secondly, he is the most competent of all the candidates.

“So, leave Umahi to his own opinion; it is his right, but we all know where he is coming from, just that this time, such a trick will not work. It is too late in the day.

“Even the North has agreed that the Igbo should be given the opportunity since every other zone in Nigeria has tried its best and Nigeria is still not working.

“Let an Igbo man try and see if things can improve,” he said.

He also reacted to Umahi’s anger over somebody’s comparison of him and Obi.

He said: “As for whether Umahi is Obi’s match, that is not in contention. He is not Obi’s match at all. He wanted to know the criteria. I won’t say it here because some people may accuse me of committing libel, but the minister should just know that the difference between him and Obi is like darkness and light. He represents darkness while Obi represents light, and I am sure he knows that darkness is no match for light.”

Also reacting, a Lagos lawyer, Marcellus Onah, compared the attacks on Obi to the darkest part of the night, which is nearest to the dawn.

He said the attacks on Obi from different quarters are a testament to his growing popularity across Nigeria.

He stressed that Umahi’s opinion is infinitesimal and doesn’t hold any water because even the most vehement critics of a president of Igbo extraction, the North, have come to the realisation that it is the turn of the Igbo and have decided to support the cause.

“So, forget about Umahi and his co-conspirators. He doesn’t know that the train has left him. I pray that he will be alive to see Obi contest the 2027 presidential election, win and be sworn in.

“No amount of lies, character assassination, mudslinging or jealousy can change what God has ordained,” he said.

For James Okoye, it is unfortunate that while Nigerians from the North, South-South and even South-West are staking their lives for Obi, his own brothers from the South-East are the ones doing everything possible to pull him down.

“But I have a message for Umahi and his co-conspirators – Nigerians have found succour in Obi, and there is nothing he and his likes can do to stop that. Obi’s record is what is speaking for him.

“Here is a man whom all the anti-graft agencies have scrutinised from head to toe without anything to hold him down. No politician in Nigeria has such a record. That is the man Umahi is challenging those who said he is not his match to show him the reasons.

“Can Umahi honestly subject himself to the anti-graft agencies’ scrutiny of his tenure as Ebonyi governor? He can’t because if he does, a can of worms will be unravelled. That’s just his tenure as governor, not to talk of his tenure as deputy governor, state chairman of the Peoples Democratic Party (PDP) or his current position as minister.

“So, he should just allow the sleeping dog to lie peacefully and let Nigerians continue to love Obi until he becomes president in 2027,” he stated.

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Access Holdings mulls exit from foreign subsidiary to meet CBN rule – Report

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Access Holdings is considering exiting at least one market outside its base in Nigeria to comply with a Central Bank of Nigeria (CBN) rule requiring lenders to limit investment in foreign subsidiaries to no more than one-tenth of shareholders’ funds.

The banking group mentioned one business in which it plans to offload its stake to meet the requirement, Bloomberg reported on Monday, citing Chairman Aigboje Aig-Imoukhuede.

“If a subsidiary cannot meet its cost of capital and the strategic objectives for which it is set up, you should be ready to take a decision to exit,” Mr Aig-Imoukhuede was quoted as saying at an African Financial Industry Summit in Luanda, Angola, last week.

“Do we have one or two troublesome subsidiaries? I can think of one.”

Investment in subsidiaries for Nigeria’s biggest bank by assets stood at N446.6 billion at the end of September, equivalent to 19.3 per cent of its equity, according to Access Holdings’ 9M 2026 Investor Presentation.

That was roughly double the 10 per cent ceiling permitted by the Banks and Other Financial Institutions Act (BOFIA) 2020.

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Only in cases of regulatory approval for a higher threshold from the CBN are lenders allowed to exceed that limit, the Act says.

The banking industry watchdog has given Access Holdings 12 months to address the issue.

The potential exit is part of the financial institution’s move to review its international operations to comply with the directive.

In June, Access Bank’s chief executive, Roosevelt Ogbonna, said the lender would reduce its shareholding in some of its foreign subsidiaries to achieve compliance.

According to Innocent Ike, CEO of Access Holdings, the lender will explore three strategies towards that end.

The options include recalling surplus capital from overseas subsidiaries, offloading minority stakes and restructuring some businesses, he said.

He added that the group has already completed one capital repatriation exercise involving its six targeted subsidiaries, and is engaging regulators in five countries to facilitate the return of excess capital to Nigeria.

Access Holdings plans to meet the regulatory requirement ahead of the March 2027 deadline, Mr Ike stated.

READ ALSO: Access Holdings’ nine-month profit jumps 6% to N474.2 billion

“We gave ourselves up till January next year, and I think we’re completing this ahead of schedule,” said Mr Aig-Imoukhuede.

The Access Holdings’ chairman said the group’s international portfolio remains fundamentally strong despite plans to sell interests in some international subsidiaries.

He noted that the group would continue to review the performance of its subsidiaries to ensure they generate sustainable returns and remain aligned with the strategic objectives for which they were established.

“You have to do dynamic portfolio management. Every year, you’re looking for ways to improve,” he said.

Access Bank sold its 97 per cent stake in its loss-making Ivorian subsidiary to Cameroon’s Afriland First Group SA for $1 million in January 2014, after the CBN restricted parent-bank capital for foreign subsidiaries.


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Nigeria’s ntel wins international MVNO pitch competition in Spain – Technology Times

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ntel emerged winner of The Hunt: Searching for the Next Great MVNO, a Shark Tank-style competition held on November 4, 2026, during the November 3–5 telecoms industry event.

The competition featured aspiring and recently launched MVNO businesses, each given five minutes to present their products and business propositions to a panel of industry judges.

Representing ntel, Kingsley Uwazie, the company’s Chief Technology Officer, presented its Next Frontier relaunch, outlining its approach to connectivity, digital innovation and opportunities in the evolving global telecommunications market.

The company’s victory was announced at the MVNO Nation Awards, marking an international recognition milestone for the Nigerian telecommunications operator as it pursues a new phase of business development.

A central element of ntel’s presentation was WakaGo, its global travel eSIM offering, which reflects the company’s ambition to expand beyond conventional mobile services into digital connectivity solutions for international travellers.

An embedded SIM (eSIM) enables compatible devices to connect to mobile networks without requiring users to insert a physical SIM card. The technology is increasingly relevant to international travellers seeking mobile connectivity across different countries without relying exclusively on conventional roaming arrangements.

Through WakaGo, ntel is positioning itself to participate in the expanding market for travel connectivity services, where eSIM-enabled products offer customers access to mobile networks across international destinations.

The offering forms part of the company’s broader Next Frontier strategy, which seeks to redefine its approach to connectivity and digital services.

The recognition comes as the mobile virtual network operator market attracts growing attention from telecommunications companies and businesses seeking alternative ways to deliver mobile services.

Unlike traditional mobile network operators, MVNOs provide mobile connectivity under their own brands, typically relying on network infrastructure and wholesale capacity supplied by licensed network operators. The model allows businesses to develop differentiated services, target specific customer segments and explore digital-first approaches without necessarily owning the underlying radio access infrastructure.

Uwazie’s presentation at the European event provided ntel with an opportunity to showcase its technology direction to telecommunications executives, industry professionals and other participants in the international MVNO ecosystem.

The competition victory also gives the company’s Next Frontier proposition exposure to a wider international audience, as ntel explores opportunities in digital connectivity and emerging mobile service models.

For Nigeria’s telecommunications industry, the recognition places an indigenous operator among participants attracting attention within the international MVNO ecosystem, highlighting opportunities for Nigerian telecommunications businesses to develop services for markets extending beyond conventional domestic mobile connectivity.

ntel said its participation at MVNO Nation Europe reflects its commitment to engaging with the global telecommunications industry and exploring opportunities to strengthen its position in an increasingly competitive connectivity market.

The company is seeking to build on the international recognition as it advances its Next Frontier ambitions, with digital innovation and alternative connectivity services forming part of its business direction.

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