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APC convention remains historic turning point for Nigeria’s democracy – Masari NewsDiaryOnline
By Emmanuel Oloniruha/ Emmanuel Mogbede
Alhaji Bello Masari, the Chairman, National Convention Coordination Committee for the All Progressives Congress (APC), has described the party’s Eighth National Convention as a “solemn assembly” and historic turning point for Nigeria’s democracy.
Masari, a former Speaker of House of Representatives and former Governor of Katsina State, said this on Friday at the official opening of the national convention, organised by the APC in Abuja.
According to him, the gathering transcends routine political activity, serving instead as a platform to reaffirm the party’s founding values of progress, justice, and unity.
“This convention is not a routine jugglery; it is a solemn assembly, a historic moment, and a powerful reminder of the strength of our democracy.
“It is here that we will affirm our values, renew our commitments, and chart the path for our party and our country,” Masari said.
The chairman reminded the party’s delegates that the APC was built on conviction and sustained by the sacrifices of millions of Nigerians.
He noted that under President Bola Tinubu’s leadership, the party was undergoing a period of “consequential reform.”
Masari stressed that the responsibility of electing new leaders carried immense weight for the nation’s future.
“We are reminded—we remind ourselves—that leadership is not about privilege; it is about service. It is not about titles; it is about trust.
“It is not about power; it is about responsibility,” he said.
He urged the delegates to conduct themselves with dignity, fairness, and discipline, adding that the integrity of the process is imperative to the outcome of the convention.
While acknowledging the national hurdles of insecurity, economic pressures, and social divisions, Masari expressed confidence in the party’s ability to lead Nigeria toward a more prosperous era.
“Let us be clear—these challenges are not insurmountable. They are opportunities to prove our resilience, to demonstrate our unity, and to affirm our commitment to building a Nigeria that is stronger and fairer,” he said.
Masari expressed gratitude to the President and the party leadership for the trust reposed in the Planning Committee.
He specifically commended the National Convention Coordination Committee for its tireless work, sacrifices, and diligence.”
He assured all aspirants and supporters that the elective process would be beyond reproach.
“As chairman of this convention, I assure you that every process will be guided by transparency, fairness, and respect for the will of the people.
“Together, we will emerge stronger and more prepared to lead Nigeria into a new era of progress,” Masari said.(NAN)
BY NKECHI NAECHE-ESEZOBOR—The Securities and Exchange Commission (SEC) has directed an immediate halt to all marketing and promotional activities relating to a purported Initial Public Offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE, warning investors that the offer has neither been filed with nor approved by the regulator.
In a public notice issued on Tuesday, the Commission said it had become aware of advertisements, digital campaigns, flyers, and targeted emails circulating across social media and investment platforms promoting an alleged public share offering by the refinery.
According to the SEC, no application for the registration of an IPO or any public offer of shares by Dangote Refinery has been submitted to or cleared by the Commission.
The regulator expressed concern over reports that some Registered Capital Market Operators (CMOs) were actively soliciting subscriptions and collecting investor commitments for the purported offer.
It described the activities as misleading and capable of creating false market expectations, information asymmetry, and risks to the integrity of Nigeria’s capital market.
The Commission noted that invitations encouraging investors to create accounts, pre-fund subscriptions, or secure guaranteed share allocations amounted to market manipulation and constituted serious violations of the Investments and Securities Act.
Consequently, the SEC directed all registered market operators, including stockbrokers and digital investment platforms, to immediately cease the publication, distribution, or promotion of any materials related to the alleged offering.
The regulator also ordered operators to remove all unauthorized promotional content from websites, social media platforms, and messaging channels within 24 hours of the notice.
In addition, the Commission instructed operators to stop accepting deposits, account openings, expressions of interest, or any form of commitment linked to the purported IPO. Any funds already collected from investors in connection with the offering must be refunded within 24 hours.
The SEC warned that failure to comply with the directive would attract sanctions under the Investments and Securities Act, 2025, and the Commission’s Rules and Regulations.
The regulator advised investors to exercise caution and rely solely on official communications issued through SEC-approved channels when considering investment opportunities.
It further urged members of the public to disregard high-pressure marketing tactics and requests for fund transfers tied to any “pre-IPO” placement, stressing that such activities have not received regulatory approval.
The Commission assured investors that should Dangote Refinery eventually submit and obtain approval for a public offering, an official prospectus would be released in accordance with the provisions of the Investments and Securities Act, 2025.
The post SEC Halts Promotion of Unapproved Dangote Refinery IPO, Warns Investors appeared first on Business Today NG.
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