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Osun APC Primary: Aregbesola, Oyetola Intensify Candidature Battle 

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All Progressive Congress (APC)

Ahead of the primary election of the All Progressives Congress (APC) in Osun State, attention has been drawn from far and near as to who would emerge as the party’s flag bearer.

The incumbent governor, Adegboyega Oyetola has been consistently despised and disapproved by his predecessor and Minister for Interior, Rauf Aregbesola.

Aregbesola’s public show of his disapproval of Oyetola and endorsement of a former Secretary to the State Government, Moshood Adeoti made the enmity more glaring.

Aregbesola has described the incumbent governor whom he canvassed for in 2018 as a traitor, an ingrate and a wicked soul. 

Expressing dissatisfaction with Oyetola’s administration, Aregbesola stated that  since he (Oyetola) assumed office, “he has waged war against me like I once harmed him. He claimed that I don’t want him to emerge as governor, but now he is the governor, what else does he want.”

Digging deeper into what transpired between them, Aregbesola noted that he pleaded with him for two years not to fight with him and destroy the legacies they both built for eight years.

“I told him that people must not mock us. I told him that he is heading towards destruction. I served this state with the whole of my heart, I also served well so that Oyetola can succeed me in office. But as he assumed office, he said I am his enemy. Those that contested against him during our party primary he pulled them closer while he fought me,” Aregbesola lamented.

The Minister for Interior, publicly declaring Adeoti as his preferred candidate described him as an eminent grassroot politician who should be supported and voted for. He averred that the incumbent governor would be shown out after the governorship poll in July, 2022.

The two factions in the Osun State, All Progressives Congress had continued to trade words and involve in hooliganism. 

Aregbesola’s camp, The Osun Progressives, (TOP) and Oyetola’s group, Ileri-Oluwa Movement had consistently accused each other of attacks. 

The attack on TOP’s building, Oranmiyan House by political thugs raised eyebrows as the government circle was accused. A night before the election, a state government was attacked with occupants. The serial attacks and sporadic gunshots in Osogbo, Ife, Ilesa, Ikirun and other parts of the state turned up tension as observers sued for peace and unity.

Responding to Aregbesola’s Confrontation, the Governor Oyetola’s Chief Press Secretary, Ismail Omipidan stated that the Minister for Inferior is not God and therefore, cannot determine the fate of his principal.

Oyetola’s aide averred that his principal has absolute faith in God and the people of Osun. “In these last three years plus, the people can tell the difference in terms of responsible and responsive governance and politics.

“The general belief among most Africans that ‘a man’s life is preordained and ruled by God’ has continued to play out in the political trajectory of Governor Adegboyega Oyetola of Osun.”

However, during the stakeholders meeting held on Friday at the state party Secretariat in Osogbo, the state capital, the primary election committee promised to ensure a free, fair, credible and acceptable poll.

The 7-man Committee chaired by the Governor of Kwara State, Abdul-Rasak AbdulRahman, assured the aspirants that the committee is fully prepared to maintain peace, charging members of the party to conduct themselves peacefully.

AbdulRahman pledged to ensure justice in the entire process as he assured that no member of the party would be unjustly disenfranchised guaranteeing a hitch-free process.

The three party ticket contenders– Former deputy speaker of the House of Representatives, Hon. Lasun Yusuff; former Secretary to the state government, Moshood Adeoti and the incumbent governor of the state, Adegboyega Oyetola were present at the stakeholders meeting.

The candidates expressed readiness for the polls and willingness to abide by the conduct of the committee.

Aregbesola’s candidate, Adeoti had earlier decried the inaccessibility of his caucus to the party’s membership register which the committee responded that it will be provided by the party.

Meanwhile, Governor Oyetola, in his remarks said that the election is “purely a family affair and I believe that, with the caliber of people here, we are going to have a free, fair and credible election.”

“Osun is known for peace and we are the most peaceful State. It is an exercise that is not new to us and I want to assure you that we are going to have peace. I want to implore the members to allow peace. This is not a do-or-die affair.”

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Ukraine Strikes Russian Fuel Depot, Sparking Fires in Belgorod Region

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Russian Mercenaries

The governor of Russia’s southern Belgorod region said on Sunday Ukrainian forces attacked a fuel depot, triggering a series of fires after Moscow and Kyiv accused each other of launching overnight attacks on border regions.

“The Ukrainian military, aided by lethal drones, attacked a fuel storage site in Volokonovsky district,” Vyacheslav Gladkov wrote on Telegram, referring to an area near the border.

“Several reservoirs caught fire in an explosion. Firefighting crews are putting out the blaze.”

Gladkov also reported drone attacks on three other localities. There were no casualties reported in the incidents.

In the overnight air attacks, Ukrainian officials said two people died and four were injured in Sumy region. Gladkov reported three civilians were injured in Belgorod.

Two children were among those injured in Sumy, the military administration of the northeastern Ukrainian region said on Sunday on Telegram. Several homes and cars were damaged.

In Belgorod region, three civilians, including two children, were injured. Gladkov said two residential buildings were destroyed and more than 15 buildings in total were damaged.

The Russian defence ministry said it had destroyed one drone over Belgorod region and another over Kursk region, where Ukrainian forces launched a cross-border incursion last month. It said two drones were intercepted over Belgorod overnight.

Border regions on both sides have been subject to frequent attacks. Both Moscow and Kyiv deny targeting civilians, saying the attacks are aimed at destroying each other’s infrastructure critical to war efforts.

Thousands of civilians have died in the war, which Russia started with a full-scale invasion on Ukraine in February 2022. Millions of Ukrainians have also been displaced, while their cities and villages have become piles of rubble

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Ghana Ordered to Pay $111.5M to Power Company After U.S. Court Ruling

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ghana

The government of Ghana has been ordered to pay $111.5 million to Ghana Power Generation Company (GPGC) following a ruling by a District of Columbia Court in the United States.

This ruling was granted in favor of GPGC after Ghana failed to respond to an earlier tribunal ruling from the United Kingdom, which found the country in breach of a power purchase agreement.

The court’s decision comes after Ghana terminated its contract with GPGC on February 18, 2018. The UK tribunal, in its final award dated January 26, 2021, found that Ghana had violated its contractual obligations, resulting in significant financial damages for GPGC.

The tribunal initially awarded GPGC $134.3 million in damages, calculated using the Early Termination Payment formula as specified in the purchase agreement.

Ghana, however, did not comply with the tribunal’s verdict, prompting GPGC to pursue the matter in U.S. courts. On January 19, 2024, GPGC filed a lawsuit in the District of Columbia, citing the Federal Arbitration Act and the New York Convention, which provides for the recognition of international arbitration awards.

Court documents reveal that the petition was formally delivered to Ghana’s Ministry of Foreign Affairs and Regional Integration on January 23, 2024.

Despite receiving the legal documents, Ghana failed to respond to the court proceedings by the March 29, 2024, deadline. This non-response led the U.S. court to grant a default judgment in favor of GPGC.

Chief Judge James E. Boasberg emphasized that the arbitral judgment fell under the New York Convention, which requires member states, including the United States, to recognize and enforce international arbitration awards.

He further noted that Ghana had voluntarily submitted to international arbitration when entering the power purchase agreement, waiving its sovereign immunity in the process.

Although GPGC was not awarded pre-judgment interest, Ghana will be obligated to pay post-judgment interest at rates set by U.S. law.

This adds an additional financial burden to the $111.5 million judgment as the payment accrues further interest over time.

The country narrowly avoided a separate $11 billion arbitration award in the infamous P&ID case, which was eventually overturned due to findings of corruption and bribery.

However, in the GPGC case, multiple European courts have upheld enforcement orders, leaving Ghana with limited legal recourse.

The court’s decision is expected to place added pressure on Ghana as it faces mounting financial obligations related to international arbitration disputes.

GPGC has indicated that it will pursue all available legal avenues to ensure full recovery of the damages awarded by the tribunal, including possible enforcement actions in other jurisdictions.

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Zhongshang Fucheng Moves to Auction Nigerian Properties in UK Following $70M Arbitration Award

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Bola Tinubu

Zhongshang Fucheng Industrial Investment Ltd has escalated its efforts to collect a $70 million arbitration award from Nigeria by putting two residential properties in Liverpool up for sale.

This significant development follows a 2021 arbitration verdict against Nigeria, which remains unsettled.

The Chinese investment group has reportedly listed two buildings linked to the Nigerian government—15 Aigburth Hall Road and Beech Lodge, 49 Calderstones Road—on the global online marketplace eBay.

The move is part of a broader strategy to recover the outstanding $70 million, which includes a principal amount of $55,675,000, plus interest and legal costs, as stipulated by the arbitration verdict.

The arbitration stemmed from a dispute between Zhongshang Fucheng and Ogun State over a trade treaty violation.

The company claimed that Ogun State rescinded its rights to a free trade zone in 2016, prompting a legal battle that saw Zhongshang’s executives expelled from Nigeria.

The British court granted Zhongshang the authority to seize Nigerian assets in the UK after the Nigerian government failed to settle the arbitration judgment.

The seizure and subsequent auction of these properties mark a pivotal moment in the ongoing legal conflict.

The properties were confiscated because they were not classified as diplomatic or consular assets, making them subject to seizure under the court’s orders.

According to sources familiar with the situation, the properties are valued at approximately $2.2 million.

Zhongshang Fucheng has opted for an online auction to expedite the sale, aiming to reach a broad pool of potential buyers.

The decision to use eBay highlights the company’s commitment to transparency and swift asset recovery.

“This move is not just about recovering the funds; it’s a demonstration of our commitment to enforcing the arbitration award and ensuring that due process is followed,” said a consultant working with Zhongshang Fucheng, who spoke on condition of anonymity.

The Nigerian government, already grappling with similar arbitration cases, is facing increased scrutiny as European courts have granted enforcement orders in several countries, including the UK, Belgium, and France.

The ongoing conflict with Zhongshang Fucheng has intensified pressure on Nigerian authorities to address these legal and financial challenges more effectively.

In June 2024, the UK High Court, King’s Bench Division, ruled in favor of Zhongshang’s right to seize the Liverpool properties.

Master Lisa Sullivan’s ruling emphasized that the properties were used for commercial purposes, thereby excluding them from sovereign immunity protections.

The case against Nigeria underscores broader issues related to international arbitration and asset recovery, reflecting a growing trend of global legal disputes over state assets.

For Zhongshang Fucheng, the auction of the Liverpool properties represents a critical step in securing the funds awarded by the arbitration panel.

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