LAGOS: Nigeria’s former President Muhammadu Buhari, who led Africa’s most populous country from 2015-23 and was the first Nigerian president to oust an incumbent through the ballot box, died in London on Sunday, a presidential spokesperson said.
“President Buhari died today in London at about 4:30 p.m. (1530 GMT), following a prolonged illness,” President Bola Tinubu’s spokesperson said in a post on X.
Buhari, 82, who first led the country as a military ruler after a coup in the 1980s, earned a devoted following for his brand of anti-corruption conviction politics.
He referred to himself as a “converted democrat” and swapped his military uniform for kaftans and prayer caps.
“I belong to everybody and I belong to nobody,” was a constant refrain Buhari told supporters and critics alike.
Buhari defeated Goodluck Jonathan in 2015 in what was judged to be Nigeria’s fairest election to date. Many hoped the retired major general would crack down on armed groups, just as he had as the country’s military head of state.
Instead, violence that had mostly been confined to the northeast spread. That left swathes of Nigeria outside the control of its stretched security forces as gunmen in the northwest, armed separatists and gangs in the southeast roamed unchecked.
Much of his appeal lay in the anti-corruption ethos that was a central plank of his agenda both as a military and civilian ruler. He said endemic corruption in Nigeria’s political culture was holding people back.
“Baba Go Slow”
But Buhari quickly disappointed after his 2015 win.
He took six months to name his cabinet. During that time, the oil-dependent economy was hobbled by low crude prices, prompting people to call him “Baba Go Slow.”
His second victory in 2019 came despite his first term being blighted by Nigeria’s first recession in a generation, militant attacks on oilfields, and repeated hospital stays.
Born on December 17, 1942, in Daura in the northwestern state of Katsina state, Buhari enrolled in the army at 19. He would eventually rise to the rank of major-general.
He seized power in 1983 as a military ruler, promising to revitalize a mismanaged country. Buhari took a tough line on everything from the conditions sought by the International Monetary Fund to unruliness in bus queues.
In 1984, his administration attempted to kidnap a former minister and vocal critic living in Britain. The plot failed when London airport officials opened the crate containing the abducted politician.
His first stint in power was short-lived. He was removed after only 18 months by another military officer, Ibrahim Babangida.
Buhari spent much of the following 30 years in fringe political parties and trying to run for president until his eventual victory over Jonathan in 2015.
Nigeria’s former President Muhammadu Buhari dies in London
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Nigeria’s former President Muhammadu Buhari dies in London
- Buhari, 82, who first led the country as a military ruler after a coup in the 1980s, earned a devoted following for his brand of anti-corruption conviction politics
US allows oil majors to broadly operate in Venezuela, new energy investments
- Treasury Department issues general license allowing Chevron, BP, Eni, Shell and Repsol to operate oil and gas operations in Venezuela
- Move is the most significant relaxation of sanctions on Venezuela since US forces captured and removed President Nicolas Maduro
WASHINGTON: The US eased sanctions on Venezuela’s energy sector on Friday, issuing two general licenses that allow global energy companies to operate oil and gas projects in the OPEC member and for other companies to negotiate contracts to bring in fresh investments. The move was the most significant relaxation of sanctions on Venezuela since US forces captured and removed President Nicolas Maduro last month.
The Treasury Department’s Office of Foreign Assets Control issued a general license allowing Chevron, BP, Eni, Shell and Repsol to operate oil and gas operations in Venezuela. Those companies still have offices in the country and stakes in projects, and are among the main partners of state-run company PDVSA.
The authorization for the oil majors’ operations requires payments for royalties and Venezuelan taxes to go through the US-controlled Foreign Government Deposit Fund.
The other license allows companies around the world to enter contracts with PDVSA for new investments in Venezuelan oil and gas. The contracts are contingent on separate permits from OFAC.
The authorization does not allow transactions with companies in Russia, Iran, or China or entities owned or controlled by joint ventures with people in those countries.
The licenses “invite American and other aligned companies to play a constructive role in supporting economic recovery and responsible investment, ” the US State Department said in a release. Additional authorizations may be issued “as necessary,” it said.
A spokesperson for Chevron, the only US oil firm currently operating in Venezuela, said the company welcomed the new licenses.
“The new General Licenses, coupled with recent changes in Venezuela’s Hydrocarbons Law, are important steps toward enabling the further development of Venezuela’s resources for its people and for advancing regional energy security,” the spokesperson said in a statement.
Eni said it is assessing the opportunities in Venezuela that the authorization opens up.
Oil law reform
The US licenses follow a sweeping reform of Venezuela’s main oil law approved last month, which grants autonomy for foreign oil and gas producers to operate, export and cash sale proceeds under existing joint ventures with PDVSA or through a new production-sharing contract model.
The US has had sanctions on Venezuela since 2019 when President Donald Trump imposed them during his first administration. Trump is now seeking $100 billion in investments by energy companies in Venezuela’s oil and gas sector. US Energy Secretary Chris Wright said on Thursday, during his second day of a trip to Venezuela, that oil sales from the country since Maduro’s capture have hit $1 billion and would hit another $5 billion in months.
Wright said the US will control the proceeds from the sales until Venezuela stands up a “representative government.” Since last month, the Treasury issued several other general licenses to facilitate oil exports, storage, imports and sales from Venezuela. It also authorized the provision of US goods, technology, software or services for the exploration, development or production of oil and gas in Venezuela.
The Venezuelan government expropriated assets of Exxon Mobil and ConocoPhillips in 2007 under then-President Hugo Chavez. The Trump administration is trying to get those companies to invest in Venezuela as well. At a meeting at the White House with Trump last month, Exxon Mobil CEO Darren Woods said Venezuela was “uninvestable” at the moment.
Wright said on Thursday that Exxon, which no longer has an office in Venezuela, is in talks with the government there and gathering data about the oil sector. Exxon did not immediately comment.
