What the World Needs to Know About the Bob Oshodin Case
For readers unfamiliar with Nigeria's complex political landscape, the name Bob Oshodin may only appear in the context of corruption headlines. But a closer look reveals a very different story—one of a businessman ensnared in political retaliation, not financial fraud.
Oshodin's company was contracted to train former militants in the Niger Delta under a formal agreement with the Nigerian government. His work was thoroughly documented, reviewed by government officials, and positively assessed. Yet, following a change in government, he was accused of money laundering in what many legal experts now consider a baseless, politically motivated charge.
The Nigerian EFCC alleges that funds were misappropriated—but fails to mention that those same funds passed through some of the world's most regulated institutions: Citibank and Wells Fargo. No red flags were raised. The IRS taxed the transaction. The U.S. government refused to freeze his assets or comply with Nigeria's extradition request.
Instead of justice, the case has become a global embarrassment. For a decade, there has been no court hearing, no trial, no evidence submitted. Meanwhile, Bob Oshodin and his family have been harassed and vilified. His wife was unlawfully detained, denied medical access, and extorted for over ₦200 million—all without formal charges.
The international community must understand that not every corruption headline reflects guilt. In this case, it reflects political scapegoating, judicial paralysis, and a dangerous message to future investors: in Nigeria, justice may be less important than politics.
TIME BUSINESS NEWS
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
I couldn't build a future on my Nigerian teaching salary, now I earn triple in the U.S.
This as-told-to essay is based on a conversation with a successful teen coach and counselor based in Atlanta, U.S. Business Insider Africa has verified his professional background. The author shares his journey from teaching in Nigeria to becoming a successful teen coach and counselor in the U.S. He highlights the improved financial opportunities and infrastructure available in the U.S. that motivated his decision to stay. He emphasizes the importance of strategic planning for those considering emigration, particularly in fields like healthcare, tech, and education. When I first considered leaving Nigeria for the United States, I knew it wouldn't be a straightforward journey, especially with a degree from a Nigerian university. The shift into counseling stemmed from a passion for supporting immigrant and Black youth. Teaching in the US offered better financial opportunities and professional growth compared to Nigeria. While returning to Africa is considered, systemic challenges with credential recognition and mental health infrastructure remain. I studied Education and English at the University of Uyo, and while I was proud of my training and my years of teaching in Akwa Ibom, I also knew that the global job market wouldn't automatically see my degree the way I did. The first hurdle was evaluation. I had to get my transcript assessed by a credential evaluation agency here in the U.S., and even though it was eventually recognized as equivalent to a U.S. bachelor's degree, the process was both expensive and frustrating. Between gathering documents from my alma mater (with the usual delays), paying the evaluation fees, and navigating visa requirements, I can say that the emotional stress was as real as the financial cost. Coming to the U.S., what helped me was the discipline and patience I'd built over the years back in Nigeria. Classroom management is a universal language, and whether you're in Ikot Ekpene or Atlanta, children need structure, attention, and a sense of safety. Financial breakthrough Financially, the difference was almost like night and day. As a teacher in Nigeria, even with over a decade of experience, my salary could barely sustain a modest lifestyle. In the U.S., once I got certified, the starting salary was almost triple what I earned back home. Of course, the cost of living is higher, and bills pile up quickly here, but even with that, the opportunity to save, invest, and build credit made the move worthwhile. The salary was definitely a major factor in my decision to stay—it gave me the breathing room to support my family back home and plan long-term for my own children's future. Transitioning from teaching to counseling Transitioning into counseling came naturally. As a teacher, I always gravitated toward the emotional and psychological well-being of my students. I saw the need, especially among immigrant children and Black youth. I went back to school and acquired more training in counselling, which gave me greater leverage in advancing my career. Would I consider returning to Africa to work in a similar capacity? Yes, and no. Yes, because the need is great, especially in terms of mental health awareness and support systems for young people. But I know the reality—most African systems don't yet recognize U.S. counseling credentials without jumping through hoops. I'd likely need to do a local conversion program or pass certain licensure exams. Also, infrastructure and funding for such roles back home are still catching up. So, while I may consult or volunteer from time to time, I haven't fully committed to returning just yet. What intending migrants should know When it comes to African emigration, I have mixed feelings. On one hand, I believe it's a viable and often necessary route for personal and professional growth—especially when systems at home don't provide fair reward for talent or effort. But I also worry about brain drain and the slow decay of essential services in our countries when the best minds leave. My advice to those considering emigration is simple: come with a plan. Don't come on vibes. Evaluate your credentials, research your field, and have both short-term survival goals and long-term career goals. It's not easy, and it's not always rosy, but it can be worth it if you approach it with intention and discipline. In terms of qualifications that travel well, healthcare remains number one—nurses, doctors, physical therapists, and lab scientists are always in demand. Tech, of course, is booming—whether it's data science, cybersecurity, or software development. Education is also valuable, especially special education and STEM teaching roles. Looking back, I'd say it was definitely easier to move when I did. The immigration climate has become more restrictive, and visa approval is more uncertain now.
Yahoo
2 hours ago
- Yahoo
Wells Fargo Raises PT for Williams Companies (WMB), Keeps Overweight Rating
The Williams Companies, Inc. (NYSE:WMB) is one of the 10 Best Oil and Gas Stocks to Buy Now. On May 28, Wells Fargo raised its price target on The Williams Companies, Inc. (NYSE:WMB) from $64 to $67 but kept an 'Overweight' rating. The analysts highlighted the company's strong growth potential as the main reason for the increased price target. Wells Fargo suggests that The Williams Companies, Inc. (NYSE:WMB) is currently trading higher than its C-Corp peers, using a 2026 estimated EV/EBITDA multiple of 11.9x for WMB against 10.8x for its peers. WMB is trading at a premium and Wells Fargo analysts believe this premium is fair because of the company's superior growth prospects. A bird's-eye view of an oil & gas midstream platform in the Gulf of Mexico on a clear day. According to the analysts, The Williams Companies, Inc. (NYSE:WMB) can achieve an 11% compound annual growth rate (CAGR) in EBITDA over three years, which is much higher than the 6% median growth expected from its C-Corp peers. The analysis by Wells Fargo also indicates that if The Williams Companies, Inc. (NYSE:WMB) and its peer group traded at the same valuation multiple in three years, WMB should command a 1.5x premium over the current 1.1x. This change would mean about a 10% increase in WMB's stock price. Wells Fargo analysts further explained that The Williams Companies, Inc. (NYSE:WMB) is likely to keep growing at a strong rate even after three years. If this is true, the 1.5x premium could actually be a conservative estimate. The Williams Companies, Inc. (NYSE:WMB) is an American energy company that specializes in natural gas processing and transportation. The company also has some petroleum and electricity generation assets. While we acknowledge the potential of WMB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Sign in to access your portfolio
Yahoo
4 hours ago
- Yahoo
Wells Fargo Lifts PT on Intuit (INTU) Stock, Keeps Overweight
Intuit Inc. (NASDAQ:INTU) is one of the 10 software stocks analysts are upgrading. On June 13, Wells Fargo analyst Michael Turrin upped the company's price objective to $880 from $825, while keeping an 'Overweight' rating, as reported by The Fly. The firm believes that reduced economic uncertainties and a resurgence in typical purchasing patterns are expected to result in a recovery in the broader software sector during the latter part of the year. Intuit Inc. (NASDAQ:INTU) delivered a healthy Q3 2025 thanks to the outstanding tax season and continued momentum in its Global Business Solutions Group and Credit Karma. A professional tax preparer, using a laptop to complete an income tax return. During Q3 2025, Intuit Inc. (NASDAQ:INTU)'s Global Business Solutions Group revenue rose to $2.8 billion, reflecting a rise of 19%. Furthermore, the Online Ecosystem revenue increased to $2.1 billion, up by 20%. For the full fiscal year, Intuit Inc. (NASDAQ:INTU) expects TurboTax Live revenue to increase by 47% to $2.0 billion, representing ~40% of total Consumer Group revenue, while TurboTax Live units are expected to grow by 24%. TurboTax Online paying units are expected to grow ~6% due to share gains from higher average revenue per return (ARPR) filers, with ARPR likely to increase ~13% as more customers choose assisted offerings and faster access to refunds. Parnassus Investments, an investment management company, released the Q3 2024 investor letter. Here is what the fund said: 'Intuit Inc. (NASDAQ:INTU) shares fell despite the financial software company posting strong quarterly results. The company's pricing-dependent long-term guidance concerned investors. However, we continue to believe Intuit's customer growth and relevant platform will sustain its wide moat and long growth runway.' Intuit Inc. (NASDAQ:INTU) is a leading player in the broader software industry, as it is known for its financial and tax software products. While we acknowledge the potential of INTU to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INTU and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
