
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
Yahoo
35 minutes ago
- Yahoo
Wells Fargo Sees Fundamentals Improving for Sweetgreen, Inc. (SG) in H2 FY25; Gives It an ‘Overweight' Rating
Sweetgreen, Inc. (NYSE:SG) remains one of the . A lab technician analyzing natural food protection ingredients to ensure quality products. Wells Fargo has expressed its expectation that Sweetgreen, Inc.'s (NYSE:SG) fundamentals will improve in the second half of 2025. The analyst supports this expectation with faster throughput, operational improvements, high-teens unit growth, and over 40% cash-on-cash returns. As such, Wells Fargo has initiated coverage of Sweetgreen, Inc. (NYSE:SG) with an 'Overweight' rating and a $19 price target on June 17, 2025. Thus, the analyst thinks that the company is poised for strong expansion in the near future, making it one of the best future food stocks. Sweetgreen, Inc. (NYSE:SG) runs several fast-food restaurants with a mission to build healthier communities by providing people with healthy food. It does so by developing a transparent supply chain, investing in local farmers and growers. While we acknowledge the potential of SG 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: and 10 Low Risk High Reward Stocks Set to Triple by 2030. Disclosure: None.
Yahoo
36 minutes ago
- Yahoo
Wells Fargo Lowers PT for General Mills, Inc. (GIS) Amid Weak Consumer Demand
General Mills, Inc. (NYSE:GIS) is among the . A filled shopping cart with popular food and beverage items. Wells Fargo lowered the price target on the company's stock from $61 to $55 on June 16, 2025, maintaining an 'Equal Weight' rating. The analyst attributed it to short-term headwinds such as ongoing pressures from weak consumer confidence and challenges within its snacks and Pet food segment. Meanwhile, General Mills, Inc. (NYSE:GIS) is striving to bring strong innovation and marketing for its key food brands. It plans to spend $100 million on operational improvements to fuel its future expansion. GIS is one of the best future food stocks. General Mills, Inc. (NYSE:GIS) manufactures and sells a range of branded consumer foods across the globe, with a strong focus on health-conscious options. While we acknowledge the potential of GIS 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: 10 Best Marketing Stocks to Buy Right Now and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Business Insider
2 hours 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.