Isa Yuguda Archives

Ex-Gov Yuguda backs Tinubu’s govt to tackle Nigeria’s ‘long-standing challenges’

The former Bauchi State governor, Isa Yuguda, on Thursday expressed optimism that President Bola Tinubu’s administration would rescue Nigeria from its age-long challenges. Yuguda, who spoke...

News2 years ago

Isa Yuguda accuses NNPC of running fuel subsidy scam

The Nigerian National Petroleum Company (NNPC) has been accused by a former governor of Bauchi State, Isa Yuguda, of operating a fuel subsidy scam alongside the...

A former aviation minister, Isa Yuguda, has disclosed that Richard Branson, the founder of British multinational venture capital conglomerate, Virgin Group, was chased out of Nigeria over disagreement on the Virgin Nigeria deal. Yuguda, who was the minister of aviation under former President Olusegun Obasanjo, said Virgin Nigeria was launched in 2004 after the government partnered with Branson to replace the then-defunct Nigeria Airways. However, a new minister was appointed and he frowned at the deal, leading to Branson and his company exiting the Nigerian market in 2009 before the airline stopped operation in 2012. Note that Branson’s company owns airlines in other countries; Virgin Australia, Virgin America, and Virgin India, amongst others. Following the disagreement between Branson and the Nigerian government, Yuguda, during an interview with Channels TV on Friday, said the billionaire went on CNN to describe Nigeria as the worse place to conduct business. Yuguda said Branson’s statement was enough to discourage foreign investors from investing in Nigeria, “You want to join the league (and) we had the opportunity but, unfortunately, we blew it because, soon after I left office, another minister came and another one came, then another one came,” he said. The ex-minister added: “And he (minister) decided that it’s not a good transaction for him, so he decided to advise the government that they should drive away Richard Branson from Nigeria. “It was just a pity. Richard Branson was on CNN, saying, ‘Nigeria is the worst place you can do business.’ He’s advising no international community member to come and invest in Nigeria. “Even the mere fact that Richard Branson was investing in Nigeria – he has Virgin Australia, Virgin America, Virgin India, and so many others, which are very successful airlines.”

Business2 years ago

National carrier: Isa Yuguda reveals how minister chased Richard Branson out of Nigeria for personal reasons

A former aviation minister, Isa Yuguda, has disclosed that Richard Branson, the founder of British multinational venture capital conglomerate, Virgin Group, was chased out of Nigeria...

Politics3 years ago

APC inherited corruption, trying its best to fight it, ex-Gov Yuguda claims

Former Governor of Bauchi State, Isa Yuguda, has slammed Nigerians who branded the ruling All Progressives Congress (APC) as unconcerned about the crises rocking the country....

Soludo, CBN gov, five bank executives who became state governors

Politics3 years ago

SOLUDO: Five Nigerian bankers who became state governors. What impact?

Where do Nigerian bank chiefs and senior executives go to after retirement? some of them switch their apex position in the private sector for retirement at...

News6 years ago

Bauchi panel accuses ex-gov Yuguda of mismanaging N200bn ecological funds

The former Governor of Bauchi State, Isa Yuguda has been indicted by the 21-man panel of the Government Assets and Property Recovery Committee, of mismanaging the...

Politics9 years ago

Why I’m singing against Yuguda my predecessor –Gov Abubakar

Bauchi State governor, Mohammed Abubakar, Wednesday, said he could no longer keep quiet to inquiries being made by the EFCC concerning his predecessor, Isa Yuguda. He...

News10 years ago

Yuguda’s wives forfeit 22 vehicles

The Bauchi State government says it has seized a total 22 vehicles in the possession of the wives of former governor of the state, Isa Yuguda,...

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