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He will be solely missed – Obasanjo mourns Buhari

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He will be solely missed - Obasanjo mourns Buhari
Stay Ahead with OsundailyNG - Your Daily Dose of Nigerian News & Insights

Former Nigeria President, Olusegun Obasanjo, has expressed sadness over the death of Muhammadu Buhari, saying he played his role as a soldier, administrator and statesman.

OSUNDAILY NG reports that Buhari died in London at about 4:30 pm on Sunday following a prolonged illness.

Obasanjo, reacting to his death in an interview on Sunday, said the former president passed at a time when the totality of his experience was needed to help steer the affairs of the country.

He noted that the late president would be sorely missed and prayed that God grant him Aljanah Firdaus.

Obasanjo said, “It is with a heavy heart that I received this afternoon the passing to glory of a colleague, a comrade, co-patriot, General Muhammadu Buhari, who, as a soldier he played his role as soldier; as an administrator, he played his role as an administrator; as a statesman, he played his role as a statesman.

“His demise comes at a time like this that we need the totality of the experience and what I may call statesmanship of all of those who have had opportunity to run the affairs of this country in the past to get us out of the situation we are in.

“He will be sorely missed, and may his soul respect in perfect peace.”

OSUNDAILY NG reports that Muhammadu Buhari first became Nigeria’s Head of State as a military ruler from December 31, 1983 to August 27, 1985, after overthrowing the civilian government of Shehu Shagari.

Decades later, he returned as a democratically elected president, serving two terms from 2015 to 2023.

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Progressive Governors Forum mourns with Tinubu, Nigerians over Buhari’s death

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Progressive Governors Forum mourns with Tinubu, Nigerians over Buhari's death
Stay Ahead with OsundailyNG - Your Daily Dose of Nigerian News & Insights

The Progressive Governors Forum has expressed deep sorrow over the death of former President Muhammadu Buhari.

The forum also extended its condolences to President Bola Ahmed Tinubu, the Nigerian people, and the late president’s family.

In a condolence message personally signed by the chairman of the forum and governor of Imo State, Hope Uzodinma, the governors said they received the news of former President Buhari’s passing with profound shock and sadness.

This was contained in a statement issued on Sunday by the Imo State Commissioner for Information and Strategy, Declan Mbadiwe Emelumba, and made available to journalists in Owerri.

Governor Uzodinma stated that the Forum extends its heartfelt condolences to all Nigerians and the family of the late former President, describing his death as a monumental loss not just to his immediate family, but to the nation at large.

“With the passing of President Buhari, Nigeria bids farewell to one of its most emblematic figures of honest and dedicated leadership; an era shaped by integrity, patriotism, and uncommon sacrifice,” Uzodinma wrote.

He described the late president as an unparalleled patriot who, after a distinguished career in the military, returned through democratic means to continue serving the country with honour and commitment.

Governor Uzodinma recalled Buhari’s notable track record in office, especially his determined stance against corruption and indiscipline, principles he upheld both as a military Head of State and as a democratically elected President.

He remarked that Buhari’s legacy as a moral compass for transparent and accountable governance will continue to inspire generations of leaders across Nigeria and Africa.

While mourning with President Tinubu, Nigerians, and the Buhari family, Governor Uzodinma prayed for the peaceful repose of the late president’s soul.

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Heirs Insurance Group achieves 70% revenue spike in FY2024; hits N61 billion GWP

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Heirs Insurance Group achieves 70% revenue spike in FY2024; hits N61 billion GWP
Stay Ahead with OsundailyNG - Your Daily Dose of Nigerian News & Insights

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has announced its audited financial results for the year ended December 31, 2024, showing strong year-on-year growth across all business lines and metrics.

The insurance Group reported a combined Gross Written Premium (GWP) of ₦61 billion in 2024, for its life and general insurance companies, reflecting a 70% increase from the ₦35.8 billion recorded in 2023.

Its achievements:

Combined Gross Written Premium of ₦61 billion, representing 70% YoY growth, from ₦35.8 billion in the previous year.

Combined earned Insurance Revenue rose from ₦20.5 billion in the previous year to ₦31.4 billion in 2024, indicating a 53% increase.

Combined Profit Before Tax (PBT) rose from N4.8 billion in 2023 to ₦11.2 billion, more than double the previous year’s figure, and representing a 133% year-on-year growth.

The Group also sustained customer trust by paying a staggering combined ₦10.4 billion in claims during the year, compared to ₦4.18 billion in 2023, marking a 149% growth.

In addition, the Group’s combined total assets grew by 66%, rising from ₦55.8 billion in 2023 to ₦92.9 billion in 2024.
Breaking down the results, Heirs Life Assurance (HLA), its specialist life insurance company, achieved staggering results:

The company reported an 85% increase in Gross Written Premium from ₦23.87 billion in 2023 to ₦44.22 billion in 2024.

Insurance Revenue stood at ₦15.1 billion, a staggering 109% growth from ₦7.3 billion in 2023.

Profit Before Tax grew to ₦5.5 billion, up from ₦1.88 billion, indicating a remarkable 193% increase.

Claims paid by Heirs Life also rose significantly to ₦5.67 billion, a 120% increase from ₦2.5 billion paid to customers in 2023.

Investment income rose from ₦2.8 billion in 2023 to ₦4.6 billion, marking a 65% increase.

HLA closed the year with total assets of ₦66.2 billion, a staggering 75% jump from ₦37.8 billion in the previous year.
Heirs General Insurance (HGI), its general insurance company, also marked significant growth and maintained a strong growth trajectory:

Gross Written Premium marked a 42% rise from ₦11.9 billion in 2023 to ₦16.9 billion in 2024.

Insurance Revenue stood at ₦14.3 billion, a 19% increase from ₦12 billion recorded in 2023.

Profit Before Tax grew by 104%, rising from ₦2.4 billion in 2023 to ₦4.9 billion in 2024.

The company also demonstrated strong claims responsiveness, with claims paid amounting to ₦4.7 billion, up 25% from ₦3.7 billion the previous year.

Investment income jumped by 27% from ₦4.5 billion in 2023 to ₦5.7 billion in 2024.

Total assets marked a 48% increase from ₦18.1 billion in the prior year to stand at ₦26.7 billion in 2024.

In addition, Heirs Insurance Brokers (HIB), its insurance broking and risk management consulting firm, marked significant growth:

Revenue grew by 54% from ₦1.28 billion in FY2023 to ₦1.97 billion in 2024, driven by increased client acquisition and retention.

Profit Before Tax (PBT) marked a 53% rise from ₦528.59 million in the prior year to ₦805.91 million in 2024, highlighting strong cost discipline and operational efficiency.

These results were confirmed in the Group’s 2024 financial statements, audited by PricewaterhouseCoopers (PwC) and approved by the National Insurance Commission (NAICOM).

Heirs Insurance Group has maintained a consistent year-on-year growth streak, reflecting strong leadership and corporate governance, and a focus on driving digital innovation to make insurance simple and accessible.

Its digital-first channels, including USSD code *1100#, SimpleLife mobile app, Prince – its AI-powered chatbot, and Nigeria’s first digital insurance experience centre, ensure ease and convenience.

Beyond technology, the Group drives advocacy across all customer clusters, aligning with its purpose to improve lives and transform Nigeria. Its Essay Championship drives insurance literacy among young students and the school ecosystem, and its travel festival advocates for more inclusive policies to enable cross-border travel, among many other initiatives.

Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the leading pan-African investment company, with investments across 24 countries and four continents. With a rapidly expanding retail footprint and an omnichannel digital presence, Heirs Insurance Group serves both corporate and individual customers across Nigeria.

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Let sleeping soul rest – Shehu Sani warns Nigerians insulting Buhari

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Leave Trump, American politics, reconnect with South Africa - Shehu Sani advises Elon Musk
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Former lawmaker, Shehu Sani, has cautioned Nigerians against speaking ill of the late former President, Muhammadu Buhari.

OSUNDAILY NG reports that mixed reactions have continued to trail the demise of Buhari, who passed away on Sunday in London.

While several leaders are paying tribute to the late Nigerian leader, a cross-section of citizens have been lashing out at the former president.

According to a popular activist, Omoyele Sowore, “Buhari left behind a terrible legacy”, describing the former president as “a man whose rule both in uniform and civilian garb left deep scars on Nigeria’s democratic fabric.”

Sowore further stated that Buhari’s legacy “remains one of repression, economic hardship, insecurity and religious bigotry.”

Some Nigerians also took to social media to lament how a former president would die in a foreign land due to poor health facilities in the country.

However, Shehu Sani, in a post on his Facebook page, warned Nigerians to stop “speaking ill of the dead.”

According to him, “We are all mortals awaiting an uncertain fate at uncertain time and uncertain places.
“A living man is still on trial and cannot judge the dead. Let the sleeping soul rest.”

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