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Olu Tayo In today’s borderless world, there are considerable international interactions at various levels. The difference in the value systems and diversity makes ethics in international relations imperative. Ethics works by granting and withdrawing legitimacy. History shows that the mitigation and cessation of unjust practices ultimately comes from the assertion of core values. The end of slavery began with various revolutions and rebellions – yet the source of its ultimate demise was its loss of moral legitimacy. Ditto for communism: the Soviet Union collapsed when the values that held it together were no longer credible and sustainable. Its legitimacy evaporated. ....
Addax: Senator Magnus Abe goofed Senator Magnus Abe Wed Apr 28 2021 By curiously questioning the wisdom of President Muhammadu Buhari, who is also the substantive Minister of Petroleum Resources, in cancelling the revocation by the Department of Petroleum Resources (DPR) of four oil mining leases belonging to Addax Petroleum Exploration Nigeria Ltd., Senator Magnus Abe goofed and exceeded his brief. Here is why. In a position that can only be interpreted as second-guessing the President, Senator Abe insists that “the Department of Petroleum Resources (DPR) was right to recommend a revocation of the mining leases issued to Addax in the national interest.” Abe expressed this position after President Buhari had cancelled the revocation of the oil leases of Addax. ....
Ismaila Shittu To build virile, sustainable national institutions, uphold due process in diverse arenas and grow the nation’s economy, the sanctity of contracts must be respected. This is the pathway through which Nigeria can be taken seriously by international investors the country cherishes, as well as by other nations. An awareness of this necessity clearly must have informed President Muhammadu Buhari’s enlightened intervention to reverse the misapplication of authority and miscarriage of justice in the matter of needless revocation of oil leases operated by Addax Petroleum Exploration Nigeria Ltd. Addax Petroleum was established in 1994 and since August 2009 has been a subsidiary of the Sinopec Group, one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide. ....