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NNPC, Oando and Atiku Abubakar’s attacks By Temitope Ajayi

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By his advanced age and eminent status as a former Vice President of Nigeria, Alhaji Atiku Abubakar is by no means qualified to be an elder statesman. Statesmen are highly venerated and revered people to whom we go for advice, guidance and direction.

But sometimes, Alhaji Atiku Abubakar behaves as if he should be removed from that exclusive club. Or how else can one interpret some of his utterances and statements? Or is the former vice president merely playing politics? But politics should have its season and time and should sometimes give way for nation-building and patriotism. Statesmen are not given to flippancy. Neither are they whimsical. They are measured in words and deeds, a quality that Alhaji Atiku has not demonstrated in public discourse since losing the last presidential election as the candidate of the Peoples Democratic Party (PDP).

Alhaji Atiku, obviously still stung by his electoral loss, can not see that a person of his profile must make interventions decorously and decently.

As a former Vice President of Nigeria, Alhaji Atiku self-denigrates when he makes interventions that eschew basic decency and without weighing how such unguarded outpourings portray the country and the implications for businesses and state institutions.

A man who still nurses the ambition to be president despite being close to the Octogenarian Club should be mindful not to destroy the institutions of state upon which the government functions.

For reasons borne out of desperation and frustration arising from an unrealised presidential ambition, Alhaji Atiku and his attack dogs have been unrelenting in their assault on NNPC and members of President Bola Tinubu’s family without any justifiable reason. It is more telling that the attacks have been based on outright lies, half-truths, and deliberate distortion of facts to hoodwink the public.

In his recent tirades, the former Vice President falsely accused President Tinubu, the Nigerian National Petroleum Company, and Oando Plc, where the President’s relative, Mr Wale Tinubu, holds sway as the Chief Executive, of unwholesome practice in a purely commercial transaction involving a downstream company where Oando had interests and the retail arm of NNPC.

For Alhaji Atiku, facts are not sacred if his politics is served. The damage he has inflicted on the economy and the public image of the entities involved in this matter means nothing to a man who wants to pollute the environment enough to create a credibility crisis.
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While Alhaji Atiku, on whose authority false claims are regularly made via reckless press statements, is vicariously liable, it is pathetic that the defeated PDP presidential candidate parades media aides such as Paul Ibe and Phrank Shaibu, who also lack introspection. The two pitiable men, who must be seen working to justify their pay, have scant regard for the truth.

Ibe and Shaibu have a superficial knowledge of the issues they raised in many of their arid press releases. The two men are either too lazy to do the necessary research on the subject matter or at least seek the opinions of experts for proper education on the transaction dynamics involved in the OVH/NNPC deal and that of OANDO/AGIP divestment.

In one of his press statements, Alhaji Atiku misinformed the public when he accused President Tinubu of mortgaging the country to his family members and associates. In his rage, he said NNPC puts its retail arm under the control of OVH, a company he alleged that Oando, led by Wale Tinubu, owns a 49% stake in. One would expect that a former Vice President of Nigeria should speak to facts and not innuendos. This is more so for a man who expects the public to take him seriously. To start with, Wale Tinubu and Oando do not own a 49% stake in OVH after Oando sold its downstream business.

Evidence declines to support any of the wild claims contained in the Atiku’s press statements. NNPC has rightly responded to Atiku and set the records straight in a statement issued by its Chief Communication Officer, Femi Soneye, on 22 August 2024. In the statement entitled ‘OVH Acquisition: The Facts by NNPC Limited,” Soneye firmly pushed back against Atiku’s tissue of lies thus:

“At the time NNPC Ltd acquired OVH in 2022, Oando (in which Mr. Wale Tinubu has equity interest), had fully divested its equity in OVH to the two other partners – Vitol and Helios. Oando began its divestment in 2016, with Vitol and Helios coming in as equity partners, leading to the name change from Oando to OVH. In 2019, Oando fully divested its equity interest in OVH, resulting in Vitol and Helios holding 50% equity interests, respectively.

“Upon acquisition of OVH by NNPC Ltd, NNPC Retail Ltd and OVH effectively became subsidiaries of NNPC Ltd. However, based on professional advice and sound commercial considerations, NNPC Ltd opted to merge NNPC Retail Limited into OVH, and then retain NNPC Retail Limited as the company name post-merger. The first step of merging NNPC Retail Ltd into OVH has been completed, and the post-merger renaming of NNPC Retail Ltd is ongoing. Contrary to the false alarm, neither Wale Tinubu nor the President has any interest in the OVH acquisition.”

Providing more significant details and clarity on the OVH/NNPC deal, Mr Femi Awoyemi, Publisher and Chief Executive Officer of Proshare decried how political actors like Alhaji Atiku pursue personal political agendas at the expense of the economy and public good, arguing that “players seeking to push self-interested agendas must come with evidence and not innuendos.”

Mr Awoyemi averred: “Despite misgivings about an entity, I, as a member of the governance community, understand that it is unhelpful if we allow misrepresentations to replace objectivity and accountability.

“On this note, I offer my thoughts on the NNPC-OVH issue without holding a fort for any party. Public and analyst records available to our economic and market intelligence (EMI) unit affirm that Oando Plc was out of OVH three (3) years before NNPC Retail chose to buy it out. (OVH stands for Oando, Vitol, and Helios). A review of Oando’s financial statements shows that it divested its downstream business (OVH) in three tranches: 60%, 35%, and 5%.”

From the dates of Oando’s divestment from its downstream business, which started with the first one to OVH on 30 June 2016 and ended with the final exit on 29 November 2019, the company no longer participated in subsequent transactions between OVH and NNPC Retail.

We are in a political environment where politicians like Alhaji Atiku are constantly plotting and scheming, using every fair and foul means, but it should not be so. After all the divisive rhetoric of electioneering, a nation deserves healing time when the focus should be solely on nation-building and governance. Alhaji Atiku is not willing to yield any space. He wants to remain in the election mood till the next electoral season, dishing falsehoods in industrial quantities to create his alternative universe. He is acting out the Trumpian playbook, which is to constantly push out falsehoods in the forlorn hope that they would gain currency and that people would believe.

That was why Shaibu doubled down on the lies on the OANDO/AGIP deal when the ones by Paul Ibe did not gain traction. In a scathing and uninformed statement issued by Shaibu, Alhaji Abubakar queried the Oando/AGIP deal, seeking to know why the transaction has gone through while that of SEPLAT/Mobil is yet to be fully consummated. Alhaji Atiku’s cheap shot and laborious attempt to draw false equivalence should never be lost on anyone. If the former Vice President and Shaibu had applied themselves well, they should have known that the circumstances around Oando/AGIP and SEPLAT/Mobil were different.

Industry regulator the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) gave an update on divestment activities by the International Oil Companies in a statement issued on Monday, August 26, 2024. Its Head of Public Affairs, Mrs. Olaide Shonola signed the statement. The issues involved in the two upstream deals differed.

While both transactions predate the current administration, Oando/AGIP did not face the legal encumbrances faced by SEPLAT/MOBIL.

On a comparative basis, through a letter dated February 24, 2022, Mobil notified the regulator of its intention to assign 100% of its issued shares to Seplat Offshore Energy Limited. NUPRC did not consent to this assignment because Mobil should have obtained a waiver of pre-emption rights and the consent of NNPC. The matter was held up in court in Suit No: FCT/HC/BW/173/2022 Nigerian National Petroleum Company Limited versus Mobil Producing Nigeria Unlimited, Mobil Development Nigeria Inc., Mobil Exploration Nigeria Inc., and Nigerian Upstream Petroleum Regulatory Commission. The transaction could not have been concluded until the parties resolved the dispute.

According to the statement by NUPRC, NNPC and MPNU resolved their dispute in June 2024, and MPNU, by letter dated 26 June 2024, informed the regulator of the resolution of the dispute. Upon resolution of this dispute, the Commission communicated its no-objection decision to the assignment via a letter dated July 4, 2024, and requested MPNU to provide information and documentation required under the Commission’s due diligence checklist to enable the Commission to conduct its due diligence as required under the PIA. MPNU, by letter dated 18 July 2024, provided the information requested by the Commission.

Accordingly, MPNU’s application to the Commission for consent is undergoing due diligence review under the same divestment framework applied to the NAOC-Oando and Equinor-Chappal divestment. The Commission’s due diligence process is ongoing and within the 120-day timeline required by the PIA.

Unfortunately, Alhaji Atiku ignored the facts above in the transactions to make a mountain out of a molehill as part of his grand design to misinform the public and continue his needless war of attrition against President Tinubu.

The PDP presidential candidate has elected to seek and push darkness. Where Alhaji Atiku and others like him see only despair, President Tinubu will continue to work toward building a virile society and a buoyant economy while holding on to the promise of a greater Nigeria.

-Ajayi is Senior Special Assistant to the President on Media and Publicity

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Opinion

Tourism Minister Urges Nigerians To Use Cultural Heritage for Wealth Creation

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Tourism minister Lola Ade-John urges Nigerians to uphold and take pride in Nigeria’s vast cultural heritage.

Ms Ade-John made the call during the 2024 edition of the King Kosoko Memorial Lecture held on Sunday.

The event in Lagos also featured a book launch entitled ‘King Kosoko, His Life, His People and His Settlements’, written by the Oloja Elect of Lagos, Abiola Kosoko.

The minister said upholding the nation’s cultural heritage, such as that of the late King Kosoko of Lagos, was important to create wealth. She said this could be done by spurring local and international tourists to learn and experience late Kosoko’s legacies and other past great leaders in Nigeria.

“Today, we honour the enduring legacy of King Kosoko. I am filled with pride and gratitude. Today, we are custodians of history. It is our duty to ensure that the stories of our ancestors, their triumphs and struggles are never lost.

“Let this event be a call to Nigerians everywhere, to embrace our heritage with pride and to invite the world to witness the wonder that is Lagos and the magic that is Nigeria,” she said.

The minister said that Nigeria’s vast culture and tourism potential remained largely untapped.

She said research revealed that 2019 tourism contributed nearly five per cent to the nation’s gross domestic product with just over 1.2 million international visitors.

“Imagine what these figures would look like if our 200 million plus population buy into the idea of domestic travel. Lagos, rich in culture and history, leads this growth. Initiatives like this serve as beacons that can attract even more to our shores.

“The possibilities are endless if we fully tap into the potential of our over 1,000 assets and over 800 festivals. As we leave today, let King Kosoko’s spirit, his courage, vision and love for his people inspire us. I hope this will drive our passion to make Nigeria a global cultural destination,” she said.

The late King Kosoko was the Oba of Lagos between 1845 and 1851.

His insistence on the slave trade was the pretext for the 1851 British bombardment of Lagos, for which he went into exile in Epe.

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Opinion

Ajuri Ngelale: An Affliction Tinubu Finally Got Rid Of 

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By – Mohammed Gambo

The Christianese, “affliction shall not rise the second time”, is an authoritative declaration of an utter end to extreme suffering and perfectly sums up what Ajuri Ngelale, the recently departed Special Adviser on Media and Publicity to the President, represented to the President Bola Tinubu administration.

It has to be stated, though, that hiring Ajuri Ngelale, a bundle of incompetence and a man with narcissistic traits, as a spokesperson , was a self-inflicted injury. It was the first affliction.

 

It was the equivalent of sticking a loaded AK 47 in one’s trousers. Ajuri came to the job with zero or middling pedigree, having never risen beyond the rank of reporter throughout his eight-year spell at both Africa Independent Television (AIT) and Channels Television. He actually joined AIT as a youth corp member in 2013 or thereabout. At the two broadcast outfits, he was sacked for poor work ethic, misdemeanor, disrespect to seniors and inordinate ambition.

 

In HR parlance, his appointment by President Tinubu would be described as a recruitment error. It was a grave error of judgment by those who packaged him for a job he has no competence, capacity, maturity, and qualifications for. For his wobbling and fum one year on the job, Ajuri was a mere impostor who took a job he couldn’t even comprehend, let alone deliver on.

 

That Ajuri lasted a whole year during which he was also appointed Special Envoy on Climate Action, another role that requires top-tier intellectual and attitudinal qualifications, is a hint of the chaos and dysfunction that dog the Tinubu administration itself. A properly structured office with less appetite for sloppiness and incompetence would have booted him out within three months. A young man who needed grooming and training himself was appointed to advise the President, a senior government role that requires deep intellect, exposure, and experience he clearly lacked The headhunters in the Presidency have questions to answer.

 

Professional Pedigree

 

The job Ajuri had requires a vast media network and hefty deposit of goodwill. He had neither. He was, therefore, a wrong hire from the first day. An aggregate experience of eight years at AIT and Channels Television is a grossly inadequate preparation for the acquisition of vast media network and the scale of goodwill needed to function on the job of a Presidential media Adviser.

 

There is no way such low ranking reporter could muster the clout to manage editors, senior journalists and media owners, who are essential and critical success factor for anyone holding the job of a Special Adviser to the President of any country. Ajuri was a product of conspiracy by those who wanted to peddle influence around President Tinubu and were afraid of having strong personalities and people with professional pedigree and integrity.

 

It was established that Chief of Staff, Femi Gbajabiamila, Chairman House of Representatives Committee on Defence, Jimi Benson, sold the idea of Ajuri to Seyi Tinubu. Gbajabiamila was not comfortable having Dele Alake in the Villa because he saw Alake as a stronger personality who has a more respectable and influential relationship with the President. He didn’t want to operate as Chief of Staff under Alake’s shadow and with anyone like Tunde Rahman, who had a closer relationship with the President. They plotted against Alake and Rahman in favour of a yes man. It was like buying a poodle when you need a bulldog.

And ohhhhh! Some ‘Analysts’ have been peddling the misinformation on behalf of Ajuri, that he had worked as Special Adviser on Media to President Yaradua, Vice President Namadi Sambo, President Jonathan and then, President Buhari, before his latest ‘misappointment’ . Now, for a young man of 37 years, nothing can be farther than this to truth. I leave you to do the calculations from 2007 when Yar’adua became President.

 

How Ajuri’s honeymoon evaporated

 

Ajuri came to the Villa with an agenda different from that of his benefactors. Despite coming out in flying colours at being wretched on his job, Ajuri is no multidimensional fool. While those who brought him wanted to use him for decorative purposes, he also planned to use them to gain access. Ajuri was an outsider in the Buhari administration, where he worked in the office of the Vice President as SSA Public Affairs. Those who served in Buhari’s administration said Femi Adesina, Garba Shehu, and Laolu Akande could not tolerate his insolence and delusions.

 

He was described as a supplanter, who would go anywhere and do anything to undermine his seniors just to get ahead. The Buhari media and communications managers pushed him aside, and Laolu Akande didn’t give him any room to operate inside the VP office. For the five years, Ajuri served in Professor Yemi Osinbajo’s office, he was not allowed to have a desk in the VP’s office. He operated out of the office building of Niger Delta Power Holding. He was not allowed to even travel for once, on any official local and foreign trip with Professor Osinbajo.

 

Not long after he got his job as Tinubu’s SA Media, he started undermining the Chief of Staff. He would take a memo directly to the President against the established protocol, which is to route any communication through the office of Chief of Staff. Gbajabiamila and his team were upset when Ajuri announced appointment of five aides without their knowledge. He reportedly went to lie to the President that he couldn’t work with the media aides of the President he met on ground because he had no control over them.

 

He also told the President to allow him have his own team that would be loyal to him. He even forced some media houses to change their Correspondents for his preferred candidates. Such level of breach of protocol that is possible only in a fractured Presidency. Ajuri finally nailed his own coffin with his self-promotion agenda of Special Envoy on Climate Change with omnibus powers that effectively took over the entire function of the Minister of the Environment, who was justifiably livid about being made irrelevant in government. Ajuri also executed the Special Envoy scheme without the knowledge of Gbajabiamila, who brought him to the Villa. The Minister of Environment reportedly asked Gbajabiamila why he gave his job to Ajuri. A flustered Gbajabiamila told the Minister that he knew nothing about the Climate Change job and he only saw the press release like anyone.

 

It was the teeth given to him by Gbajabiamila that he sank into the flesh of the same man and others who got him the job as a presidential spox. The guys who brought him, seeing that he had gotten too big for his breaches, also decided they were going to take him out. He made it easy for them, especially because he was poor at his job.

 

When it was apparent that Ajuri had no capacity to deliver, President Tinubu tapped his long term ally, Bayo Onanuga to help shore up the floundering media and communication machinery of the Villa. It was same Chief of Staff that sat on the appointment for over two months to protect Ajuri. It was after the UAE Visa, the New York NASDAQ Exchange fiasco, and many other avoidable errors that Gbajabiamila finally allowed Bayo Onanuga to come on board.

 

A broke and greedy Ajuri

 

According to Aso Rock Insiders, Ajuri came to the job with a poverty mentality. His ambition was to make tonnes of money. Having arrived broke, he saw the opportunity as one from which he could end up with money pouring out of his ears. He was said to have told people that he was treated badly by Femi Adesina, Garba Shehu and Laolu Akande under the Buhari administration. He said he didn’t make money and could barely pay his rent in Abuja. He spent every day in office scavenging for money, moving from one head of MDA to the other asking for money.

 

The quest for money made him turn the office of SA Media to President to one that announces appointments, birthdays, and obituaries for prominent people who allegedly pay him for his services. Traditionally, appointments for Heads of Agencies were announced by the office of SGF or supervising Ministry, but Ajuri turned it to a honeypot. He would announce different appointments that can be announced in one single press release in different press releases in a day.

 

There was a day he issued 15 press releases from around 3pm to 11pm. Some prolificity. He even went on Twitter to announce that he broke the State House record of the highest number of press releases in a single day. What he broke was his own record of ridiculous and frivolous press releases. For the one year he spent on the job, Ajuri went round collecting money from Ministers and other Heads of Agencies in the name of running the Media and Communication of the Villa without the knowledge of other Media aides.

 

Ajuri’s insecurity and toxicity

 

Ajuri was very insecure on the job, knowing that he is not qualified for the role ab initio. To cover his insecurity, he fought that the nebulous title of Official Spokesman of the President should be added to how he was addressed. Not high enough on his own supply, he added Chief to his official communications materials and press releases. He demanded that colleagues, State House correspondents and civil servants must address him as Chief Ajuri.

 

He wouldn’t accept or read any document where his name is not prefixed by Chief. A man hungry for deference should not be seen offering less. However, he called Bayo Onanuga, a man who graduated from university eight years before he was born, by his first name. Ajuri will probably not pass the qualifying test to work in Onanuga’s company, Independent Communication Network Limited, Publishers of TheNews Magazine, Tempo and PMNews. Onanuga is 30 years older than Ajuri and his father’s age mate.

 

He set the civil servants in his department against each other. He polarized the State House Press Corps and told some of the journalists covering the Villa never to use any statement issued by Bayo Onanuga as he is the sole and official Spokesman of the President. He gave an instruction to the civil servants in the department never to allow any press statement or release issued by Onanuga to be sent out through State Media Media mailing channels. He was a terror to the civil servants, who were afraid of him because they feared he could engineer their posting outside of the Villa.

 

He was constantly reporting other Presidential media aides to the President, Seyi and Chief of Staff until they all got tired of him and told him to mind his own business.

 

The final Straw

 

It was clear that Ajuri came to the government to pursue his own agenda. His five years at the periphery of the Buhari’s government gave him a helicopter view of government and how government platforms can be used for personal gains. He applied himself in that direction. Where he did not apply himself was his job, which he saw only as a means to make money by the shipload and one for glamour. Aso Rock Insiders said when President Tinubu was ready to offload him because of his spectacular failure on the job, he thought that, as a father, he needed to give him a soft landing. This was the reason he allowed his proposal for Special Envoy job. Instead of promoting national interest, he was promoting himself to international interests for personal gain.

 

As a Media Adviser, he also forgot that his job is to promote the principal and his agenda. However, he was promoting himself in the media without restraint and paying millions for front page picture placements. Ajuri knew that his time was up over a month ago. He started moving around, begging for interventions that would lead to the retention of his job. He was initially given a choice to pick between SA Media and Special Envoy on Climate Action as it was no longer tenable that he would hold two senior positions.

 

Knowing that it is the SA Media job that can keep him inside Villa, he opted to drop the Special Envoy job. By the time he was ready to retain the media job, the boat had sailed. Nobody wanted him for the media job again because he is clueless at it and has the charisma of a plank of wood.

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Opinion

Soaring High: Why Ekiti Airport Is A Vision For The Future!

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By Adeoye Aribasoye

To the critics of the cargo airport initiated by Governor Kayode Fayemi in Ekiti State, it’s time to reconsider the monumental impact this project could have on our landlocked state. Establishing an airport is not just about aviation; it’s about unlocking opportunities, enhancing connectivity, and fostering growth that we desperately need.

As a landlocked state, Ekiti faces unique challenges in accessing markets and resources. An airport will not only facilitate trade but also boost medical tourism, particularly with the exceptional services offered at the Afe Babalola University Multi-Purpose Hospital. Imagine the possibilities for students and professionals traveling easily to and from the Ekiti Knowledge Zone and innovation hub, creating an environment ripe for creativity and collaboration. As said by Eleanor Roosevelt, “The future belongs to those who believe in the beauty of their dreams.”

Part of the concerns raised against the project was issue of Ado – Akure road. It is important to state that an airport in Ekiti and reconstructing the Ado-Akure road are not mutually exclusive; both projects are vital for our development. If we assume that the airport cost approximately N20b, it is still significantly less than the N93 billion allocated for the Ado-Akure road reconstruction, which is still likely to see cost increases due to economic factors from the 2022 estimate when $ was N450 to now when it is N1600. Remember Governor Fayemi worked tirelessly to secure funding through the African Development Bank, it was his collaboration with the likes of Mele Kyari of NNPC, Mohammed Nami of FIRS and the then Minister of Works, Tunde Fashola that ultimately made the road’s reconstruction possible.

While the Ado-Akure road is indeed crucial, it’s important to recognize that the average lifespan of such roads is only 15-20 years. In contrast, the airport infrastructure will last much longer and provide long-term benefits, positioning Ekiti as a hub for trade, tourism, and innovation for generations to come. Without any scintilla of doubt, the airport infrastructure will provide a lasting legacy for future generations. We should remind ourselves of Akure Airport, built in 1981, which has not received any significant upgrades since its inception, yet planes have been landing there consistently. The cost of the Ekiti Airport, at roughly $12 million, makes it one of the most affordable airport projects globally. If we delay this initiative, costs could soar, potentially exceeding N60 billion due to inflation and rising material prices—an opportunity that would likely elude us.

Also, when some Nigerians say there are too many airports in Nigeria, in fact I believe we don’t have nearly enough. A quick google search will show that Nigeria has one of the lowest number of airport per population in the world when you compare with the US that has 14,000 plus airports, Brazil with over 4,000, Mexico with over 1400 and Indonesia with over 700 just to mention a few.

Moreover, the desirability of the airport extends beyond immediate benefits. An airport serves as a magnet for further developments, as evidenced by the establishment of a Nigeria Air Force base in Ekiti. Without the investment in the airport, the NAF would likely not have chosen to set up a base here. This exemplifies how PREPARATION meets OPPORTUNITY.

On the cost-benefit analysis, it’s clear that Ekiti did not suffer in the short term due to the airport’s construction. Governors Fayemi and Oyebanji prioritized social investments and human capital development, ensuring salaries and pensions were consistently paid. Both administrations implemented free education and health programs, while Fayemi introduced social security benefits for the elderly and launched initiatives like the youth in commercial agriculture scheme and the youth volunteer scheme, all while developing roads, water, and power infrastructure.

Finally, all Ekiti Governors, from Gov. Segun Oni to Gov. Oyebanji, regardless of their varying political affiliations, recognized the significance of establishing the airport as a way to connect Ekiti to the broader world. Praise is due to those who courageously realized this shared aspiration for the state.

Those who fail to grasp this comprehensive approach may remain critical, but posterity will vindicate those who courageously and selflessly propelled Ekiti beyond pedestrian politics.

It is time to champion this vision together!

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