The upcoming 2025 ThisDay/AriseTV Awards, set for January 22, is facing major setbacks as several high-profile nominees withdraw due to a controversy surrounding a $200 million loan involving Nduka Obaigbena, founder of ThisDay and AriseTV. The situation escalated after a Federal High Court in Lagos froze the accounts of General Hydrocarbons Limited (GHL), Obaigbena’s company, across all Nigerian financial institutions. This action came amid allegations of indebtedness to First Bank Nigeria Limited.

Although Obaigbena and GHL deny owing $225 million, the legal dispute has reportedly disrupted operations at ThisDay Newspapers and AriseTV, casting a shadow over the prestigious awards ceremony. The event, a highlight of Nigeria’s social and political calendar, now faces reputational challenges as nominees cite concerns over the scandal.

One nominee, speaking anonymously, stated, “I am no longer attending or receiving the award. I appreciate the nomination but cannot participate under these circumstances. It’s unfortunate what is happening, and I hope the issue is resolved soon.”

These withdrawals raise uncertainty about the event’s future, with fears that more nominees might decline or the ceremony could be canceled altogether. Known for drawing prominent personalities, including international figures, the awards now face reputational risks that could diminish their standing.

Among those expected to attend is President Bola Ahmed Tinubu, named Man of the Year. However, the controversy casts doubt on whether his participation and that of other key figures will proceed as planned.

Observers worry the ongoing scandal could damage the awards’ credibility as a platform for recognizing excellence. The organizers are under increasing pressure to resolve the crisis and reassure stakeholders about the integrity and future of the event.

BY

Akelecious