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Equitorial Guinea Votes To Extend Nguema’s Rule ….After 30 Years

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Elections in Equatorial Guinea yesterday were certain to extend the 30-year rule of Teodoro Obiang Nguema, a man accused of draining his nation’s oil wealth to fabulously enrich family and cronies while his people suffer in slums.

Western governments that have promised to fight corruption so far have done little as companies compete for concessions for petroleum and a burgeoning natural gas industry currently dominated by US multinationals.

Obiang, 67, denies all charges and his government said in a statement released by an expensive US lobbying firm that Equatorial Guinea “is committed to holding fair and democratic elections.”

Opposition parties complain campaigners have been attacked and harassed, Obiang gave only six weeks’ notice for the election and coverage in the state-controlled media is skewed.

The National Electoral Commission is also headed by the interior minister and weighted with Obiang supporters, and the government has refused to publish the voters’ roll.

Foreign journalists including those from The Associated Press have not been granted visas and African observers by presidential decree are barred from making “disparaging remarks” and must follow a government program.

Opposition leaders have said that means observers will be kept away from villagers where they charge government-appointed headmen and electoral officials cast votes for all residents.

Some 290,000 voters are registered and Obiang has boasted at rallies that he will win with more than the 97.1 percent garnered in a 2002 poll widely criticized as fraudulent. Then, he ran unchallenged as opposition leaders pulled out citing harassment. Yesterday, four men challenged Obiang, though none doubt who will win.

“People will vote for Obiang so that they can survive, so that they can keep their jobs,” said John E. Bennett, a retired diplomat who was US ambassador there from 1991, left briefly after receiving government-sponsored death threats in 1993 and ended his term in 1994. The government also accused Bennett of dancing on graves in a black magic ritual.

Through government jobs and private companies from hotels to Internet service providers, Obiang and his clique control everything in the small country, Bennett said.

Dr. Wenceslao Mansogo Alo of the main opposition Convergence for Social Democracy said he lost his government hospital job, had all his property expropriated and has been thrown out of a rented home by a frightened landlord since he joined the opposition in 1994.

Bennett said that is why an estimated quarter of the population live in nearby Gabon, Cameroon or Nigeria, or in Spain, the former colonizer. About 600,000 people live in the country.

Bennett said Obiang flies in a $50 million Boeing jet while those needing to get from Malabo, the capital on an island, to Bata, the biggest town on the African mainland, are crammed into a secondhand Russian turboprop that cost $200,000.

“The national airline sells the seats, then they sell floor space, and people have to sprawl on top of piles of baggage,” he said.

Equatorial Guinea has become Africa’s third largest oil producer with income per capita swelling to some $37,000, making the World Bank classify it as a developed nation. But according to UN figures, 60 percent of people try to live on less than $1 a day.

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FG Approves 4 New Channel Management Firms For Seaports

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The Federal Executive Council (FEC) has approved four new channel management companies for seaports across the country in a move aimed at improving vessel navigation and port operations.
Speaking at the recently concluded Annual General Meeting of the Nigerian Association of Master Mariners (NAMM), former General Manager, Marine and Operations, Capt. Ebubeogu Ihenacho, disclosed that there would be changes in the ownership of the Lagos Channel Management Company Limited and the Bonny Channel Management Company.
According to Ihenacho, the four channels serving Nigeria’s major port clusters will have different channel management companies as approved by the FEC.
He said a new company had been approved to manage the Lagos port channel, with a change of name, while the Calabar Channel would be managed by the Calabar Channel Management Company.
He added that Bonny Channel Management Company had also undergone a change of ownership.
On the Warri Channel, Ihenacho said the Federal Government had approved China Harbour Engineering Company (CHEC) and two other companies to form a consortium to manage the Escravos Channel.
He said: “For Warri, it was approved for China Harbour Engineering Company, CHEC, and two other companies, who would now form a consortium.
That consortium will now form a Special Purpose Vehicle (SPV) with the Nigerian Ports Authority to manage the Escravos Channel.”
Recall that the management of the NPA had declined to renew the concessions of the Lagos Channel Management Company Limited and the Bonny Channel Management Company, opting instead for six-month extensions of the existing arrangements.
By; Enoch Epelle
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RIRS Warns Against Unauthorised Tax Collection

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The Rivers State Internal Revenue Service (RIRS) has warned motorists, transport operators and business owners against paying taxes, levies or charges to Unauthorised persons and organisations, insisting that only the Service and its duly appointed agents are legally empowered to collect taxes on behalf of the state government.
The Service gave the warning in a public notice dated October 21, 2026, signed by its Executive Chairman, Sir Israel O. Egbunefu, FCTI, in which it clarified that the Rivers State Ministry of Transport was not authorised by the state government to collect road tax or any other tax, levy or charge from motorists and transport operators.
RIRS also specifically disowned Explore Strategic Alliance Ltd, located at No. 7 Rumuodaolu Market Road, Port Harcourt, declaring the company had not been appointed or authorised by either the state government or the Service to collect Motor Vehicle Transport (MOT) tickets or any other tax on its behalf.
The revenue agency consequently cautioned members of the public against making payments to the company or any of its staff, stressing that anyone who ignored the warning would do so at their own risk.
It reaffirmed that only the legally authorised agency responsible for tax collection in Rivers State and the appointed agents that would carry out such duties in accordance with the law.
The Service urged taxpayers to demand official identification from anyone claiming to be its tax agent and verify the person’s credentials directly with RIRS before making payments.
It further warned that individuals or groups found impersonating tax consultants, agents or their representatives to collect Unauthorised taxes would be arrested and prosecuted in accordance with the law.
RIRS also called on members of the public to report suspicious persons and activities relating to Unauthorised tax collection to the Service for appropriate action.
The agency advised taxpayers seeking clarification or assistance to visit any of its offices or contact it through its official email address, info@riversbirs.gov.ng.
The Service reiterated its commitment to protecting taxpayers, promoting voluntary compliance and safeguarding the integrity of tax administration in Rivers State.
By: King Onunwor
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Bayelsa consumers Groan  Over Inflation As Traders Remain Helpless Over Low Patronage 

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Consumers and traders at the Swali ultramodern market in Yenagoa, capital of Bayelsa State have continued to groan over high prices of commodities and poor Patronage due to cost-push inflation.
The Tide reports that in the past weeks prices of goods and services in Yenagoa metropolis has experienced increase.
Notable services like transportation have also increased  lately due to increase in the pump price of fuel that has recently further exacerbated inflation in the prices of staple foods like rice, beans, garri and others.
Speaking with The Tide on a market survey, a trader, Mrs Tovie Barakabo said a bag of bean which sold between N120,000-N130, 000 now goes for N140,000-N145,000.
Mrs Barakabo also hinted that the only commodities whose price has not gone up was price of millet which sells N60,000, while big bag of garri now sells for N30,000.
The Tide further gathered from other inside Source that 25 litres of Kings cooking oil currently sells N75,000 as against the former price of N57,000.
Other commodities such as delicious vegetable oil  now goes for N68,000, Pure vegetable oil currently goes for N66, 000, while spaghetti is now N18,800 per bag.
The market survey also discovered that Sonnia tomato mix sells N75,609, while a big and small basket of fresh tomatoes are sold for N30,000 and N6,500 respectively.
A disappointed custom, Mrs Juliet Domo who fielded questions from The Tide expressed her worries over the inflation, calling on government to take decisive stands against inflation.
By: Ariwera Ibibo-Howells, Yenagoa
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