News
Fresh Crisis In Bayelsa Over N207bn Debt
A staggering sum of N207billion debts left behind by the administration of Chief Timipre Sylva may hurt projects development in Bayelsa, if the reports of the Financial Management Review Committee is anything to go by.
The committee headed by one-time Managing Director of Niger Delta Development Commission (NDDC), Chief Timi Alaibe submitted its report on Monday with the disclosure that the former regime of Timipre Sylva left behind a liability of over N207 billion.
The committee requested the government to recover funds from alleged questionable payments of contracts of N123.18 by the previous government.
Among the alleged questionable payments to the said contractors included, Moreno Construction Company, N10.2billion, Vehicles purchase N2billion, FAK Engineering, N9billion, SENECO N14.28billion and Ratana N2billion.
Chief Alaibe, who disclosed this in Yenagoa when presenting its report to Governor Seriake Dickson, revealed that only N4,500 cash was in the state treasury when the present government emerged.
The committee recommended that government should tactically reduce the cash flow in the state and review the biometric process of payment of civil servants to expunge “ghosts” on government nominal roll.
He highlighted that N660billion was received during Sylva’s government in the past four and half years, stressing that only N2.89billion was discovered in government bank accounts which cannot be assessed.
The 11-man committee was inaugurated on February 27 by the state governor to investigate the income and expenditure of the last administration.
Alaibe said the N47.18 billion bond collected by Sylva’s government at the capital market was not repaid, as he noted that government would pay back N104.2billion.
The committee recommended that competent hands should be appointed as accountant general of the state and director of treasury to enhance internal control mechanism to provide checks in the treasury department.
Alaibe called for a fresh valuation exercise of all existing contracts in the state before performance certificate is issued to them for payment and also recommended short, medium and long term planning to increase the Internally Generated Revenue(IGR)in the state.
The report also revealed that the former Acting Governor of the state, Nestor Binabo, awarded contract of N1.8billion on February 7, immediately approved payment and the release of the contract funds without the jobs being executed.
To this end, the committee recommended that the contracts should be revoked.
Earlier, Bayelsa State Governor, Seriake Dickson, said the committee report would serve as living document and assured that government will look at its recommendations and take action where necessary.
Meanwhile, former Governor of Bayelsa State, Chief Timi Sylva, has said that the outcome of the report of the committee set up by the Bayelsa State Government constituted another means of witch-hunting him.
Sylva said the probe committee, headed by a former Managing Director of the Niger Delta Development Commission, Chief Timi Alaibe, was another obsession with his ghost.
According to a statement by his aide, Doifie Ola, Sylva said the outcome of the probe committee was premeditated.
He said the report never indicted him of any wrongdoing.
The statement by Ola reads in full: “Our attention has been drawn to a committee report administered by Mr. Ndutimi Alaibe in which phoney allegations of grand financial crimes were made against the government of Chief Timipre Sylva.
“Sylva dismisses these allegations as unfounded, and a failed attempt to divert attention from the calamitous political parodies committed in Bayelsa State by these accusers.
“The report of the kangaroo committee is as ridiculous as it is unsurprising to any Nigerian. The composition did not belie its intent as another mock team impulsively set up to deliver a pre-determined judgement. In their continued battle with the ghost of Sylva, those who have installed a puppet administration in Bayelsa State have once again demonstrated their loss of touch with the essence of government and their choice of shadowboxing as state policy.
“To be sure, government is an administrative structure set up to govern human beings with needs. Any normal investigation of government expenditure would try to demonstrate how the financial laws were flouted. The Alaibe committee did not attempt to do this. It simply compiled the incomes that accrued to Bayelsa State within a carefully selected period targeted to smear Sylva, and assumed that there were no needs met in the period.
“The Alaibe report did not demonstrate any flouting of the state’s financial laws and regulations. If anyone had proof of such contravention, they knew where to go. And where to go is not an illegal committee unknown to the laws of Bayelsa State and Nigeria.
“Besides, the allegations thrown up by the power usurpers in Bayelsa State are too weighty to be handled by people with vested political interests in the state and whose track record and history smell of corruption.
The report by the Alaibe committee is at best biased, petty, and heavily tainted. This is yet another manifestation of the constant distress in the camp of those who recently usurped power in Bayelsa State as they live in perpetual fear of Sylva, and guilt of the harsh judgement of democratic humanity.
“As we near a judicial resolution of the manifest political travesty in Bayelsa State, those who believe they should do nothing other than fight the ghost of Sylva should learn to mitigate their desperation, at least, for the decency of what remains of our democracy that they have tried so hard to compromise.”
In the report by the Alaibe committee, presented to the state government on Monday, Sylva was accused of mismanaging the N660.45 billion his government received from the Federation Account from 2007 to 2011.
Sylva was also accused of accumulating almost all the N207 billion liabilities on the state government in terms of debts and frittering the N50 billion bond he received in December 2009 from the capital market without utilising the funds for the capital projects it was meant for.
The Alaibe committee, tagged the Financial Management Review Committee, told the state Governor, Seriake Dickson, that the state under Sylva received N99.5 billion in 2007; N164.7 billion in 2008; N106.3 billion in 2009; N110.6 billion in 2010; and N189.1 billion in 2011.
Alaibe said though government expenditure increased from N165 billion in 2007 to N208 billion in 2010, the chunk of the money was used to finance recurrent expenditure such as personnel, overhead and other contingency costs.
He said the recurrent expenditure maintained steady increase from 48 per cent in 2007 to 80 per cent in 2010 and 2011, observing that there was 48 per cent decline in capital expenditure within the period under review.
Alaibe added: “This accounted for the absence of funds for the implementation of capital projects. In the same period, recurrent expenditure had increased to 123 per cent from 2007 to 2010. In contrast, there was 48 per cent drop in capital expenditure during the same period.”
The report said most of the spending was without supporting documents, noting that security and ‘Government House emergency expenses subheads were used as a conduit to move the cash.
It further alleged that apart from the conventional security votes contained in the recurrent expenditure, the immediate past administration claimed to have spent on security N3.3 billion in 2010, N10.3 billion in 2011 and N3.87 billion in January and February 2012.
Sylva allegedly withdrew N1.6 billion in 2010, N7.4 billion in 2011 and N155 million in January and February 2012 from the treasury under the subhead: Government House Emergency Expenses.
Alaibe said in the report: “These payments were in spite of the regular monthly security payment made out of recurrent expenditure amounting to N3.19 billion in 2010; 7 billion in 2011 and N890 million for January and February 2012. Clearly these payments are abnormal payments. They are frivolous and in fact fraudulent.”
Dickson vowed to implement the recommendations of the committee as he lamented the collapse of institutions and processes in the past administration, adding: “It is difficult to believe that this kind of thing happened amidst poverty and so many challenges. “Never again will the state return to the time when all institutions and processes vanished.”
News
Decentralizing Pipeline Surveillance Poses Greater Dangers To Niger Delta …. Group Warns
A group of Eminent persons from the Niger Delta region under the aegis of The Niger Delta Watch Dog has warned the Federal Government against yielding to the call to decentralize pipeline surveillance in the region.
The Eminent persons who said this in a press release made available to newsmen in Port Harcourt said those calling for decentralization of pipeline surveillance are ignorant of the dangers it poses to the peace and stability of the Niger Delta.
.They argued that the proposal poses significant risk to the peace security and economic stability of the region.
According to the release” While decentralization is often perceived as a means of promoting inclusivity and local participation, in this specific context it poses significant risks to peace, security, and economic stability.
It further said”evidence from community dynamics across the region suggests that decentralization will cause more harm than good, leading to increased conflict, fragmentation of authority, and heightened threats to critical national infrastructure.
“By contrast, the centralized model currently implemented by Tantita Security Services under the leadership of Government Ekpemupolo Tompolo has demonstrated measurable success in stabilizing the region, reducing conflict, and safeguarding Nigeria’s economic lifelines”
While describing the Niger Delta region as the backbone of Nigeria oil and gas, it added that any changes in policy will lead to crisis in the region.
“The Niger Delta region remains the backbone of Nigeria’s oil and gas industry, hosting extensive pipeline networks that are vital to national revenue and economic sustainability.
“Given the sensitive nature of this infrastructure, the framework through which pipeline security is managed must prioritize stability, coordination, and conflict prevention.
“Any policy shift particularly toward decentralization must therefore be carefully evaluated in light of the region’s socio-political realities”
It said
The release jointly signed by Chief Idowu Asonja ,Ellington Pokumo the Public Relations officer of the group Comrade Douye kojo Isoun and others,
said decentralization will lead to escalation of Inter-Community land dispute, intensifies rivalry between groups as well as heightens the struggle against Territorial control among others.
“Decentralizing pipeline security will likely intensify existing disputes between neighbouring communities as many communities in the Niger Delta have been involved in conflicts over Land ownership and territorial boundaries as well as Control of natural resources and
“Claims over oil pipelines passing through their territories” adding
“Such instability not only disrupts social harmony but also directly endangers pipeline infrastructure, increasing the risk of vandalism, sabotage, and production losses”
It said the gains recorded so far by the present centralization policy should be preserve as any shifts could wrecked havoc in the region.
“Any policy shift must preserve these hard-earned gains. At this time, decentralization presents a significant risk, while the current system continues to offer stability, security, and economic assurance for the nation.
“It is therefore strongly advised that the Federal Government of Nigeria carefully scrutinize and ultimately disregard calls for the decentralization of pipeline security contracts. “Available evidence and prevailing realities suggest that such calls may not be driven by the broader national interest, but rather by narrow, self-serving agendas that could reignite conflict within the region, this we know the Government does not need” the group said
News
RSIPA DG Unveils New Rivers Investment Pathway At BRACED Commission
The Director-General of the Rivers State Investment Promotion Agency (RSIPA), Dr. Chamberlain Peterside, has used the platform of the revived BRACED Commission to unveil investment opportunities and plans in Rivers State.
The BRACED Commission just bounced back and has already held a roundtable in Port Harcourt preparatory to an economic summit in the near future.
The roundtable featured the investment promotion agencies of the cooperating states: Bayelsa, Rivers, Akwa Ibom, Cross River, Edo, and Delta states.
Dr Peterside not only chaired the roundtable but made presentations for Rivers State economic landscape.
He hailed the rebound of the BRACED Commission which did well at the onset. “The governors of the region were one and united for one cause. Then, politics came and everything scattered. The agenda is simple, to integrate the economy of the region into one strong bloc.”
He admitted that Rivers State’s investment promotion agency is very young, plus six months in the limbo of state of emergency. “This thus is a very unique opportunity to get resurgent momentum.”
He listed the achievements of RSIPA in the short period since its establishment, saying it has received numerous investment proposals.
“We’ve engaged actively with the private sector, both those currently operating in the state and those intending to invest. We do realize the fact that investment begins from domestic investors. and you have to guide them.
“Through outreach programmes and establishment of a One-Stop-Center (OSC), we have created a streamlined system for addressing investor needs, supporting their business operations. For the first time in Rivers State, prospective investors and small and medium enterprises now have a centralized hub that can address their challenges and find solutions that enable them to thrive.”
He outlined the plans ahead thus: “One of our cardinal focuses at RSIPA is to enhance the operating climate and improve the ease of doing business.
“We are committed to creating a vibrant and business-friendly environment that attracts and retains investment. We are also working closely with other ministries, departments, and agencies to harmonize our activities.
“Collaboration for us is key; we see Rivers State as a single ecosystem where all stakeholders work together to support investment inflow and build a favorable environment for businesses to flourish.”
For the region, he lamented the situation whereby “the carpet is shifting under our feet. The IOCs (international oil corporations) have moved offshore. The issue before us now is how should the region act now. We should target big ticket investment proposals. This is because some proposals will involve other states. There is thus need to collaborate.”
He gave examples of projects that cannot be for one state. “Railway system is not for one state. At the moment, there is no railway line that links Benin to Port Harcourt to Calabar. BRACED can push this agenda.
“There is an oil route from Opobo to Akwa Ibom where Sterling Oil is operating. It’s a route of interest. Governor Sim Fubara wants us to synergise with other states economically. The best time is now because all the governors are now in one political party.”
He called on all the agencies in the BRACED states to sell the idea to their governors.
“Let the governors know that BRACED task is not a competition but as a collaboration. We have the Niger Delta Development Commission (NDDC), the South-South Chambers of Commerce, Industry, Mines and Agriculture (SSCCIMA), the Niger Delta Chambers of Commerce, Industry, Trade, Mines, and Agriculture (NDCCITMA), etc. This is the ripest time to strike the iron.”
The Director General of the Bayelsa Investment Promotion Agency (BIPA), Mrs. Patience Ranami Abah, also shook the floor when she presented what she termed ‘Closing the Value Capture Gap’.
She showed how the states will win bigger by playing together to present an economic front.
David Franklin, a deputy director, who represented the Permanent Secretary, Federal Ministry of Industry, Trade, and Investment, Abuja, said investment in people is the beginning of prosperity.
“The South-South is the hub of power of Nigeria due to the hydrocarbon industry, blue economy, agriculture, tourism, etc.”
The Director General, BRACED Commission, Amb.Joe Keshi, in his welcome remarks, said the roundtable was themed around synchrosnising investment frontiers in a strategic framework for south-south economic integration.
The roundtable ended with a communique that recommended setting up a monitoring committee, and other organs to drive integration and investment.
Some of the key resolutions in the Communique issued at the end of the two-day symposium included the call for a BRACED Investment Promotion Charter with a harmonized Regional Investment Promotion Framework and a roadmap.
The Communique called for infrastructure alignment, uniform economic reforms, human capital development plan, and a technical oversight group.
The communique urged state governments, investors, and development partners to collaborate in transforming the BRACED states into a beacon of economic dynamism.
News
Easter: DHQ Orders Troop Alert, Confirms US Support
The Defence Headquarters has placed troops on nationwide alert ahead of the Easter celebrations, assuring Nigerians of tightened security.
The DHQ also reaffirmed that ongoing support from the United States is strengthening counter-terrorism operations, with a visible impact expected in the coming weeks.
Addressing journalists during the end-of-the-month briefing on Tuesday in Abuja, the Director, Defence Media Operations, Maj Gen Michael Onoja, assured citizens of heightened vigilance by troops during the Easter celebrations.
Onoja said the Armed Forces had already placed personnel on alert nationwide to prevent any security breach during the holiday period.
He added that similar measures were implemented during previous festive seasons, including Christmas and Eid-el-Fitr, and would be sustained.
“We know that festive seasons usually have heightened security activities. The military command gives instructions to ensure all personnel are on alert. This time will not be different,” he said.
He emphasised that security agencies would not relax despite the celebrations, noting that adversaries often attempted to exploit such periods.
“I can assure you that we will always be on alert, particularly at this period of festivities, because we know that the threats expect us to relax.
“But we are not going to relax. Everything will be okay for this Easter,” he added.
Speaking on the ongoing collaboration with the US forces, Onoja said the impact of the collaboration may not be immediately visible due to the nature of military engagements, but expressed confidence that the benefits would become evident in the coming weeks and months.
He said the U.S. support to Nigeria’s operations had been significant, particularly in the areas of intelligence sharing and training, noting that the assistance was being provided on favourable terms to strengthen ongoing counter-threat operations.
According to him, “You are aware that they are bringing intelligence and training support to us, which we need. They are giving that to us on very favourable terms. There are lots of things I cannot say because of confidentiality.”
He added that the intelligence being provided included information on the location of threats and hostile elements, stressing that Nigerian troops would act accordingly.
“All we can say is that these things take time. There is a gestation period when we are conducting military operations.
“You will not see it immediately, but in the next few months or weeks, you will feel the difference in the impact of the assistance that the U.S. is providing,” Onoja stated.
On February 16, 2026, DHQ confirmed the arrival of approximately 100 US military personnel and equipment at Bauchi Airfield.
According to the military high command, the personnel, who are not combat troops, were in Nigeria strictly for technical assistance, training, and advisory roles in counter-terrorism efforts.
However, insecurity has continued to surge in several parts of the country since their deployment, raising concerns about the effectiveness of the collaboration.
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