News
Sale Of Assets: Amaechi, Ukpo, Cole, Six Ex-Commissioners For Prosecution
The former Governor of Rivers State, Chibuike Rotimi Amaechi, Chairman of Sahara Energy Resources, Tonye Cole, ex-military administrator, Brigadier Anthony Ukpo (rtd) and six former commissioners for Health, Power, Transport, Commerce, Finance and Agriculture, are to face prosecution for the sales and buying of state-owned assets, a White Paper on the Justice George Omeregi Commission report has recommended.
The White Paper on the panel report released over the weekend by the State Executive Council after a meeting on Thursday, directed the Attorney-General and Commissioner for Justice, Emmanuel Aguma, a Senior Advocate of Nigeria (SAN) to immediately commence judicial process of recovering the assets.
Briefing newsmen on the details of the report, Commissioner for Housing, Barrister Emma Okah, stated that the sales of the 70 per cent equity share of the four gas power turbines at Omoku, Eleme, Trans-Amadi and Afam, totalling 621 megawatts at the cost of $800,000 per unit to Sahara NG HPS Limited was unjustifiable and against the interest of the state.
It also said the transaction was not transparent as NG Power HPS Ltd was yet to pay an outstanding balance of $28.4 million, after it acquired the power plants below market price of $432 million, even though actual balance was $146.5 million.
On the sale of Olympia Hotel, the report also picked holes in the concessioning agreement leasing the property for 40 years to one Centro Sarotem Hotel Limited for a fee of $1miilion equivalent to about N55.7million. While the actual sum of $2.4 million was to be paid, the cumulative concession value of the property and land was put at $3.450 million.
In the words of Okah, “the commission called for the review of the concession agreement covering the value of land, deduction of concession and for non-employment of Rivers State indigenes”.
Okah revealed that the commission further uncovered an illegal account opened by the Ministry of Commerce where about $155.7 million from the hotel concession was lodged.
“The account was opened by the ministry without the requisite authorization of the Accountant–General of the State,”Okah stated.
On the Monorail Project, the white paper indicted former military administrator of old Rivers State, Brigadier Anthony Ukpo, whose company, TSI Ltd had entered into a partnership agreement with Rivers State Government on the project.
While the state government was to contribute 20 per cent and TSI 80 per cent, yet the private partner never contributed as the state invested over N35 billion, which N11 billion was paid to Rivers State Monorail Company Limited managed by TSI Ltd.
The white paper called for the recovery of the fund from the company, Amaechi and former Transport Commissioner, George Tolofari, who were the masterminds of the failed project, as it frowned at the huge sum paid to Argus Gibbs a consultancy firm on the project at the tune of N696million since it contravened Section 52 of the State Procurement Law No4 of 2008.
The White Paper also directed the Attorney–General and Commissioner for Justice to commence legal proceedings to recover funds meant for the planned Adolphus Karibi Whyte Mega Hospital which never saw the light of the day.
The hospital initially conceived under private partnership deal shared funding between the state and one Clinotech Ltd 40 to 60 per cent.
While the state government contributed its own funding of $39 million, Clinotech failed in its obligation.
As if that was not enough, the report revealed that the state government went further to release a new Clinotech Turnkey project to the tune of N150 million as mobilization fee.
“The commission found that Clinotech Turnkey Management Ltd got N200 million paid in excess with nothing to show”, the report further revealed.
The report picked holes in the disbursement of the N2billion agric loan. The panel found that in June 2014 the past administration had accessed the loan from the Central Bank with plans to disburse to qualified agric cooperatives societies, but rather than do so, it gave the loans to politicians and cronies.
“About 282 cooperatives societies were hurriedly registered in 2014, while 38 were never registered at all,” according to the report.
The commission also found that the various local government chairmen were made managers of the fund, and therefore, called on former Governor Amaechi, the Agric Commissioner and those who disbursed the fund against the loan guidelines to be prosecuted and made to refund the monies.
On the State Reserve Fund, the panel found that over N38billion was saved in the account set up in 2008.
The fund grew to about N55billion in 2014 through investments. But in March 2014, the Rivers State House of Assembly passed a bill to remove the emergency clause to withdraw monies from the fund.
The amendment gave room for the withdrawal of N53billion between February 2014 to March 2015.
According to the panel, “the attempt by Governor Amaechi to withdraw the last N1.2 billion was prevented by some government institutions.”
The White Paper recommended that the ex-governor and principal officers of the House be prosecuted, while the former Secretary to the State Government be made to refund sum of N400million withdrawn in March and another N170 million withdrawn on 25th March.
The report also directed the owner of Orosi House to be made to account for about N300million for the lease of the property in 2012, even after the building had been gutted by fire some years before.
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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