Business

IPMAN Leadership Crisis Escalates As FG Recognises Faction

Published

11 years ago

June 5, 2015

Things have fallen apart and the centre can no longer hold again in the Independent Petroleum Marketers Association of Nigeria (IPMAN)as the leadership crisis rocking the association assumed a new dimension with the Federal Government’s recognition of one of the two contending factions, Comrade Lawson Obasi as the authentic IPMAN National chairman.

But the faction of Comrade Elder Chinedu Okoronkwo has stoutly kicked against such recognition describing it as illegal and contrary to the laiddown Labour rules and regulations.

In a statement issued on Wednesday in Port Harcourt by Comrade Okoronkwo factional IPMAN chairman, said the Federal Government lacks the authority to appoint leadership for professional bodies as well as trade unions.

Okoronkwo explained that Obasi did not at any time contest election to be chairman of IPMAN and wondered why the immediate past Minister of Labour and Productivity, Senator Joel Ikenya will decree a person into leadership position without election.

He said the action was deliberate ploy and calculated attempt to cause crisis in the Association, and further entrenched a group of “oil cabals” in the association to the detriment of the law-abiding members of IPMAN.

He advised the government to immediately withdraw the recognition accorded Obasi as the National Chairman of IPMAN in the interest of peace and unity of the Association, stressing that whereas government fails to heed his leadership advice, the legitimate members of the Association will have no alternative than to explore legal means to seek redress.

Meanwhile, Comrade Lawson Obasi has reacted to the statement issued by the Comrade Chinedu Okoronkwo IPMAN faction by stressing that his recognition as IPMAN chairman was in order.

He said in a statement at the IPMAN Eastern Zonal Office in Port Harcourt on Wednesday that the whole marketers were very pleased about the step taken by the federal government over the Association’s leadership crisis.

Obasi said the step will go a long way to stop the incessant scarcity of petroleum products in the country.

He said his recognition will strengthen the association as it was the wish of the majority of the members, stressing that IPMAN was in support of deregulation as it will encourage healthy competition and alleviate the suffering of the masses in their bid to get petroleum products.

The I[PMAN president said that deregulation will attract foreign investors into the oil and gas sector to create more job opportunities for Nigerians.

He said the Association is calling on the federal government to issue licenses to investors to establish modular refineries and small refineries to eradicate scarcity of the product and bring down cost.

The immediate past Minister of Labour and Productivity, Senator Joel Ikenya had in a letter dated May 25th, 2015, addressed to the Director General, Department of State Security Services (DSSS), Inspector General of Police, Executive Secretary of the Petroleum Product Pricing Regulatory Agency (PPPRA) and other government agencies informed them of the Federal Government’s recognition of Comrade Lawson Obasi as the authentic IPMAN National chairman.

The former Minister said the recognition followed the submission of the report of the Presidential Committee set up by ex-president Goodluck Jonathan to resolve the leadership crisis in IPMAN and that one of the recommendations was that Comrade Lawson Obasi be recognised by the government as the lawful National President of IPMAN and government compliance was with, immediate effect.

Philip Okparaji

Business

Agency Gives Insight Into Its Inspection, Monitoring Operations

Published

1 week ago

January 12, 2026

The Tide

The Director, South South Zone National Agency for Food Drug Administration and Control (NAFDAC), Pharmacist Chujwuma P.Oligbu has said its thorough implementation of its core mandate of monitoring has no link with witch-hunting or fault finding as perceived at some quarters.

Oligbu, made this known when he spoke as as guest at the maiden Rivers state Supermarkets stakeholders’ Seminar/Workshop in Port Harcourt recently.

Rather, he said they were mere opportunities for education, correction and continuous improvement.

The Agency’s South South Boss, noted that Supermarket operators who maintain transparent records, cooperate during inspections, and promptly address identified gaps demonstrate professionalism and commitment to public health standard.

He listed the deserving essence of supermarket operation to include the key aspects of supermarket operation that deserves emphasis is product sourcing.

“Supermarkets must ensure that all regulated products stocked on their shelves are duly registered with NAFDAC and sourced from legitimate manufacturers or distributors”, he said .

According to him, the presence of unregistered, expired, counterfeit, or improper labelled products undermines consumer confidence and poses serious health risks.

He pointed out that such has the likelihood of exposeing supermarket operators to legal sanctions that could damage their reputation and financial stability.

The NAFDAC Operator, further enlightened the participants that mere registration of a particular product with the Federal agency do not guarantee absolute consumption safety.

“Temperature control, cleanliness, pest control, stock rotation, and proper shelving are not optional practice; they are essential components of compliance”, he said.

The South South zonal director also told the operators of supermarket that their employees rotine training on the basis of the product they display for sale is of utmost importance.

In her presentation a Breast Milk Nutrition Expert , Professor Alice Nte of University of Port Harcourt Teaching Hospital (UPTH), was against the body’s prime attention to breast milk substitute or baby milk in supermarkets as well as its advertisement or promotion.

Nye jerked up the importance of mothers breast milk to the newborn baby and added that it help in fighting against childhood diseases, infections and combating cancer in breastfeeding mothers.

Meanwhile, NAFDAC Deputy Director, South – South Zone , Mrs. Riter Chujwuma educated the participants on the guidelines for global listing, and the need to adhere strictly to rules guiding global listing to avoid confiscation of their imported products.

By: King Onunwor

Business

BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS

Published

1 week ago

January 12, 2026

The Tide

The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.

In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.

According to the data, more than 4.3 million new BVNs were issued within the one-year period, underscoring the growing adoption of biometric identification as a prerequisite for accessing financial services in Nigeria.

NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.

Analysts linked the growth largely to regulatory measures by the CBN, particularly the directive to restrict or freeze bank accounts without both a BVN and National Identification Number (NIN), which took effect from April 2024.

The policy compelled many customers to regularise their biometric records to retain access to banking services.

Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.

The programme has been widely regarded as a milestone in integrating the diaspora into Nigeria’s formal financial system.

A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.

However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.

The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.

Business

AFAN Unveils Plans To Boost Food Production In 2026

Published

2 weeks ago

January 9, 2026

The Tide

The leadership of the All Farmers Association of Nigeria (AFAN) has set the tone for the new year with a renewed focus on food security, unity and long-term growth of the agricultural sector.

The association announced that its General Assembly of Farmers Congress will take place from January 15 to 17, 2026 at the Abuja Chamber of Commerce and Industries, along Lugbe Airport Road, in the Federal Capital Territory.

The gathering is expected to bring together farmers, policymakers, investors and development partners to shape a fresh direction for Nigerian agriculture.

In a New Year address to members and stakeholders, AFAN president, Dr Farouk Rabiu Mudi, said the congress would provide a strategic forum for reviewing past challenges and outlining practical solutions for the future.

He explained that the event would serve as a rallying point for innovation, collaboration and economic renewal within the sector.

Mudi commended farmers across the country for their determination and hard work, despite years of insecurity, climate-related pressures and economic uncertainty.

According to him, their resilience has kept food production alive and positioned agriculture as a stabilising force in the national economy.

He noted that AFAN intends to build on this strength by resetting agribusiness operations to improve productivity and sustainability.

The AFAN leader appealed to government institutions, private investors and development organisations to deepen their engagement with the association.

He stressed the need for collective action to confront persistent issues such as insecurity in farming communities, climate impacts and market instability.

He also urged members to put aside internal disputes and personal interests, encouraging cooperation and shared responsibility in pursuit of national development.

Mudi outlined key priorities that include increasing food output, expanding support for farmers at the grassroots and strengthening local manufacturing through partnerships with both domestic and international investors adding that reducing dependence on imports remains critical to protecting the economy and creating jobs.

He stated that the upcoming congress will feature the launch of AFAN’s twenty-five-year agricultural mechanisation roadmap, alongside the announcement of new partnerships designed to accelerate growth across the value chain.

Participants, he said wi also have opportunities for networking and knowledge exchange aimed at transforming agriculture into a more competitive and technology-driven sector.

As part of its modernisation drive, AFAN is further encouraging members nationwide to enrol for the newly introduced Digital ID Card.

Mudi said the initiative will improve transparency, ensure proper farmer identification and make it easier to access support programmes and services.

Reaffirming the association’s long-term goal, he said the vision of national food sufficiency by 2030 remains achievable if unity and collaboration are sustained.

He expressed optimism that with collective effort, Nigeria’s agricultural sector can overcome its challenges and deliver a more secure and prosperous future.

Lady Usendi