News
FG, Switzerland Sign Pact To Return $321m Looted Fund
The Federal Government and the Swiss Government said yesterday that negotiation was ongoing in the process to repatriate $321 million looted funds starched away in Swiss Bank.
The Nigerian Minister of Foreign Affairs, Mr Geoffrey Onyeama disclosed while playing host to the Swiss Foreign Minister, Mr Didier Burkhalter in Abuja.
Onyeama said that there have to be an agreement on what the repatriated money will be used for as a pre-condition for the release.
He said that a Memorandum of Understanding (MoU) has been signed with the Swiss Government on cooperation in the area of human right migration agreement.
He said that the value of the money expected to be repatriated was $321 million and that there were modalities to be agreed on for the repatriation which involved monitoring mechanism by the World Bank.
“The modalities are basically legal framework for that, mutual legal assistance framework, that we are trying to put in place and there are pre-conditions that are also in place already and this required monitoring mechanism.
“So we have to agree before hand as a pre-condition on what the money would be used for.
“And the World Bank would be part of the monitoring process to ensure that the money is used for the benefit of Nigerian people,” he said.
He said the visit of the Swiss minister was significant in the sense that it helped with the commencement of repatriation of the looted fund adding that other looted fund could be discovered in future.
According to him, Switzerland is helping us in many different areas, with the Internally Displaced Persons (IDPs) in the Northern part of the country.
“They are making significant financial contribution there as well, and also in the area of trade
“They are about to open a new Consulate in Lagos and of course this would be a mechanism that can help to promote trade; Swiss investment in Nigeria which is what we are looking for,’’ he said.
Burkhalter while responding said that his country would try to write another chapter of the history of illicit asset recovery and restitutions from Switzerland to Nigeria.
“There is a history, 10 years ago, we repatriated $700 million Abacha looted fund, and now there is a possibility that in principle another $321 million will be returned soon.
“And for our government it is very important to act swiftly, to act in a transparent way and act for the good of the population of Nigeria.
“And the decision of the prosecutor of Geneva set a condition and this condition is monitoring mechanism by the World Bank,’’ he said.
According to him, if we sign a treaty very swift and possibility to support social projects in Nigeria, with the monitoring of the World Bank the money would be repatriated.
The envoy said that the time to repatriate the fund “depends on the capacity of our finding the solution to the conditions that are set.
“That means if we found a good solution with a good treaty between Nigeria and Switzerland.
“I mean monitoring mechanism on the projects that have to be supported, then it can be very swift because the decision as in principle of restituting the $321 million has already been taken,” he said.
News
Hausa Community Debunks Saidu’s Appointment Report

The Hausa Community in Rivers State has dissociated itself from media reports credited to one MaiwadaAdamu that the Arewa Community in Rivers State has appointed Alhaji Musa Saidu as the acting SarkinHausawa, PortHarcourt, following the inability of the former SarkinHausawa, Alhaji Isa Madaki to carry out his functions.
MaidawaAdamu, who is also the spokesman of the Arewa Initiative for Peaceful Co-existence, had briefed journalists on the change, but in a swift reaction, the Office of Alhaji Isa Madaki, has come out to say that the only recognised body which has the powers to appoint the SarkinHausawa, PortHarcourt is the Council of SarkinHausawa in PortHarcourt headed by Alhaji Isa Madaki.
The statement also said Alhaji Hussani Isa Madaki is the only recognisedSarkinHausawa, Port Harcourt, adding that his appointment follows the proclamation and endorsement by the council members of SarkinHausawa, Port Harcourt, Rivers State.
The statement further called on the general public and all authorities concerned to give Alhaji Hussani Isa Madaki maximum co-operation and support,as he discharges his duties as SarkinHausawa, Port Harcourt.
News
Suspended Commissioner Denies Disruption Of Empowerment Programme

The Suspended Rivers State Commissioner for health, Dr Adaeze Chidinma Oreh, has described as baseless allegations in some quarters that she was responsible for the purported disruption of the Nigerian First Lady’s empowerment program in Port Harcourt.
Dr Oreh, who said this in a statement personally signed by her and a copy made available to newsmen in Port Harcourt also described the allegation as a product of the sick imagination of rumour mongers
According to Dr Oreh, “they are nothing more than a feeble and mischievous attempt to tarnish my reputation and sow discord”
In her words,”the allegations levelled against me, Dr. Adaeze Oreh, regarding the supposed disruption of the First Lady’s empowerment programme on Friday 2nd May, 2025, are entirely unfounded, completely false, and a product of the sick imagination of rumour mongers and conflict entrepreneurs.
“They are nothing more than a feeble and mischievous attempt to tarnish my reputation and sow discord.”
The suspended commissioner challenged those behind the allegation, especially the Concerned Rivers Youth Organisation to show proof of its assertion adding “It is essential to base criticisms on facts rather than speculation or puerile political agendas.
“I challenge the “Concerned Rivers Youth Organisation” (assuming such a body really exists) to provide tangible proof to support their assertions.
“It is essential to base criticisms on facts rather than speculation or puerile political agendas.
“I have neither sponsored nor will sponsor any activities aimed at embarrassing or disrupting the activities of the administration appointed by His Excellency President Bola Ahmed Tinubu GCFR to oversee the affairs of Rivers State following his declaration of a state of emergency on Tuesday, 18th March, 2025, and have rather spent the time of my suspension from office focused on other endeavours and my doctoral studies.
“I reaffirm my commitment to working tirelessly for the progress and development of Rivers State.
“Furthermore, I believe that it is crucial for all stakeholders to promote a culture of truth, integrity, and respect in public discourse.
“Unsubstantiated wild claims undermine trust and hinder constructive engagement, and this is not what the state needs at this difficult and delicate time.
“I urge everyone to focus on issues that unite us and foster a positive, solution-driven dialogue for the betterment of our State, and urge everyone to work together to build a brighter future for Rivers State, grounded in truth, transparency, and collective effort,”she said.
By: John Bibor
News
HYPREP Solicits Regulators, Asset Owners’ Support

The Hydrocarbon Pollution Remediation Project (HYPREP) has called on key regulators, asset owners and other stakeholders to continue to support the agency toward the goal of remediating the Ogoni environment and restoring the livelihoods of the people and building structures for peace.
The Project Coordinator of HYPREP, Prof Nenibarini Zabbey, who made the call during the Project’s first quarter meeting with regulators, asset owners and stakeholders in Port Harcourt, urged the stakeholders to remain resolute in supporting HYPREP’s work.
“We particularly expect each regulatory agency and asset owner to deepen their involvement and continue to provide strategic support to the project”, he said, stressing that the quarterly meeting platform remains instrumental in providing a structural avenue for regulators, asset owners, and implementation partners to offer feedback to HYPREP on project performance and deliberate on ideas that move the project forward, as well as strengthen collaboration, deepen synergy and reinforce collective responsibility.
Zabbey disclosed that the socio-economic study of Ogoni has started, as HYPREP has contacted the International Agency for Research on Cancer of the World Health Organisation(WHO) to commence in the next quarter a three-year human health biomonitoring in Ogoniland.
He noted that work on several fronts of the cleanup project is progressing steadily, adding that as key project partners, the insights and shared experience of the regulators and asset owners have always enriched HYPREP’s operations.
He said the policy thrust of HYPREP for 2025 is clear, as the Project is intensifying efforts to complete within stated timelines, the various ongoing projects, including remediation works and mangrove restoration, potable water facilities, the Centre of Excellence for Environmental Restoration, the Ogoni Power Project, Ogoni Specialist Hospital, and Buan Cottage Hospital, among others.
Zabbey, however, announced that HYPREP would commence new set of shoreline cleanup, mangrove restoration and livelihood projects, to sustain the momentum of implementing the Ogoni cleanup, adding that the agency would also conduct detailed site characterisation of the high-risk complex sites, leading to remediation works at the sites.
He noted that HYPREP’s collaboration with Rivers State Ministries of Health, Power and Environment, and civil society organisations remains vital, stressing that the technical and administrative support of all relevant government agencies and funding partners is indispensable in helping HYPREP overcome operational bottlenecks, especially those encountered in interfacing with host communities.
He further indicated that “the people of Ogoni and the nation are looking to us with hope and expectation, and expect tangible results from the remediation initiative”, assuring the participants that the Project Coordination Office is committed to delivering positive results.
“We must, therefore, continue to work with diligence, transparency, and a renewed sense of purpose”, he declared, saying, “ the completion and commissioning of projects this year must reflect not only our technical ability but also our collective commitment to environmental sustainability and sustainable development in Ogoni.”
During the interactive session, the Project Coordinator briefed the participants on the progress made so far by HYPREP to conclude the distribution of starter packs to the 5,000 Ogoni trainees, and called on contractors who had already collected huge chunk of money for the project, to deliver without further delay.
In all, the regulators, asset owners and stakeholders commended HYPREP for the good works it is doing, and urged it to do more.
The National Oil Spill Detection and Response Agency(NOSDRA) was represented at the event by Deputy Director, Oil Field Assessment, Dr Abam Komommo Omini, while Dr Vincent Nwachukwu, Director of Medical Services, represented the Rivers State Ministry of Health.
The Rivers State Ministries of Water Resources, Power and Environment were represented by Dr Bealo Brownson; Engr K. J. Osele; and Mr James Ordu respectively, while the Society for Women and Youth Affairs (SWAYA); and the Stakeholder Democracy Network(SDN); among other civil society organisations were also at the event.
By: Donatus Ebi
-
Sports2 days ago
La Liga: Ancelotti Hails Potential Successor
-
Oil & Energy2 days ago
Minister Tasks NNPCL On Oil Output Increase By Year End
-
News2 days ago
Mother, Child Electrocuted After Downpour In Benin
-
Sports2 days ago
Newcastle Within Touching Distance Of UCL Spot
-
Politics2 days ago
Northern Govs, Royal Fathers Renew Commitment To Region’s Dev.
-
Sports2 days ago
Manager Wants Hitch free Spires 5-Aside divisional qualifiers
-
Oil & Energy2 days ago
ExxonMobil Earmarks $1.5b For Nigeria’s Deepwater Oil Fields
-
News2 days ago
Administrator Cautions Council Workers Against Partisanship