Niger Delta
$1 Billion ‘Security Fund’: Bayelsa To Sue FG
The Bayelsa State Government has threatened to sue the Federal Government if it refuses to deduct the 13 per cent derivation component of the $1 billion Excess Crude Account funds it plans to withdraw to tackle insecurity in the country.
Governor Seriake Dickson had demanded that the 13 percent derivation component of the funds be deducted and deployed in the oil-producing states to address the peculiar security challenges in the region.
A statement by the Bayelsa government Saturday said although the President Muhammadu Buhari claimed the $1 billion dollar would be used for security purpose, but many Nigerians doubt his sincerity. The statement said the state government had also formally presented its position to the Vice President, Yemi Osinbajo, who is also the Chairman of the National Economic Council.
The State Commissioner for Information, Daniel Iworiso-Markson, said in the statement that the state government was insisting that the 13 per cent derivation component of the money be deducted and sent to the various oil producing states as earlier demanded.
Mr Iworiso-Markson quoted the State Governor, Seriake Dickson, as having explained that withdrawing the $1 billion without deducting and paying the 13 per cent derivation to the oil- producing states would amount to arm-twisting them to make double contributions to the security funds.
The governor said that wholesome withdrawal of the funds inclusive of the 13 per cent derivation would mean that the oil producing states would be making double contributions because they would be contributing their allocations like all other states and then the 13 percent derivation constitutionally provided for, to address security and other pressing needs in the states.
Mr Dickson had earlier called the attention of the Vice President, to the position of the state government on the proposed withdrawal of the ECA funds last December.
The governor had stressed that while Bayelsa was not opposed to the withdrawal of the funds to enhance national security, “the utilization of the funds involving the armed forces, intelligence services and police must cover every part of the country.”
“The Bayelsa State Government will approach the court to enforce deduction of the 13 percent derivation component from the $1 billion ECA funds which the Federal Government claims it plans to withdraw to tackle insecurity. “We have held meetings with the Vice President, President Yemi Osinbajo, on this issue.
We even backed it up with a formal letter to the President through the Vice President which was taken to Abuja by His Excellency, the Deputy Governor and delivered by hand to the Vice President to underscore the importance we attach to the issue in question.
Niger Delta
Pro-Chancellor Hands Over Okey Onuchuku Peace, Conflict Institute Building
History was made on Wednesday 17th June, 2026 when the Okey Onuchuku Institute of Peace and Conflict Studies building was handed over to Ignatius Ajuru University of Education (IAUE).
Speaking during the hand over ceremony, which attracted an array of personalities from various works of life, the 13th Pro-Chancellor and Governing Council Chairman of IAUE, Chief Chinyere Igwe, commended the Vice Chancellor of IAUE, Professor Okechuku Onuchuku, for giving back to the University with the institute’s building project.
While affirming that Government cannot do it all, he encouraged individuals, corporate organizations, institutional partners to ensure the growth of University education in Nigeria.
He praised Tertiary Education Trust Fund (TETFUND) for sustaining University Education in Nigeria, and called for good initiatives and support “that will not only benefit the University, but put IAUE on the map of academic excellence in Nigeria and beyond.”
Earlier, the Vice Chancellor, Professor Onuchuku, expressed gratitude to his wife, Mrs. Chika Onuchuku, and family for all the support given for the vision achieved.

He also thanked his close associates, political friends, well-wishers, and others who donated generously towards the building project.
“The growth of Universities all over the world”, Professor Onuchuku said, “comes from personal efforts of individuals, alumni associations and others.”
He noted that donations as being witnessed is the best way to go and called on all to invest in the Nigerian education system and immortalize their names with worthwhile donations and contributions..
The Okey Onuchuku Institute of Peace and Conflict Studies building, he further stated, “is donated as a Professorial Chair with the Dean of Postgraduate School, Professor Chibuzor Chile Nwobueze, also a Professor of Peace Studies, as the occupant of the Professorial Chair.
Giving his address, the Director, Okey Onuchuku Institute of Peace and Conflict Studies, Professor Kingdom Elendu Ohia Nwaenyi, lauded Professor Okechuku Onuchuku for sacrificing his hard earned salaries, allowances and funds raised from two volumes of textbooks in his honour and titled “Perspectives on Nigeria’s Development”, launched on his 60th birthday.
He noted that the project is the first legacy to be accomplished by any serving Vice Chancellor in the institution.
Professor Nwaenyi stated that the Institute mounted five programmes: Peace and Conflict Studies; Peace Building and Development; Peace Building and Security Studies; Peace Building and Conflict Management; and Peace Education.
The institute, he explained, has birthed over fifty students running programmes in Postgraduate Diploma, M.A, M.Sc, M. Phil, and PhD.
Thirty students are in the PhD programme, fifteen are admitted into the Masters and M.Phil, and eight in Postgraduate Diploma Programme.
He expressed hoped that the Institute would check litigation and provide alternative dispute resolution.
In a vote of thanks, the Chairman, Okey Onuchuku Peace and Conflict Studies and Dean of Postgraduate School, Professor Chibuzor Chile Nwobueze, thanked God for His grace and enablement.
He prayed for the donor and Vice Chancellor of IAUE, Professor Okechuku Onuchuku, and further expressed his gratitude to Professor Isaac Olawale Albert, the third most cited Peace Scholar in the world, for his collaboration in developing a world class curriculum.
While thanking all who supported and celebrated with the University in this regard, Professor Nwobueze assured the public that the Okey Onuchuku institute of Peace and Conflict Studies will emerge as a centre of excellence, contributing meaningfully to scholarship, policy formulation, community engagement and the promotion of peaceful coexistence within Nigeria, Africa and the global Community.
The Institute, he stated, is willing to partner with the Society for Peace Studies and Practice (SPSP) in line with its mandate to promote peace studies, Peace building, Conflict Management and sustainable development.
The institute has over four lecture halls with sixty to one hundred and twenty capacity, a befitting conference hall, offices for staff and a library.
A donation of one million naira was made during the event for the best two graduating students of the institute by Barrister Nyema Wagbara, the Leader of Dynamic Development Club of Port Harcourt based in Rumuolumeni.
Each of the two best graduating students will get the sum of five hundred thousand naira.
The event featured goodwill messages from Professor Isaac Albert, Professor Alwell Nteegah, the Chairman of Society for Peace Studies and Practice, Rivers State Chapter, Dr. Benjamin Ibietonye.
Dr. Emem Nyewene presented the goodwill message of the Society for Peace Studies and Practice National.
Others who gave goodwill messages are Ambassador Green Isaac, the Country Director, Relief International Africa, and Comrade Levi Zachariah George, Chairman Postgraduate Students Association.
The event also featured rendition for Professor Okechuku Onuchuku by Dr Maria Abidiak.
Niger Delta
Oborevwori Commends Police Over Arrest Of Electric Cable Vandals
Niger Delta
We’ll Study INC’s Reconciliation Committee Report – Diri
-
Rivers3 days ago
Rivers Police Uncovers Firearm Concealed In Loaf Of Bread
-
Niger Delta3 days agoPro-Chancellor Hands Over Okey Onuchuku Peace, Conflict Institute Building
-
Sports3 days ago
Six Nigerians To Play For NBA Teams
-
Business3 days agoIPMAN Raises Concern Over Delay In Chinese Refinery Deal …Predicts Lower Fuel Prices Through Competition
-
News3 days agoFubara Reaffirms Commitment To Blue Economy, Private Sector Growth …Calls For Protection Of Marine Resources
-
Business3 days ago
Gas Economy: Decade of Gas, Pi-CNG/ EV Deepen Media Engagement
-
Politics3 days agoSenate Defends Passage Of State Police Bill
-
Sports3 days ago
NPFL Warns Newly Promoted Clubs
