Editorial
Recovered Assets’ Agency

Last week, the Attorney General of the Federation, AGF, and Minister of Justice, Malam Abubakar Malami (SAN) disclosed that the Federal Government has approved a new bill, the Proceeds of Crime Recovery and Management Agency Bill, for onward transmission to the National Assembly.
According to the AGF, the bill, which was first conceived in 2007, and rejected by the Federal Executive Council, FEC, of successive administrations, including the current cabinet before it was eventually approved, is geared towards securing a legal and institutional framework that will assist in harnessing proceeds of crimes that are currently scattered across several government agencies and bring them into one agency.
The Tide views this development as a pragmatic strategy in the Federal Government’s fight against corruption and commends the move as a positive one in the right direction. The initiative, we believe, will breathe a measure of air of people’s confidence in the crusade against corruption, which has been the fulcrum of the present administration’s agenda.
We are also happy to note the recent launch of the Central Database on recovered asset and the Central Criminal Justice Information System by the government. The database and information system will, no doubt, ensure transparency and accountability in the management of recoveries from proceed of crimes.
That these initiatives would help promote transparency, better information flow and management is not in doubt, or the impact it would have regarding accountability and trust, as far as recovered assets are concerned.
It is an open secret that public distrust and suspicion have trailed the fight against corruption and the subsequent announcements of recovered or seized assets. Indeed, Nigerians could not whole-heartedly vouch for the sincerity of government and safety of such assets and the situation went a long way to raise more questions than answers over the operations and candour of the anti-graft agencies and their personnel.
There have been numerous questions and calls by Nigerians regarding the exact figure and status of recovered loot by the anti-graft agencies, especially, under the present administration.
That is why we think that the National Assembly should as a matter of national importance consider the Recovered Assets’ Agency Bill and ensure its speedy passage. Passage of the bill and coming into effect of the agency, we believe, will not only ensure uniformity of process and real time access and information feeding, it will put Nigeria on safe pedestal with her membership of international organisations, inclusive of financial action task force, and openness targeted at deepening transparency within the context of United Nations Convention Against Corruption.
In addition, we are convinced that such agency would help block leakages and promote transparency in government. Importantly, also, effective tabs would be in place to secure recovered assets without any room for happenstance, while information on such assets would easily be accessed by Civil Society Organisations, CSOs, Non-Governmental Organisations, NGOs, the media, researchers and ordinary Nigerians. This will, at all times enable the people, particularly, the CSOs to be on the same page with government as far as the status and management of recovered assets are concerned, thereby engendering mutual trust and confidence.
With the agency on board, Nigeria can be in more productive synergy with other developed and transparent countries based on the existence of world accepted best practices.
However, in establishing the agency and choosing the personnel, especially, the management cadre, it is pertinent to ensure that due diligence is observed. It must not be a job for the boys or an opportunity for political, selfish and sentimental considerations. The task should be for not only the eminently qualified and capable individuals, but persons with impeccable antecedents to be able to live up to the demands of the office.
We expect that the agency should be set up and empowered in such a way that it would have internal-check mechanisms, be professional, independent and strong enough to keep a leash on other anti-graft agencies like the Economic and Financial Crimes Commission (EFCC); Independent Corrupt Practices and other related offences Commission (ICPC); and others.
This, we believe, will make the agency effective, accountable and ensure that recovered funds and assets are not relooted one way or another. The Federal Government and the National Assembly must ensure that no effort is spared to put the agency in place within the shortest possible time with all recovered assets put under its custody.
It is indeed time to put the fight against corruption on the table and make sure that it passes through and survives integrity and transparency test in Nigeria.
Editorial
Making Rivers’ Seaports Work

When Rivers State Governor, Sir Siminalayi Fubara, received the Board and Management of the Nigerian Ports Authority (NPA), led by its Chairman, Senator Adeyeye Adedayo Clement, his message was unmistakable: Rivers’ seaports remain underutilised, and Nigeria is poorer for it. The governor’s lament was a sad reminder of how neglect and centralisation continue to choke the nation’s economic arteries.
The governor, in his remarks at Government House, Port Harcourt, expressed concern that the twin seaports — the NPA in Port Harcourt and the Onne Seaport — have not been operating at their full potential. He underscored that seaports are vital engines of national development, pointing out that no prosperous nation thrives without efficient ports and airports. His position aligns with global realities that maritime trade remains the backbone of industrial expansion and international commerce.
Indeed, the case of Rivers State is peculiar. It hosts two major ports strategically located along the Bonny River axis, yet cargo throughput has remained dismally low compared to Lagos. According to NPA’s 2023 statistics, Lagos ports (Apapa and Tin Can Island) handled over 75 per cent of Nigeria’s container traffic, while Onne managed less than 10 per cent. Such a lopsided distribution is neither efficient nor sustainable.
Governor Fubara rightly observed that the full capacity operation of Onne Port would be transformative. The area’s vast land mass and industrial potential make it ideal for ancillary businesses — warehousing, logistics, ship repair, and manufacturing. A revitalised Onne would attract investors, create jobs, and stimulate economic growth, not only in Rivers State but across the Niger Delta.
The multiplier effect cannot be overstated. The port’s expansion would boost clearing and forwarding services, strengthen local transport networks, and revitalise the moribund manufacturing sector. It would also expand opportunities for youth employment — a pressing concern in a state where unemployment reportedly hovers around 32 per cent, according to the National Bureau of Statistics (NBS).
Yet, the challenge lies not in capacity but in policy. For years, Nigeria’s maritime economy has been suffocated by excessive centralisation. Successive governments have prioritised Lagos at the expense of other viable ports, creating a traffic nightmare and logistical bottlenecks that cost importers and exporters billions annually. The governor’s call, therefore, is a plea for fairness and pragmatism.
Making Lagos the exclusive maritime gateway is counter productive. Congestion at Tin Can Island and Apapa has become legendary — ships often wait weeks to berth, while truck queues stretch for kilometres. The result is avoidable demurrage, product delays, and business frustration. A more decentralised port system would spread economic opportunities and reduce the burden on Lagos’ overstretched infrastructure.
Importers continue to face severe difficulties clearing goods in Lagos, with bureaucratic delays and poor road networks compounding their woes. The World Bank’s Doing Business Report estimates that Nigerian ports experience average clearance times of 20 days — compared to just 5 days in neighbouring Ghana. Such inefficiency undermines competitiveness and discourages foreign investment.
Worse still, goods transported from Lagos to other regions are often lost to accidents or criminal attacks along the nation’s perilous highways. Reports from the Federal Road Safety Corps indicate that over 5,000 road crashes involving heavy-duty trucks occurred in 2023, many en route from Lagos. By contrast, activating seaports in Rivers, Warri, and Calabar would shorten cargo routes and save lives.
The economic rationale is clear: making all seaports operational will create jobs, enhance trade efficiency, and boost national revenue. It will also help diversify economic activity away from the overburdened South West, spreading prosperity more evenly across the federation.
Decentralisation is both an economic strategy and an act of national renewal. When Onne, Warri, and Calabar ports operate optimally, hinterland states benefit through increased trade and infrastructure development. The federal purse, too, gains through taxes, duties, and improved productivity.
Tin Can Island, already bursting at the seams, exemplifies the perils of over-centralisation. Ships face berthing delays, containers stack up, and port users lose valuable hours navigating chaos. The result is higher operational costs and lower competitiveness. Allowing states like Rivers to fully harness their maritime assets would reverse this trend.
Compelling all importers to use Lagos ports is an anachronistic policy that stifles innovation and local enterprise. Nigeria cannot achieve its industrial ambitions by chaining its logistics system to one congested city. The path to prosperity lies in empowering every state to develop and utilise its natural advantages — and for Rivers, that means functional seaports.
Fubara’s call should not go unheeded. The Federal Government must embrace decentralisation as a strategic necessity for national growth. Making Rivers’ seaports work is not just about reviving dormant infrastructure; it is about unlocking the full maritime potential of a nation yearning for balance, productivity, and shared prosperity.
Editorial
Addressing The State Of Roads In PH

Editorial
Charge Before New Rivers Council Helmsmen

-
Nation2 days ago
Rivers Chief Judge Pardon 14 Inmates From Prison To End 2024/2025 Legal Year
-
Nation2 days ago
Cancer Care: Expert Seeks Hospice In UPTH
-
News2 days ago
Use Service Year To Build Capacity, Fubara Urges Corp Members
-
Featured2 days ago
Workers’ Audits Not Meant For Downsizing – Walson Jack
-
Nation2 days ago
Union Petitions EFCC, ICPC Over Tax Fraud Allegations Against Daewoo, Saipem
-
Politics2 days ago
Senate Confirms Amupitan As INEC Chairman
-
Nation2 days ago
HYPREP Remains Steadfast In Adhering To International Standards—Zabbey …As Regulators, Asset Owners Hail Project
-
News2 days ago
NERC Approves N28bn For Procurement Of Meters For Band A Customers