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MEND Threatens To Shut Shell Operations Over Alleged LC Act Violation
The Movement for the Emancipation of the Niger Delta (MEND) has threatened to shut down operations of oil major, Shell Petroleum Development Company (SPDC), over its alleged contravention of Local Content Act pertaining to the appointment of expatriates.
The threat is contained in an electronic mail by MEND’s spokesperson, ‘General’ Gbomo Jommo, yesterday.
The statement said MEND’s attention had been drawn to the alleged nefarious activities of the SPDC which is intended to instigate fresh crises in the Niger Delta and the nation at large.
It said their bitterness bordered on the alleged violation of the Nigerian Content Development Act 2010 and the politics of selective implementation as demonstrated by the SPDC.
MEND said contrary to the provisions of the Act, the SPDC had allegedly continued to disrespectfully engage and retain the services of expatriates in strategic positions that should be held by qualified local content personnel.
The militant group said: “For the avoidance of doubt, we like to point out a clear example of such disrespect for the Act – the appointment and retention of a certain Mr. De Meyer Thierry as manager of Well Engineering.
“It is imperative to note that the office of general manager of Well Engineering in the SPDC before the advent of the Local Content Act in Nigeria was occupied by expatriates (foreigners, ‘the whites’).
“As a matter of fact, the office was occupied by Mr Hans Flikeman (an expatriate). Upon the advent of the Act, however, critical stakeholders including the Ijaw Youth Council, Ijaw National Congress and others took it up with the oil giant, which led to the appointment of Mr Oluruntoba Akinmoladun as the first indigenous general manager of Well Engineering. Thankfully, Mr. Oluruntoba was able to complete his tenure in the company.
“In keeping with the tenure and provisions of the Act, the SPDC upon the expiration of Akinmoladun’s tenure appointed Mr Isaac Iyamu, as general manager. He, thus, took over from Mr. Oluruntoba Akinmoladun.
“Owing to the trademark character of racism and divide and rule, the SPDC framed up Mr Isaac Iyamu and removed him subsequently as manager of Well Engineering in its operations.
“To our utter surprise, they replaced him with an expatriate, a ‘white man’ in utter violation of the Local Content Act. The expatriate who they used in replacing Isaac Iyamu is a certain Mr. De Meyer Thierry. We watched in anger as De Meyer Thierry served out the remainder of the tenure of Isaac Iyamu.
“Again, it is important to point out that the tenure of De Meyer Thierry has now elapsed but the SPDC has continued to retain him as general manager, Well Engineering contrary to the provisions of law. Here lies our bitterness and anger.”
MEND noted that SPDC could not dare to infringe the laws in its home country but felt absolute that it could take the nation and its laws for a ride.
The group said by the oil firm’s action, it was inviting crises in the Niger Delta and as well setting the stage to endanger its operations in the region.
The MEND added: “At a time like this when all hands are on deck to ensure peace in the energy vault and economic hub of the nation, Shell is conversely setting the stage to turn the hands of the clock to the dark old days of total unrest.
“May we here state that we will not beg the SPDC to do the right thing. We will never, never do that! We are by this letter giving Shell a marching ultimatum to immediately replace De Meyer Thierry with a Niger Deltan in line with the Local Content Act, or face a total dismantling of its operations, including the generality of oil and gas operations in the Niger Delta.
“The SPDC is hereby advised to look within its rank and file, of which we are sure there are eminently qualified Niger Deltan people to occupy that office as provided by law. We urge them to forthwith put an end to their white supremacist tendency in the interest of peace.
The group, therefore, urged the Minister of State for Petroleum Resources, Chief Timipre Sylva, the group managing director of NNPC and all other concerned agencies to use their good offices to save the economy and the nation from this imminent crisis that the SPDC intended to bring upon the people.”
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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