Nation
Failed Banks: Odili, Lafiagi, Others Fingered
Senators on Tuesday named Nigerians who abused their positions in banks, borrowed loans worth N53.3 billion, and refused to pay them back, which made the banks to go under.
A report presented to the senate by its committee on banking, insurance and other financial institutions listed a former governor, a former managing director of banks as contributors to such collapse.
A letter dated June 27, 2008 sent by the Nigerian Deposit Insurance Cooperation (NDIC) to the senate NDIC committee attached a list of ‘insider credits’ of 13 closed banks as at June 2008.
But it noted that in view of the fact that the accounts are insider related, the records are constantly reviewed and reconciled.
Those listed include former Kwara State Governor, Mohammed Lafiagi (N1,156,776.57 unlimited personal guarantee); Sanusi Ado Bayero (N45,003,963.93); former Gulf Bank Managing Director, Babajide Rogers (N11,874,216.56); Chrome Services and Related Companies chairman, Emeka Offor (N3,850,016,620) personal guarantee of Offor and 100,000 units of ordinary shares of Environmental Remediation Holding Corporation, USA), and another N3,850,016,620 loan without guarantee.
Victor Odili, N41,103,498.56 – fixed and floating debenture on the assets of the company, N2,628,979.05; N10,856,129.75.
Owner of liquidated All States Trust Bank now Federal Airports Authority of Nigeria (FAAN) chairman, Ebitimi Banigo, Nta Henshaw, and others (N48,551,995,304.83); former Progressive Peoples Alliance (PPA) Governorship candidate Remi Bakare (N1,093,247,535.40); Mike Ajegbo (N210,291,896.21); C.M. Ibeto (N643,340,680.92); and former Information Minister, Dapo Sarumi (N3,847 743.90).
Oluwaogbon Motors chairman, S.O. Bakare (N544,585,269.86 and N21,311,398.59); former City Express Bank chairman, Samuel Adedoyin; former City Express Bank chief executive officer, Sola Adeoti, Former Minister of State for Health, Funke Adedoyin (N5,131,275,864.01); and Angela Onyeador (N30,755,363.13-legal mortgage).
Committee chairman, Nkechi Nwaogu, noted that 50 banks failed because of the huge debts that were never paid, including 36 which crashed before consolidation in 2005, and 14 after consolidation.
But less than two minutes after she read out the list, threatening death text messages flooded her mobile telephone, according to Eyinnaya Abaribe who sat beside her.
Based on the death threats, senate president David Mark, directed the inspector general of police, Mike Okiro, to provide personal security for all the 12 members of the committee immediately.
He lamented that the debtors could go to the extent of threatening the lives of the committee members when they are supposed to be ashamed.
Mark told the committee members: “You have performed wonderfully well and there is absolutely nothing for you to fear because you have done what you ought to do for your country.
“All those sending text messages to you should think twice about what they have done to this country rather than having effrontery to send text messages to you.
“All of us here take collective responsibility for this report. It is not a report from senator Nkechi Nwaogu”

Chairman, Rivers State Council of Traditional Rulers and Oba of Ogbaland, HRM, Eze Chukwumela Nnam Obi (right), with former Head of State, Major-General Muhammadu Buhari as guests at the first Marshall Harry Memorial Lecture in Port Harcourt, last Monday. Chris Monyanaga.
Nation
Sachet Alcohol Fuels Binge Drinking Among Nigerian Youths, Group Warns
The Standard Bearers (SB) Islamic Organisation has raised concerns over the growing rate of binge drinking among Nigerian youths, attributing the trend largely to the widespread availability of sachet alcohol.
The group’s position follows the recent move by the National Agency for Food and Drug Administration and Control (NAFDAC) to enforce a ban on alcoholic beverages packaged in sachets and bottles below 200 millilitres.
In a statement jointly signed by its National Coordinator, Dr. Nurudeen AbdulRaheem, and National Secretary, Malam Qaasim Adegbuyi, the organisation declared its full support for NAFDAC’s decision, describing it as a timely and necessary public health intervention.
AbdulRaheem noted that sachet alcohol, often sold for as little as ?100, has made excessive drinking more accessible, particularly to young people and minors. According to him, the affordability and small packaging of such products have worsened binge drinking, youth addiction and community insecurity.
He explained that binge drinking involves consuming multiple alcoholic drinks within a short period, typically within two hours, a practice that can lead to severe physical and mental health complications as well as legal and social problems.
The SB National Coordinator cited global health data indicating that alcohol is responsible for more than three million deaths annually worldwide and remains a major contributor to road accidents, violence, liver disease and mental health disorders.
While acknowledging concerns from industry stakeholders over the economic implications of the ban, AbdulRaheem maintained that public health considerations must take precedence.
“Public health and the protection of young lives must come first,” he stated, adding that Islamic ethical values, like many societal norms, emphasise the protection of life, intellect and family stability.
The organisation urged NAFDAC and the Federal Government to remain resolute in implementing the policy while also providing transition support for businesses that may be affected by the ban.
According to the group, the enforcement of the ban represents a significant step toward promoting a safer and healthier society.
By Favour James
Nation
HYPREP Unleashes 100 Ogoni Youths Into Maritime Industry …Tasks Them On Discipline, Safety
The Hydrocarbon Pollution Remediation Project (HYPREP) has successfully concluded its Seafarers Training Programme for 100 Ogoni youths, positioning them for opportunities in the competitive global maritime industry.
The beneficiaries, who underwent four months of intensive training at Charkin Maritime Academy, Port Harcourt, received their certificates during a close-out ceremony held on Tuesday, February 10, 2026. The event was attended by top management staff of HYPREP, the HYPREP Project Support Lead and Representative of Renaissance Africa Energy Company Limited, the Executive Director of Training and Strategic Planning of Charkin Maritime Academy, the Head of the Seafaring Department, the Principal Consultant of DCL Consulting Firm, and other dignitaries.
Addressing the graduates, HYPREP Project Coordinator, Prof. Nenibarini Zabbey, described the ceremony as a celebration of hard work, dedication, and the beginning of a new chapter in the lives of the young beneficiaries.
He said the graduation symbolises vision, resilience, and hope — hope translated into skills, certificates, and tangible opportunities for a better future for Ogoni youths.
According to him, the passing-out ceremony marks an important milestone in HYPREP’s mandate to restore livelihoods and promote sustainable development in Ogoniland. He urged the beneficiaries to make productive use of the skills and certifications acquired.
“These skills and achievements should not end here but serve as a springboard for self-reliance, dignity of labour, and long-term economic empowerment for the good of Ogoniland and Nigeria,” he stated.
Prof. Zabbey noted that the seafaring programme is significant not only to the beneficiaries but also to HYPREP’s broader livelihood restoration strategy and the Federal Government’s blue economy agenda.
He explained that by equipping the youths with globally relevant maritime skills, HYPREP is opening alternative income opportunities while discouraging oil theft, artisanal refining, re-pollution, and other environmentally harmful practices. He added that the initiative aligns with the directives of the 2016 HYPREP Establishment Gazette and reinforces the Project’s commitment to implementing the recommendations of the UNEP Report on Ogoniland.
Commending Charkin Maritime Academy as a dependable training partner, Zabbey described the institution as one of the foremost maritime training centres in the country.
“This partnership has delivered high-quality results today, and we intend to expand it as we intensify efforts to provide sustainable alternative livelihoods for the Ogoni people,” he said.
He expressed confidence in Ogoni youths as drivers of unity, peace, and progress, noting their resilience and commitment to peace in the area. He reaffirmed HYPREP’s commitment to supporting the aspirations of youths and women in Ogoniland.
The Project Coordinator likened knowledge and certificates to fuel in a vehicle, stressing that they are meant to propel the graduates toward greater heights.
“We hear your voices calling for restoration, and today, environmental and livelihood restoration are gradually unfolding before your eyes, bringing renewed hope. We continue to lay brick upon brick, building pillars of Ogoni development, as evidenced by the Centre of Excellence for Environmental Restoration (CEER), which is 93 per cent completed,” he added.
He emphasised that HYPREP’s approach integrates all projects and interventions toward achieving environmental sustainability and long-term development in Ogoniland.
Also speaking, the HYPREP Project Support Lead and Representative of Renaissance Africa Energy Company Limited, Engr. Ehioze Igbinomwahia, said the graduates had gained not only technical maritime skills but also discipline, resilience, and confidence to compete globally.
He described their graduation as the beginning of a new journey and noted that the UNEP Report emphasised that environmental restoration must be complemented by sustainable livelihoods, capacity building, and youth empowerment.
“Without empowering people, restoration cannot be complete. Programmes such as this maritime training represent practical steps toward creating employment pathways, dignity, and long-term community stability,” he said.
Engr. Igbinomwahia added that Renaissance Africa Energy Company Limited remains committed to supporting environmental recovery, human capacity development, and sustainable economic opportunities in Ogoniland and the wider Niger Delta.
Highlighting the importance of discipline and safety, he urged the graduates to be ambassadors of professionalism and integrity.
“The sea you are about to enter is vast and sometimes challenging, but it is also full of opportunity. Let discipline guide your actions, let safety remain your constant companion, and let your character speak for you wherever you go,” he advised.
Similarly, the Executive Director of Training and Strategic Planning at Charkin Maritime Academy, Captain Joseph Awodeha, who represented the Chairman, Dr. Charles Wami, emphasised discipline and safety as critical to career success in the maritime sector.
The Head of the Seafaring Department, Captain Jonathan Hammond, urged the graduates to remain humble and disciplined, noting that such virtues are essential for career growth.
In his remarks, the Principal Consultant of DCL Consulting Firm, Barrister Dornu Baridan, commended the beneficiaries for successfully scaling through the
rigorous selection process and completing their training as seafarers.
Nation
Nigerian Society of Engineers Inaugurates 14-Member Executives In Rivers”
The Nigerian Society of Engineers, Port Harcourt Branch, Rivers State, has elected 14 member executives to lead the organization for the 2025/2026 year. Engr. Belema Fubara Ekine, FNSE, is the 23rd chairman.
The inauguration ceremony, held at the Engr. Ishmael A. Branch Secretariat, 3 Benard Carr Street (Waterworks Yard), Port Harcourt, attracted members of the engineering profession from within and outside the state.
Other elected executives include:
Engr. Samuel H. Kwelle, MNSE – Vice Chairman
Engr. Dr. Promise Jumbo, FNSE – General Secretary
Engr. Priye P. K. Lawson, MNSE – Assistant Secretary
Engr. Patrick O. Udegbunam, MNSE – Treasurer.
Others are Engr. Hilda D. Batubo, MNSE – Financial Secretary
Engr. Bowei M. Dauseighe, MNSE – Technical Secretary
Engr. Charles O. Okwakpam, MNSE – Assistant Technical Secretary
Engr. Agnes Komolafe, MNSE – Membership Secretary
Engr. Dike N. Livingstone, MNSE – Publicity Secretary
Also elected are Engr. Ayebaye Daniel Wanatoi, MNSE – Welfare Secretary
Engr. Oribiokpomari I. Comfort, MNSE – Internal Auditor
Engr. Dr. Idaeresoari Harriet Ateke, FNSE – Immediate Past Chairman
Engr Dr Hachimenum Amadi, FNSE (Ex-Officio)
In his a goodwill message, the Secretary to the Rivers State Government, Hon. Frederick Anabraba, urged the new executive to maintain high ethical standards and move the association forward.
In his acceptance speech, the newly elected chairman, Engr. Belema Fubara Ekine, FNSE, promised an inclusive administration and teamwork, focusing on collaboration with stakeholders. He had begun building partnerships with Rivers State University and the University of Port Harcourt.
The highlight was the inauguration lecture, “Engineering Solution for Security, Energy Access and Sustainable Development,” delivered by Engr. Victor Bandele, Deputy Managing Director, Deepwater Assets, TotalEnergies EP Nigeria Limited.
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