The Nation Newspaper

Author: The Nation

  • UBA, Lagos partner in $100m vehicle financing programme

    UBA, Lagos partner in $100m vehicle financing programme

    A programme that will boost transportation in Lagos through funding of vehicle ownership was launched yesterday.

    No fewer than 3,500 beneficiaries are projected to benefit from the scheme which is intended to be extended to other parts of the country.

    The United Bank for Africa (UBA) Plc is anchoring the programme with $100 million financing partnership with the Lagos State Government, CIG Motors and Lagride.

    Lagride is a hailing transport firm partly funded by the Lagos State Government.

    The deal is expected to redefine urban mobility and deepen financial inclusion.

    By the partnership, tagged “Drive-to-Own”, UBA will be the key financier, offering loan subscriptions that will allow beneficiaries to own CIG/Lagride vehicles with equity payments of 10 per cent of the total cost, with the remaining amount payable over a period of 48 months.

    The scheme was unveiled at the Lagos State Government Secretariat, Alausa, Ikeja.

    READ ALSO: Turaki-led PDP begs Nigerians for another chance

    UBA’s Group Managing Director/Chief Executive Officer (GMD/CEO) Oliver Alawuba highlighted the bank’s visionary commitment to inclusive economic growth, fostering MSME development, and creating tangible opportunities for the younger generation.

    He said: “This partnership with Lagride is transformational. It will drive inclusivity for economic growth and ensure progress for everyone. We are committed to helping you, and please believe me, this is just the beginning.”

    The UBA boss used the forum to share a deeply personal testament about the power of opportunity, saying, “my father started as a driver. I went to school – thanks to that income… That will be the story of some of you, and even better,” he said.

    Alawuba also emphasised UBA’s focus on solving immediate, on-the-ground challenges, added: “I am personally looking at the immediate problems we have right here in Lagos as we will be connecting the initiative to broader urban development. Lagos will change because of us. And we will not stop in Lagos; we will move beyond.”

    Echoing the GMD’s vision, UBA’s Head, SME Banking, Babatunde Ajayi, noted that this partnership is built on a fundamental rethinking of traditional banking models.

    “Not every business has a shop. Some businesses have wheels. Every commercial driver is running a business, yet they have remained outside formal finance. We did not ask if they fit our old structures; we designed credit that fits their reality, and that is the way we work at UBA,” Ajayi said.

    Lagride Chairman Diana Chen, who noted that the company had built a data-driven and credit-ready mobility platform for drivers, identified transportation as the backbone of Africa’s economic future.

    Chen said: “Lagride now stands as the most structured, data-driven and credit-ready mobility platform in Nigeria. “This data enables UBA to evaluate driver performance with accuracy and confidence, creating a new standard for bankable driver financing.”

    The partnership strategically aligns with the strengths of the three organisations, with UBA providing the financial backbone, CIG acting as a trusted provider of viable business opportunities and Lagride offering a technology-driven platform that guarantees a sustainable and dignified livelihood for its driver-partners.

  • Ahmed quits after Dangote’s corruption allegation

    Ahmed quits after Dangote’s corruption allegation

    • NUPRC CEO Komolafe resigns

    • President replaces oil agencies’ chiefs

    The allegation of corruption leveled on Sunday by billionaire industrialist Aliko Dangote against Farouk Ahmed, Chief Executive Officer of the petroleum regulatory agency, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), led to Ahmed’s resignation yesterday.

    He left the job after a 30-minute visit to President Bola Ahmed Tinubu at the Presidential Villa.

    The Presidency also announced the resignation of the Chief Executive Officer the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe.

    Both of them were promptly replaced – letters requesting their confirmation were sent to the Senate.

    Dangote and Ahmed had been at loggerheads over downstream petroleum regulation and the future of domestic refining in Nigeria.

    At a news conference on Sunday at the Dangote Petroleum Refinery, Dangote accused the NMDPRA under Ahmed’s leadership of economic sabotage, alleging that regulatory actions were undermining local refining capacity.

    He claimed that the continued issuance of import licences for petroleum products was frustrating domestic refiners and entrenching Nigeria’s dependence on fuel imports.

    Dangote also alleged that the regulator was colluding with international traders and petroleum importers to the disadvantage of local operators.

    The billionaire businessman also made personal allegations against Ahmed, claiming that the NMDPRA chief was living beyond his legitimate means.

    Dangote alleged that about $7 million was spent on the children’s secondary education over six years, with an additional $2 million allegedly spent on tertiary education, including $210,000 for a 2025 Harvard MBA programme for one of them.

    Dangote also placed advertorials in leading newspapers to drive home  his allegations against Ahmed.

    The controversy deepened on Tuesday when Dangote, through his lawyer, Ogwu James Onoja (SAN), petitioned the Independent Corrupt Practices and Other Related Offences Commission (ICPC), calling for Ahmed’s arrest, investigation and prosecution.

    READ ALSO; Farouk Ahmed: A challenge for EFCC

    In the petition addressed to ICPC Chairman, Dr. Musa Aliyu, Dangote alleged that the NMDPRA boss spent over $7 million on his children’s education without evidence of lawful income.

    The petition reportedly included the names of the children, the schools attended and detailed figures for verification.

    Ahmed arrived at the Presidential Villa at about 5:30 p.m. and left after less than 30 minutes.

    He declined to speak with reporters on the outcome of the meeting.

    In a statement  yesterday, Ahmed said he would not engage Dangote in a media exchange, noting that the matter was now before a formal investigative body.

    “Thankfully, the person behind the allegations has taken it to a formal investigative institution.

    “I believe that would provide an opportunity to dispassionately distil the issues and clear my name,” he said.

    Ahmed also issued a disclaimer distancing himself from a viral rejoinder circulating on social media purportedly defending him.

    Acknowledging the public frenzy generated by the allegations, Ahmed said he had chosen restraint.

    “As a regulator in a sensitive industry, I have opted not to engage in public brickbats,” he added.

    Following Ahmed’s and Komolafe’s exit, President Tinubu forwarded the names of their proposed successors through separate letters read at plenary, requesting the Senate’s expedited consideration of Oritsemeyiwa Amanorisewo Eyesan as Chief Executive Officer of the NUPRC and Saidu Aliyu Mohammed as Chief Executive Officer of the NMDPRA.

    Ahmed and Komolafe were appointed in 2021 by former President Muhammadu Buhari to head the two regulatory agencies created under the PIA to oversee Nigeria’s upstream and midstream/downstream petroleum sectors.

    A statement yesterday by the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, described the nominees as seasoned professionals with decades of experience in the oil and gas industry.

    Eyesan, an Economics graduate of the University of Benin, spent nearly 33 years with the Nigerian National Petroleum Company Limited (NNPC) and its subsidiaries.

    She retired in 2024 as Executive Vice President, Upstream, having previously served as Group General Manager, Corporate Planning and Strategy, from 2019 to 2023.

    Mohammed, born in 1957 in Gombe State, holds a Bachelor’s degree in Chemical Engineering from Ahmadu Bello University, Zaria, obtained in 1981.

    He was also announced on Wednesday as an independent non-executive director of Seplat Energy.

    His career spans several senior leadership roles, including Managing Director of the Kaduna Refining and Petrochemical Company and the Nigerian Gas Company.

    He also served as chairman of the boards of the West African Gas Pipeline Company, Nigeria LNG subsidiaries and NNPC Retail.

    As Group Executive Director and Chief Operating Officer of the Gas and Power Directorate at NNPC, Mohammed provided strategic leadership for major gas projects and policy frameworks, including the Gas Master Plan, the Gas Network Code and contributions to the Petroleum Industry Act.

    He played a key role in landmark projects such as the Escravos–Lagos Pipeline Expansion, the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and Nigeria LNG Train projects.

  • Tinubu to Niger Delta leaders: expect accelerated development

    Tinubu to Niger Delta leaders: expect accelerated development

    President Bola Ahmed Tinubu yesterday told leaders and people of the Niger Delta to expect accelerated development.

    He urged them to look beyond the region’s years of neglect and work constructively with his administration to accelerate development.

    The President assured them that his administration was committed to delivering lasting progress and defeating terrorism and other security threats.

    The President spoke while hosting leaders of the Ogbia Kingdom in Bayelsa State at the State House, Abuja.

    He acknowledged the historical marginalisation of the oil-producing region but stressed that dwelling on the past would do little to change its fortunes.

    Instead, he said, the focus must now be on collaboration, determination and measurable progress.

    “We cannot excuse the neglect of the past, but living in the past will do us no good, except take it and run with it now, carefully,” Tinubu said.

    He assured the delegation that his administration would work closely with Niger Delta indigenes serving in government, particularly the Managing Director of the Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, to deepen development efforts in the region.

    READ ALSO: Turaki-led PDP begs Nigerians for another chance

    Describing the Niger Delta as “the goose that lays the golden egg,” the President admitted that successive administrations had failed to adequately cater for the area, but said the opportunity now exists to correct those shortcomings.

    He praised Dr Ogbuku as “a transformative, committed and highly focused” public servant whose passion for national service has helped refocus attention on the development needs of the Niger Delta.

    “Your son, Dr Ogbuku, the MD of the NDDC, is a transformative, committed, highly focused MD. His commitment to duty and love for the nation are noticed by all, including myself,” Tinubu said.

    He assured the delegation that infrastructure projects across the region, including roads, street lighting and other community-level interventions, would be sustained.

    “You mentioned the street lights, the roads, and the infrastructure development. We will continue with that, and we won’t let you down,” he said, commending the people of the Niger Delta for their contributions to Nigeria’s development in both human and material resources, as well as their commitment to peace.

    The President said his administration is already witnessing tangible impacts of ongoing Niger Delta programmes, particularly in expanding economic activities through solar lighting and other initiatives that have extended business hours and improved livelihoods in previously underserved communities.

    “When we watch Niger Delta programmes, I see market women and traders enjoying solar light at night in places where, before, communities went to sleep by 6:30 or 7pm. That has changed,” he said, adding that such interventions align with his broader goal of ensuring that ordinary Nigerians feel the benefits of economic recovery.

    President Tinubu noted that the national economy, which he said was in a dire state when his administration took office, has now “turned the corner for good,” stressing that the priority is to translate macroeconomic improvements into real gains for people at the grassroots.

    Responding to specific requests from the Ogbia leaders, the President assured them that issues such as erosion control, bridge construction and other infrastructure critical to economic growth would be addressed.

    He also pledged support for educational and historical initiatives, including plans to immortalise Oloibiri as the site of Nigeria’s first oil discovery through the establishment of a dedicated institute.

    “We will look into the erosion and tame it. On the bridge, that is infrastructure that promotes economy and progress. We’ll see to that and other areas of collaboration,” he said, adding that he would continue to work closely with Dr Ogbuku and relevant legislators to advance the region’s development agenda.

    President Tinubu also paid tribute to former President Goodluck Jonathan, describing him as “a good leader and a good son of Nigeria,” and pledged to continue honouring his commitment to democratic values, justice and fairness.

    On national security, the President assured the delegation that his administration remains resolute in confronting terrorism, banditry and other forms of insecurity threatening parts of the country.

    He said security forces are making steady progress despite the challenges.

    “No matter how long, success is being achieved. We are prosecuting them, arresting them and neutralising some of them, and we will continue to do that.

    “Men and women of the armed forces are fighting very hard to bring peace and stability to the country, and I can guarantee you we will win over terrorism,” the President said.

    He reaffirmed his commitment to the concerns raised by the Ogbia leaders and expressed confidence that sustained cooperation would help unlock the Niger Delta’s full potential and strengthen national stability.

  • Why NDIC revoked N4.5b house sale to Senator Bunza, by MD

    Why NDIC revoked N4.5b house sale to Senator Bunza, by MD

    The Nigeria Deposit Insurance Corporation (NDIC) has explained why it revoked the N4.5 billion house sale contract involving Senator Farouk Bello Bunza, insisting that the decision was based strictly on his non-compliance with the terms and conditions of the offer, not politics, discrimination or absence of a title document.

    Managing Director of NDIC, Mr. Thompson Oludare Sunday, told reporters that the property was sold on an “as is” basis, a condition clearly communicated to the buyer at the point of offer.

    “When you buy a property as is, you take it with all its defects,” Sunday said. “It is similar to buying at an auction. You cannot complain afterwards about defects that were disclosed from the beginning.”

    He explained that the property in question was a mortgaged property belonging to a debtor of a failed bank under an equitable mortgage arrangement, meaning the title document was never perfected or handed over to the bank before NDIC assumed control.

    “In this case, the title document was not among the assets taken over by the NDIC. Our examiners only record what they physically meet when we assume control of a failed bank. We cannot release a title document we do not have,” he said.

    According to the NDIC boss, the fundamental reason the contract was revoked was Senator Bunza’s failure to fulfil the terms and conditions of the offer within the stipulated timeline, which automatically terminated the contract.

    “The issue is not title. We have sold properties without title before. The real issue is the outstanding sum. Nobody prevented him from paying. If the conditions stipulated had been fulfilled and payment completed, this matter would not have arisen,” Sunday stated.

    He explained that the senator requested a 36-month repayment period, which NDIC rejected in favour of six months, citing the Corporation’s obligation to depositors of failed banks.

    READ ALSO; Farouk Ahmed: A challenge for EFCC

    “We cannot tell depositors to wait three years for their money. Our duty is to recover assets quickly and pay depositors. That is why the 36-month proposal was unacceptable,” he said.

    Sunday also addressed claims that NDIC was attempting to resell the property to a politically connected individual from the South-West, describing the allegation as baseless.

    “NDIC advertises its properties openly. Anyone from any part of the country can buy. If we intended to sell to a preferred buyer, we would not have offered it to him in the first place,” he said.

    He further revealed that an earlier letter suggesting the release of the title document upon payment was written by junior staff-member without authorisation and was promptly nullified.

    “That letter was outside the powers of those officers and contrary to the NDIC Act. Internal disciplinary processes were immediately initiated,” he added.

    The managing Director noted that Senator Bunza had successfully completed transactions on one other property sold by NDIC, underscoring the absence of bias or discrimination.

    “He bought two properties. One was concluded and he has taken possession. This clearly shows there was no victimisation,” Sunday said.

    While affirming Senator Bunza’s right to seek legal redress, Sunday emphasized that the NDIC remains committed to the realization of assets in the best interests of depositors and other creditors. Accordingly, the property will be advertised for open bidding, providing Senator Bunza with the opportunity to participate alongside other prospective bidders.

    He reaffirmed NDIC’s commitment to transparency, integrity and the protection of depositors’ funds, stressing that the Corporation would not compromise due process under any circumstances.

    “Our responsibility is to the law and to depositors. We cannot bend the rules or create documents that do not exist,” Sunday concluded.

    Sunday explained the circumstances surrounding the aborted sale of a prime Banana Island property belonging to the defunct Heritage Bank, saying that the Corporation’s actions were guided by law, transparency and the need to protect depositors and creditors.

    He said the media briefing was convened to clarify public misconceptions and set the record straight on the transaction involving Senator Bunza.

    According to the NDIC, Senator Bunza entered into a purchase agreement with Heritage Bank in January 2024, five months before the bank’s licence was revoked by the Central Bank of Nigeria.

    He said the property, located at Plot 55, Federal Government Layout, Banana Island, Ikoyi, was priced at N4.5 billion, payable over 36 months, of which about N833.3 million had been paid before the bank was taken over by the NDIC in June 2024 following its liquidation.

    He said following a statutory review of all contracts of the failed bank, the Corporation discovered that the terms of the sale were unfair and prejudicial to stakeholders, particularly as the property was a mortgaged asset tied to a debtor with outstanding liabilities of about N35.79 billion.

    He said a fresh valuation carried out as at January 2024 when the contract was executed with the failed bank put the property’s worth at N7.005 billion, prompting the NDIC to re-offer it to Senator Bunza at that price in consideration of his prior payments, rather than immediately rescind the contract.

    He said that the offer was, however, rejected by the senator, who insisted on the original terms.

    He further explained that a subsequent downward revaluation to N4.76 billion was influenced by land reclamation activities that diminished the property’s beachfront value, although the offer came with strict conditions, including formal acceptance, execution of a deed of undertaking and a clearly defined payment schedule.

    He said: “Despite making a substantial instalment payment, Senator Bunza failed to formally accept the offer or comply with other mandatory conditions, leading to the automatic termination of the contract under its terms.”

    He insisted that the transaction remains cancelled due to the senator’s non-compliance with stipulated terms of the offer and refusal to accept official correspondence, adding that all monies paid, amounting to over N2.6 billion, would be refunded.

    He said that the NDIC acted within the provisions of the NDIC Act and other enabling laws, insisting that its asset disposal process is open, professionally driven and aimed at maximising value for depositors and creditors of failed banks.

  • Ibas left N600 billion in Rivers account, says Fubara

    Ibas left N600 billion in Rivers account, says Fubara

    Rivers State Governor Siminalayi Fubara yesterday said that Administrator Ibot-Eke Ibas left N600 billion in the state’s coffers after the expiration of the six month emergency rule declared by President Bola Ahmed Tinubu.

    He also explained that his administration left N300 billion in the account before the emergency rule.

    The emergency rule lasted between March 18 and September 18, when it was lifted.

    Fubara spoke on the state finance during the inauguration of the 14.2km Obodhi-Ozochi Road in Ahoada East and Ahoada West initiated by his predecessor,  former Governor Nyesom Wike, Minister of the Federal Capital Territory (FCT).

    The road redesigned by his administration.

    Fubara gave the clarification, following the repeated claim by the Speaker of the House of Assembly, Martins Amaewhule, that the former administrator, Vice Admiral Ibas,  left N600 billion in the treasury.

    Excited at the crowd mobilised by his Chief of Staff, Edison Ehie, to receive him, the governor urged the former lawmaker to translate it into tangible votes for the re’election of President Tinubu in 2027.

    Fubara, who said he had kept diligent records of the money spent by his administration, added that he would tender the record soon.

    He said his government would not be associated with fraudulent acts in the course of project execution.

    Fubara said: “When we left during the emergency rule, our records are there. We left over N300bn and when we came back, we met about N600bn. Every penny that we are spending, the records are there, and  theevidence of it will be shown between now and the next six months.

    READ ALSO: Turaki-led PDP begs Nigerians for another chance

    “So, there is no issue with what we are doing with our money, or what are we doing with the money we met. At least, nobody can take away my sincerity. I am not associated with anything that has to do with fraudulent acts.

    “If there is one thing I can say and do, and I am even proud of, it is that nobody can associate me with anything that has to do with any bad thing.

    So, your money and the record of how it is being spent is intact. We have strong projects that we are doing. May be, the reason some persons believe that there is something that is happening and they are not aware is that we don’t believe in flagging-off projects except otherwise necessary.”

    He added: “We believe in commissioning them. We don’t want to spend money to fag-off projects and also spend money to commission. So, let’s save you the money for flagging-off and entertain when we are ready to tell you that this is what we have done with your money. Call me any day and anytime the record is there”.

    Fubara said he had kept diligent records since he started working in the accounts department for the administration that preceded the Wike’s government.

    He stressed: “Right from the time I started working as a government or the time I started taking responsibility in accounts, my records are there. I am not talking about the immediate past administration, I am talking about previous administrations before these ones.

    “The records are there. Call me any day and I will show you the records. If it comes to issues of record keeping, it is my profession. So, you don’t need to worry about what happens to your money. We are using your money for the interest of Rivers people. We are using it for the betterment of Rivers State. We are using it as one of the things you are seeing here today., delivering on the needs of our people.

    “So, let me assure you that we are not going to let any of you down. We know the sacrifices you have made for us and for that reason alone, we are not going to take any of you for granted.

    “Continue to believe in us and listen to us when we speak to you, because we know that at the end of the day, our position God willing will be the true position of our dear state”.

    Fubara acknowledged that the project was initiated by his predecessor before the 2023 general election.

    He said: “This project was initiated by my predecessor and it was because of the special support and the energy that he saw in the person of Rt. Hon. Edison Ehie.

    “He called him and said, what do you want me to do, because I want us to make sure that we dominate Ahoada-East and Ahoada-West in the forthcoming election, which is the 2023 election? Edison said at that time, this is the project I want you to do for the people. To the glory of God, my predecessor initiated this project in November 2022.

    “As a matter of fact, because of this project, Edison Ehie gave his all in that election and our victory wasn’t questionable in both local government areas. So, when we came on board, it is natural that we see to the completion of this project.

    “To show our support we extended this project from the initial design. We added 4.2 kilometers that made it 14.2 kilometers. That is the little way we can say thank you for the support of your son. You have also demonstrated it today, that every kilometer you gave us a cow, and that is 14 cows.

    “What have you demonstrated today? You have demonstrated love, and what do I owe you in return is to also support you. You have made a request here for the extension of the road, consider it done.”

    Fubara urged urged the crowd that came out to receive him to vote for the President in the next election.

    He said: “I have only one request. On my way in here, I couldn’t access my seat, because of the mammoth crowd. This crowd, Edison Ehie and his group, I am asking; translate this crowd to the support that we are going to give to Mr. President come 2027.

    “We know that when this crowd comes out, it is a walkover here. You did it for me in 2023. Start preparing the grounds for 2027 for Mr. President.”

  • ICRC reaffirms Nigeria’s investment appeal as C’River Gov. receives certificate for Bakassi Deepsea

    ICRC reaffirms Nigeria’s investment appeal as C’River Gov. receives certificate for Bakassi Deepsea

    Nigeria’s growing stature as a preferred destination for large-scale private investment was reaffirmed as the Governor of Cross River State, Senator Bassey Otu, received the Full Business Case Certificate of Compliance for the $2.27 billion Bakassi Deep Seaport Project, a landmark Public–Private Partnership (PPP) approved by the Federal Executive Council (FEC) last week.

    The certificate was formally presented by the Honourable Minister of Marine and Blue Economy at a ceremony witnessed by the Infrastructure Concession Regulatory Commission (ICRC), the statutory regulator of PPP projects in Nigeria. The milestone underscores the confidence of global investors in Nigeria’s reform-driven investment climate under President Bola Ahmed Tinubu, as well as the administration’s emphasis on effective collaboration between the Federal Government and sub-national governments to deliver transformative infrastructure.

    Speaking at the event, the Director-General of the ICRC, Dr. Jobson Oseodion Ewalefoh, described the Bakassi Deep Seaport as a strong demonstration of Nigeria’s growing attractiveness as an investment destination, anchored on policy clarity, investor confidence, and effective collaboration between the Federal Government and sub-national governments.

    According to Dr. Ewalefoh, the project clearly reflects the vision of President Bola Ahmed Tinubu, who has consistently championed cooperation between national and state governments as a pathway to unlocking large-scale, privately financed infrastructure.

    “What we are witnessing today demonstrates the vision of Mr. President. He has always preached collaboration between the national and the sub-national, and he has led from the front. This project is a partnership between the Federal Government and a sub-national government to give birth to the Bakassi Deep Seaport,” he said.

    He noted that the scale of the Bakassi Deep Seaport highlights the critical role of private capital in bridging Nigeria’s infrastructure gap, adding that while states may not shoulder such investments alone, credible investors are increasingly willing to do so within Nigeria’s evolving PPP framework.

    Dr. Ewalefoh further observed that the project sends a powerful signal to the global investment community about the confidence investors have in Nigeria’s economy and leadership, stressing that government’s role remains the creation of an enabling environment that attracts long-term capital.

    He commended the Honourable Minister of Marine and Blue Economy for his hands-on leadership and sustained engagement in advancing the project, as well as the commitment of the Cross River State Government, describing the Bakassi Deep Seaport as a model for other states to leverage PPPs for economic growth, regional integration, and job creation.

    The ICRC Director-General concluded that the project represents a clear vote of confidence in the leadership of President Bola Ahmed Tinubu, and a strong message to investors that Nigeria is open, ready, and competitive across sectors.

    The Honourable Minister of Marine and Blue Economy described the presentation of the Full Business Case Certificate of Compliance as a historic milestone for Nigeria’s marine and blue economy, noting that the sector had long fallen short of its potential despite the country’s strategic advantages. He said the project marks a deliberate shift toward addressing longstanding capacity gaps in maritime trade and infrastructure.

    He added that under President Bola Ahmed Tinubu’s Renewed Hope Agenda, the marine and blue economy has been prioritised as a key pillar of economic growth, sustainability, and competitiveness. According to him, the Bakassi Deep Seaport reflects a clear policy direction to reposition Nigeria as a regional maritime hub through private-sector-led investment.

    Governor Bassey Otu described the certificate presentation as a major breakthrough for the Bakassi Deep Seaport project, attributing the milestone to strong collaboration between the Federal Government, regulatory institutions, and the state. He noted that the process demonstrated the importance of regulatory clarity in advancing large-scale infrastructure.

    The Governor expressed confidence that the project would unlock significant economic opportunities, attract long-term private investment, and strengthen Nigeria’s maritime capacity. He added that the development sends a positive signal to investors and offers a practical model for other states seeking to deliver transformative infrastructure through Public–Private Partnerships.

  • Akume hails Everight at 20, Okpara canvasses health bank

    Akume hails Everight at 20, Okpara canvasses health bank

    The Secretary to the Government of the Federation (SGF), Senator George Akume, has commended Everight Diagnostics and Laboratory Services for its 20 years of contribution to Nigeria’s healthcare sector.

    He described the organisation as a model of private-sector-driven nation-building.

    Akume gave the commendation in Abuja at the 20th anniversary celebration of Everight Diagnostics in Abuja.

    He noted that his remarks would also be conveyed to President and Commander-in-Chief of the Armed Forces, Bola Ahmed Tinubu.

    He said the milestone went beyond longevity, stressing that sustained operations in the healthcare sector reflected vision, resilience and commitment to national development.

    “Twenty years in the life of a nation and an organisation is significant, particularly when that organisation serves humanity by saving lives,” Akume said, adding that nation-building remains a shared responsibility between government and the private sector.

    The SGF highlighted Everight Diagnostics’ role in strengthening Nigeria’s diagnostic capacity, recalling its contribution during the COVID-19 pandemic when it was among the first private laboratories approved by the Nigeria Centre for Disease Control (NCDC) for testing.

    READ ALSO; Akpabio, US Envoy hold talks to strengthen Nigeria – US relations

    He noted that innovation, technology and skilled manpower would shape the future of healthcare delivery, urging institutions to invest in human capital and strong organisational systems, especially at a time when Nigeria faces growing global competition for healthcare professionals.

    Akume also commended the launch of a book by the Chairman and Chief Executive Officer of Everight Diagnostics, Dr. Everight Okpara, titled Managing Employee Retention and Turnover in Nigeria, describing it as timely amid the challenges of talent retention and brain drain.

    He further praised the Everight Healthcare Foundation and its Diagnostics for All initiative, which he said aligns with the Federal Government’s agenda of inclusive development by providing free and subsidised diagnostic services to underserved communities.

    Akume reaffirmed the commitment of the Tinubu administration to policies that promote local capacity, job creation and access to quality healthcare, urging private sector players to continue investing in institutions that deliver long-term national value.

    While the SGF focused on the role of private institutions in strengthening healthcare delivery, Okpara used the occasion to call for the establishment of a Bank of Health to address financing challenges confronting the sector.

    Akume acknowledged the proposal, disclosing that it would be formally communicated to President Tinubu for consideration as part of broader efforts to strengthen the health sector.

    Okpara said the absence of affordable, long-term funding has forced healthcare providers to outsource specialised diagnostic services abroad, worsening medical tourism and capital flight.

    According to him, Nigeria loses billions of dollars annually through offshore medical care and diagnostics, disclosing that Everight Diagnostics alone spent over $1 million in the past year outsourcing advanced genetic tests that could be conducted locally with adequate infrastructure.

    “If Nigeria can have a Bank of Industry and a Bank of Agriculture, then it can also have a Bank of Health,” Okpara said, adding that such an institution would provide single-digit interest financing for hospitals and diagnostic facilities, reduce dependence on foreign healthcare systems and help retain skilled professionals.

    On human capacity development, Okpara said Everight Diagnostics, which began operations in 2005 from a three-bedroom apartment in Lagos, now operates branches in Lagos, Abuja and Imo State, employing about 650 staff.

    He disclosed that over 18,000 young medical professionals, including laboratory scientists, radiographers and postgraduate researchers, have undergone training through the organisation over the years.

  • Motherland launches reimagined airport arrival experience for travelers

    Motherland launches reimagined airport arrival experience for travelers

    Motherland has launched a reimagined airport arrival experience designed to transform how travelers enter Nigeria this December, making the journey home more seamless, efficient, and welcoming from the moment they land.

    Rolling out across newly upgraded airport arrival terminals, the Motherland Airport Experience introduces a centralized arrival hub where travelers can complete essential services in one place, removing much of the friction that has traditionally defined the first hours back home.

    At the center of the experience is First Bank, offering on-arrival banking services that allow travelers to open bank accounts, complete verification, and collect ATM cards immediately. This enables visitors to access funds, make payments, and move through the city with ease, without the need for repeat visits to bank branches.

    The arrival hub also provides access to National Identification Number (NIN) registration and verification services, allowing returning Nigerians and diaspora visitors to complete key documentation requirements upon arrival.

    In addition, Motherland has partnered with LAGRIDE to further streamline the arrival experience. Festival attendees and travelers who open a First Bank account at the airport will be eligible for a complimentary ride home, with rides covered up to ₦30,000, helping visitors move smoothly from the terminal into the city.

    By integrating financial services, identity processing, and transportation into a single arrival touchpoint, Motherland is reimagining the welcome experience into Nigeria to reflect the needs of a global, modern Nigerian community.

    “Coming home should not feel complicated,” the Motherland co-founders said. “The airport is the first point of contact with the country, and this experience was designed to make arrival smoother, more dignified, and more connected. We want people to land and immediately feel supported.”

    The Motherland Airport Experience forms part of a broader effort to improve December travel and engagement, particularly for diaspora visitors arriving during peak season. With thousands of travelers expected to arrive through Lagos during Motherland week, the initiative aims to reduce congestion, streamline access to essential services, and create a more connected entry point into the country.

    Through partnerships with First Bank, LAGRIDE, and key public-sector stakeholders, Motherland demonstrates how coordinated public-private collaboration can meaningfully improve the traveler experience while expanding access to critical services.

    The Motherland Festival takes place December 18–20 in Lagos, bringing together culture, technology, investment, and celebration in a three-day series of experiences designed to reconnect people at home and across the diaspora.

    Omah Lay, Layi Wasabi, Teniola Aladese, Seyi Vibez, The Cavemen, Odumodu Blvck, Qing Madi, Tunde Onakoya, and Olamide Olowe are among the leading voices across music, business, technology, and culture set to take the stage from December 18–20 at one of the most anticipated and innovative festivals Lagos has seen. 

  • Peculiar Widows Forum celebrate philanthropist Obuah as he clocks 63

    Peculiar Widows Forum celebrate philanthropist Obuah as he clocks 63

    In a touching display of appreciation, members of the Peculiar Widows’ Forum traveled from all the way from Makurdi, Benue State to the Nations Capital to honor Chief Felix Amaechi Obuah, Coordinator of the Abuja Metropolitan Management Council (AMMC), as he marked his 63rd birthday.

    For decades, this Rivers State native has poured his heart into philanthropy, humanitarian aid, and uplifting the less privileged—acts that bridged states and touched lives far beyond his own.

    Leading the delegation, Regina Peter spoke with raw emotion, her words echoing the group’s profound gratitude. “I thank this man of vision and ambition who chose to wipe tears from our eyes,” she said.

    “The Bible tells us that giving to a widow or the poor is giving to God Himself. He has become our prayer point—we gather to pray for him. We have representatives in the House, senators, and governors among us, yet none stepped forward. A stranger chose to help, and in Jesus’ name, he will go far and fulfill his destiny.”

    Also speaking Secretary of the Widows Forum Esther Dominic painted Chief Obuah as more than an icon—a hero and father figure. “He has a genuine passion for the less privileged,” she declared.
    “God will crown him with favor because he loves us as we love him. When no one remembered us, he gave us food. Even though we’re not from Rivers or Delta States, he’s always been there, wiping our secret tears and giving us hope amid insurgency’s challenges.”

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    The widows hailed him as a God-fearing man of the people, praying that divine answers would honor his secret pleas.

    “Words can’t express our love, We deem it fit to honor him here, and whatever he’s seeking, he will surely get. Better days lie ahead—even as governor.” She added
    Their tribute set a warm tone for the intimate gathering, highlighting the ripple effect of Chief Obuah’s selfless service.

    Humbled and grateful, Chief Obuah responded with characteristic modesty. “Today, I’ve added another year, but by God’s special grace, I’m healthy and happy,” he said.

    “I never planned a celebration, but the love from these widows who’ve journeyed from Makurdi overwhelms me. I give God all the glory. I’ll keep putting smiles on faces and adding value to lives. Nicknamed ‘Go Round,’ I believe no matter how small, help should reach everyone.

    Even on a low-key day in the office, this joy is priceless.”

    A prominent businessman and philanthropist, Chief Obuah leads AMMC with vision, driving urban development, security enhancements, environmental cleanliness, and infrastructure improvements in Nigeria’s capital.

    His philanthropy extends nationwide, supporting education, healthcare, and marginalized groups. Colleagues and beneficiaries alike praise his integrity, humility, and unwavering commitment.

    This quiet birthday gathering stood as a powerful testament to one man’s legacy: a life of compassion that inspires, unites, and transforms.

  • Rep Okojie stresses strategic role of midstream sector

    Rep Okojie stresses strategic role of midstream sector

    Chairman of the Committee, Hon. Prince Henry Odianosen Okojie, has underscored the strategic importance of the midstream segment in Nigeria’s oil and gas value chain, describing it as critical to energy security, industrial expansion and economic diversification.

    Speaking at a high-level workshop convened on Tuesday by the House of Representatives Committee on Petroleum Resources (Midstream) in Abuja, Hon. Okojie said the midstream segment—covering processing, transportation and storage—remains central to unlocking the full potential of Nigeria’s petroleum industry.

    The workshop, themed “Midstream Sector Overview and Strategic Future Chart for Seamless Processing,” brought together lawmakers, industry experts, regulators and other key stakeholders to deliberate on policy direction, capacity building and strategic planning for sustainable growth in the sector.

    Hon. Okojie reaffirmed the Committee’s commitment to robust legislative oversight, policy support and sustained stakeholder engagement aimed at removing operational bottlenecks and unlocking new investment opportunities. He explained that the workshop was designed to produce practical, actionable insights that would guide future legislative interventions and long-term sector reforms.

    During the session, the Committee Chairman also briefed members on the urgent need for legislative engagement in the ongoing dispute between the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Dangote Refinery. He noted that the disagreement has far-reaching implications for sector stability, investor confidence and national energy security, stressing the Committee’s mediatory and oversight role in ensuring regulatory clarity, fairness and a resolution that serves the national interest.

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    The workshop featured a technical session led by industry experts, who provided an overview of the midstream sector, highlighted emerging challenges and outlined strategic options for achieving seamless processing. Participants engaged in interactive discussions and question-and-answer sessions, offering insights on regulatory frameworks, infrastructure gaps, gas utilisation and private sector participation.

    The event concluded with closing remarks and a vote of thanks, as participants commended the Committee for creating a platform for constructive engagement on the future of Nigeria’s petroleum midstream sector.

    Stakeholders expressed optimism that the outcomes of the workshop, including the Committee’s proactive stance on resolving critical sectoral disputes, would translate into stronger policies and legislative actions to enhance efficiency, attract investment and reposition the midstream sector as a key driver of national economic growth.