General
Aiteo Donates Vehicles, Weapons to Nigerian Navy
By Adedapo Adesanya
Aiteo Global Group has donated 21 gunboats, 14 operational patrol boats, seven houseboats and four airboats to the Nigerian Navy to tackle crime and criminality on the nation’s territorial waters.
Other equipment donated were four high-speed interception inshore patrol boats, long-range surveillance drones and six high definition cameras.
These were received in Port Harcourt by the Chief of Naval Staff, Vice Admiral Awwal Gambo, who promised that the items would be deployed to the creeks to fight oil theft, piracy and sea robbery.
According to him, the donation was the manifestation of months of collaboration with critical maritime stakeholders to support naval operations.
“The delivery of these platforms and assets aligns with the provisions of the Nigerian Navy 2021-2030 strategic plans on inter-agency and sub-regional cooperation.
“This is a milestone in our collaborative engagement with corporate maritime stakeholders to rid the nation’s maritime environment of criminal elements and economic saboteurs.
“To this end, these platforms will enhance the navy maritime security architecture and bolster our maritime security operations effort,” he said.
Mr Gambo commended Aiteo for the donations and sought support from other corporate organisations to enable the navy to deploy more gunboats and halt the growing criminal activities in the Nembe Creek Trunkline area of Bayelsa.
Also speaking, the Minister of Defence, Mr Bashir Magashi, said the nation’s maritime environment accounted for about 70 per cent of federal government revenue.
He said that the government was concerned about rising activities of oil thieves, illegal bunkers and pipeline vandals that constitute a great threat to the nation’s revenue generation.
“More worrisome is the fact that sustained oil pipeline vandalism has led to environmental degradation in the Niger Delta, resulting in agitations in the region.
“This underscores the need to employ a robust protection and defensive measure that would encompass the surveillance, monitoring and prompt interdiction of potential threats,” he added.
On his part, the Chief of Defence Staff, General Lucky Iraboh, said the new platforms would be deployed to complement other internal security operations across the country.
The defence chief gave assurance that the boats would be used for its set objectives of securing lives and property, including the nation’s oil and gas installations.
Adding his input, Governor Nyesom Wike of Rivers, represented by the Secretary to the State Government, Mr Tammy Danagogo, thanked Aiteo for donating the equipment.
“Interestingly, the state government had also donated gunboats, patrol vehicles and other assets to security agencies as part of the commitment to protecting lives and property in the state.
“We also initiated a current security summit where we engage with the military and security agencies to map out strategies to combat crime in Rivers,” he noted.
The Chief Executive Officer of Aiteo, Mr Benedict Peters, said the company decided to donate the equipment to the navy, owing to frequent attacks on critical oil and gas facilities by vandals.
Mr Peters, who was represented by Mr Andrew Oru, a Director in the company, expressed optimism that the equipment would complement Federal Government’s efforts in tackling the menace.
“We know that the Nigerian Navy stands in the best position to address this menace if adequately equipped and supported.
“Consequently, Aiteo resolved to maximally lend its hands of fellowship by handing over these operational support equipment to enable the navy to secure the waterways and facilities,” he added.
By Adedapo Adesanya
The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced plans to commence the disbursement of the $700 million Cabotage Vessel Financing Fund (CVFF) within the next four months.
Last week, the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, instructed the maritime regulator to initiate the long-awaited disbursement process for the fund.
This directive marked a significant shift from over two decades of administrative stagnation and ushers in a new era of strategic repositioning of Nigeria’s indigenous shipping.
Speaking on Wednesday, NIMASA’s Director General, Mr Dayo Mobereola, providing a timeline for the disbursement said this will happen within the next four months, which by calculation, is August 2025.
He made the announcement during an oversight visit by the House of Representatives Committee on Maritime Safety, Education, and Administration in Abuja, according to the News Agency of Nigeria (NAN).
“We are acting in accordance with the directive of the Minister to ensure indigenous shipowners finally have access to this critical funding. The guidelines have been streamlined based on the Minister’s approval, so beneficiaries can access the funds within three to four months,” he said.
“To effectively manage the $700 million intervention fund, the number of Primary Lending Institutions (PLIs) has been expanded from five to twelve.”
The CVFF, established under the Coastal and Inland Shipping (Cabotage) Act of 2003, was designed to empower Nigerian shipping companies through access to structured financing for vessel acquisition. However, successive administrations failed to operationalize the fund—until now.
According to Minister Oyetola, the disbursement of the CVFF will represent not just the release of funds, but a profound commitment to empowering Nigerian maritime operators, bolstering national competitiveness, and fostering sustainable economic development.
“This is not just about disbursing funds. It’s about rewriting a chapter in our maritime history. For over 20 years, the CVFF remained a dormant promise. Today, we are bringing it to life—deliberately, transparently, and strategically,” he stated.
NIMASA, in alignment with the Minister’s directive, has already issued a Marine Notice inviting eligible Nigerian shipping companies to apply.
Qualified applicants can access up to $25 million each at competitive interest rates to acquire vessels that meet international safety and performance standards.
The fund will be administered in partnership with carefully selected and approved Primary Lending Institutions (PLIs), ensuring professional and efficient disbursement.
By Adedapo Adesanya
The Ogun State Government, through its Environmental Protection Agency (OGEPA,) has sealed four industries for environmental infractions.
According to a statement by the spokesman of the agency, Mr Luke Adebesin, the affected organisations are Fortune Height Farms Limited and Sanda Wood Industry Limited, both in Odogbolu Local Government, Shengceramic Material Limited in Ogere axis of the Lagos-Ibadan Expressway and Nehemiah Grace Developer Limited at Ijako in Ado-Odo, Ota Local Government.
The Special Adviser to the Governor on OGEPA, Mr Farouk Akintunde, reiterated that all companies must comply with operating and environmental standards laid by the state.
The agency alleged that Fortune Height Farms Limited, which is into production of eggs and catfish, was sealed after a petition was received from its host community for discharging untreated influence into the environment.
Sanda Wood Industry Limited was sealed for allegedly denying government officials access into its facility while engaging in open burning, while Nehemiah Grace Developer Limited was sealed for encroaching on the waterways and constructing drainage without the state government permit.
“Ogun State government will not fold its hand and allow these industries to violate our Environmental laws,” the agency said, adding that it will continue to ensure that the South Western state is safe and secure.
By Adedapo Adesanya
The National Pension Commission (PenCom) has announced the recovery of N1.58 billion from defaulting employers through enhanced enforcement efforts as total pension assets under management (AuM) surpassed N23 trillion as of February.
The Director General of PenCom, Ms Omolola Oloworaran, made this disclosure on Wednesday in Kano during the First Run 2025 Consultative Forum for States and the Federal Capital Territory (FCT) that state remittances had also improved, reflecting a greater adoption of the Contributory Pension Scheme (CPS).
Ms Oloworaran noted that in spite of these advancements, challenges remain, as only 25 states and the Federal Capital Territory (FCT) had enacted laws to implement the CPS.
“Six states operate hybrid schemes, while another six have bills at advanced legislative stages.
“Notable progress has been made in Katsina, Yobe, Bauchi, and Abia states. However, full implementation of the CPS is currently limited to eight states,” she explained.
To address this gap, PenCom has introduced a flexible adoption model, allowing states to begin implementation with new employees or those with fewer than 10 years of service.
The director general further stated that the commission was providing technical support to assist states in planning for legacy liabilities and transitioning their entire workforce in a financially sustainable manner.
She reaffirmed the commission’s commitment to achieving full onboarding of all states and the FCT into the CPS.
“With sustained dialogue, technical collaboration, and strong political will, we are confident of reaching this goal,” she said.
Ms Oloworaran described the ongoing forum as more than just a routine meeting, calling it “a call to collective action.”
She urged participants to seize this opportunity to co-create solutions, share innovations, and renew their commitment to a secure, unified, and inclusive pension system.
On his part, the Head of Service (HOS) of Kano, Mr Abdullahi Musa, reaffirmed the state government’s commitment to pension reforms.
He commended PenCom for its leadership in promoting best practices and described the forum as a “vital platform for dialogue, peer learning, and policy refinement.”
Mr Musa said that Kano State had made significant progress in restructuring its pension system, notably through the adoption of a hybrid model that combined elements of the defined benefits and the CPS.
He revealed that the state government, under the leadership of Gov. Abba Kabir, had taken bold steps to settle pension backlogs and improve the management of retirement benefits, adding that the state government had paid N16 billion in outstanding entitlements, which represented about 40 per cent of the liabilities inherited from previous administrations.
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