General
CNPP, CSOs Describe Rivers Crisis as National Democratic Emergency
By Modupe Gbadeyanka
President Bola Tinubu has been called upon to resolve the escalating political crisis in Rivers State, warning that the situation now constitutes a “national democratic emergency” requiring urgent presidential intervention.
This call was made by the Conference of Nigeria Political Parties (CNPP) and the Coalition of National Civil Society Organisations (CNCSOs).
“Mr President, this is no longer just a Rivers State issue. It is a national democratic emergency,” the organisations declared in a joint statement, stressing that what is unfolding in the state “goes far beyond local politics” and represents “a critical test of Nigeria’s commitment to constitutional governance, separation of powers, and democratic stability.”
The CNPP and CNCSOs warned that failure by the President to act decisively could legitimise what they termed “legislative anarchy” and embolden similar crises across the federation. According to them, “failure to act now risks legitimising legislative anarchy and encouraging similar crises across other states, with dire consequences for national unity and peace.”
They described the Rivers State situation as a deliberate political project rather than a governance issue, insisting that Governor Siminalayi Fubara has not committed any constitutional offence warranting impeachment.
“Let us be clear,” they said, “Governor Siminalayi Fubara has not committed any act that meets the constitutional threshold for impeachment under Section 188 of the 1999 Constitution, as amended. There is no credible allegation of gross misconduct, no paralysis of governance, and no popular uprising demanding his removal.”
According to the groups, the ongoing impeachment threats reflect “the weaponisation of a State House of Assembly as an instrument of political conquest rather than a guardian of democracy,” a development they warned is “not only reckless; it is extremely dangerous to Nigeria’s national peace.”
They cautioned President Tinubu that if the Rivers State model is allowed to persist, Nigeria could slide into a destabilising era where legislatures are used to unseat elected governors for political and financial control. “If the Rivers State template is allowed to stand,” they warned, “then Nigeria risks sliding into a future where state assemblies across the country become battlegrounds for elite power struggles.” They further asked pointedly: “If every governor becomes vulnerable to impeachment at the whim of external political forces, where then is the sovereignty of the people? Where does democratic stability reside?”
The CNPP and CNCSOs also drew the President’s attention to allegations of conditional political settlements linked to the crisis. They cited claims by loyalists of Governor Fubara that the Minister of the Federal Capital Territory, Nyesom Wike, imposed conditions on the governor in exchange for halting impeachment proceedings. “Chief among these alleged conditions,” they said, “was the immediate ratification of a commissioner list reportedly submitted by the FCT Minister upon Governor Fubara’s return to office.”
“These allegations,” the groups added, “strongly suggest that the crisis is not about governance or accountability but about control—control of federal allocations, control of internally generated revenue, and control of political power in Rivers State.” They warned that such claims “strike at the heart of democratic governance and must not be ignored by the Nigerian state.”
On financial matters, the organisations appealed to President Tinubu to order a thorough probe into funds received and expended during the six-month emergency rule in Rivers State. They disclosed that the state “reportedly received no less than N254.37 billion from the Federation Account Allocation Committee between March and August 2025,” averaging about N42.40 billion monthly. They alleged that despite a probe announced by the House of Assembly, there were “strong indications” that the exercise was “merely cosmetic.”
More troubling, they claimed that “state resources were shared during the emergency rule, with lawmakers loyal to the FCT Minister allegedly receiving as much as N350 million each from funds exceeding N360 billion left behind by the suspended Governor.” If true, they said, this would amount to “a betrayal of public trust on a scale that demands urgent national attention.”
Framing their appeal directly to the President, the CNPP and CNCSOs said: “As President of the Federal Republic of Nigeria and leader of the APC, you have both the constitutional authority and moral responsibility to halt this dangerous slide.” They emphasised that Nigeria “cannot consolidate democracy while tolerating legislative blackmail, political extortion, and institutional sabotage.”
Among their key demands to the President are the immediate termination of all impeachment proceedings against Governor Fubara, an independent investigation into the conduct of the Rivers State House of Assembly, a presidentially ordered probe into allegations of conditional political settlements, and a comprehensive forensic audit of all funds received and expended during the emergency rule.
In a strong concluding warning directed at the Presidency, the groups stated that “impeachment without just cause is political banditry” and that the continued weaponisation of legislative institutions is “a direct threat to Nigeria’s democracy and national peace.”
They urged President Tinubu to act swiftly to prevent a dangerous national precedent, declaring: “Governor Siminalayi Fubara must be allowed to govern. Rivers State must be allowed to breathe. Nigeria’s democracy must be protected.”
“Enough is enough,” they concluded. “Let the Governor govern. Let Rivers State develop. Let Nigeria’s democracy survive.”
By Modupe Gbadeyanka
In further demonstration of its unwavering commitment to its workforce, Nigeria’s foremost power generation company, Egbin Power Plc, has unveiled 80 new residential housing units for employees within its plant premises in Egbin, Lagos State.
This comprises 40 fully furnished three-bedroom apartments and 40 furnished studio apartments, all designed to contemporary standards.
The units feature modern infrastructure and thoughtfully planned utilities, creating a safe, comfortable, and conducive living environment that supports both employee productivity and family well-being.
This strategic investment underscores the company’s philosophy that a well-supported workforce is fundamental to sustained operational excellence.
The new housing units are part of a holistic strategy to cultivate a stable, motivated, and future-ready workforce.
This strategy extends beyond infrastructure to encompass robust career development and recognition. Over the past three years, Egbin Power has promoted 112 employees across various cadres, reinforcing a culture that rewards merit, performance, and long-term dedication
“At Egbin Power, our people are our most valuable asset. Even amidst the prevailing liquidity and operational realities within the broader power sector, our focus on employee welfare has remained deliberate and consistent.
“This significant expansion of our residential estate is a tangible expression of that commitment.
“It is one of several key initiatives aimed at ensuring our employees feel genuinely supported, allowing them to thrive both personally and professionally,” the chief executive of Egbin Power, Mr Mokhtar Bounour, said.
Initiated in 2025 and completed in January 2026, this project is the latest milestone in Egbin Power’s structured and ongoing approach to enhancing employee welfare. It reflects the energy firm’s dedication to fostering a culture where every team member feels valued, secure, and motivated.
By Aduragbemi Omiyale
On Tuesday, March 10, 2026, at the Nigerian Exchange Group House in Lagos, the role of capital markets in promoting gender equality will be reemphasised through the closing gong ceremony in commemoration of International Women’s Day 2026.
The ceremony is part of the global Ring the Bell for Gender Equality campaign, which mobilises stock exchanges worldwide to expand women’s participation in the economy and advance gender-inclusive practices.
In Nigeria, the NGX Group is partnering with the Central Securities Clearing System (CSCS) Plc and Women in Management, Business and Public Service (WIMBIZ) to make it memorable under the theme Rights. Justice. Action. For ALL Women and Girls.
Dignitaries expected at the ceremony include the Minister of State for Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu; the First Lady of Imo State, Mrs Chioma Uzodimma; the Executive Commissioner for Legal and Enforcement at the Securities and Exchange Commission (SEC), Ms Frana Chukwuogor; foremost actor, Ms Funke Akindele; a Director at the NGX Group, Ms Ojinnika Olaghere; and another staffer of NGX Group, Mrs Fatima Wali-Abdulrahman, alongside board members of NGX Group, regulators, capital market stakeholders, and industry leaders.
NGX Group is joining other exchanges worldwide in sounding the NGX Gong to underscore the importance of inclusive leadership, equal opportunities, and stronger market accountability in advancing gender equality.
By Adedapo Adesanya
The Executive Director/GCOO of Pathway Holdings Limited, Mrs Dolapo Akanbi-Alade, has called for increased inclusion of Nigerian women in finance as the world marks International Women’s Day 2026.
International Women’s Day 2026 is marked every March 8, and this year’s theme is Give To Gain.
In a statement shared with Business Post, Mrs Akanbi-Alade noted that while International Women’s Day highlights the need for gender equality, significant progress requires deliberate policies and systems that expand women’s access to finance and leadership opportunities.
She emphasised that many Nigerian women and women-led businesses still face limited access to finance, highlighting the urgent need for targeted inclusion initiatives.
“At Pathway Holdings, we empower women and give access to investment advisory, asset management, and lending solutions for institutions, high-net-worth individuals, and businesses. Ensuring that women and women-led enterprises can access these opportunities is critical to building a more inclusive financial system,” she added.
Mrs Akanbi-Alade said, “Women’s access to finance is not only a social responsibility but essential for national productivity and economic growth’’. She co-founded the following companies:
Pathway Asset Management Limited is registered and regulated by the Securities and Exchange Commission, Nigeria, as a Fund and Portfolio Manager. The product range includes Pathway Fixed Deposit Notes, Privately Managed Notes, Pathway Private Portfolio Management, Investment Advisory, and Mutual Funds, which will be launched soon.
Pathway Advisors Limited is registered and regulated by the Securities and Exchange Commission (SEC) as an Issuing House and financial adviser. Pathway Advisors’ services cover Mergers and Acquisitions (M&A), Capital-Raising, Financial Advisory, Rating Advisory, and Project and Structure Finance.
Fundbox Financial Services Limited is a wholly owned micro-lending company providing short-term personal and SME finance loans to salaried individuals, self-employed personnel, and small businesses. They offer services which include Cars4Cash, SME Loans, Personal Loans, and Group Employee Loans. Fundbox has successfully disbursed a wide range of loans to both corporate and individual clients, supporting their financial needs and business growth.
Pathway Holdings Limited is a notable investment holding firm focusing on private market investments, including private equity, private credit, and infrastructure. Pathway creates customised investment solutions for institutional investors and individuals, leveraging its extensive experience and local footprint.
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