General
Group Describes Anti-Uduaghan Protests as ‘Political Gimmick’

By Modupe Gbadeyanka
A group has picked holes in the protests against the former Governor of Delta State, Mr Emmanuel Uduaghan, saying it is the handiwork of political mischief makers.
The group, under the aegis of Action Youths for Good Governance (AYGG), said these protests were geared towards the 2019 general elections.
Mr Uduaghan has recently become a major target of his political enemies, who are scared of his popularity in the oil-rich state, especially with his giant strides as Governor of Delta State.
Earlier, the AYGG had alerted members of the public, especially residents of the state, of efforts being made by some politicians to attack the former Governor.
“We want to alert members of the public, most particularly Deltans at home and abroad of the planned attack on the immediate-past governor of Delta state, Dr Emmanuel Uduaghan by agents of darkness in the state.
“The attack will start in the form of mass protests in different parts of the state and outside,” spokesman of AYGG, Mr Felix Obuah had said.
According to Mr Obuah, “We know the people involved. They are powerful people in this state who feel threatened by the enormous influence Dr Uduaghan wields.
“We know they are after some politicians; those who sacrificed so much so that Delta would be an enviable state that it is today. They want them out of the scene. We know them.”
True to this, the plot is hatching in phases, and some individuals have begun mass protests in different parts of the state, all aimed at discrediting the person of the ex-governor and all he represents.
Last week, some individuals under the auspices of Delta Anti-Corruption and Integrity Forum were seen protesting around the Government House in Asaba, bearing placards that seemed to disrepute the former Governor and his administration.
They were calling for his prosecution by the ICPC and EFCC without providing evidence of his maladministration.
Addressing newsmen in front of the Government House, leader of the group, Mr Fejiro Oliver, accused Mr Uduaghan of looting several billions of Naira from the state.
But AYGG said the former Governor was not the only politician being targeted in the recent onslaught, but the immediate-past Secretary to the State Government (SSG), Comrade Ovuozorie Macaulay, and other officials who served under the Mr Uduaghan-led administration.
“The enemies of the state are said to have doled out some amount of money in the region of N300 million to see their nefarious act to a conclusive end,” revealed Mr Obuah.
“We learned career protesters have been hired from within the country and beyond while protest materials were shipped in last week preparatory to the action which resumed this week. We also learned that over 3000 printed T-shirts were ordered and delivered successfully as well as a reasonable number of banners carrying messages.
“There are suggestions also that before the resumption of the sponsored protests, some individuals had approached the former Governor with intent to blackmail him and his refusal to yield to the bribe demand by them was what started the protests.”
Mr Uduaghan was the Governor of Delta State for eight years from May 29, 2007 and while in office, Business Post gathered that he impacted positively on the loves of Deltans through various developmental projects embarked upon by his administration.
Chief among these was the institution of a special project to finance medical assistance to residents of the state where over N1.4 billion was expended.
His administration also embarked on health programmes as the Free-under Five health programme where all the children within the age bracket of 0-5years were taken care of irrespective of the ailments.
The Mr Uduaghan administration also embarked on a Free Maternal Health programme which enabled government hospitals attend to pregnant and expectant mothers from conception to the period of delivery free of charge.
It was once reported that the antenatal care unit of each hospital was recording up to 200 to 400 attendants on daily basis. The hospitals were made to handle serious advocacy issues on care during pregnancy aimed at reducing maternal and infant mortality.
On the Free Rural Health Scheme programme, the government of Delta State under Mr Uduaghan attended to the rural people in all parts of the state, treating various health needs of the people irrespective of the nature of the ailment free of charge.
The scheme cut across all ages and sexes as issues bordering on fibroid, hernia, partial blindness and other sundry health challenges were tackled by health care professionals.
He also ensured the fees of all students sitting for the secondary school final examinations were paid.
It was a policy he underpinned by the observation that some students even after going through the free school programme, were unable to pay the fees required before they could sit for the National Examination Council (NECO), and the West African Examinations Council (WASC) exams.
The former Governor also initiated a policy which ensured that missionary schools were returned to their original owners. As at the last count before he vacated office, 40 missionary schools were returned to their owners while the government built parallel schools.
Under Mr Uduaghan, over 700 primary and secondary schools were either reconstructed or rehabilitated just as the state fully implemented a compulsory and free basic education policy.
Mr Uduaghan’s administration achieved much in the area of infrastructure, housing scheme, roads construction, street lights and provision of modern transport facilities and hospitals, speak volume and are too numerous to mention.
The state government invested in the federal government’s independent power projects (IPP) started during the former President Olusegun Obasanjo era with a commitment of about N15.7 billion.
He also started a Delta State Independent Power Plant in Oghara and invested in transformers, distribution and transmission lines to upgrade power distribution in both urban and rural communities in the state.
In his determination to reposition Asaba as a befitting state capital and a hub of social, economic and political activities, an airport at a cost of N17 billion was built.
When the idea of Asaba International Airport came, those who did not understand his vision said it was not a priority venture at the time, but as they later found out, it was just one component of a larger dream, a revolution to make the state the economic hub in the West Africa sub-region.
Creating special economic zones and industrial clusters: (Koko/Ogidigben Free Trade Zone, Warri Industrial Business Park and Asaba Information Communication Technology, ICT Park; embarking on dualization of Warri-Ughelli-Asaba to attract Onitsha traders to import their goods through Warri port; and expanding the Osubi Airport were all part of the broader initiative to take the state to the next level.
Also following sustained drive in tourism and hospitality industry, a $240 million Delta Leisure Resorts, the biggest in West Africa was to be set up at Oleri, Udu Local Government Area in partnership with a private investor, Sarner PFM, while a Wildlife Park was planned for Ogwashi-Uku in Aniocha Local Government Area.
Investigations reveal that though the anti-Uduaghan protests have recorded some hoodlums carrying placards, allegedly backed heavily by some powerful people in the state, have remained unpopular amongst the masses who seemed to be confused as to what would have warranted them.
Most of them spoken to in the state attested to the achievements of the former governor’s administration while in office.
By and large, the next election year is almost at hand and it remains to be seen how convinced people will be as regards the antics of the present-day politician.
General
DisCos Collect N196bn in March, Miss N50bn of Billed Revenue
By Adedapo Adesanya
Nigeria’s electricity distribution companies (DisCos) generated N196.13 billion in revenue in March 2026, despite billing customers a total of N246.43 billion during the month, according to the latest commercial performance report released by the Nigerian Electricity Regulatory Commission (NERC).
The figure represents a slight decline from the N196.68 billion collected in February, highlighting persistent challenges in revenue recovery across the power distribution segment, even as energy supplied to the grid continued to improve.
NERC’s March 2026 fact sheet showed that electricity billing rose by 1.71 per cent from N242.29 billion recorded in February, reflecting increased energy deliveries and customer charges. However, collection efficiency declined to 79.59 per cent from 81.17 per cent in the previous month, indicating that a significant portion of billed revenue remained uncollected.
The regulator disclosed that DisCos received 293.76 million kilowatt-hours of electricity during the review period, representing a 6.02 per cent increase compared to February. The development suggests a modest improvement in power availability across the distribution network.
Despite the increase in energy supplied, revenue recovery remains uneven across the industry. NERC reported that the average approved tariff for March stood at N124.30 per kilowatt-hour, while actual collections averaged ₦100.75 per kilowatt-hour, resulting in an overall revenue recovery efficiency of 81.05 per cent.
Among the eleven DisCos, Ikeja Electric emerged as the strongest performer, posting a revenue recovery efficiency of 99.30 per cent. Eko Electricity Distribution Company followed with 95.73 per cent, while Benin DisCo recorded 85.18 per cent.
At the lower end of the performance table, Kaduna Electric recorded the weakest recovery rate at 35.65 per cent. Jos DisCo and Yola DisCo also struggled, achieving recovery efficiencies of 53.53 per cent and 58.58 per cent, respectively.
Ikeja Electric also led in collection efficiency with 96.38 per cent, ahead of Benin DisCo at 90.97 per cent and Eko DisCo at 87.68 per cent. Kaduna, Jos and Yola remained the poorest performers in this category, underlining the persistent commercial and operational challenges facing power distributors in parts of northern Nigeria.
In terms of billing efficiency, Eko DisCo ranked first with 92.30 per cent, followed by Port Harcourt DisCo at 90.36 per cent and Ikeja Electric at 87.76 per cent. Yola DisCo recorded the lowest billing efficiency at 58.68 per cent.
The latest figures underscore the mixed realities within Nigeria’s power sector. While electricity supply and customer billing continue to improve, revenue collection remains a major obstacle to the financial sustainability of the industry.
Analysts note that stronger metering penetration, improved customer confidence, reduction in energy theft and more efficient collection systems will be critical if DisCos are to close the widening gap between electricity supplied, billed revenue and actual collections.
The March performance report comes as regulators and industry stakeholders intensify efforts to strengthen the commercial viability of the electricity market, attract fresh investment and improve service delivery across the country.
General
Interswitch Adopts Temenos Platform to Deliver Banking Services to African Lenders
By Adedapo Adesanya
Interswitch has entered into a partnership with Geneva-headquartered banking software provider Temenos to offer managed banking services to financial institutions across the continent, deepening its push into banking technology.
The partnership will see Interswitch adopt Temenos’ banking technology across core banking, digital banking, payments, wealth management, and financial crime management.
This will enable the firm to provide cloud-hosted and on-premises managed services to lenders on the continent. The service will initially target Nigeria, Ghana, Côte d’Ivoire, Kenya, and other African markets.
“This is a pivotal moment for Interswitch as we accelerate our expansion beyond payments and reimagine digital banking for Africa,” Mr Jonah Adams, managing director for Digital Infrastructure and Managed Services at Interswitch, said in a statement.
By combining Temenos’ software with its existing footprint across the continent, Interswitch is positioning itself as a technology partner that can help banks upgrade critical systems without having to manage the complexity of large-scale technology deployments.
“By adopting Temenos’ cloud-native, composable platform, Interswitch gains the flexibility and scalability to accelerate its next phase of growth and deliver banking services that meet the needs of African markets,” Mr Adams added.
For Temenos, the deal strengthens its presence in Africa through a partner with deep relationships across the banking sector. It lost one of its banking customers, Sterling Bank, in 2024 after the tier-2 Nigerian bank switched to SEABaaS, a new custom-built core banking application.
“Interswitch is an important new customer and partner for Temenos in Africa,” said Mr William Moroney, Chief Revenue Officer at Temenos. “Interswitch’s strong presence across the continent also extends our reach and further strengthens our ecosystem and partner network.”
Founded in 2002, Interswitch built its reputation as one of Africa’s largest payments companies through products such as Quickteller and Verve, its domestic card scheme.
General
TGI Group, Wilmar to Form $12bn West Africa Food Giant in Major Merger
By Adedapo Adesanya
Tropical General Investments (TGI) Group and Singapore-based Wilmar International have agreed to combine their Nigeria and Republic of Benin operations into a 50:50 joint venture aimed at building a dominant integrated food and agribusiness platform across West Africa, targeting a market estimated at $12 billion.
The proposed merger will consolidate operations across several value chains, including agriculture, oil palm plantations, edible oils, edible nuts, rice, food manufacturing, and distribution, creating one of the region’s largest end-to-end food production and supply chains.
Under the arrangement, both firms will integrate their complementary strengths, with Wilmar contributing global expertise in palm oil, speciality fats, and large-scale agribusiness operations, while TGI brings established local manufacturing capacity, consumer brands, and an extensive distribution network across Nigeria and neighbouring markets.
Chairman and Chief Executive Officer of Wilmar International, Mr Kuok Hong, said the partnership would enhance both firms’ ability to serve Africa’s expanding consumer base, describing Nigeria and Benin as strategic growth markets.
“For more than four decades, TGI Group has built a leading position in Nigerian food manufacturing and distribution. This partnership will leverage Wilmar’s global scale and expertise as well as TGI’s local knowledge to deliver innovative food solutions across Africa,” added TGI Group founder and chairman, Mr Cornelis Vink.
On his part, Vice Chairman of TGI Group, Mr Farouk Gumel, said the deal reflects confidence in Nigeria’s long-term economic prospects, adding that it would deepen domestic value addition, strengthen food security, support smallholder farmers, and create jobs.
Adding his input, Wilmar’s Africa Head, Mr Santosh Pillai, described the transaction as a strategic fit, noting that the combined entity would have the scale, local insight, and operational depth needed to better serve consumers in the region.
The companies said the transaction is expected to be completed in the 2026 financial year, subject to regulatory approvals and other customary conditions.
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