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Group Threatens Uzodinma With N10bn Suit Over ISOPADEC

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Hope Uzodinma ISOPADEC

By Dipo Olowookere

If Governor Hope Uzodinma of Imo State does not make moves to remedy an alleged brazen violation of the law establishing the Imo State Oil Producing Areas Development Commission (ISOPADEC) within seven days, his administration will be slammed with a N10 billion suit at the court.

This threat was made by a Civil Society Organisation (CSO) known as Media Initiative against Injustice, Violence and Corruption (MIIVOC).

The group, in a statement issued on Sunday, said it will no longer sit back to watch the agency fade away and “called on well-meaning sons of the state to rise to the challenge of condemning the anomaly.”

According to the Executive Director of MIIVOC, Dr Walter Duru, the N10 billion will cover “exemplary damages from the Imo State government, among other demands.”

“Seven months into the present administration, no board has been inaugurated for the oil commission and everything about its operations is opaque.

“Seven months into the administration, statutory funds of the commission, being 40 per cent of the 13 per cent derivation funds, amounting to over N3 billion cannot be accounted for.

“About N600 million left in ISOPADEC coffers by the last managers of the commission has disappeared from the commission’s account,” he alleged in the statement made available to Business Post.

“In spite of the billions, the present administration has concluded plans to slash the salaries and allowances of staff of the commission, by placing them on the same salary structure with the state civil service.

“ISOPADEC Staff are also being owed about four months of salary arrears. The total wage bill of the commission is less than 10 per cent of the statutory 40 per cent from the 13 per cent derivation funds.

“Majority of the commission’s staff are indigenes of the two oil-producing Local Government Areas of the state; Ohaji/Egbema and Oguta LGAs,” Mr Duru further said in the statement.

He claimed that, “We have it on good authority that the Governor has directed the Head of Service of the state to take over the running of the oil commission in administration and process.

“The government has also enrolled staff of the commission in the purported automated salary system for state civil servants, slashing their salaries by about 80 per cent. These are obvious infractions to the law establishing the commission.”

According to him, “Having failed in his vexatious bid to smuggle in his native Oru East, being a part of his grand design to expropriate ISOPADEC FAAC allocation, he has now resigned himself to reducing ISOPADEC staff remuneration by 80 per cent; reduce its workforce by more than 50 per cent, while drawing up a shortlist of the potential new staff made up of his kinsmen from his native Omuma and surrounding Oru villages to replace the oil landlords who makeup ISOPADEC workforce.”

“The oil-producing communities have been returned to the old days of darkness. No electricity; no water; no good roads, with poverty building empires on the people, yet, billions meant to cushion the effects of oil exploration are diverted,” the group leader said.

Continuing, Mr Duru argued that “similar oil commissions in other parts of the Niger Delta region are not faced with any such fate, warning that the mismanagement of ISOPADEC funds is a recipe to crises in the oil-producing areas,” calling on Mr Uzodinma to do the right thing within the speculated period.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Nigerian Bottling Company Bridges Education, Employability Gap

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Nigerian Bottling Company UNILAG

By Modupe Gbadeyanka

The Nigerian Bottling Company (NBC) has reaffirmed its determination to bridge the gap between education and employability in the country by sustaining its flagship Youth Empowered (YE) programme.

This initiative provides hands-on learning, real-world insights, and access to career-shaping opportunities to young Nigerians.

The 2026 edition of the scheme commenced on February 2 at the University of Lagos (UNILAG), with participants mainly young people between the ages of 16 and 35.

A statement from the organisation said this year’s rollout will expand to more tertiary institutions, including the Federal University of Technology, Akure (FUTA). This follows a successful 2025 tour that reached seven cities across the country, including Makurdi, Jos, Benin, Kaduna, Asaba, Akure, and Port Harcourt.

Participants in the 2026 programme will receive training across key modules designed to support personal, professional, and business growth, including Business Life Skills, Adaptability and Resilience, Financial Literacy, Customer Service and Communication, Sales and Negotiation Skills, and Workplace Ethics.

The sessions will also feature breakout workshops on Business Planning, Project Management, and Time Management, alongside the Director’s Grant Pitch Competition, where participants can pitch their ideas for a chance to win business funding.

In addition to skills development, NBC’s People and Culture team will be present throughout the programme to identify outstanding talent for future opportunities within the organisation, further strengthening the connection between learning, employment, and long-term career growth.

One of the participants at the UNILAG training, Waliat Adedogun, who received a cash grant through the Director’s Grant Pitch Competition to support her small business, said: “Youth Empowered gave me more than training; it gave me clarity and confidence. Winning the grant means I can finally take my business idea from a dream into something real. I now feel prepared to build, grow, and create opportunities not just for myself, but for others too.”

Since its launch in 2017, the scheme has impacted more than 70,000 young Nigerians, equipping participants with practical skills, confidence, and exposure needed to succeed in today’s dynamic workplace and entrepreneurial landscape.

This year’s programme is being delivered in collaboration with Fate Foundation as the implementing partner, with funding support from The Coca-Cola HBC Foundation.

Last year, 10 beneficiaries were selected for six-month paid internships across NBC locations in Lagos, Ibadan, Asejire, and Challawa, gaining direct industry exposure.

Additionally, three outstanding participants received sponsorship for an all-expenses-paid intensive culinary training programme and were awarded N1 million each to support the launch of their businesses.

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INEC Fixes February 20 for 2027 Presidential, NASS Elections

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Incorruptible INEC Chairman

By Modupe Gbadeyanka

The 2027 presidential and National Assembly elections will take place on Saturday, February 20, the Independent National Electoral Commission (INEC) has revealed.

In a notice for the 2027 general polls issued on Friday, the electoral umpire also disclosed that the governorship and state assembly elections for next year would be on Saturday, March 6.

Speaking at a news briefing in Abuja today, the chairman of INEC, Mr Joash Amupitan, expressed the readiness of the commission to conduct the polls next year, which is 12 months away.

The timetable issued by the organisation for the polls comes when the federal parliament has yet to transmit the amended electoral bill to President Bola Tinubu for assent.

This week, the Senate passed the electoral bill, reducing the notice of elections from 360 days to 180 days, while the transmission of results was mandated with a proviso.

Recall that on February 4, INEC said it was ready to go ahead with preparations for the elections despite the delay in the passage of the amended electoral law of 2022.

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NGIC Pipeline Network to Experience 4-Day Gas Supply Shortage

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NGIC Pipeline Network

By Modupe Gbadeyanka

The pipeline network of the NNPC Gas Infrastructure Company Limited (NGIC) will witness a temporary reduction in gas supply for four days.

This information was revealed by the Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mr Andy Odeh, in a statement on Thursday night.

A key supplier of gas into the NGIC pipeline network is Seplat Energy Plc, a joint venture partner of the state-owned oil agency.

It was disclosed that the facility would undergo routine maintenance from Thursday. February 12 to Sunday, February 15, 2026.

The NNPC stated that, “This planned activity forms part of standard industry safety and asset integrity protocols designed to ensure the continued reliability, efficiency, and safe operation of critical gas infrastructure.”

“Periodic maintenance of this nature is essential to sustain optimal system performance, strengthen operational resilience, and minimise the risk of unplanned outages,” it added.

“During the four-day maintenance period, there will be a temporary reduction in gas supply into the NGIC pipeline network. As a result, some power generation companies reliant on this supply may experience reduced gas availability, which could modestly impact electricity generation levels within the timeframe.

“NNPC Ltd and Seplat Energy are working closely to ensure that the maintenance is executed safely and completed as scheduled. In parallel, NNPC Gas Marketing Limited (NGML) is engaging alternative gas suppliers to mitigate anticipated supply gaps and maintain stability across the network,” the statement further said.

“Upon completion of the maintenance exercise, full gas supply into the NGIC system is expected to resume promptly, enabling affected power generation companies to return to normal operations,” it concluded.

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