Connect with us

General

Group Threatens Uzodinma With N10bn Suit Over ISOPADEC

Published

on

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]

General

UK Strengthens Ties With Kano, Jigawa on Sustainable Development

Published

on

UK Kano Jigawa

By Adedapo Adesanya

The United Kingdom has reaffirmed its development partnership with Kano and Jigawa States, as part of its long-term commitment to development and reform in northern Nigeria.

The Head of Development Cooperation at the British High Commission Abuja, Ms Cynthia Rowe, recently completed high-level engagements with governors of both states as well as senior government officials and civil society leaders.

The discussions underscored the UK’s modern approach to development as a genuine partnership with Nigeria, which prioritises state-led ownership and sustainable development that delivers lasting impact through strengthening systems and partnerships grounded in investment, trade, climate financing, technical expertise and joint accountability.

According to a statement, the Foreign Commonwealth and Development Office, via the British High Commission, said Nigeria remains one of the UK’s most significant development partners, adding that the engagements underlined the strength and ambition of the bilateral relationship reaffirmed during the recent UK-Nigeria State Visit.

In Kano, Ms Rowe met with Deputy Governor Alhaji Murtala Sule Garo and senior officials, including the newly confirmed Head of Civil Service and Secretary to the State Government. The visit recognised Kano’s progress on climate finance, health system reform and private sector investment supported through UK technical assistance.

In Jigawa, she met with Governor Umar Namadi and heads of key ministries, departments and agencies. The meeting celebrated more than 25 years of UK-Jigawa partnership, one of the most longstanding bilateral development relationships at the subnational level in Nigeria. Discussions covered the state’s continued progress on health systems reform, agriculture, and governance and the path forward under UK technical assistance.

Since 2022, PLANE has supported Kano, Kaduna and Jigawa to strengthen state-led education delivery systems, working through Ministries of Education, SUBEB and key agencies. Its RANA+ foundational learning packages have reached 1.4 million pupils across the three states, alongside wider system strengthening.

Speaking on this, Ms Rowe said, “For more than 25 years, we have worked side by side with state governments, including Jigawa and Kano states, their communities, and civil society to build stronger health systems, improve learning outcomes for millions of children, support farmers to grow their businesses, and help states attract the investment they need to thrive.

These visits have reinforced our confidence in what this partnership can achieve. We are working together to deliver lasting change, and deepening a relationship built on genuine mutual respect and shared ambition for Nigeria’s growth and development.”

Continue Reading

General

CBN Partners NiMet to Integrate Climate Data Into Economic Planning

Published

on

CBN Ways and Means

By Adedapo Adesanya

The Nigerian Meteorological Agency (NiMet) has signed a Memorandum of Understanding (MoU) with the Central Bank of Nigeria (CBN) on data sharing to enhance economic productivity.

This was done at a meeting at CBN Head Office in Abuja, where the weather body led by its Director General, Mr Charles Anosike, on Wednesday, highlighted the importance of integrating weather and climate data into economic research, especially in sectors such as agriculture, energy, and transportation.

He noted that extreme weather events can reduce agricultural productivity and threaten food security.

He added that the collaboration aligns with the Renewed Hope Agenda of President Bola Tinubu, which prioritises food security through major agricultural investment, including the cultivation of 10 million hectares of land and the distribution of mechanised equipment.

Mr Anosike cited a 2026 World Bank report that showed that extreme weather driven by climate change is significantly affecting global food security, with more than 87 million people facing hunger in East and Southern Africa and 52 million in West and Central Africa.

He also referenced the latest Berkeley Earth Report, which projects that 2026 is likely to be the fourth warmest year on record, a trend that continues to shape agricultural and energy market projections.

In his remarks, Mr Muhammad Sani Abdullahi, Deputy Governor, Economic Policy Directorate of the CBN, said the signing of the MoU marked an important step in strengthening the partnership between two key national institutions whose mandates intersect in data, research, and policy support.

He emphasised that, in an increasingly complex and dynamic economic environment, timely and reliable data remain essential for effective policy decisions.

According to him, the Economic Policy Directorate relies heavily on timely and credible statistical information from NiMet, saying that such data are critical for inflation monitoring, agricultural sector assessment, and broader economic policy advisory functions.

He described the initiative as both timely and important, adding that strong institutional partnerships are essential for strengthening evidence-based policymaking and improving the robustness of national data systems.

At the close of the event, Mr Anosike and Mr Sani Abdullahi signed the MoU on behalf of their respective institutions.

Continue Reading

General

POS Operators Barred Within 200 Metres of Police Stations

Published

on

IGP Tunji Disu

By Adedapo Adesanya

The Inspector-General of Police (IGP), Mr Tunji Disu, has ordered an immediate nationwide ban prohibiting Point-of-Sale (POS) operators from running their businesses within a 200-metre radius of any police station, divisional headquarters, or police formation across Nigeria.

This directive, released via an internal police wireless message, addresses critical systemic challenges regarding extortion and corrupt financial practices within law enforcement facilities.

The order is to be strictly enforced nationwide, with senior officers overseeing various formations to be held accountable for any breach of the directive.

The Nigeria Police Force stated that the measure is intended to strengthen transparency, accountability, and public confidence in the policing system.

The decision comes after an alarming proliferation of POS businesses near police facilities, with investigations and public complaints revealing that some operators were actively complicit in facilitating extortion, bribery, and illegal cash transfers forced upon civilians or suspects during police encounters.

Under the directive, Assistant Inspectors-General of Police (AIGs), State Commissioners of Police (CPs), and heads of formations will be held vicariously liable for any breach within their jurisdictions.

The IGP’s order states: “Any officer or POS merchant found flouting the 200-metre operational boundary or colluding in illicit transactions will face immediate disciplinary and criminal actions under extant laws.

“If you are a POS agent or looking into regulatory compliance for financial services in Nigeria, let me know. I can provide details on current Central Bank of Nigeria (CBN) radius registration guidelines or share methods to report officer misconduct directly to the Force Headquarters.”

Continue Reading

Trending