General
Ignore Wike at Your Peril—SERG Tells Atiku
By Modupe Gbadeyanka
The presidential candidate of the Peoples Democratic Party (PDP), Mr Atiku Abubakar, has been told to do everything possible within his power to mend fences with the Governor of Rivers State, Mr Nyesom Wike.
The Governor contested the party’s ticket a few months ago but lost out after his counterpart from Sokoto State, Mr Aminu Tambuwal, urged delegates at the primary to support the former Vice President of Nigeria.
Mr Wike had believed that the ticket would be his until the last-minute uppercut by Mr Tambuwal, who the Rivers Governor supported for the 2019 presidential primary.
After he lost his ambition to become the next President of Nigeria, Mr Wike had thought that he would be considered for the VP slot, but Mr Atiku opted for the Governor of Delta State, Mr Ifeanyi Okowa. Since then, Mr Wike has threatened fire, asking the chairman of the party, Mr Iyorchia Ayu, to resign.
This week, those in the camp of the Rivers Governor pulled out of the campaign team of the party’s presidential candidate, an action some observers have said could backfire.
But a frontline pan-Igbo socio-political pressure organisation, the South East Revival Group (SERG), wants Mr Atiku to handle the situation with care, warning of “impending political calamity, not just for him as a contestant, but also for the PDP as a political party” if Governor Wike and his protesting camp are ignored.
In a statement signed by its National Coordinator, Mr Willy Ezugwu, the group said Mr Ayu must step down, maintaining that “it was suicidal politically for Alhaji Atiku Abubakar to play the my-hands-are-tied card.”
“As the leader of the PDP in prosecuting his 2023 presidential campaign, having emerged as the party’s candidate, the mistake of hiding under the rule of law to sustain injustice and promote lack of honour by party members will be detrimental to the success of the PDP and her presidential candidate in February 2023.
“Atiku must not forget that the entire South, especially the South East, has options after Igbos were denied the presidential ticket by the PDP when it jettisoned the zoning formula as entrenched in the party’s constitution but will now turn around to insist on a lopsided leadership of the party under the guise of the party constitution even when Ayu became the National Chairman of the party based on an agreement that he will resign if a presidential candidate emerges from the north.
“Such other political options will be gladly explored by the South East of Nigeria and other southern political blocs when it becomes expedient.
“It must be noted that with the Peter Obi movement’s increasing acceptance through the current move by young Nigerian people to produce a President of their choice, and the decision of the ruling All Progressives Congress (APC) to produce a northern Muslim vice-presidential candidate from Atiku’s North East constituency, should be ringing the loud political bell in the PDP that ignoring the demands of the Wike camp will be an irredeemable mistake.
“While it is true that the PDP gave Iyorchia Ayu a resounding vote of confidence, the question is, how will such vote of confidence convince traditional PDP zones like the South East and South-South to vote for Atiku?
“Already, the denial of the South East of its well-deserved presidential slot, contrary to PDP’s zoning arrangements, was a way of saying to the region that your loyalty to the party over the years does not matter.
“However, to throw away the aggrieved Wike camp, which cuts across the six geopolitical zones of the country, will be a regrettable decision for Atiku and the PDP,” SERG warned.
By Adedapo Adesanya
Three African subsidiaries of global advisory firm, PricewaterhouseCoopers (PwC), have been debarred by the World Bank Group for 21 months after being found guilty of manipulating procurement processes for a major cross-border electricity project.
In a statement on Wednesday, the Washington-based multilateral lender said PricewaterhouseCoopers Associates Africa Ltd, based in Mauritius, along with its Kenyan and Rwandan affiliates, engaged in “collusive and fraudulent practices” linked to the Eastern Electricity Highway Project, a flagship initiative to transmit hydropower from Ethiopia to Kenya.
The decision sidelines PwC from lucrative World Bank-funded projects on the continent, dealing a blow to one of the region’s most influential audit and advisory firms.
This development could reshape competition for high-value consulting work across emerging markets, potentially disrupting startups and tech firms reliant on World Bank funding, as scrutiny over governance and compliance tightens.
The World Bank, through its private sector arm, International Finance Corporation (IFC), offers grants and low-interest loans to startups across emerging markets.
Earlier this week, the IFC committed $20 million to invest in high-growth startups in Kenya, Nigeria, and South Africa.
“The debarment makes PwC Associates, PwC Kenya, PwC Rwanda, and any affiliates they control ineligible to participate in Bank Group-financed projects and operations,” the World Bank said. “It is part of a settlement agreement under which the three companies admit culpability for sanctionable practices.”
The determination was based on the company’s conduct between 2019 and the award of contracts for consultancy services and asset valuation work for the Ethiopian state power utilities.
According to the World Bank statement, the firm obtained confidential procurement documents to improperly influence the award of a contract for the implementation of International Financial Reporting Standards at the Ethiopian Electric Power Corporation.
They also attempted to steer a separate contract for a fixed asset inventory and revaluation for the power utility towards PwC Associates. During the bidding and execution of that contract, the bank found that the company misrepresented the availability and qualifications of key experts and failed to disclose the full list of subconsultants involved.
According to the World Bank, the debarment is shorter than would otherwise apply because PwC admitted misconduct. The advisory firm also agreed to a series of remedial measures, including internal investigations, disciplinary action against responsible staff, terminating relationships with all subconsultants involved, and additional staff training.
By Adedapo Adesanya
The Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding (MoU) with UK‑based Asset Green Limited to advance the development of a $496 million large‑scale integrated dairy livestock production and processing platform set to transform Nigeria’s dairy industry and strengthen national food security.
This was signed on Tuesday in London ahead of President Bola Tinubu’s state visit. The MoU outlines the framework for collaboration and the project‑development cost commitments leading up to the formal shareholders’ agreement.
It will combine 20,000 hectares of climate‑smart, regenerative crop and forage production with a modern 10,000‑milking cow dairy operation, supported by a state‑of‑the‑art processing plant capable of producing fresh milk, milk powders, butter, cream, and up to 15,000 metric tonnes of infant formula annually.
Designed to reduce Nigeria’s reliance on imported milk powder, the project aims to modernise agricultural practices, improve nutrition, and integrate up to 10,000 rural households into the supply chain through inclusive out‑grower schemes. Once operational, the platform is expected to generate over $620 million annually and create 2,500 direct and 5,000 indirect jobs nationwide.
Speaking on this, the British Deputy High Commissioner, Mr Jonny Baxter, said, “Over a decade ago, the UK provided pivotal support to Nigeria in establishing the NSIA, offering legal and financial expertise that helped lay the foundation for its successful launch and strengthening its governance and credibility. That early institutional investment has paid dividends, helping to build a resilient Nigerian institution capable of creating jobs and driving transformational, long‑term development.
“The NSIA and Asset Green partnership is a powerful example of how that groundwork continues to deliver impact – a full‑circle moment that reflects the long-term economic cooperation between the UK and Nigeria and the shared commitment to deepening sustainable, private‑sector‑driven growth.”
The NSIA Managing Director, Mr Aminu Umar‑Sadiq, said, “NSIA is pleased to partner with Asset Green on this transformative investment. With a project size of almost US$500 million, this is one of the most ambitious initiatives aimed at strengthening Nigeria’s food and nutrition security in a generation. By combining climate‑smart farming, advanced processing capacity, and inclusive out‑grower participation, we are laying the foundation for a modern, competitive dairy sector that reduces import dependence, creates meaningful jobs, and delivers long‑term value for Nigerians.”
On his part, Asset Green’s Director & Agrium Capital Ltd chief executive, Mr Rod Bassett, explained that the partnership between NSIA and the firm is the business and investment innovation required to unlock the potential of the agriculture sector in Nigeria, with the development of such a future (dairy) food system.
“The foundation of the approach is one of collaborating with NSIA and their shared vision and purpose to establish a platform to catalyse the development of such a national strategic priority. We are incredibly proud to partner with Nigeria’s premier investment institution.”
“The development of greenfield projects has consistently played a major role in our history, establishing industries or nurturing young businesses that are able to deliver catalytic transformation. This $500 million greenfield investment in Nigeria’s dairy industry allows for the development of advanced and necessary infrastructure spanning the full production and supply system to enhance local production, reduce the reliance on the huge imports of dairy goods into Nigeria, deliver environmental services and strengthen national food sovereignty and nutritional resilience,” he added.
By Aduragbemi Omiyale
A Federal High Court in Warri, Delta State, has affirmed the right of Nigerians to film personnel of the Nigeria Police Force (NPF) on duty.
The judgment was given by Justice H. A. Nganjiwa on Tuesday in a case filed by Mr Maxwell Uwaifo in suit number FHC/WR/CS/87/2025.
The court held that Nigerians have the constitutional right to use any device to record police officers executing their official duties in public.
It was ruled that police officers must wear visible name tags, display their force numbers, and must not harass, intimidate, arrest, or seize devices from citizens documenting their activities.
The court awarded the applicant N5 million in damages for the violation of his fundamental rights and N2 million for the cost of litigation.
Business Post reports that the respondents in the case were the Inspector General of Police (IGP), the NPF, the Police Service Commission (PSC), and the Attorney-General of the Federation (AGF).
The lawyer filed the case in accordance with Sections 34, 35, 36, 37, 38, 39, 40, and 41 of the Constitution of Nigeria and others.
“This judgement has significant implications for policing standards, civil liberties, and public accountability across Nigeria,” Mr Uwaifo said after the judgement.
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