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Stakeholders Insists Imo Must Produce Next NDDC MD

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By Adedapo Adesanya

Stakeholders of the Imo State Oil Producing Areas Development Commission (ISOPADEC) have urged the administration of Mr Emeka Ihedioha to return the Commission to the oil landlords in the state.

They made this call at a meeting with the Governor, who was represented by his deputy, Mr Gerald Irona, at a gathering of stakeholders that comprised members of Ohaji/Egbema/Oguta at Oguta Civic Center, last Sunday.

The stakeholders expressed their displeasure over a sponsored publication that stated that the state, which was one of the oil producing states in the country, was not entitled to produce a Managing Director for the Niger Delta Development Commission (NDDC).

They argued that it was the turn of Imo State to produce the Managing Director of the NDDC, agreeing to take steps to advance an advocacy towards achieving same.

A 19-point Communique issued at the meeting urged stakeholders to refute the advertorial on page 26 of Vanguard newspapers, with the false claim that Imo State should not produce a Managing Director for the NDDC.

The Deputy Governor in his address used the occasion to express his discomfiture at the sponsored publication that stated that Imo State was not entitled to the position of the Managing Director of NDDC, describing it as toxic.

Mr Irona said he saw it as the politicization of ISOPADEC by the previous administrations in the state, reiterating the determination of the administration of Chief Emeka Ihedioha to return the Commission to the oil landlords in the state.

Speaking on funding of the Commission, he stressed: “I have extracted commitment from our leader and Governor of Imo State, His Excellency, Rt. Hon. Emeka Ihedioha that ISOPADEC shall receive full funding, as provided by the law establishing it.

“The State Government has released all the monies meant for local governments to them. ISOPADEC has received its funds in full. Our people should hold the chairmen and ISOPADEC leadership to account. The Governor has demonstrated faith by releasing the funds, as promised.”

Also, at the meeting, there was the formal presentation of the new leadership of ISOPADEC, Adapalm Nigeria Limited, as well as the ISOPADEC Advisory Committee whom he charged to be non-partisan.

He also used the occasion to urge traditional rulers in the area to take full responsibility for all government Infrastructure in their domain.

Stakeholders praised the administration of Mr Ihedioha and his Deputy for what they described as inclusive governance, assuring them of total support.

The meeting was attended by very important dignitaries, among whom are: Prof. Okee Okoro, Sir Mike Okiro, former Inspector General of Police, Prof. Victor Kogah, Engr. John Otti, former Chairman, Presidential Taskforce on Power, General Kalu Egwuagu (Rtd), Prof. Ike Azogu, Hon. Hilary Eberendu.

Also gracing the event were Chairman, Interim Management Committee, Oguta LGA, Hon. Damian Ezeru, Chairman, Interim Management Committee, Ohaji/Egbema LGA, Engr. Anthony Okwuosha, Managing Director, Imo State Oil Producing Areas Development Commission-ISOPADEC, Barr. Magnus Obido, Chairman, ISOPADEC Board, Traditional Rulers, community leaders, opinion leaders, civil society organizations, among others.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Nigeria Adopts New Security Framework to Safeguard Oil Assets

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oil assets

By Adedapo Adesanya

Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Ministry of Defence have agreed to deepen collaboration on the protection of critical oil and gas infrastructure through a new non-kinetic security framework designed to curb threats, strengthen community relations and sustain rising output.

The initiative comes as Nigeria recorded crude oil production of nearly 1.8 million barrels per day, one of the highest production levels in recent years, amid intensified efforts to combat crude oil theft, pipeline vandalism and other security challenges across the Niger Delta.

Speaking during a courtesy visit by a delegation from the Ministry of Defence to the Commission’s headquarters in Abuja, the chief executive of NUPRC, Mrs Oritsemeyiwa Eyesan, said the country’s recent production gains were directly linked to coordinated interventions involving security agencies and industry stakeholders.

“Today, we are benefiting from those efforts. Last month, we recorded production of nearly 1.8 million barrels per day throughout the month,” Mrs Eyesan said.

She noted that sustained investments in security operations, technology deployment and human capacity development had significantly improved production stability and operational efficiency in the upstream petroleum sector.

According to her, maintaining and expanding the gains has become critical as Nigeria seeks to increase crude oil output, attract fresh investments and maximise revenue generation from the petroleum industry.

“As we look to the future, we desire to grow production and must have assurances that security threats can be effectively managed. We can only achieve this through stronger collaboration with security agencies and industry stakeholders,” she stated.

Mrs Eyesan stressed that safeguarding oil and gas assets remains central to Nigeria’s energy security strategy and economic growth objectives, noting that production assurance has become a key requirement for investors considering new upstream projects.

She disclosed that the Commission was exploring wider deployment of advanced technologies, including drone surveillance systems, to improve monitoring of the country’s vast oil and gas infrastructure network and detect threats before they escalate into operational disruptions.

The NUPRC boss further revealed that the Commission would work closely with operators to refine and implement a new security framework, while providing leadership in stakeholder engagement and governance structures needed to ensure long-term sustainability.

The Minister of Defence, Mr Christopher Gwabin Musa, said the Ministry was introducing a non-kinetic security intervention model aimed at addressing the underlying causes of insecurity in oil-producing communities.

Rather than relying solely on military operations, he explained that the strategy would focus on community engagement, youth empowerment and social inclusion programmes to build lasting peace around critical energy infrastructure.

“One of the best ways to engage youths in oil-producing areas is through sports-based interventions,” Mr Musa stated.

He explained that the initiative would utilise sports development programmes to channel youthful energy into productive activities, reduce vulnerability to criminal networks and strengthen community ownership of critical national assets.

The Defence Minister, who was represented by one of his aides, added that the intervention would also include structured programmes for persons living with disabilities, creating broader opportunities for participation and economic inclusion in host communities.

According to him, the initiative aligns with the Host Community Development provisions of the Petroleum Industry Act (PIA) and is expected to strengthen relationships between operators and host communities while promoting sustainable development.

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PTML Unveils $50m Expansion Plan for Tin Can Island Port

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PTML

By Adedapo Adesanya

Port and Terminal Multiservices Limited (PTML) has disclosed the investment of $50 million to expand its terminal at Tin Can Island Port, Lagos, as part of efforts to strengthen Nigeria’s bid to become the leading maritime hub in West and Central Africa.

PTML Managing Director, Mr Ascanio Russo, made the disclosure on Wednesday during a visit to the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, in Abuja.

The investment by PTML, a member of the Grimaldi Group, will expand berthing capacity and acquire additional modern port equipment.

“The Grimaldi Group remains deeply committed to Nigeria and believes in the country’s potential as the leading maritime and logistics gateway in West and Central Africa,” Mr Russo said.

“This $50 million investment is designed to expand our berthing capacity and deploy modern equipment that will enhance operational efficiency, cargo handling, and service delivery.”

He said the upgraded berths would enable PTML to receive next-generation Container/Roll-on Roll-off, Con-Ro, vessels, including the largest Con-Ro ships currently operating globally, directly at the Lagos terminal.

“The maritime industry is evolving rapidly, with larger vessels becoming the standard for international trade. Through this expansion, PTML will be fully equipped to accommodate these next-generation Con-Ro vessels and keep Nigeria competitive for global shipping lines,” Mr Russo stated.

He added that the project responds directly to the Federal Government’s call for increased private-sector participation in port modernisation.

Mr Russo said the expansion would facilitate trade, increase cargo throughput, create jobs during construction and operations, and boost government revenue through higher port activity.

On his part, Mr Oyetola welcomed the investment as a vote of confidence in the Federal Government’s maritime reforms.

“This investment shows our reforms are yielding results and that international investors recognise the opportunities in Nigeria’s maritime sector,” the minister said. “We are determined to transform our ports into modern, efficient, and globally competitive gateways that support economic growth and position Nigeria as the maritime hub of West and Central Africa.”

Mr Oyetola said the government was implementing measures to improve port efficiency, reduce bottlenecks, upgrade infrastructure, and strengthen the ease of doing business.

He said these include port modernisation, deeper collaboration with private operators, digitalisation of port processes, and policies to attract more maritime trade.

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Lagos Police Investigates Ammunition Package Delivery to First Bank MD

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Oluwasegun Alebiosu First Bank MD

By Adedapo Adesanya

The Lagos State Police Command is investigating the delivery of a parcel containing live ammunition delivered to the managing director of First Bank Nigeria, Mr Oluwasegun Alebiosu.

The Commissioner of Police, Lagos State command, Mr Tijani Fatai, confirmed the incident on Tuesday during a press briefing at the command headquarters.

He said Mr Alebiosu reported the case on May 7, noting that two rounds of 7.62mm live ammunition were sent to him through a parcel.

“The managing director reported the matter to the police after a package containing two rounds of 7.62mm live ammunition was delivered on his behalf by his security guard at his residence. The case is still under investigation, and we are treating it with the seriousness it deserves,” he said.

According to him, the parcel was first received by the bank chief’s security guard, who then handed it over to him.

The police commissioner said that operatives have launched an investigation, including forensic analysis and intelligence work, to identify the perpetrators and the circumstances of the incident.

He added that no suspect linked to the crime has been brought into custody.

“Presently, no suspect is in custody. Even though the MD has mentioned some people whom he suspected of being the brains behind it, that is his suspicion, anyway. We are still working on it,” he said.

Mr Fatai noted that detectives are reviewing information provided by the complainant, including details of individuals who may have relevant knowledge of the incident.

He assured the public that the command would keep them informed as the investigations go on, adding that the public should allow the police to carry out their duties.

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