General
Why ISOPADEC is Under Investigation—Irona
Recently, the Imo State government constituted an investigative panel to look into the management of the Imo state Oil Producing areas Development Commission (ISOPADEC).
While some saw this as a welcome development, others claimed it was part of the present government’s agenda to witch-hunt the immediate past government of Senator Rochas Okorocha.
But Deputy Governor of Imo State, Mr Gerald Irona explained that the decision to probe the commission was because of reports of mismanagement of the agency by previous administrations in the state.
Speaking when he received a delegation of stakeholders from Ohaji, in Ohaji Egbema Local Government Area under the auspices of Ogbako Ohaji, a socio-cultural organisation, led by Chief Goddy Obodo, the Deputy Governor said, “Few weeks before the last administration of Rochas Okorocha left, over N420 million was released on the orders of the former Governor to buy vehicles.
“The funds were not for ISOPADEC use, but for other uses. The funds were ISOPADEC funds. The salary wage bill is a little over N40 million and they were receiving about N95 million.
“There were a lot of issues. We now insisted that we must look into what has transpired. We are not witch hunting anyone. We just want to get things right.”
“The government set up an investigative panel; a panel of enquiry to look into how the commission was managed in the past years. We need to know how much was received by the commission and how the funds were utilized. We need to know what they did with our money and who played what role. We want ISOPADEC to work well.”
“We must ensure that ISOPADEC functions properly as an interventionist agency. It is unacceptable that till date, communities in Ohaji/Egbema/Oguta do not have portable water and electricity. The new ISOPADEC management must rise to the challenge of addressing the needs of the people. We constituted an ISOPADEC Advisory Council to be able to guide and encourage the new management, with a view to ensuring that the spirit and letters of ISOPADEC are strictly adhered to. The era of sharing ISOPADEC money is over.”
Speaking on funding, the Deputy Governor assured that the Commission shall be funded according to the law establishing it, even as he charged the new management on accountability.
“ISOPADEC must be accountable. It shall be funded according to the law establishing it. Funding will not be an issue. The issue will be how to manage the funds. It calls for prudence. There must be consultation, transparency and accountability.”
He further assured the delegation that Adapalm Nigeria will be properly managed in the interest of the citizens.
Speaking earlier, leader of the delegation and former lawmaker, Chief Goddy Obodo expressed gratitude to the government of Chief Emeka Ihedioha for considering Ohaji indigenes in political appointments, assuring him of their continued support.
He described the Deputy Governor as a great gift to people of the area, promising that people of the area will not disappoint.
“We are here to identify with you. Carry our message of gratitude to Governor Emeka Ihedioha. We are here to express our happiness. Within one month of our administration, we are already feeling a wind of change. We are here to tell you that we are happy with the government. As long as politics is concerned, be rest assured that Ohaji is solidly behind you. Call us anytime, any day, we are for you.”
“For Eight years, ISOPADEC was almost closed down. For eight years, no one from Ohaji benefited anything from ISOPADEC. The people of Ohaji that have so far been given appointments are tested and trusted. They will not fail you.”
Speaking on Adapalm, Obodo stated: “Adapalm, at some point was in someone’s pocket. Today, the government has set up an Interim Management Committee to turn it around. Ohaji people are standing by you.”
On youth restiveness, Obodo argued that youth of the area were deceived into thuggery, urging the cooperation of all to change the narrative.
“They deceived Ohaji youth into thuggery. That is not our character. We are disciplined, honest and hardworking people. Please, help us to change this narrative.”
Other members of the delegation were: former Commissioner, Barr. Golden Nwosu, Chairman, Interim Management Committee of Adapalm, Dr. Anthony Kerunwa, ISOPADEC Chairman, Barr. Magnus Obido, member of ISOPADEC Board, Hon. Emeka Alihie, Imo State Publicity Secretary of the Peoples Democratic Party, Hon. Damian Opara, among others.
General
Navy Launches Operation Delta Sentinel to Achieve 2.5mb/d Oil Output
By Adedapo Adesanya
The Nigerian Navy has launched Operation Delta Sentinel, a new maritime security initiative designed to curb crude oil theft, secure critical oil assets and support the federal government’s ambition to ramp up crude production to 2.5 million barrels per day by 2027.
The operation, which replaces Operation Delta Sanity II, was formally unveiled at the Nigerian Navy Ship (NNS) Pathfinder Jetty in Port Harcourt, marking a renewed push to stabilise the Niger Delta and protect Nigeria’s oil-dependent economy.
Speaking at the launch, Commander Task Group 26.1, Operation Delta Sentinel, Rear Admiral Suleiman Ibrahim, said the initiative was aligned with the Federal Government’s drive to boost oil exploration and production under the Project 1 Million Barrels Per Day initiative of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
“The transformation from Operation Delta Sanity II to Operation Delta Sentinel is necessitated, among other considerations, by the Federal Government drive to increase oil exploration and production,” he said, adding that, “It is further anticipated that oil production would be about 2.5 million barrels per day by 2027.”
Rear Admiral Ibrahim, who is also the Flag Officer Commanding, Central Naval Command, said Operation Delta Sentinel would run for an initial one-year period, subject to 90-day renewable mandates, and would focus on denying criminal networks access to Nigeria’s maritime and oil infrastructure.
“Our objective is clear and unambiguous: to deny criminal elements freedom of action, protect critical national oil assets, support legitimate economic activities and contribute to enduring peace and stability in the Niger Delta,” he stated.
He explained that the operation would rely heavily on intelligence-driven missions, enhanced inter-agency collaboration and advanced surveillance tools, including Maritime Domain Awareness infrastructure, new maritime platforms, and manned and unmanned air assets.
“Our approach will be deliberate, innovative and technology-enabled. These capabilities will enable us to optimise asset utilisation, improve situational awareness and maintain a proactive operational posture,” he added.
The Navy said early indicators already show progress, noting that crude oil losses have dropped by about 90 per cent, from 102,900 barrels per day in 2021 to 9,600 barrels per day as of September 25.
Earlier, Flag Officer Commanding, Eastern Naval Command, Rear Admiral Chiedozie Okehie, highlighted the achievements of Operation Delta Sanity II, which was launched on December 30, 2024, to combat crude oil theft, illegal bunkering and pipeline vandalism.
“Operation Delta Sanity II lived up to expectations and made measurable contributions to national security and economic stability,” the Naval commander said.
According to him, between January 1 and December 31, 2025, the operation led to the arrest of 203 suspects, the deactivation of 324 illegal refining sites, and the seizure of stolen petroleum products valued at over N3.65 billion.
“An estimated 3.78 million litres of stolen crude oil, over 1.09 million litres of illegally refined AGO, 86,210 litres of PMS and 74,300 litres of kerosene were seized and appropriately handled,” he disclosed.
Rear Admiral Okehie added that the Navy’s operations, supported by collaboration with regulators, security agencies, oil industry stakeholders and host communities, contributed to a significant decline in crude oil losses, with NUPRC reporting the lowest loss levels since 2009 in September 2025.
With Operation Delta Sentinel now in force, the Navy said it is positioning itself as a key enabler of Nigeria’s oil production growth, investor confidence and long-term stability in the Niger Delta.
General
NUPRC, NRS Seal Oil Revenue Alliance Under New Tax Laws
By Adedapo Adesanya
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigeria Revenue Service (NRS) have moved to formalise a closer working relationship under the country’s new tax regime to ensure that upstream oil and gas revenues get tighter oversight and improved collection.
The renewed revenue alliance was activated when the chief executive of NUPRC, Mrs Oritsemeyiwa Eyesan, paid a strategic visit to the chairman of NRS, Mr Zacch Adedeji, at the tax agency’s corporate headquarters in Abuja.
The engagement comes less than two weeks after new tax laws took effect on January 1, 2026, mandating deeper collaboration between sector regulators and revenue authorities in the collection of oil and gas proceeds accruing to the Federation.
Speaking during the meeting, Mrs Eyesan said the engagement was part of her post-assumption consultations aimed at aligning the upstream regulator with critical national revenue institutions.
“With the new tax laws now in force, it is important that NUPRC and NRS work in close coordination to ensure that oil and gas revenues due to the Federation are fully captured,” Mrs Eyesan said.
“Our mandate goes beyond regulation. It includes ensuring transparency, efficiency and accountability in revenue flows from upstream petroleum operations.”
She stressed that effective collaboration between both agencies would strengthen compliance, reduce leakages and support government revenue targets at a time of heightened fiscal pressure.
On his part, Mr Adedeji said the tax authority was committed to working with sector regulators to maximise revenue mobilisation under the evolving legal framework.
“The oil and gas sector remains critical to Nigeria’s revenue base, and collaboration with NUPRC is essential to meeting government revenue targets,” Mr Adedeji said.
“With clearer laws and better data-sharing between our institutions, we can significantly improve collection efficiency and enforcement.”
Both agencies agreed to deepen cooperation through information sharing and coordinated operational strategies, in line with the provisions of the new tax laws governing petroleum operations.
The meeting concluded with a shared resolve by NUPRC and NRS to prioritise national interest, tighten revenue assurance mechanisms and ensure that Nigeria derives maximum value from its upstream petroleum resources.
General
Applications for Second Cohort of Moniepoint’s DreamDevs Initiative Open
By Modupe Gbadeyanka
To double down on Africa’s tech talent pipeline, the continent’s leading digital financial services provider, Moniepoint Incorporated, has opened applications for the second cohort of its flagship transformative programme, DreamDevs initiative.
A statement from the organisation disclosed that entries are expected to close on Tuesday, January 20, 2026, and should be submitted via dreamdevs.moniepoint.com.
Selection will be based on technical aptitude, learning potential, and alignment with Moniepoint’s values of innovation and excellence.
DreamDevs was created to bridge the tech talent gap in Africa by equipping recent graduates with industry-ready skills and real-world experience.
Each year, just 20 high-potential candidates are selected into an intensive bootcamp, with the strongest performers progressing into internship and full-time roles at Moniepoint.
Last year’s cohort delivered four hires – three interns and one full-time engineer – validating the programme’s role as a high-impact talent pipeline.
Targeting graduates from technology, computer science, engineering, and related fields with foundational programming knowledge in HTML, CSS, and JavaScript, DreamDevs offers a rigorous nine-week boot camp that immerses participants via hands-on training from leading software engineers. Standout performers will secure six-month internship placements at Moniepoint, with potential progression to full-time employment based on performance.
“The results from our first cohort validated our belief that with the right training and support, Africa’s young tech talent can compete globally.
“This year, we’re doubling down on our commitment by aiming to convert half of our participants into full-time employees. For us, DreamDevs is all about creating sustainable career pathways that drive Africa’s digital economy forward,” the co-founder and Chief Technology Officer at Moniepont, Mr Felix Ike, said.
“We’re proud to support the government’s vision of building three million technical talents while also creating direct employment opportunities through initiatives like DreamDevs. This multi-faceted approach ensures we’re contributing to national goals while simultaneously addressing our industry’s immediate talent needs.
“By investing in young people and providing them with practical experience, startup incubation support, and product development opportunities, we are not only creating high-impact jobs and driving sustainable economic growth across the continent,” he added.
Sharing his experience, a member of the first cohort and now a Backend Engineer at Moniepoint, Mr Victor Adepoju, said, “The organisation of the programme was top-notch. The training covered a wide range of topics and provided a solid foundation I could continue to build on.
“I learned a great deal about cloud technologies, particularly Google Cloud Platform. The program also emphasised valuable soft skills, including planning, organisation, and prioritisation, which have been very useful in my day-to-day work.”
DreamDevs aligns with Moniepoint’s broader vision of using technology to power the dreams of millions and engineer financial happiness across Africa. It complements the company’s existing talent development programs, including HatchDev – a collaboration with NITHub Unilag that produces 500 specialised developers annually across software engineering, intelligent systems, and IoT/embedded systems as well as its hugely popular, Women-in-Tech which is now in its fifth year. The initiative is also in tandem with the federal government’s 3 Million Technical Talent (3MTT) programme, for which Moniepoint serves as a key sponsor. While the 3MTT programme focuses on mass technical skills training across Nigeria, DreamDevs provides a specialised pathway that takes graduates from foundational training through to employment, creating a complete talent development ecosystem.
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