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EFCC Boss Promises More Funds for NDDC, Inaugurates Bayelsa Training Centre

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The Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Olanipekun Olukoyede, has assured the Niger Delta Development Commission, NDDC, of the release of more recovered funds recovered on behalf of the Commission.

The EFCC boss made the promise during the inauguration of the Renewed Hope Multi-Purpose Training Centre in Otuokpoti, Ogbia Local Government Area of Bayelsa State. He also commissioned the NDDC Bayelsa State office in Yenagoa, the state capital.

Olukoyede described the NDDC as a “renewed and transformed government agency.” He assured that the EFCC would do everything to recover all outstanding statutory contributions due to the NDDC from oil companies.

He noted: “We have made several recoveries on behalf of the NDDC, and we will not relent in this direction. We are encouraged by the fact that the NDDC is making the Renewed Hope Agenda of the Federal Government a reality in the Niger Delta region.”

The Minister of Regional Development, Engr. Abubakar Momoh commended the NDDC Board and Management for working in harmony to deliver on the mandate given to the Commission by President Bola Tinubu.

He declared: “The NDDC is setting standards in good performance in the region. I advise the regional development agencies to emulate the Commission in delivering projects to the people.”

The Minister said, “I am pleased that the NDDC is doing very well, which is in line with President Tinubu’s directives. I thank the President and members of the National Assembly for enabling the NDDC to operate efficiently.”

In his remarks, the Chairman of the NDDC Governing Board, Mr. Chiedu Ebie, said that the inauguration of the training centre was a reflection of the President Tinubu administration’s desire to transform the Niger Delta region.

He said: “We thank our stakeholders for their support and encouragement, which has boosted our desire to ensure that we give them what they deserve. We also appreciate the support and partnership of the state governments in several areas.

He stated that the Commission was determined to partner with the governors of Niger Delta states to ensure that the oil-producing states enjoy sustainable development.

Also speaking, the NDDC Managing Director, Dr Samuel Ogbuku, restated the commitment of the Commission to the mandate given to the Commission by President Bola Ahmed Tinubu to change the narrative in Nigeria’s oil-producing region. Ogbuku affirmed that the Commission was engaging all stakeholders to ensure harmony and cooperation in the task of developing the Niger Delta region.

He observed that the Multi-Purpose Training Centre, which was completed in record time, was a partnership between the EFCC and the NDDC, as the anti-crime agency had recovered the funds that facilitated the project’s execution.

Ogbuku observed that the facility, which could accommodate 1,000 persons, represented a significant step toward empowering local communities through skills development and inclusive growth.

He explained: “We have similar facilities currently under construction in Odi, Bayelsa State, while the ones in Delta State are being built in Patani and Ozorro and another two in Rivers State.”

Ogbuku stated, “We are committed to implementing the Renewed Hope Agenda of the Federal Government in the Niger Delta region. We remain dedicated to the mandate given to the NDDC by President Bola Ahmed Tinubu to change the narrative in Nigeria’s oil-producing region.”

The NDDC Executive Director of Projects, Sir Victor Antai, provided a brief overview of the project, explaining that it was awarded in 2023.

He noted that the facilities at the training centre consisted of essential amenities, including a school, hospital, cafeteria, police post, and recreation centre, which would provide comprehensive support for skills training and accommodation in emergencies.

In his goodwill message, the Chairman of the Senate Committee on NDDC, Senator Asuquo Ekpeyong, thanked President Tinubu for his commitment to the progress of the Niger Delta through the Renewed Hope Agenda.

“Members of the National Assembly remain committed to ensuring effective oversight of the NDDC’s operations. Our collective goal is to see the Commission fulfil its mandate and drive sustainable development across the Niger Delta region.”

Seledi Thompson-Wakama

Director, Corporate Affairs

June 17, 2025

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New financial markets facility set to open in Abia

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A forex trading facility is expected to open in Abia State in October, following the 2025 Abia Forex Expo, which organisers said attracted more than 1,500 participants.

The facility is being established by entrepreneur and financial markets personality, Sam Keys, as a platform for financial education, market analysis, trading activities and networking.

According to the organisers, the project followed increased interest in forex trading and other financial market activities among youths and business communities in the state.

The proposed facility will provide a physical location where traders, aspiring investors and other participants can access financial market information, take part in educational activities and interact with others in the sector.

Keys had previously organised the 2025 Abia Forex Expo, which brought together participants interested in forex trading, investment and financial markets.

The new facility is expected to complement such events by providing a permanent location for activities relating to financial market education and trading.

The October opening is expected to attract traders, investors and other individuals interested in learning about the financial markets.

 

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Abia debunks N50,000 akara tax claim

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Abia State Government has debunked reports that akara sellers and other petty traders in the state are being compelled to pay N50,000 as tax, describing the claim as misinformation.

The government also said it had approved the designation of some historical and natural sites as State Monuments and State Natural Monuments, while declaring Aba a Creative and Innovative City.

Commissioner for Information, Prince Okey Kanu, disclosed this on Monday while briefing journalists on the outcome of the State Executive Council meeting presided over by Governor Alex Otti.

Kanu said the historical sites approved as State Monuments include the National War Museum, Umuahia; Ojukwu Bunker, Umuahia; and Government College, Umuahia.

Those designated State Natural Monuments are Ibom Waterfall in Arochukwu and Ulochukwu Cave in Alayi, Bende Local Government Area.

According to him, the designations would strengthen the government’s efforts to preserve the state’s cultural and natural heritage, promote tourism and open up new economic opportunities.

“These sites have been elevated to heritage sites that enhance the state’s tourism potential. With this approval, they are primed to attract recognition as UNESCO Heritage Sites,” Kanu said.

He further disclosed that Aba had been designated a Creative and Innovative City in recognition of its longstanding commercial, industrial and creative significance.

The commissioner said the retrofitting of the Ojukwu Bunker and National War Museum had reached about 80 per cent completion and was expected to be concluded before the end of 2026.

He said the projects would improve the preservation of the sites, enhance visitors’ experience and strengthen their tourism potential.

Kanu also disclosed that the Ministry of Arts, Culture and Creative Economy had received approval to develop the Ibom Waterfall Tourism Corridor in Arochukwu.

He said work had commenced, including grading of access roads to the waterfall, with completion expected before the end of the year.

The commissioner added that the state government had commenced the erection of monuments at strategic locations to preserve Abia’s heritage, honour its heroes and heroines and promote the state’s cultural identity.

He cited a monument being dedicated to the heroines of the 1929 Aba Women’s Riot as one of such initiatives, saying it would celebrate their courage, resilience, resistance and leadership.

No N50,000 tax on akara sellers
On the controversy over alleged excessive taxation, Kanu said there had been no fresh increase in tax rates by the Abia State Board of Internal Revenue, noting that most of the rates being circulated were contained in tax laws enacted in 2020 under the previous administration.

He stressed that the Board could not unilaterally increase tax rates without enabling legislation.

“For starters, these rates are not new. Most of the rates are 2020 tax rates that were introduced by the previous government.

“Let me reiterate that the Board of Internal Revenue cannot raise tax rates without the backing of enabling laws. And no such increases have been introduced by the Abia State Government,” he said.

Kanu explained that demand notices issued by the BIR were provided for under the law, urging taxpayers to comply with relevant tax provisions while assuring that legitimate concerns would be addressed by the appropriate officials.

On the specific claim that akara sellers were being made to pay N50,000, he said: “This is pure fallacy. Nothing can be further from the truth. Akara sellers don’t pay tax or levies. They pay daily tolls. And none can pay N50,000.”

The Chairman of the Abia State Board of Internal Revenue, Mr Uche Elekwachi, corroborated the clarification, saying there was no revenue window under the state’s tax laws requiring akara sellers to pay such an amount.

Elekwachi said the Abia Internally Generated Revenue Service Law establishing the applicable framework was enacted in 2020, before the present administration came into office.

“This whole thing has always been in existence. The Abia Internally Generated Revenue Service Law was enacted in 2020 long before this government came onboard, so we need to make that clarification,” he said.

Gratuity: 2011–2025 retirees next.

On outstanding gratuities owed retired workers, Kanu disclosed that the government had completed payments covering 2001 to 2010 and was preparing for the next batch covering 2011 to 2025.

He said the next payments would commence after the completion of ongoing internal verification and other necessary processes.

The commissioner dismissed claims that the government had only commenced gratuity payments because of pressure from the opposition, explaining that the huge financial commitment involved made payment in batches necessary.

“The payments will be in batches. The funds involved are huge for one balloon payment,” he said.

Kanu also clarified reports suggesting that gratuity payments would continue only until 2031, explaining that such reports are incorrect.

He explained that the State Gratuity Committee had recommended the inclusion of gratuity provisions in the state’s 2026–2031 Medium-Term Expenditure Framework and subsequent annual budgets to ensure that gratuity obligations were systematically provided for and prevent the accumulation of fresh arrears.

“That does not translate to payments being terminated in 2031. As the internal processes and verification of beneficiaries of these payments continue, due payments would still be made in batches,” he said.

He added that the government remained committed to clearing the outstanding liabilities and expressed optimism that the process could be completed earlier than anticipated.

“The conclusion of payment of outstanding gratuities may happen earlier than we ever imagined. Let us therefore wait and see how the next batch of payments will unfold,” Kanu said.

The Commissioner for Arts, Culture and Creative Economy, Mr Matthew Ekwuribe, and the Special Adviser to the Governor on Internally Generated Revenue, Dr Emmanuel Okpechi, were also present at the briefing.

Source: Vanguard.

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‘I have no objection’ – Obi urges UNN to release his academic records

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Presidential candidate of the Nigeria Democratic Congress (NDC) Peter Obi has said he has no objection to the release of his academic records amid reports of a legal action seeking certified true copies of his certificates and other educational documents.

Obi stated this in a statement posted on X on Tuesday, saying he had given consent for the University of Nigeria, Nsukka, to make available his academic records and other official documents relating to his admission and studies, subject to applicable laws.

His statement followed reports circulating on social media concerning a legal action by an individual or group seeking certified true copies of his Bachelor of Arts degree in Philosophy and other academic credentials relating to his admission into the university.

He wrote, “I wish to state clearly that I have absolutely no objection to the release of these records.

“I respectfully request that the University of Nigeria, Nsukka, within the limits permitted by law, make available, upon legitimate request, my academic certificates, records, and other official documents relating to my admission and studies at the University. I equally have no objection to other educational institutions, within and outside Nigeria, which I attended, making my academic records available in accordance with applicable laws and procedures.”

Obi said he believed strongly in transparency and accountability, particularly for individuals seeking public office, but stressed that public scrutiny should be fair, lawful and consistently applied to all presidential candidates.

“As a presidential candidate seeking the trust of Nigerians to lead our country, I welcome legitimate public interest in my background, qualifications, and record. I am prepared to subject myself to the level of scrutiny that should reasonably be expected of anyone seeking the highest office in our country,” he said.

Obi said candidates seeking the nation’s highest office should be willing to subject themselves to reasonable scrutiny and demonstrate that they had nothing to conceal from the people they sought to serve.

He subsequently challenged other presidential candidates to make their educational qualifications and relevant records available for public scrutiny.

“Doing so should not be regarded as an inconvenience or an attack. Rather, it is an opportunity to strengthen public confidence, promote accountability, and rebuild the trust of Nigerians in those who seek to govern them,” he said

Obi added that transparency, integrity and accountability should begin with those seeking to lead the country.

“I therefore welcome the scrutiny of my academic background and remain committed to the principle that those who ask Nigerians for their trust must also be willing to earn that trust through openness and accountability,” he added.

 

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