News
Former Delta Governor Ifeanyi Okowa Detained by EFCC Over Alleged Misappropriation of N1.3 Trillion
Former Delta State Governor, Ifeanyi Okowa, remains in Economic and Financial Crimes Commission (EFCC) custody in Port Harcourt for a second night, as investigations continue into alleged misappropriation of N1.3 trillion in state funds. Okowa, who served as the People’s Democratic Party (PDP) vice-presidential candidate alongside Atiku Abubakar in the 2023 election, responded to an EFCC summons on Monday but has since been held while investigators assess the charges.
The Delta State chapter of the All Progressives Congress (APC) has endorsed Okowa’s detention, viewing it as a significant step in combating corruption in Nigeria.
APC spokesperson Valentine Onojeghuo criticized Okowa’s term, alleging “reckless borrowing” and a “high debt profile” with limited infrastructure development to show for it.
The APC stated Okowa’s arrest signals that no official, regardless of rank or affiliation, is beyond accountability.
Reports indicate Okowa faces additional allegations involving N40 billion purportedly invested in UTM Floating Liquefied Natural Gas shares and private equity in a Nigerian bank, allegedly using state funds.
Investigators are also examining Okowa’s acquisition of properties in Abuja and Asaba, Delta State, for personal use.
News
Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.
She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”
“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”
News
Peter Obi Criticises President Tinubu’s Statement on Hunger
Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.
It can be noted that the President recently stated that hunger has always existed in Nigeria.
Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”
“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”
News
Nigerian Army Launches New IED Training Programme
Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).
The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.
It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”
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