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EFCC Invitation: Okowa challenges critics, receives Delta monarchs’ support over his travails
Former Governor of Delta State, Senator Ifeanyi Okowa, has urged his critics and the sponsors of petitions against him before the Economic and Financial Crimes Commission (EFCC) to counter his responses if they have any substantial evidence.
Okowa stated this during a solidarity visit from the Delta State Traditional Rulers Council, led by its Chairman, Maj.-Gen. Felix Mujakperuo (retd), Orodje of Okpe, Orhue I, at his residence in Asaba on Thursday.
Okowa expressed that the allegations presented in the petitions and circulated in the media were unfounded and politically driven. He described them as “malicious and mischievous,” emphasizing that his actions throughout his tenure were in the best interests of Delta State.
“The accusations put forth are politically motivated, intended to tarnish my image. In politics, such challenges come with the territory, but it’s disappointing that the narratives spread in the media lack substance,” he stated.
The visit from Delta’s traditional leaders underscored their unified stance, emphasizing respect for Okowa’s contributions to the state and his commitment to integrity in office.
According to him, in politics, there are all kinds of things that you go through, but it’s just unfortunate that the news that was communicated to the media was not reasonable enough.
“There are certain things that you see that are probably imaginable, but there are things you see, and they are unintelligent lies because alleging that somebody misappropriated N1.3 trillion is ridiculous.
“The implication of that is that the person will have to take a minimum of N16 to N20 billion every month for 96 months.
“So it’s not just unreasonable but unfortunate because this kind of thing has been prepared. I was outside the country for 30 days and I saw when someone wrote that I was detained for three days and I had not even been invited then; so, you can see that grounds were prepared for the propaganda they released.
“As for the EFCC investigation, I am not afraid of any investigation, neither will I stop the EFCC from carrying out their investigations because they must do their work.
“Some governors will go to court to stop them, but I will not stop them because they are doing their normal duties. But, the important thing is that the right communication must be put to the public.
“Unfortunately, some individuals were able to sway a section of the media to send the wrong communication out there,” the former governor said.
He disclosed that he answered the questions EFCC officials asked him, saying “and, I believe that they themselves will know that those things were obvious lies because the information that was put there is not the same with the petition before the EFCC. So, it’s just politics.
“I know it’s just politics because I know all the angles that it came from. But, this will not deter me from doing what I can do, and I thank God for Delta State. With the collective support of everybody, we were able to do the best that we could for the state.
“It is for us to continue to stay focused as a state. It is not possible for everybody in the state to think in the same manners, but it is up to them to communicate the right thing out there rather than lying to the public.”
Okowa said that his administration in the state performed what had been acknowledged as great in and outside the state.
According to him, we may not have made a lot of noise, but we can beat our chest with the advice of our fathers, like you, and with the collective support of the people of Delta State, a lot was done, and I thank God.
“Some people may have grudges, but it is up to them to communicate in the right manners rather than lying to the public because there is nothing hidden.
“The audited accounts of the State is a process that goes through the House of Assembly, and the figures are out there for every year.
“They have done lots of investigations on what we have done in the state and I am sure they are impressed with what they have seen.
“All the projects that we did are all there. They have come to check all the projects, and just two days ago, the Commissioner for Higher Education was here, and he was telling me about the progress made so far in the three new universities.
“They are entering their final year now, and they will be graduating their first set next year. I am told that this year alone, the University of Delta, Agbor admitted 4,500 students while Ozoro took 4,000 students and Dennis Osadebay University, Asaba, admitted 3,000.
“So just imagine that over 30,000 students are currently admitted in these three universities already, and they are all running simultaneously.
“We are the only state with four state universities running, and we are not owing salaries while infrastructure is being developed simultaneously in all the universities,” Okowa stated.
He added that his administration did a lot to combat flooding in Asaba and Warri and commended Governor Sheriff Oborevwori for continuing with the Warri Storm Water Drainage project, which was 80 per cent completed at the moment.
“We took our development up to the riverine areas, and they know the level we went in paving and providing concrete roads for them, and we thank God for all these.
“I thank God for fathers like you who were always around, and if we did not do well, you would have shouted to us to do well.
“I want to assure you that I am not disturbed. It’s one of those things we see in politics, and I am sure that the right information is out there now, and I want them to controvert what we put out there.
“You are fathers to this state and you are also fathers to me, and I thank you for all the support you gave to me throughout my eight years in office.
“I believe that with your prayers, Delta State was peaceful throughout my 8 years in office, and I am glad for this warm visit because when your fathers come to visit and pray for you, all will be well with you,” he stated.
Earlier, the chairman of the traditional rulers’ council had said that their mission was in solidarity with the former governor over his travails with the EFCC, adding that they would continue to pray for him because he was good to them while in office.
“We know you want to excel and that is why they are worrying you. You are a good man, and we were all worried when all these started. Good men will always have problems, but let me assure you that you shouldn’t be worried because we will continue to pray for you.
“The enemies may be rejoicing that they have got you, but the law says until you are proven guilty, you are not guilty, and we know your hands are clean.
“We have come here to show solidarity with you and to tell you that we care about you because you are a nice man, and your relationship with traditional rulers has been cordial, and it will continue to be cordial.
“Not all of us may be here but we decided to send a delegation to tell you that we are behind you,” he said.
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AFCONQ 2025: Nigeria’s Super Eagles fail to beat Benin Republic in Abidjan
Nigeria’s Super Eagles on Thursday failed to beat Benin Republic in their 2025 Africa Cup of Nations, AFCON, qualifier as two West African neighbours settled for a 1-1 draw in Abidjan
With the results, Nigeria officially qualified for the TotalEnergies CAF AFCON, securing a top-two finish in Group D,
Benin opened the scoring in the 16th minute when Mohamed Tijani capitalized on a corner delivery from Junior Olaïtan, heading the ball into the center of the net.
The Super Eagles found themselves trailing despite creating opportunities, with Victor Osimhen and Moses Simon both testing Benin’s defence.
In the second half, Nigeria intensified their attack and were rewarded in the 81st minute when Osimhen met Simon’s cross with a precise header to level the score.
Benin fought hard to reclaim the lead, but Nigeria’s defence held firm, preserving the draw.
Nigeria’s qualification for TotalEnergies CAF AFCON marks a relief for fans and sets the stage for their preparations for the tournament. Benin, meanwhile, remains in contention but will need positive results in their final game to have any chance of progressing.
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Wike suspends FCDA secretary indefinitely
The Minister of the Federal Capital Territory, Nyesom Wike, has suspended, with immediate effect, the Executive Secretary of the Federal Capital Development Agency, Shehu Hadi Ahmad, indefinitely.
This was made known in a statement by the Senior Special Adviser to the Minister of Public Communication and Social Media, Olalere Olayinka, on Thursday.
Circumstances leading to or surrounding the suspension of the secretary were, however, undisclosed as of the time of filing this report.
According to the statement, the suspended Executive Secretary has been consequently directed to hand over to the Director of Engineering Services in the FCDA.
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UBA to raise N239bn via rights issue
United Bank for Africa Plc has issued 6,839,884,274 ordinary shares of 50 kobo each at N35 per share in a rights issue to raise N239.4bn in a bid to meet the fresh capital requirements of the Central Bank of Nigeria.
The rights issue which opened on Friday (today) allows existing shareholders to purchase one new ordinary share for every five existing ordinary shares held by shareholders as of November 05, 2024.
In late March, the CBN announced an upward review of the minimum capital requirement for banks in the country.
In a letter to the shareholders informing them of the rights issue, the Group Chairman of United Bank for Africa, Tony Elumelu, noted that following the resolution of the Group’s shareholders at the Annual General Meeting held in May 2024, authorising the establishment of the N400bn Equity Shelf Programme, UBA will embark on a Rights Issue, as the first step in its broader capital raising programme.
“UBA’s Rights Issue aims to raise N239.4bn, through the issuance of new ordinary shares to our shareholders. The primary objective of this rights Issue is to further strengthen our capacity to take advantage of growth opportunities and sustain our leadership in the banking industry,” Elumelu said in the letter.
On the use of proceeds, Elumelu noted that, beyond regulatory compliance, the funds will expand the Group’s lending capacity, invest in digital infrastructure, support sustainable business practices, and expand the group’s African operations.
Elumelu also highlighted how UBA is driving economic growth across Africa, saying “Our historic partnership with the Africa Continental Free Trade Area Secretariat, where UBA pledged up to $6bn in financing over the next three years to support eligible SMEs across Africa underscores our commitment to fostering economic development.”
It was revealed that application for the provisional allotment of the Rights to the new ordinary Shares will be made exclusively through the NGX e-offer portal, during the offer period, while existing shareholders may also apply for additional shares above their provisional allotment as described in the Provisional Allotment Letter. Shareholders who are customers of the Bank are also encouraged to access their Rights through UBA’s internet banking and mobile banking channels.
At the end of the third quarter, the gross earnings of UBA appreciated by 83.2 per cent year-on-year to N2.39tn from N1.31tn in the same period of 2023. Its profit before tax went up by 20.2 per cent to N603.48bn from N502.09bn in Q3 2023, while profit after tax also rose by 16.9 per cent to N525.31bn from N449.26bn recorded a year earlier.
The lender’s total assets rose to N31.80tn, representing a 54.0 per cent increase over the N20.65tn recorded at the end of December 2023.
In the 2023/2024 report year, UBA won ‘Bank of the Year’ awards in eight of its subsidiaries – Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, Republic of Congo; Sierra Leone; Tanzania, as well as the Regional Award for Africa and in 2024 has won World Best Frontier Markets Bank and Best SME Bank Africa.
UBA Plc offers banking services to more than 45 million customers, across 1,000 business offices and customer touch points in 20 African countries.
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