NEWS
Isanlu-Fulani Crisis: Gov Ododo Holds Emergency Security Meeting
In a decisive move to prevent potential unrest, Governor Ahmed Usman Ododo has convened an emergency security meeting to address tensions between the indigenes of Isanlu and Fulani settlers.
The meeting followed allegations that a Fulani settler was killed by members of the Isanlu community, sparking fears of reprisal attacks.
The high-level meeting, held at the Government House in Lokoja, brought together representatives from both groups, traditional rulers, and security agencies.
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According to the State Commissioner for Information and Communications, Hon. Kingsley Fanwo, the governor returned from a scheduled trip to Abuja to tackle what he described as “rising security temperatures in Isanlu.”
Fanwo stated, “The Governor had a robust meeting with the people of Isanlu and the Fulanis where he listened to their grievances and addressed them accordingly.
“He frowned at a situation where people would take laws into their hands by killing fellow humans, saying such is unacceptable and that perpetrators will face the full wrath of the law.”
As part of measures to address the crisis, Governor Ododo suspended a traditional ruler linked to the incident and ordered a thorough investigation of other community leaders in the area.
He also urged leaders in Isanlu to identify and expose criminal elements within their ranks to prevent further violence.
“The Governor, without mincing words, also challenged the leadership of the Isanlu community and its environs in Yagba East to sensitize their people on the need to stop constituting security threats in the area by taking the laws into their hands.
“He particularly told them to stop harboring criminals and to ensure that criminal elements among them are reported and handed over to law enforcement agencies,” Fanwo added.
Governor Ododo also commended the Fulani settlers for their restraint and refusal to retaliate. “We commend the Fulanis for showing maturity and understanding during this difficult time. Their commitment to peace and security is appreciated,” he said.
The governor reiterated his administration’s commitment to ensuring the safety of all residents, while maintaining a firm stance against criminality.
“No criminal will be spared. My administration will go after every criminal in the state, regardless of tribe,” he declared.
Hon. Dare Joshua, Chairman of Yagba East Local Government Area, thanked the governor for his swift response, which he said prevented a major security crisis.
The meeting, attended by top government officials, security agencies, and community leaders, concluded with both parties agreeing to embrace peace and collaborate with the government to ensure lasting security in the region.
The much awaited Africa’s largest Initial Public Offering by the Dangote Petroleum Refinery and Petrochemicals (DPRP) has been formally flagged off on the Nigerian Exchange (NGX).
President and Chief Executive Officer, Dangote Industries Limited (DIL), Aliko Dangote, marked the commencement of the offer by ringing the opening bell at the NGX trading floor in Lagos on Monday.
The transaction marks a significant milestone for Nigeria’s capital market, as the DPRP becomes the first refinery in the Nigerian Exchange’s 66-year history to open its shares to public subscription.
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The offer comprises 4.1 billion new ordinary shares priced at N525 per share, allowing investors to acquire an equity stake in Africa’s largest refinery.
Retail and institutional investors, as well as eligible investors across Africa, can participate in the public offer.
Investors can subscribe for a minimum of 10 shares, requiring an investment of N5,250 at the offer price.
The offer opened on Monday, September 14, 2026, and is scheduled to close on October 13, 2026, subject to the terms and conditions contained in the offer prospectus.
At the ceremony, Dangote highlighted that the public offer was part of a broader effort to expand public participation in owning his companies.
“We will lease every company that we operate,” he said.
The launch attracted prominent dignitaries, including Lagos State Governor Babajide Sanwo-Olu, members of the Dangote family and captains of industry.
The Securities and Exchange Commission (SEC) has warned prospective investors against fraudsters, fake platforms and unauthorised individuals seeking to take advantage of the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO).
The Commission issued the warning in a public notice dated Monday, September 14, 2026, following its approval for the IPO by Dangote Petroleum Refinery and Petrochemicals FZE to open to the public.
The SEC urged investors to exercise caution and ensure that all applications and payments relating to the IPO are made only through the officially designated and approved receiving agents, subscription channels and platforms.
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The Commission advised prospective investors to obtain information about the IPO only from the SEC’s official channels, the issuer’s official channels and other official channels established and approved for the offer.
It also urged investors to verify the authenticity of any website, platform or link before providing personal or financial information.
According to the SEC, investors should follow only the officially announced subscription or application process and IPO timetable and should “Avoid transferring funds to any person or entity claiming to receive applications/subscriptions outside the approved channels.”
The Commission further advised investors to verify that their chosen registered Capital Market Operator’s channels or platforms for the offer are duly authorised and approved.
The SEC also warned investors to “Avoid responding to unsolicited calls, WhatsApp messages, social media advertisements, emails or other channels/platforms that offer or guarantee allotments or preferential allocation.”
The regulator urged prospective subscribers to carefully read the approved Prospectus and understand the terms, conditions and risks associated with the investment before making any subscription.
SEC warns against fake IPO agents
The Commission stressed that the existence of an individual, company, digital platform or social media account does not, by itself, constitute approval or authorisation to receive applications or funds from investors in respect of the offer.
The SEC therefore advised prospective investors to contact SEC-registered stockbrokers, banks or registered Investment advisers for guidance before subscribing.
The Commission also urged the public to “VERIFY” the registration status of companies, entities, platforms or individuals offering investment opportunities before entering into any transaction with them.
Investors can verify the registration status of operators through the SEC’s dedicated portal for registered fintech operators or through the Commission’s Capital Market Operators platform.
The warning comes as the Dangote Petroleum Refinery and Petrochemicals IPO officially opens on Monday, September 14, 2026, following the Commission’s approval.
The Commission listed its contact details as +2342094621168-9 and [email protected], while its WhatsApp contact is 0916 772 3240.
The SEC urged investors to remain vigilant and rely only on verified and authorised channels throughout the IPO process.
Investor demand for the Dangote Petroleum Refinery and Petrochemicals initial public offering (IPO) has reached a historic level, with subscription activity surging across digital investment channels.
Data released by the Nigerian Exchange (NGX) on its official X handle on Monday showed that total transaction volume had surpassed 402,634, pushing the total subscription value to ₦1,476,171,994,112, approximately ₦1.476 trillion.
The figures, displayed on the #NGXInvest command centre dashboard, highlight the strong appetite among investors for the landmark offering.
More details shortly.
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