NEWS
SIAT Splashes $100m FDI into Presco
Edo State Governor, Senator Monday Okpebholo, has assured Presco of the State Government’s strong support, emphasizing that the Heartbeat State remains a prime destination for agricultural investment.
Gov Okpebholo gave the assurance on Monday when he received the management team of Presco, led by the Chairman, Rasheed Sarumi, and the Managing Director, Raji George, on a courtesy visit to Government House, Benin City.
The visit coincided with the announcement of a $100 million Foreign Direct Investment (FDI) by SIAT and its parent company into Presco’s operations; an investment the chairman described as historic and the first of its kind in Nigeria’s agricultural sector.
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Welcoming the delegation, Gov Okpebholo noted that Presco has been a long-standing partner in Edo State’s agricultural development and dismissed recent controversies surrounding portions of land for revocation.
“Presco to me has been here for a very long time. Just a few days ago, there was a misunderstanding which I believe someone tried to politicise. There was nothing in it. There were reasons tied to natural resources why certain areas were reviewed,” he said.
The Governor noted that whenever there are issues, his administration prefers dialogue rather than speculation or misinformation.
“If I have anything against you, I will call you. Last time I received complaints from communities on compensation, I called your MD immediately because I believe in addressing issues directly,” he added.
Reaffirming his commitment to agricultural expansion, Gov Okpebholo disclosed that upon assuming office, he increased the agriculture allocation in the inherited budget from ₦5 billion to ₦70 billion, signalling his administration’s determination to drive food security and agro-industrial growth.
“Agricultural revolution is the best way to go, and it aligns perfectly with President Tinubu’s Renewed Hope Agenda. For food security, we must grow what we eat and export what we grow. Edo has fertile land, and your investment here is not a waste,” he added.
The Governor condemned narratives portraying Edo as hostile to investors, describing such claims as misleading and “satanic.”
“I am an investor myself. I cannot be the one sending investors away. That impression is completely wrong. You are here by the grace of God, and you will prosper here,” Governor Okpebholo assured.
Earlier, Presco Chairman praised the Governor for providing a stable governance structure, improved security, and an enabling environment that encouraged SIAT’s $100 million investment decision.
He noted that Nigeria received only $250 million in FDI this year, making Presco’s share a significant boost to the national economy.
Other senior government officials present at the meeting included Deputy Governor Rt. Hon. Dennis Idahosa; Secretary to the State Government, Umar Musa Ikhilo, Esq.; Chief of Staff, Gani Audu; Commissioner for Agriculture and Food Security, Dr. Jerry Uwangue; among others.
The chairman expressed confidence that the new investment will strengthen Presco’s expansion plans and reinforce Edo State’s position as the centre of Nigeria’s agro-industrial revolution.
NEWS
2027: ‘Even If Insecurity Worsens, Power Will Not Change Hands’ – Okpebholo Declares
Governor Monday Okpebholo of Edo State has insisted that political power in Nigeria will remain unchanged even if insecurity in the country worsens, declaring that the ruling party remains firmly in control ahead of future elections.
Okpebholo made the statement on Tuesday during the flag-off of the All Progressives Congress (APC) campaign for the upcoming local government council elections in Edo South Senatorial District.
The governor said the recent rise in insecurity across parts of the country is being politicised, alleging that some actors are deliberately worsening the situation to discredit President Bola Tinubu’s administration.
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He maintained that such efforts would not succeed in altering the political direction of the country.
“Even if insecurity worsens, power will not change hands. They can even kidnap all of us—there is no vacancy in Aso Rock,” Okpebholo declared.
He further argued that those behind the alleged political manipulation of insecurity have no viable alternative agenda, stressing that violence would only harm ordinary citizens rather than achieve political gain.
The governor also defended the performance of the federal government, noting that key policy decisions, including the removal of fuel subsidy, were beginning to translate into visible development projects across states.
He commended candidates of the All Progressives Congress who emerged from the party primaries for the forthcoming council polls, urging them to take the party’s message of development to grassroots communities.
Okpebholo expressed confidence that the party’s performance at the local government elections would strengthen its position ahead of the 2027 general elections.
The event also featured the official unveiling of APC candidates for various positions in Edo South Senatorial District.
NEWS
Senate Queries SEDC Over N153m Abuja Office Rent, Demands Full Spending Breakdown
The Senate has raised concerns over the financial operations of the South East Development Commission (SEDC), questioning alleged expenditures including N153 million reportedly spent on renting a single-room liaison office in Abuja.
The matter was raised during an investigative hearing of the Senate Committee on the South East Development Commission, chaired by Senator Orji Uzor Kalu, as lawmakers examined the commission’s 2025 budget implementation and spending records.
The committee disclosed that the SEDC received N16.6 billion in December 2025, with about N13 billion reportedly remaining in its account, suggesting that roughly N3.6 billion had already been expended.
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Lawmakers expressed dissatisfaction with the financial report submitted by the commission, insisting that several figures were unclear and required detailed justification.
A key concern was the alleged N153 million spent on office rent in Abuja, despite the commission’s headquarters being located in Enugu.
Senator Orji Uzor Kalu described the financial submission as unacceptable and demanded proper accountability.
“This committee is disappointed with the financial report presented. It is completely unacceptable,” Kalu said.
Other members of the committee also questioned additional expenditures reflected in the report, including about N2.5 billion described as unclear or insufficiently explained.
Responding to the concerns, the Managing Director and Chief Executive Officer of the SEDC, Mark Okoye, defended the commission’s spending, insisting that all expenditures were carried out prudently and within available resources.
Okoye explained that the commission operates based on actual cash releases rather than full budgeted allocations, noting that this approach helps prevent financial mismanagement.
“For example, having a budget of N140 billion does not automatically mean that N140 billion in cash is available. It would be irresponsible to award contracts worth the entire budget if only N10 billion or N20 billion has actually been released,” he said.
However, the committee was not satisfied with the explanations and directed the commission to submit full documentation of all expenditures, including contract details, payment records, and supporting documents, on or before June 23.
Senator Kalu added that the committee would review the documents before fixing another date for further appearance.
“By the 23rd, we want to have the complete documentation. Once we receive and review the documents, we will determine the date for your next appearance before the committee,” he stated.
The hearing was thereafter adjourned, with lawmakers insisting on full transparency and accountability in the management of public funds allocated to the commission.
NEWS
‘Enough of the Speeches’ – Sharia Council Demands Immediate Action on Insecurity
The Supreme Council for Shariah in Nigeria has called on the Federal Government to move beyond promises and take urgent, decisive action to address the worsening security crisis across the country.
The Council, in a statement issued by its Secretary-General, Nafiu Baba Ahmad, expressed concern over the persistent wave of killings, kidnappings, banditry and terrorism, saying Nigerians continue to live in fear despite repeated assurances from authorities that security challenges are being tackled.
According to the Council, the security situation has reached an alarming stage, with recent incidents in Borno, Oyo, Niger and Zamfara states underscoring the vulnerability of communities already struggling with years of violence and criminal activities.
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The Council also cited the recent abduction of a retired Army General and his wife in Katsina State, describing it as further evidence of the growing reach of kidnappers and armed gangs across the country.
It noted that many attacks occurring in rural and underserved areas often go unreported, suggesting that the true extent of the crisis may be far greater than official figures indicate.
Citing reports from security monitoring and human rights organisations, the Council said thousands of Nigerians have been killed, displaced or abducted in recent months.
It added that reports indicate more than 1,000 people were kidnapped across northern Nigeria during the first quarter of the year.
Expressing frustration over what it described as a lack of meaningful progress, the Council said repeated appeals by traditional rulers, religious leaders, civil society organisations and concerned citizens for stronger security measures have yet to produce significant results.
“Nigerians are tired of speeches, promises, condolences, committees and official rhetoric that are not matched by concrete action and measurable outcomes. What the nation requires now is decisive intervention and visible results,” the statement read.
The Council reminded the Federal Government that the protection of lives and property remains one of its core constitutional responsibilities, stressing that no administration can be considered successful while citizens continue to face threats from criminal elements.
While acknowledging the sacrifices and commitment of military personnel and other security operatives, the Council said its criticism was directed at broader leadership and strategic shortcomings in the fight against insecurity.
It also called for greater transparency and accountability in the management of public funds allocated to the security sector, insisting that citizens deserve to know how resources earmarked for defence and intelligence operations are being utilised.
The Council further urged the government to embrace innovative and proactive measures, including improved intelligence gathering, deployment of modern technology, stronger collaboration among security agencies, enhanced community participation and tighter border security.
Warning against complacency, the Council said Nigerians are expecting competent leadership, concrete action and measurable progress in restoring peace and security across the country.






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