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
Dangote Cement Powers Global Sustainability Innovation at A4S 2026
In a compelling demonstration of how business can drive positive environmental change, leading cement manufacturer, Dangote Cement Plc (DCP) has reaffirmed its leadership in sustainable development with its mentorship offer as a Corporate Supporter of the 2026 Accounting for Sustainability International Case Competition (A4SICC), held in Toronto, Canada.
A4SICC, a global platform that empowers students to develop practical solutions for sustainable business growth and the competition brings together top student teams from around the world to tackle real-world sustainability challenges, with winners receiving prizes of up to CA$10,000 and internship opportunities.
As part of the 2026 edition, student teams were required to select companies listed on the World Benchmarking Alliance’s SDG2000 and develop a compelling business case for nature, recognising that while businesses depend on natural capital to create value, they have also contributed significantly to nature and biodiversity loss. Dangote Cement, itself an SDG2000-listed company, participated actively by mentoring REMI Solutions, a student team from Ashesi University, Ghana.
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The DCP sponsored team—comprising Jamiu Olamide Afolayan, Afi Adwoa Asare, Grace Mawuli Uchechi Onwuaha, Edem Korbla Anagbah and Bartels Ataanga Atindana—benefited from expert guidance provided by DCP’s Group Head of Sustainability, Dr. Igazeuma Okoroba.
Under this mentorship, REMI Solutions advanced to the semi-finals of the competition, emerging among the top teams from 132 entries submitted across 31 countries with its project addressing one of Africa’s most pressing sustainability challenges: the environmental, financial and safety risks associated with legacy mine waste, commonly known as tailings.
With global attention increasingly focused on responsible mining and the demand for critical raw materials, the team proposed an innovative circular model that transforms historical mine tailings from environmental liabilities into assets for value creation and ecological restoration.
Tailings storage facilities are costly to monitor and manage, and failures have, in extreme cases, resulted in severe environmental degradation, destroyed livelihoods and loss of lives—costing major mining companies over US$30 billion in damages and reparations worldwide.
To mitigate these risks, REMI Solutions proposed the reprocessing of historical tailings to recover residual minerals, alongside the rehabilitation of degraded heritage land using revenues generated from the reprocessing activities. Beyond mineral recovery, the model creatively repurposes tailings into value‑added products such as eco‑bricks and construction aggregates.
By integrating responsible resource recovery, environmental rehabilitation and commercial viability, the Solution demonstrates how ESG‑aligned investments can simultaneously deliver environmental protection and financial returns.
Reacting to the feat achieved by the REMI Solution Students team, Group Managing Director, Arvind Pathak described the collaboration as underscoring Dangote Cement Plc’s commitment to advancing sustainable development through strategic investments in education, research and youth-led innovation, while supporting global efforts to align business practices with nature‑positive outcomes.
Said he; “At Dangote Cement, our decision to support the Accounting for Sustainability International Case Competition is anchored in our belief that the future of sustainable business lies in the hands of informed, innovative and values‑driven young leaders. As a company whose operations are closely linked to natural capital, we recognise the responsibility to contribute meaningfully to global conversations around sustainability, climate resilience and nature‑positive growth.
“By supporting this platform, we are not only helping students translate academic knowledge into practical solutions, but also reinforcing the importance of embedding environmental, social and governance principles into core business decision‑making.
“This corporate support also reflects our long‑term commitment to education, research and collaborative partnerships as tools for sustainable development. The ideas generated through this competition—such as innovative approaches to responsible mining and circular use of resources—mirror the kind of thinking required to address today’s complex environmental and social challenges.”
Pathak pointed out that his Company is excited to play a mentoring role that bridges industry experience with youthful innovation, saying “we remain committed to nurturing solutions that create shared value for businesses, communities and the environment.”
Photo Caption:
Members of the DCP mentored REMI Solution team from Ashesi University, Ghana; (l-r) Jamiu Olamide Afolayan; Afi Adwoa Asare; Grace Mawuli Uchechi Onwuaha and Edem Korbla Anagbah
NEWS
“We Are Raising Fraudsters” — Obi Reacts to EFCC’s Explosive Student Cybercrime Report
Former presidential candidate of the Labour Party, Peter Obi, has reacted strongly to a recent report by the Economic and Financial Crimes Commission (EFCC) alleging that a significant number of Nigerian university students are involved in internet fraud.
The EFCC had reportedly warned that cybercrime is becoming increasingly common among undergraduates, a development it described as a growing national concern requiring urgent attention from authorities, parents, and educational institutions.
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Reacting to the claim, Obi described the situation as deeply troubling, warning that Nigeria may be “raising a generation of fraudsters” if the trend is not urgently addressed.
According to him, if even a large fraction of the allegation is true, it signals not just a crime problem but a broader collapse of values and moral discipline in the country.
He stressed that young people do not operate in isolation, arguing that society, leadership, and institutions all play a role in shaping behaviour. Obi noted that when dishonesty appears to thrive without consequences, it sends the wrong message to the youth.
The former Anambra State governor also called for urgent reforms in governance, education, and value reorientation, insisting that integrity must be restored at all levels of society.
He added that the focus should not only be on condemning young people but on addressing the systems that influence their choices and actions.
Obi further urged leaders to set better examples, warning that a society cannot expect honesty from its youth if accountability is weak at the top.
The EFCC has continued to express concern over rising cybercrime cases in tertiary institutions, describing the trend as a threat to national development and security.
NEWS
Police Rescue Five Abducted Students in Ogun After Gun Battle
Operatives of the Nigeria Police Force have successfully rescued five students of Gateway Polytechnic, Saapade, following their abduction by gunmen in Ogun State.
The students were reportedly kidnapped late Monday night in the Sapade area of Remo North Local Government Area, triggering a swift response from security operatives after a distress call was received around 10:55 p.m. at the Ipara Police Division.
Upon arrival at the scene, officers discovered an ash-coloured Toyota vehicle riddled with bullet holes and stained with blood. Several mobile phones and personal belongings were also recovered from the abandoned car.
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Confirming the incident, the Police Public Relations Officer in the state, Oluseyi Babaseyi, said an identity card found at the scene linked the victims to Gateway Polytechnic, prompting an immediate escalation and a full-scale rescue operation.
The Commissioner of Police, Bode Ojajuni, subsequently ordered the deployment of tactical units in what he described as an intelligence-driven mission to secure the students’ release.
Security teams drawn from the Isara Area Command, Ipara Division, SWAT, Anti-Kidnapping Unit, Violent Crime Response Unit, Quick Response Squad, and Operation MESA were mobilised for coordinated bush-combing and tracking operations across suspected escape routes.
The sustained pressure paid off on April 28, when the students were rescued unhurt from their captors.
According to the police, the kidnappers engaged operatives in a gun duel during the rescue effort but were overpowered by superior firepower, forcing them to flee with suspected gunshot wounds. No casualties were recorded among security personnel.
“The victims were immediately evacuated, debriefed, and taken for medical attention due to the conditions they endured while in captivity,” Babaseyi added.
Commending the operatives, Ojajuni praised their gallantry and professionalism, noting that their swift coordination was instrumental to the success of the mission.
He assured residents that efforts are ongoing to apprehend the fleeing suspects, with intensified bush-combing operations already underway.
The police also urged members of the public to remain vigilant and report suspicious movements, emphasizing that community cooperation remains critical in the fight against crime.






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