Thursday, December 4, 2025
26.7 C
Lagos

Business

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

The Nigerian Institute of Public Relations (NIPR) has once...

LASAA Staff Faces Sanctions for Policy Breach after Viral Allegation, Cleared of Fraud

The Lagos State Signage and Advertisement Agency (LASAA) has...

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

NGX T+2 Settlement Cycle ‘Goes Live’ Event

L – R: Chinwendu Ekeh, Head, Operations & IT,...

FG Reassures Investors, Pledges Balanced Capital Gains Tax Outcomes as NGX Lists MREIF

Nigerian Exchange (NGX) today hosted the Minister of Finance...

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

Insurance

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

L-R: Mr. Mike Eko – (Novus Agro Limited) Mr. Oluwatosin...

Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

Sovereign Trust Insurance Plc notifies its shareholders and the...

Insurers Support Partnership with State Govts to Drive Insurance Penetration in Nigeria

The insurance community in Nigeria is poised to upscale...

Business

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

The Nigerian Institute of Public Relations (NIPR) has once...

LASAA Staff Faces Sanctions for Policy Breach after Viral Allegation, Cleared of Fraud

The Lagos State Signage and Advertisement Agency (LASAA) has...

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

NGX T+2 Settlement Cycle ‘Goes Live’ Event

L – R: Chinwendu Ekeh, Head, Operations & IT,...

FG Reassures Investors, Pledges Balanced Capital Gains Tax Outcomes as NGX Lists MREIF

Nigerian Exchange (NGX) today hosted the Minister of Finance...

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

Insurance

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

L-R: Mr. Mike Eko – (Novus Agro Limited) Mr. Oluwatosin...

Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

Sovereign Trust Insurance Plc notifies its shareholders and the...

Insurers Support Partnership with State Govts to Drive Insurance Penetration in Nigeria

The insurance community in Nigeria is poised to upscale...

Assessing Akwa’s NDDC

By Haniel Ukpaukure

If President Muhammadu Buhari’s promise to put in place a substantive board for the Niger Delta Development Commission (NDDC) after the phased implementation of the recommendations of the forensic audit he ordered into its activities its anything to go by, then Nigerians should expect that the era of interim administration for the interventionist agency would soon come to an end.

While the promise by the president, made at the fifth National Council Meeting on Niger Delta in Uyo, recently, put paid to agitations for the end of interim administration in the agency, it predictably sparked struggle and intrigues among high-ranking members of the ruling All Progressives Congress members from the Niger Delta region over determination of the shape and composition of the board expected to be appointed for the agency.

It is pertinent to mention that Nigerians do not know the contents of the audit report, and its recommendations. It is therefore difficult to know when implementation of the recommendations started, and when it would end, especially since it is being done, as Buhari said, in phases.

It may be safe to assume, however, that since it is a firm promise and commitment from none other than the president, constitution of the long-awaited board would be done before the curtain falls on the life of the administration on May 29, 2023.

But while we await the constitution of a board for NDDC, it is important to look at the performance of the Effiong Akwa-led administration of the agency as sole administrator. The appointment of Akwa in December, 2020, followed the ruling of a Federal High Court in Abuja, which declared the Interim Management Committee of Professor Daniel Pondei as illegal. Before Pondei, Ms Joi Nunieh had held the same position.

Akwa’s mandate, among others, was to facilitate and fast track the forensic audit of NDDC which became necessary due to many years of unbridled corruption by previous administrations, with politicians from the region as the greatest beneficiaries.

His appointment was met with stiff opposition from some quarters, with some saying Buhari had no power under the law that set up NDDC to appoint a sole administrator for it, obviously ignorant of the president’s constitutional power to take any action he deems necessary for any government ministry, department and agency, which he considers to be in public interest. In the midst of the opposition, Akwa had the support of some major stakeholders in the region, including over 50 civil society organisations.

In the 22 months he has been in office, Akwa has tried his best to deliver on his mandate as someone whose job is a stop gap for the period the forensic audit of the agency lasted. He has facilitated and successfully managed a smooth exercise that saw a consortium of audit firms pore over the books of NDDC and visit project sites in nine states over many months – the first of its kind in the agency and, indeed, any government institution in the country. He deserves credit for this. Whether or not Nigerians will ever get to know the contents of the audit report is another matter.

Akwa has collaborated with the National Assembly on the amendment of the NDDC Act, to make reforms of the agency possible, especially the need to plug the loopholes that allowed the high rate of corruption that was witnessed since the establishment of the agency to thrive.

The NDDC, under his watch, has been able to carry out a number of interventions in the different states that comprise the Niger Delta in collaboration with state governors, aimed at providing the basic infrastructure and facilities that enhance quality of life for those for which they are meant – in educational and health institutions, including training of over 1000 youths in ICT, as well as other public facilities. Notable among such interventions was the construction of a 1050-bed hostel in the University of Uyo, Akwa Ibom State.

In one of such interventions, over 250 men, women and youths recently graduated from the Livelihood Improvement Family Enterprise Programme of the Federal Government in Edo State. The programme, which was funded by NDDC, International Fund for Agriculture (IFAD) and the Federal Government, was designed to promote agriculture as an alternative source of foreign exchange, with focus on rice, cassava, fishery and poultry farming. A similar programme is being implemented in other states of the Niger Delta.

In an initiative that was designed to positively engage youths in the region and channel their energy into productive ventures, NDDC organized the first ever Niger Delta Talent Hunt, a musical programme that was aimed at discovering musical talents in the region and building capacity for wealth creation.

The winner of the talent hint, Elvis Lunar, a singer from Rivers State, got the star prize of a car and performance trip to Dubai, while second and third place winners got N2 million and N1 million, respectively.

It mustn’t be forgotten that Akwa supervised the completion of the corporate headquarters of NDDC, a project that had been abandoned for over 20 years. I’m wondering if the money the agency spent on rent over since its establishment can easily be computed.

Akwa’s job has been made easy by the fact that he had been an insider in NDDC before his current appointment, his previous position being that of an acting executive director in charge of finance. He did not need to learn the ropes first, before settling into the job. He will certainly leave is mark when he bows out.

Ukpaukure, a media/publicity consultant and writer, lives in Lagos.

hanielu@yahoo.com

 

 

Hot this week

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Emirates Gets African Travel Gold Award as Nigeria Launches “Culture Meter Index”

Paulos Legesse, Emirates Nigeria Country Manager welcoming welcoming the...

Fidelity Bank Receives Customs Service Award for Pioneering Role in UCMS Implementation

L – R: Head, Central Collections Unit, Olaide Adeyemo;...

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

Topics

What About Cuba as an Insurance Market?

There may be opportunities for some businesses including insurers...

Nigeria: Smartphone Market Grew 2% Units, Declined 6.4% in Shipment

        Nigeria's smartphone market grew 2.0% in unit terms quarter...

NCDMB, BOI Sign Amendment of MoU on $50m NOGaPS Manufacturing Fund

The Nigerian Content Development and Monitoring Board (NCDMB) and the...

The 2nd Nigeria ICT Festival 2016 Postponed

The 2nd Nigeria ICT Festival earlier scheduled for Thursday,...

CIIN Tasks Insurance Professionals on Industry Revolution, Business Landscape

Sir Muftau Oyegunle, President, Chartered Insurance Institute of Nigeria...

Losses in Bellwethers Drag Domestic Bourse into the Red…NSE ASI Down 44bps

After starting the trading day on a positive note...

INEC Meets With Political Office Holders on Tax Compliance

L-R: Executive Chairman, LIRS: Mr Ayodele Subair, Chairman, Code of...

Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

Sovereign Trust Insurance Plc notifies its shareholders and the...
Exit mobile version