NEWS AGENCY OF NIGERIA
Seplat Energy declares 4.6 U.S. cents interim dividend, records N35.4bn profit   

Seplat Energy declares 4.6 U.S. cents interim dividend, records N35.4bn profit  

317 total views today

 

 

 

 

 

 

 

 

 

By Taiye Olayemi

 

 

 

Seplat Energy, an independent energy company dual-listed on the Nigerian Exchange Ltd. and the London Stock Exchange, has announced an interim dividend of 4.6 U.S. cents per ordinary share, subject to applicable withholding tax.

 

 

 

The company disclosed this through a corporate disclosure through the Nigerian Exchange Ltd. on Monday.

 

 

 

The dividend is to be paid to Seplat Energy’s shareholders whose names appear in the register of members as at the close of business on May 23.

 

 

 

“The disclosure reads “An Interim dividend of US 4.6 cents per ordinary share of N0.50k each, subject to appropriate withholding tax will be paid to shareholders whose names appear in the register of members as at the close of business on May 23, 2025.

 

 

 

“The interim dividend will be paid on or around June 6, 2025, electronically to shareholders whose names appear on the Register of Members as of May 23, 2025.

 

 

 

“It will be paid to those who have completed the e-dividend registration and mandated the Registrar to pay their interim dividend directly into their bank accounts.”

 

 

 

Roger Brown, Chief Executive Officer of Seplat Energy, said the year 2025 started positively for Seplat as the company delivered the business at a significantly enhanced scale.

 

 

 

He said, “I am pleased to report that we are making good progress. It is clear that we can benefit greatly from the combined expertise of our onshore and offshore workforce.

 

 

 

“Production has been strong, showing the benefit of the continuous drilling programme, investment in asset, integrity and the availability of multiple evacuation routes.

 

“Financial performance was also strong, allowing us to be pro-active in materially reducing gross debt, maintaining low balance sheet leverage, and further strengthening our company as the near term global economic outlook becomes less predictable.

 

 

 

“We remain conservative in our approach, but our confidence in the future trajectory for our business, combined with our strong financial position, means that we are delighted to increase our quarterly dividend to $4.6c/share, 28 per cent increase in our quarterly dividend versus the fourth quarter of 2024.”

 

 

 

Seplat Energy recorded N35.4 billion profit for the first quarter of 2025 as against N2.9 billion reported within the same period under review in 2024.

 

 

 

The company’s revenue soared to N1.227 trillion from N268.6 billion in first quarter of 2024.

 

 

 

The EBITDA also rose from N184.2 billion in 2024 first quarter to N607.6 billion in 2025. (NAN) (www.nannews.ng)

 

 

Edited by Olawunmi Ashafa

SEC advocates collaboration among African markets

SEC advocates collaboration among African markets

202 total views today

 

 

 

 

 

 

 

 

By Taiye Olayemi

 

 

 

Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has called for enhanced collaboration among African markets for a stronger interconnection within the continent as well as development of new products.

 

 

 

In a statement on Monday in Lagos, Agama,was said to have made the call during a visit of the Board of the SEC to the Autorite Marocaine Du Marche Des Capitaux , AMMC (Moroccan Capital Market Authority) in Rabat.

 

 

 

“We need to cooperate in Africa, invest in each other’s market and grow our continent. We want to build collaboration so that as Africans we can have a focus and build a strong interconnection. The time is now for us to look inwards.

 

 

 

“We are aware of your strength in Collective Investment Schemes and we know we can learn a lot from you. The population of Nigeria is huge and we need people to understand the huge benefits in CIS and how they can key into it.

 

 

 

“We appreciate the strength of the Moroccan economy and structure and we want to see what role the capital market has played in all of this,” he said.

 

 

 

Agama noted that the capital market is the nerve centre of the economy, adding that the citizens need to understand how to use it to create wealth to improve their quality of life.

 

 

 

He said, “The capital market is an enabler to the development of the economy and we believe there is so much to learn from Morocco to help strengthen our own market.

 

 

 

“We are excited about what the future holds for us and how we can forge a common front.

 

 

 

“We are happy about the progress of CIS in Morocco and we want to learn from you and also tell you about or experience because there is a lot to gain.

 

 

 

“Our relationship and Integration will go a long way in building both markets and make life better for our citizens. We encourage government to use long-term capital for long-term projects.

 

 

 

 

 

“The capital market is the solution to raising funds for long term infrastructure development.

 

 

 

“We see the capital market as a solution provider to move the economy forward. We want to make Africa better and a destination of choice. We want to jointly work with other regulators to achieve it.”

 

 

 

In her remarks, Chairperson of Moroccan Capital Market Authority, Ms Nezha Hayat, expressed her delight at the relationship between the two regulators.

 

 

 

Hayat said that the capital market had evolved and people would rather invest in the capital market.

 

 

 

She noted, “Capital market has now diversified so much, but for us everything goes through mutual funds.

 

 

 

“We think CIS is very important because people put their money in funds that are regulated and are controlled. People have more access through CIS. It is key to encourage the truth of any market.

 

 

 

“I believe in an integrated market so cooperation is better. We are interested in dual listing; we will soon be authorising funds in foreign currency which means the mutual funds can also be invested in foreign countries.

 

 

 

“We have a special focus on Nigeria, which will be one of the markets where this will happen. We need to deploy initiatives that will focus on developing our continent.”

 

 

 

Also speaking, Chairman of the SEC Nigeria Board, Mr Mairiga Katuka, said the commision was interested in learning from other jurisdictions to make the capital market in Nigeria work better. (NAN) (www.nannews.ng)

 

Edited by Olawunmi Ashafa

FCCPC launches forum in Sango-Ota to address IBEDC consumer grievances

FCCPC launches forum in Sango-Ota to address IBEDC consumer grievances

285 total views today

 

 

 

 

By Ige Adekunle

 

The Federal Competition and Consumer Protection Commission (FCCPC) has launched an intervention in Sango-Ota, Ogun,  convening a three-day electricity consumer forum to address the grievances of residents against the Ibadan Electricity Distribution Company (IBEDC).

 

The forum is in response to complaints which include allegations of negligence and a situation where communities were reportedly funding their own electricity infrastructure while still facing exorbitant bills.

 

Its Executive Vice Chairman, Mr Tunji Bello, during the forum on Monday, reiterated the FCCPC’s commitment to providing effective consumer protection.

 

The News Agency of Nigeria (NAN) reports that the three-day forum was organised by the FCCPC in collaboration with the Sango/Ita Community Development Committee (SACDC).

 

Bello, represented by Mrs Bridget Etim, a director from the FCCPC, said, “The Ibadan Electricity Distribution Company (IBEDC) will be present to address complaints directly.

 

“This initiative aligns with our mandate to make consumer protection practical, accessible, and effective.”

 

He urged residents to utilise the forum to report service-related grievances through the appropriate channels for timely resolution.

 

Bello said the forum was designed to close the communication gap between consumers and service providers in the electricity sector.

 

“Electricity is not just a commodity; it is a vital service that powers livelihoods, businesses, and economic progress,” he said.

 

The FCCPC’s Chief Executive Officer acknowledged ongoing challenges in the sector, which include poor metering, inaccurate billing, and infrastructure deficits.

 

“The Ibadan Electricity Distribution Company (IBEDC) will be present to address complaints directly. This initiative aligns with our mandate to make consumer protection practical, accessible, and effective,” he added.

 

Bello reaffirmed the FCCPC’s commitment to educating consumers on their rights and facilitating complaint resolution, while promoting fair practices among service providers.

Meanwhile, Mr Francis Agoha, Chief Executive Officer of IBEDC, described the forum as timely, noting that it would help resolve long-standing disputes between the company and consumers.

 

Agoha, represented by Mr Abdulrasaq Jimoh, Regional Manager, Abeokuta Region, emphasised that many consumers fail to follow proper procedures when they invest in electricity infrastructure such as transformers and meters.

 

According to him, while communities are encouraged to invest, there are regulatory guidelines that must be followed to ensure their investments are recoverable.

 

“When consumers or communities purchase transformers or pay for meters, there is a legal process that requires documentation and regulatory approval.

 

“Immediate refunds are not made in cash but are compensated through energy credits over time,” Agoha stated.

 

He noted that some communities erect transformers without consulting the necessary regulatory authorities, which not only breaches regulations but also exposes residents to serious safety risks.

 

“Installing a transformer requires licensed electrical contractors and regulatory oversight from bodies like NEMSA.

 

“Communities must inform both the regulators and the Disco before any installations,” he warned.

 

Addressing concerns that some communities feel compelled to self-fund electricity projects because of perceived delays or financial constraints on the part of IBEDC, Agoha clarified: “We do not officially instruct consumers to buy transformers or meters.

 

“However, where they choose to invest, they must engage the right procedures to ensure safety and proper reimbursement.”

 

He further explained that energy theft remains a major challenge for distribution companies, affecting their ability to recover costs and provide reliable services.

 

“Only about 40 to 60 per cent of distributed energy is recovered financially due to rampant electricity theft.

 

“Unfortunately, many consumers believe they should not pay for electricity even after using it,” he lamented.

 

On billing disputes, Agoha encouraged residents to escalate complaints properly.

 

“If consumers are billed unfairly or receive poor service, they should report to the FCCPC or NERC. Valid complaints backed with evidence lead to refunds in the form of energy credits,” he assured.

 

He cited the recent downgrade of the Sango Feeder from Band A to Band C due to unstable power supply, adding that affected consumers who had prepaid for higher service bands would be compensated accordingly.

 

Also, Mr Olatunji Onaolapo, Zonal Chairman of the Ado-Odo/Ota Community Development Committee, said the forum offered a platform to escalate persistent complaints about IBEDC’s services.

 

He lamented that in spite of multiple meetings with the company’s management, issues remained unresolved.

 

“We turned to the FCCPC after exhausting all efforts with IBEDC.

 

“Communities are forced to purchase their own wires, transformers, and poles, yet are burdened with exorbitant bills,” Onaolapo said.

 

He urged IBEDC to provide prepaid meters and eliminate estimated billing, stressing that fairer practices would restore consumer confidence. (NAN) (www.nannews.ng)

 

Edited by Olawunmi Ashafa

Association chairman hails 3 referees for ITF white badge tennis certifications

Association chairman hails 3 referees for ITF white badge tennis certifications

250 total views today

By Victor Okoye

Efe Okwagbe, Chairman of the Nigeria Tennis Umpires Association (NTUA), has commended three Nigerian referees for successfully bagging the International Tennis Federation (ITF) certification as White Badge Tennis Referees.

The News Agency of Nigeria (NAN) reports that the trio of Joseph Edili, Bitrus Danjuma, and Folashade Ogunshola achieved the feat on Sunday in Abidjan, Cote d’Ivoire.

This was after a rigorous and highly competitive selection process by the ITF selection panel and their outstanding performance at the officiating school held from April 23 to April 27.

Okwagbe commended the officials for doing Nigeria Tennis Federation as well as the Association proud with their impressive outing at the school.

“This laudable achievement is a true testament of hard work, dedication, and commitment to officiating duties, especially in the area of the interpretation of tennis rules by the three officials.

“Now, with their ITF certification, the referees are qualified to officiate at international tennis tournaments and represent the country anywhere in the world.

“This cheering news is also coming at a time when the country is without any ITF certified tennis referee.

“This was after the demise of the late Arinola Banire and Henry Ubochi, whom before their deaths were the only ITF certified tennis referees in Nigeria,” he said.

He said that his leadership and the NTUA’s initiatives have contributed significantly to promoting a high standard tennis officiating in Nigeria.

The NTUA boss added that the association, under his watch, would continue to work towards developing skilled and certified umpires who can excel globally.(NAN)(www.nannews.ng)

Edited by Joseph Edeh

Nigeria’s 1st quarter non-oil export values at .791bn -D-G NEPC

Nigeria’s 1st quarter non-oil export values at $1.791bn -D-G NEPC

277 total views today

By Vivian Emoni

The Nigeria Export Promotion Council (NEPC) says the country’s non-oil products exported in the first quarter of 2025 were valued at 1.791 billion dollars.

Dr Nonye Ayeni, Director-General of the NEPC said this on Monday in Abuja while presenting a First Quarter Progress Report on the Non-Oil Export Performance for the year 2025.

Ayeni said that the figure showed a 24.75 per cent increase above the 1.436 billion dollars reported in the first quarter of 2024.

She said that the volume also increased to 2.416 million metric tonnes which was an increase of 243.44 per cent from 1.937 million metric tons recorded in the first quarter of 2024.

“In the first quarter of 2025, a total of 197 distinct products were exported.

“This figure reflects an increase when compared to the 162 products recorded in the first quarter of 2024.

“These products range from manufactured and semi-processed goods to industrial extracts and agricultural commodities,” she said.

Ayeni recalled that in January, the NEPC reported the highest value of non-oil export since 49 years of its establishment.

According to her, this is with a year-on-year increase of 20.77 per cent from 4.517 billion dollars in 2023 to 5.456 billion dollars in 2024.

She said that out of the top 20 leading export companies, Indorama Eleme Fertiliser and Chemical Ltd and Starlink Global and Ideal Ltd, maintained their position as first and second.

She said that the two companies recorded 12.07 per cent and 10.00 per cent respectively.

According to her, this is attributed to their notable export values of fertiliser and cocoa products.

The director-general said that of the top-20 products exported in the first quarter of 2025, cocoa and its derivatives including cocoa butter, cocoa liquor, cocoa cake came first.

Ayeni said that Urea, Cashew Nut, Sesame Seed, Gold Dore, Cocoa Butter, Aluminium Ingots, Copper Ingot, Soya Beans/Meal, Rubber were the top of the list.

According to her, this is based on information by Pre-shipment Inspection Agents (PIAs).

She said that the top commodity in terms of total non-oil export, accounting for 45.02 per cent was cocoa beans.

She said that urea/fertiliser held second position at 19.32 per cent while cashew nuts came third with 5.81 per cent of the total exported products.

“The council is working with the Ministry of Industry, Trade and Investment and other stakeholders toward increasing the volume and value of non-oil exports.

The efforts are aligned with President Bola Tinubu’s Renewed Hope Agenda,” she said.

She also said that 10 member countries of ECOWAS actively engaged in importing Nigerian products throughout the First Quarter of 2025.

“These exports, amounting to 63.060 million dollars, constituted 3.52 per cent of the total export value.

“This is also a significant increase of 223.10 per cent when compared to the recorded figure of 19.517 million dollars for the first quarter of the year 2024.

“Nigeria also exported to other African countries in the first quarter of 2025.

“The value of these exports, totalling 32.732 million dollars, represented 1.83 per cent of the total export value,” Ayeni said.

She said that the non-oil exports were increasing, adding that all stakeholders are taking advantage of the potentials and opportunities inherent in the sector. (NAN)(www.nannews.ng)

Edited by Kadiri Abdulrahman

CBN announces revised PAPSS transactions documentation requirements

CBN announces revised PAPSS transactions documentation requirements

308 total views today

By Kadiri Abdulrahman

The Central Bank of Nigeria (CBN) has announced significant review of the
documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria.

Hakama Sidi-Ali, CBN’s Acting Director, Corporate Communications Department, said the initiative was part of CBN’s ongoing commitment to foster seamless intra-African trade and financial inclusion.

Sidi-Ali said that it would also boost operational efficiency for Nigerians engaging in cross-border payments within Africa.

She said that the initiative was inaugurated by Afreximbank in partnership with the African Union and the African Continental Free Trade Area (AfCFTA) Secretariat in January 2022.

“PAPSS serves as a centralised payment and settlement platform that enables instant, secure, and efficient cross-border transactions throughout Africa.

“By facilitating payments in local currencies, PAPSS minimises reliance on third-party currencies, reduces transaction costs, and supports the rapid expansion of trade under the AfCFTA,” she said.

She said that applicants were responsible for ensuring that all regulatory documents are available to facilitate the clearance of goods, as required by relevant government agencies.

“Authorised Dealer Banks may now source foreign exchange for PAPSS settlements through the Nigerian Foreign Exchange Market (without recourse to the CBN).

“All export proceeds repatriated via PAPSS shall be certified by the
relevant processing banks.

“The CBN urges all banks to adopt PAPSS and commence originating
transactions in line with this new policy.

“In addition, CBN encourages exporters, importers and individuals to familiarise themselves with the new requirements and leverage PAPSS for cross-border transactions within Africa,” she said.

The News Agency of Nigeria (NAN) recalls that in a circular issued on April 28, the CBN outlined the key changes to the documentation requirements associated with PAPSS transactions.

The circular effected changes like simplified documentation for Low-Value Transactions.

It said that customers may now use basic KYC and AML documents provided to their Authorised Dealer Banks (ADBs) for low-value transactions (2,000 dollars and USD 5,000 dollars) equivalent in Naira for individuals and corporate respectively).

According to the circular, transactions above the thresholds, and all documentation as stipulated in the CBN Foreign Exchange Manual and related circulars remain mandatory. (NAN)(www.nannews.ng)

Edited by Modupe Adeloye/Sadiya Hamza

Enhancing exports: NEPC distributes 4,633 hybrid seedlings to farmers

Enhancing exports: NEPC distributes 4,633 hybrid seedlings to farmers

303 total views today

By Vivian Emoni

The Nigeria Export Promotion Council (NEPC) says the council distributed 4,633 hybrid seedlings to farmers across the country.

Dr Nonye Ayeni, Director-General of the NEPC disclosed this while presenting the First Quarter Progress Report on the Non-oil export performance for 2025.

Ayeni said that in Kogi State, farmers benefited from oil palm seedlings as a start-up seed intervention to boost exports.

“In Akure, over 2,000 cocoa seedlings were distributed to farmers for the planting season.

“In Gusau, Zamfara State, groundnut seedlings were distributed to eight communities for cluster farming in the state.

“Also, in Bayelsa State, the council distributed 1,500 hybrid cocoa seedlings,’’ she said.

Ayeni further said that 1,100 coffee seedlings and 100 bags of organic fertiliser were distributed to 148 coffee farmers from Chaha and Vom Communities in Plateau State.

The director-general said that NEPC was committed to ensuring conformity to quality and standards to curb rejects and reduce contract cancellation.

According to her, on this note, the council, working with International Trade Center (ITC) Geneva, has validated the baseline study for sesame and cowpea value chains.

Ayeni said the council was selected as one of four Business Support Organisations in the world and only one in Africa, to implement phase one of the Women Exporters in Digital Economy (WEIDE) Fund.

“This 50-million dollars fund, launched in February 2024 by Dr Ngozi Okonjo-Iweala, will support Women-led Businesses to participate actively in global digital trade.

“Applications have begun in earnest and we encourage every women-led business to apply,” she said.

The D-G said that to facilitate the ease of doing business and seamless documentation processes, the council registered a total of 1,129 new exporters.

She also noted that 16 exit points were used in the period under review to export non-oil products from Nigeria.

She added that approximately 95 per cent of the total non-oil exports were routed through seaports.

According to her, in total, six seaports, three international airports and seven land borders served as exit points for Nigeria’s non-oil exports.

Ayeni said that the council would continue to strengthen its relationship with developmental partners and trade organisations.

 “The council will continue its existing projects as well as new initiatives, all geared toward increasing the volume and value of non-oil export.

“The NEPC will remain to be committed in curbing rejects, promoting value addition, enhancing market access and strengthening partnerships.

“At NEPC, we remain resolute and committed to driving up the volume and value of non-oil exports for sustainable and inclusive economic growth,” she said. (NAN) (www.nannews.ng)

Tinubu pays tribute to Adenuga at 72

Tinubu pays tribute to Adenuga at 72

294 total views today

By Salif Atojoko

President Bola Tinubu on Monday wrote a personal tribute to Dr Mike Adenuga, Chairman of Globacom and Conoil, who marks his 72nd birthday on April 29.

The President said Adenuga’s life, from humble beginnings, was a testament to the power of vision and the outcome of resilience, adding that his humility and diligence enabled him to succeed in banking, telecommunications, oil and gas.

“The man Nigerians affectionately call ‘The Guru’ has, through determination and hard work, built businesses that have created thousands of jobs for our people.

“Nigerians will always appreciate Globacom’s ingenuity in disrupting the billing template in the telecommunications sector. By pioneering per-second billing, Glo expanded telephony and digital access to millions of Nigerians,” Tinubu stated.

He added that Conoil had proven that an indigenous firm could compete with international oil companies, fostering energy independence and security for the country.

Continuing, Tinubu said beyond his business achievements, Adenuga’s philanthropy, through the Mike Adenuga Foundation, had touched many lives – supporting tertiary education, healthcare, and cultural advancement across the nation.

“Dr Adenuga, Nigeria is grateful for your immense contributions to our country’s progress and prosperity.

“I commend you for extending your investments to other African countries and Europe, a bold effort which earned you well-deserved honours as Commander of the Legion of Honour (France) and Ghana’s Companion of the Star of Ghana.

“On behalf of the people of Nigeria, I pray that God Almighty will continue to bless you with good health, wisdom, and renewed vision as you inspire others in service to our nation,” the President said. (NAN)(www.nannews.ng)

Edited by Chinyere Joel-Nwokeoma

Conclave begins election of next Pope May 7 – Vatican

Conclave begins election of next Pope May 7 – Vatican

287 total views today

By Uchenna Eletuo

The Conclave in the Vatican says it will begin the process of electing late Pope Francis’s successor by May 7.

The Vatican’s spokesman, Mr Matteo Bruni, said that the date was chosen during a closed-door meeting of the College of Cardinals and announced at a media briefing at the Vatican.

The News Agency of Nigeria (NAN) reports that the death of Pope Francis has set the stage for an election of a new pope to oversee the running of the Catholic Church.

The Vatican said that the cardinals who would gather to elect the next pope must decide whether to continue the late pontiff’s vision of reforming the church to make it more open to the modern world or to initiate a course correction.

He noted that while there were a number of potential front-runners, there was no clear favourite and the race was generally considered to be wide open.

“The unpredictability of this conclave, as the gathering to elect the pope is known, adds a level of intrigue and suspense to the centuries-old process of picking the successor to St. Peter, the first Pope.

“The cardinals are gathering in general congregations, as the meetings are known, to make preparations for the election of a new pontiff.

“The meetings are crucial in determining the next pope because they involve frank discussions about the current and future needs of the Catholic Church.

“The process to select a new pope has already begun. Cardinals are meeting almost daily in pre-conclave gatherings.

The cardinals met earlier today (April 28) for the first time since the funeral and burial of Pope Francis on April 26.

“More than 180 cardinals attended the morning meeting, said Holy See Press spokesman.

“The general congregation meetings are open to all cardinals, but not all are eligible to vote or be voted for, for a new pope.

“To participate in the conclave, a cardinal must be under the age of 80. There are 135 eligible cardinal electors, 80 per cent of whom were elevated by Pope Francis.

“Although the dean of the College of Cardinals, Cardinal Giovanni Battista Re, has advised cardinals against speaking to the press, several cardinals have not been shy in expressing their wishes on a future pope,” he said. (NAN)(www.nannews.ng)

Edited by Maureen Atuonwu

Oborevwori, Delta PDP move to APC, a political tsunami – Tinubu

Oborevwori, Delta PDP move to APC, a political tsunami – Tinubu

319 total views today
By Ifeanyi Olannye
President Bola Tinubu has described the mass movement of Gov. Sheriff Oborevwori and the entire Delta Chapter of the Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC) as a political tsunami.
The president made the observation in Asaba, Delta capital at a formal ceremony organised to receive Gov. Sheriff Oborevwori and other PDP stalwarts to the APC on Monday.
Represented by Vice-President Kassim Shettima, the president said that no testimony could be greater than such a political movement from one political party to another in the history of Nigeria than what happened in Delta.
According to Tinubu, the movement is a political tsunami of unimaginable proportion that has ever happened in the south south subregion and in the history of Nigeria.
“A tsunami of this proportion has never happened before, for all the members of the National Assembly, the Speaker and members of the State House of Assembly, the governor, his cabinet, 25 local government council chairmen, 500 councillors are now members of the APC,” he said.
He said that there was no other testimony than what had happened which has vindicated the APC from those armchair critics of the party.
Tinubu said that today was a historic day to celebrate the enduring promises of the APC and a tribute to the courage and the foresight of those that have taken a stand with the APC to build a better country for all.
He paid a special tribute to the immediate past Gov. Ifeanyi Okowa for the relationship that existed between him and Gov. Sheriff Oborevwori, while describing Okowa as a great leader.
According to him, the party accepts that differences are inevitable and that greatness lies in managing their differences.
“Our tables have always been tables of dialogue this is why every member, no matter how great or small, is welcome to air their grievances.
“Your Excellencies, Gov. Sheriff Oborevwori and former Gov. Ifeanyi Okowa and other great men and women, we welcome you to the APC today.
“You are not just in this house, you are now co-owners, according to the APC constitution, the governor of the state is the leader of the party.
“The APC is not only stronger today, it is better because you have come with new ways of thinking, new mirror though which we can reflect on our journey.
“We welcome you not as defectors, but as brothers and sisters who have their right path. We welcome you as a family and fellow architects of a better Nigeria,” Tinubu said.
On his part, APC National Chairman, Dr Abdullahi Ganduje, lauded Gov. Oborevwori and others for their decision to defect to the ruling party.
He described the occasion as historic and thanked President Tinubu for providing a good leadership in the country that had aided other parties to join the APC.
While handing over the APC flag to Gov. Oborevwori, Ganduje assured him of all support by the presidency, all the progressive governors and the party.
Earlier, Gov. Hope Uzodimma of Imo, said that with the movement of Delta PDP to the APC, the governor and the people of Delta have made the right decision to deepen development in the state by aligning with the government at the centre.
He acknowledged that Oborevwori has worked to build infrastructure in the state because he has a progressive mind like the APC governors.
According to Uzodimma, Oborevwori, now the 22nd APC governor, will always get the support of the other 21 governors of the APC in the country.
Speaking, the immediate past Gov. Okowa, said that the decision to move to the APC was collective and the right thing to do.
According to Okowa, the state has outlived its stay in the PDP and it is time to move forward to a better platform which is the APC to benefit from the gains from the government at the centre rather than remain as opposition.
In his acceptance speech, Oborevwori said what happened was not a defection but a movement from the PDP to the APC.
He noted that remaining in opposition has never benefited the state ever since, adding that the movement was a collective decision of all from the national assembly, down to the LGAs and ward levels.
According to Oborevwori, the president has been magnanimous to the state and the only way to reciprocate is to become a family rather than opposition.
The governor pledged to galvanise the party in the state as a leader and to work with all and sundry to success, adding that the movement was a statement that other opposition states would emulate.
The News Agency of Nigeria (NAN) reports that the carnival-like ceremony had in attendance APC National Chairman, Dr Abdullahi Ganduje, National Leaders of the party and 16 APC governors.
Also, Delta Deputy Gov. Monday Onyeme, State APC Chairman, Mr Omeni Sobotie, former Senate Deputy President, Sen. Ovie Omo-Agenge, Sen. Ned Nwoko, Elder Godsday Orubebe, Chief Great Ogboru, and Mr Victor Ochie, former Delta Speaker.
Others are former Reps Ndudi Elumelu, Sen. Uche Ekuwniefe, DG South East Forum, Sir Festus Keyamo, Minister of Aviation, among other dignitaries who graced the event. (NAN)(www.nannews.ng)
Edited by Benson Iziama
X
Welcome to NAN
Need help? Choose an option below and let me be your assistant.
Email SubscriptionSite SearchSend Us Email