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The many crimes of Emefiele! *How N27trillion ‘Ways and Means’ disappeared *COVID-19, Naira design, conduit pipe for stealing – probe

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Godwin Emefiele former Governor of the Central Bank of Nigeria (CBN), virtually had his hands in a lot of sticky pies at the apex bank during his tenure before it came to an abrupt end on June 9, 2023, when he was booted out by President just about 11 days after assuming office on May 29.

Emefiele, who has been in detention, since he was picked up by men of the Department of State Services (DSS), and has since been transferred to prison, where he has been held for his inability to perfect the bail conditions slammed on him by a Federal High Court, in the case he is currently facing from the Economic and Financial Crimes Commission (EFCC), which took over from the DSS, has also been a subject of a special investigation as initiated by the President himself.

It was this five-month probe, headed by Jim Obazee, Special Investigator on CBN and Related Entities, which Tinubu appointed in July, 2023 that has now opened a can of worms, for which Emefiele, seen as the linchpin, would be facing trial alongside a former Minister and 14 others, all implicated in over N26.6 trillion fraud.

No fewer than 16 former government, found to have collaborated with top CBN officials were alleged to have indulged in fraudulent use of ‘Ways and Means,’ which stood at N26.627 trillion, to siphon funds belonging to Nigeria, with a top aide to former President, Muhammadu Buhari, said to have in September 2022, instructed the ex-CBN boss to proceed with the naira redesign, which threw the country into chaos for the later part of 2022 and early part of 2023.

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Preliminary investigations into the activities of the CBN and related entities revealed many infractions, as released by December 9, including the violation of the apex bank’s Act, alleged looting, diversion of funds, sidelining of the Board of Directors, lack of presidential approval, extra budgetary spending, forgery, concealment, stealing, conspiracy and fraud.

Part of the revelations, indicate that Emefiele invested public money (billions of dollars) in 593 accounts in the United States, China and the United Kingdom without authorisation and kept £543,482, 213 in fixed deposits in the United Kingdom alone, without authorisation by the CBN Board and the Investment Committee, while allegedly diverting a whopping N1.7 trillion of COVID 19 money to other means.

Again, revelations in the probe showed instances of arbitrariness where there was no presidential approval, but billions of Naira were taken out from the nation’s Consolidated Revenue Fund (CRF) account, indicating fragrant abuse of the Ways and Means provisions.

“The CBN officers and even the then Acting CBN Governor could not produce the presidential approval of most of the expenses described as “Ways and Means. When confronted to provide  the breakdown of the supposed N22,719,703,774,306.90 that was presented to the 9th  National Assembly to illegally securitise as “Ways and Means” financing, they were only able to partially explain a total of N9,063,286,720,318.92 or N9,258,040,720,318.92 (depending on which official you are considering his submission) and an  unreasonable attribution of non-negotiated/unadvised interest element of N6,678,874,321,541.97. This shows the point where the officers of the immediate past administration as well the erstwhile CBN governor and others connived, defrauded and stole from the common wealth of the country with the aid of civil servants,” part of the findings, say.

It added: “The true position of the “Ways and Means” as documented from the reconciliation between the CBN and the Ministry of Finance at the time is N4, 449, 149, 411. 584.54. This may have been the main reason the past administration hurriedly sought that the advances of N22,719,703,774,306.90 be securitised by the 9th National Assembly on the 19th December 2022; which they also hurriedly did despite the fact that it contravenes Section 38 of the CBN Act, 2007.”

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“The probe showed that the CBN Governor on the 19th December 2022 “ signed an advice to the former President Muhammadu Buhari to restructure “Ways and Means” of N23,719,703,774,306.90, despite presenting a different figure to the National Assembly on the same date.

“The fact that the balance of the “Ways and Means” was documented as N26.63 trillion as at June 8, 2023 by the erstwhile CBN Governor shows an unrepentant attitude of the management of the CBN because they continued to carry the “Temporary Advances to the Federal Government” as a running current account, despite the obvious contravention of Section 38 of the CBN Act, 2007, which they swore to uphold.” The document released by Obazee, who worked with different teams of crack detectives, was said to have uncovered the intrigues behind the naira redesign, which almost led to the collapse of the nation’s economy, stating that much as it was attributed to Buhari himself, it was actually the handiwork of the Presdent’s aide.

Again, part of the document read:  “The Naira Redesign was not approved by the Board of CBN and President Muhammadu Buhari in accordance with the law. Buhari only tagged along. Sometimes in September 2022, the erstwhile Governor of the CBN claimed that during his visit to the Presidential Villa, one of the presidential aides told him to go and consider redesigning the Naira.

“On 6th of October, 2022, Emefiele wrote Buhari seeking approval to redesign and reconfigure N1,000, N500, N200 and N100 notes. Buhari approved the proposal same day. But Buhari approved the currency be printed in Nigeria.

“On that 6th October 2022, former President Muhammadu Buhari approved Emefiele’s request and directed that he should redesign and reconfigure the four denominations of the Naira notes as prayed, but should print them locally.

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“Emefiele did not consult with the management of the CBN or seek any recommendation from the Board of the CBN as required by Section 19 of the CBN Act, 2007.

“Emefiele did not seek the recommendation of the Board of the CBN nor revert to former President Muhammadu Buhari to inform him nor seek his presidential approval for the new redesigns and the fact that he is now recommending only three denominations

“Emefiele took the redesigns, a mere change of colour to De La Rue in UK for a fee of £205,000. Only N1, 000, N500 and N200 were redesigned. As at August 9, 2023, N769 billion of the new notes were in circulation. The printing cost was N61.5 billion, out of which N31.79 billion has been paid.

Confirming the investment of billions of dollars in 593 foreign accounts in the United States, China and the United Kingdom without approval from the board or the President, the document further said: “The former governor of the CBN invested Nigeria’s money without authorisation in 593 foreign accounts in the United States, China and the United Kingdom while he was in charge.

“All the accounts where the billions were lodged have all been traced by the investigator, In the UK alone, Emefiele kept £543,482, 213 in fixed deposits without authorization by the CBN board and the Investment Committee of the bank.”

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Regarding the COVID-19 intervention fund, the document revealed: “The N1,622,119,412,095.16 was surreptitiously transferred to the following individuals and organisations: Police Trust Fund (N29,750,000,000.00); Companies and individuals (N22,680, 275, 135.45); borrowed for salaries (N720, 682,827,000.00); Donations to public (N40,000,000,000.00); Office of Accountant-General of the Federation (N196, 190,789,994.72); MDAs (N303,514, 294,725.21); and others (N293,986, 243,831.39).

There was also the allegation of diversion of another whopping N17billion by Deposit Monetary Banks (DMB), with the probe revealing that 14 of the banks were involved in what is termed “criminal diversion of N17, 232,349, 193.55, though the identities of the banks were kept secret.

The report, which said a web management firm is to refund N4.8 billion, being the sum said to have been illegally diverted from NESI Stabilisation Strategy Limited, explained: “The Presidential Approval granted by the then President Goodluck Jonathan was rightly stated by him that NESI should be a Company Limited by Guarantee, but the Committee of Governors misled the Board of the Central Bank of Nigeria by inter-alia:

“Relying on a non-existent advice by the Office of the Attorney General and Minister of Justice, to incorporate a Company Limited by Shares for which the Allotted Share Capital exceeded the Authorized Share Capital (See 380% Meeting of the Committee of Governors held in January 2015); and Allotting unauthorised share capital without lawful approval by the President of the Federal Republic of Nigeria.

“There was misrepresentation of Presidential Approval (NESI Stabilisation Strategy Limited). NESI, as approved by former President Goodluck Jonathan, was supposed to be an SPV limited by Guarantee, but Emefiele, relying on a non-existent advice, made it a company limited by shares.

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“By law, an SPV cannot issue Debentures, as it is precluded from forming a Debenture Trust. Worse still, a virgin entity without any operational track record cannot issue Debentures as it has no trading or earnings history to justify the requirements of the Debenture issue.

“Despite these, the Committee of Governors of the Central Bank of Nigeria on the date of its Meeting of 21st  January 2015,  caused a violation of Section 31 of the CBN Act, 2007 by authorising the issuance of Debentures by NESI Stabilization Strategy Limited to which the initial sum of N64,861,954,000.00 (Sixty Four Billion, Eight Hundred and Sixty One Million, Nine Hundred and Fifty Four Thousand Only), was diverted from Public Funds under the guise of Debenture issuance. This practice has grown to N952,414,745,000 (Nine Hundred and Fifty Two Billion, Four Hundred and Fourteen Million, Seven  Hundred and Forty Five Thousand Naira Only) by the Financial Year end 2021.

“N1.325billion was stolen pre-incorporation and the money was funneled to four companies, including a legal firm which got N300 million.”

The note on the allegations against some banks read: “A total of 14 DMBs engaged in the manipulation by unlawfully arranging and collecting 1.9535 percent of the total disbursements paid to the DMBs participating in the Nigerian Electricity Market Stabilisation facility.

“The fees are paid to the banks in the ratio of their contributions to the NEMSF disbursement, according to External Auditor’s Notes to the Financial] Statement of NESI Stabilisation Strategy Limited. Also, a firm linked with some CBN officials was paid N4, 897,789,000 allegedly “illegally diverted from NESI Stabilisation Strategy Limited.”

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Now VDM has become Sowore’s nemesis, does Peter Obi need anther advocate?

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By Sunny Igboanugo

The kite swooped on the herd of sheep and picked a lamb, soared above the skies onto its nest. The father asked one question – what did the parent say when you took their child. The kite replied – nothing father – they were just gazing at me in silence. Then the kites father made an order – return it immediately. Any parent that keeps mute when its child is in danger, has a more sinister intention hidden in his heart. The kite obeyed and returned the lamb.

The next day, the same kite swooped on a brood of chickens and picked one of them. Then the mother went hysterical flying from pillar to post in frenzied movements. On return, the father again put the same question. This time, the kite presented a different picture, describing the shrieking cries of the mother-hen and how it tried to attack and failure to retrieve its chick, went into a frenzy.

Let’s have dinner, the father quipped excitedly. Danger is over. The parent has displayed every weapon in its arsenal. That is the reason chicks remain the main dish of kites till date. My father told me this story decades ago, which of course is one of the anecdotes that is as old as minds could picture. My father probably picked it from his own father.

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Yet, the implication in terms of central message has never lost its texture, despite its longevity. Rather, it has become truer with time – be careful of that man with few words – refrain from attacking a man that has not offended you – never bear false witnesses. These are standard cautionary and globally accepted natural edicts, which when observed in breaches, could result in highly disastrous consequences.

Is it not intriguing how this reality has stung Omoyele Sowore like those wicked agbisi – only those who sat on the bare floors would relate with the brain-twisting, sharp and excruciating pains those black ants delivered through the bare buttocks of children – in our mother’s kitchens in those days?

Have you been watching Vincent Otse, alias Very Dark Man, recently? What do you make of the multiple arrows he has been aiming at the heart of the Revolution Now exponent? I have my people and both the optics and the import derivable therefrom could only taper towards a central reality – cow wey no get tail na God dey drive am fly!

It was a song, sung by the popular Prince Nico Mbaga – that legend of the 1980s, whose epic – Sweet Mother – still resonates centrally in the Nigerian music history even till date, long after he was gone. I think it was the flipside of that legendary outing that dominated the airwaves at the time.

Never had that song, which you heard in those days blasting from the record shops at Achapo Street – in Ajegunle – the popular centre for music records business or through the windows of privileged homes in the face me I face you compounds in the days when even the poor afforded stockfish – now a delicacy you could only enjoy the aroma from a distance if your income is not in six figures – days when even the local women looked at ice fish with disdain and derisively related it with the “poor” as Ozu Nwada. O! What memories! But I digress!

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But before I walked too far and disappeared into those days when me, as a child sleeping on a mat at a one-room apartment at Number 14 Uzor Street, but still ate lavish meals which I must now struggle to offer my wards, I return to today’s reality to ask myself why this is happening before my eyes. Why must it be VDM that is now waging a war against Sowore – with whom he was only too cozy – just yesterday!

For months now, this selfsame Sowore, had launched a massive blitzkrieg against Peter Obi, candidate of the Labour Party (LP), in the 2023 presidential election. In what is more of a cocktail of bits and pieces, odds and ends set of drivels rather than any form of articulated reasoning based on facts and figures, this same man, actually came out with what has now become his catchphrase – Obi is a packaged fraud!

Don’t bother to ask him for facts supporting his conclusion. The only one he supplied was that the former Governor of Anambra State, was hobnobbing with supposed thieves and brigands responsible for Nigerian woes.

Yet, this selfsame Sowore, conveniently left out his central role, and incestuous relationship with the same people at an auspicious period, which ended up in watering the ground for what he now complains about from the rooftops. Were it not for Sowore, there might not have been a President Muhammadu Buhari and Bola Tinubu as APC governments – the worst era Nigeria has ever endured and currently cursed with!

Videos even showed him being celebrated nationally for this singular role. Yet, this is the same man, assailing Obi for keeping bad company! But that is what happens with the purveyors of anti-Obi sentiments. They inevitably meet a drought and are left with nothing more to rely on but contrivances. Where the well is dry, they import water tankers to try a rescue.

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Where deceit fails, they try illogic, then subterfuge, half-truths, outright lies and then mischief as they meet more frustrations. Imagine a Sowore saying that Obi packed Northerners in lorries and sent them back to their homes. In Nigeria? At what period? The same Obi who built his personal and state security architectures around northern people – Northern Aide De Camp (ADC) and Norther Commissioners of Police throughout his eight years?

To Sowore, nothing is good enough! He even mocks Obi for saying that he owns only one house in Nigeria – a development, which elsewhere defines absolute personal contentment. Elsewhere, the fact that Obi could prove this claim is demonstrable evidence of reduced propensity for induced stealing and absence of hunger for corruption and therefore a call for celebration. But what do you have here? Spite, mockery and contempt.

Now, it is not like Obi’s records – public and private are hidden. This was a man, who even as a university student, had become so successful in business that his chain of buildings were used as bank branches – that at a point was one of the 10 richest men in the UK – in fact, one of the 8.000 richest men in the world – so the source of his wealth is not suspect.

In office as governor, this was the same Obi who took schools in Anambra State from number 26 to number one, starting from his second year in office by sheer dint of visionary leadership anchored on self-denial – the only governor in history that left a whopping N75billion in the coffers – capping it all with emerging as the best in the implementation of the Millenium Development Goals (MDGs).

Now, if a governor attains the first position in this globally-accepted measurement instrument – covering all indices of developmental – physical infrastructure and policy frameworks for human capital development, what else defines excellence in leadership? Yet, people like Sowore will never be persuaded.

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Now you know why! VDM has supplied you with the answer. Sowore is in business. His activism is business – his Revolution Now – business – attacks on Tinubu – business – Obi is a packaged fraud – business – presidential ambition business.

Not that the world didn’t know this. But coming from familiar quarters – given the relationship between the two – both erstwhile friends – it is only gotten clearer and better. It is even moreso when the further and better particulars is not coming from Obi, but a more virulent voice!

Now, what is said about fate? What does the law of Karma say again? How does a tailless cow deal with flies again? Sowore has given us the lead and VDM has given you the answer.

But hear the philosopher! Beware of your thoughts, lest they become words; beware of your words, lest they become actions; beware of your actions, lest they become habits; beware of your habits, lest they become character; beware of your character, lest it becomes your destiny! Nigerians, think!

My name is Sunny Igboanugo, I’m The Tiny Voice!

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Be the hero that saved Nigeria! Open letter to Alhaji Atiku Abubakar

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His Excellency

Alhaji Atiku Abubakar (Waziri Adamawa),
Former Vice President, Federal Republic of Nigeria
Abuja, Nigeria

Your Excellency

Permit me, to use this medium to address you. I apologise most profusely for breaking protocols and not following proper and established channels. But I believe this is the best and ONLY way to reach you immediately because of the urgency of the matter at hand.

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I had to write you quickly after watching the interview when you appeared as a guest on Prime Time, a public affairs programme on ARISE NEWS Television. I must confess being enthralled at your physical fitness, mental alertness, eloquence, articulacy and richness of ideas. You looked every bit presidential.

That you appeared superlatively healthy physically and mentally at the ripe age of 79 can only be a gift from Allah. God has indeed preserved you so well and I congratulate you, while praying that God will grant you more years here on earth to see Nigeria become a great nation that it is meant to be and that you will make fruitful contribution towards that outcome.

Now, this is where I want to anchor the essence of this letter – the blessing of God and His expectation of man. There is no doubt from what human eyes could see that you have enjoyed this blessing tremendously. Look behind you and see how far you have come.

How many of your colleagues in the Nigerian Customs, where you left as a Deputy Director (Deputy Controller) are still remembered today? How many of them could even unlace your shoes today in terms of national recognition. How many of the people you started business with got to half of where you reached as a business mogul? How many of the people you went into politics with got to your level. How many of them are still around today – even those that are younger than you?

Please, Waziri, take a look back and count the blessings of Allah on you. How many can you count? You were preparing for your inauguration as Governor of Adamawa State, when suddenly, you were spirited from a Governor-elect to contest for Vice President and for eight years you enjoyed that position. Was that not evidence of Allah’s hands in your affairs, when the same position others sought with everything in them was offered to you on a platter of gold?

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Now, compare that with the Presidency. Since 1992, you have sought this position with every effort. You have fought doggedly with the last breadth in you. Like the General you are, you have fought gallantly. But even a General must retire from the warfront and hand over to younger officers to continue where he stopped.

Such retirement does not suggest defeat. Rather, it suggests wisdom. It suggests experience. It suggests circumspection. It suggests prudence. It suggests strength.

For record six times, you had made attempts at the Presidency and for that number of times, you had failed to attain that feat. Why continue – even when time and circumstances clearly indicate that your chances of getting it at the seventh trial is bleaker than the rest? Is it not even an attempt to tempt God?

Waziri, please permit me to share this anecdote. It is about the prototype developed by Brazilians to catch monkeys. They throw utu – a kind of nut usually craved by monkeys into a bottle with a narrow neck and hang it on tree branch. The opening is wide enough to allow the hand of the monkey in, but too narrow to allow a clenched fist out.

Knowing that monkeys are greedy and would never let go, they take full advantage of this fact in setting this obvious trap. True to their expectations, the monkey would usually fit its hand into the bottle and grab the nut, but would be unable to pull it out with the nut. The owner of the trap standing by would then begin to approach. The monkey on sighting the obvious danger would start struggling with the hand inside the bottle.

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Now, all the monkey needed do is to free the hand and let the nut go to save itself. But it never does. Because all its senses are focused on the sweet taste of the nut it loses the sense of danger and stays with the bottle until it is caught – not even having the opportunity of tasting the same nut. That is how the Brazilians catch monkeys.

Alhaji, does this send any meaningful message? Does it look or sound familiar? Like the situation of the monkey with its hand in the bottle, Nigeria is in danger at this time. You have the singular opportunity of saving it. The only way to do it is through the African Democratic Congress (ADC).

Your insistence on running for the ticket of the party ahead of the 2027 presidential election represents the perfect imagery of the monkey’s hand in the bottle.

No doubt like the nut to the monkey, the Presidency is sweet. But like the unpromising situation of the monkey, there is no way you can pull the nut out with a clenched fist. The only option is to loosen your fist and let go.

Waziri Adamawa, free your hand. Let go this quest for Presidency. It is not yours. Destiny has denied you the opportunity. Your biggest opportunity was in 2019, though it was not to be for reasons that are now history.

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Today, the odds are stacked against you! You are not from the South – make it the South East. You are no longer young. You belong to the old order. Yes! You are favoured to win the ADC primaries but winning the election proper is a different kettle of fish. There is no way you can win it. Forget what your followers are telling you.

On the other hand, sitting right beside you is Peter Obi. All the odds are in his favour. He is from the South – the South East. He is young. He has the organic following. He will win the presidential election of Nigeria before midday on January 18, 2027.

Let me conclude this letter by creating two scenarios. Consider a situation where you contest this election and fail as you are bound to. What will it be said about you? How will history record you?

Will you not be seen as the man who finally sounded the death-knell on Nigerian democracy by allowing President Bola Tinubu transform Nigeria into another Paul Biya’s Cameroun, Equatorial Guinea’s Teodoro Obiang Nguema Mbasogo and Uganda’s Yoweri Museveni? Surely, that imminent fall will not only be a fall in unfulfilled goal, it will be a fall of destiny of a national. The consequences are heavy, grave and unimaginable!

On the other hand, if you conquer the greed of the monkey and let the nut go, you will not only have helped in freeing Nigeria from the immediate bondage in which it is destined in the hands of Tinubu and his brood of vipers, you would have saved it from the cataclysmic eruption of blitzkrieg that might result as a counter.

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Remember how it is now history that you destroyed the PDP by insisting to run against the zoning arrangement. How will it sound that after delivering the fatal poison that killed the once largest party in Africa with a deadly political fang you whipped the ADC with a poisonous tail to achieve the same result.

As we speak now, David Mark, ADC National Chairman is from the North. Now, you want to take the presidential ticket, thus replaying the reel of the PDP scenario. Is it not obvious that the result will be the same? Is it not the same PDP playbook?

Waziri Adamawa, remember that even Nnamdi Azikiwe, with all his greatness, never became President. Obafemi Awolowo never attained the position either. Yet, as a reporter with The Guardian in Enugu, I could not count the number of dignitaries, Nigerians and foreigners, whom I reported their presence at Onuiyi Haven in Nsukka, home of the late Owelle of Onitsha.

I assume that of Ikenne, the home of the great Awo would also have been the same before his demise. Who says your own home in Abuja or Yola, would not be a Mecca for Nigerians and world leaders to pay their homage by the time this race is run and the mileage counted.

That will only be possible if you decide to play the role destiny has put in your hands. Waziri Adamawa! Save Nigerian Democracy! Save Nigeria! Let your name be written in gold letters and not with blood of Nigerians. Yes! President may be denied but Father of Democracy is there. It even sounds sweeter!

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May God guide you.

My name is Sunny Igboanugo, I’m The Tiny Voice!

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NCDMB, Seplat firm up plans for take-off of Centre of Excellence at DELSU

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Key Management staff of the Nigerian Content Development and Monitoring Board (NCDMB) and Seplat Energy Plc met with principal officers of the Delta State University (DELSU), at Abraka, Delta State, on Monday to deliberate on critical processes toward the take-off of a Centre of Excellence in Gas Development, approved for the institution by the Board in 2024.

The project, which is the latest among similar ones at Niger Delta University, Amassoma, Federal University of Technology, Minna, Federal University of Technology, Akure, Federal University of Technology, Owerri, Modibbo Adama University of Technology, Yola, and Usman Danfodio University, Sokoto, is the outcome of an NCDMB-commissioned research undertaken by PricewaterhouseCoopers (PwC) to provide a 10-year road map for research and development (R&D) for the Nigerian oil and gas industry.

Speaking at the event, the Director, Corporate Services, of the NCDMB, Dr. Abdulmalik Halilu, who represented the Board’s Executive Secretary, Engr. Felix Omatsola Ogbe, recalled that personnel of the Board and Seplat have held a series of engagements since 2024 to ensure they achieved a scope that clearly outlined the essence of what a centre of excellence is supposed to deliver in terms of infrastructure, equipment, capacity development, research policy and most importantly, sustainability of the project.

He disclosed that the Managements of NCDMB and Seplat Energy have endorsed the scope and were ready for the take-off of the project, with a team of technical experts already assembled to manage the entire process. He reiterated that the Standing Committee of the Board that has been managing the project since conception has been further reinforced with the inclusion of new personnel of general manager cadre to ensure that expectations of the project are met.

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“We wish to reassure you,” Dr. Halilu declared, that “the Executive Secretary is fully committed to the project, not just at the project development phase but even during execution,” and has accordingly deployed the full complement of staff covering quality assurance, research and development, and related operational units to achieve the best results.

In his own remarks, the Nigerian Content Manager of Seplat Energy, Mr. Simeon Ogari, said his company, which operates the 300 million standard cubic feet per day (MMscfd) ANOH Gas Processing Plant, a 50/50 Joint Venture with the Nigerian Gas Infrastructure Company (NGIC), chose Delta State University, Abraka, for the Centre of Excellence project because of its proximity to his company’s major operational base.

While underlining the commitment of the company’s Management to timely completion and sustenance, he pointed out that the Research Centre in Gas Development would be beneficial not only to the institution but to the oil and gas industry and the country at large as a centre for advanced research and technology incubation.

He, however, emphasised the importance of collaboration, pointing out that “There is nothing as good as looking at the Triple Helix Model,” as every research centre in the world has government, institution, and the private sector working together in critically important roles. He said he expected same for the upcoming Centre.

Giving the background to the project, the Chief Executive Officer of GOSHEN, the management firm in charge of the project, Mr. Leonard Okafor, noted that the research work undertaken by PricewaterhouseCooper showed that Nigeria is “operating an enclave economy,” without adequate intersectoral linkages, and that “there was need for entrenched local content in the oil and gas industry.” The Research Centre, he explained, was one of a number of initiatives designed to address the deficits.

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The PwC research, he stated, also identified five areas where R&D would enhance local participation in the oil and gas industry, namely, Collaboration, Infrastructure, Capability, Commercial/Legal Framework, and Funding. He emphasised that “Finding the right collaboration is critical,” noting that academics with sound research backgrounds and who are well-published are particularly required for a project of this nature.

Explaining further what he titled as “Standard Requirements from Host Institutions,” the management consultant listed availability of research staff for secondment to [the Research] Centre, availability of non-research/administrative staff for secondment to the Centre, essential policy documents (Existing MoU for any existing research centre/collaboration between DELSU and other parties], Research Policy, and Finance and Procurement Policy).

In his own response, the Vice Chancellor of the institution, Professor Samuel Oghenovo Asagba, thanked NCDMB and Seplat for the world-class research facility they have decided to build at DELSU, assuring them that he would do his best to meet all requirements for successful take-off.

In regard to collaboration, he said the University, which was rated by Times Higher Education in 2026 as “The best state-owned university in Nigeria,” has very competent academics, renowned for their research output, to fulfil the requirement of collaboration. “In science and engineering, DELSU has high-flyers,” he declared.

Also speaking, the General Manager, Quality Assurance, of the NCDMB, Mr. Chris Osuji, said his department was involved in the project to ensure top-notch finishing. According to him, “From inception to completion, NCDMB Quality Assurance is to be actively engaged,” he stated.

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In a vote of thanks, the Director, Monitoring and Evaluation, of the NCDMB, Mr. Silas Ajimijaye, expressed appreciation to Seplat for providing the required funding, while urging the University Management to use the project to etch its name in gold.

In a similar vein, the Deputy Vice Chancellor, Research, Professor Douglason Omotor, thanked NCDMB and Seplat for the initiative, while assuring that the project executors would find technically competent academics and seasoned administrators to provide effective collaboration.

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