News
Otti names Okonjo-Iweala, Sanusi, Balogun, to drive ambitious Abia economic programme
Alex Otti, Governor of Abia State, on Thursday, named Ngozi Okonjo-Iweala, Director General of the World Trade Organisation (WTO), Lamido Sanusi, former Central Bank of Nigeria (CBN) and Bolaji Balogun, Nigeria’s foremost investment banker and Chief Executive Officer (CEO), Chapel Hill Denham, in a 19-man team of Nigeria’s cream of financial experts, to drive an ambition economic agenda for his government.
The team, also included Arunma Oteh, former Director General, Securities and Exchange Commission (SEC) and former Vice President of the World bank, Chidi Ajegbu, former President, Institute of Chartered Accountants of Nigeria (ICAN), Victor Onyenkpa, Chief Operating Officer & Risk Management Partner, KPMG, and Ifueko Omoigui Okauru, former executive chairman of the Federal Inland Revenue Service of Nigeria (FIRS).
The governor also named Uche Orji, Ndidi Nwuneli, Chika Nwobi, Olugbenga Adesida, Ndubuisi Ekekwe, Clement Owunna, Uzodinma Iweala, Ezinwa Okoroafor, George Agu, Mazi Uzo Nwankwo, Mr Chinedu Azodoh and Dr. Benedict Oramah, in the body named, Abia Global Economic Advisory Council (AGEAC).
Otti, who also appointed himself, Ikechukwu Uwanna, Attorney-General, Kingsley Anosike, his Budget and Planning counterpart, Michael Akpara, Finance and Chimezie Isaac Ukaegbu, Commissioner for Trade, Commerce and Industry, all drawn from the State Executive Council, would represent the state government on the council, part of his administration’s strategic plan to ensure the overall economic development of the state.
Stressing that the 19 wise men, all with global records was aimed at building Abia into a self-sustaining economic hub, Otti, who lamented that the economy of Abia State has suffered neglect and became fragile due to untold economic sabotage, over the years, said his administration since its inception on May 29, 2023, has commenced the socio-economic re-engineering of the state from what he described as the wreckage of over the last two decades.
He said: “Our programmes are already re-positioning and rebuilding Abia State as the economic pride of Nigeria. Therefore, it is essential to ensure that its economic development strategy is founded not only on a thorough understanding of the local economic environment but also on the dynamics of the emerging forces now shaping the future of the global economy.
“The newly appointed members bring a wealth of experience and expertise in various sectors, enhancing the diversity and dynamism of the Abia State Global Economic Advisory Council. Their collective knowledge will play a pivotal role in shaping policies that drive innovation, attract investments, form solid partnerships, and ensure the overall economic resilience of our great state.”
With the secretariat of the Council to be managed by Chinenye Mba-Uzoukwu, Principal Secretary to the Governor/Chief Strategy Officer, and Charles Egonye, Technical Assistant to the Governor, and supported by Victoria Onwubiko and Amaka Okonkwo from the private sector, the body would serve as a key advisory body, offering strategic insights and recommendations to guide the state’s economic and investment policies.
The Advisers will collaborate closely with the relevant State Commissioners to address the unique challenges and opportunities that lie ahead, ensuring that Abia State remains at the forefront of innovation and economic development within the region and globally.
Joyce Abdulmalik, of the Federal High Court, Abuja, heard on Wednesday, how Zenith Bank raised alarm over the huge transaction in one of its branches by Abubakar Malami, former Attorney General of the Federation and Minister of Justice (AGF-MoJ).
The bank said it immediately filed a Suspicious Transaction Report (STR) in respect to the transactions, during its appearance in the ongoing trial of Malami, his wife, and son over allegation of massive looting of funds belonging to the Federal Government during his tenure.
Mashelia Bata, a compliance officer with the bank, who appeared as witness in the case, where Malami, et al, are facing a 16-count charge bordering on alleged money laundering to the tune of N8.7 billion, to which they pleaded not guilty, gave the testimony while being questioned on the bank’s roles in the matter.
Details of the testimony conveyed by the Economic and Financial Crimes Commission (EFCC), stated how the compliance officer who was cross-examined by Adebayo Adedeji, lawyer to the defendants admitted that the deposits in the account statements complied with the guidelines of the Central Bank of Nigeria (CBN).
Arguments had stretched when Adedeji, opposed Jibrin Okutepa (SAN), lawyer to the EFCC, who had asked the witness to explain the meaning of a suspicious transaction report, stressing that there was no ambiguity in the term.
However, Okutepa, in response, maintained that section 215(3) of the Evidence Act did not preclude him from re-examining the witness while urging the court to allow the question for proper explanation.
After Abdulmalik, agreed and overruled Adedeji, the witness told the court that banks were required to alert the Nigerian Financial Intelligence Unit (NFIU) about fund deposits coming in a repetitive pattern, adding: “Any deposition of funds seen in a pattern or repetitive, you must escalate it to the NFIU.”
Remember election decision is a one-day event that could lead to four years of pains, were the words with which Seyi Makinde, Governor of Oyo State, employed to rouse Nigerian voters to action against the ruling All Progressives Congress (APC) in 2027.
Makinde, said to be eyeing the Presidency in the next election circle, warned that Nigerians must not slack, but do everything in their powers to show the party the exit door for the suffering it had brought to them.
Declaring that the federal might those in power might be relying on would not work, the governor told his audience at the Oyo state Tourism Summit held at the University of Ibadan International Conference Centre (ICC), on Wednesday, that Nigerians would vote for leaders of their choice regardless of political influence.
Hear him: “I believe that this election cycle, federal might will not work. It has worked in Ekiti state in both instances but this time around, Nigerians will show politicians pepper. They will show us that they don’t want to be bystanders anymore; they will participate, and I’m sure of what I’m saying.”
Stressing how he had created structures to strengthen good governance in the state, Makinde, said while he would always root for continuity by which he would recommend a successor, the ultimate choice would be left for the people on who would lead them in the same manner they chose him.
His words: “I tell people that I will recommend for Oyo state people, but the decision will rest with the people of Oyo state. But if you make a mistake and bring someone who will not do good work, it is a one-day event, but the impact will last four years. So, we must get it right. Leadership changes but systems, they endure. So, our focus has been deliberate.
“People say, ‘oh, so Seyi, you did not mentor anyone these seven years you have been in government that can take over from you without the taint of APC’? And I ask them that Morohunkola Thomas or Bimbo Adekanbi, are they not from Oyo state? For us, if you’re from Oyo state, loyal to Oyo state, and have capacity, we will support you. We are blind to part colouration but open to capacity that can move Oyo state forward.”
Maintaining that his idea of continuity was aimed at building enduring systems that future administration could strengthen rather than replace, he added that the goal was to lay a solid foundation that would allow subsequent governments to build on existing structures instead of starting afresh.
There have been speculations that Makinde may back Bimbo Adekanbi, a former commissioner for finance in the state, as his preferred governorship candidate.
Adekanbi served in the administration of the late Abiola Ajimobi under the APC.
On Wednesday, Adebo Ogundoyin, speaker of the Oyo house of assembly, said he led lawmakers in the state “to a strategic breakfast meeting” with Adekanmbi, “the consensus gubernatorial candidate of our new party in the State Allied Peoples Movement.”
Oyo is the only state currently governed by the Peoples Democratic Party (PDP) in Nigeria. The party has been embroiled in an internal leadership crisis, resulting in factions aligned with Makinde and Nyesom Wike, minister of the Federal Capital Territory (FCT).
Buildings seized for being used as havens for criminal activities are now to be converting to police bases or residences, instead of demolishing them, if the new proposal by the Anambra State Police Command, sails through.
Ikioye Orutugu, Commissioner of Police, who canvassed for the new arrangement on Wednesday, told reporters that it made more sense putting such buildings to good use than pulling them down or setting them ablaze.
The police boss spoke against the backdrop of the burning down of big edifice in Nkpo, a community in Idemili North Local Government to the state, said to have provided a base for criminals and hideout for kidnappers, as part of the major breakthroughs by the command in recent times.
Three kidnap people including a medical doctor, were said to have been smoked out from the building, which was instantly torched in line with the Anambra State 2025 Homeland Security Laws, which empowers the state government to demolish any property used for or suspected to be proceeds of crime.
Against the backdrop of the number of buildings that had previously been pulled down, and the empty land taken over as government properties, the police boss, said it was not the best thing to do, insisting that the government should rather acquire such buildings and designate them as police posts or residences of police personnel.
Reeling out the streak of successes recorded in recent times in the state, the police boss, said they included the arrest of kidnappers, cultists, armed robbers, child traffickers, sexual predators, separatist agitators and other criminal elements.
Citing one of them as “the strategic clearance operation on 7th May 2026 in Owerre-Ezukala, Orumba South Local Government Area, he said: “Recall that the camp was earlier destroyed by a Joint Security Team. Before the confession, one Nnamdi Nkemdilim Ogbonna, male, aged 37 years, allegedly one of the top commanders of the proscribed secessionists group, is in custody as well as intelligence received overtime points on how some escaped gang members were attempting to regroup.
“The offensive operation led to the recovery of one General Purpose Machine Gun (GPMG) with about 2,000 rounds of live chain ammunition, two fabricated rocket launchers with 25 propellers, 10 locally made Improvised Explosive Devices (IEDs), one locally made Beretta pistol, two pump-action guns, three hand grenades, 10 rounds of K2 live ammunition, one gas cylinder and one black Ecolac box.
“The operatives also dislodged the armed criminals and sustained operational dominance in the area to prevent any regrouping. We remain committed to sustaining ongoing operations against all forms of criminality and ensuring the safety and security of Anambra people.”
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