Featured
PDP raises alarm over Obaseki’s planned sale of Edo state assets
The Edo State chapter of Peoples Democratic Party (PDP) has raised alarm over the planned sale of assets belonging to the state by the Godwin Obaseki led administration in the state.
Through its spokesman in the state, Chris Osa Nehikhare, PDP alleged that APC led administration in the state has already selected a preferred ‘investor’ in the person of Dr. Henry Nzekwu for the acquisition of Bendel Newspaper and Edo Broadcasting Service.
In a statement issued by the party and signed by Nehikhare, the Obaseki led administration procured the services of four media executives sometimes ago to produce a report to justify the sale, or concession of two public enterprises (Bendel Newspapers Ltd, and Edo Broadcasting Service).
“Presently, the governor has allegedly selected a preferred “investor” who happened to be the consultant to his campaign organisation. The said investor is Dr. Henry Nzekwu. He manages a small radio station in Delta state and has great difficulty breaking even.”
Nehikhare alleged that the plan is to quietly divest Edo state interest from both companies, hand them over to Dr Nzekwu, who is acting as a front, as a tradeoff for the role Dr Nzekwu played during his campaign.
“This format is similar to the one Ex-Governor Oshiomhole used in selecting Afri-Invest as the preferred Partner for Edo University Iyamoh. In Iyamoh, Afri-Invest was used as a “holding” company before Adams Oshiomhole can assume control. Dr. Nzekwu in this case is playing a similar role for Governor Obaseki.”
He said similar fate befell the Edoline as her assets has been stripped and converted to personal properties.
“We call on the state government to stop the illegal sale and acquisitions of government assets and properties. We implore them to put in place a well-motivated management team, invest just 50% of 3 months of the illegally collected security votes (N600m) and EDSG will achieve a world class media company,” Nehikhare charged.
Continue Reading
-
Football1 week agoSuper Falcons target World Cup play-off spot against South Africa
-
Business1 week agoBigi, Fearless take campus engagement to new level, reach 20 tertiary institutions
-
Featured5 days agoOsun 2026: What the battle could signal for 2027 general elections
-
Business6 days agoWho is really benefiting from Nigeria’s economic reforms?
-
Business7 days agoOPay transactions surge 115% to $358bn as Fintech eyes $4bn US IPO
-
Featured5 days agoOsun Election: How poverty turns ₦20,000 into a powerful vote-buying tool
-
Latest5 days agoCoca-Cola faces backlash over alleged AI filter blocking Christian messages
-
Business7 days agoDeep offshore tax order to unlock $50bn investment, boost oil output–Ojulari