Headlines
ICPC begins disposal of forfeited assets in accordance with POCA

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced the process of disposing of assets forfeited to the Federal Government.
The spokesperson for ICPC, Mrs Azuka Ogugua disclosed this in a statement issued in Abuja on Sunday.
According to her, the process is in line with the Proceeds of Crime Recovery and Management Act (POCA), signed into law by President Muhammadu Buhari on May 12, with a bid opening to select auctioneers.
Ogugua quoted the ICPC Chairman, Prof. Bolaji Owasanoye as hailing the impact of the bill on the anti-corruption war, describing it as a tool ensuring clarity of purpose to asset recovery and management.
Owasanoye noted that the unregulated structure surrounding forfeited assets had often led to huge revenue losses, which ultimately defeated the purpose of recovery.
He further stated that POCA was introduced as a standardised procedure for managing and disposing of forfeited assets.
The ICPC chairman added that it had also set up a governing directorate and ensured that all processes were deliberated upon and executed by professionals who were experts in relevant fields.
This, he said, had promoted transparency and prioritised corruption prevention.
Owasanoye also highlighted the fact that each agency that recovered assets was responsible for the disposal of the forfeited assets, adding that the process was tamper-proof.
“As instructed, all proceeds would be lodged in a dedicated account domiciled in the Central Bank of Nigeria (CBN) and accessible only at the discretion of the National Assembly and the President of the Federal Republic of Nigeria.
“Whatever is gotten at the end of this exercise, there is a dedicated account under the watchful eyes of CBN.
“Nobody has the power to transfer or move anything out of that account, except the National Assembly and the President,” he said.
Speaking on the bill, the ICPC boss said that the commission had an asset recovery and management manual which provided the guidelines for ensuring that all processes were governed and controlled.
He also pointed out that the commission had, in line with POCA, set up a committee comprising board members, directors, representatives of labour, civil society organisations, the media and the Bureau of Public Procurement, to administer the bid process.
Owasanoye expressed delight that the commission was among the first to carry out an auction based on POCA and suggested that the success of the process would ultimately encourage other agencies to follow suit.
The statement added that the bid opening process began with the opening and counting of submitted bids, based on the lots which had been publicly advertised and subjected to stringent terms and conditions.
ICPC begins disposal of forfeited assets in accordance with POCA
Headlines
Benue IDPs block highway, demand return to ancestral homes

Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.
The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.
The protest caused disruption, leaving hundreds of motorists and passengers stranded.
Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.
“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.
Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.
Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.
Headlines
NNPCL reveals decision not to sell Port Harcourt refinery

The Nigerian National Petroleum Company Limited, NNPCL has officially decided not to sell the Port Harcourt Refining Company.
NNPCL has, instead said it is committed to conducting an extensive rehabilitation of the facility and ensuring its continued operation.
During a company-wide town hall meeting held at the NNPC Towers in Abuja, Bayo Ojulari, the Group Chief Executive Officer of NNPC Ltd, announced the decision regarding the future of the nation’s most significant state-owned refining asset, putting an end to weeks of speculation.
A statement by NNPCL reads, “The Nigerian National Petroleum Company Limited has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant.
“The ongoing review indicates that the earlier decision to operate the Port Harcourt refinery, before full completion of its rehabilitation, was ill-informed and subcommercial.
”Although progress is being made on all three, the emerging outlook calls for more advanced technical partnerships to complete and high-grade the rehabilitation of the Port Harcourt refinery.
”Thus, selling is highly unlikely as it would lead to further value erosion.”
Headlines
Tinubu appoints Olumode Adeyemi as Federal Fire Service boss

President Bola Tinubu has approved the appointment of Adeyemi Olumode, as the new Federal Fire Service, FFS, Controller-General.
The appointment was announced on Wednesday on behalf of the Federal Government by retired Maj.-Gen Abdulmalik Jubril, Secretary of the Civil, Defence, Correctional, Fire and Immigration Services Board, CDCFIB.
Jubril said the appointment followed the retirement of the current Controller-General, Abdulganiyu Jaji, on August 13.
Jaji is retiring upon attaining the age of 60 by August 13.
Jibril further disclosed said that Adeyemi Olumode is qualified for the position, having attended and passed all mandatory in-service training, Command courses as well as other courses within and outside the country.
“He brings a wealth of experience to his new role, having transferred his service from the FCT Fire Service to the Federal Fire Service and grown to the rank of DCG in the Human Resource Directorate of the Service Headquarters.
“He has served in various capacities and is equally a member/fellow of the following professional associations including Association of National Accountants of Nigeria, ANAN, Institute of Corporate Administration of Nigeria, Institute of Public Administration of Nigeria and Chartered Institute of Treasury Management of Nigeria.”
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