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Why I located $800m Geometric Power plant in Aba- Barth Nnaji.

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Barth Nnaji, chairman of Geometric Power Group, has attributed the reason he developed the $800m Geometric Power Plant in Aba to Ngozi Okonjo-Iweala and the late James Wolfohnson.

He disclosed this at the recently convened leadership colloquium on “Igbo Leadership and Development.”

Nnaji linked the origins of the Aba power plant to the time when the late James Wolfohnson, a former president of the World Bank, was called to Aba by Ngozi Okonjo-Iweala, the former minister of finance for Nigeria, to witness personally the enormous economic and technological potential of Aba.

He said: “After the visit in 2004, the duo asked me to consider building a 50-megawatt power plant in Abia for manufacturers, both big ones like the Star Paper Mill and small ones like the hundreds of excellent shoemakers and clothiers at the famous Ariaria Market.

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“They approached me obviously because I had led a small team of dedicated Nigerian engineers and entrepreneurs to build a 22megawatt Emergency Plant in Abuja in 2001 for the supply of electricity to State House, the NNPC headquarters, the Abuja Business District, and other places.

“I acceded to the request by Okonjo-Iweala and Wolfohnson. What the two did not realize was that my enthusiastic acceptance was because the plant would be located in Aba. This city has a special place in the heart and mind of every person interested in our country’s rapid progress: It is the home of indigenous manufacturing, innovation, and entrepreneurship.

Nnaji emphasised his enthusiasm for Nigeria’s quick development, beginning with Ala Igbo, citing the region’s tremendous technological and economic potential and the structural issues it has encountered since the end of the Nigerian Civil War in 1970.

Geometric Power Limited is making its contribution to help reclaim the old economic days of the Great Zik of Africa, M.I. Okpara, and many others. Once Geometric Power addresses the electricity challenge in nine out of 17 local government areas in Abia State fully, not even the sky will be the limit of the attainments of the people and government of Abia State. Abia can set the stage of development miracle which has been waiting to happen,” he said.

Nnaji also revealed that if the 188-megawatt Geometric Power Plant in Aba and the Aba Power distribution company in Osisioma Industrial Layout had been situated in Ikeja, the Ilupeju Industrial Estate in Lagos State, the Agbara Industrial Layout in Ogun State, or somewhere in the vicinity of the Federal Capital Territory of Abuja, they would have been more profitable ventures.

Nnaji also said, “The return on investment would have been quicker and bigger (in these locations). However, we would have missed the strategic reason for locating both the generation and distribution arms of Geometric Power Group. Only the investors and promoters of Geometric Power would have benefitted directly, but the people and governments of Ala-Igbo would be the losers.”

He stated that his firsthand experience of what industrialists in Igbo land were going through was another reason why he chose to build the plant.

“As a professor of manufacturing engineering in the United States in the 1990s, I decided to build a plant in Emene, Enugu, to produce vehicle spare parts, including engines, of the highest standard in the world. After all, I had watched my former students from Taiwan and other places in Southeast Asia rush home to produce sophisticated auto parts and engines.

“So, we purchased a large swath of land for this purpose, but when my South Korean partners visited Enugu, it became obvious that the project would not take off principally because of poor electricity. While I was thinking of how to help resolve the electricity problem in Ala Igbo, Okonjo-Iweala and Wolfohnson made the request. The rest is history,” Nnaji added.

Nnaji described the journey in the words of Winston Churchill, former British prime minister, “it has since 2004 been tears, sweat, and blood.”

I don’t want to tell the story of sweat, blood, and tears now; all I can say now is the game is worth the candle. Nothing can give as much fulfillment and satisfaction as working wholeheartedly for your people,” he added.

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ODUMODUBLVCK Drops ‘They Love Me’ Featuring Valentina Rose

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Nigerian rap powerhouse ODUMODUBLVCK has unveiled a brand-new single titled They Love Me, featuring rising vocalist Valentina Rose. Arriving just in time for the Valentine’s season, the record marks another bold step in the Abuja-born star’s ever-evolving soundscape.

Produced by UCEE, They Love Me captures ODUMODUBLVCK in a flirtatious yet self-assured mode. While he retains the gritty, commanding presence that has defined his “Okpu Agu” persona, the track leans into a smoother, more melodic direction. Valentina Rose’s guest vocals add warmth and balance, creating a compelling contrast to his heavy-hitting delivery.

Lyrically, the song is a confident celebration of love and admiration. ODUMODUBLVCK blends streetwise lyricism with romantic bravado, delivering punchlines that feel equally suited to the club and intimate playlists. It’s a noticeable departure from the aggression that powered some of his earlier “Kala” records, signaling versatility and growth.

Sonically, the production is layered with heavy basslines and a soulful sample that drives the rhythm forward. The fusion of Native House influences with Afropop-Rap elements broadens his reach while staying true to the gritty Abuja roots that built his fanbase. The chemistry between ODUMODUBLVCK and Valentina Rose gives the track replay value, with fans already amplifying it across social media platforms.

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As 2026 unfolds, They Love Me reinforces ODUMODUBLVCK’s reputation as one of Nigeria’s most dynamic performers — unafraid to balance braggadocio with vulnerability. For longtime followers and new listeners alike, the single offers a glimpse into a softer, yet still commanding, dimension of his artistry.

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Serial Facebook Propagandist, Michael Itok, Arrested Over Alleged Misinformation Campaign

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Michael Itok
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By Rikki Nwajiofor

In a significant development highlighting the growing crackdown on online misinformation and character defamation in Nigeria, Michael Itok, a well-known serial propagandist, has been arrested by authorities. Itok, infamous for originating, peddling, and disseminating false information via his Facebook page, is currently in custody at the Force Headquarters. He is expected to be arraigned soon on multiple charges related to his recent Facebook posts.

Itok’s latest controversy stems from his vocal defense of Victor Thompson, who was recently arraigned by the Economic and Financial Crimes Commission (EFCC) Uyo Zonal Directorate on charges of allegedly defrauding American investors of over $525,000 in a fake mineral and seaport investment scheme. According to the EFCC reports, published on the EFCC official Facebook page on 2nd February 2026, Victor Thompson was arraigned on eight-count charges.

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Mr. Peter Jensen & Mrs. Tammy Jensen

Rather than allowing the EFCC to conduct its investigation unimpeded, Michael Itok took to his Facebook page to spread what can best be described as deliberate misinformation. He falsely claimed that Victor Thompson’s arrest was a “witch hunt” stemming from Victor’s alleged refusal to marry the daughter of an American investor – Mrs. Tammy Jensen. This narrative, entirely fabricated, aimed to mislead the public and undermine the ongoing probe into serious financial crimes.

Investigations reveal that the actual allegations against Victor Thompson center on fraud against American investors led by Mrs. Jensen, who is a respected humble philanthropist, a dedicated Christian, a motivational speaker, and a self-discovery coach who founded WIRA (Who I Really Am) International – an organization focused on human empowerment and spiritual growth. Mrs. Tammy Jensen is happily married to Mr. Peter Jensen – a highly disciplined husband, an outstanding US Airforce Lt. Col (rtd), and a devout Christian with a heart of gold. The Jensens, renowned as a role model for families, are set to celebrate their 30th wedding anniversary on February 16, 2026, a milestone that stands in stark contrast to Itok’s defamatory tales.

By publishing photos of Mrs. Jensen and peddling these lies, Itok not only attempted to discredit the alleged victim but also risked inciting public confusion about a legitimate EFCC investigation. Such actions, experts argue, erode trust in law enforcement and could hinder justice in fraud cases that impact international relations.

Itok’s recent posts on his Facebook page extend beyond Victor Thompson’s case. He also published unprintable and blackmailing articles targeting Imabong Uboh, a prominent figure in Akwa Ibom, and Senator John James Akpan Udo-Edehe, a seasoned politician from Akwa Ibom North East District.

Recall that on October 8, 2019, Michael Itok was arrested by the Department of State Services (DSS) on charges of publishing damaging, harassing, and blackmailing content against the then-Governor of Akwa Ibom State, Udom Emmanuel. The incident, widely reported by Premium Times (online) on November 27 and 29, 2019 involved “annoying” Facebook posts that led to his detention for over 60 days. Itok was granted bail in December 2019 in the sum of N500,000 by the Akwa Ibom State High Court. Despite this history, Itok continued his activities, prompting the current arrest.

As Itok awaits arraignment on multiple count charges under cybercrime laws, this arrest serves as a cautionary tale. It underscores the EFCC’s commitment to pursuing fraud cases and the broader push by Nigerian security agencies to curb online abuse. The public is urged to verify information from credible sources and avoid amplifying unverified claims.

Stay tuned for updates as the case unfolds.


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Tinubu Hails Bank of Industry Over N636bn Disbursement in 2025, Says It Validates Reform Agenda

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Tinubu Hails BOI for Record N636bn Business Loans in 2025
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President Bola Ahmed Tinubu has praised the Bank of Industry (BOI) for disbursing a record N636 billion to businesses in 2025, describing the milestone as clear proof that his administration’s economic reforms are yielding measurable results.

The N636 billion represents the highest annual financing volume in BOI’s history, with over 7,000 enterprises nationwide benefiting from the intervention.

Where the Money Went

A breakdown of the 2025 disbursement shows strategic allocation across critical sectors:

  • N202 billion – Agro-allied enterprises
  • N100 billion – Infrastructure (broadband, power, aviation, transportation)
  • N79 billion – Manufacturing
  • N77 billion – Extractive industries
  • N55 billion – Services
  • N73 billion – Managed and matching funds for states and institutional partners

The President said the figures translate directly into increased productivity, industrial expansion, and national development.

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“At a time of global financing constraints, Nigeria expanded access to long-term capital for its businesses. That is a direct outcome of reform, credibility, and institutional discipline,” Tinubu stated.

Support Across Business Sizes

The disbursement reflected a deliberate inclusion strategy:

  • Nano enterprises: N51 billion
  • Micro businesses: N32 billion
  • Small & Medium Enterprises (SMEs): N178 billion
  • Large enterprises: N375 billion

Under the Federal Government’s N200 billion MSME intervention programme, BOI achieved over 95% performance as the disbursing institution.

The Presidential Conditional Grant Scheme reached 957,400 beneficiaries in 2025 alone.

Women, Youth & Rural Inclusion

BOI’s inclusive financing initiatives delivered measurable impact:

  • N10 billion Guaranteed Loans for Women Programme (up to N50m per beneficiary)
  • N12 billion for youth-owned enterprises
  • N6.5 billion disbursed to 880 rural enterprises across 36 states and FCT

The interventions strengthened women-led businesses, empowered youth entrepreneurs, and expanded rural economic participation.

1.6 Million Jobs Impacted

BOI’s financing activities contributed to the creation and retention of approximately 1.6 million jobs in 2025.

The bank supported:

  • Over 7,000 MSMEs
  • 570 startups
  • 47,508 smallholder farmers linked to formal value chains
  • 100 mini-grids deployed, connecting 11,777 new electricity customers

BOI-financed projects also reduced an estimated 20,000 tonnes of carbon emissions annually, aligning with sustainability goals.

Boost for Digital & Creative Economy

Through the Investment in Digital and Creative Enterprises Programme:

  • 500 founders were prepared for investment
  • 100 technology ventures received funding
  • 400 youths were trained
  • Innovation initiatives targeted over 300,000 Nigerians

Strong Financial Discipline

Despite macroeconomic challenges, BOI maintained a non-performing loan ratio below 1.5%, reflecting strong asset quality.

The bank also strengthened its lending capacity through:

  • A €2 billion syndicated facility secured in 2024
  • An additional €210 million mobilised from international partners in 2025

Reform is Delivering Results – Tinubu

President Tinubu described the performance as validation of his administration’s macroeconomic reform agenda.

“Development finance must be disciplined, measurable, and aligned with national priorities,” the President said.

He maintained that strengthened institutions like BOI are key to unlocking capital, boosting productivity, and sustaining economic growth.

The N636 billion disbursement signals an aggressive push to drive industrial growth, SME expansion, and inclusive financing under the current administration.

While the figures are historic, stakeholders say sustained impact will depend on implementation, monitoring, and continued macroeconomic stability.

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First Bank Vs Nestoil: Igbo Community Stakeholders Raise Concern Over Commercial Disputes in Lagos

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Igbo Community Stakeholders statement in Lagos
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The Igbo Community Stakeholders, Lagos State Chapter, have raised serious concerns over ongoing commercial disputes involving Igbo-owned businesses in Lagos, including Nestoil, and billionaire businessman Femi Otedola.

In a public statement issued on February 9, 2026, the group alleged that excessive commercial pressure and institutional influence were being applied in the handling of some disputes linked to financial institutions operating in the state, raising questions about fairness and due process in Nigeria’s business environment.

According to the stakeholders, the reported developments have raised serious questions about fairness, due process, and respect for indigenous business ownership in Nigeria’s commercial environment.

The group emphasized that its position is rooted in the principles of equity and the rule of law, stressing that no individual or corporate entity should be regarded as being above the law.

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“We believe Nigeria’s business environment must remain fair, transparent, and rules-based,” the statement said, adding that commercial disputes should be resolved strictly through lawful means such as negotiation, arbitration, or the courts.

The Igbo Community Stakeholders further called for restraint in the use of influence or institutional power in resolving business disagreements and urged transparent and fair engagement with Igbo-owned enterprises operating in Lagos.

They also appealed for peaceful, structured, and lawful resolution of all disputes, making it clear that their statement was not intended as a threat but as a call for dialogue, fairness, and adherence to due process.

“This statement is not a threat. It is a call for dialogue, fairness, and due process,” the group noted.

While reiterating their commitment to peace and lawful engagement, the stakeholders stated that they reserve the right to pursue lawful collective actions, including regulatory engagement and public advocacy, should their concerns remain unaddressed.

The statement was signed by Chidi Mbanefo, Secretary of the Igbo Community Stakeholders, Lagos State Chapter.

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Tinubu Meets Wike, Fubara Again Over Rivers Political Crisis

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Tinubu Meets Wike, Fubara Again Over Rivers Political Crisis
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President Bola Tinubu has again met with Rivers State Governor Siminalayi Fubara and Minister of the Federal Capital Territory, Nyesom Wike, as efforts continue to resolve the lingering political crisis in Rivers State.

Presidency sources confirmed that the meeting took place on Sunday night at the President’s official residence in Aso Villa, Abuja.

Although details of the discussions were not made public, the meeting comes amid renewed tensions over political leadership recognition in the state and stalled moves by some lawmakers to impeach Governor Fubara.

The latest intervention follows reports that President Tinubu had earlier advised Governor Fubara an All Progressives Congress (APC) member to recognise Wike, a Peoples Democratic Party (PDP) chieftain serving in the APC-led Federal Government, as the party’s political leader in Rivers State.

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The continued disagreement between the two powerful political figures has contributed to prolonged instability in the oil-rich state, with governance and legislative activities repeatedly affected by factional disputes.

Sunday’s meeting is believed to be at least the fourth time President Tinubu has personally stepped in to mediate the standoff, highlighting the federal government’s concern over political stability and effective governance in Rivers State.

As of the time of filing this report, neither the Presidency nor the parties involved have issued an official statement on the outcome of the meeting.

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