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Ogun: Abiodun unveils OGUNINVEST…says administration berths 36 investment portfolios worth $1b
Ogun: Abiodun unveils OGUNINVEST…says administration berths 36 investment portfolios worth $1b
The Ogun State governor, Dapo Abiodun, on Friday, inaugurated the Ogun State Investment and Facilitation Agency (OGUNINVEST) disclosing that no fewer than 36 investment portfolios worth over $1billion had been attracted into the state by his administration.
Abiodun equally disclosed at the event held at the Governor’s Office, Oke-Mosan, Abeokuta, the investments altogether were able to generate over 40,000 jobs for the people and residents of Ogun.
Abiodun expressed his optimism that the newly inaugurated Ogun State Investment and Facilitation Agency would promote the state and present it to investors both locally and internationally.
He added that the Agency would strengthen the governance, thereby helping the state attract more investment and further diversify the state economy.
The governor said that the primary responsibility of the Agency would be to make the state an investment of choice not only in the country, but in the entire Sub-Sahara Africa.
” This agency, its dream was preceded by the bill that was sent to the House of Assembly to give life to this agency which was passed on Friday, the 28th of September, 2019, that was barely four months into the life of this administration.
“Our administration through Oguninvest will continue to play the role of the enabler and facilitator to help the private sector grow, to create jobs and generate wealth for all in Ogun State.
“We have continued to reap bountiful harvest from our commitment as existing investments are thriving and new investments are being attracted. As at today, we’ve been able to attract 36 new investments into Ogun State worth over a billion United States dollars and generated an estimated of over 40,000 jobs since inception of Oguninvest,” he said.
The state helmsman who also noted that his administration has introduced a lot of tax reforms to ensure that the multiplicity of taxes was removed, added that his administration has also been able to successfully digitize a lot of its payment processes.
The governor added that his administration is committed to the growth of the state’s industrial sector, disclosing that his administration would begin the construction of the Special Agro Processing Zone with the ground breaking of the zone on the 4th of November, 2022.
In his remarks, the Commissioner for Finance and the Chief Economic Adviser to the Governor, Dapo Okubadejo who noted that the mandate of the Board is to market the state as the preferred destination of choice by creating a stress free enabling environment for investors, added that the establishment of the Economic Development Clusters would add value and also create value chain optimization opportunity within the state.
Okubadejo also noted that the Board would be embarking on proactive marketing to show the potentials of the state as the preferred investment destination by undertaking initiatives such as road shows and select investor meetings, adding that the introduction of a one stop shop approach by the present administration has made it possible for investors to cut through all bottlenecks.
The Commissioner for Industry, Trade and Investment; Kikelomo Longe, reiterated that the Board would enhance the entire value chain, pointing out that ‘the inauguration is the beginning of great things to come for the state”.
The Director General of the Ogun State Investment and Facilitation Agency, Olakunle Amoo, in his remarks, said that the state has a wealth of advantages, adding that ‘what the present administration is simply doing is to drill down to make that government can actualize them with the infrastructure investment”.
The newly inaugurated agency has Governor Abiodun as the chairman. Other members include the commissioner for Finance and the Chief Economic Adviser to the Governor, Dapo Okubadejo; Commissioner for Budget and Planning, Olaolu Olabimtan; Commissioner for Agriculture, Dr. Adeola Odedina; Commissioner for Physical Planning and Urban Development, Tunji Odunlami; Commissioner for Local Government and Chieftaincy Affairs, Ganiyu Hamzat; Commissioner for Education, Science and Technology, Prof. Abayomi Arigbabu; Commissioner for Justice, Shina Akingbade; Commissioner for Housing; Jamiu Omoniyi, Director General, Bureau of Lands; President, Ogun State Chambers of Commerce and Industry, Mines and Agriculture; Engr. Mike Akingbade and four other private sector nominees as board members, while the Director General of OGUN INVEST, Olakunle Amoo will serve as the board secretary.
More than ₦3 billion was targeted, but about ₦677 million reached the culprits, with recovery and prosecutions underway, reflecting how banks are responding to more sophisticated fraud risks.
Nigeria’s expanding digital banking sector is facing increasingly sophisticated fraud attempts, as financial institutions adapt to faster transactions and broader online services.
A recent case involving First City Monument Bank (FCMB), linked to fraudulent activity detected in December 2025, has drawn attention to how banks are responding to such incidents, with a focus on limiting exposure, recovering funds and working with law enforcement.
According to findings referenced in proceedings before the Lagos State Special Offences Court, the incident involved unauthorised transactions tied to a digital product. Early reports erroneously suggested more than ₦3 billion was lost. Subsequent clarification shows that over ₦3 billion was targeted, ₦2.4 billion was blocked and recovered, while ₦677 million got into the possession of the culprits. This outcome reflects the bank’s cyber security and monitoring capabilities, as well as improved collaboration among regulated financial institutions and with law enforcement agencies. Several suspects and beneficiaries have been apprehended, while recovery and prosecution efforts are ongoing, led by the Economic and Financial Crimes Commission (EFCC).
Proceedings at the Lagos State Special Offences Court have resulted in convictions, including that of a repeat offender, with restitution orders issued. Related matters are also being handled at the Federal High Court in Lagos, where additional suspects are being tried in connection with the scheme. This process is aimed at ensuring that bad actors are identified and permanently blacklisted from the financial system.
Authorities say recovery efforts are continuing as additional funds are traced.
Analysts note that the pace of legal action reflects closer coordination between financial institutions and enforcement agencies in addressing cyber-related financial crime.
The case comes as banks contend with more complex fraud methods, including social engineering and automated exploitation of system processes.
As digital products and platforms expand, so too does the risk associated with cyber-crime and related fraud.
“The scale of digital banking means risks are evolving alongside the systems,” said a Lagos-based financial analyst. “Institutions are now judged by how they manage these events.”
Observers say the sector is moving toward a stronger focus on response and recovery, rather than prevention alone.
This includes improving monitoring capabilities, strengthening transaction controls and enhancing collaboration with regulators and law enforcement. The FCMB case, with limited exposure relative to the amount targeted and ongoing recovery, reflects that shift.
For customers, the primary concern is the safety of their funds. In this case, there has been no indication of losses affecting customer deposits. Maintaining that level of protection remains central to sustaining trust in the financial system.
Nigeria’s financial sector continues to grow, supported by digital innovation and expanding access to banking services.
However, analysts say fraud attempts are likely to persist as systems become more complex and interconnected.
They say institutions will increasingly be judged not only on their ability to prevent incidents, but on how effectively they respond and recover when they occur.
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Ex-APC Deputy Guber flag bearer, Joshua MacIver backs Tinubu, express fears over implosion in Bayelsa APC
….congratulates new State Party Chairman, Warman Ogoriba
APC Deputy Governorship Candidate in the 2023 general elections in Bayelsa State, Great Joshua MacIver has declared his total commitment to the re-election of President Bola Tinubu come 2027, declaring that the Tinubu re-election project is non-negotiable.
Great Joshua MacIver, in his statement titled ” BAYELSA APC CONGRESSES: GOING FORWARD, A CALL TO LOOK INWARDS” and made available to newsmen in Yenagoa, warned APC leaders in the state to look Inward and take note of certain factors which may hinder or cut short our victory.
According to Great Joshua MacIver, such noticeable pitfalls include the imbalance in the united front being put up by the State Governor,Senator Douye Diri among various political blocs in the state.
In the statement issued at the weekend. Great Joshua MacIver stated that “First, before His Excellency, Senator Douye Diri, joined the APC in the state, there were clearly two political blocs that made up the party, with the approximate population ratios of the blocs standing at 95% to 5%.”
“After the entrance of His Excellency, Senator Douye Diri, ONLY THE SMALLER BLOC IS BEING CARRIED ALONG IN THE AFFAIRS OF THE PARTY, leaving the greater percentage to their fate, and this situation has the potential to build anger and dissatisfaction in our dear party.”
” The consequence of this has been the high level defection we have witnessed in the party recently and we believe more may likely follow, if we do not put our house in order.”
” If we do not pull together as a party, we may witness a situation where we will lose key stakeholders, especially after the State and National Assembly Primaries as well the Gubernatorial Primaries.”
“Finally, while it is very clear that we are the party to beat in the 2027 elections and that our loyalty to Mr. President IS NON-NEGOTIABLE, we must make haste to say that we cannot afford to create situations or loopholes in our unity which will be exploited by other political interests in the state. We cannot afford to under-rate anyone.”
“Our core interest remains the re-election of Mr. President, a project to which we have committed our all. We also pledge our total loyalty to the party as we have no alternative to the APC. However, our concern is that we must, as a party, look inwards and ensure that we do not create loopholes that can impede our common goal.”
Great Joshua MacIver, however congratulated the newly elected State Executives of the APC in Bayelsà State led by Hon. Warman Ogoriba, saying their emergence is welcomed at this critical time in our national history.
At least 23 people were killed in a series of suspected suicide bombings, police in Nigeria’s northeastern city of Maiduguri said on Tuesday.
https://www.stanbicibtcbank.com/nigeriabank/personal/products-and-services/all-loans/stanbic-ibtc-mreif-home-loans
More than 100 other people were injured in the blasts that took place on Monday evening in the capital of Nigeria’s restive Borno state.
No group has claimed responsibility for the suspected attacks.
The deadly blasts come after a military post was attacked overnight Sunday to Monday, which authorities blamed on suspected Islamist militants.
This sad incident is coming barely two weeks after Primate Elijah Ayodele, the Leader of INRI Evangelical Spiritual Church specifically warned against attacks in some states. He mentioned these states while calling on security operatives to pay close attention to them.
These were his words:
“Another attack is coming up in these following states where the military must watch carefully and intelligently; Kano, Kaduna, Zamfara, Kebbi, Niger, Borno, Kwara and Kogi state. They want to do a deadly attack, it’s preventable but it depends on how they will handle it. I have told you about the danger coming up.”
@primateayodele
Unfortunately, some of our military agencies don’t believe spiritual intelligence can save the country from so much danger hence, their neglect of this prophetic warning but now, it has been fulfilled with the miliary losing credibility by the day while Primate Ayodele continues to gain momentum.
Likewise, At least 26 passengers and crew sustained varying degrees of injuries on Monday following an accident involving the Kaduna–Abuja train, according to the Nigerian Railway Corporation (NRC).
Opeifa explained that the train departed Rigasa in Kaduna at 7:15 a.m. and was approaching Asham station around 9:16 a.m. when a loud bang was heard after the power car and trailing locomotive collided with one of the passenger coaches.
In July 2025, Primate Ayodele asked nigerians to pray not to see train mishap on the Kaduna-Abuja route.
@primateayodele #nigeriantiktok🇳🇬 #fulfillment #train #abuja #primateayodele
“Let’s pray not to see train mishap in Abuja-Kaduna, Kaduna-Abuja route.”
This has also been fulfilled.
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