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WIKE, ABUJA INVESTMENT COMPANY LIMITED AND DEVELOPMENT OF THE FEDERAL CAPITAL TERRITORY.

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Since the 21st of August 2023, when Chief Nyesom Wike resumed office as the Hon Minister of the FCT, Abuja has not been the same. The FCT has become once more a big construction site with road works causing diversions and attendant traffic jam. The citizens of Abuja definitely see and feel the arrival of Mr. Project as he is fondly called by adversaries and admirers. Abuja is changing just as Port Harcourt changed. I have met with Nyesom Wike and he touched my life on our first meeting without asking for anything in return. I owe him advise based on my experience.

All stakeholders to the FCT have the obligation to rally round Mr. Project to succeed in his avowed task of retaining Abuja’s Master plan, secure the FCT and tackle the problem of land grabbing amongst other challenges of the FCT.

Among the stakeholders, the staff of the Ministries, Parastatal Agencies and companies in the FCT make up the engine room to facilitate and actualize this objective. Of all of them, Abuja Investment Company Limited is at the heart of the engine room. Reason being that development and administration costs a lot of money and resources. The State of our economy and the lean resources has even made it more difficult than ever before. Inflation has raised the cost of development and resources to the highest level ever. Meanwhile, insecurity across Nigeria has forced Abuja to grow beyond the original target of about 3 million to well over 7 million people with the attendant pressure on infrastructure.

This is where AICL Abuja Investment Company limited comes in. Abuja Investment Company limited AICL is a Nigeria Development and Investments company of the Federal Capital Territory for the Federal Capital Territory Administration FCTA. It provides investments for the economic development for Federal Capital Territory region in Nigeria. It is the Flagship Investment and holding company for the FCT.

Abuja Investment company Ltd is an investment company with the mission to develop Abuja into a world class city using private sector funds from local and foreign sources. It’s the landing pad for investors seeking to invest in Abuja without the bottleneck and bureaucracy of the Civil Service. It serves as a nursery for development and investment of ideas and processes for investors. It takes care of teething problems faced by investors with investible funds by saving time and

irritating bottlenecks. So, the investor comes in and hit the ground running. In football AICL is the midfield, the engine room that creates the move and gives the attacker the through pass to score the goal.
The need for AICL has become even more profound today because there is need for a trillion United States Dollars to develop Abuja into a world class city like London, Singapore, Dubai or New York.
However, Mr. Project has to rely on a budget of 1 trillion Naira to do the magic. That is impossible, AICL has to step in by bridging the gap between the FCTA and the investors who have these funds in Abuja, Lagos, New York, Frankfort, London, Dubai, Qatar and Singapore to come down to Macedonia and help us.

A foreign investor in Dubai understands the language spoken at AICL more than that spoken at the ministry because of time constraints. He comes in a private jet or first- class ticket and has 48 hours to tie up a deal to inject USD 100 million to build an ultra-modern 7-star hospital or build a USD 20 million world class abattoir. He may be interested in investing USD 4 billion to set up modern Dubai type of urban transit system integrated with Digital Security System to make committing pleasurable, safe and reduce crime to the barest minimum.

AICL should be able to sort out all issues of land with the ministry, permits with Government MDA’s, feasibility and viability reports and insolate these investors from the harsh and rudimentary economic environment. Doing this attracts that fund for the benefit of Abuja stakeholders thereby saving our hard-working minister the stress of looking for resources but concentrate on administration of the FCT.

Mr. Project needs his match at Abuja Investments Company Ltd. I wish Mr. Project a successful tenure.

Hon. Osita Opara is the immediate past chairman of Investment and Strategy Committees of the Board of Abuja Investment Company Ltd.
He is a serial Entrepreneur; An Investment Banker; A development Enthusiasts.

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‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain

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By Emmanuel Kuza

A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.

Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.

According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.

“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.

He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.

“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.

The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.

Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.

“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.

He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.

“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.

Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.

He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu

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200 widows benefit from empowerment outreach in Plateau

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By Israel Adamu, Jos 

 Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.

The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.

The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.

She stressed that the outreach was not a political programme but an expression of love and support for humanity.

Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.

“This is simply an expression of compassion and love for humanity. It is not a political programme.

“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”

Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.

Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.

At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash

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SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance

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By Francis Wilfred 

The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.

They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026

The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.

Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.

Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations

He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector

“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.

In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.

The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.

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