News
Revealed! Suspicious Multi-Billion Naira Contracts By Ex-Imo Gov, Okorocha (Pictures)
Rochas Okorocha, former governor of Imo state, awarded 12 contracts worth N20 billion to Zigreat International Company Limited between November 15, 2013, and November 3, 2017, TheCable can report.
Documents obtained by TheCable showed that the contracts were awarded to this company in violation of the public procurement act.
TheCable understands that in 2010, the administration of Ikedi Ohakim, a former governor, modelled the procurement act of the state after that of the federal government.
The act says to bid for contracts, a company needs to present three years tax clearance, audited accounts, evidence of work experience as the main contractor executing or having executed a minimum of four (4) projects of similar complexity, evidence of possession of relevant machinery and equipment and scanned copies of certificates of technical/professional staff of the company.
Okorocha and Vice-President Yemi Osinbajo at the site where ‘Akachi’ tower was constructed.But Zigreat International Company Limited, which had no functional website as of the time this report was filed, got its first contract from Okorocha’s government three months after it registered at the Corporate Affairs Commission (CAC). The former government in Imo had awarded a N700 million contract to it for the construction of a tower.
All the contracts awarded by Okorocha’s government were signed by Paschal Obi, then principal secretary to the governor. Obi is now the member representing Ideato north and Ideato south in the house of representatives.
N683 million was awarded for the construction of this project: Community Hospital, Ogboko
The first contract, construction of “Akachi”, an Igbo term which translates as “The Hand of God”, in Owerri, the state capital, was awarded for N700 million. In a letter dated November 15, 2013, his administration told Zigreat that 25 percent of N700 million would be made available as mobilisation fee.
“I am directed to refer to your quotation of the above contract and to convey His Excellency’s approval that your company Zigreat Intl. Coy. Ltd. undertakes the contract for the Construction of Akachi (Hand of God) at a total contract sum of #700,000,000.00 (Seven Hundred Million Naira) Only,” the letter read.
Building of office blocks for ministry of sports wasn’t completed before Okorocha left office. N690 million was awarded for the project.
“In line with Government Policy on contracts, you are requested to indicate acceptance in writing without delay. You should report to the Principal Secretary to the Governor, Government House, Owerri for details and signing of Contract Agreement, please.”
The ex-governor also approved N683 million for the construction of Community Health Hospital in Ogboko, his hometown in Ideato local government area. Till date, the hospital is in a derelict state.
Also awarded was over N689 million contract for the office blocks of the ministry of happiness headed by Ogechi Ololo, Okorocha’s sister. N5.9 billion was awarded for the construction of police headquarters, phase 1, Owerri and N4.3 billion for the construction of police headquarters, phase 2, Owerri.
Although N3.7 billion was approved for this project in 2017, University of Imo State University of Agriculture and Environment in Aboh/Ngokpala, was still under construction when Okorocha handed over.
Below are the details of other contracts awarded between 2016 and 2017:
Construction of Imo State University of Agriculture and Environment in Aboh/Ngokpala, N3.7 billion.
Reconstruction of sub-treasury building for conversion to government house clinic, N210 million.
Some of the contracts were not completed before the end of the former governor’s tenure in 2019.
Asked to react to the manner that the contracts were awarded, Sam Onwuemedo, spokesman of the former governor, said the most important thing was that the contracts were executed.
He said with over 1000 projects, Okorocha, whom he described as a hero, should be honoured.
“Okorocha has more than 1000 projects in the state, even if trillions of naira were spent on those project, that’s justifiable because the man has worked. The most important thing is whether the contracts were executed or not, if you are a contractor and I know you can give me what I want without running away with my money, I will give you the contract,” he said.
“The issue should be was the job done? If the job was done, then it’s left for those who are financial experts to know whether the price budgeted for it was commensurate with what was delivered. You give a job to person that will perform or a company that is not registered. If a company is registered and bid for a job and the job is given, what’s criminal about it?”
Asked if Zigreat International Company Limited has any affiliation with Okorocha, the media aide said: “I’m not in a position to answer that.”
Okorocha, the incumbent senator representing Imo west, is currently under investigation by the Economic and Financial Crimes Commission (EFCC).
Last week, the anti-graft agency seized some properties allegedly traced to him in Imo. They include schools, a hotel, hospital, estate, supermarket and residential buildings.












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Headline
Tinubu Sends Emissary To Plateau Over Insecurity
President Tinubu has dispatched an emissary, Dr Abiodun Essiet, to Plateau State, as part of his administration’s efforts to curb incessant communal crises, farmers/herders clashes, as well as foster intercommunal harmony in Plateau State.
This was disclosed in a statement on Sunday by Special Adviser to the President on Information and Strategy, Bayo Onanuga.
Essiet, a Senior Special Assistant on Community Engagement in the North Central Zone, was in the state on Thursday, where she spent two days.
She met Christian clerics and Fulani Miyetti Allah community leaders.
According to the statement, the efforts also culminated in a town hall meeting in Jos. It further stated that delegates from various local government areas, traditional rulers, women, and youth leaders gathered to discuss ways to strengthen community-based peace structures and promote coexistence among diverse communities.
“Essiet paid a courtesy visit to Reverend Ezekiel Dachomo, Chairman of the Regional Church Council (RCC), in Barkin Ladi, where discussions centred on faith-based leadership and its role in promoting peace, unity, and social development,” Onanuga stated.
“Along with Dachomo, she addressed some widows and conveyed President Tinubu’s message of fostering ethnic reconciliation in the state. Dachomo has been the loudest voice of Christian communities in the state.”
She also met with Fulani leaders in Barkin Ladi to foster dialogue and mutual understanding between pastoral and farming communities, reaffirming the Federal Government’s commitment to inclusive engagement.
“Later in the day, she conducted a workshop on establishing a community peace structure for the 17 Local Government Areas in Jos,” the statement added.
“Dr Essiet also held a closed-door meeting with the Irigwe community, the Miyetti Allah group, and representatives from the Youth Council of Bassa LGA.
“They focused on sustaining peace and discussed how the 17-member peace committee strengthens dialogue, reconciliation, and coexistence between the two communities.
“Dr Essiet reiterated President Bola Tinubu’s unwavering commitment to peace and inclusive governance, noting that the Community-Based Peace Structure serves as a key instrument for grassroots unity, dialogue, and long-term stability in the North Central region.
“A quick win in the peace efforts was the resolution of the conflict between David Toma, the owner of Agha Farm in Gyel district of Jos South and some herdsmen. Toma seized two cows following the destruction of his farm.
“On November 15, the MACBAN Chairman of BASSA LGA, Alhaji Isah Yau, paid a compensation of N500,000 to Toma, who subsequently released the cows. All parties signed an undertaking to embrace peace in the state,” it concluded.
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News
Lagos govt promises MSMEs continued visibility, market access
The Lagos State government has reaffirmed its unwavering commitment to supporting micro, small, and medium enterprises (MSMEs) across the state through visibility, capacity building, and market access.
Commissioner for Commerce, Cooperatives, Trade, and Investment, Folashade Ambrose-Medebem, made the pledge on Sunday at the closing ceremony of the 2025 Lagos International Trade Fair (LITF).
The 38th edition of the event, organised by the Lagos Chamber of Commerce and Industry (LCCI), had its theme as “Connecting Business, Creating Value.”
Ms Ambrose-Medebem said every entrepreneur, regardless of scale, deserves an enabling environment to thrive and contribute meaningfully to the state’s economic prosperity.
She said the state, through strategic investments in infrastructure, institutional reforms, and continuous engagement with the private sector, was building a Lagos that worked for business.
The commissioner added that the state would continue to foster innovation, competitiveness, and sustainability.
“As a government, we remain steadfast in our commitment to making Lagos the preferred destination for commerce and enterprise.
“This fair has once again demonstrated the power of connection: connection between producers and consumers, investors and innovators, the government and the private sector, and local entrepreneurs and global brands.
“Every handshake, every conversation, every business card exchanged here is a building block toward the future we are creating, a future of prosperity that leaves no one behind,” she said.
The commissioner urged businesses to continue to connect, collaborate, and create value, saying, “In Lagos, we do not just trade goods; we trade ideas, build futures, and transform lives.
“Together, let us continue to make Lagos not just a place of commerce, but a symbol of progress, innovation, and endless opportunity.”
Gabriel Idahosa, president of LCCI, urged governments at all levels to continue addressing the issues of creating an enabling environment in the country.
Mr Idahosa said focus should be on infrastructure, security, and implementing the right policies to address the key drivers of high inflation.
This, he said, was needed to fully harness the vast enterprising resources of domestic and foreign investors for the diversification of our economy and the welfare of our people.
He pledged the commitment of the organised private sector to stand solidly behind the state in its quest to actualise its innovative initiatives on all fronts.
(NAN)
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Business
Wale Edun reacts to S&P rating on Nigeria, vows to strengthen economy
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reacted to the decision of S&P Global Ratings to revise Nigeria’s outlook to Positive from Stable, saying that the government would continue to implement well-coordinated policies aimed at restoring macroeconomic stability.
The Minister, in a statement released on Saturday, said the upgrade, while affirming Nigeria’s long- and short-term ratings at ‘B-/B’, was a strong endorsement of the fiscal, monetary, and structural reforms being rolled out under President Bola Tinubu’s administration.
“I am delighted to receive the news that S&P Global Ratings has revised Nigeria’s outlook to Positive from Stable while affirming our ‘B-/B’ rating,” he said.
“This development is yet another clear signal that the difficult but necessary reforms we are undertaking are gaining traction and earning strong recognition from respected global institutions.”
Edun noted that with Moody’s and Fitch Ratings having earlier upgraded Nigeria’s credit position in the same year, all three major global ratings agencies now align in acknowledging the progress of the reforms.
“This alignment reflects tremendous confidence in the direction of our fiscal, monetary, and structural reforms, and in the renewed strength and stability of our economy,” he said.
The Minister highlighted that S&P’s decision echoed the agency’s recognition of improved growth prospects, strengthening external buffers, and clearer monetary policy outcomes, which are beginning to materialise as the reforms take hold.
“These positive signals reinforce our commitment to staying the course,” Edun added. “While we are fully aware that more work lies ahead, the foundations we are building today will support inclusive and sustainable growth for years to come.”
He commended President Tinubu for what he described as “unwavering leadership and political courage” in pushing reforms that had long been delayed and also acknowledged the resilience of Nigerians navigating the transition.
“We will continue to implement well-coordinated policies that restore macroeconomic stability, attract investment, and create opportunities for our citizens,” he assured.
“The confidence shown by global ratings agencies strengthens our resolve to deliver a stronger, more dynamic, and more prosperous Nigerian economy.”
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