Connect with us

News

Geo-Fluids Charts Bold Comeback, Rebrands for Bitumen and Solid Minerals Future

Published

on

 

Strong resolutions aimed at reviving Geo- Fluids Plc, a company that has been dormant for more than a decade dominated discussions at the Annual General Meeting (AGM) held in Abuja, as shareholders and board members charted a new strategic direction focused on bitumen exploration, solid minerals, and broader extractive opportunities.

Speaking at the meeting, former Minister of state for solid minerals, Abubakar Bawa Bwari expressed confidence that the company was on the path to recovery, citing the pedigree and experience of its leadership.

He said the priority going forward is to “bring the company back to life,” ensure seamless operations, and ultimately restore value to shareholders.

“With the calibre of people on the board and the pedigree of our chairman, expectations are understandably high,” Buhari said.

“To whom much is given, much is expected. Our responsibility is to bring cheers to our shareholders and advise government appropriately to support the sector.”

A major highlight of the AGM was the company’s renewed focus on bitumen exploration in Ondo State, which Buhari described as one of Africa’s richest bitumen belts. According to him, Ondo hosts some of the largest and most accessible bitumen deposits on the continent, with reliable geological data significantly reducing exploration risks.

Advert

“Ondo is very rich in bitumen, among the best deposits in Africa and indeed globally,” he said. “With the commitment being shown by the chairman, extensive exploration will take place. I encourage Nigerians to invest in bitumen production, though it requires patience and substantial capital.”

Former Minister of Power and Steel, Murtala Aliyu, said the resolutions adopted at the AGM were deliberately designed to resuscitate the company and reposition it for growth after years of inactivity.

“The company has been down for over a decade. What we have done today is to wake it up and place it on the right pedestal,” Aliyu said.

He explained that the company’s rebranding and restructuring, including the adoption of a new group identity, was informed by its expansion beyond oil servicing. According to him, the new structure allows for diversified operations in bitumen refining, other petroleum derivatives, and solid minerals such as lithium.

“We are no longer limiting ourselves to oil servicing,” he said. “We want to explore and exploit bitumen, refine it into usable products, and also venture into other mining sectors. That is why we now have different groups under one umbrella.”

Aliyu also addressed the challenge of illegal mining in Nigeria, noting that it is a global issue that requires country-specific solutions based on effective regulation and enforcement.

On his part, Suleiman Hassan, a former Minister of Environment and board member, said the company’s reorganization would enable it to participate fully in the exploration, exploitation, and marketing of bitumen and related products.

“We are resuscitating the company and repositioning it to play a more active role in the extractive industry,” Hassan said.

He stressed that environmental protection remains a core priority, particularly in the context of climate change and growing global concerns about environmental degradation.

“That is why people with environmental expertise are on the board,” Hassan said. “Before any activity begins, strict guidelines will be followed to prevent pollution, protect host communities, and ensure emergency response mechanisms are in place.”

The AGM ended with optimism among shareholders that the new resolutions, leadership drive, and strategic focus on bitumen and solid minerals could mark a turning point for the company and contribute meaningfully to Nigeria’s resource diversification agenda.

News

President Tinubu Names New Petroleum Institute After Late Gen Shehu Musa Yar’adua

Published

on

 

By Yusuf Danjuma Yunusa

President Bola Tinubu has approved the establishment of a new university in Kaduna State and named it after Late General Shehu Musa Yar’Adua, to the honour the former Chief of  Staff Supreme Headquarters (equivalent to Vice President)as part of activities marking Nigeria’s 2026 Democracy Day celebration on June 12.

The President announced the decision on Friday during his Democracy Day nationwide broadcast that the Federal Government had approved the revitalisation and renaming of the completed Institute of Petroleum Studies, Kaduna, as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology.

Tinubu said the decision was taken in recognition of Yar’Adua’s contributions to Nigeria’s democratic development and his vision of national unity and partnership.

The late General Shehu Musa Yar’Adua, an older brother of late President Umaru Musa Yar’Adua, was one of the political gladiators in the aborted Third Republic and advocate of June 12, 1993 presidential election actualisation.

Advert

“Among the architects of modern democratic Nigeria, we honour General Shehu Musa Yar’Adua for his vision of national partnership,” the President said.

“In recognition of his contributions, the Federal Government has approved the revitalisation and renaming of the completed Institute of Petroleum Studies, Kaduna, as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology,” Tinubu declared.

The President paid tribute to other prominent figures, living and dead, who played significant roles in Nigeria’s struggle for democracy.

He described June 12 as a defining moment in Nigeria’s history and remembered several heroes of the democratic movement, including late Shehu Musa Yar’Adua, whom he said helped lay the foundation for the freedoms Nigerians enjoy today.

Tinubu noted that the country owed a debt of gratitude to patriots who endured persecution, imprisonment, exile and even death in the fight for democratic governance.

He also announced national honours for dozens of pro-democracy activists, journalists, lawyers, politicians and military officers who, according to him, suffered persecution and incarceration during the struggle to restore democratic rule in Nigeria.

Among those recognised were Arthur Nwankwo, Mrs Joe Okei-Odumakin, Richard Akinnola, Ishola Williams and several military officers who participated in the June 12 democratic struggle.

Tinubu said the full honours list would be released in the coming days.

Reflecting on Nigeria’s democratic journey, the President said the country has enjoyed 27 uninterrupted years of civilian rule since 1999, describing it as the longest stretch of democratic governance in the nation’s history.

He urged Nigerians to remain united and committed to strengthening democratic institutions, stressing that the sacrifices of the nation’s heroes must not be in vain.

“The generation of our founding fathers secured independence the generation of June 12 secured democracy. Our generation must secure prosperity,” Tinubu said.

The President expressed optimism about Nigeria’s future, saying democracy must translate into improved living standards, economic opportunities and security for all citizens.

Continue Reading

News

We Could Only Watch Helplessly’ — Kano Traders Recount Horror of Market Inferno

Published

on

 

A fire incident has destroyed a popular home appliances and office furniture market located along Murtala Mohammed Way in Kano, leaving traders counting losses running into millions of naira.

It was gathered that the fire broke out at about 10:00 p.m. on Thursday and rapidly spread across the market, engulfing shops and their contents before firefighters could bring the situation under control.

Eyewitnesses said the fire consumed a large section of the market, reducing valuable goods and property to ashes.

One of the affected traders, who spoke to newsmen, described the incident as a major disaster for business owners operating in the market.

Advert

According to him, the fire completely gutted several shops, destroying goods worth millions of naira.

“The cause of the fire is yet to be determined. We could only watch helplessly as officials of the Kano State Fire Service battled to contain the inferno,” the trader said.

He further disclosed that the fire extended to a nearby building occupied by the international courier company, DHL, where part of the roof was damaged by the flames.

The affected market, located between the DHL office and First City Monument Bank (FCMB) along Murtala Mohammed Way, is widely known for the sale of household and office furnishing items, including furniture, carpets, air conditioners, refrigerators, mattresses, televisions and other interior decoration materials.

As of the time of filing this report, the exact cause of the fire had not been officially established, while authorities were yet to provide an estimate of the total value of property destroyed.

Traders affected by the incident have appealed to the government and relevant authorities for support as they begin to assess the extent of their losses and rebuild their businesses.

Continue Reading

News

Northern Youths Hail National Assembly’s Approval of State Police, Describe Move as Landmark Security Reform

Published

on

 

The Northern Youth Assembly (NYA) has commended the National Assembly for its approval of the constitutional amendment bill seeking to establish State Police across Nigeria, describing the development as a landmark step toward addressing the country’s persistent security challenges.

In a statement signed by its Secretary General, Abdulhafiz Garba, the group said the overwhelming support for the bill by federal lawmakers reflects a growing national consensus on the need to strengthen security through a more decentralized and community-focused policing system.

According to the assembly, the endorsement of the bill by 289 legislators, with only four voting against it, demonstrates the urgency attached to security reforms and the recognition that local communities must play a more active role in maintaining peace and order.

The group noted that insecurity has remained one of the most pressing concerns across Northern Nigeria, where communities have grappled with banditry, kidnapping, terrorism, cattle rustling, and communal conflicts. These challenges, it said, have disrupted economic activities, displaced families, and undermined social stability across the region.

The NYA argued that while officers of the Nigeria Police Force have continued to make sacrifices in the line of duty, the existing centralized policing structure has struggled to adequately respond to the country’s complex and evolving security threats due to Nigeria’s vast population and geographical size.

Advert

It maintained that the creation of State Police would provide an additional layer of security by enabling state governments to establish law enforcement agencies capable of responding swiftly to local challenges while complementing federal security institutions.

The assembly highlighted intelligence gathering as one of the major advantages of the proposed reform. It explained that security personnel recruited from local communities would possess deeper knowledge of the language, culture, terrain, and social environment of their states, making it easier to detect criminal activities and prevent threats before they escalate.

The group further stated that decentralized policing would improve emergency response times, as state-controlled police formations would be able to act promptly without waiting for instructions from distant command structures.

Beyond security, the Northern Youth Assembly said the reform could create significant employment opportunities for young people. It noted that recruitment into state police services would provide jobs for thousands of youths while helping to reduce unemployment and strengthen community engagement.

According to the organization, improved security would also encourage investment, boost agricultural production, revive local economies, and facilitate safer movement of goods and people across Northern Nigeria.

The group pointed to several countries operating successful decentralized policing systems, including the United States, Canada, Australia, and Germany. It argued that these examples demonstrate that state-based policing structures can coexist with federal law enforcement agencies without undermining national unity.

Rather than weakening the federation, the assembly said decentralized policing has proven effective in enhancing accountability, improving public safety, and ensuring more responsive governance in many democratic nations.

Describing the passage of the bill as a historic moment, the NYA said the reform offers renewed hope for communities affected by insecurity and represents a significant step toward building a safer and more prosperous Nigeria.

The organization pledged its continued support for policies aimed at promoting peace, security, youth empowerment, economic development, and national unity, while urging relevant stakeholders to ensure the successful implementation of the proposed State Police framework once it becomes law.

 

Continue Reading

Trending