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

ADC crisis rooted in legal process, not external influence — lawyers explain

Published

on

 

Two Nigerian lawyers, Inibehe Effiong and Bodunde Opeyemi, have offered detailed legal explanations of the ongoing leadership crisis within the African Democratic Congress (ADC), pointing to procedural decisions and binding court rulings as the root of the dispute.

Their interventions come amid growing public debate over the role of the electoral commission and speculation about possible political interference.

Mr Effiong, a public interest and human rights lawyer, criticised the legal approach taken by the faction led by former Senate President David Mark, describing it as procedurally questionable.
He said the Federal High Court did not issue any restraining order against the leadership, but instead directed that all parties be put on notice — a standard legal step requiring both sides to present their arguments.

According to him, the appropriate response would have been to contest the case at the trial court rather than file an interlocutory appeal.
“It became a motion on notice. They should have filed processes in opposition,” he said, adding that the decision to appeal at that stage was “unusual” and “untidy”.

He warned that pursuing further appeals could complicate the matter further instead of resolving it.

Advert

*Court ruling shapes situation*

Legal practitioner Mr Opeyemi traced the dispute to a leadership contest that followed a party meeting in July 2025, which produced a new executive.

The situation escalated when a party official challenged the process in court, asking the Federal High Court to stop both the new leadership and the electoral body from recognising the outcome.
While the court declined to grant an interim order, the case later reached the Court of Appeal.

In March 2026, the appellate court directed all parties to maintain the status quo ante bellum — meaning the situation must remain as it was before the case was filed.
Mr Opeyemi said this order is clear and binding.

“It requires a strict preservation of the state of affairs before the dispute,” he explained, adding that no party is allowed to take actions that could influence the outcome of the case.

Why the electoral body acted
The lawyers say this court order explains the position taken by the electoral commission, which has declined to recognise any faction of the party.

According to Mr Opeyemi, the commission is legally bound to comply with the directive and cannot take sides while the case is still before the court.
He said any attempt to recognise a leadership or engage with party activities under dispute could amount to a violation of a valid court order.

*Focus on internal legal process*

Both lawyers suggest that the situation is the result of internal disagreements and legal strategy within the party.
Their analysis indicates that the current impasse is being shaped by court processes rather than actions from outside the party.

The dispute is expected to remain unresolved until the Federal High Court delivers a final judgment on the substantive case.

Continue Reading

News

APC Dismisses ADC’s Claims, Calls Leadership Crisis ‘Self-Inflicted’

Published

on

 

By Yusuf Danjuma Yunusa

The All Progressives Congress (APC) has described the Independent National Electoral Commission’s (INEC) recent removal of the African Democratic Congress (ADC) National Working Committee (NWC) members from its portal as a problem entirely of the opposition party’s own making.

Speaking on News Central on Thursday, APC spokesperson Felix Morka rejected allegations that the ruling party was behind INEC’s decision to stop recognising David Mark as ADC national chairman and former governor Rauf Aregbesola as national secretary.

“We are only concerned about our level of preparation and the effort we are making. We’re concerned about ourselves. It is the opposition that is obsessed about what the APC does,” Morka said.

He added: “Even the most recent development that everyone is talking about—INEC’s decision to derecognise the David Mark executive—was utterly self-inflicted. The APC didn’t do that. We did not orchestrate the hijack of the ADC by that executive.”

Advert

INEC removed the Mark-led NWC from its portal on Wednesday, citing a March 12 ruling by the Court of Appeal. The commission also delisted the factional chairman, Nafiu Bala Gombe. INEC stated it would no longer recognise any factional activities until the Abuja Division of the Federal High Court resolves the party’s leadership dispute.

In response, the ADC, through its national publicity secretary Bolaji Abdullahi, accused the ruling party of hijacking its leadership and pressuring INEC to sack the Mark-led NWC. “The electoral body acted under pressure from a government panicked by the opposition momentum, despite its efforts to destroy all opposition parties and foist a one-party rule on Nigeria,” the ADC alleged.

Morka dismissed the accusation, arguing that INEC withdrew recognition from Mark and Aregbesola because they disregarded the ADC’s constitution and the rule of law.

“They did that, completely ignoring the rule of law and the party’s constitution on succession. When you parachute into a party and take over without following constitutional stipulations on leadership succession, this is the consequence,” he said.

“This was manufactured by the same people now complaining and pointing fingers at the APC. We are not concerned about all that.”

The leadership crisis in the ADC—a coalition of opposition politicians positioning to challenge President Bola Tinubu in the 2027 elections—began following the resignation of Ralph Nwosu as national chairman. David Mark was subsequently ratified as chairman, a move Gombe contested, arguing that he was entitled to the position under the party’s constitution.

Gombe then approached the Federal High Court in Abuja, challenging the legality of Mark’s leadership and seeking an order to stop the NWC members from parading themselves as party leaders.

Mark’s faction appealed to the Court of Appeal on December 18, 2025, arguing that the lower court lacked jurisdiction. However, the appellate court dismissed the appeal, allowing the case to proceed at the Federal High Court.

Continue Reading

News

INEC Dismisses Calls for Chairman’s Removal, Clarifies Voter Revalidation Decision

Published

on

 

By Yusuf Danjuma Yunusa

The Independent National Electoral Commission (INEC) has rejected mounting calls for the resignation or removal of its Chairman, Professor Joash Amupitan (SAN), while also moving to clarify what it termed widespread misconceptions about its planned nationwide voter revalidation exercise.

In a statement issued late Thursday in Abuja and signed by the Chairman’s Chief Press Secretary, Adedayo Oketola, the Commission said it was aware of “recent public statements by political actors alleging partisan bias” and demanding the Chairman’s removal over the Commission’s decision to obey a recent Court of Appeal judgment.

INEC acknowledged the right of stakeholders to voice their opinions, but stressed that its operations and leadership structure are constitutionally protected.

“It is imperative to clarify that INEC is a creation of the Constitution of the Federal Republic of Nigeria. The appointment, tenure, and removal of the Chairman and National Commissioners are strictly governed by Section 157 of the 1999 Constitution (as amended),” the statement read.

Advert

The Commission further underlined the independence of its leadership, noting that “the Chairman does not hold office at the pleasure of any political party or interest group.” It warned that “any call for removal outside the established constitutional process is not only a distraction but a direct assault on the independence of the nation’s electoral umpire.”

Explaining its compliance with the recent Court of Appeal judgment, INEC said the decision was necessary to avoid a repeat of past electoral crises. The Commission stated that it acted “to avert a situation that occurred in Zamfara State and Plateau State, where elected officials were removed by election tribunals on account of disobedience of court judgments.”

The Commission also clarified that monitoring the activities of the David Mark-led faction of the African Democratic Congress (ADC) would amount to disobedience of the court order. It added, “It was only on the 9th of September 2025 that INEC accepted and approved David Mark’s Exco, which was seven days after the matter was filed at the Federal High Court.”

Addressing allegations that it was undermining the multi-party system, INEC dismissed such claims, pointing to its recent registration and recognition of three political parties—the Democratic Leadership Alliance, the Nigeria Democratic Congress, and the National Democratic Party. This brings the total number of active political parties in the country to 22, which the Commission said demonstrates its neutrality.

Reaffirming the binding authority of appellate court rulings, INEC cited Section 287(2) of the 1999 Constitution, which “mandates every person and authority in Nigeria not only to obey the judgment of the Court of Appeal but also to enforce such judgment.”

Continue Reading

Trending