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

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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.

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“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.

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Kano State Approves Over ₦600 Million for Settlement of Electricity Bills,Other Projects 

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Kano State Government has approved the sum of ₦608,394,370.49 for the settlement of electricity bills owed to the Kano Electricity Distribution Company (KEDCO) for five major water treatment plants covering November and December 2025.

 

 

This was disclosed by the State Commissioner for Information, Comrade Ibrahim Abdullahi Waiya, while briefing journalists on the outcome of the 38th Executive Council meeting presided over by Governor Abba Kabir Yusuf at the Government House.

Waiya explained that the council’s decision was part of broader commitments to improve infrastructure, strengthen public services, and enhance socio-economic development across the state. According to him, “After exhaustive discussions, the Council approved several projects and commitments aimed at improving infrastructure, strengthening public services, empowering citizens and enhancing socio-economic development across Kano State.” He noted that the total approvals amounted to ₦310,266,203,046, cutting across key sectors of governance.

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In the education sector, Waiya revealed that the council approved ₦238,020,000 for the purchase of UTME (JAMB) forms to be distributed to eligible candidates across the state. He added that ₦1.54 billion was also approved for the settlement of funds to boarding school suppliers to cover a six-week feeding period. “The Council also approved ₦236,198,174.08 for the settlement of outstanding payments for eggs and chickens supplied to boarding schools across the State,” Waiya stated.

On infrastructure, the Commissioner announced that ₦13.2 billion was approved for the implementation of 2026 constituency projects across the state. He further disclosed that ₦2.9 billion was approved for the reconstruction of Race Course Extension to Audu Bako Way, Alu Avenue, and Commandant Close off Race Course Road in Nassarawa Local Government Area. “Approval was also granted for the rehabilitation and overlay of the Gidan Malam Aminu Kano–Tal’udu–Gadonkaya–Yahaya Gusau–Sharada Road at the cost of ₦1.67 billion,” he said.

Waiya also highlighted approvals in the health sector, including ₦89,710,080 for the procurement of four dialysis machines for the Abubakar Imam Urology Centre and ₦165,637,550 for dental equipment and materials. He stressed that these interventions were aimed at strengthening healthcare delivery in the state.

In the housing sector, the Commissioner announced a major approval of ₦113.19 billion for the construction of a mass housing scheme comprising 480 houses at Rijiyar Gwan-Gwan, tagged “Gida Gida Mega City.” He added that ₦1 billion was also approved for the establishment of an Emergency Operations Management Centre at the Government House.

Other notable approvals included ₦1.34 billion for the 2026 Ramadan Feeding Programme under the Ministry of Religious Affairs, ₦1.7 billion as compensation to households affected by the Transmission Company of Nigeria’s 330KVA transmission line project, and ₦210 million for the production of 10 million seedlings for the 2026 Annual Tree Planting Campaign.

Waiya concluded by emphasizing that the approvals reflect the government’s commitment to sustainable development and improved service delivery. “These approvals and policy decisions clearly demonstrate the commitment of the Kano State Government under the leadership of His Excellency to sustainable development, improved service delivery and the overall wellbeing of the people of Kano State,” he said.

 

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Tinubu, Service Chiefs Brainstorm Over Deteriorating Security in North-East

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By Yusuf Danjuma Yunusa

President Bola Tinubu on Thursday convened a nearly two-hour security meeting with service chiefs at the Presidential Villa, Abuja, marking the first of such gathering since Tunji Disu assumed office as Inspector-General of Police.

The security chiefs, who arrived at the Villa without their usual official vehicles, making identification difficult, departed the premises at approximately 5:10pm after extensive deliberations with the President.

The service chiefs and the IG were identified by newsmen present at the Villa as they left the forecourt following the closed-door meeting.

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The session comes amid heightened security concerns across the country, particularly the recent killings of military commanding officers in various theatres of operation.

In the past week alone, the military lost at least three commanding officers in charge of forward operating bases following a surge in attacks on security formations and personnel, especially in the North-East where Boko Haram and Islamic State West Africa Province insurgents have intensified assaults on military positions.

Notable among recent incidents was the attack on Ngoshe in Borno State, which resulted in abductions, as well as separate assaults on Konduga, Marte, Jakana, and Mainok, all in Borno State.

The attacks prompted responses from both President Tinubu and Vice President Kashim Shettima, who vowed to deploy overwhelming force to end the insurgency.

As of the time of filing this report, details of the discussions at the security meeting had not been disclosed to the media.

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Ex-Sokoto Governor Tambuwal Officially Joins ADC

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By Yusuf Danjuma Yunusa

Senator Aminu Tambuwal, a former Governor of Sokoto State, has officially resigned his membership from the Peoples Democratic Party (PDP), attributing his departure to the party’s deepening internal crises. He has subsequently joined the African Democratic Congress (ADC).

Tambuwal, who currently represents Sokoto South in the Senate, formalized his resignation in a letter dated March 11, 2026, addressed to the PDP ward chairman in his Tambuwal/Shinfiri Ward, Tambuwal Local Government Area. The contents of the letter were made public on Thursday.

In the correspondence, the former Speaker of the House of Representatives explained that the decision was the result of extensive deliberations with his political network. “After deep reflection and extensive consultations with my political associates and supporters, I have decided to resign my membership of the Peoples Democratic Party with immediate effect,” the letter stated.

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He pointed to the party’s ongoing instability as the primary reason for his exit. “The persistent internal crises, leadership disagreements and growing divisions within the party have made it increasingly difficult for me to continue my membership,” Tambuwal wrote.

While severing ties with the PDP, Tambuwal acknowledged the platform the party provided for his political career. “I remain grateful to the party for the platform it provided me to serve Nigeria as Speaker of the House of Representatives and later as Governor of Sokoto State,” he noted.

Confirming his immediate switch to the ADC, Tambuwal said he is joined by his associates and supporters. He framed the move as a pursuit of a more principled and credible political vehicle. “My decision is guided by the conviction that Nigeria requires a stronger political platform built on integrity, accountability, inclusiveness and a clear commitment to national development,” he added.

Tambuwal’s political career has been marked by significant shifts. He served as Speaker of the House of Representatives from 2011 to 2015 under the PDP before crossing over to the All Progressives Congress (APC) to successfully run for Governor of Sokoto State in 2015. In a dramatic move later that same year, he defected back to the PDP, under whose banner he won a second gubernatorial term in 2019.

Following the conclusion of his second term as governor in 2023, he was elected to the Senate. His latest defection to the ADC is poised to reshape the political landscape in Sokoto State, where he remains a highly influential figure.

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