Connect with us

News

Polaris Bank partners Millwater on stable power delivery to industrial clusters

Published

on

Please Kindly Share This Story

Polaris Bank has expressed its commitment to partner with Millwater with the aim of delivering uninterrupted power supply to industrial clusters in Nigeria.

This objective of the project is to ensure accelerated industrialization drive of the current administration.

While giving the assurance on the sidelines of the recent Agbara Business Roundtable which held in Agbara, Ogun State, Polaris Bank’s Executive Director, Lagos & Corporate Banking, Chinwe Iloghalu who represented the Bank’s Managing Director/CEO, Adekunle Sonola, expressed the lender’s readiness to provide the required funding to Millwater, a Technical Partner of Niger Delta Power Holding Company (NDPHC) to make the Light Up Nigeria project, a reality.

Polaris Bank is the financial partner to Millwater Limited which is serving as a Special Purpose Vehicle (SPV) and partnering with NDPHC to deliver the Light Up Nigeria project of the federal government.

At the event, Vice President, Senator Kashim Shettima, while noting that Nigeria holds tremendous opportunities for not only investors, but also the people, restated Federal Government commitment to investors and industries to deliver adequate power supply across industrial clusters.

Shettima decried situation where industrial clusters like Agbara had to rely on other sources of power supply other than the national grid, and assured that the Federal Government through the Niger Delta Power Holding Company (NDPHC) is committed to ensuring that clusters like Agbara benefit from cheaper means of generating power in their various factories.

The Business Rountable which drew cream of the Nigerian society across different spectrum had the Ogun State Governor, Dapo Abiodun; Lagos Deputy Governor, Obafemi Hamzat; Minister for Power, Adebayo Adelabu and NDPHC CEO, Chiedu Ugbo all lauding the Light Up Initiatives of the present government which they reckon will fastrack Nigeria’s industrialization efforts.

Polaris Bank has been a strong partner in funding Nigeria’s energy players to deliver value to critical stakeholders and this project which is dear to the heart of the current administration, will not be an exception.

Recall Polaris Bank recently funded the delivery of a full cargo with an indigenous firm to the tune of N13bn, thus enabling the transportation of the 20,000 metric tonnes, or 27 million litres of petrol, to the country. The Bank’s support exemplified the pivotal role played by the financial institution to support the growth of the critical energy sector of the economy.

The event was to launch an initiative to ensure dedicated power supply to industrial clusters across the country, starting with Agbara Industrial Estate.

Polaris Bank, adjudged Digital Bank of the Year 2021 and 2022, is a future-determining Bank committed to the delivery of industry-defining products, and services, across all the sectors of the Nigerian economy.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Anambra again: Gunmen kill family of four in Nnewi

Published

on

Please Kindly Share This Story

A man, his wife and two children have been killed in one attack in Nnewi North Local Government Area of Anambra State.

The victims, identified as Ifeanyi Okeke and his family members, were shot dead in their home in the shocking incident.

According to eyewitnesses, the gunmen invaded the Okeke’s residence, shooting and killing Ifeanyi, his wife, and two of their children.

The motive behind the attack is yet to be ascertained, leaving many questions unanswered and sparking widespread fear and anxiety in the community.

The Anambra State Police Command has confirmed the incident and launched an investigation to unravel the circumstances surrounding the killings.

“We are investigating the incident and working to apprehend the perpetrators,” said the Police Public Relations Officer, DSP Tochukwu Ikenga.

The incident has sparked widespread condemnation, with many calling for increased security measures to protect lives and property in the state.

“This is a heinous crime, and we must work together to ensure that those responsible are brought to justice,” a community leader noted.

The community is in shock and mourning, with many residents paying tribute to the victims and expressing sympathy for their loved ones.

“We are shocked and saddened by this incident. We demand increased security measures to protect our lives and property,” said another resident.

 

 

Continue Reading

News

Gov Ododo: Kogi not under seige

Published

on

Please Kindly Share This Story

Governor Usman Ododo of Kogi State has reiterated its unwavering commitment to ensuring the safety and security of lives and property across the state, declaring that it is not paying lip service to the security of its people.

Addressing the media in Lokoja on Friday, the Commissioner for Information and Communications, Kingsley Fanwo, said the administration of Governor Ahmed Ododo has taken concrete steps to deal decisively with insecurity, stressing that the state is not under siege and will not be.

Fanwo acknowledged security concerns in parts of Yagba land, particularly in Yagba West, but assured citizens that the situation is being carefully and silently managed to avoid escalation.

“We are managing the fine line between urgency and the need to tread softly in order not to compound the situation. Government is on top of the matter, and our interventions are guided, targeted, and strategic,” he said.

Fanwo also addressed concerns over alleged threats to some churches in Yagba East, noting that Governor Ododo has ordered thorough investigations to verify the claims.

“Security has not broken down in any part of Kogi and will not break down. We have reached an advanced stage of collaboration with national security structures to neutralise every threat to peace and stability in our state,” he emphasised.

The Commissioner commended local security structures such as the Okun hunters and other grassroots security outfits for their vital role in maintaining peace and order.

“These community-based efforts are critical to our overall strategy, and His Excellency has given the State Security Adviser a marching order to deepen community push-back mechanisms against insecurity,” Fanwo revealed.

He explained that government intelligence has pinpointed the location of certain criminal elements, but cautioned that operational plans are being meticulously executed to avoid collateral damage.

“These criminals are hiding behind innocent Nigerians, many of whom have been kidnapped from Kogi and other states. Our mission is to secure our people without endangering the lives of innocent victims,” he said.

 

 

 

 

Continue Reading

News

Criminal charges: Lawyers ready to defend Natasha with ‘factual evidence ‘

Published

on

Please Kindly Share This Story

The legal team of suspended Kogi Central Senator, Natasha Akpoti-Uduaghan, say they are ready with factil evidence to defend her in court.

The team received a formal summons in the case filed against her by the Federal Government at the Federal Capital Territory High Court last week.

On Friday, May 16, 2025, the Federal Government filed the suit, marked CR/297/25, over alleged defamatory remarks made during a live appearance on Channels Television’s Politics Today on April 3, 2025.

The government accused the senator of “making imputation knowing or having reason to believe that such imputation will harm the reputation of a person”, citing Section 391 of the Penal Code, cap 89, Laws of the Federation, 1990.

Among the witnesses listed to testify during the trial were Senate President, Godswill Akpabio, and a former governor of Kogi State, Yahaya Bello.

Others include Asuquo Ekpenyong, a senator; Sandra Duru; Maya Iliya, investigating police officers; and Abdulhafiz Garba, investigating police officers.

However, in a statement issued Friday night by Dr. Ehiogie West-Idahosa (SAN) on behalf of the legal team, Akpoti-Uduaghan’s lawyers confirmed receipt of the formal summons and pledged to prepare all “factual and statutory defences” available to the lawmaker during trial.

“At about 2:30pm on Friday, May 23, 2025, within the premises of the Federal Capital Territory High Court, Abuja, we received the information filed by the Director of Public Prosecutions, containing three counts alleging that our client, Senator Natasha Akpoti-Uduaghan of Kogi Central, made imputations she had reason to believe would harm the reputation of Senator Godswill Akpabio, President of the 10th Senate,” the statement read.

“We received the said information on her behalf through a letter of authority duly issued and filed in the court’s registry.

“The legal team will fully prepare and present all factual and statutory defences available to our client during the trial.”

 

 

 

 

 

 

Continue Reading

Trending