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BIG STORY

Transforming Visions Into Reality: The Remarkable Tenure Of Alex Okoh At BPE

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In the bustling capital city of Nigeria, the Bureau of Public Enterprises (BPE) found a visionary leader in Alex A. Okoh. His appointment as the Director General (DG) marked the beginning of a transformative era for the organization and, by extension, the nation’s economic landscape. Prior to his appointment as DG, BPE in April 2017, Alex, an alumnus of Harvard Business School, was an astute investment banker and Finance expert who at different times was the Managing Partner, Ashford & McGuire Consulting Ltd. and Managing Director/CEO of NNB International Bank.

From the onset, Alex demonstrated a commitment to transparency, efficiency, accountability and result orientation. He embarked on a mission to revitalize the BPE, with a vision of fostering a dynamic business environment that would attract both local and international investors. This led to his restructuring the Bureau:

  • Rediscovery
  • Redefined core values
  • Human Capital Development
  • Staff welfare
  • Performance management (introduction of the Balanced Score Card)
  • Internal Collaboration
  • Strengthening Multilateral partnerships
  • Repositioning
  • Robust post transaction management
  • Reclaim mandate
  • Generate new transactions
  • Reinvigorate sector reforms
  • Stakeholder engagement
  • Reinvent public image
  • Robust IT strategy
  • A New Bureau
  • Focus on Public Private Partnerships
  • Improve staff welfare
  • The BPA Act
  • FGN Asset Optimisation
  • BPE Transformation Project
  • Organisation Restructuring (2022)
  • Strategic stakeholder engagement

AWARDS

Owing to his outstanding performance during his tenure, he was the first DG in the history of BPE to be re-appointed for a second tenure, in addition to that, he received the following prestigious awards:

  1. Public Administrator of the Year 2022 – Pink Awards International
  2. Public Sector CEO of the year 2021 – Independent Newspaper

One of Okoh’s notable accomplishments was the successful execution of a comprehensive privatization strategy. Under his leadership, several state-owned enterprises were strategically divested, injecting new life into the private sector and creating a competitive market. This move not only attracted investments but also generated substantial revenue for the government. Some of the flagship transactions include:

  • Core investor sale of 60% shares of Yola Electricity Distribution Company
  • Core investor sale of Afam Power Plc and Afam Three Fast Power Limited
  • Core investor sale of 20% shares of Geregu Power Plc
  • Concession of Warri Old Terminal Port
  • Core investor sale of Nigeria Security Printing and Minting Plc
  • Asset sale of Mineral House
  • Asset sale of Makeri house

Oversaw the successful closure of share sale and asset transfer of the Aba Ring Fenced Area to Geometric, Aba Power Limited from Interstate Electric

Oversaw the origination of the Presidential Power Initiative (also known as the Siemens Deal), culminating in the operationalization of FGN Power Company Limited

Member of the Presidential Working Group on Power Chaired by the Vice President of Nigeria, saddled with the responsibility of executing the Power Sector Recovery Program and reforming the Nigeria Electricity Supply Industry

  • Privatisation of Omotosho Power Plant (up to financial bid opening)
  • Privatisation of Oloronsogo Power Plant (up to financial bid opening)
  • Privatisation of Ihobvor Power Plant (up to financial bid opening)
  • Privatisation of Calabar NIPP Power Plant (up to financial bid opening)
  • Privatisation of Geregu NIPP Power Plant (up to financial bid opening)
  • Concession of Zungeru Hydropower Plant

Alex Okoh’s tenure was marked by a series of groundbreaking initiatives to promote public-private partnerships (PPPs) in Nigeria. He facilitated strategic collaborations between the public and private sectors as well as with Development Finance Institutions, leading to the creation of a portfolio of critical infrastructure projects across the country to be procured via PPP. These partnerships will not only address infrastructural deficits but will also create employment opportunities and spur economic growth.

In his efforts to promote corporate governance and integrity, Okoh implemented robust systems to curb corruption within the bureau. His commitment to accountability earned the trust of both local and international stakeholders, boosting investor confidence in Nigeria’s business environment.

Under Alex Okoh’s leadership, the Bureau of Public Enterprises evolved into a beacon of progressive economic policies and practices. His legacy, will leave an indelible mark on the nation’s economic landscape and setting the stage for sustained growth and development.

BIG STORY

Climb Down From Your High Horse, Tinubu Won’t Get Rid Of Wike For You, He Values Loyalty —- Fayose To Fubara

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Ayodele Fayose, former governor of Ekiti, says President Bola Tinubu will not ditch Nyesom Wike, Minister of the Federal Capital Territory (FCT), for Siminalayi Fubara, Governor of Rivers, to resolve the political crisis in the state.

Speaking during an interview on Arise TV, Fayose said Tinubu values loyalty, political strength and influence, noting that the president would not sacrifice Wike’s standing for Fubara.

“Let me say this to Nigerians: the Asiwaju that I know, the president of Nigeria that we know, will not get rid of a Wike for a Fubara,” Fayose said.

“Wike came from Rivers to support President Tinubu. Wike is performing [as FCT minister]. We never had it so good in Abuja, even a blind man can’t deny that.

“At this stage of his life, even when he is no longer the minister of FCT, Wike is a man who has done well for himself in the political space. You will always need Wike. Let me tell you the truth.”

Fayose advised Fubara to reconcile with Wike by honouring the agreement he signed with the FCT minister.

“I want to advise Governor Fubara again. Please, Fubara, I am begging you, go and make certain amends and be at peace,” he said.

Fayose also commented on the title of “001” in Rivers politics, warning Fubara against challenging Wike’s authority.

“There’s a difference between the office and 001. What brought about the 001? Who gave you the platform to call yourself the 001? It is a sad narrative for Governor Fubara to be struggling. Rather, he should manage the situation.

“Even if Wike is saying he is the leader, it is not to the mouth of Fubara to be contesting that. We all know the truth,” he said.

The former governor appealed directly to Fubara to seek peace and reconciliation. “Let me tell you again. I want to advise Governor Fubara again. Please, Governor Fubara, I’m begging you, go and make amends and be at peace.”

Responding to claims that Fubara had already apologised to Wike, Fayose distinguished between genuine remorse and apologies made merely to calm tensions.

“Those people leading on Governor Fubara, if Governor Fubara goes down today, they will run away. People who were saying I should fight back those days, they were not there when I was isolated and when I was alone,” he said.

Fayose added that Fubara must learn from past political lessons.

“The emergency rule was all-winning for Governor Fubara. By now, Governor Fubara would have been history because the moment you are impeached, you’re out of the way. You can’t contest. If you read the context of President Tinubu, he took the governor, Governor Fubara, to the cleaners. It is time for Governor Fubara to learn. Learn the way I learned my lesson after my first tenor,” he said.

He concluded by urging Fubara to respect both constitutional obligations and Political mentorship. “The Constitution is binding on you, binding on me and binding on Rivers people. That is the more reason why Governor Fubara, I’m saying it again, climb down from his high horse, look for his brother, his leader, the man who was thoughtful enough to say among all you brides, I will marry you, come to the office of the governor.”

Wike began campaigning against Fubara’s re-election in December after accusing the governor of reneging on an agreement they both signed before Tinubu lifted the emergency rule in Rivers State.

Members of the Rivers State House of Assembly, aligned with Wike, had also accused Fubara of spending state funds without approval.

Last Thursday, the lawmakers initiated impeachment proceedings against Fubara and Ngozi Odu, the deputy governor of Rivers, over allegations of “gross misconduct”.

Fayose, who was impeached in 2006 during his first term as governor, said people advising Fubara to move against Wike would abandon him if the lawmakers impeach him.

“If Fubara goes down today, they will run away. People who were saying I should fight back those days were not there when I was isolated. I was alone,” he said.

Fayose said Tinubu has a strong aversion to ingratitude and places a premium on loyalty.

“It is time for Governor Fubara to learn. Learn the way I learned my lesson after my first tenure,” he said.

Fayose added that Wike’s influence is crucial to the All Progressives Congress (APC) electoral victories in Rivers and the FCT.

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BIG STORY

Next Awujale May Be Named In 14 Days, Ifa Will Pick One Of The 85 Nominees —– Olori Ebi

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The next Awujale of Ijebuland may emerge within the next 14 days, according to the Olori Ebi of Fusengbuwa Ruling House, who is also Otunba Jadiara, Lateef Owoyemi.

Otunba Owoyemi indicated while answering questions from reporters after the conclusion of the nomination process.

The nomination meeting, held at Bisi Rodipe Hall, GRA, Ijebu Ode, was attended by representatives of Ijebu Ode Local Government, led by Secretary Abiodun Oke-Adebanjo.

Other leaders of the ruling house at the meeting included Deputy Olori Ebi, Otunba Adedokun Ajidagba, Chairman, Chief Fassy Yusuf, among others.

Although 95 princes and princesses had shown interest in the stool of Awujale of Ijebuland, only 85 went through the nomination process.

Fuji maestro, Wasiu Ayinde, aka KWAM1, was not part of the nomination process, as his name was not one of the 85 nominations mentioned.

Owoyemi said everybody who went through the nomination process had signed a bond that there would be no litigation after the process.

He said the names of those who scaled the nomination process would be submitted to the Afobaje (Kingmakers) today.

“It was a peaceful process. It is now the turn of the Afobaje to do their traditional work of selecting the next Awujale.’’

He said the Afobaje would pick one of the candidates as the next Awujale, and subsequently, the ruling house would forward his name to the Ogun State Government.

“I pray God to guide them in the exercise so that they can give us an Awujale that will make Ijebu Ode great.”

Asked how the choice would be made, Otunba Owoyemi said: “The one that the oracle will pick is among the 85 that went through the nomination process.

“The kingmakers will select the best king for us.

“We thank God that there was no commotion throughout the process. Everything went smoothly, and there was no rancour. Everything has ended well. So we look forward to the next stage.

‘’We hope the kingmakers and Ogun State Government will do well to select one candidate among the nominees that aligns with the yearnings of Fusengbuwa Ruling House, their ancestors and Almighty God as revealed by the Oracle (Ifa).’’

He said the next stage is now for them to transmit the names of the candidates to the kingmakers to do justice to the selection process.

Chief Yusuf thanked God that the anxiety and the apprehension were over.

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BIG STORY

100,000 US Visas Revoked Since Trump’s Return… 8,000 Students Affected —- State Department

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The US State Department says it has revoked over 100,000 visas since President Donald Trump returned to the White House last January for a second term.

In November 2025, the State Department said 80,000 visas had been revoked since January.

The majority of the revocations involved business and tourist travellers who overstayed their visas.

In an X post on Monday, the State Department said 8,000 of the revoked visas were held by students, while 2,500 specialised workers also lost their legal status.

A department spokesperson added that most of the students and workers whose visas were revoked had criminal encounters with law enforcement.

Nearly 500 students lost visas for drug possession and distribution, while hundreds of foreign workers lost visas because they were believed to be abusing children, according to a department spokesperson.

Half of the revocations for specialised workers were based on drunken driving arrests.

Last August, the Trump administration announced it was reviewing all 55 million foreigners who have valid US visas.

“We will continue to deport these thugs to keep America safe,” the state department wrote in the X post.

When Trump began his second term, he declared a national emergency at the southern border in his inaugural address and promised to tackle “illegal” immigration.

The US has since tightened its visa requirements, announcing changes in its visa policies and implementing travel restrictions on multiple countries, including Nigeria.

 

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