Projects: ‘Oborevwori’s Imprint Equitable, Visible Across Delta’

Omon-Julius Onabu in Asaba

The Delta State Commissioner for Works (Rural Roads) and Public Information, Mr. Charles Aniagwu, has assured all Deltans that the administration of the state Governor, Sheriff Oborevwori, will continue on the trajectory of fairness and inclusiveness through equitable distribution of its numerous impactful programmes and projects in the true spirit of the M.O.R.E development blueprint.

He said the governor’s commitment to fairness, equity, and balanced development across the state is visible in all 25 local government areas and the three senatorial districts of the stat, ”such that even critics of the administration could not deny Governor Oborevwori’s passion to ensure quality and sustainable development of the state across all the sectors.”

Addressing journalists at a press conference in Asaba yesterday, Aniagwu said that the M.O.R.E agenda was being deliberately and systematically implemented so that no part of the state is left without the government’s visible impact, that is, the 25 local government areas, running through the 10 federal constituencies and the senatorial districts.

“In the last two years, the governor has demonstrated fairness across all geographic and ethnic divides in the state, the commissioner noted, adding that while citizens have the right to make demands, such demands should acknowledge the demonstrable progress already made, and were being made, rather peddle wild claims that suggested that nothing was being done by the government,” he stated.

Aniagwu, who was flanked by the Chief Press Secretary to the Governor, Sir Festus Ahon; Executive Assistant on Public Enlightenment, Projects and Polices, Mr. Olisa Ifeajika, and Executive Assistant on Media, Norbert Chiazor, said that the administration has kept its solemn promise of “delivering more” to the people of Delta State.

In apparent response to recent criticisms from a section of citizens of the Isoko ethnic nationality in the state, he said that such ‘unjustified’ remarks could only have been either politically motivated or made by certain individuals who were not in touch with their communities, and who were therefore ignorant of the laudable levels of development in those communities.

Aniagwu observed that hardly any meeting of the State Executive Council (EXCO) under the Oborevwori administration where projects were not duly approved for communities in the Isoko Nation.

He cited the recent approval of the Ogodogo-Ivu Access Road in Okpolo-Enhwe, Isoko South Local Government Area, for N5.1 billion, which is a strategic route leading to major oil facilities.

He listed several other road projects completed or ongoing in the area, including Otekpo Road in Elu, internal roads in Isoko South, the Uzere–Asaba-Ase Bridge, the Isoko Ring Road linking multiple communities, Emede internal roads, the Enuru–Ikuli Access Road, the Uruaka Express Link Road in Emede, the Olomoro–Igbide Road, the Emevor–Orogun Road Phase 1 and ongoing Phase 2, as well as Okpolo-Enhwe Internal Roads Phases 1 and 2.

 He also mentioned portions of the reconstructed Ughelli–Asaba expressway that pass through Isoko.

Aniagwu further explained that Isoko remains the only federal constituency in Delta State hosting two state-owned universities, the Southern Delta University, Ozoro, and the Oleh Campus of the Delta State University, which houses the faculties of Law and Engineering.

Under Governor Oborevwori, he said the state has completed the College of Medical Sciences at Southern Delta University, completed the Senate Building and internal roads at the Ozoro campus, established the College of Health Technology in Ovrode, and equipped the General Hospital in Ozoro.

The commissioner added that within just one year of assuming office, the governor had visited Isoko two times to inaugurate projects, underscoring his commitment to the area.

The commissioner appealed to critics to avoid what he described as “dirty politics” as the 2027 election season approaches, warning against attempts to discredit the government for political gain.

He statedd that the administration would not be distracted from its developmental agenda and would continue to carry every part of the state along.

Aniagwu urged residents of Isoko to rejoice when projects are executed elsewhere, just as others rejoice when Isoko benefits, emphasising that the Oborevwori administration will remain fair to all.

He maintained that no local government area is without the footprint of the present administration across key sectors.

On the looming flood threat predicted across the country, Aniagwu disclosed that the state government is already desilting drainages and water channels to mitigate the impact.

Nonetheless, the commissioner passionately appealed to residents to stop dumping refuse into drains and water channels, advising those living in flood-prone areas to relocate to upland areas before the arrival of devastating floods predicted by NIMET.

The post Projects: ‘Oborevwori’s Imprint Equitable, Visible Across Delta’ appeared first on THISDAYLIVE.

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    Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market

    Jonathan Eborah

    Investing in the stock market is a long-term strategy for building wealth. In Nigeria, as in other parts of the world, investors expect to benefit from dividends, capital appreciation, or both. However, the recurring problem of unclaimed dividends has cast a shadow over the credibility of the capital market, with many retail investors expressing frustration at the role of registrars. While these concerns are understandable, blaming registrars exclusively oversimplifies a much broader and more complex issue.

    Unclaimed dividends are a product of systemic challenges, not merely the inefficiencies of registrars. These dividends often remain unclaimed due to various factors, including: Multiple accounts created with different names or pseudonyms; Shareholders’ failure to update bank details or contact information; Estate complications after the death of shareholders; Delays by banks in validating dividend mandates and General investor ignorance about claim procedures.

    Registrars are just one part of a broader value chain that includes stockbrokers, issuing companies, banks, and regulators. Holding them solely responsible ignores the collaborative nature of capital market operations.

    One of the most criticized aspects of the dividend claim process is identity verification. However, registrars have a legal and fiduciary obligation to ensure that payments are made to the rightful owners. This is especially crucial in an environment where identity theft, fraud, and impersonation are real threats.

    Registrars rely on tools such as BVN (Bank Verification Number), NIN (National Identity Number), and signature verification to verify claims. These are not “excuses” but part of risk management and regulatory compliance.

    Contrary to the belief that registrars are resistant to change, many have embraced digital transformation. Several registrars now operate online portals where investors can: Submit e-dividend mandates; View dividend histories; Request revalidation of payments and Update personal data securely.

    The challenge often lies not with the systems, but with incomplete or inconsistent data submitted by shareholders. Additionally, national infrastructure gaps, poor internet access in some regions, and low levels of digital literacy further compound the problem.

    The delay in processing dividend claims is sometimes outside the registrar’s control. For instance: When shareholders provide incorrect or inconsistent data; When banks delay in validating or updating mandates and When investors fail to follow up after initial submission.

    Even in cases where shareholders visit registrar offices, delays may still occur due to missing documentation or legacy issues related to paper-based systems from decades ago.

    While the Securities and Exchange Commission (SEC) has taken steps, such as issuing a circular on unclaimed dividends and establishing the Unclaimed Funds Trust Fund, there may be a need for stronger enforcement and clearer redressal mechanisms.

    Registrars alone cannot enforce policy or penalize non-compliant parties. The SEC must implement: Minimum response time standards for processing complaints; A user-friendly and responsive digital complaint resolution portal; Investor education programs targeted at low-literacy or elderly shareholders; Sanctions for all stakeholders, banks, brokers, and registrars, when they fail to meet expectations. And A unified identity system for the capital market to ease the Know-Your-Customer

    Obligations and reduce the risk of identity theft:

    Investors must also bear some responsibility. Many are unaware of how to complete e-dividend mandates or follow up on their claims. Some hold outdated physical share certificates or have never updated their contact details since purchasing shares/investments decades ago.

    Registrars regularly hold investor clinics together with the SEC, participate in AGMs, and partner with regulators and stockbrokers for sensitization efforts. But participation is often low. Financial literacy must become a national priority if more investors are to enjoy the benefits of capital market participation.

    The unclaimed dividend problem is not limited to Nigeria but exists in developed countries and each country works out how to resolve the challenge. In Nigeria’s capital market, the unclaimed dividend crisis will not be solved by pointing fingers. Registrars are not the enemy; they are facilitators working within a regulatory and operational ecosystem that requires improvement across board. Enhancing automation and promoting investor education will go further in solving the problem than a blame-centered approach.

    For the Nigerian capital market to thrive and regain investor confidence, all stakeholders, regulators, registrars, companies, stockbrokers, and investors must work together in good faith to build a more transparent, inclusive, and responsive system.

    *Jonathan Eborah, the Registrar/Chief Executive, Institute of Capital Markets Registrars, writes from jonathaneborah@yahoo.co.uk

    The post Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market appeared first on THISDAYLIVE.

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    Jonathan Eborah Investing in the stock market is a long-term strategy for building wealth. In Nigeria, as in other parts of the world, investors expect to benefit from dividends, capital
    The post Addressing Real Issues Behind Unclaimed Dividends in Nigeria’s Capital Market appeared first on THISDAYLIVE.

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