• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

Okomu Oil threatens to shut down operations over attacks by militants 

Aghogho Udi by Aghogho Udi
May 8, 2024
in Business
Okomu Oil Palm
Share on FacebookShare on TwitterShare on Linkedin

The management of Okomu Oil Palm Plc has raised concerns that its multi-billion-naira investment in Edo State is at risk due to repeated militant disruptions and attacks on its personnel.  

The company’s Managing Director, Dr. Graham Hefer, highlighted this issue during an interview with the News Agency of Nigeria (NAN) on Wednesday at Okomu, located in the Ovia South West Local Government Area.  

Hefer disclosed that the most recent incident involved an early Monday morning attack in which three of the company’s workers were brutally assassinated within the plantation. 

RelatedStories

Assetrise Limited, Okomu Oil Palm Plc, Presco Plc, and others surpassed N500 billion in 2024- Here’s how you can benefit from the Oil Palm Industry

Assetrise Limited, Okomu Oil Palm Plc, Presco Plc, and others surpassed N500 billion in 2024- Here’s how you can benefit from the Oil Palm Industry

April 19, 2025
Edo Governor flags off 2025 farming season, allocates N70 billion to boost agriculture 

Edo Governor flags off 2025 farming season, allocates N70 billion to boost agriculture 

March 27, 2025

Furthermore, he expressed concern over the escalating security issues both within and outside the plantation, warning that if the situation remains unresolved, the company’s multi-billion naira investment may be forced to shut down operations. 

He lamented that despite the company’s huge contribution to both the revenues of the federal and state governments through taxes, the relevant authorities have displayed a lackluster attitude towards their security situation.  

What he said 

He stated, “Government has to come and take absolute control of the area overtaken by squatters who now terrorise the locality as the owner of the land. 

“Government that is supposed to be their custodian and protect the tenants like us, absolutely has no control whatsoever. We are left to our faith.There are police  personnel or soldiers and no police post at all. 

“Yet, government needs to provide security around the plantation and the people around the communities as law abiding citizens. We have repeatedly said government should put a military base in the plantation.” 

“It’s absurd that we pay over N12 billion in taxes to government annually and still are left to fend and seek security for equipment and personnel by ourselves. 

“We have to fund our own security and pay more charges in taxes without commensurate service delivery. What kind of investment friendly environment are you providing?” he queried. 

Reasons for the attacks as alleged 

The company’s Managing Director said the Four Brigade and police authorities were told of the incidents. However, he lamented, “Since the incident, the police have yet to send reinforcements to the area to restore confidence among the workers.” 

Hefer expressed that the attacks were motivated by political, ethnic, and ego-driven desires for resource control. He called on the state government to swiftly address the security issues in the area and throughout the state to restore investor confidence. 


Follow us for Breaking News and Market Intelligence.
Tags: BeninEdo StateGraham HeferMilitancyOkomu Oil Palm Plc
Aghogho Udi

Aghogho Udi

My name is Aghogho Udi, a writer, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader African context. My focus lies in shedding light on the intricate connections between macroeconomics and politics, offering valuable insights that foster comprehension of Africa's prevailing economic landscape and the world in general.

Related Posts

Assetrise Limited, Okomu Oil Palm Plc, Presco Plc, and others surpassed N500 billion in 2024- Here’s how you can benefit from the Oil Palm Industry
Corporate Updates

Assetrise Limited, Okomu Oil Palm Plc, Presco Plc, and others surpassed N500 billion in 2024- Here’s how you can benefit from the Oil Palm Industry

April 19, 2025
Edo Governor flags off 2025 farming season, allocates N70 billion to boost agriculture 
Agriculture

Edo Governor flags off 2025 farming season, allocates N70 billion to boost agriculture 

March 27, 2025
Court jails 21 convicted internet fraudsters in Benin   
Currencies

Court jails 21 convicted internet fraudsters in Benin   

March 7, 2025
Nigerians increasingly prefer foreign artisans from Congo, Togo, Benin 
Exclusives

Nigerians increasingly prefer foreign artisans from Congo, Togo, Benin 

February 23, 2025
Pipeline Maintenance: WAPCo suspends gas supply from Nigeria to Benin, Togo
Energy

Pipeline Maintenance: WAPCo suspends gas supply from Nigeria to Benin, Togo

February 5, 2025
Monday Okpebholo
Education

Edo govt approves automatic employment for first-class graduates in state civil service 

November 30, 2024
Next Post
Zenith Bank

Zenith Bank pays shareholders N109.9 billion in final dividend for FY 2023 

Leave a Reply Cancel reply

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

nlng
Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • Alleged N5.7 billion fraud: EFCC witness reveals how ex-Bank employee accessed customers’ accounts 
  • FAAC shares N1.681 trillion April 2025 revenue to FG, States, LGs 
  • EFCC arrests ex-Kaduna government contractor for alleged fraudulent deals worth N30 billion

Follow us on social media:

Recent News

EFCC, NOUN, Sunflower Hotel

Alleged N5.7 billion fraud: EFCC witness reveals how ex-Bank employee accessed customers’ accounts 

May 16, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June

FAAC shares N1.681 trillion April 2025 revenue to FG, States, LGs 

May 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics