Connect with us

Headline

Nigerian Senator Splashes Nmulti-billion On Cannabis Production In Imo (see Photos)

Published

on

 

The lawmaker representing Imo North in the National Assembly, Senator Ben Uwajumogu has formed a consortium that is making a multi billion naira investment to Okigwe zone in the cultivation and production of medical cannabis oil and powder.

 

 

Already a Canadian-American consortium of investors, Access Cannabis Canada Inc are in deep negotiations with their Nigerian counterparts on the nitty gritty of the proposed business deal.

In his remarks at a business round-table held at the prestigious TransCorp Hilton Hotel, a member of the Canada/US delegation, Mr Phillipe Cozano thanked Sen Uwajumogu for his efforts towards the realization of the business cooperation as well as approvals from the various Regulatory agencies in the country.

He pointed out that investments in medical cannabis oil is growing worldwide at more than 47% with high return on investment. He noted that the medicinal value of cannabis oil was enormous. Mr Cozano further pointed out that the consortium will conduct further research on development of drugs using medical cannabis with the issuance of licence by the NDLEA to run a pilot programme.

In his welcome speech at the occasion, Sen Ben Uwajumogu stated that the investment in medical cannabis oil will improve the economic potentials of Okigwe zone as well as create substantial employment opportunities for youths in the zone. He added that hundreds of hectares of land has been acquired for cultivation and construction of a Processing Plant and Laboratory for the production of medical cannabis oil in Umulolo, Okigwe LGA and Nzerem Ikpem, Ehime Mbano LGA respectively. He promised to ensure the success of the business venture.

Sen Ben Uwajumogu also known as Senator Projects thanked President Buhari for improving the ease of doing business which greatly facilitated the business venture.

He highlighted the economic and health potentials of medical cannabis. He promised to ensure the completion of the production plant in good time.

Speaking to journalists after the breakfast meeting, the Chief Operating Officer (COO), of the Nigerian company, (MedisOil Nig Ltd) Mr Sunny Osu commended the vision of Sen Ben Uwajumogu in attracting the project. He added that the project, when completed will increase economic activities in Okigwe zone.

Mr Osu informed that the laboratory equipment for the project have arrived the country. He also added that on completion, the business will generate about $11m in the first year and *$50m in subsequent years as well as employ more than 600 persons.

He noted that Coca Cola company had announced the use of CBD powder as an important ingredient in the production of their soft drinks. This announcement by Coca Cola has significantly improved the value of medical cannabis oil.

The delegation signed anot MOU before departing Nigeria.

Continue Reading
Click to comment

Leave a Reply

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

Headline

Supreme Court Fixes April 22 for Hearing in ADC Leadership Crisis

Published

on

By

The Supreme Court has scheduled hearing for April 22 in the appeal filed by the National Chairman of the African Democratic Congress (ADC), Senator David Mark, in relation to the leadership dispute in the party.

Mark’s appeal is against the March 12 judgment of the Court of Appeal, which dismissed his appeal against the September 4, 2025 ruling by Justice Emeka Nwite of the Federal High Court in Abuja refusing to grant some injunctive reliefs contained in an ex-parte application filed by a chieftain of the party, Nafiu Bala Gombe.

A five-member panel of the Supreme Court, led by Justice Mohammed Garba chose the date on Tuesday after granting accelerated hearing in the appeal marked:  SC/CV/180/2026.

The court ordered Mark’s lawyer, Jibril Okutepa (SAN) to file the appellant’s brief and serve on Wednesday.

It ordered the respondents to each file and serve on the appellant, a respondent’s brief within three days of being served with the appellant’s brief.

The appellant, according to the court, is to file a reply brief, if needs be, within one day of being served with the respondents’ briefs.

Continue Reading

Headline

Amid Denials, ADC Reportedly Secures Rainbow Event Centre As Venue for National Convention

Published

on

By

Baring any last minute change, the leadership of the African Democratic Congress (ADC) under Senator David Mark and Rauf Aregbesola as National chairman and National Secretary respectively will hold the party’s National convention at the National Rainbow Event Centre in Garki on Tuesday, 14 April 2026.

The African Democratic Congress (ADC)  has being denied two venues without any cogent reasons despite early arrangements, according to sources.

First, it was alleged that the Abuja Transcorp Hilton Hotels, which was initially approached, turned down the ADC request to use it’s facility.

The ADC, having sensed sabotage, has kept the Rainbow Event Center under rap as it’s definite venue.

The last National Executive Committee (NEC) of the party was held at the same venue.

Located adjacent the Nigerian Police Force Headquarters, the event centre will host the second NEC meeting of the ADC and it’s forthcoming national convention.

According to The Guardian’ report, the ADC leadership has communicated the venue to state chapters with the caveat not to escalate it.

The ADC is in a battle of survival against the Independent National Electoral Commission (INEC) and has approached the Supreme Court for intervention.

The INEC national chairman Prof Joash Amupitan has suspended recognition of the David Mark-led ADC rendering a leadership vacuum in the party.

INEC said it’s decision was on the basis of an Appeal Court pronouncement that ordered statusquo ante-bellum be maintained.

Sources said the ADC has officially written the Inspector General of Police (IGP) Olatunji Disu for police protection, the Director of State Services and the Comptroller of Civil Defence Corps.

Reports say that why the venue is being quietly decorated moderately for the event, the ADC intends to fully move in the early hours of Tuesday.

The Guardian

Continue Reading

Headline

Shettima Lacks Respect, I Won’t Engage Him, Atiku Responds to VP’s Challenge

Published

on

By

Former Vice President, Atiku Abubakar, has hit back at incumbent Vice President Kashim Shettima over the latter’s poser over achievements in office, saying he won’t take the challenge because Shettima was disrespectful.

Shettima had reportedly challenged Atiku to provide details of eight projects he executed for the development of Northern Nigeria during his tenure as vice president for eight years, as well as name eight individuals he empowered while in office.

But, speaking in an interview with GTA Hausa podcast, Atiku said he would not engage the vice president on the matter.

“I will not respond to Kashim Shettima because he is disrespectful. I am older than him and I have more experience in governance than he does, so I will not respond to him,” he said.

The former vice president further argued that cultural values in Northern Nigeria discourage younger individuals from publicly challenging their elders in such a manner.

“It is not part of our tradition in the North to disrespect elders. You cannot look at someone who is above you in both age and accomplishments and start taunting him. That is not our tradition, so I won’t engage with him,” Atiku emphasised.

Continue Reading

Trending