NDC STATEMENT ON COURT RULING. (PHOTO). #PRESS RELEASE.

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 NDC STATEMENT ON COURT RULING Our attention has been drawn to a ruling by the Federal High Court sitting in Lokoja this morning, wherein His Lordship, Honourable Justice Isah Dashen, gave a ruling on an application filed by an unregistered association known as Peace Movement Party. The public knows that by December 2025, the Nigeria Democratic Congress  as an association complained of INEC’s refusal to register us as a political party, whereupon we proceeded to the Federal High Court. The Federal High Court upheld our constitutional right to freedom of association under the Constitution and compelled INEC to register us, which INEC did. Since then, we have started political activities, embarked on the registration of members, held congresses from ward to national levels, held conventions, and concluded primaries to all offices following INEC’s timetable. We have been fully participating in all INEC activities without let or hindrance. NDC also fielded candidates, and fully pa...
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AMCON HANDS OVER MORIBUND STAR PAPER MILL TO ABIA STATE GOVERNMENT. (PHOTO).

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AMCON Hands Over Moribund Star Paper Mill to Abia State Government


The Asset Management Corporation of Nigeria (AMCON) on Friday officially handed over the long-dormant Star Paper Mill Limited in Aba to the Abia State Government, marking a significant step in the state's industrial revival efforts.


The handover ceremony was held at Government House, Umuahia.


Speaking at the event, Abia State Governor Alex Otti described the recovery of the asset as fulfillment of his campaign promise to resuscitate moribund industries in the state, including Star Paper Mill, Aba Textile Mills, Ogwe Golden Chicken, and International Equitable Association, among others.


Governor Otti pledged that his administration would revive the mill, stating that once fully operational, it would create approximately 3,000 jobs and attract substantial private sector investment.


He disclosed that the mill had previously been sold under questionable circumstances, with parts of the agreement breached. Through his intervention and cooperation with AMCON, the state successfully recovered the asset and refunded payments made by the previous buyer.


The governor also revealed that payments for another AMCON-held industrial facility, Afro Beverages Limited in Aba, are ongoing and expected to be completed in the coming weeks, with prospective investors already in place to partner in its management and operations.


Abia State Commissioner for Industry and Small & Medium Enterprises, Michael Akpara, confirmed that the state government fully concluded the acquisition of Star Paper Mills Ltd with a payment of ₦2.5 billion. He added that an initial deposit of ₦500 million has been made to AMCON toward the acquisition of Afro Beverages Limited.


Earlier, AMCON Executive Director Aminu Mukhtar Dan’amu explained that the factory became moribund due to financial distress but commended the reacquisition by the Abia State Government as a milestone in industrial development.

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