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$12bn required for clean-up oil spill in 12 years in Bayelsa—BSOEC
Oil pollution in Bayelsa State was on the international focus as the report of the state’s Oil and Environmental Commission (BSOEC) was launched at the House of Lords in London. The 211-page report titled: “An Environmental Genocide: Counting the Human Cost of Oil in Bayelsa, Nigeria,” is a detailed documentation of the over 60 years of oil exploration and pollution in the state where oil was first discovered in commercial quantity in Nigeria by Shell. The BSOEC, which was established in March 2019 by the immediate past Senator Seriake Dickson administration is chaired by former Anglican Archbishop of York and member of the House of Lords, Dr. John Sentamu, alongside former president of Ghana, John Kufuor and another member of the House of Lords, Baroness Valerie Amos, as honorary commissioners.
A statement issued by Mr. Daniel Alabrah, the Chief Press Secretary to Bayelsa State Governor, quoted Baroness Amos, as saying the pollution of Bayelsa by oil multinationals was scandalous and shameful, and called on the international community to take action against polluters of the environment. She said “the research and the evidence contained in the report tell the stories that are so important. The community impact of the pollution comes through so clearly and it is devastating.
“This has been on for so long. It is an absolute scandal and we should all be ashamed that we have got to this point. Those responsible, including our international oil companies, should be ashamed of the roles they have played in their refusal to take responsibility. Talking about this being the fault of the local communities, who can see the result of this long-standing neglect and not be moved? And yet, that is what exactly happened. There has been no accountability on the part of the oil multinationals. I understand that there are a lot of people who might not even have heard about Bayelsa. But I hope what people would be able to connect to and see as a result of this report is the scale of the human impact.” The MP stressed the need to take collective action now, saying the international community had to rally to save Bayelsa from the impact of what could be described as an environment genocide.
While presenting the report, chair of the commission’s Expert Working Group, Dr Kathryn Nwajiaku-Dahou, said the document was the product of four years of tireless work put in by researchers, scientists and professionals in different fields, who went round Bayelsa communities gathering samples. “This helped us to bring to light what the commission describes as environment genocide that plagues Bayelsa today. The Commission’s findings shine light on the pollution catastrophe engulfing the state and its underlying causes. Chief among them are the systemic failings of international oil company operators with the complicity of Nigeria’s political class and a dysfunctional Nigerian regulatory state.
The report sets out a proposal to end decades-long cycles of contamination and neglect by the oil and gas industry.” Nwajiaku-Dahou said among others, the Commission recommended concerted international action to generate and invest at $12billion over 12 years to “repair, remediate and restore the environmental and public health damage caused by oil and gas.”
The Commission’s chair, Rt. Rev. Sentamu, presented the report to the Bayelsa State Governor, Senator Douye Diri. Diri, in his response, commended the commissioners, researchers, non-governmental organisations and the Commission’s secretariat that painstakingly put the report together as well as the people of Bayelsa for “coming forward to make their voices heard.” He also lauded his predecessor, Senator Seriake Dickson, for his foresight and vision in empaneling the commission. The governor pledged that his administration would act on the recommendations and seek partners to ensure that the report was implemented. “I, on behalf of the government and people of Bayelsa State, pledge our commitment to act decisively and speedily on the recommendations of this report. In doing this, we remain open to robust and genuine engagements with all stakeholders.”
In a goodwill message presented virtually by Senator Seriake Dickson, the former Bayelsa governor said the report was very important and that he established the commission to be able to document the decades-long degradation of the Bayelsa environment and its effect on people of the state. He said this was also done to have a basis to hold the oil multinationals operating in Bayelsa and the Niger Delta since 1956 to account and to be able to shift their mindset. At the event were Nigeria’s High Commissioner to the United Kingdom, Sharafadeen Isola, former military administrator of Bayelsa State, Col. Edor Obi (rtd), chairman of the Bayelsa State Traditional Rulers Council and Ibenanaowei of Ekpetiama Kingdom, King Bubaraye Dakolo, the Amanyanabo of Okpoama Kingdom, King Ebitimi Banigo, Europe-based stakeholders in the oil sector as well as Nigerians based in the United Kingdom.
A new technology transfer agreement between the Nigeria–China Strategic Partnership (NCSP) and the Presidential Implementation Committee on Technology Transfer (PICTT) is expected to open more job opportunities, improve local skills, and expand access to advanced technology for ordinary Nigerians.
In a press statement reaching Vanguard on Friday, the MoU aims to strengthen industrial development, support local content, and create clearer pathways for Nigerians to benefit from China’s growing investments in the country.
PICTT Chairman, Dr Dahiru Mohammed, said the partnership will immediately begin coordinated programmes that support local participation in infrastructure and industrial projects.
Special Adviser to the President on Industry, Trade and Investment, Mr John Uwajumogu, said the deal will help attract high value investments that can stimulate job creation and strengthen Nigeria’s economy.
NCSP Head of International Relations, Ms Judy Melifonwu, highlighted that Nigerians stand to gain from expanded STEM scholarships, technical training, access to modern technology, and collaboration across key sectors including steel, agriculture, automobile parks, and cultural industries.
The NCSP Director-General reaffirmed the organisation’s commitment to measurable results, noting that the partnership with PICTT will prioritise initiatives that deliver direct national impact.
The MoU signals a new phase of Nigeria–China cooperation focused on practical delivery, local content, and opportunities that improve everyday livelihoods.
EU regulators launched an antitrust investigation into Meta Platforms on Thursday over its rollout of artificial intelligence features in its WhatsApp messenger that would block rivals, hardening Europe’s already tough stance on Big Tech. The move, reported earlier by Reuters and the Financial Times, is the latest action by European Union regulators against large technology firms such as Amazon and Alphabet’s Google as the bloc seeks to balance support for the sector with efforts to curb its expanding influence.
Europe’s tough stance – a marked contrast to more lenient U.S. regulation – has sparked an industry pushback, particularly by U.S. tech titans, and led to criticism from the administration of U. S. President Donald Trump. The European Commission said that the investigation will look into Meta’s new policy that would limit other AI providers’ access to WhatsApp, a potential boost for its own Meta AI system integrated into the platform earlier this year.
EU antitrust chief Teresa Ribera said the move was to prevent dominant firms from “abusing their power to crowd out innovative competitors”. She added interim measures could be imposed to block Meta’s new WhatsApp AI policy rollout. “AI markets are booming in Europe and beyond,” she said. This is why we are investigating if Meta’s new policy might be illegal under competition rules, and whether we should act quickly to prevent any possible irreparable harm to competition in the AI space.”
A WhatsApp spokesperson called the claims “baseless”, adding that the emergence of chatbots on its platforms had put a “strain on our systems that they were not designed to support”, a reference to AI systems from other providers. “Still, the AI space is highly competitive and people have access to the services of their choice in any number of ways, including app stores, search engines, email services, partnership integrations, and operating systems.” The EU was the first in the world to establish a comprehensive legal framework for AI, setting out guardrails for AI systems and rules for certain high-risk applications in the AI Act.
Meta AI, a chatbot and virtual assistant, has been built into WhatsApp’s interface across European markets since March. The Commission said a new policy fully applicable from January 15, 2026, may block competing AI providers from reaching customers via the platform. Ribera said the probe came on the back of complaints from small AI developers about the WhatsApp policy. The Interaction Company of California, which has developed AI assistant Poke.com, has taken its grievance to the EU competition enforcer. Spanish AI startup Luzia has also talked to the Commission, a person with knowledge of the matter said.
Marvin von Hagen, co-founder and CEO of The Interaction Company of California, said if Meta was allowed to roll out its new policy, “millions of European consumers will be deprived of the possibility of enjoying new and innovative AI assistants”. Meta also risks a fine of as much as 10% of its global annual turnover if found guilty of breaching EU antitrust rules.
Italy’s antitrust watchdog opened a parallel investigation in July into allegations that Meta leveraged its market power by integrating an AI tool into WhatsApp, expanding the probe in November to examine whether Meta further abused its dominance by blocking rival AI chatbots from the messaging platform. The antitrust probe is a more traditional means of investigation than the EU’s Digital Markets Act, the bloc’s landmark legislation currently used to scrutinize Amazon’s and Microsoft’s cloud services for potential curbs. Reuters
The spouses and children of billionaires inherited more wealth in 2025 than in any previous year since reporting began in 2015, according to UBS’s Billionaire Ambitions Report published on Thursday. In the 12 months to April, 91 people became billionaires through inheritance, collectively receiving $298 billion, up more than a third from 2024, the Swiss bank said. “These heirs are proof of a multi-year wealth transfer that’s intensifying,” UBS executive Benjamin Cavalli said.
The report is based on a survey of some of UBS’s super-rich clients and a database that tracks the wealth of billionaires across 47 markets in all world regions. At least $5.9 trillion will be inherited by billionaire children over the next 15 years, the bank calculates.
Most of this inheritance growth is set to take place in the United States, with India, France, Germany and Switzerland next on the list, UBS estimated. However, billionaires are highly mobile, especially younger ones, which could change that picture, it added. The search for a better quality of life, geopolitical concerns and tax considerations are driving decisions to relocate, according to the report.
In Switzerland, where $206 billion will be inherited over the next 15 years according to the bank, voters on Sunday overwhelmingly rejected 50 per cent tax on inherited fortunes of $62 million or more, after critics said it could trigger an exodus of wealthy people.
Switzerland, the UAE, the U.S. and Singapore are among billionaires’ preferred destinations, UBS’s Cavalli said. “In Switzerland, Sunday’s vote may have helped to increase the country’s appeal again,” he said. Reuters
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