The Niger Delta Youth Congress (NDYC) has urged Nigeria’s anti-corruption and regulatory agencies to conduct a review of reports surrounding major corporate acquisitions and the financial interests of politically exposed persons (PEPs), stressing the need for transparency to sustain investor confidence and public trust.
In a statement signed by Israel Uwejeyan, the national coordinator of NDYC, the group said it was necessary that large-scale investments involving individuals with current or previous public service backgrounds be subjected to appropriate regulatory scrutiny where questions arise over sources of funding, ownership structures and compliance with relevant laws.
The organisation cited alleged reports linking a former governor in Zamfara State and serving senator to the acquisition of a controlling interest in Geregu Power Plc, noting that the transaction had generated significant public interest due to its size and strategic importance within the power sector.
NDYC said while private-sector investments and successful business ventures remain critical
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