Governor Monday Okpebolo, who on Friday, 26th September 2025 declared that the Edo State Government has secured a $250m investment Deal with EuroAfrica Chamber of Commerce and Industries (CCI).
This investment Deal has raised concerns, suspicions and controversy among Nigerians, especially the people of Edo State.
The agreement was signed during the 2025 Edo State Global Investment Summit, which took place in Glasgow, Scotland, United Kingdom.
In a statement on Thursday, the Governor’s Chief Press Secretary, Fred Itua, said the agreement establishes a framework for strategic investment in Edo State over a period of three to five years.
He said,
The Edo State Government, under the leadership of Governor Monday Okpebholo, has signed a $250 m agreement with the European African Chamber of Commerce and Industries.“Under the agreement,
Investments will be channelled into key sectors including agriculture and agro-processing, mining and solid minerals, technical education and skills training, renewable energy, and green infrastructure.
Itua noted that Governor Okpebholo has reaffirmed his administration’s commitment to creating an enabling business environment through streamlined registration processes, transparent land administration, and, where applicable, tax incentives.
He emphasised that the government would uphold transparency, accountability, and strong institutional support to ensure that these investments translate into jobs, opportunities, and sustainable development for Edo people.
EuroAfrica CCI, represented by its Director General, Dr Kingsley Obasohan, pledged to work in line with Edo State’s and Nigeria’s local content policies to guarantee that investments directly empower Edo citizens by building capacity, creating employment, and expanding industrial value chains.
This partnership reaffirms the Okpebholo administration’s resolve to position Edo State as a premier destination for investment in Nigeria, ensuring that inclusive economic growth and human capital development remain at the heart of governance.
The agreement will run for an initial period of five years, with regular joint review mechanisms to monitor progress and ensure mutual accountability.
With this agreement, so many concerned Nigerians have raised questions on where and who the EuroAfrican CCI is.
A popular Nigerian Journalist, Oseni Rufai, has taken to his X(Twitter) account to explain and ask Edo State Government questions, to clarify his suspicion
Regarding the non-existent contract and EuroAfrican CCI Company
Rufai, in his words, explained his investigation into the said company, which, at the end of the day, proved to be fraudulent.
Regarding their Mail and Numbers, which are invalid, and the other leads to a Yoruba woman, rather than the said EuroAfrica CCI in Abuja, as stated on the website.
Nigerians reacted to this development, asking whether the Governor of Edo State is also a victim of this fraudulent activity or if he’s part of it.
“No verified company registration or public proof of funds found for “Euro Africa CCI / European African Chamber of Commerce & Industries” at the Dublin address or the Abuja address in the public registries I checked (CRO CORE and Nigeria CAC).
The organisation has a live website and press mentions, but I could not find an authoritative CRO/CAC registry entry or a publicly posted signed MOU / bank comfort lettee.” A user A_Fatai stated.
” The Edo State government announced a $250M investment agreement with EuroAfrica CCI on Sep 26, 2025, for agriculture, mining, and energy, per sources like Punch and The Nation.
However, critics highlight red flags: invalid website email, a Nigerian phone number not linked to the group, and no proven track record of similar deals.
This is the same Governor that approved almost 1 billion naira for Tony Kabaka to rebuild his hotel.
Congratulations to Edo people, you made the right choice.” Another user, Adekunle Oderinde stated.”
“What a pity?Is the governor aware that the organization he’s dealing with doesn’t exist.?” User Simplicity added.
However, critics highlight red flags: an invalid website email, a Nigerian phone number not linked to the group, and no proven track record of similar deals.
