Business
SPECIAL REPORT: Day Akwa Ibom market burned because a fire truck had no fuel
Published
3 months agoon
By
Preport
Blackened palm oil flowed across the wet market walkway. Burnt roofing sheets hung loosely over collapsed wooden stalls. Damaged freezers, melted buckets of rice, scorched cartons of tomatoes, and warped metal doors lay in heaps. Traders wandered through the debris in stunned silence, some clutching keys to shops that no longer existed.
Around 1 a.m. on 19 May, a fire broke out near the market fence at one of the container shops used as a cold room, according to witnesses. Within minutes, the flames spread through makeshift structures crowded against the perimeter of one of Akwa Ibom’s busiest daily markets – the Akpan Andem Market in Uyo, the state capital.
But while the fire advanced, residents and traders said the closest emergency response unit, a fire station inside the market, could not respond.
The reason, according to multiple witnesses and fire service officials interviewed by PREMIUM TIMES, is that there was no diesel to power the firefighting truck.
By the time federal firefighters eventually arrived hours later, traders, desperately fighting to put out the raging inferno, had formed human chains with buckets and basins. Residents fetched water from nearby homes. A hotel in the area supplied additional water. By then, millions of naira in goods had already been reduced to ashes.
“If not for the people in this street, this fire would have consumed far more shops in the market than this,” said Godwin Emmanuel, a phone and laptop repair technician, whose shop, luckily, was not destroyed by the fire.
Mr Emmanuel said he received a distress call shortly after 1 a.m. and raced about four kilometres from his house to the market, as public transportation was unavailable at night.
“When we called the fire service station inside the market, they told us the truck was working, but there was no diesel,” he said. “We called other places too, and heard the same thing. Help finally came after the chairman of Uyo Local Government contacted the federal fire service.”
PREMIUM TIMES visited the market around 11 a.m. on the day of the fire and observed smoke still emitting from several shops hours after the blaze was extinguished.

This newspaper counted at least eight container shops built along the market fence, which were completely razed. Another eight lock-up stores inside the market were severely damaged.
“Everything I had is gone”
Inside one of the burnt stores, palm oil still coated the floor in thick layers.
Utibe Udeme, who stored drums of palm oil in the shop, stood motionless beside the wreckage.
“I have lost over N12 million,” he said quietly. “I invested everything I had and even collected loans because of the expected returns later in the year. Now I am back to square one.”
Witnesses said the stored palm oil intensified the fire.
Nearby, Irene Edet sifted through charred bags of rice, burnt beans and blackened cartons of tomatoes.

“I recently got over N6 million to equip this shop,” she said. “There is nothing left to recover.”
She said she was informed about the fire during the night, but by the time she reached the market in the morning, her shop had already been destroyed.
“I asked how this could happen when there is no electricity in the market. They told me it was an electrical fault from another shop,” she said. “I am begging the government and the market leadership to help us.”

For Emah James, a food vendor, the losses went beyond merchandise.
“I lost the N50,000 I collected from my thrift contribution,” she said. “I buy rice and garri in bags for my business. Everything is gone.”

But beyond grief, many traders expressed anger.
Umoh Jeremiah, another victim, said no senior government official had visited them as of Tuesday afternoon, on the day of the fire incident.
“They are busy with elections, while people are suffering here,” he said. “We pay taxes every day in this market. Yet when an emergency happened, there was no emergency response.”
N40,000 shortage, millions in losses
When PREMIUM TIMES visited the fire station inside the market, officials confirmed they had received distress calls but could not deploy immediately due to fuel shortages.

“For over two months now, this station has not received even a drop of diesel,” an official said on condition of anonymity because he was not authorised to speak publicly on the incident.
The official, however, said the firefighting truck was functional.
“If we had diesel, not up to two shops would have been affected,” he said. “The incident happened within reach. We would have responded almost immediately.”
Using Google Earth, an open-source tool that allows distance measurement, measured the distance between the fire station and the fire outbreak site. It was 105.98 metres, about the distance of 10 buses parked end to end.
Measurement of the distance between the fire service station at Akpan Andem Market and the location of the fire outbreak
According to the official, less than 20 litres of diesel would have been sufficient for the emergency response because of the short distance between the station and the fire scene.
A survey of filling stations in Uyo found that diesel sold between N1,950 and N2,000 per litre. Twenty litres would, therefore, not be more than N40,000.
That amount, traders noted bitterly, might have prevented losses running into tens of millions of naira.
The incident has raised fresh concerns about emergency preparedness in Akwa Ibom State despite the state’s strong revenue profile and previous calls for improved emergency response.
In April last year, Akwa Ibom youths asked Governor Umo Eno’s administration to develop and implement a comprehensive state emergency response strategy after noting that the state lacked one.
Data obtained by PREMIUM TIMES from the spokesperson of the Akwa Ibom State Fire Service, Emmanuel Michael, indicates these concerns are becoming more urgent.
According to Mr Michael, the state has had 30 documented fire incidents between January and 20 May 2026.
The figure translates to an average of at least six documented fire outbreaks per month, highlighting mounting pressure on the state’s emergency response system and the need for sustained investment in fire prevention and rapid-response infrastructure.
Akwa Ibom is not a state gasping for resources that can deter its emergency response.
PREMIUM TIMES previously reported that Akwa Ibom received N397.51 billion into its coffers between January and March 2026. Within the same period, the state said it spent N201.73 billion.
A budget performance document reviewed by PREMIUM TIMES showed that N29.78 billion was spent on “other recurrent costs” during the quarter, a category that includes operational expenses such as fuel for government agencies.
However, Mr Eno’s administration has, for five consecutive quarters, failed to publish detailed expenditure breakdowns required under the state’s fiscal responsibility law, making it difficult to determine how much was allocated specifically to fire service operations.
“Only three functional trucks in the entire state”
At the headquarters of the Akwa Ibom State Fire Service in Uyo, a senior official painted an even grimmer picture.
The official, who requested anonymity for fear of government sanctions, told PREMIUM TIMES that only three firefighting trucks were functional across the entire state, all stationed within Uyo. Two were located at the headquarters, while one was at Akpan Andem market. He added that diesel shortages had become routine.

“Our diesel finished on Sunday after another firefighting operation,” the official said. “Most times, we rely on Hensek Group to assist us with diesel during emergencies.”
Hensek Group, a Uyo-based construction company, handles the majority of the Akwa Ibom State Government’s road contracts. Its owner, Uwem Okoko, is a close political ally of Mr Eno and heads the Umo Eno Campaign Organisation for the 2027 elections.
The fire service official said poor logistics have severely weakened emergency response capacity across the state.
When contacted, the spokesperson for the Akwa Ibom State Fire Service, Mr Michael, confirmed that the service experienced a diesel shortage during the incident.
He said officials attempted unsuccessfully to source fuel during the night.
“Our people were looking for where to buy diesel but could not find enough because it was late,” he said. “I contacted the federal fire service. Even they initially said they did not have diesel until they later managed to get less than half of a 25-litre container.”
Mr Michael said additional diesel was later sourced through Hensek.
Asked whether the dependence on emergency fuel sourcing affected operational efficiency, he responded: “Such things happen.”
When PREMIUM TIMES insisted that it was aware of the agency’s underfunding and asked what his prayers to the government were, Mr Emmanuel acknowledged the concern.
“Since you have already made your findings and discovered that the agency has not been funded so well, the call is that we pray the government will be proactive to know that fire service is meant to save lives and property, and that emergency can occur at any time to anyone thus we should not run short of any amenities that can help us do our job,” he said.
Budget priorities and missing details
An examination of Akwa Ibom’s 2026 approved budget showed that the Ministry of Works and Fire Service received the state’s largest capital allocation — N416.2 billion.
Yet only three line items in the ministry’s capital projects directly relate to firefighting infrastructure: the procurement of two firefighting trucks for Uyo, the purchase of laboratory and safety equipment, and the installation of a fume cupboard expeller.
Together, the projects amount to N302.7 million.
However, a review of last year’s budget performance gives reason for cautious optimism. In 2025, the state budgeted N210 million for the same items. Senior officials at the fire service headquarters said such equipment had not been provided.
When our reporter contacted him, the Akwa Ibom State Commissioner for Works and Fire Service, Eno Ibanga, denied responsibility for current fire service operations, despite state law, specifically Volume III, Cap 55 of the Laws of Akwa Ibom State 2022, placing that duty on his office.
While the law mandates the commissioner to ensure efficient fire service response, Mr Ibanga claimed the agency is now overseen by the Office of the Head of the Civil Service.
PREMIUM TIMES found that the Commissioner for Works and Fire Service retains legal responsibility for these operations, and efforts to reach the Head of the Civil Service, Elsie Peters, for comment were unsuccessful, as she did not respond to calls, SMS, or WhatsApp messages from our reporter.
The newspaper, in its enquiry to the Head of Akwa Ibom Civil Service, asked about measures the state government has put in place to ensure emergency response readiness at major public facilities and markets, and if the government is considering an investigation into the circumstances surrounding the fire incident and the response delay.
Interestingly, an existing policy framework already contains proposals that address many of the gaps exposed by the Akpan Andem Market fire.
PREMIUM TIMES reviewed the proposed Akwa Ibom Disaster Risk Management and Emergency Response Policy Framework, a document designed to establish legislative and institutional structures for disaster preparedness and emergency response across the state.
The framework provides recommendations on fire prevention, emergency preparedness and response systems, public awareness campaigns, training, inspection and enforcement.
It also proposes regular inspections of public and private buildings to ensure compliance with fire codes and safety standards, while outlining coordination procedures among agencies such as the State Emergency Management Agency, the National Emergency Management Agency (NEMA), the Nigeria Police Force, and the Nigerian Red Cross during emergencies and multi-hazard disasters.
Government agencies and institutions that contributed recommendations to the framework include NEMA, the Nigeria Security and Civil Defence Corps, the Ministry of Environment, the Fire Service Commission, the University of Uyo, the Ministry of Women Affairs, and the Ministry of Humanitarian Affairs.
Despite extensive consultations, the framework has yet to translate into visible institutional reforms.
‘No strong will to take action’
Elkanah Oluyori, executive director of the Clement Isong Foundation, said the organisation, with support from ActionAid Nigeria, consulted, drafted and submitted the draft framework to the Akwa Ibom State deputy governor, followed by sustained engagement with the government, but little progress has followed.
“The idea was to establish different response units with clearly defined responsibilities during emergencies,” Mr Oluyori said. “This is something that could have addressed the recent fire outbreaks we have had in different parts of the state.”
He said implementation efforts had remained slow.
“So far, the actions have been slow, and the commitment to change has not been strong enough,” he said. “Government needs to embrace the ideas shared because disasters happen suddenly. There should be a response structure and units that can immediately take the right decisions to avert loss of lives and property.”
Mr Oluyori identified weak political will as a major obstacle.
“I believe the will to take action is not very strong,” he added. “But with the increasing emergency situations, maybe the government will begin to look into it.”
PREMIUM TIMES contacted the office of the Deputy Governor of Akwa Ibom State, Akon Eyakenyi, for clarification on the status of the framework and measures being taken to strengthen disaster preparedness and emergency response systems in the state.
Omen Bassey, the press secretary to Mrs Eyakenyi, said the proposal from the Clement Isong Foundation was being reviewed against existing legislation at both the state and federal levels to avoid conflicts.
“I think the deputy governor is enthusiastic about it,” he said.
“Since it’s a legal framework, the advice of the Attorney General has to be sought and obtained.
“I know the state government is working towards further strengthening disaster preparedness and emergency response in the state. I don’t have the details, and I am not competent to speak on it.”
Illegal structures, shared blame
The Chairman of Uyo Local Government Council, Uwemedimo Udo, said preliminary findings suggested the fire started from makeshift structures erected near the market fence.

He said he contacted the federal fire service and police authorities during the incident and confirmed that Hensek Group also supported with some diesel.
The council chairman said the local council would work with the Uyo Capital City Development Authority to assess and, if necessary, demolish illegal structures around the market.
But when asked why the council had not supported the fire station with diesel despite generating daily revenue from traders through market tickets and rents, he said the fire station belonged to the state government.
“If you want their attention, call the people in charge, and they will respond,” he said.
Meanwhile, at Akpan Andem Market, traders who lost millions watched firefighters frantically search for diesel in the middle of the night in one of Nigeria’s highest-earning oil-producing states, a state that generated nearly N400 billion in three months, yet could not guarantee enough fuel for a truck stationed inside its busiest market.
And by Tuesday afternoon on the day of the fire, traders were still standing inside the ruins of their businesses, asking the same question: How many livelihoods could have been saved if the truck had moved when the first call came?
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Business
Otedola speaks on FirstHoldCo’s inclusion in FTSE Frontier 50 Index
Published
3 hours agoon
September 8, 2026By
Preport
The Chairman of First HoldCo Plc, Femi Otedola, has described the company’s inclusion in the FTSE Frontier 50 Index as a “defining milestone” in the evolution of the financial services group.
FirstHoldCo is scheduled to join the FTSE Frontier 50 Index, a benchmark tracking leading and investable companies across frontier markets, effective 21 September 2026.
The inclusion places FirstHoldCo among six Nigerian companies represented in the index. It is expected to strengthen its visibility among global institutional investors seeking exposure to Nigeria and other frontier markets.
Mr Otedola, in a statement issued on Monday, said the development affirmed the transformation the company is undertaking and the confidence investors continue to place in the institution.
“Our inclusion in the FTSE Frontier 50 Index is a defining milestone in FirstHoldCo’s evolution.
“It affirms the transformation we are driving, the confidence investors continue to place in our institution, and the strength of our governance and business model.
“We remain focused on building a stronger, more profitable and globally competitive financial services group, while delivering superior and sustainable value to shareholders,” he said.
The FTSE Frontier 50 Index comprises companies that meet stringent requirements relating to market capitalisation, liquidity, free float, governance and investability.
FirstHoldCo said its inclusion followed a period of strong market performance and sustained investor interest, supported by improved financial results, strategic execution, enhanced governance and its focus on long-term shareholder value.
The company said the development was more than an index listing, describing it as an independent recognition of its scale, governance standards, market depth and long-term value proposition.
It said the inclusion could also lead to deeper liquidity, increased participation by institutional investors and greater access to global capital.
Asset managers, exchange-traded funds, pension funds, and other investors that track frontier-market opportunities are expected to take a greater interest in the company as a result of its inclusion in the index.
The development comes after FirstHoldCo said it had met the Central Bank of Nigeria’s minimum capital requirement.
The group said it remained focused on strengthening its capital base, improving financial resilience and creating capacity for accelerated growth.
Its strengthened balance sheet, expanding shareholder base and focus on disciplined execution, it said, would enable it to compete at a greater scale across its businesses.
The Group Managing Director of FirstHoldCo, Wale Oyedeji, said the achievement reflected the commitment and execution of the company’s board, management and employees.
READ ALSO: FirstHoldco, Dangote, four other Nigerian companies admitted to FTSE’s 50 most liquid frontier market stocks
“This achievement reflects the discipline, commitment and execution focus of our Board, Management and employees.
“It validates the progress we have made in strengthening performance, enhancing operations and positioning FirstHoldCo for sustainable growth,” Mr Oyedeji said.
According to him, the inclusion would elevate the company’s visibility among global institutional investors and reinforce its ambition to become a leading African financial services provider.
FirstHoldCo said it would continue to invest in digital transformation, customer experience, innovation and responsible business practices while maintaining its focus on sustainable growth and stakeholder value.
The company also said its emphasis on environmental, social and governance principles, workplace excellence and operational efficiency would further strengthen institutional confidence in the group.
With global investors becoming increasingly selective in allocating capital to frontier markets, FirstHoldCo said its inclusion in the index represented a significant recognition of its fundamentals, governance credentials, liquidity and growth trajectory.
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Business
SanlamAllianz Nigeria Unveils Proud Moments 2.0 Campaign to Celebrate Customers’ Life Achievements
Published
11 hours agoon
September 7, 2026By
PreportSanlamAllianz Nigeria, comprising SanlamAllianz Life Insurance Nigeria and its subsidiary, SanlamAllianz General Insurance Nigeria, has announced the launch of its Proud Moments 2.0 campaign, an initiative designed to celebrate personal journeys, milestones, achievements, and everything that makes a person proud.
The campaign marks a refreshing shift from the traditional fear-based approach or uncertainty to insurance, reframing the narrative through positivity and the recognition of life’s hard-earned achievements.
Built around the powerful proposition, “You’ve Earned It. Celebrate It”, the Proud Moments 2.0 campaign shines light on not just one person’s successes, but also on the invaluable support systems: parents, grandparents, teachers, neighbors, mentors, friends and loved ones; all who helped make those dreams come true. From starting a business, purchasing a first car or home, to achieving educational milestones, building a family or overcoming personal challenges, the campaign recognizes that success means something different to each person.
“At SanlamAllianz Nigeria, we strongly believe that insurance should not be viewed merely as a response to what could go wrong, but as an empowering enabler that recognizes, celebrates and provides people with the confidence, financial security and peace to enjoy what they have worked hard to achieve and continue towards life’s next chapters,” Chris Ekwonwa, Group Head, Strategy, Marketing and Customer Relations, SanlamAllianz Nigeria.
“This is why we are launching our Proud Moments 2.0 campaign, to remind the market that we are not just in the business of providing insurance solutions; but also recognize that every achievement, big or little, is a proud moment worth celebrating,” he concluded.”
The campaign, which will run for upwards of eight weeks across digital platforms, includes a socials-only call for nominations of trending and emotional true-life events, with clear positive denouements; a national radio campaign and product advertising on select digital platforms.
Also, Bankole Banjo, Marketing and Corporate Communications Manager, SanlamAllianz Nigeria, said: “We want authentic Nigerian stories, published on socials, and with a life-changing outcome. We will select the most resonant and the main character of that story will enjoy an all-expense paid trip to watch the 2026 Youth Olympics in Dakar courtesy of SanlamAllianz Nigeria. Details are as shared across our various platforms.”
Recall that SanlamAllianz Life Insurance Nigeria Limited and its subsidiary, SanlamAllianz General Insurance Nigeria Limited, were amongst insurers who made the list of recapitalized companies as released by the National Insurance Commission, (NAICOM).
The Proud Moments 2.0 campaign further reaffirms their solid financial base, continuous commitment to insurance education and customer appreciation across various economic strata of the Nigerian market.
About SanlamAllianz Nigeria
Formed as a merger of Sanlam, Africa’s biggest non-banking financial services firm and Allianz, easily the world’s most recognizable insurance brand in a JV across 28 countries on the continent, SanlamAllianzhas become the clear leader in the non-banking financial services industry in Africa with strong commitments to be top two in every market in which they operate. Consummated in Nigeria as SanlamAllianz Nigeria (comprising SanlamAllianz Life Insurance and SanlamAllianz General Insurance) in June 2025, the brand has continued to flourish with presence in more that 30 states of the Federation and is widely regarded as one of the foremost insurance companies in the country.
The post SanlamAllianz Nigeria Unveils Proud Moments 2.0 Campaign to Celebrate Customers’ Life Achievements appeared first on Business Today NG.
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