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$250 Million or Just Another MoU? Let’s Unpack This “Euro-Africa CCI” Deal
Edo State Government just announced that a group called Euro-Africa CCI will invest $250 million in our state.
Before we start dancing, let’s look at the facts:
Who exactly are they?
They do have a website, but their “Management Team” page is half-empty with placeholders like “Text Text.”
No public audited accounts. No known big projects anywhere near $250 million.
Track record missing.
Apart from their own press statements, there is no independent proof of past investments of that size anywhere in the world
Earlier, they promised $300 million for agriculture elsewhere—still no evidence of execution.
No contract in public view.
The Government has not released the signed agreement, the bank/escrow details, or a payment schedule.
Without those, it’s a Memorandum of Understanding (MoU), not cash in Edo’s coffers.
Possible name confusion.
There are long-established EU–Africa Chambers of Commerce in Europe.
This group is not clearly linked to those recognized institutions, yet the name sounds similar.
The key test.
Show Edo people the first three project sites, budgets, and the timeline for disbursing the first dollars.
Until we see these, let’s call it what it is
Press-release economics, not real investment.
Governor Monday Okpebholo,
Publish the full agreement, bank guarantees, and project schedule.
Development is built with concrete and steel, not just headlines and photos in Glasgow.
Copied from Alvin Idemudia ID
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