There are reports that
Sahara Reporters reports that funds from a government agency, Delta State Oil Producing Areas Development Commission (DESOPADEC) is being used to fund the company.
Sources close to the online news platform said there are plans to sustain the Newspaper through monthly ads from DESOPADEC.
The source said “This will be done in the form of pull-outs once every month. This will amount to N10 million monthly. The plan is to get it to run for one year and get it renewed. As I speak with you, more than half of the money for one year has been paid to Independent upfront. The money was what was used to pay the sacked workers and buy materials needed to kick-start production of the newspaper.”
Also, the newly appointed Managing Director of DESOPADEC, Olorogun Williams Makinde is alleged to have a hand in it.
Sahara Reporters’ source also said "If you hear people saying that there is a new investor, they are referring to the money that Makinde is diverting to the company. No other person has invested a dime.”
The Supreme Court on Tuesday, February 2, 2016, upheld the election of the Delta State Governor, Ifeanyi Okowa.