Fresh doubts have emerged over the much-publicized $250 million investment deal between Edo State and EuroAfrica CCI, announced by Governor Monday Okpebholo on September 26, 2025, during the Edo State Global Investment Summit in Glasgow.

The governor had hailed the deal as a landmark achievement, claiming it would inject massive investments into agriculture, mining, technical education, renewable energy, and green infrastructure across Edo State. Officials described the framework as a strategic partnership aimed at job creation and sustainable development over the next five years.

But a detailed investigation by journalist Melanated Ovienzowoba has raised serious red flags about the legitimacy of EuroAfrica CCI—formally referred to as the European African Chamber of Commerce and Industries.

According to Ovienzowoba, efforts to verify the organization’s existence and credibility hit a dead end.

“I tried the email listed on their website—it bounced back as invalid. Dead. Completely unreachable,” Ovienzowoba revealed.

Attempts to reach the company by phone also turned up nothing. Shockingly, the number listed on EuroAfrica CCI’s website connected to a person who claimed not to speak English and insisted the line did not belong to the organization.

These inconsistencies suggest that the so-called $250 million deal may have been fabricated or grossly misrepresented.

The revelations cast Governor Okpebholo’s announcement in a new light, raising questions about transparency, due diligence, and the credibility of Edo State’s touted investment partnerships.

With the government yet to provide concrete evidence of EuroAfrica CCI’s authenticity, critics warn that this development could damage the state’s reputation and undermine investor confidence going forward.