This article is a critical endeavour to situate the Naga homeland movement in the present context vis-à-vis the regional politics of the North East. It attempts to understand and (re)imagine the relevance of Naga homeland politics in the light of its expectations in the neo-liberal era. By revisiting and (re)defining the movement from the establishment of the Naga Club in 1918 to the Naga Peace Accord in 2015, it highlights the policies and procedures that have intensified existing issues and suggests that the nexus of politicians, bureaucrats, contractors and underground leaders operates by exploiting the Naga issue rather than solving it, while sustaining and reproducing systemic corruption.