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EFCC Seeks Arrest of Ex-NDDC Boss, Tuoyo Omatsuli for Alleged N3.6bn Fraud

Tuoyo Omatsuli

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The Economic and Financial Crimes Commission, EFCC, on Wednesday, January 31, 2024, prayed Justice Daniel Osiagor of the Federal High Court sitting in Ikoyi, Lagos to issue a warrant of arrest to compel a former Executive Director on Projects, Niger Delta Development Commission, NDDC, Tuoyo Omatsuli to attend his trial over an alleged N3.6bn fraud.

Omatsuli, alongside Francis Momoh, Don Parker Properties Limited and Building Associates Limited, were initially standing trial on an alleged case of conspiracy and money laundering to the tune of N3,645,000,000 (Three Billion, Six Hundred and Forty-five Million Naira) before retired Justice Saliu Saidu of the Federal High Court, Ikoyi, Lagos.

One of the counts reads: “That you, Engr Tuoyo Omatsuli, Don Parker Properties Limited, Francis Momoh and Building Associates Limited, between August 2014 and September 2015 at Lagos, within the jurisdiction of this Honourable Court, conspired to disguise the illegal origin of N3,645,000,000 (Three Billion Six Hundred and Forty-Five Million Naira), being proceeds of unlawful activity to wit: corruption and gratification; and thereby committed an offence contrary to Section 18 of the Money Laundering Act 2011 as amended by Act No 1 of 2012 and punishable under Section 15 (3) of the same Act.”

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Another count reads: “That you, Engr Tuoyo Omatsuli, between August 2014 and September 2015 at Lagos, within the jurisdiction of this Honourable Court, did procure Francis Momoh and Building Associates Limited to use the total sum of N3,645,000,000 (Three Billion Six Hundred and Forty-Five Million Naira) paid by Starline Consultancy Services into the Diamond Bank Plc Account No. 0023785116 operated by Building Associate Ltd, when you reasonably ought to have known that the said sum formed part of the proceeds of your unlawful activity to wit: Corruption and Gratification; and you thereby committed an offence contrary to Section 18 of the Money Laundering Act 2011 as amended by Act No 1 of 2012 and punishable under Section 15 (3) of the same Act.”

They pleaded not guilty to the charges preferred against them.

The EFCC, after calling 16 prosecution witnesses, subsequently closed its case against the defendants. However, rather than open their defence, the defendants filed a no-case submission, which was heard on October 12, 2020.

In his ruling on November 11, 2020, Justice Saidu had discharged the first defendant, Omatsuli, saying, “I have gone through the charge preferred against the defendants as well as the evidence of all the 16 prosecution witnesses and I found no reason for the first defendant to enter the defence.”

Consequently, the EFCC vowed to appeal the discharge of the former NDCC boss. On April 13, 2022, a three-man panel of the Court of Appeal, Lagos Division, upheld the appeal of the EFCC and dismissed the ruling of the trial court.

The judgment delivered by Justice Festus Obande Ogbuinya held that the ruling of the lower court dated November 11, 2020, discharging the respondent, Omatsuli, of the money laundering charges “is hereby set aside and he shall enter into his defence accordingly on the same counts.”

The Appellate Court, however, discharged Omatsuli on counts 27, 28 and 29 of the charge. In the course of the trial, Justice Saidu retired and the matter was subsequently re-assigned to Justice Osiagor.

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However, at the resumed sitting on Wednesday,counsel to the 2nd defendant, Norrison Quakers, SAN informed the court that Omatsuli was absent in court because he had an appeal pending before the Supreme Court. “The first defendant is on appeal at the Supreme Court. A no- case submission filed by the 1st defendant before the Federal High Court was upheld and EFCC appealed the decision. This decision was, however, reversed at the Appellate court and the no-case submission dismissed. The defendants were ordered to enter into their defence. Dissatisfied with the ruling of the Appeal Court, the 1st defendant appealed to the Supreme Court and the matter is yet to be determined”, he said.

He also told the court that the 1st defendant was not aware of Wednesday’s hearing because he was not represented by a counsel at the last proceedings.
Responding, prosecution counsel, Ekele Iheanacho, said: “At the previous sitting, sometime in November 2023, the matter came up for arraignment, and a counsel appeared on behalf of the 1st defendant. The court then asked us to choose a date for arraignment. On that basis, I didn’t ask for a bench warrant against the defendant.”

He further told the court that “There is no stay of proceedings in the law, according to the Administration of the Criminal Justice Act, ACJA. The pendency of the appeal does not prevent the proceedings at the Federal High Court from going on.” While making reference to S352 of the ACJA, Iheanacho, therefore, applied for a bench warrant against Omatsuli.

Justice Osiagor disagreed with Iheanacho that the 1st defendant was aware of today’s hearing and, therefore, ordered that he be put on notice.

The case was adjourned to March 22, 2024, for re-arraignment and trial.


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Business

Unity Bank Corpreneurship Challenge Empowers 578 Young Entrepreneurs, Awards ₦16 Million to 30 New Winners

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- The three winners of the Corpreneurship Challenge in Lagos pose with their cheques
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No fewer than 578 young entrepreneurs across Nigeria have benefitted from Unity Bank’s Corpreneurship Challenge the Bank’s flagship entrepreneurial development initiative launched a few years ago.

Over this period, the Bank has invested in supporting budding entrepreneurs across multiple sectors to start businesses, create jobs, and contribute to Nigeria’s economic growth.

The ongoing initiative recently produced 30 new winners, who received a total grant of ₦16 million during the Batch B, Stream II edition of the National Youth Service Corps (NYSC) orientation course, held across 10 states of the federation.

The winners, innovative young entrepreneurs developing solutions across various value chains such as fashion design, bag making, pastry and beverage production, event management, and vegetable farming, emerged after pitching their business ideas during the challenge at NYSC Orientation Camps in Lagos, Delta, Kaduna, Jigawa, Kwara, Benue, Abia, Kogi, Rivers, and Plateau States.

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At the NYSC Orientation Camp in Ipaja, Lagos State, Fiyinfoluwa Titilayo Ojo, who pitched a soap-making enterprise, emerged the overall winner to clinch the ₦800,000 grand prize. Ndukwe Chiamaka Joan, with her innovative Small Chops business proposal, claimed ₦500,000 as first runner-up, while Barakat Modinat Olamide secured ₦300,000 to support her beverage-making venture.

A cross section of participants in the pitch competition

Expressing her excitement after emerging as the overall winner in Lagos, Fiyinfoluwa Titilayo Ojo described the experience as life-changing, stating, “I’m truly grateful to Unity Bank for this opportunity. Winning the Corpreneurship Challenge has given me the push and confidence I needed to scale my soap-making business. Beyond the grant, the experience taught me how to structure my business better and believe in its potential. It’s amazing to see a bank that genuinely invests in young people’s dreams.”

Across the remaining nine states, 27 other winners also emerged after pitching diverse business ideas ranging from fish and poultry farming to printing, piggery, and cake production.

Over the past six years, the Unity Bank Corpreneurship Challenge has become an integral part of the NYSC programme, aligning with the Federal Government’s drive to upskill young graduates and promote entrepreneurship amid the scarcity of white-collar jobs. Each edition attracts thousands of entries from corps members whose business plans are evaluated for originality, marketability, job creation potential, and overall business acumen.

Speaking during the grand finale in Lagos, Unity Bank’s Divisional Head, Retail & SME, Mrs. Adenike Abimbola, reaffirmed the Bank’s commitment to empowering Nigerian youth through enterprise. She said:

“At Unity Bank, we believe that the energy and creativity of young Nigerians are vital to the nation’s economic transformation. The Corpreneurship Challenge is our way of nurturing this potential — by giving corps members the financial boost, mentorship, and confidence to turn their ideas into thriving businesses. Seeing over 578 young entrepreneurs already impacted motivates us to keep expanding the initiative and deepening our support for the SME ecosystem.”

The Corpreneurship Challenge has earned Unity Bank national recognition for its role in youth empowerment and job creation, attracting over 2,000 applicants per edition.

In partnership with the NYSC Skill Acquisition and Entrepreneurship Development (SAED) programme, the initiative continues to serve as a launchpad for youth-owned enterprises, offering grants of up to ₦800,000 to help corps members turn their business dreams into reality.

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16 Nigerian Military Officers Arrested Over Alleged Coup Plot to Oust President Tinubu

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16 Nigerian Military Officers Arrested Over Alleged Coup Plot to Oust President Tinubu
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At least sixteen senior military officers have been arrested by the Nigerian Armed Forces over an alleged plot to overthrow President Bola Tinubu’s administration, according to top security sources.

According to Sahara Reporters Although the military publicly described the arrests as disciplinary actions linked to “failure in promotion examinations” and “career stagnation,” insiders told reporters the detained officers were accused of planning a coup d’état.

The Director of Defence Information, Brigadier General Tukur Gusau, confirmed the arrests but said they followed a “routine military exercise,” citing “indiscipline and breach of service regulations.”

However, intelligence gathered by the Defence Intelligence Agency (DIA) allegedly uncovered a plot led by a Brigadier General to “seize power from selfish politicians.” The officers, ranging from Captains to senior commanders, were reportedly picked up at various military formations across the country.

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Sources added that the October 1 Independence Day parade was abruptly cancelled after authorities discovered the conspirators planned to strike during the ceremony, allegedly targeting the President and other top officials.

The detained officers are currently being held at the DIA facility in Abuja pending further investigation.

Nigeria has witnessed five successful coups since gaining independence in 1960. Analysts warn that rising reports of corruption, low morale, and political interference within the armed forces have continued to fuel discontent among some military personnel.

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I will be receiving some notable figures from the ADC. – APC National Chair, Yilwatda.

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Professor Nentawe Yilwatda
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Next week, I will be receiving some notable figures from the ADC. – APC National Chairman, Yilwatda.

Professor Nentawe Yilwatda, the National Chairman of the All Progressive Congress (APC), has announced that several politicians from opposing parties are planning to join the ruling APC soon.

During a meeting with Plateau APC stakeholders held at Crest Hotel in Jos yesterday, Yilwatda shared this.

He said, “Next week, I will be receiving some notable figures from the ADC.

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“Some of those who had defected from PDP have reached out to ADC and are now returning to APC. Many of them have completed their ‘medicals’ and will be officially unveiled next week.

“In another two weeks, we will unveil yet another big figure who just finished his own ‘medicals.’

“He tried to unveil himself the day before yesterday, you probably saw it in the news. But officially, we’ll be receiving him soon. More people are coming. More senators are joining; more governors, more members of the National Assembly. The APC is the bride of the moment.

“Thank you so much for all you did—from the very beginning of my loss, through the burial, and even after.May God bless and reward you richly. I must also extend my deepest gratitude for how you stood your ground when we faced the setback at the Supreme Court.

“Many people thought that was the end of APC on the Plateau; that we had been buried politically. But what they didn’t see was the seed that had already been sown.
That seed germinated, and today, APC is stronger, more vibrant and growing bigger by the day.

“I’d also like to take this opportunity to warmly welcome our new members.”


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Abia State

2027: Prepare Your Will If You Plan to Write Election Results in Abia — Governor Alex Otti Warns

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Abia State Governor, Dr. Alex Otti, warns politicians planning to manipulate the 2027 elections to “write their wills” first, reaffirming his stance on transparency, governance, and development in Abia State.
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Abia State Governor, Dr. Alex Otti, has cautioned individuals plotting to manipulate the 2027 governorship election results to first “write their wills” before embarking on such a dangerous mission.

Speaking during his monthly media chat in Umuahia, the governor emphasized that his statement was not a threat but a caution informed by intelligence reports suggesting that some displaced politicians are boasting about plans to “write” election results in 2027.

“This is not a threat but a warning. If you are planning to write election results in Abia, please write your will first,” Otti declared.

He dismissed remarks attributed to the Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Kalu, noting that power ultimately belongs to God.

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“I do not have the anointing to speak about what will happen in 2027 in 2025. But I know that power belongs to God, and He gives it to whom He wants. We should not speak when the Lord has not spoken,” he said.

Governor Otti advised Kalu to focus on his duties at the National Assembly, adding that there was no animosity between them despite the Deputy Speaker’s repeated public criticisms.

“My relationship with the Deputy Speaker didn’t start with politics. This is the second time he has publicly attacked my administration. I forgive him, but I think he suffers from what I call ‘Information Deficiency Syndrome.’”

He further clarified that according to the Protocol Act of 2000, the sixth position in Nigeria’s political hierarchy belongs to the Deputy Senate President, not the Deputy Speaker.

On Governance and Infrastructure

Governor Otti commended the Abia State Environmental Protection Agency (ASEPA) for its consistent efforts in maintaining a cleaner environment across Aba, Umuahia, and Ohafia.

“We are now moving to the next phase of waste management — recycling and turning waste into wealth,” he said, disclosing ongoing engagements with investors and institutions to actualize the plan.

The governor also announced progress in reviving key moribund industries, including Star Paper Mill, Aba Textile Mill, and Modern Ceramics, through collaborations with the Asset Management Corporation of Nigeria (AMCON) and other stakeholders.

“Government is an enabler. Our goal is to revive these industries, hand them to professionals to run as private entities, and create jobs for our people,” Otti stated.

Education and Health

Governor Otti reaffirmed his administration’s commitment to transforming the education sector, revealing that over 5,395 new teachers have been deployed across the state, with plans to recruit an additional 4,000 due to rising enrollment.

He also highlighted improvements in healthcare delivery, including the reconstruction of general hospitals and recruitment of over 774 healthcare professionals, with applicants coming even from other African countries.

“We are building a health system powered by renewable energy to ensure every community has access to quality healthcare,” he said.

Power and Infrastructure Expansion

Governor Otti announced the installation of nearly 8,000 solar-powered streetlights across the state and ongoing projects aimed at achieving steady electricity supply in Aba, Umuahia, Bende, and Ohafia.

“When Aba Power reaches its full capacity of 188 megawatts, excess power will be distributed to Umuahia and other parts of the state. Light brings development, and darkness disappears where there is light,” he said.

He disclosed that President Bola Tinubu’s representative, Senator Dave Umahi, recently commissioned eight newly completed roads in Abia, with more infrastructure projects including the 25km Umuahia–Ikot Ekpene Road and Ihechiowa Ring Road set to begin soon.

On Defection Rumours

Governor Otti debunked speculations about plans to defect to the All Progressives Congress (APC), stating that he remains committed to his principles.

You don’t take decisions simply because others are taking them. We are not people who follow the crowd,” he affirmed.

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American Accuses Reno Omokri of Deception, Calls Him “Pathological Liar” as Omokri Dismisses Christian Genocide Claims

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American Accuses Reno Omokri of Deception, Calls Him Pathological Liar as Omokri Denies Christian Genocide in Nigeria
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A former Texas Mayor, Mike Arnold, has accused former Nigerian presidential aide Reno Omokri of deception and manipulation, describing him as a “pathological liar” who thrives on calculated deceit.

In a viral post on X (formerly Twitter), Arnold said he had witnessed Omokri’s alleged dishonesty firsthand during personal and professional encounters both in the United States and Nigeria.

“The truth about Reno Omokri is sad. I’ve seen it up close. Reno doesn’t lie like most liars. He lies calm, cool, constant. Up close, he’s reptilian. Chilling. Soulless. Yet so charming,” Arnold wrote.

Arnold, who claimed to have hosted Omokri in Texas and attended his birthday safari in Kenya, accused the former presidential aide of falsifying events, exaggerating connections, and fabricating ownership of luxury assets.

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He recounted an incident where Omokri allegedly showcased luxury cars online, falsely claiming ownership of two vehicles belonging to Arnold’s friend.

Arnold also alleged that during a fact-finding mission to Nigeria on Christian persecution, Omokri promised high-level meetings with President Bola Tinubu, NSA Nuhu Ribadu, and the Sultan of Sokoto, none of which materialized.

“Looking back, those promises were props for his narrative for clout and manipulation,” he wrote.

Arnold further accused Omokri of misrepresenting him on Nigerian television, falsely introducing him as the current mayor of Blanco, Texas, and a close associate of U.S. Senator Ted Cruz.

“On live TV, he called me a Republican mayor—we don’t even have partisan municipal elections. He also said I’m a personal friend of Ted Cruz. False,” Arnold stated.

Quoting Psalm 101:7, Arnold said Omokri’s actions were “soulless” and “evil,” adding that “lying to cover up the Christian genocide raging in Nigeria is a bridge too far.”

“People must know Reno Omokri is a pathological, habitual, calculating, self-serving liar from someone who knows him personally so they won’t trust his sleazy attempts to bury the blood of tens of thousands of Nigerian martyrs with the manure spewing from his mouth,” Arnold wrote.

He also accused Omokri of harboring political ambitions, claiming that he plans to run for vice president under National Security Adviser Nuhu Ribadu.

Omokri, however, recently appeared on Arise News Night, dismissing reports of a Christian genocide in Nigeria as “ludicrous,” insisting that both Christians and Muslims are victims of insecurity across the country.

“Killings happen equally to Christians and Muslims,” Omokri said, urging Nigerians not to allow Western narratives to sow religious division.

The exchange has since sparked intense debate online, with many Nigerians weighing in on the authenticity of Arnold’s claims and Omokri’s controversial statements on religious persecution.

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