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N3.5bn Fraud : Crisis Deepens As labour party National Treasurer goes to court, demands nullification of six months suspension and compel EFCC to probe Abure
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…my signature was forged to take Party funds- Ex-Ag. national chair
The last has not been heard about the crisis of confidence which has engulfed the leadership of the Labour Party over the administration of party funds.
National Treasurer of the party, Ms. Oluchi Oparah, who was suspended by the Comrade Julious Abure-led National Working Committee (NWC), for six months, has instituted a court action seeking to compel the Economic and Financial Crimes Commission (EFCC), to probe Abure and look at the party’s financial records.
It was gathered in Abuja, on Sunday, that she instituted the legal action on February 15,2024.
In the suit, filed on her behalf by her lawyer, Emeka Etiaba, SAN, Okpara is also asking the court to nullify her six months suspension on the grounds that she wasn’t given a fair hearing before the action was taken.
Her prayers are contained in an Originating summons with file number: FHC /ABj/CS/202/2024 dated February 15 2024.
In it, her legal counsel, Emeka Etiaba, SAN, filed the action pursuant to order 3 rule 7 of the federal high court ( civil procedure) rules, 2019 and under the inherent jurisdiction of “this honourable court,” his client is asking the court whether it is not under the EFCC rules to investigate forgery.
In an accompanying affidavit deposed by Oluchi Oparah, she said, “I wrote a letter to the first Defendant (EFCC,) bringing a formal Petition dated the 14” of February, 2024 against the National Chairman of the Labour party Comrade Julius Abure, the 2nd Defendant ni this Suit for several grievous offences bordering on forgery, embezzlement of the 3rd Defendant’s funds, and abuse of office and failure to account for 3rd Defendant’s funds at his disposal. The letter is annexed as Exhibit A.
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“The 2nd Defendant assumed the position of Acting National Chairman ni January, 2021 following the demise of his predecessor, Alhaji Abdulkadir Abdulsalam, on the 29th of December, 2020. He subsequently began a pattern of financial recklessness and lack of accountability that has characterised his tenure to date.
“The most grievous act of impropriety by 2” Defendant pertains to his forgery of the signature of the late Alhaji Abdulsalam, 61 (Sixty-One) days after Abdulsalam’s death with which he withdrew monies from the account of the Defendant’s account.
“The 2nd Defendant proceeded to unilaterally sign several bank cheques and depleted the balances in the 3rDefendant’s Zenith Bank account (Account No.1010984346) without recourse to any other member of the National Working Committee.
“The sum of N14,000,000.00 (Fourteen Million Naira only) had been lodged into the aforementioned account on 18 of February 2022, 51 days after the death of the erstwhile National Chairman.
“Between the 28of February and 7th of March, 2022, the 2 Defendant prepared and presented several cheques supposedly counter-signed by the late Alhaji Abdulkadir for payment at the Ceddi Plaza branch of Zenith Bank Plc in Abuja.
‘The monies paid earlier into the referenced account were completely depleted by: the 2 Defendant. The 2nd Defendant unilaterally signed the withdrawal instruments as acting National Secretary and forged the signature of his predecessor, the late Abdulsalam ni order ot deplete the 3rdDefendant’s funds, without the knowledge of or recourse to the NWC.
“These criminal actions represent the beginning of the high level of corruption that has now come to define the 2nd Defendant’s tenure as National Chairman of the 3rd Defendant.” , she stated in the petition to the EFCC and federal high court
She explained that within the period under review, “large sums of money were raised from the sale of nomination forms for the several elections held in 2023.
“Apart from proceeds from Edo State (in 2024) which the 2nd Defendant actually diverted to his personal accounts, the 2nd Defendant declared only N55 million out of about N3 billion raised, failing to account for the balance. This undeclared balance from sale of nomination forms as well as all donations received from followers and sympathizers of H.E. Peter Obi, remains unaccounted till date and al requests for accountability have been rebuffed by the 2nd Defendant.”
She further deposed that, “During off-cycle elections in Imo, Bayelsa, Kogi, Plateau, Ebonyi, and Lagos States ni 2023, the 3rd Defendant raised about N958 million from sale of nomination forms and donations paid into the 3rd Defendant’s official Bank accounts. However the 2nd Defendant embezzled some of the said funds without due process, paper trail or documentation, making serial unauthorised transfers to persons and family members.
“Specifically, N248 million, N210 million, N190 million, N180 million, N120 million, and N10 million were realised from nomination forms sales anf donations for the Imo, Bayelsa, Kogi gubernatorial elections as wel as the Plateau, Ebonyi and Lagos bye-elections respectively but, there are no records of how these funds were expended.”
She claimed that as the national treasurer of the party that she was completely sidelined from its affairs.
The treasurer also claimed that whilst on a fundraising tour in the United States of America (USA) in August 2023, the 2n Defendant raised hundreds of thousands of dollars from the Nigerians diaspora sympathetic for Peter Obi and the 3rd Defendant. Till date, the 2nd Defendant has refused to hand over or account a single dollar to her as National Treasurer or broader National Working Committee (NWC) essentially
She further claimed that Abure unilaterally prepared a hoax Audit Report for the period June 2022 to May 2023, and that he tried to get her and the NWC to endorse it but she rejected the Report, being fully aware of its falsehood.
According to Oluchi Oparah, “When I challenged the figures, the 2nd Defendant tried to induce me with various bribes ranging from cash to automobiles and even real estate, which I outrightly rejected.”
‘There is now incontrovertible evidence that the 2nd Defendant has sunk the proceeds of his loot from the 3rd Defendant into properties worth billions of Naira: These include choice properties ni Abuja, Benin City, a home ni Uromi, and higli- end apartments in Italy. Purchase documents show many of these were bought between February 2022 and December 2023, subsequent ot the peak of fundraising for the 2023 elections.
“This is in stark contrast to the 2nd Defendant’s financial status before assuming office in 2021 when he did not own a single property. Party elders can testify thất as of December 2020, the 2 Defendant had no significant assets to his name. His abrupt wealth is clearly the result of corruption and abuse of office as 3n
” The 2nd Defendant has deliberately and repeatedly undermined my authority as National Treasurer by denying me access ot the 3dr Defendant’s Bank accounts and transaction records, in violation of the 3 Defendant’s Constitution. My duties include: custody of the 3rd Defendant’s funds and oversight of the 3rd Defendant’s budgets, accounts and finances but the 2nd Defendant has rendered my role redundant. Annexed as Exhibit C is the 3* Defendant’s Constitution. 23.Specifically, the 2nd Defendant has refused ot mandate the opening of a proper Treasury Office for me to function effectively. Al financial documents artd records are kept with the 2nd Defendant and inner caucus alone.
In view of these allegations, she said, “In the light of the foregoing actions bordering on financial crimes, forgery, bribery, money laundering, contravention of electoral laws and attempts to obstruct justice, 1respectfully requested the defendant to comprehensively investigate the activities of the 2nd Defendant from January 2021 till date.
‘The actions of the 2nd Defendant has have brought immense disrepute ot our great Party and betrayed the trust of millions of Nigerians, who believe in the ideologies and principles of the 3″ Defendant.”
She also asked the court to quash her suspension because it did not follow the due process of law as she was not given fair hearing before her purported suspension.
A new twist has also been added to the saga with a fresh allegation by a former Acting National Chairman of the party, Mrs. Maria Labara, who acted in that capacity shortly after the sudden death of Abdulladir Abdulsalam in December, 2020.
She also denied signing any cheque between February 7, 2022 and March 18, 2022, the period when the said Ñ14 million and two instances of N7 million were withdrawn from the account of the party by Abure
Mrs Labaka, made these claims during an interview she grated Arise Television, on Saturday, Labaka, said, “The cheques between February 7 and March 18, I did not sign them. I only signed the cheques for March 29 meeting in Benin for the National Working Committee members and states chairmen of the party.
“I also Abure forged my signature for the change signatures as national chairman.”
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Adedini Hails Famadewa’s Appointment, Describes It as Pride for Ife Kingdom
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Engr. Marcus Adedini, Aspirant for Ife Federal Constituency, heartily congratulate the distinguished Ife-born retired military officer, Major General Adeyinka FAMADEWA (Rtd), on his well-deserved appointment as Special Adviser on Homeland Security by President Bola Ahmed Tinubu.
This prestigious appointment is a clear recognition of your years of meritorious service, professionalism, discipline, and unwavering commitment to national development and security.
Your appointment has brought immense pride, honour, and joy to the people of Ife Kingdom, as it further reflects the excellence and capacity of our sons and daughters who continue to contribute meaningfully to nation-building. Your outstanding record of leadership and dedication to service remains a great source of inspiration to many across the country.
As you assume this important national assignment, I am confident that your wealth of experience and strategic leadership will contribute significantly to strengthening peace, stability, and homeland security in Nigeria.
I pray that God grants you wisdom, strength, and greater success in this new office. Congratulations once again, Sir.
Signed:
Engr. Marcus Adedini
Aspirant, Ife Federal Constituency
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Humanity, Leadership and Legacy: Ooni of Ife Celebrates Prince Eludoyin at 78
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The Permanent Chairman of the Southern Nigerian Traditional Rulers Council (SNTRC), Arole Oodua Olofin Adimula and the Natural Head of the Oduduwa race worldwide, the Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi, CFR, Ojaja II, has celebrated renowned businessman and illustrious son of Ile-Ife, Prince Eludipo Elusanmi Eludoyin, on the occasion of his 78th birthday.
In a statement on Monday released by the Director of Media and Public Affairs, Ooni’s Palace, Otunba Moses Olafare, the Ooni who is also the Permanent Co-chairman of the National Council of Traditional Rulers of Nigeria (NCTRN) described Prince Eludoyin as one of the shining lights of Ile-Ife whose life has remained dedicated to hard work, service to humanity and the growth of Nigeria’s economy.
The Ooni praised the Ife-born business mogul for his remarkable achievements in the international business community, noting that his contributions through Paragon Holdings Limited and other business platforms have created employment opportunities for thousands of people while also supporting meaningful development projects within and outside Nigeria.
Ooni Ogunwusi said Prince Eludoyin’s impact goes beyond business, describing him as a man who has consistently used his success to uplift people and support communities through various philanthropic activities.
According to the Ooni, the celebrant’s humility, wisdom and commitment to humanity have earned him respect across different sectors both in Nigeria and abroad.
The royal father also acknowledged Prince Eludoyin’s longstanding relationship with President Bola Ahmed Tinubu, describing the celebrant as a trusted confidant and loyal friend whose influence and experience continue to contribute positively to national development.
“Prince Eludoyin is a pride to Ile-Ife and the Yoruba race. His life story is one of vision, resilience and service. At 78, he remains a source of inspiration to younger generations who desire success built on integrity, excellence and compassion,” the Ooni stated.
The Ooni prayed for more years of sound health, peace, strength and continued accomplishments for the elder statesman as he continues to serve humanity and contribute to the progress of society.
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Between Hope and History: What Nigerians Expect from Tegbe as Power Minister
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By Michael Olukayode
For decades, electricity has remained Nigeria’s most enduring national embarrassment. From military administrations to democratic governments, promises of stable power supply have come and gone with little to show beyond recurring darkness, collapsing grids, abandoned projects and rising public frustration.
Now, with the appointment of Joseph Olasunkanmi Tegbe as Minister of Power, expectations are once again rising. Yet unlike in previous eras, Nigerians are no longer impressed by ambitious declarations. They are demanding results.
The question confronting Tegbe is not whether he understands the scale of the crisis. It is whether he can succeed where many before him failed.
Nigeria’s electricity sector is littered with the ruins of grand promises.
From the Olusegun Obasanjo administration’s multi-billion dollar National Integrated Power Projects (NIPP), to the Goodluck Jonathan-era privatisation of generation and distribution companies, successive governments repeatedly promised that stable electricity was around the corner. Under former President Muhammadu Buhari, Nigerians were told that the Siemens-backed Presidential Power Initiative would revolutionise transmission and distribution. The current administration of President Bola Ahmed Tinubu also pledged sweeping reforms, improved generation and a more efficient market-driven electricity sector.
Yet millions of Nigerians still rely on generators as their primary source of power.
The irony remains painful: Africa’s largest economy continues to generate barely between 4,000 and 5,000 megawatts for over 200 million people, despite an installed capacity exceeding 13,000MW.
Entire industries have collapsed under the burden of self-generated electricity. Small businesses spend more on diesel than on salaries. Manufacturers complain of rising operational costs. Students study under torchlights. Hospitals struggle to preserve vaccines and operate life-saving equipment. For many Nigerians, electricity is not merely an infrastructure issue; it is the dividing line between poverty and productivity.
That is why Tegbe’s appointment comes with enormous pressure.
Unlike many previous political appointees in the sector, Tegbe comes into office with the image of a technocrat rather than a career politician. A chartered accountant and management consultant, he built his reputation in the private sector through years of corporate advisory work, investment strategy and institutional restructuring. He previously served as the Director-General and Global Liaison for the Nigeria-China Strategic Partnership, where he was credited with helping to deepen investment engagement between Nigeria and Chinese investors in infrastructure, manufacturing and industrial development initiatives.
Before that appointment, Tegbe had a long corporate career spanning consulting, finance and business transformation. He worked with multinational consulting firm Deloitte and later became a senior business strategist with extensive experience in public-private partnerships, governance systems and economic planning. Supporters argue that this background gives him a better understanding of the financial and structural complexities that have crippled Nigeria’s power sector for years.
His defenders also point to his record in economic coordination and institutional reforms, arguing that the electricity crisis is no longer just a technical problem but a management and governance challenge requiring strategic execution, investor confidence and policy discipline.
At his Senate screening, Tegbe outlined a reform agenda focused on improving gas supply, strengthening grid reliability, accelerating metering, enforcing accountability among distribution companies and restoring financial discipline across the sector.
Those priorities are significant because Nigeria’s electricity crisis is no longer just about generation. The problems are systemic.
Generation companies complain of unpaid debts and inadequate gas supply. Distribution companies struggle with huge financial losses, weak infrastructure, electricity theft and poor revenue collection. Transmission infrastructure remains fragile and outdated, leading to frequent system collapses and stranded power capacity.
The national grid itself has become symbolic of institutional weakness. Grid collapses have repeatedly plunged large sections of the country into darkness, disrupting businesses and exposing the fragility of the system. Regulatory reports continue to show wide gaps between installed generation capacity and actual available electricity supply.
For many Nigerians, these recurring failures have destroyed public confidence.
Citizens openly question whether government officials genuinely intend to solve the crisis or merely manage it politically. Some blame corruption and weak regulation; others argue that decades of policy inconsistency and poor implementation are the real culprits.
That skepticism explains why Tegbe’s promises are being greeted with cautious optimism rather than celebration.
Still, his supporters believe he enters office with certain advantages. His experience in corporate restructuring and investment negotiations may prove useful in a sector desperate for efficiency, investor confidence and credible execution. But technical knowledge alone will not solve Nigeria’s electricity crisis.
What the sector requires most is political courage.
Any meaningful reform will involve difficult decisions: enforcing payment discipline, restructuring failing distribution companies, addressing subsidy distortions, improving tariff transparency, tackling electricity theft and compelling stronger private sector accountability. These reforms are politically sensitive because electricity affects every household and business in the country.
The minister must also confront the deeper institutional problem that has undermined previous reforms — weak governance.
Over the years, billions of dollars have reportedly been invested in power infrastructure with minimal impact on supply. Projects are often launched with fanfare only to disappear into bureaucratic delays, contractual disputes or funding crises. Nigerians have grown weary of ceremonial commissioning without measurable outcomes.
That is why measurable targets will matter more than speeches.
If Tegbe hopes to build public trust, Nigerians will expect clear timelines, transparent reporting and visible improvements in supply stability. Citizens want fewer excuses and more accountability. They want to know why power plants cannot get gas despite Nigeria’s enormous natural gas reserves. They want to know why transmission bottlenecks continue years after repeated intervention programmes. They want to know why estimated billing still persists despite promises of mass metering.
Most importantly, they want leadership that acknowledges that electricity is central to national development.
No serious industrial economy can thrive in darkness.
Countries that transformed their economies invested heavily in stable electricity infrastructure. Without reliable power, Nigeria’s ambitions for industrialisation, digital innovation, manufacturing growth and foreign investment will remain severely constrained.
The challenge before Tegbe therefore goes beyond fixing transformers or stabilising the grid. His real assignment is to restore credibility to a sector where public trust has nearly collapsed.
There are signs that structural reforms may finally be gaining momentum. The Electricity Act 2023 has opened the door for states to develop independent electricity markets, reducing overdependence on the fragile national grid. Several states are already moving toward decentralised power arrangements.
But Nigerians have heard reform language before.
What they seek now is evidence.
The success or failure of Tegbe’s tenure may ultimately depend on one simple question: can his administration deliver stable and predictable improvement, even if gradual?
If he succeeds, he could become the minister who finally begins the long-delayed transformation of Nigeria’s electricity sector.
If he fails, he risks joining a long list of officials whose promises disappeared into the darkness Nigerians know too well.
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