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EFCC grills Oduah over N9.4b contract

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oduah

After about 10 months of dilly-dallying, former Aviation Minister Stella Oduah yesterday appeared before an Economic and Financial Crimes Commission (EFCC) panel.

She was grilled for about eight hours by detectives over a N9, 443,549,531.25 contract awarded to I-Sec Security Nigeria Limited for the procurement and installation of security equipment in 22 airports.

She showed up as the agency got set to declare  her wanted.

A United States (U.S.) firm, Psybernetix Limited, has alleged that the ex-minister hijacked the contract for a firm  in which she has a stake.

The EFCC may invite the representatives of the US company to testify against Mrs. Oduah, it was learnt yesterday.

According to a source, Mrs Oduah, who arrived at the EFCC Abuja office at about 11am, was immediately taken to a team of detectives for interrogation.

The source, who pleaded not to be named, said: “After shifting many appointments in the last 10 months, Sen. Stella Oduah came for grilling on the N9, 443,549,531.25 contracts awarded to I-Sec Security Nigeria Limited for the procurement and installation of security equipment in 22 airports across the country.

“We invited her since 13th June, 2017 but she kept giving excuses. We were about to declare her wanted when she appeared before our team.

“The allegations against her include non-execution of the project in some airports, abandonment of the contract in a few ones, diversion of part of the contract sum and suspected case of money laundering.

“We have taken her statement and from this preliminary interrogation, she will still need to come again because many people and organisations are coming up with figures.”

Psybernetix Limited was originally awarded  the contract. It alleged that the contract was unilaterally awarded to I-Sec Ltd without any approval by ex-President Goodluck Jonathan.

The firm, in a status report  obtained by The Nation, said: “We are a successful and experienced US-based Firm of National security Consultants, with projects across the world.

“We also have an office in Abuja, amongst other strategic world capitals. Aviation Security, being one of our areas of practice, we wrote the 88-page proposal for the Nigerian project under reference, spent millions of dollars bringing in various experts to make presentations in Nigeria, local logistics, travel, and sundry fees.

“Our senior executives lived at the Abuja Hilton for over a year, working exclusively on securing these contracts.

“We still have the original award letters, but we had to walk away from the projects two days to the full (100 %) disbursement of the contract value, as approved by the President in writing, because of the outrageous, brazen, extortionate, and criminal demands made.

“The question that should interest all serious-minded people should be: Why did Psybernetix that had spent a lot of money and time chasing these two contracts reject the contracts two days before the full payment for the first contract (N9.4 billion) was to be made?

“ We wasted a year and a lot of money chasing these opportunities, but our principles dictated that we should  not accept Ms. Oduah’s demands.

“One of her principal demands was to engage a newly-incorporated company with zero experience in Security, Program Management, Project Management, or Global Logistics, as our technical partners. On what basis really? What impudence?

“ She also wanted us to issue post-dated cheques totaling several billions of Naira in favor of this her preferred company (I-Sec Ltd, as well as Zuren Ltd), front companies belonging to her friend and business partner, Walter Wagbotsama.

“This man has just been jailed in the UK for international money laundering and fraud. His associates are still in Nigeria, and we know them all. We know her bankers and all their modus operandi. These details have been shared with our Attorneys in the US and Nigeria, as well as certain law enforcement agencies in the US.

A few valid and germaine posers:

“•       We refused outright to have anything to do with Stella Oduah’s companies, especially I-Sec (a company that was hastily incorporated to perpetrate this fraud). This company had zero Security, Program Management, Project Management, or Global Project Execution experience, so, on what basis would a company of our stature and reputation engage them as our technical partners?

“•  It will be appropriate to see the so-called (obviously forged) document(s) purporting to reflect this so-called technical partnership. We can easily provide our standard letterhead and specimen signatures as well as our standard Technical Partnership Agreement, for easy comparison, if required.

“•Can Stella Oduah and her cohorts please provide the documents evidencing the approvals and contract awards to I-Sec? We have ALL our documents, and there is zero mention of I-Sec on any of them.

“ It is offensive and preposterous for Stella Oduah to claim that we rejected the contracts because the contract value was reduced from N10 billion to N9.4 billion. This is silly, false. The contract value was never N10b. We rejected the contracts because we rejected her demands and conditions. We refused to stain our reputation by acceding to her requests, including writing cheques totaling several billions of Naira upfront in favor of her front companies, including I-Sec.

“When we rejected the contracts, she altered and forged documents, and unilaterally awarded the contracts to I-Sec Ltd; this was her preferred position ab initio.

“Can Stella Oduah provide documents to show that the President, FEC, BPE, etc., approved the formal transfer of the contract to I-Sec? She cannot, because no such approvals were  sought or obtained. She arbitrarily and fraudulently converted our rights under the contracts to her front company, I-Sec Ltd., on the false, criminal, and wicked representation that they were our Technical Partners !!!

“Even if theoretically, there was ANY technical partnership between the two companies (and there was none, as I-SEC had zero value to add to us, and we had determined that I-SEC was clearly incorporated by Stella Oduah and Walter Wagbotsama for the purpose of defrauding both ourselves and the Federal Government), the proper thing to do when we (the sole awardee of the contracts) reluctantly decided to forgo the contracts was to start the Procurement and Approval process all over again, and not to casually forge documents, misrepresent facts, and assign the contracts to one’s front company— a company that had zero pedigree, track record, or known to the Approving Authorities.

“Our international reputation and track record was, thus, used to secure the contracts, only for Stella Oduah’s company with zero experience to inherit the benefits. A classic case of fraud.

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Rebuilding Nigeria’s Railway Future: From Constraints to Greater Possibilities

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Dr. Kayode Opeifa

Every morning, thousands of Nigerians traveling between Abuja and Kaduna ask the same question: Will I get a train ticket today?

We at the Nigerian Railway Corporation (NRC) understand the frustration. More than 5,000 intending passengers compete for the limited seats available on the corridor, while the current service accommodates only a fraction of that demand.

We hear the complaints about tickets selling out quickly. We see the disappointment of passengers who log on to the booking platform only to discover that seats have been exhausted. We know that some have had to alter their plans or seek alternative means of transportation.

These concerns are legitimate, and we cannot wish them away.

But Nigerians also need to understand the operational reality. Demand for rail transportation has grown considerably, particularly on the Abuja–Kaduna corridor, while available capacity has not kept pace.

At different periods, three train sets were deployed on the route, providing substantially more daily trips. Today, one operational rake is serving the corridor, placing considerable pressure on available seats.

In the last three months, NRC management has added three coaches to the operating rake: one Executive Coach with 28 seats and two Standard Coaches with 88 seats each. The additions have increased the rake to nine coaches and created 204 extra seats for passengers on each journey.

It is an important step, but we recognise that more needs to be done.

We are working with the Federal Government and other stakeholders to address the larger requirements for restoring and expanding train services. We remain confident that the necessary interventions will be made.

Improving the railway, however, is not only about adding coaches and trains. It is also about improving the passenger experience.

Our immediate priority is to ensure that critical facilities at stations along the Abuja–Kaduna corridor including air-conditioning systems, elevators, escalators and lifts are fully functional. Passengers should not have to choose between safety, reliability and comfort.

We are equally strengthening our ticketing and passenger-verification systems. Ticket racketeering remains a concern, and our responsibility is to ensure that available seats go to genuine passengers through a transparent and secure process.

But technology cannot solve a capacity problem. Ultimately, we need more operational trains, more coaches and more trips.

The near completion of the Kano Mega Train Station along the Kaduna–Kano Railway Corridor represents more than the construction of another station. It offers a glimpse of the modern railway system Nigeria should have.

A railway station should not merely be a place where passengers board and alight. It should be a functional transportation hub designed around the needs, safety and dignity of the passenger.

The Kaduna–Kano corridor is strategically important, linking major population centres and commercial communities while strengthening rail connectivity across northern Nigeria. The Kano station is therefore part of a broader vision of a railway capable of supporting passenger mobility, freight movement and economic activity.

We know that Nigerians will judge us not by our promises but by their experience when they use our trains.

There will be operational constraints, and there will be complaints. We must listen to them. But there is also progress.

Additional coaches are being deployed where possible. Maintenance is being prioritised. Station facilities are receiving attention. Ticketing systems are being strengthened, while our engineers and technical personnel continue to keep the railway moving under challenging circumstances.

Our responsibility is to make the best use of the resources entrusted to us, improve efficiency, protect railway assets and ensure that investment in the railway delivers value to Nigerians.

For the passenger waiting at midnight to secure an Abuja–Kaduna ticket, these larger developments may seem distant. What matters is getting a seat.

That is why increasing capacity remains one of our most urgent priorities.

The additional coaches are important steps. More coaches, more trains and more reliable services must follow.

The Kano Mega Train Station is another step towards the railway system we are building for the future.

We ask for the patience of our passengers, but we do not take that patience for granted.

We owe Nigerians results. And we will continue working with the federal government and other stakeholders to build a railway system that Nigerians can depend on not only today, but for generations to come.

Opeifa is the Managing Director of the Nigerian Railway Corporation.

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FCCPC Tackles Rising Cement Prices, Investigates Alleged Manipulation

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Agency summons product manufacturers to explain pricing methodology, others
CEMENT PRICES
Kenya N7,344
Tanzania N6,528
Togo N9,180
Nigeria N15,000

Cement manufacturers are under the searchlight of the Federal Competition and Consumer Protection Commission (FCCPC) over rooftop prices of cement, the agency has confirmed.

It said the probe followed an extensive industry-wide investigation that suggested possible manipulation of product prices in the Nigerian market.

The FCCPC stated that findings from a three-month cross-border study by its Anti-competitive Practices Department (ACP), undertaken in response to widespread public complaints over the high cost of cement, provided reasonable ground for probe of the cement manufacturers.

According to the commission, subsequent to the findings, it has issued “Notices of Commencement of Investigation and Summons to Producer” to the key players in the sector.

With the summon, the companies are required to provide information and records relating to, among other matters, their pricing methodologies, production and capacity utilisation, exports and relevant commercial relationships.

Three companies account for more than 90 per cent of Nigeria’s cement production. They are: Dangote Cement Plc, HMB Nigeria Plc, formerly known as Lafarge Africa Plc. and BUA Cement Plc.

FCCPC stated that its actions were sequel to concerns raised over the comparatively high retail price of cement in the local market compared with other markets, despite the country’s substantial limestone deposits, significant domestic production capacity and reported surplus installed capacity relative to domestic consumption.

The commission explained that, beyond Nigeria, its investigations extended to markets in sub-Saharan Africa like Kenya, Tanzania and South Africa as well as Egypt, Morocco and Algeria, using metrics such as availability of limestone, the basic raw material for cement production, as well as other variables such as population, production capacity and consumption.

The commission’s survey indicated that Nigeria has installed cement production capacity of more than 60 to 65 million metric tonnes annually, while estimated domestic consumption is approximately 25 to 30 million metric tonnes.

Nigeria is also a net exporter of cement to neighbouring markets, a statement signed by its Director of Corporate Affairs, Ondaje Ijagwu, stated.

The FCCPC statement reads: “Of particular concern to the Commission is that this level of production capacity has not resulted in the downward pressure on domestic prices that might ordinarily be expected in a competitive market with substantial excess capacity.”

Executive Vice Chairman and Chief Executive Officer (EVC\CEO) of the commission Mr. Tunji Bello said the investigation reflected the commission’s responsibility to examine market conditions that have significant consequences for consumers and the wider economy.

FG charges bakers, operators on production process, right labelling
He said: “Cement occupies a strategic place in the Nigerian economy. Its price affects the cost of building a home, developing commercial property, delivering public infrastructure and, ultimately, the cost of doing business. When concerns persist about how such an important market is functioning, the Commission has a duty to look beyond assumptions and establish the facts.” DownloadingInteractive Geographic Maps

He explained that the scrutiny is not intended to dictate the commercial decisions of businesses, rather, it is to determine whether the market is functioning competitively and whether consumers are receiving the benefits that effective competition should provide.

Bello said: “Businesses are entitled to make legitimate commercial decisions and earn returns on their investments. Competition law does not prevent that. Its purpose is to protect the competitive process, so that prices, output and other market outcomes are determined by genuine competition rather than conduct that unlawfully restricts it. That distinction is important to the work we are undertaking”.

The FCCPC spokesman provided additional details on the findings from the ACP investigation.

He said: “For instance, Kenya with 58.6 million population, 76 per cent lower than Nigeria’s population, had domestic cement demand of approximately 9.3m metric tonne per annum (MTPA) in 2025. Retail price in Nairobi is $5.40 or N7,344. Kenya is endowed with limestone. DownloadingInteractive Geographic Maps

“Tanzania, with population of 66.3 million, 72 per cent lower than Nigeria’s population, had domestic cement demand of 9.3m MTPA by 2025 with a bag of cement selling for $4.80 or N6,528.

“In Togo, which does not have limestone deposit, a bag of cement sells for $6.75 or N9,180.

“However, in Nigeria, with its huge limestone deposit and installed capacity, market intelligence reviewed by the commission showed that the retail price of a 50kg bag of cement rose significantly during the first half of 2026. DownloadingInteractive Geographic Maps

“A cement bag selling for between N9,300 and N9,700 in January was selling for between N10,500 and N13,000 by mid-year and by July, prices had risen to between N13,000 and N15,000 in some parts of the country.”

The commission noted that information provided by industry participants had identified energy costs, depreciation of the naira and its effect on imported machinery and spare parts, as well as transportation and logistics costs, among the factors contributing to cement prices.

It said: “The Commission is testing these explanations against verified information on costs, production, pricing and market conditions. However, the weight of preliminary findings provides sufficient grounds for the investigation to continue.

“Next is to determine whether prevailing cement prices can be explained by legitimate costs and market conditions, or whether there is evidence of coordinated conduct, abuse of market power, restriction of domestic supply, anti-competitive distribution practices or other conduct contrary to the provisions of the FCCPA.”

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NDLEA Nabs KC Luxury, Busts Cocaine Trafficking Cartel in Lagos

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Social Media influencer, Afolabi Kazeem Michael, popularly known online as KC Luxury. Credit: NDLEA
Social Media influencer, Afolabi Kazeem Michael, popularly known online as KC Luxury. Credit: NDLEA

The National Drug Law Enforcement Agency has dismantled an international cocaine trafficking cartel that allegedly used Nigeria as a transit hub for moving illicit drugs to the United Kingdom, other parts of Europe and Asia.

The agency also arrested the alleged Nigerian arrowhead of the syndicate, a self-styled luxury goods dealer and social media influencer, Afolabi Michael, popularly known online as “KC Luxury,” as he attempted to flee the country.

A statement by the agency spokesman, Femi Babafemi, on Tuesday, said the Chairman and Chief Executive Officer of the NDLEA, Brig. Gen. Mohamed Marwa (retd.), disclosed this while addressing journalists in Lagos on Tuesday.

Marwa described the operation as one of the most significant narcotics investigations undertaken by the agency in recent times, saying it led to the seizure of 184.50kg of cocaine, the largest cocaine seizure made through a courier company in Nigeria.

According to him, the operation began with the interception of the cocaine consignment concealed for onward export through a courier logistics channel in Lagos.

He said following the seizure, he directed the constitution of a Special Investigation Team to trace the entire network behind the shipment, from the couriers to the masterminds.

Marwa said the cartel hoped to realise as much as N39bn from the consignment through its international distribution network.

“The operation began with the interception of a consignment of 184.50 kilograms of cocaine concealed for onward export through a courier logistics channel in Lagos. Given the scale of the seizure.

“I immediately directed the constitution of a Special Investigation Team, with a mandate to trace the entire network behind the shipment, from the couriers to the masterminds.

“The cartel was hoping to realise as much as N39 billion from the consignment through their international distribution network, ” the statement quoted Marwa as saying.

Working with the management of the courier company involved, Marwa said NDLEA operatives unravelled a network of intermediary companies and individuals used to process the consignment, leading to the arrest of two key suspects, among others.

“The first, Lawal Mujab Kehinde, a staff member of the logistics firm through which the cocaine was processed, was found to have a direct and sustained relationship with the cartel’s Nigerian coordinator. Investigation also established that he packages and processes consignments for the syndicate, routes them to the United Kingdom, other parts of Europe and Asia, while he was paid in cash.

“The second and more prominent suspect is Afolabi Kazeem Michael, popularly known online as “KC Luxury,” whom investigations identified as the Nigerian arrowhead of the cartel. Parading as a social media influencer and businessman dealing in gold, jewellery, and luxury goods, Afolabi used his glamorous public image to disguise a criminal enterprise moving cocaine along a pipeline stretching from South America, through Nigeria, to the United Kingdom, other parts of Europe and Asia,” Marwa said.

Marwa said Afolabi was arrested at the boarding gate of the Murtala Muhammed International Airport, Lagos, on August 13, 2026, after intelligence indicated that he planned to flee the country on a business-class flight to Paris.

He said the suspect was found in possession of €7,750, £2,800 and N100,000 cash, as well as expensive jewellery.

A subsequent search of his luxury apartment on Banana Island, Ikoyi, Lagos, also led to the recovery of exotic vehicles, according to the NDLEA boss.

Marwa said investigations further showed that the cartel used false identities to conceal the true consignors of its shipments and relied on financial facilitators who moved billions of naira on its behalf.

He added that the syndicate maintained criminal contacts in the UK, some of whom had been arrested by British authorities in connection with the same cartel.

The NDLEA boss linked the operation to recent successes against transnational drug networks, including the dismantling of the Switzerland-based Simon Amadi drug cartel, which allegedly laundered millions of dollars through dark web marketplaces, as well as the takedown of two Nigerian-Mexican methamphetamine syndicates operating clandestine laboratories in forests in Ogun and Oyo states.

Marwa said the latest operation demonstrated that drug traffickers could no longer hide behind luxury lifestyles, forests, ports or courier companies.

“These operations send an unmistakable signal that this Agency’s reach extends into the ports, the forests, the luxury apartments, and the departure lounges alike, and that no sanctuary exists anywhere in Nigeria for those who traffic in poison,” he said.

He noted that drug trafficking organisations had recently shifted from seaports and airports, where scrutiny had intensified, to courier and logistics companies, which they allegedly considered less monitored channels for moving narcotics across international borders.

Marwa said the dismantling of the cartel, from the interception of the cocaine consignment to the arrest of its alleged Nigerian coordinator, demonstrated the agency’s capacity to detect traffickers wherever they operated.

“There is no alternative route into or out of Nigeria for illicit drugs that this Agency cannot police,” he stated.

The NDLEA chief also described the operation as a product of international cooperation, noting the near-simultaneous arrests of suspected cartel members in Nigeria and the UK.

He commended the agency’s international partners and members of the Special Investigation Team, coordinated by the Director of Operations and General Investigation, for their professionalism in unravelling the syndicate.

Marwa warned individuals who use luxury brands, glamorous lifestyles and social media personas to conceal drug trafficking activities that the agency would track them down.

“To those who believe they can hide behind luxury brands, glamorous lifestyles, and social media personas while trafficking poison into our communities and across our borders, this Agency will find you,” he said.

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