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EFCC grills Oduah over N9.4b contract

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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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$2 billion Investment: Be part of our steady rise, Tinubu tells diaspora Nigerians

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The rise of Nigeria to its rightful place in the comity of nations has begun, the president declared yesterday.

President Bola Ahmed Tinubu assured Nigerians in the Diaspora that the country’s economy is stabilizing, opportunities are expanding, and reforms are yielding visible results.

He spoke during an interactive session with members of the Nigerian community in Japan.

The session was held on the sidelines of the ninth Tokyo International Conference on African Development (TICAD9).

The President said his administration is determined to reverse negative trends and make the country a land of prosperity for its citizens at home and abroad.

“All I want to do is assure you that things are stable, the economy is stabilized, the opportunity is immense, people are coming back, we are reversing the medical tourism in every way that we could, and I can give you the assurance we are seeing the beginning of Nigeria rising,” Tinubu said to an applause.

He reminded the Diaspora audience that while it is a personal right to remain abroad, the nation still depends on their input to achieve its developmental aspirations.

He said government’s priority is to create an environment where every citizen, home or abroad, can feel the positive impact of change.

“I am happy to listen to you for whatever. Happy to report to you that many of our people are coming back home. Yes, for economic reasons, some people might decide to stay away, it’s a fundamental right of the individual, but for the economic growth and opportunity that is available in Nigeria, don’t stay away. Your contribution is very much needed. If you stay away, who will build it?” the President asked.

Tinubu emphasized that his government is committed to creating an environment where every Nigerian can thrive, noting that governance is about “thinking and doing,” promoting unity, stability, and progress.

He urged Nigerians abroad to remain good ambassadors of their country and to reflect positively on its image, stressing that “poor comments and negative reflections will not help the growth of Nigeria.”

The Minister of State for Industry, Trade and Investment, John Enoh, who also addressed the gathering, highlighted the bold reforms undertaken by the Tinubu administration since its first day in office.

He recalled that the World Trade Organization’s Director-General, Dr. Ngozi Okonjo-Iweala, had recently commended Nigeria’s policy direction, describing the reforms as the foundation of future growth.

According to him, we have a President who is undoubted, who is focused, and who is pursuing the reforms that our country deserves.

Khalil Halilu, Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI), reported that Nigeria is now witnessing accelerated technology transfer as a direct result of presidential policies.

He said that more than 1,000 applications had been received globally for investment in Nigeria’s technology and industrial sectors, with over $2 billion already committed and factories set to be established in partnership with Japanese firms.

From the private sector, Wale Tinubu, Group Chief Executive Officer of Oando Plc, praised the administration’s economic reforms, especially the liberalization of the exchange rate and removal of fuel subsidies.

He said these decisions had improved government revenues, boosted foreign investment, and spurred growth across sectors ranging from oil and gas to mining, telecommunications, and small enterprises.

“We’ve never experienced the closeness with government as we do today,” he remarked.

Also, Mrs. Florence Akinyemi Adeseke, Nigeria’s Chargé d’Affaires in Tokyo, hailed the contributions of Nigerians in Japan, particularly academics and professionals excelling in various fields.

She acknowledged the challenges posed by a few nationals in breach of immigration laws.

She described the meeting as an opportunity to strengthen bonds with the Diaspora community under Nigeria’s new foreign policy thrust.

The President of the Nigerian Union in Japan, Emeka Egbogota, welcomed Tinubu to the “Land of the Rising Sun” on behalf of the community, describing his presence at TICAD9 as a source of pride and unity.

He praised the President’s vision for a prosperous Nigeria driven by technology, entrepreneurship, and inclusive growth, pledging the community’s support for his administration’s agenda.

The interactive meeting ended with a renewed sense of partnership between the government and its citizens abroad, with President Tinubu reiterating his commitment to ensuring that every Nigerian has a role to play in the unfolding story of the country’s progress.

 

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BREAKING: By- Election, DSS arrests PDP agent with N30m cash for alleged vote-buying in Kaduna

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The Department of State Services (DSS) and Police have arrested a suspected People’s Democratic Party (PDP) agent, Shehu Fantagi, with about N30 million allegedly earmarked for vote-buying ahead of today’s by-elections in Kaduna State.

Fatangi was picked up on Friday evening at a hotel in the Kaduna metropolis, where he was said to be coordinating the distribution of the funds meant to influence voters in the Chikun/Kajuru Federal Constituency election.

Reliable security sources confirmed that the suspect was caught in possession of cash running into tens of millions, allegedly intended to compromise the integrity of the polls.

The Kaduna State Police Command also confirmed the arrest.

Its spokesman DSP Mansir Hassan, in a statement on Saturday said: “In a sustained and collaborative effort by security agencies to ensure that the forthcoming by-elections in Kaduna State are conducted peacefully and without interference from criminal elements, operatives of the Nigeria Police Force in conjunction with the Department of State Services (DSS) have successfully apprehended vote buyer in Kaduna.”

According to him: “At about 0330hrs of today, arrested one Shehu Aliyu Patangi at a popular hotel located along Turunku Road in Kaduna metropolis and recovered a total cash sum of Twenty-Five Million, Nine Hundred and Sixty-Three Thousand Naira (₦25,963,000) from the suspects, believed to be earmarked for the purpose of inducing voters to compromise the electoral process.

“Preliminary investigations revealed that the suspect had planned to use the said amount to bribe eligible voters. On interrogation the suspect confessed to the crime and pleaded for leniency.

“The Commissioner of Police, CP RABIU MUHAMMAD psc, mni, expresses appreciation to the other sister agencies for the synergy and swift collaborative action. He warns, in the strongest terms, that anyone, regardless of status, found attempting to undermine the electoral process will face the full wrath of the law.

“The Kaduna State Police Command reassures residents of its commitment to providing maximum security before, during and after the elections, and calls on the good people of Kaduna State to go out and exercise their franchise peacefully and lawfully without fear or intimidation.”

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Bye-Election: Crisis Rocks Labour Party as Obi Directs Members to Vote for Other Party , Abure Says ‘Ignore Him’

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The attention of the leadership of the Labour Party has been drawn to a statement by the party’s former presidential candidate, Mr. Peter Obi, directing party members to cast their votes for another party in the August 16, 2025 bye-election. The party said that Obi’s directive is misleading, mischievous and delusional.

The party is however calling on all our faithful party members to ignore this malicious directive and go ahead with casting of their votes for the Labour Party and their candidates.

It is unfortunate that Obi has turned himself to an irony and a paradox in the Nigeria political space. He is now reputed to have elevated subterfuge in the game of politics and has of late been crying wolf where there is none. He has turned himself into “Uber” politician, not willing to take a position and stand by his decision. He has now booked a place for himself in the Guinness book of records as a person affiliated to many political parties pari pasu, all in his desperation to preside over Nigeria.

Nigerians should not forget in a hurry that it was Peter Obi that created the crisis in the Labour Party which he is now citing as a reason why people should not vote for the party. Peter Obi and Alex Otti the Governor of Abia State hosted the ill-fated and illegal expanded stakeholders meeting in Umuahia, September 4, 2024. He has also co-funded the crisis all these while and went as far as leading a protest match to INEC headquarters against his own party.
His desperation to control the soul of the party has made him go haywire.
A man that received so much goodwill from the party leadership but turned around to pay them with evil. This is why we have maintained that Peter Obi lacks the competence, character and capacity to actualise the vision of a new Nigeria.

What Obi does not know is that Labour Party is on the ballot and our candidates are contesting the election in spite of all his efforts to strangulate the Labour Party. The party unknown to him has done everything within the law to ensure that our candidates participate in the bye-election and of course in all other future election.

We are therefore encouraging our candidates, members and supporters across all the states where bye-election is holding to be focused and ensure that we carry out our civic duties by returning Labour Party and the candidates elected. Nigerians have come to know who Peter Obi is.

 

 

 

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