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How Oduah, others shared N3.9b airports contracts cash

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oduah

EFCC grills 61 suspects

Director returns N240m

WHO GOT WHAT

•N839, 780,738.09 was remitted to Broadwaters Resources. The cash was diverted to liquidate a loan.
•N1, 629,250,000 was paid into the account of Global offshore and Marine Limited out of which about N840m went to Crystal TV Limited. The signatories to the account of Crystal TV are related to Stella Oduah
•About N780million was transferred to Tip Top Global Resources Ltd belonging to the family of a former Secretary to the Government of the Federation, Sen. Anyim Pius Anyim. Anyim’s staff were discovered to be signatories to the account

There is N9.4 billion meant for the installation of security devices at the 22 airports?

This is the knot the Economic and Financial Crimes Commission (EFCC) is battling to untie.

Its detectives have traced about N3.9billion of the N9.4billion to a company belonging to a former Minister of Aviation, Sen. Stella Oduah and five other firms.

The firms are Broadwaters Resources Company Limited; Sobora International Limited; Global offshore and Marine Limited; Tip Top Global Resources Limited and Crystal TV .

About 61 suspects have been grilled by the anti-graft agency in connection with the alleged diversion of the cash.

The EFCC has obtained a court order to impound six dredging vessels, quarry equipment and some equipment bought for Crystal TV under the Interim Forfeiture clause in its Act.

The commission has raised a team to interrogate Mrs Oduah, a senator.

According to a fact-sheet, which was obtained by our correspondent, Tip Top Global Resources Limited, which is linked with the family of a former Secretary to the Government of the Federation, Sen. Anyim Pius Anyim, was paid N780million for unknown services.

The document states: “The contract is for the sum of N9,443,549,531.25 for the procurement and installation of equipment in 22 airports. No evidence that due diligence was carried out before the contract was awarded.

“ This contract was initially awarded to a company called Cybernetics Limited. Ex- President Goodluck Jonathan approved the award to Cybernetics and  the Bureau of Public Procurement issued a certificate of no objection. But due to the reduction of  the cost from over N10b

to N9.4b., Cybernetics rejected the award.

“I-SEC, which was supposed to be technical partner to Cybernetics, was later proposed by the ex-Minister of Aviation for the contract.

”Out of the contract sum, N3, 911, 887, 753.56 was fraudulently diverted, misappropriated and laundered through some companies. Investigators have been able to trace the cash.”

A director of I-SEC is said to have refunded about N240million to EFCC out of the slush funds traced to him. The EFCC has located six dredging vessels, quarry equipment and equipment bought for Crystal TV.  An interim forfeiture order has been obtained on these equipment.

The N3, 911, 887, 753.56 was “paid to other beneficiaries who do not have direct or indirectly connection to the execution of the contract.”

“About N839, 780,738.09 was remitted to Broadwaters Resources Company Limited N839, 780,738.09 which had no relationship with I-SEC.   The cash paid into Broadwaters was later diverted into another firm called Sobora International Limited to liquidate an existing loan into First Bank. The shareholders and signatories to the account are people related to Stella Oduah. Her cousin, who is a staff in her private company called SEA Petroleum and Gas Limited was a signatory into the account.

Another N1, 629,250,000 was paid into the account of Global offshore and Marine Limited out of which about N840m went to Crystal TV Limited. The shareholders and signatories to the account of Crystal TV are related to Stella Oduah and the cash was used to liquidate existing loan by Crystal TV.

“From the same N1.6b, about N780million  was transferred to Tip Top Global Resources Ltd belonging to the family of  a former Secretary to the Government of the Federation, Sen. Anyim Pius Anyim where Anyim’s staff were discovered to be signatories to the account.”

Meanwhile, the EFCC has raised a panel to interrogate Sen. Oduah, who is scheduled to appear before the team on February 19th.

“We are set for the ex-Minister’s grilling, it is left to her to keep to the appointment date which she has fixed,” a top source added.

EFCC said: “Oduah was invited on three occasions to report for interview on the 13th June, 2017, 29th June 2017 and 13th November 2017 but she failed to honour any of the invitations.

Rather than appear to face a panel that was raised by the EFCC to interrogate her, Mrs. Oduah, through a letter dated  January 5, 2018, informed the commission that she would  honour the invite on January 29, 2018.

“The letter was duly acknowledged by the commission and just as the investigators were looking forward to her arrival Oduah played a fast one on the EFCC with another letter indicating that she would no longer be available on January 29.

“She cited an invitation by the Deputy Senate President, Senator Ike Ekweremadu, to accompany him to London where he was scheduled to deliver a lecture at the House of Commons on January 25.

“Oduah stated that her next convenient date to honour your invitation is 19th February, 2018.”

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Ondo Sports Council Chairman Declares 2026 ADU Unity Cup Open as Ijapo Ages FC Edges Odigbo LG FC

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The Chairman of the Ondo State Sports Council, Hon. (Coach) Abimbola Oladimeji, has officially declared the 2026 ADU Unity Cup open, marking the commencement of another edition of the football competition aimed at promoting unity, sportsmanship and grassroots football development.

The opening ceremony attracted football enthusiasts and supporters who gathered to witness the start of the tournament and celebrate the spirit of competition among participating teams.

In the opening match, Ijapo Ages FC secured a narrow 1–0 victory over Odigbo LG FC in an entertaining encounter, giving the team a winning start to its campaign in the competition.

The ADU Unity Cup continues to provide a platform for players to showcase their talents, foster unity among communities and contribute to the development of football at the grassroots level.

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Update : Investigator Links El-Rufai to Alleged $600,000 EFCC Payment Plan

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A forensic investigator with the State Security Service, Segun Kayode, on Tuesday alleged that former Kaduna State Governor, Nasir El-Rufai, and some of his associates earmarked $600,000 to settle officials of the Economic and Financial Crimes Commission and intermediaries.

Kayode, the first prosecution witness in the ongoing trial, made the allegation while testifying before the Kaduna State High Court sitting in Kawo, Kaduna, presided over by Justice Darius Khobo.

The witness said $500,000 and $100,000 were allegedly set aside for the payments, adding that forensic audio recordings captured conversations involving El-Rufai and some of his suspected associates.

According to him, the recorded conversations centred on alleged efforts to frustrate an EFCC investigation into a company identified as Singularity.

Kayode named a Senior Advocate of Nigeria, AU Mustapha (SAN); Jimi Lawal; and Bashir El-Rufai among those allegedly mentioned in the conversations.

He told the court that Mustapha and Lawal were allegedly directed to meet one Ahmadu Sule to obtain a template previously used to liquidate another company, with the intention of applying a similar process to Singularity.

The investigator further alleged that the discussions included plans to liquidate the company in Nigeria and Mauritius, where it was reportedly under investigation by the Nigerian Financial Intelligence Unit.

Kayode also alleged that the recordings contained discussions about preventing the EFCC from investigating IHS, which he said was listed on the New York Stock Exchange.

The allegations were presented as part of the prosecution’s evidence against the former governor.

The proceedings lasted nearly eight hours, from 12:26 pm to 8:18 pm, with about two hours devoted to playing the recorded conversations.

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Earlier, El-Rufai’s lead counsel, Paul Erokoro (SAN), objected to Kayode’s testimony, arguing that the witness’s name and summary of evidence were not included in the prosecution’s proof of evidence.

Erokoro argued that the omission undermined his client’s right to a fair hearing, insisting that the defence was entitled to know the evidence it was expected to answer.

However, counsel for the Independent Corrupt Practices and Other Related Offences Commission, Ayodeji Adedipe (SAN), told the court that Kayode was a subpoenaed witness and that the omission did not automatically render his testimony inadmissible.

Adedipe said the subpoena was issued and signed by the court on June 30, 2026, adding that the defence would have the opportunity to cross-examine the witness.

The prosecution counsel also cited judicial authorities in support of his argument.

In his response, Erokoro maintained that the issue was not whether the witness could testify but whether the defence had been adequately informed to prepare for his evidence.

He relied on Section 210 of the applicable Administration of Criminal Justice Law, 2017, and argued that the prosecution should have served the subpoena on the defence.

In its ruling, the court acknowledged that the witness’s name and summary of evidence were absent from the proof of evidence but held that the records showed he had been subpoenaed.

Justice Khobo ruled that the omission did not automatically make the testimony inadmissible, provided the defence was allowed to cross-examine the witness.

The judge consequently overruled the objection and directed Kayode to continue his testimony.

After the witness submitted a hard copy of his findings to the court clerk, the defence complained that the document should have been served earlier to enable it to study the contents.

The judge, however, ruled that the defence could obtain a certified true copy of the document admitted as Exhibit One for examination.

The court adjourned the case until November 30 and December 1, 2026, for continuation of the cross-examination, following agreement by the prosecution and defence.

Our correspondence reported that El-Rufai arrived at the court premises at about 11:50 am, ahead of the scheduled noon hearing, amid tight security.

He was accompanied by the African Democratic Congress governorship candidate in Kaduna State, Isa Ashiru.

His appearance followed an order by Justice Khobo directing the ICPC to produce him in court for the resumed proceedings.

The previous sitting was adjourned on Monday after the former governor was absent following information that he had requested access to his personal physician to review medical test results.

The resumed hearing came days after the Court of Appeal in Kaduna dismissed El-Rufai’s appeal challenging the refusal of bail by the state high court.

In its judgment delivered on October 9, the appellate court upheld the lower court’s decision, ruling that the former governor had failed to establish sufficient grounds to warrant interference with the refusal of bail.

El-Rufai has been in ICPC custody since February 18, 2026, over allegations of financial misconduct linked to his administration of Kaduna State between 2015 and 2023.

The Kaduna State House of Assembly had petitioned the ICPC over the alleged diversion and mismanagement of more than N423bn in public funds during his eight-year administration.

The former governor is facing multiple cases involving allegations of money laundering, abuse of office, fraud and other financial offences before different courts.

He has denied wrongdoing and pleaded not guilty to the charges. The allegations remain subject to judicial determination.

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Update :FG Unveils Additional 10 Steps to Reduce Impact of Rising Fuel Prices

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The Federal Government has announced ten new measures to reduce the pain Nigerians feel from high fuel prices. It insists, however, that none of them brings back the old fuel subsidy for everyone.

The measures were presented by the Federal Ministry of Finance at a press briefing on Thursday, 8 October 2026, titled “Fuel Prices and the Subsidy Question.” The government admitted its earlier steps fell short. According to the presentation, “These measures do not fully relieve the pressure households feel today, so the government is going further.”

The government described the new package as “Help that is targeted, temporary and affordable.” In plain terms, the help is meant for those who need it most, will not last forever, and is designed so that the country can pay for it.

Cheaper petrol and more cash support

The first measure is a discount on petrol sold at NNPC filling stations. The discount will last for the next 30 days, and public transporters, such as commercial bus and taxi operators, will get priority. The government hopes this will help keep transport fares from rising further.

The government also plans to increase cash transfers to vulnerable households. Small businesses will get cheaper loans, known as subsidised credit, to help them cope with higher running costs.

Steps to keep pump prices steady

To protect Nigerians from sudden jumps in world oil prices, the government will sell crude oil in advance to local refineries. This is expected as oil production rises and crude previously committed to other purposes becomes available. The presentation says this will shield “pump prices from global swings.” ShopAfrican Art

The government will also introduce what it calls price modulation. Under this plan, a negotiated limit of ₦1,350 per litre will apply to the ex-gantry price (the price at the depot) or the landing cost (the cost of bringing the fuel into the country). The limit will be reviewed every month, so it can change as conditions change.

A National Strategic Fuel Reserve will also be set up. Fuel from the reserve will be released “under published rules when disruption or hoarding threatens supply.” This means the government can step in when fuel becomes scarce or when marketers hold back products to push up prices.

Lowering the cost of transport and doing business

The government says part of what Nigerians pay for transport comes from illegal charges on the roads. It will work with state governments under the 2025 tax laws to rein in road taxes that push up fares.

It will also speed up the rollout of compressed natural gas (CNG) as a cheaper alternative to petrol, again working with the states. Transporters who benefit from cheaper fuel are expected to “pass savings on in lower fares” to passengers.

Other steps target the cost of goods and services more broadly. The government will cut regulatory costs, described as red tape, that “feed into the price of goods and services.” It will also ease traffic in cities to save fuel, and it will use NIPOST address codes to reduce the cost of moving goods from one place to another.

One measure has not yet been decided. The government is considering an excess profit tax on operators it says exploit consumers. If it goes ahead, the money raised will fund transport support and vouchers for low-income earners.

No return to blanket subsidy

The ministry ended the presentation with a clear message, “None of these measures restores a blanket subsidy.” The government is therefore not returning to the old system, where fuel was sold cheaply to everyone. It says its new approach will reach “the people who need help without putting the wider economy at risk.”

The announcement comes as many households as possible, and businesses struggle with the high cost of transport, food, and other goods linked to fuel prices. How much relief Nigerians feel will depend on how quickly and effectively these measures are carried out, and whether transporters and marketers pass the benefits on to consumers.

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