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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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Tinubu’s $2.99bn Rail Push Sparks Calls for Nationwide Network Expansion

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By Sotayo Olayinka

The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects, signalling a renewed commitment by the administration of Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.

While this initiative is widely commendable, there is a growing call for the Federal Government to extend similar support to the Nigerian Railway Corporation (NRC). Strengthening the corporation would significantly improve inter-state transportation, ease the pressure on road networks caused by overloaded trucks, and enhance logistics efficiency nationwide.

Nigeria has already recorded progress with the Lagos–Ibadan rail corridor. However, greater impact can be achieved if the government connects Lagos to Abuja, complementing the existing Kaduna–Katsina line. Such integration would go a long way in addressing the country’s persistent transportation challenges. There is also increasing public demand for the expansion of rail services to the northern and eastern regions, which would create a more unified and dependable national transport system.

Many Nigerians still recall the 1960s, when train services operated seamlessly from Lagos to Kaduna and even Sokoto—an era that underscored the immense potential of an efficient rail network.

Expanding the railway system aligns with the administration’s Renewed Hope Agenda and would deliver tangible results in infrastructure development. There is also a widely held view that the current leadership of the NRC, under Managing Director Kayode Opeifa, is making meaningful progress in revitalizing rail services.

Sustained government backing will be critical to consolidating these gains and building a modern, efficient, and nationally connected railway system capable of driving economic growth and easing transportation challenges across Nigeria.

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Hon. Marcus Adedini Joins 2027 Ife Federal Constituency Race, Promises People-Centered Leadership

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……Engr. Adedini Declares for 2027 Reps Race, Picks Nomination Forms

Engr. Marcus Adedini has officially declared his intention to contest the House of Representatives seat for Ife Federal Constituency in the 2027 general elections, following the purchase of his nomination and expression of interest forms.

His declaration marks his formal entry into the race and reflects what he described as a long-standing commitment to public service, grassroots development, and policy-driven leadership across Ife land.

A development advocate and grassroots mobiliser, Adedini brings years of community engagement and policy experience to his ambition. Through his initiative, he has spearheaded several community-based interventions spanning education, healthcare, youth empowerment, and social welfare.

In the education sector, his programmes have supported students with scholarships, learning materials, and infrastructure development. In healthcare, he has facilitated medical outreach initiatives aimed at improving access to services and raising community health awareness.

Adedini has also implemented youth empowerment schemes, equipping young people with vocational skills, startup support, and capacity-building opportunities to promote entrepreneurship and reduce unemployment. His efforts extend to women and vulnerable groups through targeted empowerment programmes designed to improve livelihoods.

Beyond grassroots initiatives, Adedini has gained legislative exposure, contributing to the drafting of bills and motions in key sectors, including education, healthcare, and social development. Supporters say his experience in budgeting and project facilitation positions him to attract federal projects to the constituency.

Calling for support, Adedini urged residents of Ife Federal Constituency to rally behind what he described as a shared vision of inclusive growth and sustainable development.

He pledged to run a people-focused and issue-based campaign, promising effective representation and impactful service if elected.

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FEC Backs $2.99bn Rail Projects, Sets Stage for Power Sector Shake-Up

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… Lagos Green Line, Kano, Kaduna rail schemes to boost connectivity

… Tinubu to chair power sector task force as reforms gather pace

The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects and the establishment of a Presidential Task Force on Power Sector Reform, in a move signalling a renewed push by the administration of President Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.

Briefing State House correspondents after the Council meeting, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the rail projects span key urban corridors and are designed to enhance mobility, reduce congestion, and stimulate regional commerce.

He listed the projects as the Lagos Green Line Rail, the Kano State Metro Rail, and the Kaduna State Rail project, noting that they have already been captured in the extended 2025 budget.

“The Federal Executive Council approved three transformative rail projects – Lagos Green Line, Kano State Metro Rail, and Kaduna State Rail project. These projects are to be sponsored by the Ministry of Finance Incorporated,” Oyedele said.

He explained that the approvals align with the administration’s broader infrastructure strategy, which prioritises rail transport as a cost-effective and sustainable alternative to road networks.

The Lagos Green Line is expected to complement existing mass transit systems in the commercial hub, while the Kano and Kaduna rail schemes are projected to boost passenger and freight movement across northern Nigeria, improving trade and economic activity.

In a related development, the Minister of Information and National Orientation, Mohammed Idris, announced the creation of a Presidential Task Force on Power Sector Reform, alongside key appointments aimed at strengthening governance in the electricity industry.

Idris said the Council approved the appointment of former Minister of Power, Lanre Babalola, as Special Adviser on Power to the President, to enhance coordination and policy oversight.

He disclosed that the President would chair the task force, with Babalola playing a central role in driving its activities.

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“The task force is part of renewed efforts by the administration to reposition the power sector as a critical driver of industrialisation and economic growth,” Idris said.

According to him, the decision followed the submission of a report by a presidential committee set up on March 4 to review the commercial and institutional framework for the proposed Grid Asset Management Company (GAMCO).

He noted that the task force brings together key stakeholders, including the Ministers of Finance, Power, Industry, Trade and Investment, Information, and the Attorney-General of the Federation, alongside regulators and representatives of electricity generation and distribution companies.

Idris said the body would focus on implementing far-reaching reforms to address structural bottlenecks in the sector, stressing that stable electricity supply remains central to Nigeria’s economic transformation.

He added that the government is committed to a comprehensive overhaul of the power sector to unlock industrial productivity and improve living standards.

The minister further disclosed that the FEC meeting was preceded by the swearing-in of a National Commissioner of the Independent National Electoral Commission (INEC) and four Permanent Secretaries.

He said President Tinubu administered the oath of office on retired Rear Admiral K. M. Marafa as INEC National Commissioner following her confirmation by the National Assembly.

Idris added that the Council deliberated on a 32-point agenda, reflecting what he described as the administration’s broad reform focus across critical sectors of the economy.

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