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Update : $32 million fraud: Princess Toyin Kolade debunks allegation, fault detractors’ pull down tactics
With the current story making the round about seasoned businesswoman Princess Toyin Kolade, Iyalaje Oodua, the head honcho of Fisolak Global Resource over an alleged fraud case relating to her client, the business woman has distanced herself from the said case, claiming she has been exonerated in the past but the Police Special Fraud Unit, SFU over the years.
The report claimed that she and her company is currently enmeshed in some fraudulent act but to set the records straight, she averred that; she was contacted by the said foreign national to clear some goods for them which she did and got paid for the services her company rendered.
The said Indian nationals who supposedly got loans from the bank at no point involved Princess Toyin in their dealings and whatever transpired between the Indian nationals and the bank is not in anyway her concern. As we speak, the Indians forfeited their properties and other valuables which the bank sold to recover their debt they have also left the country.
The philanthropist also disclosed that; “I am never a fraudulent nor dubious person and those who know me well can attest to the fact. I have been audited and exonerated by the Police Special Fraud Unit whom after thorough investigation found out that the issue had nothing to do with me. They wrote to me and my company in person and pleaded. The case ended more than 5 years ago. It was recently revisited and they are still attaching me and my company to the legal process which should originally not be so. I am just clearing agent who only worked for the accused and got paid. I keep records and I have the documents still intact till date for records purpose. So the unnecessary clamor for my detractors to exploit this avenue to make disparaging comments and unfound assertions about me is uncalled for. The said story is being syndicated by an individual with questionable character who feels intimidated by my numerous achievements ever since I was conferred with the title as Iyalaje Oodua by the Ooni Of Ife.”
“The more they throw their punches it won’t still get to me. I know the person behind it and I pray they heal very fast and come to bear in mind that who God has blessed no man can curse. I am a moving train and I am not intimidated nor perturbed by the lingering rumors. They are all lies from the pit of hell. I am not a fraudster. I work hard for my money. I have instructed my lawyer to take a legal action against those responsible for the inclusion of my name in this issue when the court finally exonerate me.”
Thorough findings further confirmed that the mischievous report flying about town was just concocted based on the unavoidable absence of her lawyer, Barr. Olapade Awowole, who couldn’t make it to the court on Thursday, 4th of November.
However, the legal counsel, Awowole had reiterated his determination to attend the court proceeding tomorrow, 9th of November to get his client’s name off the mess.
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Breaking : Tinubu Breaks New Ground as First Nigerian President to Receive Proposed UN Budget
No President Bola Tinubu received in audience the Permanent Representative of Nigeria to UN, Ambassador Jimoh Ibrahim after he presented the proposed $14 billion UN budget for 2027.
President Bola Tinubu has received copies of the proposed 2027 United Nations budget from Nigeria’s Permanent Representative to the UN, Jimoh Ibrahim.
Ibrahim, who chairs the UN committee responsible for budgetary and administrative matters, presented the seven-volume document to the President at the State House, Abuja.
Speaking to journalists after the presentation, Ibrahim described the occasion as historic, saying it was the first time in 66 years that a Nigerian president had received the proposed UN budget through the process.
He said, “This is the presentation of the United Nations proposed budget for 2027 that was presented to me by the General Assembly, by the Secretary-General of the United Nations to the Fifth Committee, and that budget has seven volumes.
“So it has to be presented to my country because my country is a member of the United Nations. I share the budget at the committee, so the appropriate thing to do is to bring the budget home and deliver it to the President.
“This is the first time in 66 years that Nigeria will share budget in the committee. The first time. So I don’t know when we’re going to do that again in history.”
Ibrahim added, “President Bola Tinubu is making history to have been able to receive that budget, being the first President in 66 years that will receive such budget from the United Nations, and it’s not a small issue for a country to receive the whole UN budget.”
He said the proposed budget covered the organisation’s regular activities and peacekeeping operations, with approximately $3.4bn allocated to the regular budget and $8.5bn for peacekeeping.
Ibrahim put the total at about $14bn, although the figures he cited for the two components add up to $11.9bn.
He stressed that the document was still a proposal and had not received final approval from UN member states.
“The budget still has to be approved. This is a proposed budget. It’s at the proposed stage. You submit it to your country, and thereafter the budget is finally discussed. Figures are adjusted, and then finally the final budget is approved and spending commences,” he said.
Asked about the support Nigeria could receive from the UN, Ibrahim said discussions on the proposed budget were ongoing and declined to specify what Nigeria might benefit from it.
He also cited the construction of a $267m UN conference centre in Kenya as an example of the organisation’s investment in facilities in member states.
The proposed budget will undergo further scrutiny and adjustments before member states approve the final figures and spending begins.
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Abuja-Kaduna Train: Opeifa Denies NRC’s Involvement in Ticket Racketeering, Blames Scammers and High Demand
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……..NRC Introduces Double Verification to Curb Racketeering
The Managing Director of the Nigerian Railway Corporation (NRC), Dr Kayode Opeifa, has denied allegations that the corporation deliberately creates artificial scarcity of train tickets on the Abuja-Kaduna Train Service (AKTS) to facilitate their resale at inflated prices through unauthorised agents.
The controversy followed a viral social media video by Instagram blogger Faizah Raji, who operates under the handle @wearegst, alleging that the corporation deliberately withholds tickets from its official electronic ticketing platform and makes them available through agents at exorbitant prices.
In the video, titled “The NRC Is Stealing Its Own Tickets to Resell,” the blogger claimed that she was unable to obtain a ticket through the official booking portal but subsequently purchased one from an agent at twice the official price.
Responding to the allegations, the NRC management described the claims linking the corporation to the alleged racketeering as misleading, insisting that the corporation does not directly buy or sell tickets on the Abuja-Kaduna corridor.
According to the management, electronic ticketing on the standard-gauge rail services operates under a Public-Private Partnership (PPP) arrangement, with private concessionaires responsible for ticket sales.
SecureID/TPS handles ticketing for the Abuja-Kaduna Train Service, while Global Software Digital Solutions (GSDS) manages the Lagos-Ibadan Train Service. Fane Warri-Itakpe Ticketing Solutions Limited is responsible for ticketing on the Warri-Itakpe Train Service.
The NRC said the concessionaires were approved by the Infrastructure Concession Regulatory Commission (ICRC) and the Federal Executive Council (FEC) before 2023.
Explaining the persistent difficulty passengers face in securing tickets, the corporation attributed the situation largely to a significant imbalance between passenger demand and the number of seats available.
According to the NRC, demand for train services on the Abuja-Kaduna corridor has exceeded available capacity by more than tenfold, putting considerable pressure on the ticketing system.
The management maintained that the reported experience of purchasing a ticket through an agent did not, in itself, establish that the corporation was responsible for creating artificial scarcity or facilitating the alleged resale.
It also warned passengers against patronising unofficial ticket agents, stressing that those who purchase tickets outside approved channels do so at their own risk.
The corporation explained that the Federal Government introduced the National Identification Number (NIN) requirement for train ticket purchases following the 2022 Abuja-Kaduna train attack, as part of measures to improve passenger identification and curb ticket racketeering.
However, it said suspected fraudsters had devised ways of obtaining multiple NINs to purchase tickets for resale to unsuspecting travellers.
To address the challenge, the NRC introduced a double-verification process in 2025, requiring passengers to undergo NIN verification and present personal identification before boarding.
The corporation said its ticketing and verification system is integrated with the database of the National Identity Management Commission (NIMC), enabling officials at Idu and Kubwa in Abuja, as well as Rigasa in Kaduna, to verify the identity and photograph associated with the NIN used to purchase a ticket.
The management, however, acknowledged that the Rigasa station in Kaduna lacks an adequate access-control system, a shortcoming it said could occasionally allow agents linked to ticket scams to overwhelm security personnel.
The introduction of a second verification process, modelled on the system used at Terminal 2 of the Murtala Muhammed International Airport in Lagos, is intended to strengthen checks and prevent passengers from travelling with tickets purchased using another person’s identity.
As part of efforts to address complaints about ticket availability, the NRC said the electronic ticketing concessionaires had been directed to improve access to their online platforms and ensure compliance with established ticketing procedures.
The corporation also reiterated that purchasing tickets from third parties using another person’s NIN or name was unacceptable, describing the practice as economic sabotage.
It stressed that passengers should book through approved portals and avoid sharing their NIN details and other personal information with agents or third parties who could exploit such information for fraudulent transactions.
The NRC management declared zero tolerance for ticket racketeering, warning that any staff member found participating in or colluding with individuals involved in the practice would face disciplinary action.
The corporation said it remained committed to protecting the integrity of its operations, improving customer service and ensuring that passengers have access to safe, affordable, reliable and convenient rail transportation.
While the allegations have renewed public debate over ticket availability and the effectiveness of the electronic ticketing system, the NRC maintained that the immediate challenges include rising passenger demand, limited seating capacity and the activities of individuals exploiting the system.
The corporation urged passengers to use only approved ticketing platforms and cooperate with verification procedures to help curb fraud and protect the railway system.
The NRC said it would continue working with relevant stakeholders to strengthen its ticketing processes and improve the passenger experience across its rail corridors.
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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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