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How Dangote escaped multi-billion naira fraud, IGP tells court
How Dangote escaped multi-billion naira fraud, IGP tells court
A Federal High Court in Abuja has heard how businessman, Aliko Dangote, escaped being defrauded by some foreigners engaged to provide services for one of his companies, the Dangote Refineries.
The court also heard how one of the truck drivers, engaged by Dangote Cement, identified as Mohammed Tayiru (Tahir) and some others allegedly diverted truckloads of “thick iron pipes” estimated at billions of naira.
These were revealed in court documents filed by the Inspector General of Police (IGP), with which he sought arrest warrant against the foreigners and an order freezing five bank accounts in five banks, to which proceeds of the alleged fraud by Tayiru were traced.
The foreigners, who are mostly Asians, are identified as: He Jun,
Sun Yuzhu, Yong Li, Dr. Feng, Jaykumar Sagar and Rajnish Gupta, were said to have been engaged to lay under-sea pipes for the movement of crude oil to the Dangote Refineries in Lagos.
were engaged and allegedly forged a certificate of completion of contract, which they took before the London Court of International Arbitration (LCIA) tribunal, claiming $50million
Their alleged fraudulent act was said to have been discovered when Dangote Refineries presented evidence before the LCIA that the Asians did not deliver on the task for which they were engaged.
On Friday, while arguing the application for arrest warrant, police’s lawyer, Rimamsomte Ezekiel, an Assistant Commissioner of Police (ACP) told the court that the respondents (the five Asians) “are all foreigners who are based in Lagos, Nigeria.”
He said a criminal charge has been filed against them before the HIgh Court of Lagos State, with charge number: 11/26401C/2025.
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Ezekiel added that the warrant of arrest was required to enable the police “to effectively secure the productions of the respondents to the court for their trial.”
In a supporting affidavit, it was stated that the foreigners, “sometime in 2021 under false pretense and with intention to defraud their victim, who is Alhaji Dangote, conspired among themselves, forged and submitted a certificate of completion of projects to the London Court of international Arbitration Tribunal to claim sum of $50,000,000.00 (US Dollars).
“When their evil was exposed, the court rejected their submission and called for their arrest and the investigation of the matter.
“Since then, some of the respondents have gone into hiding to avoid police’s investigation and prosecution of the criminal offences, which they committed, while some of them submitted themselves for the investigation.
“The respondents have case to answer on the allegations of those criminal offences which they committed.
“Some of those respondents, who have made statements to the police, freely confessed to the allegations.
“The Nigeria Police Force have done everything to arrest those who are at large but to no avail, as they are not within the Republic of Nigeria.
“The arrest warrant will enable the police authority to apply for the extradition of the respondents back to Nigeria for investigation and prosecution at the court of law, even if they are out of the country and is hiding in any part of the world.
“The Nigeria Police is desirous of prosecuting this case diligently if the respondents can be arrested. The warrant of this honourable court can be executed in any part of the country, and any part of the world if it is granted in this case.
That the granting of the arrest warrant in this case is to enable the Nigeria Police Force invite the respondent for the completion of the investigations and their prosecution at the court of law.”
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In granting the application, Justice Emeka Nwite ordered the police to conduct its investigation within 30 days and report back on September 20.
While moving the second application for an order freezing the five bank accounts allegedly owned by Tayiru, Ezekiel told the court that the respondents was currently at large.
The affected accounts are: 1696193289, domiciled in Access Bank, with Mohammed Tahir as account name; 0121946277 in GT Bank, with Mohammed Tayiru as account name; 2113902271 in UBA, with Mohammed Tayiru as account name; 9129948744 in PalmPay Limited, with Mohammed Tayiru as account name, and 8033300443 in Opay Digital Services Limited, with Mohammed Tayiru as account name.
The police states, in a supporting affidavit, that “Mohammed Tayiru (Tahir) and others for converting Dangote thick iron pipes, which were given to them to deliver to locations from Dangote Company.”
The police added that investigation so far revealed “that Mohammed Tayiru (Tahir), who is the principal suspect in this case, was one of the Dangote trailer drivers, who sold all the thick iron pipes from Dangote Company and converted the money into the identified bank accounts.
“Billions of naira belonging to Dangote Company are in the bank accounts, which Mohammed Tayiu (Tahir) fraudulently deposited for himself for his personal use.
“The police investigation revealed that, the suspect has case to answer in this case. The offence in this case happened June/July 2025, Abuja, Lagos, Port-Harcourt, and other parts of the country
“This case is one of the complicated case that the Police is investigating due to the parties that are involved and the multiplicity of the accounts involved,” the police said.
In a ruling, Justice Nwite granted the application, but ordered that the investigation should be carried out within 60 days.
Meanwhile, Dangote, with a net worth of $24.4 billion from his stakes in oil, cement and sugar has been affirmed as Africa’s wealthiest man, according to the latest Forbes’ Real-Time Billionaires List.
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His fellow Nigerians on the list are Abdulsamad Rabiu whose net worth is put at $7.2 billion; Mike Adenuga at $6.3 billion (#592); and Femi Otedola at $1.5 billion (#2424).
Dangote is No.88 in the global ranking by Forbes.
In the rating, South Africa’s luxury goods tycoon, Johann Rupert, is credited with a net worth of $13.2bn, and his compatriot, Nicky Oppenheimer, with $10.4bn.
Others include Koos Bekker with $3.8bn, mining magnate Patrice Motsepe with $3.4bn, banker Michiel le Roux with $2.7bn, Jannie Mouton and family with $1.9bn, and retail investor Christoffel Wiese with $1.7bn.
Egypt’s No.1 billionaire,according to Forbes is Nassef Sawiris ($8.8bn) followed by Naguib Sawiris ($5.0bn),the Mansour brothers, Mohamed ($3.4bn), Youssef ($1.4bn), and Yasseen ($1.2bn).
Others from the continent are Eswatini’s Nathan Kirsh worth $8.0bn;Morocco’s Othman Benjelloun & family ($2.0bn), Aziz Akhannouch ($1.6bn), and Anas Sefrioui & family ($1.6bn) as well as Tanzania’s Mohammed Dewji with t $2.2bn;and Zimbabwe’s Strive Masiyiwa with $1.3bn.
Americans dominate the first eight positions in the global ranking as follows:Elon Musk ($419.1 B);Larry Ellison ($282.2B);Mark Zuckerberg ($260.3B);Jeff Bezes ($240.7B);Larry Page ($173.0B);Sergey Brin ($161.0B);Jense Huang ($154.9B);Steve Ballmer ($153.3B).
In the ninth position are France’s Bernard Arnault & family ($150.9B) while America’s Warren Buffet is 10th with $146.2B).
Dangote has held the position of Africa’s leading billionaire for the 14 consecutive year.
He was first named so in 2008 but was displaced and then reclaimed it in 2011.
How Dangote escaped multi-billion naira fraud, IGP tells court
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Gunmen Abduct Five from Edo Health Centre, Demand ₦100 Million Ransom
Gunmen Abduct Five from Edo Health Centre, Demand ₦100 Million Ransom
A kidnapping incident in Akoko‑Edo Local Government Area, Edo State, has left residents alarmed after five people were abducted from the Makeke Health Centre. The kidnappers have reportedly contacted families, demanding a ₦100 million ransom for the release of two of the victims.
The abductions occurred on February 8, 2026, targeting individuals seeking and providing medical services. The confirmed victims include Mrs. Gladys Okomayin, a nurse at the health centre; Miss Tope Oriloye, a female secondary school student; and Mr. Samuel Ilesanmi, who had brought his son for treatment. The names of the two other victims have not yet been released.
Eyewitnesses reported that the nurse was later abandoned in the bush as she could not keep pace with the kidnappers during their retreat. Following the incident, local hunters and vigilantes mobilised to comb the forests for the abducted individuals, but efforts to locate them were unsuccessful.
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The kidnappers have demanded ₦100 million for the release of Miss Oriloye and Mr. Ilesanmi, heightening fears over a rising spate of kidnappings in Edo State and surrounding regions.
Mr. Omowumi Bode Ekundayo, National Coordinator of the Movement for the Advancement of Akoko Edo People, warned that the security situation is deteriorating, stressing that the area has become a gateway for criminal activities from neighboring states. He called on security agencies and state authorities to take urgent action to prevent further tragedies.
The Edo State Police Command, through Public Relations Officer Eno Ikoedem, confirmed the kidnappings and stated that investigations and rescue operations are ongoing. Authorities are working to ensure the safe return of the victims and apprehend those responsible.
This incident adds to Edo State’s growing security challenges, as communities continue to grapple with abductions and ransom demands across rural and semi-urban areas. Residents and local leaders have urged stronger police presence and rapid intervention strategies to tackle the kidnapping menace.
Gunmen Abduct Five from Edo Health Centre, Demand ₦100 Million Ransom
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Ex-Acting AGF Nwabuoku Admits Diverting N868.4 Million to Private Firms
Ex-Acting AGF Nwabuoku Admits Diverting N868.4 Million to Private Firms
Chukwunyere Anamekwe Nwabuoku, the former acting Accountant-General of the Federation, has admitted in the Federal High Court in Abuja to authorising the transfer of N868.4 million in public funds from the Ministry of Defence to four private companies. The confession, made during cross-examination on Tuesday, marks a dramatic turn in the ongoing money laundering trial against the former senior public finance official.
The court, presided over by Justice James Omotosho, heard that the funds were transferred to Temeeo Synergy Concept Limited, Turge Global Investment Limited, Laptev Bridge Limited, and Arafura Transnational Afro Limited. Nwabuoku described the transactions in a written statement to the Independent Corrupt Practices and Other Related Offences Commission (ICPC) as for “classified security purposes.” However, this contradicted his earlier testimony in court, where he denied any links to the companies.
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During cross-examination by prosecution counsel Ekele Iheanacho, SAN, Nwabuoku was confronted with his ICPC statement dated February 2, 2025, in which he admitted authorising the payments while serving as the Director of Finance at the Defence Ministry. The prosecution argued that there was no evidence that the funds were used for lawful security purposes, insisting that the transactions lacked proper documentation or justification.
Nwabuoku also addressed questions regarding his personal residence, claiming he purchased the property with legitimate earnings. However, he acknowledged a N64 million cheque issued by Mdavi Limited to City Gate Homes for the acquisition of the house, raising further questions about the source of funds.
He faces nine counts of money laundering linked to the N868,465,000, with the EFCC prosecuting the case. Earlier, the court dismissed his no-case submission, ruling that sufficient evidence existed for him to open his defence. The trial has highlighted alleged gaps in public finance management and accountability, particularly in senior government offices.
The case has been adjourned to February 27, 2026, for the adoption of written addresses by counsel, as the court continues to weigh evidence in one of Nigeria’s most high-profile anti-corruption trials.
The proceedings have attracted significant attention, reflecting growing public demand for transparency and the recovery of misappropriated public funds. Nwabuoku’s admission is expected to play a key role in the prosecution’s case and could influence how accountability measures are enforced in the management of federal resources.
Ex-Acting AGF Nwabuoku Admits Diverting N868.4 Million to Private Firms
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Deji Adeyanju Mocks El-Rufai Over Alleged Arrest Plot
Deji Adeyanju Mocks El-Rufai Over Alleged Arrest Plot
Human rights lawyer Deji Adeyanju has mocked former Kaduna State governor Nasir Ahmad El-Rufai following the latter’s claim that the Federal Government is planning to arrest and detain him upon his return to Nigeria.
El-Rufai had raised the alarm in a two-page document titled “Confidential Briefing Memo”, dated February 10, 2026, in which he expressed concerns about what he described as an anticipated politically motivated detention. The memo, reportedly sighted by BusinessDay, outlined alleged sustained pressure from security and anti-corruption agencies after his fallout with the ruling All Progressives Congress (APC) and his withdrawal from participating in President Bola Tinubu’s administration.
In the memo, the former governor said that since formally declining to serve in the Tinubu administration in August 2023 and subsequently resigning from the APC, he and his associates have faced repeated investigations.
“Since formally withdrawing my earlier acceptance to serve in the Tinubu administration in August 2023 and subsequently resigning from the ruling All Progressives Congress (APC), my close allies and I have been subjected to repeated investigations by security and anti-corruption agencies,” he stated.
El-Rufai, who is reportedly outside the country, further alleged that several former officials who served in his administration, as well as business associates linked to him, have been unlawfully detained without charge for extended periods.
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“Officials who served in my administration and business persons alleged to be associated with me have been unlawfully detained without charge for extended periods, including my Chief of Staff (50 days), a Senior Adviser (28 days), a commissioner (24 days), and a CEO (over 70 days and still detained). They are then arraigned on phantom charges, with judges influenced to deny bail or impose stringent conditions,” he claimed.
The former governor also recalled what he described as a similar attempt to prosecute him during the administrations of late President Umaru Musa Yar’Adua and former President Goodluck Jonathan. According to him, efforts by the Economic and Financial Crimes Commission (EFCC) between 2010 and 2013 failed after he was discharged and acquitted of an alleged abuse of office charge relating to land approvals while serving as Minister of the Federal Capital Territory.
“Despite years of intense, multi-agency investigation, no credible evidence has been presented against me, and no charges have been filed,” El-Rufai added.
On the alleged new plan to arrest him, he said he had received credible information indicating the certainty of detention upon his imminent return to Nigeria. He described the move as inconsistent with constitutional safeguards and Nigeria’s international obligations, while also alleging selective prosecution of opposition figures and sponsored media attacks aimed at damaging his reputation.
However, reacting via social media, Deji Adeyanju dismissed El-Rufai’s claims and accused him of hypocrisy, referencing his record while serving as Kaduna State governor.
“El-Rufai said they are planning to arrest him soon. El-Rufai arrested everyone who criticized him in Kaduna,” Adeyanju wrote.
He cited the case of Abubakar Idris, popularly known as Dadiyata, a government critic who was abducted in 2019 and has not been found since.
“His critic Dadiyata who was abducted in front of his wife and daughter disappeared till today without trace. The oppressors of yesterday are now comrades,” Adeyanju added.
As of the time of filing this report, there has been no official response from the Federal Government, the Presidency, or relevant security agencies regarding El-Rufai’s allegations of an impending arrest.
The development marks another chapter in the ongoing political tensions involving the former governor, who has recently been vocal about his disagreements with the current administration and internal dynamics within the APC.
Deji Adeyanju Mocks El-Rufai Over Alleged Arrest Plot
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