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Otedola to Tinubu: Make fuel subsidy report public, name those who looted funds
Otedola to Tinubu: Make fuel subsidy report public, name those who looted funds
Renowned Nigerian entrepreneur, Femi Otedola, has called on President Bola Ahmed Tinubu to make public the full findings of the Aigboje Aig-Imoukhuede panel set up during the Goodluck Jonathan administration to investigate the controversial fuel subsidy regime.
In a statement issued yesterday, Otedola emphasized that Nigerians deserve transparency on the matter, stressing the need to expose individuals who allegedly siphoned billions of naira through the Petroleum Subsidy Fund (PSF) scheme, which ran for several years.
“I implore President Bola Ahmed Tinubu to release the full Aigboje Aig-Imoukhuede report on subsidy fraud as Nigerians deserve to know the truth. It is on record that the Presidency at the time called on the late Economic and Financial Crimes Commission (EFCC) Chairman, Ibrahim Lamorde, to halt the investigation. Let the report be made public so the real subsidy thieves can be unmasked,” Otedola stated.
The renowned philanthropist was reacting to an allegation by Umar Sani, a former Special Adviser (Media) to ex-Vice President, Namadi Sambo, who said that at the peak of the subsidy regime, Otedola, through his company, Zenon Petroleum and Gas Ltd, benefitted from the scam he’s now criticising.
Sani stated he had empirical evidence showing that Otedola controlled as much as 90 per cent of diesel imports and up to 40 per cent of other products at the time. “The same system he now condemns was one in which he was deeply entrenched and from which he personally benefited immensely.”
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Riled by the imputation, Otedola in the statement, disclosed that he has already instructed his lawyers to slam a N1 billion suit on Sani for defaming him, maintaining that he only sold diesel which had no subsidy at the time he controlled the market in Nigeria.
“My attention has been drawn to a mischievous and malicious publication written by one Umar Sani, a former Special Adviser (Media) to former Vice President Namadi Sambo, attempting to twist facts and drag my name into disrepute and allegations of complicity in the subsidy fraud. His insinuations are false, baseless, and a shameless attempt to pander to lies and rewrite history. Let me set the record straight for the overall benefit of the discerning public.
“Zenon Petroleum and Gas Limited was wholly an importer and trader of diesel with a market share in excess of 90 per cent, never traded in Premium Motor Spirit (PMS) and as such could not have claimed for subsidy under the Petroleum Subsidy Fund scheme. Diesel had been long deregulated even before the adoption of the PSF and did not fall under petroleum products to be claimed under the PSF regime.
“PMS was the only product that was eligible for claim under the PSF scheme in a bid by the government to make the product available and affordable to all and sundry. It is therefore shocking that someone like Umar Sani who occupied a position of authority and responsibility could display such ignorance of basic industry facts in public.
“I view this as either mischief (and taking advantage of the uneducated public) or a blatant display of gross ineptitude. If diesel did not fall under the subsidy regime, how can Umar Sani then accuse Zenon Petroleum and Gas Limited of impropriety under the subsidy regime,” Otedola asked.
Writing on the process that led to the exposure of the subsidy fraud, Otedola stated that he was indeed a member of President Goodluck Jonathan’s Economic Team and was the one who first alerted the President of the monumental fraud being perpetrated by economic saboteurs under the PSF scheme.
“When he (Jonathan) called the then Minister of Petroleum, she denied it. With my strong determination to stop the economic malaise and bleeding, I called Senator Bukola Saraki and reported the fraud to him. He took it to the floor of the Senate, and from there the House of Representatives began its investigation.
“These Statesmen are alive and my assertions above can be corroborated if necessary. If I was complicit in subsidy theft, would I be the one to raise the alarm and blow the whistle on myself? That alone should question the motive of Umar Sani for his most recent publication on this matter,” he pointed out.
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When it became public industry knowledge that he (Otedola) was the whistleblower on the subsidy fraud, he said that some of the perpetrators decided to fight back by using the House Committee on the probe, headed by Farouk Lawan who tried to indict him without any basis.
“As they always say, it’s only natural for corruption to fight back. The House Committee on the subsidy probe was now being manipulated by the subsidy fraudsters and thereby turning the probe panel into an extortion racket. When the harassment and blackmail became incessant on my person, I petitioned the authorities and worked with the Department of State Security (DSS) in a sting operation.
“The money was provided by the DSS, duly marked, and handed over to me under security surveillance. I then gave it to Farouk Lawan in line with the sting operation. That is on record. To twist that carefully documented operation into an indictment against me is laughable and only exposes the ignorance of Mr. Sani. You may be aware that Hon. Lawan was subsequently convicted and sentenced to five years imprisonment for bribery. The facts are very clear and public,” he added.
On the allegations and insinuations about his Asset Management Corporation of Nigeria (AMCON) involvement, Otedola described it as a demonstration of mischief and ineptitude on the part of Sani.
He wondered why someone would twist publicly available information to ‘miseducate’ the populace, highlighting that he had never hidden the fact that he (Otedola) suffered financial losses from the global economic meltdown of 2008 resulting in a huge debt exposure to the Nigerian financial services industry.
The loans, he said, were sold to AMCON, after which he (Otedola) in turn gave up his assets worth hundreds of billions of Naira to settle his obligations under a court-ordered settlement.
“It is on record that AMCON itself publicly commended my approach and told other debtors to follow my example. Court records are there for anyone seeking the truth to investigate. AMCON officials from that time are also alive today to confirm the truth. I even addressed this matter in my book, ‘Making it Big’ which was recently published and released to the public,” Otedola said.
The businessman therefore emphasised that he would not allow anyone to toy with his hard-earned reputation, announcing his decision to sue the former presidential aide over the alleged defamatory remarks.
“Because of these deliberate lies and unfounded allegations, I have instructed my lawyers to file a N1 billion libel suit against Umar Sani. People must learn that reputations are not to be toyed with for cheap propaganda and to serve as a deterrent for other mischief makers in the future. I will go to every extent that this is achieved.
“To Mr. Sani and others who peddle these half-baked stories: go and read my book Making It Big, study the facts, and stop disgracing yourselves with ignorance. I have nothing to hide and I have always acted in the interest of truth and accountability. Those who benefitted from subsidy fraud know themselves. I will not sit back and allow falsehood to be written into history,” he maintained.
Otedola to Tinubu: Make fuel subsidy report public, name those who looted funds
(Nation)
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Many Pupils Feared Abducted After Terrorists Invade Borno School
Many Pupils Feared Abducted After Terrorists Invade Borno School
Fresh fear has gripped residents of Mussa village in Askira-Uba Local Government Area of Borno State after suspected Boko Haram insurgents reportedly attacked a primary and junior secondary school, with several pupils feared abducted during the early morning raid.
The attackers, said to have arrived in large numbers on motorcycles, stormed the community shortly after security personnel on patrol reportedly left the area, triggering panic among residents, students and teachers.
Local sources disclosed that the insurgents invaded Mussa Primary and Junior Secondary School during the assault, forcing many students to flee into nearby bushes while others were allegedly taken away by the gunmen.
Although the exact number of abducted pupils has not been officially confirmed, residents claimed several children were missing after the attack.
“Yes, the attack happened in the early hours of Friday and it was discovered that many children were abducted,” a resident told journalists.
The latest incident has heightened anxiety across the community, with parents and local vigilante groups searching surrounding bushes and nearby communities for fleeing students.
Confirming the attack, the Deputy Speaker of the Borno State House of Assembly, Hon. Abdullahi Askira, said reports available to him indicated that many students escaped into the bush during the invasion, though details surrounding possible abductions remained unclear.
“Yes, I can confirm that some suspected terrorists riding on motorcycles invaded the primary and junior secondary schools in Mussa village this morning,” he said.
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“Information at my disposal was that many of the students fled into the bush, but I don’t have details of those abducted yet.”
Askira described the incident as disturbing, noting that the insurgents struck barely minutes after troops conducting patrol operations departed the area.
According to him, the timing of the attack suggested that the terrorists may have monitored the movement of security operatives before launching the assault.
“It is disheartening that the incident happened shortly after troops left the community. This signifies that the attackers were likely spying on the movement of soldiers before they struck,” he added.
Mussa village is located near the fringes of the Sambisa Forest, a region long associated with activities of Boko Haram and ISWAP insurgents despite ongoing military offensives by security forces.
Following the attack, fear spread across social media as residents and concerned Nigerians called for prayers and urgent intervention to rescue the missing children.
One social media user, Solomon Mussa, appealed for support online, writing: “Please pray for the Mussa Boko Haram attack in Mussa village now. According to reports, school children were affected.”
Attempts by journalists to get an official reaction from the spokesperson of the Borno State Police Command, ASP Nahum Kenneth Daso, were unsuccessful as calls and text messages sent to him were not answered as of the time of filing this report.
The latest school attack has renewed concerns over worsening insecurity in parts of northern Nigeria, especially repeated attacks targeting schools and vulnerable rural communities.
Over the years, Boko Haram insurgents have carried out multiple kidnappings and attacks on educational institutions across the North-East, forcing school closures and disrupting learning activities in many communities.
Security experts and residents are now calling on the Federal Government and military authorities to strengthen intelligence gathering, improve rural security patrols and provide better protection for schools in conflict-prone areas.
Many Pupils Feared Abducted After Terrorists Invade Borno School
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Over 100 Students Hospitalised as Fresh Suspected Gas Leak Hits Ogun Schools
Over 100 Students Hospitalised as Fresh Suspected Gas Leak Hits Ogun Schools
Fear and confusion gripped residents of Ijebu-Ode in Ogun State on Friday after a fresh suspected gas leak affected more than 100 students and teachers across multiple schools, forcing many victims into hospitals for emergency treatment.
The latest incident occurred less than two months after a similar environmental scare in the town, raising fresh concerns over public safety and air quality in the area.
Among the affected schools are Anglican Girls’ Grammar School, Obalende, and Our Lady of Apostles Secondary School, Epe Garage, alongside other nearby public schools reportedly impacted by the strange emission.
Witnesses said students suddenly began experiencing symptoms including stomach pain, dizziness, breathing difficulty, weakness and fainting during school hours, triggering panic among teachers and parents.
Several of the victims were rushed to the Ogun State General Hospital in Ijebu-Ode, while others were taken to private medical facilities as worried parents scrambled to rescue their children.
Videos circulating on social media showed terrified students fleeing school premises while teachers and emergency responders struggled to assist affected pupils, some of whom reportedly collapsed during the incident.
One eyewitness described the situation as worse than the previous gas leak recorded in April.
“I am presently at the Ogun State Hospital, Ijebu Ode, and I can tell you that the previous gas leak incident is nothing compared to what we are witnessing now,” the source said.
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“The hospital is overcrowded with affected students, while some parents have taken their children to private hospitals for treatment. Multiple schools were affected, and over 100 students are said to have been impacted.”
Confirming the development, Ogun State Commissioner for Environment, Ola Oresanya, said the government had activated emergency response measures to contain the situation and investigate the source of the suspected emission.
According to him, officials from the Ministry of Environment, the Ogun State Environmental Protection Agency (OGEPA), security agencies and local government authorities have been mobilised to assess the affected areas and coordinate emergency response efforts.
The Chairman of Ijebu-Ode Local Government, Dare Alebiosu, alongside OGEPA Managing Director, Kenny Bello, were also seen visiting affected communities and hospitals to monitor the situation and ensure victims receive proper medical attention.
In a statement issued on Friday, the Ogun State Government disclosed that an Air Quality Monitoring Device installed at Ijebu-Ode Grammar School detected elevated methane gas levels in parts of the town.
The Commissioner revealed that methane concentration peaked at about 13,500 parts per million in some locations.
He explained that although the concentration remains below the lower explosive limit, it is still environmentally significant and requires urgent technical investigation.
The government has now activated a multi-agency environmental and public health assessment team made up of environmental regulators, emergency personnel and air quality experts.
The team is expected to determine the exact source of the emission, evaluate the level of exposure risk and investigate the possible presence of other hazardous gases, including hydrogen sulphide and volatile organic compounds.
Residents have also been advised to avoid open flames and ignition sources in areas where unusual gas odours are noticed until investigations are concluded.
The latest incident has renewed public anxiety in Ijebu-Ode following a similar case in April at Our Lady of Apostles Secondary School, where dozens of students and a teacher were hospitalised after inhaling a strange chemical substance during morning assembly.
The repeated incidents have intensified calls for a comprehensive environmental investigation into possible industrial pollution, underground gas seepage or other environmental hazards threatening schools and residential communities in the area.
As investigations continue, concerned residents and parents are demanding urgent and lasting solutions to prevent another recurrence of the frightening situation.
Over 100 Students Hospitalised as Fresh Suspected Gas Leak Hits Ogun Schools
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EFCC Arraigns Social Media Influencer Blessing CEO Over N36m Fraud
EFCC Arraigns Social Media Influencer Blessing CEO Over N36m Fraud
LAGOS — The Economic and Financial Crimes Commission (EFCC) on Friday arraigned a prominent social media influencer, Okoro Blessing Nkiruka, popularly known as Blessing CEO, before a Lagos State High Court over an alleged N36 million fraud.
The self-styled relationship expert is facing a two-count charge bordering on obtaining money under false pretences and stealing, contrary to Section 1(1)(a) of the Advance Fee Fraud and Other Related Offences Act, 2006.
According to the charge sheet, Blessing CEO allegedly defrauded one Mrs. Ifeyinwa Okoye of N36 million between July 14 and 17, 2024.
The prosecution, led by counsel to the EFCC, Mr. S.O. Daji, informed the court that the influencer falsely represented to the petitioner that she had a six-bedroom duplex available for lease in the highbrow Lekki area of Lagos, a claim the prosecution maintains was entirely false.
It was further alleged that upon receipt of the sum, Blessing CEO converted the funds to her personal use instead of securing the promised property.
When the charges were read to her, Blessing CEO pleaded not guilty. Her counsel, Mr. Adeola Adedipe, SAN, immediately applied for her bail.
In a notable development, Adedipe informed the presiding judge that a substantial portion of the disputed sum had already been refunded.
“My Lord, N24 million has been returned to the petitioner. We are actively engaging with the complainant’s family to resolve the remaining balance amicably,” the senior advocate told the court.
However, the presiding judge ruled that the ongoing private settlement discussions do not invalidate the criminal proceedings already initiated by the state.
Consequently, the court ordered that Blessing CEO be remanded in the custody of the EFCC pending the determination of her bail application.
The case has been adjourned to June 5, 2026, for trial. Blessing CEO, known for her controversial commentary on relationships and high-profile legal cases involving fellow celebrities, has yet to issue an official statement regarding the charges.
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