Connect with us

Business

EXPOSED!!! How APC, Amaechi tried to rig Akwa-Ibom Gubernatorial election in 2015′ – Judge reveals

Published

on

ama apc-logo-17

Another Nigerian judge caught in the State Security Service crackdown on senior judicial officers has written to the Chief Justice of Nigeria, Mahmud Mohammed, stating how the Minister of Transport, Rotimi Amaechi, allegedly tried to manipulate him.

Inyang Okoro, a Supreme Court judge, whose home in Abuja was amongst those raided by masked SSS operatives on October 7 and 8, said security agencies came after him because he turned down pressure to help influence the outcome of the Supreme Court ruling on Akwa Ibom gubernatorial election.

In a letter dated October 17, 2016, and addressed directly to Mr. Mohammed, Mr. Okoro said operatives lured him to open his gate late at night using President Buhari’s name.

“On Friday, October 7, 2016, at about 9:00 p.m., I received a phone call from an unfamiliar caller. He introduced himself as an official from the presidency.

“He told me he had a letter for me from Mr. President. I immediately left my study room and went to open the door. Upon the door being opened, I saw so many heavily armed men with an inscription “DSS” on their uniform. One of them who was in mufti told me they were to search my house.

“I requested that I be allowed to inform the Chief Justice of Nigeria but they rebuffed, rather, they seized my phone from me,” Mr. Okoro said.

The letter, first published by Sitippe.com, is the latest in the emerging fallout of the SSS raid, which was conducted between late Friday, October 7, and early Saturday, October 8.

The raid saw scores of SSS operatives swoope on the premises of the judges arresting some of them.

The move, which the SSS described as a ‘sting operation’ in a statement, was conducted in Abuja, Enugu, Gombe, Kano and Port-Harcourt.

Seven allegedly corrupt judges were arrested in the raids while attempts to arrest more were frustrated.

Mr. Okoro’s letter came a few days after his junior colleague, Adeniyi Ademola, wrote a similar onethat was also addressed to Mr. Mohammed.

In his, Mr. Ademola blamed the Attorney-General, Abubakar Malami, for his own ordeal and said the SSS operatives frightened him with their firearms.

After narrating the initial tactics of the officer, Mr. Okoro went on to detail the items taken from his premises which he said included a unit of iPad, three phones, $38,800, N3.5 million and four chequebooks.

He said he signed the items declaration form presented to him by the SSS after the raid. Unlike Mr. Ademola, he did not say he was forced to sign at gunpoint.

Mr. Okoro, however, said the operatives refused his appeal to allow him sleep in his home and visit their office in the morning, adding that the guns they were holding also made it difficult for him to argue with them.

Mr. Okoro said they asked him to explain the source of funds found in his home.

“I told them that having received the sum of $24,000 and £10,000 a year for the past three years of my sojourn in this court as annual medical and vacation allowances. And having spent more than £5,000 on each of the three trips I have so far made abroad, I was entitled to have more than the amount recovered from me.

“Put differently, my Lord, the money was the balance of my estacode received from this court for the past three years.”

Mr. Okoro said all the money was quite outside the estacodes he had received for the international conferences he attended since joining the Supreme Court.

He told Mr. Mohammed that up till when he was writing his letter on October 17, exactly 10 days after the raid, the SSS has not confronted him with any petition or complaint from any quarters.

“Rather, they have grilled me asking questions on some non-existing properties around the country. They have also doubted the age of my children alleging that they are toddlers,” Mr. Okoro said. “This is sad and unbelievable.”

Specifically, Mr. Okoro accused Mr. Amaechi of being behind his ordeal.

The senior jurist recounted how Mr. Amaechi allegedly visited him in the run-up to the Supreme Court decision on the appeal about the outcome of the Akwa Ibom governorship poll in 2015.

The election pitted incumbent Emmanuel Udom of the Peoples Democratic Party against Umana Umana of the All Progressives Congress, who also allegedly visited the judge.

Mr. Udom won the election held on April 11, 2015, and the Supreme Court upheld it on February 3.

Mr. Okoro said the outcome would have been different if Mr. Amaechi had had his way.

The judge said he strongly believed that this his travail is not unconnected with a verbal report he had informed the Chief Justice about on February 1, 2016, to the effect that Mr. Amaechi visited his official residence.

Mr. Okoro said Mr. Amaechi approached him and said the president of Nigeria and the APC sent him to plead with the judge that they must win their election appeals in respect of Rivers State, Akwa Ibom State and Abia State at all costs.

“For Akwa Ibom State, he alleged that he sponsored Umana Umana, the candidate of APC for that election and that if he lost, Akwa Ibom appeal, he would have lost a fortune,” Mr. Okoro said.

“Mr. Amaechi also said that he had already visited you and that you had agreed to make me a member of the panel that would hear the appeals. He further told me that Mr. Umana would be paying me millions of naira monthly if I cooperated with them.

“Mr response, as I told you on that date, was that it does not lie within my power to grant his request and I would do all within my power not to be in the panel for Akwa Ibom State. My Lord, graciously left me out of the panel for Akwa Ibom State,” Mr. Okoro said.

But Mr. Amaechi flatly denied the allegations on Wednesday night.

In a message to PREMIUM TIMES by his media adviser, David Iyofor, Mr. Amaechi said Mr. Okoro’s allegations against him were baseless and spurious. He threatened to take legal action against the judge.

“This accusation from Justice Okoro against Amaechi is a figment of his imagination,” Mr. Iyofor said.

It was “concocted to obfuscate and politicise the real issues for his arrest and SSS investigation of allegations of corruption against him.

“The claims by Justice Okoro against Amaechi are blatant lies bereft of any iota of truth or even.”

“This is a cheap attempt, albeit political move, to drag the name of Amaechi into something he knows nothing about,” Mr. Iyofor said. “Justice Okoro should face his issues and leave Amaechi out of it. He will be hearing from our lawyers.”

Mr. Okoro also detailed how Mr. Umana allegedly paid him a separate visit in an attempt to influence the outcome of the Supreme Court ruling, adding that he was there with a clergyman.

“My Lord will recall that I also reported that Mr. Umana Umana visited my residence before Amaechi’s visit. He also made the same request of assistance to win his appeal at the Supreme Court. Mr. Umana talked about “seeing” the justices who would hear the appeal.

“Pastor Ebebe Ukpong who led Mr. Umana Umana to my house intercepted and said that the issue of “seeing” the justices was not part of their visit and that as a pastor he would not be part of such a discussion.

“Mr. Umana apologised and I advised them to go and pray about the matter and get a good lawyer. That was how they left my house,” Mr. Okoro said.

Notwithstanding, Mr. Okoro said members of the APC in Akwa Ibom continued to assume that he was the one responsible for their loss at the Supreme Court.

“Could I have resigned from the court simply because people of Akwa Ibom had a matter before it?” Mr. Okoro queried rhetorically.

Mr. Umana could not be reached for comments Tuesday night.

Mr. Okoro told the Chief Justice he had never been involved in corrupt practice.

 

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

FirstBank Makes Home Ownership Possible for Nigerians with Single-Digit Interest Rate Loan

Published

on

FirstBank Makes Home Ownership Possible for Nigerians with Single-Digit Interest Rate Loan

For millions of Nigerians, homeownership has long felt like an ambition deferred. Squeezed by rising property prices, persistent double-digit inflation and high commercial lending rates, the dream of owning a home has remained just that – a dream.

But that narrative is quietly changing. Thanks to FirstBank.

The N1 Trillion Intervention Reshaping Access

In partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF), FirstBank has unveiled a mortgage opportunity that could redefine access to housing finance in Nigeria.

Backed by the Federal Government’s N1trillion mortgage fund, the initiative is designed to empower Nigerians with affordable, long-term credit to own their homes.

9.75% Interest Rate in a 30% Lending Environment

MREIF is priced at 9.75% per annum, dramatically lower than prevailing commercial loan rates. Eligible Nigerians can access up to N100 million and repay within 20 years. This translates into significantly more manageable monthly repayments and greater long-term financial stability.

Built for Salary Earners, Entrepreneurs and the Diaspora

The MREIF mortgage facility has been structured to be inclusive. It is available to salary account holders, business owners and diaspora customers. Whether you are a young professional aiming to exit the rent cycle, an entrepreneur building generational stability, or you’re a Nigerian abroad looking to secure assets locally, the product opens a pathway that has historically been out of reach for many.

 

Taking the First Step

For those who have been waiting for the right time, this is definitely it. The question is no longer whether homeownership is possible. The real question is: will you act before the window narrows?

Visit https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ and in no time you could be the latest homeowner in town.

Continue Reading

Bank

Alpha Morgan Bank Deepens Presence in Abuja with New Branch in Utako

Published

on

Alpha Morgan Bank Deepens Presence in Abuja with New Branch in Utako

 

Marking another milestone in its expansion drive, Alpha Morgan Bank has opened a new branch in Utako, Abuja, reinforcing its strategy of building closer institutional ties within key business communities and bringing its financial expertise closer to individuals, and enterprises driving the city’s growth.

 

 

The new branch, located at Plot 1121 Obafemi Awolowo Way, Utako, Abuja is strategically positioned to serve individuals, entrepreneurs, and corporate clients within Utako and surrounding districts.

 

 

The expansion follows the Bank’s recently concluded Economic Review Webinar held in February 2026, as the bank continues to position as a thought-leader in the financial services industry.

 

 

Speaking on the opening, Ade Buraimo, Managing Director of Alpha Morgan Bank, said the move underscores the Bank’s commitment to accessibility and service excellence.

 

 

“Proximity matters in banking. As communities grow and commercial activity expands, financial institutions also evolve to meet customers where they are. The Utako Branch allows us to deliver our services to people in that community efficiently while maintaining the high standards our customers expect,”

 

 

The Utako location will provide a full suite of retail and corporate banking services, including account opening, deposits, transfers, business banking solutions, and financial advisory support.

 

 

Customers and members of the public are invited to visit the new Utako Branch to experience the Bank’s approach to satisfying banking.

Continue Reading

Business

Dangote Refinery Prioritises Domestic Supply Amid Global Energy Turbulence

Published

on

Dangote Refinery Prioritises Domestic Supply Amid Global Energy Turbulence

By George Omagbemi Sylvester | Published by SaharaWeeklyNG 

“Nigeria insulated from international fuel shocks as Dangote Petroleum commits to uninterrupted local delivery.”

 

Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to prioritising the domestic market, pledging to shield Nigerians from the ripple effects of ongoing global energy disruptions. The assurance, delivered in Lagos on 5 March 2026, comes as international refinery operations experience shutdowns or reduced output due to escalating Middle East geopolitical tensions, which have sent crude oil and petroleum product prices soaring worldwide.

 

“Our mandate remains clear: Nigeria’s local market takes precedence. In times of global supply shocks, we will continue to ensure that domestic availability of petrol, diesel, and kerosene is uninterrupted,” said Mr. Folorunsho Alakija, spokesperson for Dangote Petroleum Refinery.

 

The refinery’s declaration arrives amid mounting concerns over fuel scarcity, triggered by export restrictions imposed by major international producers, including China, and shipping delays that have further tightened global petroleum supply chains. Industry analysts have hailed the domestic focus as a critical buffer against volatility that could otherwise push Nigeria into deeper energy insecurity.

 

Domestic Shield Against Global Disruption

Dangote Refinery, Africa’s largest oil processing facility, has leveraged its multi-million-barrel refining capacity to mitigate Nigeria’s historical dependence on imported petroleum products. The company emphasised that prioritising local supply provides a strategic advantage in insulating the nation from international market shocks.

 

“Our refinery’s scale allows Nigeria to withstand short-term external disruptions. We have the infrastructure and capacity to meet local demand even when global supply chains falter,” explained Mr. Chijioke Okonkwo, Operations Director at Dangote Refinery.

 

The proactive approach is particularly significant as several international refineries have either reduced throughput or temporarily halted operations, causing a global scarcity of refined products. Experts warn that without domestic cushioning, fuel prices in Nigeria could have surged sharply, exacerbating inflationary pressures in a fragile economy.

 

Managing Costs While Prioritising Supply

In response to rising procurement costs for crude oil amid the international crisis, Dangote Refinery introduced a modest ₦100 per litre increase in the ex-depot price of Premium Motor Spirit (PMS), absorbing roughly 20 percent of the cost escalation to lessen the impact on consumers.

 

“We are balancing operational sustainability with affordability. While global prices have risen sharply, we have chosen to absorb a significant portion to protect Nigerian households and businesses,” noted Mr. Emmanuel Adeyemi, Chief Finance Officer.

 

This pricing strategy underscores the refinery’s dual focus: ensuring uninterrupted supply while cushioning the public from abrupt spikes that could destabilize economic activity. Industry observers have lauded the approach as pragmatic, considering the volatility in international oil markets.

 

Strategic Distribution Initiatives

Beyond refining, Dangote Petroleum has initiated Compressed Natural Gas (CNG) powered trucks to enhance nationwide distribution efficiency. The initiative seeks to reduce logistics costs and carbon emissions while ensuring a more reliable delivery network to petrol stations across urban and rural areas.

 

“Logistics is a critical part of the energy supply chain. By deploying CNG-powered trucks, we reduce dependency on expensive diesel, lower delivery costs, and improve supply reliability across the country,” explained Ms. Funke Adedoyin, Head of Logistics Operations.

 

This strategic move reflects a broader commitment to modernising Nigeria’s petroleum distribution infrastructure, reducing bottlenecks that have historically contributed to scarcity at retail outlets.

 

Implications for National Energy Security

Nigeria has historically struggled with fuel imports to meet domestic demand, making the country vulnerable to international market fluctuations. Dangote Refinery’s prioritisation of local supply mitigates this vulnerability by leveraging home-grown refining capacity, which allows for timely access to petroleum products and less reliance on foreign shipments.

 

“With Dangote Refinery leading local prioritisation, Nigeria is less exposed to global fuel shocks. The country is moving towards self-reliance in petroleum product supply,” commented Dr. Halima Suleiman, energy sector analyst.

 

Experts note that sustained operations at the refinery not only enhance energy security but also preserve foreign exchange, reduce import bills, and stabilise domestic market prices.

 

Corporate Social Responsibility and Market Stability

The refinery’s commitment is part of a broader corporate responsibility framework. Dangote Petroleum continues to engage with government agencies and regulatory bodies, ensuring that domestic supply is coordinated with Nigeria’s Petroleum Product Pricing and Regulatory Agency (PPPRA) to prevent panic buying and market distortions.

 

“We are in constant consultation with the government to ensure that our supply strategies align with national economic priorities,” said Mr. Alakija.

 

Such collaboration helps avert artificial shortages, stabilises pump prices, and maintains confidence in the domestic fuel market. Analysts argue that this approach exemplifies how private sector capabilities can complement governmental policies to enhance national resilience.

 

Navigating Global Uncertainties

The refinery operates in a complex global environment, where geopolitical crises, shipping constraints, and crude oil volatility can trigger disruptions. Dangote Petroleum’s domestic-first approach positions Nigeria to weather such crises more effectively.

 

“Global uncertainties are unavoidable, but our infrastructure and strategy ensure that Nigerians remain insulated from immediate shocks,” said Mr. Okonkwo.

 

This emphasis on resilience aligns with global best practices, where national refining capacity is leveraged to protect local markets from international supply disruptions.

 

Stakeholder Reactions

The government, civil society, and industry stakeholders have welcomed Dangote Petroleum’s strategy. Officials from the Federal Ministry of Petroleum Resources noted that prioritising local supply aligns with Nigeria’s energy security policies and reduces the burden of foreign exchange expenditures on crude imports.

 

“Dangote Refinery is demonstrating leadership. Its domestic prioritisation ensures that the Nigerian economy remains insulated during turbulent global markets,” said Dr. Tunji Olumide, Special Adviser on Energy.

 

Consumers have also expressed cautious optimism. Retail operators and commuters reported steadier fuel availability in Lagos and other cities, though concerns remain about sustained pricing and distribution efficiency.

 

The Road Ahead

While Dangote Refinery’s strategy provides immediate relief, experts argue that long-term stability requires further investments in alternative energy, diversified refining infrastructure, and strategic reserves. This ensures that Nigeria can withstand global shocks without relying excessively on imports or temporary supply adjustments.

 

“Short-term measures like prioritising local supply are critical, but long-term energy security demands diversification, renewables adoption, and consistent policy implementation,” said Dr. Suleiman.

 

The refinery is exploring additional initiatives, including expanding storage capacity, upgrading pipeline networks, and adopting technology-driven monitoring systems to ensure supply continuity across the country.

 

Final Take

By prioritising domestic fuel supply amid global market turbulence, Dangote Petroleum Refinery and Petrochemicals has demonstrated its role as a stabilising force in Nigeria’s energy sector. Through strategic logistics, modest pricing adjustments, and engagement with government regulators, the refinery is insulating the nation from international shocks while maintaining operational sustainability.

 

“Our responsibility extends beyond profitability; it’s about ensuring Nigerians have reliable access to essential fuel. We take that mandate seriously,” concluded Mr. Adeyemi.

 

The refinery’s actions offer a blueprint for how large-scale domestic capacity can protect national economies in times of global energy instability, underscoring the critical intersection of private sector resilience, public policy, and national energy security.

Continue Reading

Cover Of The Week

Trending