Business
Exposed! “Jimoh Ibrahim sent Assassins to eliminate me for revealing His N35.5 billion scams” + Intimate details of how he defrauded the Government
Following President Buhari war on corruption and my various publications in the saharareporters.com and a few national newspapers, of which a copy is hereby attached, Bar Jimoh Ibrahim paid some hired assassins to eliminate me. Controversial businessman, Jimoh Ibrahim
I am being monitored by four men with two power bike after a meeting was held in Bar Jimoh Ibrahim hotel, where it was agreed that if they could not get me kidnapped on or before the 4th of Aug, my house will be attacked on 5th Aug, 2015.
Having paid the assassins, Barrister Ibrahim, out of fear that he might be arrested, left Nigeria few days ago to London and has enrolled as a student in Oxford University, for a part time course as a cover up.
The reason for assassinating is as follows
That John Nnorom exposed the N35.5Billion Aviation Intervention fund fraud, which was diverted by Bar Jimoh Ibrahim into his personal account and the Nigeria Senate resolution dated 29th Nov, 2012 signed by Senator Hope Uzodinma, asking the then Governor of Central Bank of Nigeria, Sanusi Lamido Sanusi, current Emir of Kano, to recover the money. There is a big panic in Jimoh house, that President Buhari, who has refused to grant Bar Jimoh Ibrahim audience despite four attempts made by Bar Jimoh Ibrahim will prosecute him in the next few months.
That John Nnorom exposed the N10Billion paid to Nicon Insurance Plc by the Accountant General of Nigeria, for payment of pensioners but Bar Jimoh Ibrahim diverted the money into the acquisition of his private challenger jet with Reg No : NG 605 GF. The pensioners are dying. This case has been established, as EFCC has traced the fund movement from the money paid by the accountant general into the seller of the aircraft account based on my petition. We have even contacted the lawyer that processes the purchase of the Aircraft in USA as part of the witness. The challenger is currently parked in SAO TOME.
That John Nnorom will take all risk to testify against Bar Jimoh Ibrahim during trial and therefore, it is better to assassinate him now.
I therefore call on all patriotic Nigerians, including the Inspector- General of Police, our President Buhari, the DG – SSS, to note that if anything happen to me, Bar Jimoh Ibrahim should be prosecuted.
JOHN I NNOROM ( FCA, ACTI, MBA
17 KODEOSH STREET, IKEJA, LAGOS http: www.nuclearworld.com.ng
e-mail: john [email protected] TEL: 08033064519; 07068021111
BAR JIMOH IBRAHIM: THE FACE OF CORRUPTION IN NIGERIA
On the 23rd of June, 2015, Our President, vowed to recover within three months all the money looted from our treasury. For making such a vow, history and posterity will remember President Buhari. I recalled during the first week of June, 2015, I dreamt a dream, where some of my friends, who died fighting corruption, were celebrating in a cloud of rainbow. I woke up, wondering, why this celebration in the heavenly realm. Three weeks later, President Buhari vowed to recover our stolen wealth, my joy is unlimited.
Dear President Buhari, I promised to fight corruption with the last breath in my life in 2012 and would like to mention that, Bar Jimoh Ibrahim represents corruption institutionzed at the highest level in Nigeria. The sale of the following Federal Government investments, which Jimoh was a front, namely Air Nigeria Development Ltd, Nicon Insurance Plc, Nigeria Re-insurance Corporation were all fraudulent sales. Jimoh has been on asset stripping of these institutions, into Nicon Investment Ltd, a company blacklisted by Central Bank of Nigeria during the era of Mallam Sanusi Lamido Sanusi, now the Emir of Kano.
Mr. President, I summarized below, how these institutions, which were partly owned by Federal Government were stripped of her assets by Jimoh. No board meeting has been held for all these massive withdrawals by Jimoh and the effort that, I made in whistleblowing his activities with little emphasis on various assassination attempts on my life.
ACQUISITION OF OUR NATIONAL CARRIER: VIRGIN NIGERIA, N35.5B DIVERTED FOR PERSONAL USE
Virgin Nigeria was in debt of $237M (N35.5Billion) repayable over a period of 5years, when Jimoh acting as a front for highly placed Federal Government official fraudulently acquired the National Carrier without paying a kobo. The debt of N35.5B was transferred to Nicon Group Account with UBA PLC. This transfer gave the Air line, a clean account, which was highly published. Air Nigeria immediately took the Aviation Intervention Loan of N35.5Billion from Bank of Industry through United Bank for Africa. This loan was debited back to Air Nigeria account and Nicon Group of companies account was credited. This loan was diverted into the purchase of the land, where the largest oil well in the world is deposited in SAO TOME including acres of land for the building of a university by Jimoh . Part of this loan was used in the purchase of choice properties in Dubai, USA and UK. I wrote to the then, Nigeria Senate President, David Mark, who directed my petition to the Senate Committee on Aviation, then chairman by Senator Hope Uzodinma. This committee confirmed my petition and recommended in senate resolution dated 29th Nov, 2014 that, Governor Sanusi Lamido Sanusi, now the Emir of Kano should recover this money from Jimoh . We all know, how the Emir of Kano exited from CBN and to date THIS FEDERAL GOVERNMENT INTERVENTION FUND HAS NOT BEEN RECOVERED (documents are hereby attached)
AIR NIGERIA DEVELOPMENT LTD : N6B STOLEN BY JIMOH
The loan of N35.5B was repayable over a period of 5years to UBA PLC but Federal Government Aviation Intervention fund, which the Bank of Industry approved for Air Nigeria was repayable over a period of 15years with lower interest rate, which resulted to an excess of N6Billion yearly cash inflow into the Airline account from 2009 to 2013. This is the amount that Jimoh diverted to Nicon Investment Ltd, a company owned by his family, despite the fact, that there are many stakeholders in the airline, which includes the employee, the shareholders, the creditors etc. In addition to my resignation, he sacked 790 staff on the pages of newspapers and many are dead to date without any pension. Our suit No ; NICN/LA/481/2012 still pending in court. Despite all, Jimoh, sold the Airline for N3Billion and pocketed the money. (Schedule of withdrawal is hereby attached)
ACQUISITION OF NICON INSURANCE PLC VALUED AT 10% OF TOTAL COST
Nicon Insurance Plc, had 20million pounds in her special Foreign account in London , shares in Union bank valued at N500Million, millions of pounds in union bank London branch, millions of dollars in American Express Bank, which were not disclosed at the time of acquisition. The Nicon Insurance was under-valued by 90% based on Jimoh instruction, that only the Naira valuation will be considered in the purchase. The Nicon Insurance was not in distress as at the time of acquisition by Jimoh. The naira valuation represents 10% of the total value of the company. Jimoh without following due process won the privatization bid on Nicon Insurance Plc. Like in all his acquisition, it was heavily published that Jimoh acquired Nicon Insurance Plc.
With fake building document deposited in bank for the acquisition, Jimoh appointed the Managing Director, Mr.Emmanuel Jegede, who signed the purchase agreement and before payment could be made to Federal Government, he travelled to London with Jegede, The EX-MD and EX-Company Secretary of NICON Insurance Plc, and clean the account of NICON in London, thereby recovering nine times the value of the company. To cover this fraud, Jimoh sacked all the NICON staff in the five story London office, located at 21 Worship Street, London, EC2A 2BH. When the auditor representing the Federal Government 30% shareholding started shouting internally in Nigeria, on the looting of Nicon Insurance Plc, Jimoh, invited him for a meeting and on his way back to his house, he was assassinated. Having assassinated the internal auditor, the following people namely: Mr. Emmanuel Akinmolu Jegede, the MD- Nicon Insurance Plc, pledged his 100% loyalty, Ms Prisca Soares the Ex-MD/CEO of Nicon Insurance and the Ex-company secretary ran away from Jimoh for safety reasons. Dear President Buhari, let these people be interrogated under oath on this deal, with your assurance that they will not be assassinated by Jimoh.
DYING PENSIONER MONEY USED TO BUY JET WITH REG NO: NG605GF
In the last few years, the Accountant –General of Nigeria paid over N13Billion to Nicon Insurance Plc, for the purpose of paying pensioners. As usual, the money was laundered to USA and out of this money; Jimoh bought the challenger 625 jet with Reg No: NG605GF that he is currently flying around the world, while pensioners are dying every day. I reported this case to EFCC and it was investigated. EFCC confirmed my petition that Jimoh diverted this money but refused to charge him to court saying that I am not an interested legal person. However, this money represents fraudulent withdrawal from corporate institution owned by Federal Government, of which I am a Nigerian by birth. It should be noted that Federal Government still holds 30% of Nicon Insurance Plc shares. Please, President Buhari, help us to recover this loot.
BAR JIMOH IBRAHIM TAX EVASION SUIT OF N6. 4B/FIRS IN COOLER
The Federal Inland Revenue Services after thorough investigation of my petition on the N6.4Billion owed FIRS, made several efforts to recover this money despite the threat by the then Attorney- General Bar Adoke. Jimoh was arrested and charged to court. The first case was a criminal suit on tax clearance certificate forgeries in Abuja and the second suit was recovery of the debt. I followed this up with several visits to FIRS office and various publications but Jimoh paid back only N150Million to FIRS, the balance of this money need to be recovered, for which Jimoh wrote an undertaking to pay in FIRS office. In addition to the above, the criminal case in Abuja on tax certificate forgeries is now in the cooler. Dear President Buhari, please help FIRS to recover this loot, which belongs to Federal Government.
BAR JIMOH IBRAHIM DOES NOT PAY CORPORATE TAX ON HIS 16 COMPANIES
The following companies namely ; Global fleet oil & Gas Ltd, Nicon Insurance Plc, Nigeria RE-insurance Corporation, Nicon Properties Ltd, Nicon Luxury Hotel Ltd Okitipupa, Abuja Nicon hotels Ltd, Nicon hotels Ltd VGC, Nicon hotels Ltd, PHC and National Mirror Ltd, do not have current tax clearance certificate. All these companies do not pay corporate taxes to the Federal Inland Revenue Services in Nigeria. Even withholding taxes deducted from sales on behalf of Federal Government, are not remitted. The last signed audited account of these companies were in 2009 and I have challenged Bar Jimoh Ibrahim to published in two national newspapers the tax clearance certificate of his conglomerate since 2012. This is a criminal offence in addition to recovery. Please, help us sir.
EMPLOYEE TAX FRAUD : EFCC REFUSED TO CHARGE JIMOH IBRAHIM TO COURT
In all the companies owned by jimoh, taxes are not remitted to the relevant tax authorities but were deducted from staff salaries. I am a victim and I petition Jimoh to EFCC, listing as witness the 790 Ex-staff of Air Nigeria sacked on the pages of newspapers. The same EFCC charged to court Steve Judd, the MD of Ascot Flowlines Limited for tax deduction not remitted to the board and pension fund deducted not remitted on one staff named, Bar Austin Aguguo. However to date, EFCC has refused, to charge Jimoh to court for refusal to remit tax deduction from my salary and 790 Ex-Staff of Air Nigeria. Please, help us sir.
For this cause, I was arrested on false allegation, charged to court and was discharged. The gallant FIRS officers that arrested Jimoh were transferred out, at a point, shown red and green pen by the Attorney- General Bar Adoke, the IPO in EFCC was harassed and warned by OGA, in addition to various assassination attempts on my life.
I hereby appeal to our President to consider this open letter and ensure that the loot is fully recovered. Thank you President Buhari.
Yours Faithfully,
JOHN I NNOROM (FCA, ACTI, MBA)
Business
FirstBank Makes Home Ownership Possible for Nigerians with Single-Digit Interest Rate Loan
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.
Bank
Alpha Morgan Bank Deepens Presence in Abuja with New Branch in Utako
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.
Business
Dangote Refinery Prioritises Domestic Supply Amid Global Energy Turbulence
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.
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