Business
More criminal activities of Seun Egbegbe uncovered + How he commited $3,000 fraud in Ibadan
The dealer, Semiu and Egbegbe had met briefly on December 9, 2015, at a MultiChoice outlet opened by the latter two days earlier at Uncle Joe Bus Stop at Mokola area, Ibadan.
About 9 am on that day; the dealer told SaharaReporters, a man he had never met walked into the outlet requesting to buy two GOtv decoders.
The prospective customer, added the dealer, said he was expecting a friend of his to bring money with which he would pay for the decoders.
Shortly after his arrival, another man arrived wearing jellabiya, the long robe favored by Muslim men, and gave the prospective customer some money.
The dealer, who was working when the jellabiya-wearing man handed over the cash, said he did not know the exact sum given to the first man. After handing over the cash, the man in jellabiya left. Curiously, too, the prospective customer, who would later turn out to be Egbegbe, the dealer explained, stepped out of the shop and waited outside, where he was shielded from view by a glass door.
Wondering what was happening to the envisaged transaction, the dealer stepped out to check on Egbegbe.
He found him standing outside and sought to know what was going on. Egbegbe, who kept impersonating a prospective customer, then pointed to a man waiting for downstairs, signaling that he was the one that would provide information required for the activation of the decoders. Though he was speaking, said the dealer, his voice was drowned out by music from the loud speakers hired to create awareness for the outlet.
That was the beginning of trouble. When the jellabiya-wearing man got upstairs to meet the dealer, he announced to him that Egbegbe had taken $3,000 from him.
He could not make any connection between what he heard and the transaction he was supposed to carry out.
“I considered it a joke initially, but later realized that the second guy was a Hausa man, who had innocently transacted business with the pretended customer on the assumption that he owned the MultiChoice outlet,” the dealer said.
The Hausa man, recalled the dealer, told him that the pretended customer had phoned him from a Fidelity Bank branch opposite the MultiChoice outlet, claiming to own that place and requesting to change naira to dollars.
Apparently, Egbegbe had failed to give the forex trader the naira equivalent of the money he took from him, with currency trader lured into a false sense of security that Egbegbe owned the dealership and could always find him there.
When the currency trader realized that the man he transacted business with was not the owner, he raised the alarm.
“Before I knew what was happening, I was surrounded by over 20 Hausa men and dragged to Sabo, the hub of forex trading in Ibadan,” the dealer told SaharaReporters.
From there, things would get nastier. At Sabo, the currency traders convinced that the dealer knew the man who took $3,000, descended on him.
“I was beaten for about 45 minutes and was about to be killed before a policeman from State Investigation Bureau (SIB), named Samson, intervened and ordered us to move to Oyo State Police Command Headquarters at Eleyele,” he recalled.
While relieved to have escaped jungle justice, there was to be no further let-up to his ordeal.
At the SIB, the dealer and other currency traders were told to wait in a room, while the man from whom the $3,000 was taken, Samson and the SIB head went for a private discussion. After their discussion, and without any interrogation, he claimed, they were transferred to AKS for another round of beating.
At AKS, he added, they kept asking him to refund the $3,000.
“I kept telling them that I knew nothing about the money and that they should not kill me because of $3,000 (N750,000). After about 30 minutes of beating, I was handcuffed and taken to my office and to my house. My wife and four-year-old daughter saw me in handcuffs. They searched my house and found nothing,” he said.
Before going to the dealer’s house, they had arrested the Chief Security Officer (CSO) of the Fidelity Bank branch opposite his office, where the perpetrator of the fraud claimed to have phoned the currency trader from. The CSO was arrested because the police found evidence that he had phoned.
Samson, the police officer, explained the dealer, had told them at SIB that CSO called him to find out if the operation was successful and that the CSO said it was.
From his house, they moved to that of his staff identified as Alfa. This is in the Agbowo area of Ibadan. They equally found nothing incriminating in the house.
The dealer said he would also later discover that Samson, the policeman, told the SIB that the found firearms in his house. He was the detained for five days.
While in detention, he kept requesting that he be charged to court because he suspected that there was a plot to make him face criminal charges and have him remanded in prison. On account of the suspected plot, many people, including one of his lawyers, advised the dealer to offer to pay N500,000 of the N750,000. The man from whom the money was taken agreed when it was suggested to him. He was told to put it in writing.
“I knew nothing about the money and there was also no way I could raise the amount suggested, having just started business. I was given till 15 January 2016 to pay part of the money,” he narrated.
While waiting outside the Anti-Robbery Squad premises on the deadline day of January 15, 2016 the dealer said he saw actress Toyin Aimakhu with a man that was being wildly cheered by policemen.
He took a closer look and discovered that the man being cheered by the policemen was the person that came to his office requesting to buy GOtv decoders and eventually took $3,000 from the currency trader.
On the said day the victim saw him at Anti-robbery Squad where Seun Egbegbe and Toyin Aimaku came to release Aimakhu’s Range Rover that he Seun gave her which d police impounded from her driver earlier that day and fortunately Semiu saw and recognized Seun Egbegbe as someone who collected $3000 from the BDC vendor. lawyers.
“I was confused. I then told one of the Anti-Robbery Squad officers that the man in front of them was the one who collected the $3,000.
The officer asked if I knew the person I was pointing at. I said I was sure he was the one. The officer said he is Seun Egbegbe, a socialite,” said the dealer.
Stung, the dealer I ran to the Investigative Police Officer (IPO) handling his matter to tell him of his discovery. The IPO, the dealer said, asked him repeatedly if he was sure of the man’s identity.
“I told him I was sure he was the one who came to my shop,” stated the dealer.
Drama then ensued when the IPO wanted to arrest Egbegbe. He was arrested after initial hesitation by police and confessed that he was the one that did it.
But his actress girlfriend, Toyin Aimakhu told the police that she was ready to offer them (the police) any amount to bury the case because she doesn’t want a scandal, the victim wanted to press charges against Seun Egbegbe but the police colluded with Aimakhu and threatened Semiu and his co-victim with harm.
Some officers were opposed to his arrest, but the IPO insisted on arresting him, and he was arrested.
He confessed to the crime and promised to refund the Hausa, currency trader. The actress, added the dealer, slumped in shock.
“I was invited back to AKS on January 18, 2016, for apology and compensation, but nothing not was done. The CSO and another staff of the Fidelity Bank branch lost their job. I incurred huge financial losses and almost lost my sight,” the dealer recalled.
Precision and Heritage: How Fifi Stitches Is Rewriting African Fashion Narratives
A Nigerian-born designer is gradually carving out a cross-continental footprint in contemporary fashion, blending African textile heritage with British technical discipline.
Esther Fiyinfoluwa Adeosun, Founder and Creative Director of Fifi Stitches, is gaining recognition for structured womenswear and bridal couture that reinterprets traditional fabrics through architectural tailoring and precision construction.
Born in Ibadan, Oyo State, Adeosun’s fashion journey began at home, seated beside her mother’s sewing machine. What started as childhood curiosity, sometimes jamming the machine just to understand its mechanics—evolved into a disciplined design practice now operating between Nigeria and the United Kingdom.
During an interview with journalists the fifi Stitches once mentioned “I was fascinated by how flat fabric could transform into something structured and meaningful”.
In her Story , early designs made for her family, though imperfectly finished, were worn with pride—an encouragement that laid the foundation for her professional confidence.
Today, Fifi Stitches is recognised for sculpted bodices, controlled tailoring, corsetry construction, and the contemporary reinterpretation of Ankara, Aso Oke, and Adire textiles.
The brand challenges the long-held perception that African fabrics belong solely in ceremonial contexts, instead positioning them within global luxury and modern design spaces.
Adeosun’s training reflects this dual perspective. She studied Fashion Design and Entrepreneurship at the Institute for Entrepreneurship and Development Studies, Obafemi Awolowo University, and earned a Diploma in Fashion Design through Alison Online.
In the UK, she undertook industry-focused technical training with Fashion-Enter Ltd and gained fashion business exposure through Fashion Capital UK.
Her technical expertise spans pattern drafting, draping, garment technology, structured tailoring, corsetry, and bespoke fittings—skills she describes as central to credibility in fashion. “Precision builds trust,” she says. “A designer must understand construction as deeply as creativity.”
Fifi Stitches has showcased collections at the Suffolk Fashion Show, Liverpool Fashion Show – FB Fashion Ball, Red Carpet Fashion Event in London, and through editorial features in London Runway Magazine.
The brand has also received coverage in The Guardian Nigeria and Vanguard Allure, expanding its visibility across markets.
Beyond couture, Adeosun integrates community impact into her practice.
She has facilitated garment construction workshops, draping sessions, and introductory training programmes for women and emerging creatives, promoting fashion as both artistic expression and vocational empowerment.
Fifi Stcithes Boss operates between Nigeria and the UK, in order to continue to shape her brand identity.
According to her “Nigeria provides cultural richness and expressive textile traditions, while the UK offers structured production systems, sustainability conversations, and institutional frameworks”.
Looking ahead, Adeosun said she plan to establish a fully structured fashion house spanning Africa and the UK, develop scalable production partnerships, launch capsule collections, and expand independent editorial visibility.
Her broader ambition is clear: to position African textile craftsmanship within global contemporary design conversations—through structure, discipline, and technical excellence.
GTCO Launches “Take on Squad” Hackathon 3.0, Opens Call for Applications
Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has announced the launch of “Take on Squad” Hackathon 3.0, reaffirming its commitment to fostering innovation, empowering talent, and supporting the development of technology-driven solutions that address real-world challenges across Africa.
Now in its third edition, the Hackathon brings together developers, designers and entrepreneurs across Nigeria in a collaborative environment to build practical solutions across key sectors including financial services, healthcare, commerce and digital inclusion. Under the theme “Smart Systems: The Intelligent Economy,” participants are challenged to design and build intelligent, data-driven solutions that transform how communities engage with money.
Applications are now open, and interested teams can find full guidelines and registration details on the official portal at https://squadco.com/hackathon.
Speaking on the initiative, Eduophon Japhet, Managing Director of HabariPay, stated: “Today’s dynamic, digitally driven world demands continuous innovation, which is shaping how economies grow, how businesses scale, and how societies evolve. Through “Take on Squad” Hackathon, we are deliberately investing in the ideas and talent that will define the future. Our objective is not simply to encourage innovation, but to enable its translation into scalable solutions that deliver real and measurable impact. This reflects GTCO’s role as a financial services platform that connects capital, capability, and creativity to drive sustainable progress.”
The social coding event remains a cornerstone of HabariPay’s mission to foster creativity and problem-solving among emerging tech talents. Competing teams will leverage Squad’s advanced APIs to create scalable digital tools that address everyday challenges faced by businesses and individuals.
Through initiatives such as this, GTCO continues to position itself at the intersection of finance, technology and enterprise, actively shaping the future of digital transformation in Africa.
About HabariPay
HabariPay Ltd is the fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), one of the largest financial services institutions in Africa with direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom.
Licensed by the Central Bank of Nigeria (CBN), our goal is to support SMEs, micro merchants, large corporations and other fintechs (Tech Stars) with the tools they need to thrive in an evolving digital economy and expand beyond their current market reach. HabariPay’s solutions include Squad, a full-scale digital payments toolkit to make in-person and online payments simpler, HabariPay Storefront, an e-commerce website to facilitate online purchases, Value-Added Services to help merchants access cost-effective and flexible airtime and data bundles to run their businesses, as well as a switching infrastructure that enables tech-focused businesses to optimise cost and make transactions more efficient.
HabariPay’s contributions to Accelerating Digital Acceptance in Africa have not gone unnoticed–it received Mastercard’s Innovative Mobile Payment Solution Award at TIA 2022 for its innovative payment solution, SquadPOS.
About Squad
Squad is a complete digital payments solution that is reliable, secure, and affordable, making receiving in-person and online payments simpler and convenient.
Thousands of merchants currently leverage Squad’s payment solutions for their daily business operations. Squad’s current products and service offerings include SquadPOS, Squad Payment Links, Squad Virtual Accounts, USSD, and E-Commerce Storefront.
Find out more at www.squadco.com.
Electric 8-Seater Tula Moto Keke Enters Nigerian Market, Targets Higher Operator Earnings
LAGOS — A new electric-powered tricycle with an expanded passenger capacity has been introduced into Nigeria’s urban transport sector, offering operators a potentially more profitable and eco-friendly alternative to conventional petrol-driven “keke.”
The newly launched 8-seater electric tricycle, now available in Lagos with plans for nationwide distribution, features a dual-row seating arrangement capable of accommodating up to eight passengers per trip—significantly higher than the standard three-passenger configuration common across the country.
Promoters of the innovation say the increased capacity is designed to boost daily earnings for operators, particularly amid persistent fluctuations in fuel prices. By running entirely on electric power, the vehicle eliminates dependence on petrol, reducing operating costs and shielding drivers from fuel price volatility.
According to the distributors, the tricycle is equipped with a durable battery system capable of covering extended distances on a single charge, making it suitable for commercial operations across high-traffic routes, residential estates, campuses, and marketplaces.
“The concept is straightforward—enable drivers to earn more while spending less,” a company representative stated. “With higher passenger capacity and zero fuel requirements, operators can maximise each trip without the burden of daily fuel expenses.”
Beyond its cost-saving potential, the electric keke is also said to require less maintenance than traditional models, offering additional long-term savings. Its quieter and smoother operation is expected to enhance passenger comfort and overall commuting experience.
Industry analysts note that the introduction of electric mobility solutions reflects a growing shift toward cleaner and more sustainable transportation alternatives in Nigeria, particularly in densely populated urban centres such as Lagos.
The distributors added that the product is currently available under a limited promotional offer, with delivery options across the country.
For inquiries and purchase: 📞 08153432071
📞 08035889103
Office Address:
📍 Plot 9, Block 113, Beulah Plaza,
Lekki–Epe Expressway,
Lekki Phase 1, Lagos
As transportation costs continue to rise and environmental concerns gain prominence, innovations like the electric 8-seater keke may signal an emerging transition toward more efficient and sustainable mobility solutions nationwide.
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