Business
NDDC IN A MULTIBILLION NAIRA CONTRACT SCAM. + ALL THE DOCUMENTS THAT EXPOSED THEM
The Niger Delta Development Commission, NDDC, is reeking of a multibillion naira scam involving the board and top management of the agency.
Documents obtained by PREMIUM TIMES show that the board and management of the commission violated a directive by former President Goodluck Jonathan on probity and accountable handling of funds.
Mr. Jonathan had on December 16, 2013, while inaugurating the Bassey Ewa Henshaw-led board at the Aso Rock Villa, cautioned against the award of fresh contracts until all ongoing ones are completed.
“A body like NDDC should not just go into a voyage of contracts procurement but ongoing projects must be completed for people to benefit before new ones are awarded,” Mr. Jonathan had said.
“There are just too many ongoing projects and we believe that you don’t even have enough manpower to manage the ongoing projects.”
The president also hinted at financial impropriety by previous managements of the NDDC, saying, “If you aggregate the total amount of money the Federal Government has spent on this agency, (it) is enormous. And I don’t believe on ground that we have something to show.”
“The former board at a time had to be dissolved because instead of the board to work with the management to make sure that people from the area benefit from the NDDC, they were busy quarrelling over money.”
But this newspaper can authoritatively report that the commission not only jettisoned Mr. Jonathan’s directive, but it brazenly abused the nation’s procurement law.
Two weeks after it was inaugurated, the commission awarded a curious contract for what it called intelligence gathering, management and mitigation in all the senatorial districts in the nine states within the region.
To circumvent the Public Procurement Act 2007, the commission was said to have split the job into 30 lots and awarded to political gladiators and cronies of board members and top management staff.
A total of N2.7billion was doled out to 30 companies for the contracts, described as spurious by some insiders.
There are claims that some of the firms that benefited from the contracts are not registered with the Corporate Affairs Commission as prescribed by the Nigerian Companies and Allied Matters Act. But that could not be independently verified by PREMIUM TIMES Friday.
In each of the nine catchment states, a total N299.2million was spent on the contract with each contractor in a senatorial district getting N99.7million.
In the execution of the jobs, contractors served as both consultants and executors of the contract.
The jobs emanated from the office of the head of the security department through the Executive Director, Projects, Tuoyo Omatsuli, to the Executive Director, Finance and Administration, Henry Ogiri.
Approval for the payment of the contractors was conveyed via an internal memo, dated December 15, 2014.
Some of the companies that benefited included Osmoserve Global Limited, Merryl Finch Limited, Viva Guarantees Limited, Actinum Limited, Virgin Logistics Limited, Wright Integrated services Limited, among others.
Again on February 25, 2014, the Managing Director, Dan Abia, awarded a N882million contract, above his statutory approval limit of N2.5million, for the purchase of 40 luxury vehicles.
The contract was awarded to Automatt Global Services, located at 167 Aba Road, Port Harcourt, Rivers State, with a Local Purchase Order, LPO, no: 15301.
The order included 18 Toyota Hilux 4×4 pickup vans, two armoured LX570 Lexus jeeps, two regular LX570 Lexus SUVs, two armoured Toyota V8 Land Cruiser SUVs and 16 regular Toyota V8 Land Cruiser SUVs.
The Toyota Hilux van, which was bought by the commission at N156.5 million, with each costing N8.7million is sold for N6.5million at Carmudi, an online car shop.
Equally, a regular Toyota V8 Land Cruiser SUV, which was supplied to the commission at N27.9 million each, sells for N18.5million at Carmudi while a regular Lexus LX570 SUV which it got for N32.4million is sold for N22.5 million at Carmudi.
PREMIUM TIMES could not get the exact prices of the armoured vehicles but dealers, who spoke on the issue, insisted that the NDDC quotes were outrageous.
The vehicles where bought even when the commission has surplus in its garages and even gives away to top politicians across the country.
The commission also awarded contracts for the purchase of vehicles for the police commands in the catchment area at N12.5 billion.
Police commands in Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo and Delta states benefited from the security vehicle contract.
However, instead of routing the contract through the Bureau of Public Procurement and the Federal Executive Council as mandated by the procurement law, the commission was said to have split the job into 12 slots and awarded each at the cost of N985 million.
A source in the commission, who asked not to be named because he is not empowered to speak on the matter, confided in this newspaper how a contract for the acquisition of waste disposal trucks worth over N1.6 billion was awarded against the provisions of the procurement law.
“The contract was split among 85 companies and each got close to one hundred million,” said the source.
“You can see from the local purchase order for the purchase of the 40 luxury vehicles that was awarded to a Port Harcourt-based automobile firm that the NDDC does not obey relevant laws of the land.”
Attempts to speak with the commission’s managing director, Dan Abia, failed as he would neither answer calls nor respond to a text message sent to him.
However, when contacted on the telephone, the commission’s spokesperson, Ibitoye Abosede, said, “I am not aware of all these things. Is the NDDC the only place you are supposed to report? I am not aware of these things you are talking about. Thank you.”
Here are the documents below:
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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