Connect with us

Business

OPC members drag National Coordinator, Gani Adams to EFCC for allegedly diverting $22m

Published

on

gani-adam

 

 

Some members of the Oodua Peoples Congress (OPC) have dragged the factional na­tional coordinator of the organisation, Otunba Gani Adams, to the Economic and Financial Crimes Com­mission (EFCC) for allegedly diverting $22m.

The aggrieved members made these claims of financial fraud in a three-page petition, dated March 4 and signed by 26 members of the National Coordinating Council of the group.

The petition was report­edly received at the Lagos office of the anti-graft agen­cy on March 11.

They alleged that one of the purported offences of Adams was diversion of $22 million, which he al­legedly received on behalf of the group from the late Libyan leader, Muamar Ghadaffi.

The aggrieved OPC members, who signed the petition were Messrs Ra­sak Arogundade, Monsuru Akande, Adesina Akinpelu, Kehinde Ogunyale, Ade­ola Adeagbo, Ranti Akande, Gbenga Egunlusi, Lateef Oshodi, ‘Layiwola Ogun­solu, Olusoji Folorunso, Sunday Bankole, ‘Segun Olusanya and Sunday Ade­bayo and Idowu Akintunde.

The list also comprised Oyename Adebayo, Lateef Kaka, Oladipupu Musa, Musiliu Amusa, Lateef Ogungbayi, Morufu Salami, Rotimi Akinsowon, Taofik Hameed, Dauda Oyelowo, Yinka Olowoporoku, Adio Odewole and Alexander Adesina.

The petition reads in part: “Besides funds stolen or misappropriated by Adams, there is also the case of about six million members (using Adams estimate of OPC membership strength during his pro-Jonathan campaigns) who are obli­gated to obtain the group’s identification cards at N2,500 each.

“From identity cards alone, Gani Adams pockets about N15 billion every year.

“Adams equally diverted N150 million specially set aside by the NCC and meant for building a hotel for the OPC in each South- West state capital. This is besides the N100 million or more, also made by en­couraging unwary members to buy shares in the hotel project. The hotel scheme was conceived in 2007 but has failed to see the light of the day.

“This situation is no lon­ger acceptable to us and the generality of the OPC cadre who have been at the receiving end of Adams misdemeanour. Ours has been for too long, like the proverbial masquerade that farted, it can only bear the nauseating stink until it is dissipated with time.”

Reacting through his Per­sonal Assistant, Prince Ola­lekan Segun Akanni, the OPC boss stated that if the petitioners had their facts, they would meet at the EFCC.

“Those behind the peti­tion are expelled members of the group who are seek­ing relevance by saying the same things for a long time without anything to show for it.

“One of the vocals among them has been try­ing to get the attention of the leader and has even de­manded a certain amount of money for him to ditch his co-rebels,” he said.

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Senator Gbenga Daniel Celebrates Aare Adetola EmmanuelKing at 50

Published

on

Senator Gbenga Daniel Celebrates Aare Adetola EmmanuelKing at 50

The distinguished Senator representing Ogun East Senatorial District and Chairman of the Senate Committee on Navy, His Excellency, Otunba Engr. Gbenga Daniel, has extended warm congratulations to Aare Adetola EmmanuelKing, Chairman/CEO of Adron Group, on the occasion of his 50th birthday.

In a heartfelt message, Senator Daniel praised Aare Adetola EmmanuelKing for his outstanding dedication and immense contributions to the Nigerian housing sector. He described the celebrant as a shining example in the business community, whose passion and commitment have left an indelible mark on the real estate industry across Nigeria.

“You are indeed a source of inspiration to your generation and a shining example within the business environment. There is no doubt that you had written your name in an indelible ink across Nigeria and most especially among the real estate developers,” he wrote.

Senator Daniel also acknowledged Aare Adetola EmmanuelKing’s conferment as the ‘Otun-Asiwaju of Remo Christians’ by the Ogun State branch of the Christian Association of Nigeria (CAN), as a reflection of his God-fearing nature, philanthropic spirit, and commitment to humanity.

The senator offered prayers for good health, greater accomplishments, and many more remarkable years ahead for the business mogul.

He concluded by affirming his highest regards and admiration for the celebrant

Continue Reading

Business

From Loss to Land: CBEX Victim Gifted Plot in Ibeju Lekki by Swedish Follower

Published

on

From Loss to Land: CBEX Victim Gifted Plot in Ibeju Lekki by Swedish Follower

CBEX Crash Sparks Outrage, Tears and Unexpected Kindness: Swedish Fan Gifts Nigerian Investor a Plot of Land

 

The dramatic crash of the CBEX investment platform has triggered a wave of public outrage and heartbreak across Nigeria and beyond, with scores of users lamenting the loss of millions in life savings, business capital, and retirement funds.

The Economic and Financial Crimes Commission (EFCC), along with the Internet Fraud Unit, has reportedly launched a probe into the circumstances surrounding the platform’s sudden collapse. The investigation comes amid mounting pressure from angry investors demanding justice and restitution.

As thousands take to social media to share their personal experiences and financial devastation, one story has stood out—not for its tragedy, but for the unexpected act of generosity that followed.

In a recent Facebook post, Nigerian digital creator Ivan Eagle shared that a Swedish follower, deeply moved by his emotional account of the CBEX fallout—originally reported by Legit.ng—gifted him a full plot of land in Lagos.

“A follower in Sweden just gifted me a FULL plot of land in Lagos after reading my CBEX story on Legit.ng,” Ivan wrote.

He revealed that the property is a 600-square-meter plot in Ibeju Lekki, one of Lagos State’s fastest-growing residential hubs, where land prices under reputable developers like PWAN reportedly start at ₦30 million.

“For those of you who live in Lagos, you all know how Lagos is gradually evolving into Ibeju Lekki, and how residential regions covered by reputable real estate firms in the area have been SOLD OUT,” Ivan added.

A Silver Lining Amid a Financial Storm

The CBEX collapse has left a bitter taste in the mouths of thousands of investors, many of whom believed they were participating in a credible digital asset investment scheme. Online forums and Telegram groups have since been flooded with screenshots of losses, emotional breakdowns, and desperate calls for recovery.

However, Ivan Eagle’s story has become a rare glimmer of hope, showcasing the unexpected humanity that sometimes arises in the aftermath of financial tragedy.

As investigations deepen, questions remain over CBEX’s regulatory compliance, investor protections, and whether its operators will face legal consequences. For now, the EFCC remains silent on the details but has urged victims to submit official complaints through its designated reporting channels.

Continue Reading

Business

Prof Lawan Bala Buratai Appointed Vice Chancellor of Nigerian Army University Biu

Published

on

Prof Lawan Bala Buratai Appointed Vice Chancellor of Nigerian Army University Biu After Rigorous Selection

 

In a significant leadership transition at one of Nigeria’s foremost military-civilian academic institutions, Professor Lawan Bala Buratai has been appointed as the new Vice Chancellor of the Nigerian Army University Biu (NAUB).

Prof Lawan Bala Buratai Appointed Vice Chancellor of Nigerian Army University Biu

The appointment was announced following an intensive and merit-based selection process conducted by the Governing Council of NAUB at the Armed Forces Officers Mess and Suites, Asokoro, Abuja. The Council, under the chairmanship of Dr. Awwal Moriki, concluded its deliberations and formally presented the letter of appointment to Prof Buratai in a brief but momentous ceremony.

 

Dr. Moriki, while congratulating the new helmsman, described the selection as the culmination of a transparent and rigorous process aimed at identifying a visionary academic leader who embodies the university’s core values of excellence, discipline, and innovation.

With this appointment, Prof Buratai succeeds Professor Kyari Mohammed, whose single five-year tenure is widely credited with laying a strong foundation for the university’s academic and structural growth.

 

The Nigerian Army University Biu (NAUB) was established in 2018 as a unique public institution owned by the Nigerian Army and designed to serve both military personnel and civilians. Located in Biu, Borno State, the university was conceived as a strategic response to the security and developmental challenges facing Nigeria and the wider Sahel region.

NAUB is focused on entrepreneurship, innovation, defense studies, and technology-driven research. It offers undergraduate and postgraduate programs in diverse fields ranging from engineering and environmental sciences to social sciences, computing, and military history.

 

What sets NAUB apart is its civil-military partnership model, which aims to foster mutual understanding and collaboration between Nigeria’s armed forces and the general populace. The university plays a key role in developing indigenous solutions to security challenges while also contributing to national capacity building and economic resilience through education.

 

With increasing national and international recognition, NAUB continues to attract scholars and partnerships across Africa and beyond, committed to transforming it into a world-class institution in security and development research.

 

Professor Lawan Buratai, a respected scholar and administrator, is expected to lead the university into its next chapter—deepening academic standards, expanding infrastructure, and strengthening NAUB’s role in national transformation.

His appointment signals a continuity of vision with a renewed focus on excellence, innovation, and service to the nation.

Continue Reading

Cover Of The Week

Trending