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Police: Ayeni’s Allegations against Okunbo Malicious, Baseless, False

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Group Condemns PDP Chairman, Ayu’s Closeness to Atiku’s associate, Tunde Ayeni, and His Mistress

Police: Ayeni’s Allegations against Okunbo Malicious, Baseless, False

 

 

 

Following allegations of corruption and manipulation against billionaire businessman, Captain Idahosa Okunbo by a former Chairman of Skye Bank Plc., Mr. Tunde Ayeni, the Nigeria Police Force, which investigated the matter, have released their report, where they described the allegations as malicious, baseless and false.

This is as allegations of blackmail against the police and an attempt to influence the report have continued to trail Ayeni, as the police report, being the latest twist to the matter, has vindicated the retired commercial pilot.

That notwithstanding, Okunbo too has written, both to the Attorney General of the Federation and Minister of Justice, Abubakar Malami and the Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, intimating them of the development and the need to authenticate the report by acting on it.

According to the report, which generated from the office of the Inspector General of Police, Mohammed Adamu, “Upon the receipt of the petition and in compliance with the directive of the Inspector General of Police that, the matter under reference should be investigated, on the 7th January 2021, the suspect (Captain Idahosa Wells-Okunbo) volunteered a statement under word of caution and denied all the allegations levelled against him and presented all the documentary evidence to support his claims and transactions that took place between him (Captain Idahosa Wells-Okunbo) and the complainant (Dr Tunde Ayeni).

“All the documents submitted by the suspect (Captain Idahosa Wells-Okunbo) were perused, scrutinised and forensically investigated and were found to be genuine and they were all endorsed by the parties (Dr Tunde Ayeni and Captain Idahosa Wells-Okunbo) to the transactions.”

According to the report, the police stated that during the investigations, all the requisite documents were copied and distributed by the parties to all stakeholders and relevant agencies, and thereafter invited Ayeni for his statements.

In their findings, the Police said they established that both men had been friends since 2003, which led to a lot of business relationships, one of which was Ocean Marine Security Limited, which later rebranded as Ocean Marine Solutions Limited.

Tracing the ownership structure of the company, the report noted, “That Ocean Marine Solutions Limited, then, has the following shareholders, Captain Idahosa Wells-Okunbo – 46%; Dr Tunde Ayeni – 35%; Garth Dooley – 14%; Admiral Augustus Aikhomu originally has 5%, which was subsequently re-acquired by Captain Idahosa Wells-Okunbo and Dr Tunde Ayeni, who also became chairman and vice-chairman respectively.

“That the complainant, Dr Tunde Ayeni, voluntarily and legally transferred his shares and that of his wife from Ocean Marine Solutions Limited (OMS) and its subsidiaries to Capt Idahosa Wells-Okunbo in consideration of the total sum of N2billion, which the complainant (Dr Tunde Ayeni) acknowledged receipt of same and resigned his membership from the board of Ocean Marine Solutions Limited (OMS) and its subsidiaries.”

The report, therefore, concluded thus: “That the allegations of stealing and criminal diversion of company funds as alleged by the complainant, Dr Tunde Ayeni against the suspect, Captain Idahosa Wells-Okunbo could not be established as there was documentary evidence provided by the suspect – Captain Idahosa Wells-Okunbo, which clearly shows that Captain Idahosa Okunbo, has lawfully acquired Dr Tunde Ayeni’s interest in Ocean Marine Solutions Limited (OMS) for a valuable consideration of N2, 000, 000, 000 (Two Billion Naira only).

“So, also, the allegation of criminal diversion of company funds is baseless, malicious and false as it hasn’t been proven by the complainant.”

The report has since been forwarded to the EFCC and the Attorney General of the Federation and Minister of Justice, thus, foreclosing Ayeni’s false allegations against Okunbo and his attempt to return to the company through other means possible.

Meanwhile, sources within the police have alleged blackmail and attempt to influence the report by Ayeni, saying sources within his camp have threatened to go on a media onslaught in the bid to change the situation in his favour.

“A close associate, who takes side with true position hinted me of a damaging allegation in the making. The intention is to blackmail the police over the report and further accuse Captain Hosa of influencing the process. Please, note that figures will be alleged,” the police source hinted.

However, in his separate letters to the AGF and the EFCC, Okunbo through his lawyer, Augustine Alegeh of Alegeh and Co., expressed the appreciation of his client to Malami for intervening when Ayeni attempted to duplicate the investigation by sending same petition to the police and the EFCC.

“We respectfully request the Honourable Attorney General and Minister of Justice to notify the Chairman of the Economic and Financial Crimes Commission of the outcome of the investigation by the officers of the Inspector General of police so that the matter can be put to rest an d treated as closed,” the letter stated.

In yet another letter to the EFCC chairman, Okunbo’s lawyers, while reiterating the content of the letter they sent to Malami, also emphasised to Bawa: “We trust you will now treat the matter as closed.”

Incidentally, the IG’s investigation report appears to have confirmed and validated the EFCC report of 2019, which also stated that Ayeni had actually sold his shares in OMSL.

According to the EFCC report with reference number EFCC/EC/GC/31/2538, dated June 25, 2019 and signed by the Director of Operations, Mohammed Umar Abba, “…Investigation was extended to Corporate Affairs Commission, where it was discovered that Dr. Ayeni had on the 8th August, 2018, actually sold his 35 million ordinary shares in Ocean Marine Solutions Limited and 37.2 million ordinary shares in PPP Fluid Mechanics Limited to Wells Property Development Company Limited, a subsidiary of Ocean Marine Solutions Limited.

“Investigations carried out so far revealed that Dr. Ayeni is no longer a director and shareholder of Ocean Marine Solutions Limited and PPP Fluid Mechanics Limited as he has since sold his entire shares and resigned his appointment as director and shareholder of the companies.

“Consequent upon the following, the Commission’s investigation so far did not indict the Chairman of Ocean Marine Solutions and its subsidiary companies, Capt. Idahosa Wells Okunbo on the alleged diversion of 29.5 billion naira from the defunct Skye bank Plc., by Dr. Tunde Ayeni.”

Curiously, some weeks back, Ayeni, despite the EFCC report, petitioned the EFCC again through his lawyer, Femi Falana, SAN, and alleged that he sold his shares at the OMS under duress while also accusing Okunbo of stealing and criminally diverting company funds.

But, three months after the petition became public, investigations carried out by the Inspector General of Police Monitoring Unit, have absolved Okunbo of any wrongdoing.

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NCAT Delegation Tours Gusau International Airport, Commends Governor Lawal, Eyes Strategic Partnership for Aviation Training

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NCAT Delegation Tours Gusau International Airport, Commends Governor Lawal, Eyes Strategic Partnership for Aviation Training

 

In a move signaling a major push for inter-agency cooperation within Nigeria’s aviation sector, a high-level delegation from the Nigerian College of Aviation Technology (NCAT), Zaria, has undertaken an official working visit to Gusau International Airport currently under construction by the administration of Governor Dauda Lawal. The visit, aimed at a comprehensive assessment of the facility’s infrastructure and operational capabilities, is seen as a foundational step toward forging a strategic partnership to bolster aviation training and safety standards across the region.

The NCAT team, led by Nasir Muhammad Bungura, conducted an extensive tour of the airport premises. They were received and accompanied by the Permanent Secretary of the Zamfara State Ministry of Works and Infrastructure, Engr. Haruna Dikko Gusau, underscoring the state government’s keen interest in maximizing the airport’s potential.

During the meticulous inspection, the delegation evaluated the airport’s runway, terminal buildings, navigational aids, and safety apparatus. Following the tour, Mr. Bungura commended Governor Lawal for a job well done as he expressed profound satisfaction with the state of the facility, describing the infrastructure, operational protocols, and visible ongoing upgrade projects as both encouraging and highly promising.

“The standards we have observed here today are commendable and align strongly with international best practices,” Bungura stated. “Gusau International Airport possesses a robust foundation. Our visit was to assess how this facility can serve as a practical hub for our training programs, offering our students real-world exposure to a modern, functioning airport environment.”

The delegation highlighted the airport’s latent potential to serve as a critical node for specialized aviation training, particularly in areas of safety operations, air traffic control simulations, and aircraft handling. Such collaboration, they noted, would not only enhance the practical skills of NCAT cadets but also contribute to elevating the overall safety and efficiency metrics of Nigeria’s air transport system.

Engr. Haruna Dikko Gusau welcomed the NCAT delegation’s interest, reiterating the Zamfara State government under Governor Dauda Lawal is committed to developing the airport as a catalyst for economic growth and regional integration. “This visit is a testament to the growing strategic importance of Gusau International Airport,” Engr. Gusau remarked. “We are not just building infrastructure; we are creating a hub for opportunity. Partnering with a prestigious institution like NCAT will ensure this facility contributes meaningfully to human capital development and the advancement of Nigeria’s aviation industry.”

The visit marks a significant milestone for Gusau International Airport, transitioning its role from a regional transit point to a potential center of excellence for aviation education and a key partner in national aviation development. Both parties are expected to hold further discussions to formalize areas of collaboration, which could pave the way for NCAT to utilize the airport for specialized training exercises and curriculum development in the near future.

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Ramadan: Adron Homes Felicitates Muslims, Preaches Hope and Unity

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Ramadan: Adron Homes Felicitates Muslims, Preaches Hope and Unity

Adron Homes & Properties Limited has congratulated Muslim faithful on the commencement of the holy month of Ramadan, urging Nigerians to embrace the virtues of sacrifice, discipline, and compassion that define the season.

In a statement made available to journalists, the company described Ramadan as a period of deep reflection, spiritual renewal, and strengthened devotion to faith and humanity.

According to the management, the holy month represents values that align with the organisation’s commitment to integrity, resilience, and community development.

“Ramadan is a time that teaches patience, generosity, and selflessness. As our Muslim customers and partners begin the fast, we pray that their sacrifices are accepted and that the season brings peace, joy, and renewed hope to their homes and the nation at large,” the statement read.

The firm reaffirmed its dedication to providing affordable and accessible housing solutions to Nigerians, noting that building homes goes beyond structures to creating environments where families can thrive.

Adron Homes further urged citizens to use the period to pray for national unity, economic stability, and sustainable growth.

It wished all Muslim faithful a spiritually fulfilling Ramadan.

Ramadan Mubarak.

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Underfunding National Security: Envelope Budgeting Fails Nigeria’s Defence By George Omagbemi Sylvester

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Underfunding National Security: Envelope Budgeting Fails Nigeria’s Defence

By George Omagbemi Sylvester | Published by saharaweeklyng.com

“Fiscal Rigidity in a Time of Crisis: Lawmakers Say Fixed Budget Ceilings Are Crippling Nigeria’s Fight Against Insurgency, Banditry, and Organized Crime.”

Nigeria’s legislature has issued a stark warning: the envelope budgeting system; a fiscal model that caps spending for ministries, departments, and agencies (MDAs) is inadequate to meet the country’s escalating security challenges. Lawmakers and budget analysts argue that rigid fiscal ceilings are undermining the nation’s ability to confront insurgency, banditry, kidnapping, separatist violence, oil theft and maritime insecurity.

The warning emerged during the 2026 budget defence session for the Office of the National Security Adviser (ONSA) at the National Assembly in Abuja. Senator Yahaya Abdullahi (APC‑Kebbi North), chairman of the Senate Committee on National Security and Intelligence, decried the envelope system, noting that security agencies “have been subject to the vagaries of the envelope system rather than to genuine needs and requirements.” The committee highlighted non-release or partial release of capital funds from previous budgets, which has hindered procurement, intelligence and operational capacity.

Nigeria faces a multi‑front security crisis: persistent insurgency in the North‑East, banditry and kidnappings across the North‑West and North‑Central, separatist tensions in the South‑East, and piracy affecting Niger Delta oil production. Despite declarations of a national security emergency by President Bola Tinubu, lawmakers point to a “disconnect” between rhetoric and the actual fiscal support for agencies tasked with enforcement.

Experts warn that security operations demand flexibility and rapid resource allocation. Dr. Amina Bello, a public finance specialist, said: “A static budget in a dynamic threat environment is like sending firefighters with water jugs to a forest fire. You need flexibility, not fixed ceilings, to adapt to unforeseen developments.”

The Permanent Secretary of Special Services at ONSA, Mohammed Sanusi, detailed operational consequences: irregular overhead releases, unfulfilled capital appropriations, and constrained foreign service funds. These fiscal constraints have weakened intelligence and covert units, hampering surveillance, cyber‑security, counter‑terrorism and intelligence sharing.

Delayed capital releases have stalled critical projects, including infrastructure upgrades and surveillance systems. Professor Kolawole Adeyemi, a governance expert, emphasized that “budgeting for security must allow for rapid reallocation in response to threats that move faster than political cycles. Envelope budgeting lacks this essential flexibility.”

While the National Assembly advocates fiscal discipline, lawmakers stress that security funding requires strategic responsiveness. Speaker Abbas Ibrahim underscored that security deserves “prominent and sustained attention” in the 2026 budget, balancing oversight with operational needs.

In response, the Senate committee plans to pursue reforms, including collaboration with the executive to restructure funding, explore supplementary budgets and ensure predictable and sufficient resources for security agencies. Experts warn that without reform, criminal networks will exploit these gaps, eroding public trust.

As one policy analyst summarized: “A nation declares a security emergency; but if its budget does not follow with real resources and oversight, the emergency remains rhetorical.” Nigeria’s debate over envelope budgeting is more than an accounting dispute; it is a contest over the nation’s security priorities and its commitment to safeguarding citizens.

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