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Sterling Bank In N1.8bn Financial Mess

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In a matter at the Lagos high court, two persons alleged to be fraudsters have been accused of obtaining the sum of N1.8 billion from Sterling Bank Plc by false pretence.

The two accused persons identified as Messrs Ogbor Kehinde Eliot and Kelvin Ejere Chris were arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice O.A. Taiwo of the Special Offences Court sitting in Ikeja, Lagos.

They were taken to court on a five-count charge bordering on conspiracy, forgery and obtaining by false pretence.

The defendants, who were charged alongside a company, Danium Energy Services Limited, were alleged to have fraudulently deceived Sterling Bank Plc into lending them money through a fraudulent scheme with the pretence to finance local purchase of Automotive Gas Oil (AGO), otherwise known as diesel, for supply to Total Nigeria Limited.

The first defendant, Eliot, an alleged serial fraudster, allegedly used his company, Danium Energy Services Limited, to obtain the facility from the bank and was said to have defaulted in repayment, which was expected from the proceeds of sales of the petroleum products by Sterling Bank.

One of the counts reads: “That you, Ogbor Kehinde Eliot, Kelvin Ejere Chris and Danium Energy Services Ltd., sometime in February, 2016 in Lagos within the Lagos Judicial Division, with intent to defraud, conspired amongst yourselves to obtain the sum of N1.821 billion by false pretence from Sterling Bank Plc.”

Another count reads: ”That you, Ogbor Kehinde Eliot, Kelvin Ejere Chris and Danium Energy Services Ltd, on or about 23rd of February, 2016 in Lagos , within the jurisdiction of this Honourable Court, with intent to defraud, induced Sterling Bank Plc to deliver to Danium Energy Services Ltd the total sum of N1.821 billion under the false pretence that Total Nigeria Plc vide Purchase Orders (PO) with Reference No.

OPS/SUP/02/16/330 and OPS/SUP/02/331 dated 3rd of February, 2016 contracted Danium Energy Services Ltd to supply 20,000 metric tons of Automotive Gas Oil (AGO) in two tranches of 10,000 metric tons each valued at the aggregate sum of N2.328 billion and you thereby committed an offence contrary to Section 1(b) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.”

However, both defendants pleaded not guilty to the charge when it was read to them. In view of their pleas, the prosecution counsel, Idris Mohammad, asked the court for a trial date.
However, counsel to the first and third defendants, Ladi Williams (SAN), as well as counsel for the second defendant, Dennis Omorojo, informed the court of applications for bail on behalf of their clients.

After listening to both parties, Justice Oluwatoyin Taiwo asked the prosecution counsel why he did not oppose the bail applications.

In his response, Mohammad told the court that he intentionally did not oppose the applications so as to allow the first defendant to attend his trials in other courts.

Justice Taiwo then stood the matter down for ruling on the bail applications.
In her ruling a few hours after, Justice Taiwo granted the defendants bail in the sum of N10 million each with two sureties each in like sum, adding that the sureties must be civil servant on Grade level 16. She said they must provide known addresses, which must be verified by the court.

The sureties are also expected to also deposit with the court registrar their Permanent Voters Cards, National Identity Card or International Passports.
The Judge ordered the defendants to be remanded in the EFCC custody pending the perfection of their bail conditions.

However, the prosecution counsel prayed the court not to remand the defendants in the EFCC custody, stating that the EFCC custody was congested and, therefore, would not be able to accommodate them.

 

 

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USOSA Mobilises Nationwide Resistance Against Asset Sale, Holds Major Awareness Walk in Lagos, Abuja, Kano

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A powerful wave of resistance is building across Nigeria’s elite alumni network as the Unity Schools Old Students Association (USOSA) prepares for a coordinated nationwide awareness walk aimed at safeguarding the legacy and assets of Federal Unity Colleges.

Scheduled for Saturday, May 9, 2026, the high-impact rally will simultaneously hold in Lagos, Abuja, and Kano, drawing participation from thousands of old students under the unifying banner: “Pro Unitate – Better Together.”

Insiders within the association reveal that the rally is not just symbolic but a strategic response to growing concerns over alleged plans to commercialise or dispose of critical assets belonging to Unity Schools, a move many alumni describe as “short-sighted and dangerous.”

According to organisers, the objective is clear: to send a strong, unmistakable message to policymakers and stakeholders that the heritage of Unity Schools must be preserved, not monetised.

“This is about legacy, identity, and national cohesion,” a senior USOSA member told TheCityPulseNews under anonymity. “Unity Schools were built to foster national integration. Selling their lands or assets undermines that very foundation.”

The campaign has already gained traction online, with members urged to amplify visibility through branded display pictures and coordinated messaging ahead of the event. The mobilisation strategy reflects a well-structured advocacy push designed to capture both public attention and institutional response.

Observers note that this could mark a turning point in how alumni bodies across Nigeria engage with government policies affecting legacy institutions. USOSA’s move signals a shift from passive concern to active civic engagement , a model that could inspire similar interventions nationwide.

Security and logistics arrangements are reportedly being finalised across the three cities, with local coordinators ensuring peaceful and orderly participation.

As May 9 approaches, one thing is certain, USOSA is not merely organizing a walk, it is staging a statement and the message is unequivocal – Unity Schools are a national treasure, not a commercial asset.

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BREAKING: SGF George Akume, Other APC Chieftains Back ATM’s Ondo North Senate Bid

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Chief Abdul Tunji Mohammed (ATM), APC frontrunner for Ondo North Senatorial District, has secured the blessings of the Secretary to the Government of the Federation, Senator George Akume, and other party chieftains as his 2027 bid gains ground.

ATM met with the SGF and top APC leaders in Abuja, where he presented his agenda for Ondo North and sought their counsel. The meeting was described as cordial and strategic.

Senator Akume hailed ATM’s vision and readiness for national service. “The Senate needs men of capacity who understand governance. You have my support. Go and deliver for your people,” the SGF stated.

Responding, ATM said the backing of Senator Akume and other party chieftains was “a major boost.” He added: “Their encouragement strengthens our resolve to give Ondo North a strong, connected voice in the Senate.”

The consultation follows ATM’s purchase of the APC nomination form and earlier endorsements from former Deputy Governor Ali Olanusi, first-class monarchs, and youth groups in Ondo North.

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Sofela Salutes Workers, Calls Them Pillars of Ogun Central’s Progress

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Solanke Ayomideji Taiwo

The Senatorial Aspirant for Ogun Central under the All Progressives Congress (APC), Emmanuel Adebola Sofela, has extended warm felicitations to workers across the district in celebration of the 2026 International Workers’ Day.

In a goodwill message released to mark the global event, Sofela praised the resilience, diligence, and unwavering commitment of workers in Abeokuta South, Abeokuta North, Odeda, Obafemi-Owode, Ifo, and Ewekoro Local Government Areas, noting that their contributions remain central to the growth and development of Ogun Central and Nigeria at large.

Describing workers as the “engine room of progress,” Sofela acknowledged the sacrifices made daily by individuals in both the public and private sectors. He emphasized that from civil servants and entrepreneurs to artisans, traders, and professionals, every category of worker plays a vital role in sustaining the economy and strengthening the social fabric of the region.

“On this special occasion of International Workers’ Day, I celebrate the hardworking men and women across Ogun Central whose dedication and commitment continue to drive our collective progress,” the statement read. “Your efforts, whether seen or unseen, form the foundation upon which our communities thrive.”

Sofela highlighted the importance of recognizing and rewarding hard work, stressing that workers deserve not only commendation but also improved welfare, fair opportunities, and an enabling environment to maximize their potential. He called for renewed focus on policies that prioritize job creation, economic empowerment, and sustainable development.

The senatorial hopeful also paid special tribute to workers in essential services, including healthcare personnel, security operatives, teachers, and sanitation workers, who he said consistently demonstrate exceptional courage and responsibility, often under challenging conditions.

“You remain the backbone of our society, standing firm in service even in difficult times. Your dedication inspires hope and strengthens our resolve to build a better future,” he added.

Reaffirming his commitment to the people of Ogun Central, Sofela assured that his aspiration is driven by a desire to advocate for workers’ rights, promote inclusive growth, and support initiatives that will enhance productivity and improve living standards across the district.

As Workers’ Day is celebrated worldwide, his message resonates as both a tribute and a call to action—recognizing the invaluable role of workers while emphasizing the need for sustained efforts to uplift and empower them.

Across Ogun Central, the celebration served as a reminder that behind every achievement lies the dedication of hardworking individuals whose contributions continue to shape the present and secure the future.

Happy International Workers’ Day.

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