General

Alleged N8.5bn Fraud: Witness Explains How Atewe Bought 30,000 Shares from MTN Links

Published

6 years ago

14/03/2020

A prosecution witness, Mr Howard Edafe, in the ongoing N8.5 billion fraud case involving a former Joint Military Task Force Commander, Mr Emmanuel Atewe, on March 12, 2020 told Justice Ayokunle Faji of the Federal High Court sitting in Ikoyi, Lagos how the retired Major-General bought 30,000 units of shares from MTN Links for N170.4 million between 2014 and 2015.

A statement issued by the Media and Publicity Department of the agency said Mr Edafe, who is currently an Internal Auditor with Stanbic IBTC bank, while being led-in-evidence by counsel for the EFCC, Mr Rotimi Oyedepo, testified as the fourth prosecution witness, PW4.

Mr Atewe is standing trial alongside Patrick Akpobolokemi, a former Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Kime Enzogu and Josephine Otuaga on a 22-count charge of conspiracy, stealing and money laundering.

Mr Edafe was quoted in the statement as saying that, “Sometime between 2014 and 2015, Atewe expressed interest in buying 30,000 units of shares from MTN Links through his Stanbic IBTC stockbroker.

“Following the notification, various documents were completed and made available regarding the transaction and Atewe made transfers to his Stanbic IBTC Bank account for the transaction.

“Although Atewe is a client to Stanbic IBTC Asset Management Limited, which is domiciled with Stanbic IBTC bank, Stanbic IBTC Asset Management Limited and Stanbic IBTC Bank are both subsidiaries of Stanbic IBTC Holdings.

“After Mr Atewe showed interest in buying 30,000 units of shares, we valued it and documents were prepared.

“Documents that were prepared for the transaction are: Purchase Order Form, which reflected that a unit was purchased for $27; Share Transfer Form; Utility Bill; Application Form; Means of Identification, which was the client’s international passport; three copies of Confidentiality and non-disclosure agreement.

“Evidence of transfer of money, which was provided by Mr. Atewe; a letter from Atewe authorizing remit of proceeds to Standard Chartered Bank in favour of Mr. Atewe; and a letter informing Stanbic IBTC the intention of Mr Atewe to purchase 30,000 units of shares.”

Mr Edafe also confirmed that the 30,000 units of shares were bought for N170,350,000 and paid for in four tranches; two payments of N40 million and N10.4 million received from Lord Firm Engineering, and N70 million from INP Limited, while N50 million was received from Ocean Gas Limited.

Under cross-examination by the defence, Mr Edafe told the court that he never came across Mr Akpobolokemi’s name during the transaction and that he was not a beneficiary of the transaction.

Earlier in the course of proceedings, the third prosecution witness, Mr Gideon Dachung, a Forensic Analyst and Document Examiner with the EFCC was cross-examined by the defence.

He was shown Exhibit C24, Exhibit G9 and Exhibit G17, and asked if he could establish, by merely looking at the exhibits, that the signatures on them have pictorial resemblance or not.

When the witness compared Exhibit C24 to Exhibit G9 and Exhibit C24 to Exhibit G17, he told the court that the signatures on the documents had a similar pictorial resemblance.

He, however, told the court that the two signatures on Exhibit C24 did not have any pictorial resemblance.

The trial continues on March 25, 2020.

General

DSS Re-Arraigns Malami, Son on Terrorism, Firearms Charges

Published

4 hours ago

15/04/2026

Adedapo Adesanya

By Adedapo Adesanya

The Department of State Services (DSS) on Wednesday re-arraigned former Attorney General of the Federation (AGF), Abubakar Malami (SAN) and his son, Abdulaziz, before a Federal High Court in Abuja on an amended charge bordering on alleged terrorism and unlawful possession of firearms and ammunition.

The counsel to the DSS, Mr Akinlolu Kehinde (SAN), told the court that an amended charge has been filed to replace an earlier one on which they had been arraigned.

Mr Kehinde applied to withdraw the earlier charge and requested that the amended one be read to the defendant for the pleas to be taken afresh.

The counsel to the defendants, Mr Shaibu Aruwa (SAN), confirmed that his clients were served with the amended charge and agreed that the fresh charge be read to the defendants.

Mr Malami and his son are alleged to have, in December 2025, prepared to commit acts of terrorism by having in their possession and without a license, a Sturm Magnum 17 – 0101 firearm, 16 Redstar AAA 5’20 live rounds of cartridges and 27 expended Redstar.

However, Mr Malami and his son both pleaded not guilty, following which the prosecution sought a date for the commencement of the trial.

Mr Aruwa did not object to a date for trial, but prayed the court to allow the defendants to remain on the bail earlier granted them by the court, on the conditions they had met.

With Mr Kehinde not opposing Mr Aruwa’s oral application, Justice Joyce Abdulmalik held that the defendants should continue on the bail earlier granted them on February 27, which conditions they had met.

Justice Abdulmalik adjourned till May 26 and June 15 for trial.

Counts in the amended charge read:

“That you Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State, within the jurisdiction of this Honourable Court, did engage in preparation to commit acts of terrorism by having in your possession and without license, a Sturm Magnum 17 – 0101 firearm, Sixteen (16) Redstar AAA 5’20 live rounds of Cartridges and Twenty-Seven (27) expended Redstar and thereby committed an offence contrary to and punishable under Section 29 of the Terrorism (Prevention and Prohibition) Act, 2022.

“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State, within the jurisdiction of this Honourable Court did conspire amongst yourselves in preparation to commit acts of terrorism by having in your possession and without a license a Sturm Magnum 17 – 0101 firearm, Sixteen (16) Redstar AAA 5’20 live rounds of Cartridges and Twenty-Seven (27) expended Redstar, contrary to Section 26 (1) of the Terrorism (Prevention and Prohibition Act) 2022 and punishable under Section 26 (3) (a) and (b) of the Terrorism (Prevention and Prohibition Act) 2022.

“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State within the jurisdiction of this Honourable Court, without a license, did have in your possession a Sturm Magnum 17 – 0101 firearm and thereby committed an offence contrary to Section 3 of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004 and punishable under Section 27 (1) (a) (i) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004.

“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State within the jurisdiction of this Honourable Court, without a license, did have in your possession Sixteen (16) Redstar AAA 5’20 live rounds of Cartridges and thereby committed an offence contrary to Section 8 (1) (b) (ii) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004 and punishable under Section 27 (1) (a) (i) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004.

“That you, Abubakar Malami, Adult, Male, and Abdulaziz Abubakar Malami, Adult, Male, sometime in December, 2025, at Geeze Phase II Area, Birnin Kebbi LGA, Kebbi State within the jurisdiction of this Honourable Court, without a license, did have in your possession Twenty-Seven (27) expended Redstar AAA 5’20 live rounds of Cartridges and thereby committed an offence contrary to Section 8 (1) (b) (ii) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004 and punishable under Section 27 (1) (a) (i) of the Firearms Act, CAP F28, Laws of the Federation of Nigeria, 2004.”

General

DHQ Denies Deploying Repentant Boko Haram Fighters to Tackle Terrorism

Published

4 hours ago

15/04/2026

Adedapo Adesanya

By Adedapo Adesanya

The Defence Headquarters (DHQ) has dismissed claims circulating on social media that repentant and active Boko Haram members are being armed to fight alongside Nigerian troops under Operation Safe Corridor.

The allegation, made in a viral video by a Danish vlogger identified as Jones Raw, was described by the military as “false, misleading, and entirely unfounded.”

The Coordinator of Operation Safe Corridor, Brigadier General Yusuf Ali, clarified that the facility shown in the video is not one of the programme’s De-radicalisation, Rehabilitation, and Reintegration (DRR) camps.

He explained that the official OPSC facility handling former Boko Haram members is located in Mallam Sidi, Gombe State, and operates as a secure and controlled military environment.

According to him, the location depicted in the video does not match the structural design, layout, or operational setting of the recognised facility.

He further noted that neither the vlogger nor the individuals featured in the footage have ever been granted access to the camp.

The officer stressed that Operation Safe Corridor is a strictly non-kinetic, multi-agency initiative focused on the deradicalisation, rehabilitation, and reintegration of carefully screened individuals.

“At no point are participants armed, mobilised, or deployed for combat operations,” he said, adding that beneficiaries are handed over to state authorities after completing the programme and remain under monitoring frameworks.

He added that the initiative operates with the support of international partners, including the European Union, ensuring adherence to global best practices and transparency.

The DHQ maintained that the programme remains a key component of Nigeria’s counterterrorism strategy, aimed at reducing the number of active fighters and encouraging voluntary disengagement from insurgent groups.

He also invited credible observers to visit the OPSC facility in Mallam Sidi to independently verify its operations, urging the public to disregard the misleading claims, which seek to destabilise the country.

General

10 Reasons to Join the MTN MIP 2026 Webinar April 16

Published

11 hours ago

15/04/2026

Business Post Contributor

If you work in media and have been watching the industry shift around you, faster news cycles, shrinking revenues, AI in the newsroom, the MTN Media Innovation Programme may be exactly the kind of intervention your career needs right now.

Now in its fifth edition and bigger than it has ever been, MIP 2026 is calling for applications. The webinar on April 16 is your best first step.

What Is the MTN Media Innovation Programme?

The MTN Media Innovation Programme (MIP) is a certificate course run by the School of Media and Communication, Pan-Atlantic University, with a focus on the convergence between ICT and the media. It is a fellowship for journalists and media practitioners across the entire spectrum, including social media, designed to help them build capacity at both professional and business levels, delivered over a six-month period.

The programme gives participants skills to create better content, run media businesses, and earn money in a tough industry. It mixes classroom time, international trips, and real-world visits.

This year, the programme crosses a significant milestone. The cohort has been expanded to 25 fellows, up from 20 in previous editions, as a deliberate reflection of MTN Nigeria’s 25-year anniversary.

Tobe Okigbo, Chief Corporate Services and Sustainability Officer at MTN Nigeria, explained the thinking behind it: “The expansion to 25 fellows this year is a deliberate reflection of our 25-year milestone, and a reminder that as the media industry continues to evolve, there is a continued need to invest in the people and ideas that will shape its future.”

MTN is hosting a webinar on April 16 to walk prospective applicants through everything they need to know. Here is why you should be on that call.

You will understand exactly what MIP is built to do. MIP is designed to increase participants’ knowledge and skill base and help them understand the changing media landscape and how to effectively use technology to create impactful media content. The webinar is your clearest path to grasping that mission before you apply.
You will learn how to apply correctly, before it is too late. With less than a week between the webinar and the closing date, attendance gives you just enough time to fix mistakes and strengthen your submission before the April 22 deadline.
You will know for certain whether you qualify. MIP is open to media practitioners and digital content creators across the entire spectrum, including social media. But eligibility has specific requirements. The webinar helps you confirm your fit before you invest time in the application.
You will understand what the selectors are actually looking for. Shortlisted candidates are reviewed independently based on professional merit, potential impact, and their commitment to the evolution of African media. Knowing this helps you position your application more effectively.
You will grasp the full scope of the curriculum. Fellows build skills in three main areas: the telecom industry, media innovation, and writing and reporting. Modules cover media entrepreneurship, ethics, fintech, 5G, financial reporting, and more. The webinar will walk you through what that looks like in practice.
You will learn about the international component. Accepted participants get a seven-day, all-expenses-paid trip to South Africa for special training in Johannesburg, including a day at MTN Nigeria Headquarters and another at MTN Group Headquarters, plus industry visits and tours at an Innovation Hub.
You will hear what past fellows actually experienced. The alumni speak for themselves. Oloye Ayodele Samuel, CEO of Rock FM Jalingo and a past MIP fellow, described it this way: “This fellowship is a transformative experience that has completely shifted my perspective. From Nigeria to South Africa, the training and conversations have ignited a burning desire to push beyond the status quo. It’s a new future reimagined, and it’s coming soon.”
You will see the career value of the alumni network. The programme has built a strong alumni network, with participants occupying key roles across media organisations and contributing to public discourse through impactful storytelling. The webinar will show you what that network looks like and what it can open up for growth.
You will get your questions answered live. A few things sharpen an application like a direct answer to the question you were afraid to ask. A live session removes the guesswork that costs candidates competitive ground.
You will leave with the momentum to apply actually. Content Strategist and MIP 2 fellow Anu Odubanjo put it plainly: “If you are in the media industry, here is a life-changing opportunity you shouldn’t miss. Being selected as one of the 20 fellows for the second cohort of the fully funded media fellowship out of over 2,500 applications was definitely the highlight of 2023 for me. Truly an unforgettable experience and one I will forever cherish.”