General
Massive Corruption in NIGCOMSAT, CEO Abimbola Alale Fingered in Alleged Multi-Billion Naira Fraud
By Aduragbemi Omiyale
The motive behind the extension of service for Mrs Abimbola Alale in 2019 as the Managing Director and Chief Executive Officer of Nigerian Communication Satellite Limited (NIGCOMSAT) for another 4-year term may be gradually unfolding.
As it is now obvious that though she is the only African on the board of Space Generation Advisory Council when it comes to the financial affairs of NIGCOMSAT; a satellite communications service provider wholly owned by the Federal Government of Nigeria and incorporated on April 4, 2006, she does not fly solo.
Disregard for due process at NIGCOMSAT
Investigations revealed that between September and December 2011, Mrs Alale in connivance with the immediate-past managing director of NIGCOMSAT, Engr. Ahmed Rufai, and one Alma Okpalefe Udoyen without a Certificate of No Objection from the Bureau of Public Procurement (BPP) and no approval from the Federal Executive Council (FEC) since the service was a non-consultant service contract, allegedly paid the sum of N5,893,920,000 as an insurance premium for the launch of NigComSat-1R satellite to Fasaha Intercontinental Insurance Brokers Ltd, with an office at Block C3 Amsalco Plaza, No 100 Zoo Road Kano.
Tax payers’ funds siphoned
As the project director for NIGCOMSAT 1R we learned, Mrs Alale also allegedly facilitated payment up to the tune of N3,082,742,400 for non-existent and fictitious insurance policies, amongst which was a N1,475,680,000 payment as premium for an Early Launch Orbit insurance with no certificate issued. China Great Wall Industries Corp. (CGWIC), the satellite manufacturers, however, did not indicate Early Launch Orbit Insurance as part of the insurance cover for the satellite.
Despite the contract document of NIGCOMSAT 1R satellite between Nigerian Communications Satellite Limited (NIGCOMSAT) and China Great Wall Industries Corp. (CGWIC) stating that the transit insurance of the NIGCOMSAT-1R satellite from the factory in Beijing to the launch site at Xichang was the responsibility of CGWIC, another payment of N1,607,062,400 was allegedly made with no insurance policy or certificate to authenticate the transaction.
Obviously running the agency with an open check, the sum of N1,475, 680,000 was subsequently paid for NIGCOMSAT 1R Launch Insurance while the sum of N1,335,497,600 was paid for NIGCOMSAT 1R In-Orbit Insurance valid for two years from 2011 to 2013.
However, on December 21, 2012, while the subsisting in-orbit insurance was still valid, they allegedly paid the sum of N421,885,364.63 to Fasaha Intercontinental Insurance Brokers Ltd for the renewal of the in-orbit insurance policy for December 19, 2012, to December 19, 2013.
Just like other fictitious deals, we gathered that the payment was approved by the in-house tender management board fully aware that the said in-orbit insurance is not renewable as it is traditionally a one-time payment.
While the copy of the insurance policy did not state the premium, no FEC approval or BPP Certificate of No-Objection was obtained for the procurement which remarkably, was not signed by either party, with no insurance certificate from the local and foreign insurers.
Further diggings showed that not only was the act fraudulent, but the amount approved for the project was also above the threshold of the company’s tenders board as set out by BPP in the approved revised threshold for the award of contracts, thus contravenes section 16 (I) (2) of the Public Procurement Act, 2007.
On November 4, 2010, Mr Rufai and Mrs Alale awarded a contract for the supply of phones towards the implementation of the National Public Security Communications System Project (NPSCS). The contract, which was a supply of goods contract, was above the threshold of the in-house management tender board meeting as stated in the BPP guidelines.
The approving authority for this contract should be the FEC while the BPP will issue ‘No Objection Certificate’. But this was not followed.
Action not taken despite recommendations
It was also gathered that a former executive director, Finance and Administration (F&A), Mohammed Lema Tambuwal, had raised several concerns about Mrs Alale’s alleged breach of government financial regulations.
One of such was the total disregard of due process in auctioning the company’s assets including new vehicles in the company’s fleet to herself and her allies.
The executive director recommended that these vehicles be returned to the company and these persons be refunded the paltry sums paid to acquire the new vehicles, but this was never implemented. Instead, this newspaper gathered that the Executive Director was asked to relinquish the finance portfolio.
Other allegations against the NIGCOMSAT boss is that against the federal government’s guidelines, most lucrative contracts were offered exclusively to Content Oasis Ltd owned by the former chairman of the NIGCOMSAT, Turner Isoun’s son, Diseye Isoun and most of the projects were not executed.
Investigations further revealed that nepotism and tribalism are the order of business at NIGCOMSAT. It was gathered that appointments to managerial positions as well as promotions are usually arbitrary and based on Mrs Alale’s interest.
…Watch out for the second series of alleged massive fraud at NIGCOMSAT.
By Modupe Gbadeyanka
The failure of the Independent National Electoral Commission (INEC) to account for about N55.9 billion earmarked for the purchase of some materials for the 2019 general elections has forced the Socio-Economic Rights and Accountability Project (SERAP) to file a lawsuit against the commission.
In the suit number FHC/ABJ/CS/38/2026 filed last Friday at the Federal High Court in Abuja, SERAP asked the court for an order of mandamus to compel INEC to disclose the names of all contractors paid the sum of money.
It was claimed that the N55.9 billion was meant for the purchase of smart card readers, ballot papers, result sheets and other election materials for the 2019 general elections, which produced the late Mr Muhammadu Buhari as President for a second term in office.
SERAP is relying on the latest annual report published by the Auditor-General on September 9, 2025, to ask for the use of the funds, which is said to be missing or diverted.
The organisation argued that the electoral umpire “must operate without corruption if the commission is to ensure free and fair elections in the country and uphold Nigerians’ right to participation.”
“INEC cannot ensure impartial administration of future elections if these allegations are not satisfactorily addressed, perpetrators including the contractors involved are not prosecuted and the proceeds of corruption are not fully recovered,” a part of the statement issued by the group stated.
“INEC cannot properly carry out its constitutional and statutory responsibilities to conduct free and fair elections in the country if it continues to fail to uphold the basic principles of transparency, accountability and the rule of law.
“These allegations also constitute abuse of public office and show the urgent need by INEC to commit to transparency, accountability, clean governance and the rule of law,” it further declared.
By Adedapo Adesanya
The Ministry of Finance has directed all shipping companies and airlines operating in Nigeria to submit their manifests through the Single Window Project (SWP) as part of efforts to strengthen cargo tracking and transparency.
The submission of shipping manifests before the change of policy was handled exclusively by the Nigeria Customs Service (NCS) for onward cargo processing and port clearance.
However, following a memo from late last year signed by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, all shipping firms and airlines were directed to integrate with the National Single Window platform to ensure seamless Manifests submission.
“I would like to bring to your attention that His Excellency, President Bola Ahmed Tinubu inaugurated the National Single Window (NSW) Project on the 16th of April 2024.
The NSW Project aims to streamline and automate import and export processes at Nigeria’s entry & exit ports, with the dual goals of enhancing trade facilitation and increasing government revenue.
“By integrating the operations of multiple government agencies involved in trade processes on one platform, the NSW platform will ensure faster clearance of goods and services, improve operational efficiencies at the imports and significantly reduce bureaucratic bottlenecks.
“Key components of the Single Window as defined by the World Trade Organisation (WTO) and World Customs Organisation (WCO) include: (a) a single-entry point i.e. traders, shipping lines, airlines and other stakeholders should submit all required import and export documentation through a single-entry point on a centralized digital platform, and (b) single submission i.e. all documentation should only be submitted once and data only entered once.
“As a result, the NSW Platform will be the single-entry point of submission for all Sea and Air Manifests. Therefore, all shipping lines and airlines are therefore directed to integrate with the NSW Platform to ensure seamless Manifests submission,” parts of the memo read.
The Comptroller-General of the NCS, the chairman of the Nigerian Revenue Service (NRS), the Managing Director of the Nigerian Ports Authority (NPA), the Managing Director of the Federal Airports Authority of Nigeria (FAAN) and the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) were copied in the memo.
By Aduragbemi Omiyale
The petition written against the immediate past chief executive of the Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, which was withdrawn from the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has now been taken to the Economic and Financial Crimes Commission (EFCC).
The letter was written by the chairman of Dangote Industries Limited (DIL), Mr Aliko Dangote. It contained allegations of allegations of abuse of office and corrupt enrichment against Mr Ahmed.
The petition led to the resignation of the former NMDPRA chief from office last month.
It was gathered that Mr Dangote, through his legal representative, filed a formal corruption petition against him at the headquarters of the EFCC, with specific plea of prosecuting Mr Ahmed if found culpable.
The businessman said the withdrawal of the petition from the ICPC was a strategic move aimed at accelerating the prosecution process.
In the petition signed by his lead counsel Mr O.J. Onoja (SAN), Mr Dangote noted that, “We make bold to state that the commission is strategically positioned along with sister agencies to prosecute financial crimes and corruption related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624)337.”
He further urged the anti-money laundering agency, under the leadership of Mr Olanipekun Olukoyede, “…to investigate the complaint of Abuse of Office and Corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting.”
“The commission’s firm resolve in handling this matter with dispatch is not only imperative and expedient but will also serve as a deterrent to other public officers out there with such corrupt proneness and tendencies,” he added.
Recall that on December 14, 2025, Mr Dangote raised concerns about Mr. Ahmed’s financial dealings, alleging that the former regulator is living far beyond his legitimate means.
According to him, four of Mr Ahmed’s children attended elite secondary schools in Switzerland, incurring costs running into several millions of dollars—an expenditure that raises questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum industry.
Mr Dangote listed the schools attended by Mr. Ahmed’s children: Faisal Farouk (Montreux School), Farouk Jr. (Aiglon College), Ashraf Farouk (Institut Le Rosey), and Farhana Farouk (La Garenne International School), noting that each child spent six years in these institutions. He estimated annual tuition, travel, and upkeep per child at $200,000, totaling approximately $5 million for their secondary education.
Additionally, he alleged that Mr Ahmed spent another $2 million on tertiary education for the four children, including $210,000 for Faisal’s 2025 Harvard MBA program.
“Nigerians deserve to know the source of these funds, especially when many parents in Mr Ahmed’s home state of Sokoto struggle to pay as little as N10,000 in school fees,” Mr Dangote stated.
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