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.
General
NISO Attributes Electricity Woes to Inadequate Gas Supply
By Adedapo Adesanya
The Nigerian Independent System Operator (NISO) has attributed the poor power supply facing a considerable number of Nigerians to inadequate gas supply to thermal power plants.
Business Post reports that epileptic power supply has plagued consumers in Lagos, Oyo, Abuja, and Osun, among others, this month, leading to worries. Also, some businesses have recorded losses due to the epileptic power supply in their areas.
In a statement posted on its X handle, NISO disclosed that average available generation on the national grid currently stands at about 4,300 megawatts (MW), with the low output primarily attributed to gas supply constraints.
The system operator noted that thermal power plants, which account for the dominant share of Nigeria’s electricity generation mix, require an estimated 1,629.75 million standard cubic feet (MMSCF) of gas per day to operate at optimal capacity. However, as of February 23, 2026, actual gas supply to the plants was approximately 692.00 MMSCF per day.
The available supply represents less than 43 per cent of the daily gas requirement, resulting in constrained generation output and reduced electricity allocation to Distribution Companies (DisCos).
NISO, which independently manages the nation’s electricity grid, explained that any disruption or limitation in gas supply directly affects available generation capacity and overall grid output, given the heavy reliance on thermal plants.
It added that when total system generation drops significantly, the operator is compelled to implement load shedding across the network while dispatching available energy in line with allocation percentages approved under the Multi-Year Tariff Order (MYTO) framework of the Nigerian Electricity Regulatory Commission (NERC), to maintain grid stability and prevent system disturbances.
While expressing regret over the inconvenience to electricity consumers and market participants, NISO said it is working closely with relevant stakeholders to restore full energy allocation once gas supply improves and generation capacity returns to normal levels.
General
EFCC Re-Arraigns ex-AGF Malami, Wife, Son Over Alleged Money Laundering
By Adedapo Adesanya
The Economic and Financial Crimes Commission (EFCC) has re-arraigned former Attorney-General of the Federation (AGF), Mr Abubakar Malami (SAN), his wife, Mrs Asabe Bashir, and son, Mr Abdulaziz Malami, on money laundering charges.
They were brought before Justice Joyce Abdulmalik of the Federal High Court in Abuja, following the re-assignment of the case to the new trial judge.
Upon resumed hearing, EFCC’s lawyer, Mr Jibrin Okutepa (SAN), informed the court that the matter was scheduled for defendants’ re-arraignment.
“The matter is coming before your lordship this morning for the very first time. I will be applying for the plea of the defendants to be taken,” he said.
Mr Okutepa equally applied that the sums listed in Counts 11 and 12 be corrected to read N325 million instead of N325 billion for Count 11, and N120 million instead of N120 billion for Count 12.
When it was not opposed by the defence lawyer, Mr Joseph Daudu (SAN), Justice Abdulmalik granted the oral application by Mr Okutepa.
The defendants, however, pleaded not guilty to the 16 counts preferred against them by the anti-graft agency bordering on money laundering.
Justice Obiora Egwuatu had, on February 12, withdrawn from the case shortly after the civil case filed by the EFCC was brought to him.
The case was formerly before Justice Emeka Nwite, who sat as a vacation judge during the Christmas/New Year break.
After the vacation period, the CJ reassigned the cases to Justice Egwuatu, who had now recused himself, before it was reassigned to Justice Abdulmalik.
The former AGF, his wife, and son were earlier arraigned before Justice Nwite on December 30, 2025.
While Malami and his son were remanded at Kuje Correctional Centre, Asabe was remanded at Suleja Correctional Centre before they were admitted to N500 million bail each, on January 7, with two sureties each in the like sum.
General
INEC Shifts 2027 Presidential, N’Assembly Elections to January 16
By Adedapo Adesanya
Nigeria will hold next year’s presidential and National Assembly elections a month earlier than planned, after the Independent National Electoral Commission (INEC) revised the polling schedule.
The elections will be held on January 16, instead of the previously announced date of February 20, INEC said in an X post, signed by Mr Mohammed Kudu Haruna, National Commissioner and Chairman, Information and Voter Education Committee.
There were also changes to the Governorship and State Houses of Assembly elections initially fixed for Saturday, March 6 2027, in line with the Electoral Act, 2022, have now been moved to Saturday, February 6, 2027.
The electoral commission said the changes were caused by the enactment of the Electoral Act, 2026 and the repeal of the Electoral Act, 2022, which introduced adjustments to statutory timelines governing pre-election and electoral activities.
“The Commission reviewed and realigned the schedule to ensure compliance with the new legal framework,” it said.
INEC said party primaries (including resolution of disputes) will commence on April 23, 2026 and end on May 30, 2026, after which Presidential and National Assembly campaigns will begin on August 19, 2026, while Governorship and State Houses of Assembly campaigns will begin on September 9, 2026.
It noted that campaigns will end 24 hours before Election Day, and political parties have been advised to strictly adhere to the timelines.
INEC also stated it will enforce compliance with the law.
The electoral body also rescheduled the Osun Governorship election which was earlier scheduled for Saturday, August 8 2026, by a week to Saturday, August 15, 2026.
INEC noted that some activities regarding the Ekiti and Osun governorship elections have already been conducted, and the remaining activities will be implemented in accordance with the Electoral Act, 2026.
Speaking at a news briefing in Abuja two weeks ago, the chairman of INEC, Mr Joash Amupitan, expressed the readiness of the commission to conduct the polls next year.
The timetable issued by the organisation for the polls at the time came when the federal parliament had yet to transmit the amended electoral bill to President Bola Tinubu for assent.
Later that week, the Senate passed the electoral bill, reducing the notice of elections from 360 days to 180 days, while the transmission of results was mandated with a proviso.
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