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Massive Corruption in NIGCOMSAT, CEO Abimbola Alale Fingered in Alleged Multi-Billion Naira Fraud

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NIGCOMSAT CEO Abimbola Alale

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.

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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Nasarawa Orders Immediate Shutdown of Mining Activities in Endo Community

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Lideal Mining Company

By Adedapo Adesanya

The Nasarawa State government has ordered the immediate suspension of mining activities at Endo community in Udege, directing Lideal Mining Company to stop operations and vacate the site without delay.

The government also ordered an immediate halt to the movement of raw minerals from the location, tightening restrictions around the disputed mining area.

The latest intervention by the state government signals a tougher stance on mining operations considered capable of threatening public order or operating outside established procedures.

Announcing the decision in Lafia, the state capital, the Commissioner for Environment and Natural Resources, Mrs Margaret Elayo, said the action followed a series of consultations, stakeholder engagements and security assessments linked to activities within the affected mining cadastral unit.

She said the directive was issued in the public interest as part of efforts to maintain order, protect host communities and strengthen regulatory compliance in the state’s mining sector.

According to the commissioner, the company has been instructed to begin the immediate withdrawal of its mining equipment, heavy machinery, trucks, operational facilities and personnel from the site.

Mrs Elayo said the move aligns with the administration of Governor Abdullahi Sule, which has repeatedly pledged to enforce lawful mining practices, preserve peace in mining communities and build investor confidence through transparent regulatory processes.

She stressed that the government’s decision forms part of a broader plan to reposition the mining sector and ensure that mineral development does not undermine security, environmental standards or community stability.

To enforce compliance, the state government has directed the deployment of security personnel to the affected mining site to prevent unauthorised activities and ensure full adherence to the suspension order.

Nasarawa remains one of Nigeria’s key solid minerals states, attracting growing interest from mining investors because it contains lithium, tin, columbite and other strategic minerals.

However, increased mining activity has also heightened concerns around regulation, community disputes, environmental protection and security management.

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EFCC Arrests Convicted Ex-Power Minister Saleh Mamman

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EFCC Arrest Saleh Mamman

By Modupe Gbadeyanka

The recently-convicted former Minister of Power, Mr Saleh Mamman, has been arrested by the Economic and Financial Crimes Commission (EFCC).

Chairman of the EFCC, Mr Ola Olukoyede, during a press briefing in Abuja on Tuesday, said the former senior government official was apprehended this afternoon along with two others accused of shielding him.

Earlier this month, Justice James Omotosho of the Federal High Court in Abuja convicted Mr Mamman for N33.8 billion fraud after he was found guilty of a 12-count charge brought against him by the EFCC. He was sentenced to 75 years in prison, though he was not present in court on the day of his sentencing.

Speaking with journalists today, Mr Olukoyede said the convict was arrested at 3:30 am on Tuesday in a house in Kano, where he was allegedly being protected.

“Ladies and gentlemen, you will recall that sometime in January 2025, we filed charges against the ex-minister of power for allegedly converting over N33 billion – money that was set aside for the Mambilla and Zungeru power projects,” Olukoyede said during a press briefing.

“About 14 to 15 months down the line, specifically on the 7th of this month, we secured convictions on all 12 counts. Because the defendant was not present, the issue of sentencing was shifted. And on the 13th of this month, he was sentenced in absentia.

“Since then, we decided to open our intelligence surveillance to the public, looking for him all over the place. I am happy to announce to Nigerians that at about 3:30 a.m. this morning, we arrested Mr Saleh Mamman somewhere in Kano. We have discovered that he was actually being protected all this while,” he said.

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UK Backs Pan-African Founder Support Programme at London Tech Week

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UK Pan-African Founder Programme

By Adedapo Adesanya

The United Kingdom is deepening efforts to position itself as a preferred global expansion hub for African startups with the launch of the UK–Africa Ecosystem Week, a coordinated support programme to be delivered during London Tech Week.

Powered by the UK–Africa Sandbox and Ventures 54 in partnership with the UK Department for Business and Trade (DBT), the initiative is expected to provide African founders with structured support to navigate business, investment and networking opportunities in the UK market.

The programme is also backed by the UK Nigeria Tech Hub, the UK South Africa Tech Hub, London & Partners and the Mayor of London’s office, signalling growing institutional support for stronger commercial and technology ties between the UK and African innovation ecosystems.

According to the organisers, the initiative introduces a more coordinated approach to participation at London Tech Week, one of the world’s largest annual technology gatherings, which attracts over 100,000 participants across more than 500 events yearly.

Founders participating in the programme will gain access to curated sessions, concierge-style support services, dedicated workspaces, investor engagement opportunities and market entry guidance tailored to African technology companies seeking expansion into the UK.

A flagship UK–Africa Ecosystem Day will also bring together investors, policymakers, ecosystem builders and founders to discuss commercial expansion opportunities and partnerships between both regions.

Founder of Ventures 54 and UK-Africa Sandbox, Mr Anthony William Catt, said the initiative was developed in response to the increasing number of African startups travelling to London Tech Week over the last few years.

He explained that what started as informal networking gatherings under the London Africa Network had evolved into structured programming and has now scaled into a full week of activities aimed at helping founders maximise opportunities available within the UK ecosystem.

“This is about putting the right structure in place, so African founders have a dedicated support track to get the most out of the week and access the best of what the UK has to offer,” he said.

Speaking on the initiative, Acting His Majesty’s Trade Commissioner for Africa, Mr Ben Ainsley, described the UK as a natural destination for ambitious African startups due to its large technology ecosystem, deep venture capital market and access to global talent.

“The UK Government is committed to supporting high-growth international companies succeed in the UK and initiatives like the UK–Africa Sandbox demonstrate our focus on making it easier for African founders to access support and fully engage with the UK’s world-class innovation ecosystem.”

The programme is expected to attract delegations and founders from countries including Nigeria, South Africa, Kenya, Egypt, Algeria and Ghana.

Organisers added that the initiative would extend beyond London Tech Week through the broader UK–Africa Sandbox platform, which aims to support African founders entering the UK market while also creating pathways for UK startups seeking expansion opportunities across Africa.

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