News
Osinbajo’s firm linked to company fingered in alleged N100bn Alpha Beta scam


A company in which Vice-President Yemi Osinbajo has a stake, Simmons Coopers Partners, has been linked to another firm, Ocean Trust Limited, which was fingered in an alleged N100bn scam involving Alpha Beta Consulting Limited and Alpha Beta LP.
Ocean Trust Limited, which was accused of being a conduit for diversion and laundering of funds by Alpha Beta, listed Simmons Coopers as its company secretary, documents exclusively obtained from the Corporate Affairs Commission by Saturday PUNCH showed.
Simmons Coopers was listed as a company in which Prof Yemi Osinbajo (now Vice-President) had a stake in his asset declaration form in 2015, according to the statement by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu.
In a petition submitted to the Economic and Financial Crimes Commission in July 2018, Dapo Apara, the erstwhile managing director of Alpha Beta, had alleged that Alpha Beta owed the Federal Government N100bn in unpaid taxes spanning over 10 years, adding that the firm usually laundered funds through another firm, Ocean Trust Limited.
He alleged that the firm was being protected by powerful politicians.
The petition by Apara’s lawyer, Adetunji Adegboyega, read in part, “Over the years, the company (Alpha Beta) has been protected and shielded by some powerful politicians and people in the society which made them to always boast of being untouchable.
“But our client, feeling the need not to keep quiet again and strengthened by his belief in the fact that the government of President Muhammadu Buhari is keen on fighting corruption which has been the bane of our country, is of the firm view that it is time to expose and open the can of worms called Alpha Beta Consulting.
“Our client is of the firm belief that it is time for the commission to step in and conduct a holistic investigation into the activities of Alpha Beta Consulting Limited and Alpha Beta LLP with a view to uncovering the massive corruption, money laundering, tax evasion, etc., going on in the company.
“Kindly note that one of the companies being used to perpetrate money laundering by the company is still another company named Ocean Trust Limited.”
Osinbajo’s reaction
When contacted on the relationship between Osinbajo’s firm, Simmons Coopers and Ocean Trust, the Senior Special Assistant to the Vice-President on Media, Mr Laolu Akande, said he would not comment on the matter unless Saturday PUNCH showed him the document indicating Simmons Coopers was Ocean Trust’s company secretary.
But, a source close to Osinbajo told Saturday PUNCH that “the Vice President has since 2014 left the firm. There is no interest there anymore.”
The source added, “And I think you should talk to the EFCC about its own decisions. It does not make sense that the EFCC will say it is not prosecuting or, as you say, investigating or probing (the allegations) because of what you claimed.”
However, Osinbajo in 2015 listed Simmons Coopers as one of his companies in his asset declaration form.
Where is Ocean Trust?
Saturday PUNCH, which investigated Ocean Trust Limited for three months, conducted a search at the Corporate Affairs Commission.
It was noted during a CAC search that the firm was registered with number 419706 on January 5, 2011, and is located at 684, Idowu Taylor Street, Victoria Island, Lagos and had Gboyega Iyiola and Kunle Akinniyi as shareholders at the inception both of whom relinquished their shares two days later on January 7, 2011.
Incidentally, the property where Ocean Trust Limited is located shares the same address with the office of former Governor Bola Tinubu of Lagos State known as ‘Freedom House’.
All efforts to contact Ocean Trust Limited proved futile as investigations by Saturday PUNCH showed that the company might no longer be in operation.
Also, attempts to speak with its management turned out to be a wild goose chase.
When one of our correspondents visited the company’s address at the Freedom House, Plot 684, Idowu Taylor Street, a fair-complexioned lady, who said she was an employee of Ocean Trust Limited, told Saturday PUNCH that the company was no longer located there.
When asked if it was true that the firm was being used to launder funds for Alpha Beta, the lady, who refused to identify herself, asked our correspondent to send an email which she would forward to her boss.
Over three weeks after one of our correspondents sent her an email, a response was still being awaited as of the time of filing this report on Friday.
A visit to Ocean Trust’s second listed address at 42 Norman Williams Avenue, Ikoyi, Lagos yielded no positive result as the compound looked deserted having been overtaken by weeds.
Saturday PUNCH met with a lady, who simply gave her name as Blessing, and confirmed that the place was being used by Ocean Trust. She, however, said she could not speak on any issue as the place was only a correspondence office.
News
NOA Tasks Media Practitioners to Probe Manifestos of Aspiring Political Office Holders


The National Orientation Agency (NOA) has encouraged media practitioners to introduce probing of manifestoes of aspiring political office holders as part of their responsibilities to reshape the country from frivolous and unkept promises.
Lanre Issa-Onilu, the director general of the agency, gave the task while speaking a a panelist at the 9th annual conference of the Guild of Corporate Online Publishers (GOCOP), with the theme,’ Reconciling Campaign Promises with Governance Realities: Challenges and Prospect’, held in Lagos
He pointed out that some of the so-called manifestos are not originally from those who presented but the party they belong to, and they end up subscribing to such manifestos, stressing that as media practitioners this should be probed.
‘Some people proposed manifestos which are not theirs, but party manifestos. They end up subscribing to their party manifestos. As journalists, we do not question manifestos, but populated airtime for other things’
He equally pointed out that the manifesto of the federal government is the manifesto that governed Lagos state, explaining that the National Orientation Agency(NOA) is to communicate government projects.
The Director General added that government require value documentation, recalling that before he joined the agency, he was among those who said it should be scrapped, but when he got there, he discovered that the staff there are committed
‘Before I went to NOA. I was among those who said it should be scrapped. It is not the Agency’s problem but a Nigerian problem. When I got there, I discovered that the staff there are committed
‘I am an agency under a Ministry. There is the problem of the need to have them buy into what I want to do. I am lucky to get the support of the president who is interested in the unity of the country’, he stated.
News
Enugu State Govt Condemns Murder of Catholic Priest, Places ₦10 Million Bounty on Killers
…Commiserates with family, Catholic Church


The Enugu State Government has strongly condemned the gruesome murder of Rev. Fr. Mathew Eya of Nsukka Catholic Diocese by unknown assailants.
The government also commiserated with the late priest’s immediate family, the Catholic Diocese of Nsukka, and indeed the Catholic faithful in general over the tragic incident, which occurred on Friday, September 19, 2025.
In a statement issued by the Commissioner for Information and Communication, Dr. Malachy Agbo, the government described the action as cowardly and cold-blooded.
Father Eya was said to have been shot dead by a group of assailants, who attacked and killed him along Alumona- Eha Ndiagu road in Nsukka Local Government Area of Enugu.
The government has, therefore, reiterated that security of lives and property remains its priority and vowed to bring the perpetrators to justice.
It added that it would not spare any resources within its reach, including technology and credible intelligence to track down the criminals and defeat the remnant agents of evil in the state.
Consequently, the Enugu State Government has placed a ₦10 million reward for anyone with credible information that could lead to the arrest of the perpetrators of the heinous crime.
Anybody with credible information about the perpetrators should quickly contact 07077451426.
News
IPI Raises Alarm over Rising Media Repression in Nigeria


The International Press Institute (IPI), a global body committed to protecting press freedom and the free flow of information, has raised concern over the recent cases of media repression in the country.
Mr Musikilu Mojeed, president, IPI Nigeria, raised the alarm at a dinner organised by the institute, to honour one of its members and a retired Director, Digital Media, Voice of Nigeria (VON) Hajia Hadiza Hussaina Sani in Abuja on Saturday.
The News Agency of Nigeria (NAN) reports that the dinner was organised to honour the media icon for her dedication and service, after clocking mandatory retirement age of 60 years.
NAN also reports that the identical twin sister of the celebrator, Hajia Ameena Hassana Sani, equally retired meritoriously from the service of the agency (NAN) as a Director.
Speaking at the event, Mojeed, Editor-in-Chief, Premium Times, cited the recent “disturbing” instances of banning of live political programme in Kano State and the arrest of a journalist in Ekiti State.
“Akwa Ibom State Government recently evicted Channels TV crew, a journalist and a cameraman, from the press centre inside Government House, Uyo.
“The repressive action was taken, over the publication of a video clip, where the governor, eventually confirmed he is defecting from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).
“A journalist with FIJ, Sodiq Atanda was recently arrested by the police in Ekiti State.
“A former “ThisDay” employee, Azuka Ogujiuba, was reportedly arrested and harassed by the Police for doing her job.
“Every single day you wake up, it is one form of harassment or the other against the media,” he said.
Mojeed, called for continued advocacy to protect press freedom and promote independent journalism.
He stressed that, efforts to protect journalists’ rights and promote independent journalism are crucial in Nigeria’s media landscape.
Mojeed said Sani’s retirement came at a critical time when the media sector in Nigeria is facing numerous challenges, including harassment, arrests, and censorship.
He noted Sani’s significant contributions to IPI Nigeria, including her role in organising its World Congress in Nigeria in 2018, as well as her subsequent active participation in various committees.
Mojeed appealed to the celebrator to continue advocating for press freedom and supporting the work of IPI Nigeria, emphasising that her expertise and experience are invaluable to the organisation.
The Director-General, VON, Mallam Jibrin Ndace, expressed gratitude to IPI Nigeria for recognising Sani’s contributions, stating that the gesture also reflected positively on the entire VON team.
He described Sani as a professional journalist who seamlessly transitioned from traditional journalism to modern digital practices, leading the digital department with innovation.
According to the DG, Sani’s leadership in the digital space, kept VON at the forefront of public media institutions and global competitiveness.
He commended her experience, passion, and love for journalism, which he said, enabled her to excel in her role and serve as a role model for younger journalists.
The VON DG emphasised that, “journalism is a marathon, not a sprint”, and Sani’s long-standing career is a testament to her dedication and commitment to the profession.
Mr Garba Shehu, s spokesman to late President Muhammadu Buhari, described the retirement of Sani as a significant loss for the organisation but a potential gain for other sectors of the journalism profession.
Shehu praised her, as “a strong and young professional with much to contribute to journalism”.
He highlighted her unique qualities, particularly her social responsibility, selflessness, and commitment to helping others to succeed.
According to him, Sani embodies the principles of servant leadership, a concept often touted by politicians but rarely exemplified.
“Her legacy as a role model for young journalists and a champion of socially responsible journalism will continue to inspire others in the field,” he said.
Abdulwaheed Odusile, former President of the Nigeria Union of Journalists (NUJ), commended Sani’s dedication and expertise, which he said, have earned her recognition and respect in the industry..
On her part, Sani expressed gratitude to God and her family for their support throughout her 34 years career in public service.
While reflecting on the challenges and rewards of her time in service, she highlighted the importance of dedication, clear vision, and family support.
Sani emphasised the need for media professionals to adapt to new technologies and appreciate their impact on the industry and the society
She stressed that, telling a good story starts with understanding oneself and one’s audience.
Despite retiring from active public service, she assured to remain active in the media space, pursuing research, teaching, writing, and lecturing.
“It has been a very difficult, challenging, interesting and rewarding 34 years in service.
“It’s not easy. You have new and great ideas, but some people don’t understand, so they find it a bit difficult to agree with you.
“But if you are consistent, if you have a clear vision of what you want to achieve, and you are dedicated and resolute, the sky is not the limit.
“I have pulled out from active public service, but have not retired. My brain is still exceptionally active, and I plan to utilise it.
“I’ll be doing a lot of research work and writing, and I won’t get tired of seeing myself in the media space,” she said.
NAN reports that Sani’s dedication to her work and her commitment to excellence have been hallmarks of her career, which started with the Nigeria Television Authority (NTA) before joining VON.
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