Leading Reporters
  • Headlines
  • Health
  • Business
  • Exclusives
  • Investigation
  • Entertainment
  • Opinion
Monday, March 9, 2026
Hot
Fire Breaks Out At Federal Head Of Service...
Police reportedly remove force PRO Hundeyin 6 months...
BREAKING: Tinubu appoints Taiwo Oyedele as Minister
“If I Run for President, Nigerians Will Vote...
Fuel Price in Nigeria Set to Increase amid...
INEC Shifts 2027 General Elections to January, February...
TINUBU DECORATES DISU AS ACTING INSPECTOR GENERAL OF...
Gunmen invade church in Ondo, abduct six worshippers
FCT Bye-Law: Court bans AMAC from arresting private...
Alleged Attack on Obi: Enough Is Enough —...
  • About Leading Reporters
  • Contact Us
Leading Reporters
Advertise With Us
  • Headlines
  • Health
  • Business
  • Exclusives
  • Investigation
  • Entertainment
  • Opinion
Hot
Fire Breaks Out At Federal Head Of Service...
Police reportedly remove force PRO Hundeyin 6 months...
BREAKING: Tinubu appoints Taiwo Oyedele as Minister
“If I Run for President, Nigerians Will Vote...
Fuel Price in Nigeria Set to Increase amid...
INEC Shifts 2027 General Elections to January, February...
TINUBU DECORATES DISU AS ACTING INSPECTOR GENERAL OF...
Gunmen invade church in Ondo, abduct six worshippers
FCT Bye-Law: Court bans AMAC from arresting private...
Alleged Attack on Obi: Enough Is Enough —...
Leading Reporters
Leading Reporters
  • Headlines
  • Health
  • Business
  • Exclusives
  • Investigation
  • Entertainment
  • Opinion
Copyright 2024 - All Right Reserved
Home > Archives for > Page 6
Author

Leading Reporters

Leading Reporters

Headlines

NITDA: Scammers Using QR Codes to Lure Victims

by Leading Reporters April 1, 2024
written by Leading Reporters

The National Information Technology Development Agency (NITDA) has advised Nigerians to be wary of scanning QR codes from unfamiliar sources, as they could be used for identity theft and illicit transactions by scammers.

It disclosed this information on Saturday via its official handle on X, a social media platform. A QR code is a type of barcode that stores information and can be read by a digital device. It also grants quick access to information and actions.

Fraudulent Use Of QR Codes In Scams⚠️

QR codes, while fast and convenient for quick access to information and actions, have unfortunately become a tool exploited by scammers for fraudulent activities. These activities take various forms and are designed to lure unsuspecting… pic.twitter.com/K2BCSrgFUr

— NITDA Nigeria (@NITDANigeria) March 30, 2024

According to NITDA, these codes can be exploited by malicious actors to deceive and lure unsuspecting users into scanning them and to perpetrate fraudulent activities.

ALSO READ: Busted: How Cynotrust Intelligent Systems Ltd: A company linked to NITDA DG received N264m into its UBA account In one swoop

NITDA wrote:

“QR codes can be exploited by malicious actors to deceive unsuspecting users and perpetrate fraudulent activities. Scammers utilize QR codes in various ways to achieve their nefarious goals, including:

  • Phishing scams: Phishing scammers can generate QR codes that point to malicious applications or phishing websites. Users scan these codes thinking they are genuine and end up having their information stolen.
  • Payment fraud: Scammers can create QR codes that start illicit transactions or reroute payments to their accounts, rather than to the intended recipients.
  • Data theft: Threat actors may embed malicious payloads like malware or data-stealing scripts within QR codes. By exploiting security vulnerabilities in users’ devices, they can steal private documents, financial information, and passwords among other sensitive data.
  • Identity theft: Users personal information, including names, addresses and contact details can be collected using QR codes inserted in fake advertisements or online surveys. The information can then be exploited for identity theft or other targeted frauds.“

It also listed some measures that can be used to prevent falling victim to QR code scams.

According to NITDA, some of these measures are: verifying the legitimacy of QR codes and associated links before scanning them, updating devices with the latest antivirus software and security patches regularly and using reputable QR code scanning mobile applications with built-in security features.

April 1, 2024 0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
Headlines

Karma: Gov Uba Sani decries effect of debt burden he facilitated for El-Rufai

by Leading Reporters April 1, 2024
written by Leading Reporters

Uba Sani, Governor of Kaduna State, has decried the amount of local and foreign debt Nasir El-Rufai, his predecessor, accrued for the state.

During a town hall meeting at the late Umaru Musa Yar’Adua Hall, Kaduna, on Saturday, Sani revealed his administration inherited a total of $587 million, N85 billion and 115 contract liabilities.

He said these commitments meant the government spent N7 billion of its N10 billion federal allocation on debt servicing and would be unable to pay salaries, which stood at about N5.2 billion.

These comments drew criticism from netizens, who perceived them as an attack on El-Rufai. Bashir, the former governor’s son, took to social media to mock Sani and his aides, claiming they were incompetent.

We now learnt that, as part of the ninth Senate, Sani was instrumental in securing a $350 million loan for the El-Rufai administration after three senators from Kaduna opposed the request in the eighth Senate.

‘HOLD ME RESPONSIBLE, SANI TOLD SENATE

Between 2019 and 2023, Sani represented Kaduna Central in the Senate, but before him, there was Shehu Sani.

Shehu Sani expressed disapproval of El-Rufai’s loan request, and his position was shared by Suleiman Hunkuyi (Kaduna North) and Danjuma La’ah (Kaduna South).

Shehu’s argument was that another loan would erode the economic viability of the state, which already had huge debt burdens to fund.

When the All Progressives Congress (APC) replaced Shehu with Uba on the 2019 ballots, it was the positive El-Rufai needed.

In March 2020, Shehu was no longer in the Senate, and Uba was chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions. The loan request topic came up for debate again, and Uba swore it was critical the state got it at the time and even asked that the nation hold him responsible if the then governor failed to utilise the loan of about $350 million properly.

“They were wrong in their assertion,” Uba said of the Kaduna senators who opposed borrowing. “Having checked the laws, the accounts and the performance of the Kaduna State Government, the World Bank was convinced that Kaduna State merited its support.

“Equally important is the integrity of the Governor of Kaduna State. While considering the request for the loan, the relevant committees in both chambers of the National Assembly factored in the unassailable integrity of Governor Nasir El Rufai to approve the loan request.”

Four years after, Uba has now complained of the economic viability of the state, as 70 percent of its allocation has gone into debt servicing while workers are yet unpaid.

April 1, 2024 0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
Heartless Billionaires: How Dangote Rice, Floormill Nig., Bua Rice, Golden Agri Inputs, Wacot, others pocketed N5.7b meant for IDPs in North-East Leading Reporters
Exclusives

Heartless Billionaires: How Dangote Rice, Bua Rice, Golden Agri Inputs Ltd, Wacot Ltd, others pocketed N5.7b meant for IDPs in North-East

by Leading Reporters February 21, 2024
written by Leading Reporters

The least may not have been heard about how “Aso Rock” used the erstwhile Central Bank Governor, Godwin Emiefele to soothe the untamed financial appetite of Dangote, Bua, and those linked to the powers that be within the corridors of power. 

This follows a new revelation on how the then Acting President, Prof. Yemi Osibanjo, through former Minister of Finance Kemi Adeosun ordered the erstwhile Governor of the Central Bank, Godwin Emiefele to release the sum of N5,865,671,389.29 to Dangote, Floormill Nigeria, Bua Group, Golden Agri Input, and Wacot Limited under the guise of providing food to the internally displaced persons IDPs within the North-East Region.

According to a letter from the then Minister of Finance, Kemi Adeosun addressed to Godwin Emiefele dated 2nd June,2017, with Ref. No. HMF/FMF/CBN/FOOD/1/2017, directing him to release the said fund to the following beneficiaries: (1) Dangote Rice Ltd, Zenith Bank Account No 1014006586.  Amount:  N936,196,800 (2) Golden Agri Inputs Limited, GTbank Account No. 0198931211.  Amount:  N1,384,554,236.26.  (3) Bua Rice Ltd, Sterling Bank Account No 0062487976.  Amount N1,322,273,520. WACCOT Limited on the other hand received the sum of N453,674,296 and N939,946,081 into her First Bank Account No 2006409434 and Zenith Bank Account No 1010592718 respectively.

Recall that Godwin Emiefele has been under investigation for his reckless mismanagement of national funds when he held sway as the Governor of Nigeria’s Central Bank. 

His tenure as the CBN governor was characterised by the diversion of funds through cronies, especially the political associates of former President Muhammadu Buhari and others on the good books of President Muhammadu Buhari.

Many believe that the reckless mismanagement of the economy and finances led to the current economic depression that Nigerians are facing.

To ensure that some of these diverted funds are returned to the national treasury, President Ahmed Bola Tinubu hired a private investigator, Jim Obazee to dig up the whereabouts of funds looted from the national treasury.

February 21, 2024 0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
FHA: Gets New CEO In Tinubu’s Son-In-law, Oyetunde Oladimeji Ojo Leading Reporters
Headlines

FHA: Gets New CEO In Tinubu’s Son-In-law, Oyetunde Oladimeji Ojo

by Leading Reporters February 16, 2024
written by Leading Reporters

Bola Tinubu has given the green light for the appointment of Oyetunde Oladimeji Ojo, his son-in-law, as the Managing Director and Chief Executive Officer of the Federal Housing Authority (FHA)

Ojo, a former member of the House of Representatives, is the spouse of Folasade Tinubu-Ojo, the president’s daughter.

According to a statement by Ajuri Ngelale, the presidential spokesperson, Tinubu has also designated Mathias Terwase Byuan as the Executive Director (Housing Finance & Accounts); Umar Dankane Abdullahi as Executive Director (Business Development); Oluremi Omowaiye as Executive Director (Project Implementation); and Ezekiel Nya-Etok as Executive Director (Business Development and Portfolios) to join the management team of FHA.

Ngelale further revealed that the president has appointed Shehu Usman Osidi as the CEO of the Federal Mortgage Bank of Nigeria (FMBN).

Additional appointments to the FMBN management team include Ibidapo Odojukan as Executive Director (Finance and Corporate Services), Muhammad Sani Abdu as Executive Director (Loans and Mortgage Services), and Chinenye Anosike as Executive Director (Business Development and Portfolios).

In a comprehensive move to reposition the national housing and urban development sector, President Tinubu has approved the restructuring of the executive management teams of parastatals under the Federal Ministry of Housing and Urban Development.

The statement outlined the new leadership for FMBN and FHA, emphasizing the qualifications and experience of the appointed individuals. Shehu Usman Osidi, the new FMBN CEO, boasts over 30 years of experience in banking, including 13 years in mortgage banking, with academic credentials from prestigious institutions such as Harvard University’s Kennedy School of Government and the University of Pennsylvania’s Wharton School of Housing Finance.

Oyetunde Ojo, the new CEO of FHA, is highlighted as a former Member of the House of Representatives with over a decade of experience in the housing and hospitality industries. He holds a Master’s degree in Peace and Conflict Studies from the University of Greenwich, United Kingdom.

President Tinubu’s ambitious plans for the housing sector, including the establishment of Building Materials Hubs, a National Social Housing Fund, and land reforms, are expected to be spearheaded by the newly appointed executives. The president anticipates their swift action in delivering affordable housing to millions of Nigerians and creating numerous job opportunities for the country’s youth.

February 16, 2024 0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
Putin Says He Prefers Biden Over Trump leading Reporters
Africa & World

Just in: Putin Says He Prefers Biden Over Trump

by Leading Reporters February 16, 2024
written by Leading Reporters

Russian President Vladimir Putin described US counterpart Joe Biden on Wednesday as more “predictable” than Donald Trump but said the Kremlin was prepared to work with whoever wins November’s election.

Asked by a journalist who Russia would like to see win in the likely contest between the Democratic incumbent and Republican frontrunner Trump, Putin said: “Biden, he’s more experienced. He’s predictable, he’s an old-school politician.”

Putin batted away questions about Biden’s age and health, with the president set to turn 82 just weeks after the election.

“When I met Mr Biden three years ago, it’s true, people were already talking about his inabilities, but I saw nothing of the sort,” said Putin, evidently referring to a summit in Geneva.

US polls show voters have strong concerns about Biden’s age.

The age issue has been compounded by two recent episodes in which Biden confused European leaders with dead predecessors.

The White House was forced to vehemently defend the president’s competence last week after a special counsel report described him as an “elderly man with a poor memory”.

Biden himself responded angrily to the accusation, but then compounded the problem by mixing up the presidents of Egypt and Mexico.

Trump, 77, has also mixed up people’s names recently, confusing his last rival for the Republican presidential nomination, Nikki Haley, with former US House speaker Nancy Pelosi.

Putin, nonetheless, expressed strong opposition to Washington’s foreign policy under Biden.

“What we have to examine is the political position, and that of the current administration is extremely harmful and wrong,” said Putin.

February 16, 2024 0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
Pro-Alh. Garba Abubakar Corporate Affairs Commission pulls down online registration activities; Billions of Naira Revenue lost Leading Reporters
Investigation

Pro-Alh. Garba Abubakar Corporate Affairs Commission pulls down online registration activities; Billions of Naira Revenue lost

by Leading Reporters February 10, 2024
written by Leading Reporters

A Group of Staff said to be loyal to the immediate past Registrar General of the Corporate Affairs Commission, CAC, Alh. Garba Abubakar has allegedly grounded online operations in the agency, making company registration and other corporate registration and payment impossible for weeks now. This has led to loss of revenue by the Federal Government of Nigeria.

LeadingReporters gathered that this move was one of the strategies by the staff loyal to the former RG to bring the current registrar general to a renegotiation table.

A discreet source that spoke to LeadingReporters on condition of anonymity said that this was not the first time a situation like this has happened.

“We experience issues like this each time a new leadership emerges in the agency.  Saboteur staff would always align with their preferred boss and make a mess of the system for an incoming leadership.”

He said the trend began when CAC completed digitalization and online processing of its operations.  He said the then registrar general had a deal with the company that completed the digitalization of the agency’s operations.  He amassed so much money from the project and went ahead and put a structure that would continue to fetch him returns from the project, even after leaving office.

“When the then RG left and a new one was appointed, the then-incoming RG requested a cancellation of the agency’s ” deal ” with the former RC.  All hell was loose.  This situation led to the ICT company unplugging the database and CAC services grounded for weeks, if not months, until a renegotiation was done.

The source said that the problem is all about personal gratification by those who call the shot in the agency and those loyal to them.

“The suspension of CAC online operations is all about who takes what.  It is the fight of the Titans and about their interests.  They want to push the current RG, Hussaini Ishaq Magaji to negotiate with them.  Unfortunately, the staff are the canon fodders. 

Meanwhile the Federal Government has continued to lose revenue because of the internal fight and power play.  Clients’ jobs are taking months to be delivered.

February 10, 2024 0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
GeneralHeadlines

In 2024, 63 Government-Owned Enterprises are projected to generate N4.93 trillion, expend N3.77 trillion, and remit N1.45 trillion

by Leading Reporters February 10, 2024
written by Leading Reporters

A comprehensive list of the 63 Government-Owned Enterprises (GOEs) reveals significant revenue projections, expenditures, and remittances to the federal government for the year 2024.

Among these entities are prominent organizations such as the Administrative Staff College of Nigeria, Corporate Affairs Commission, Federal Road Safety Corps, National Health Insurance Scheme, Nigerian Customs Service, and many more. Each GOE has outlined its specific financial plan for the year, with entities like the Administrative Staff College of Nigeria projecting to earn N903,080,000.00 in revenue, expend N1,808,190,693.00, and transfer N363,080,000.00 to the federal government.

Similarly, the Corporate Affairs Commission has projected earnings of N28,518,447,500.00, expenditure of N14,259,223,750.00, and a remittance of N11,407,379,000.00 to the Federal Government. GOEs play a crucial role in the country’s commercial landscape, with substantial financial resources at their disposal.

The detailed financial projections of these GOEs were disclosed in a budget proposal submitted to the federal government by the Ministry of Budget and National Planning and accessed by Our Reporters. The National Assembly’s approval of the 2024 appropriation bill on December 30, 2023, resulted in an increased budget size from the initial N27.5 trillion proposed by President Bola Tinubu to N28.7 trillion. This adjustment, totaling N1.2 trillion, is attributed to the optimistic revenue forecasts from these government enterprise entities.

Among the 63 GOEs are Administrative Staff College Of Nigeria, Corporate Affairs Commission, Council For The Regulation Of Freight Forwarding In Nigeria, Federal Airport Authority Of Nigeria, Federal Competition And Consumer Protection Commission, Federal Housing Authority, Federal Inland Revenue Service, Federal Mortgage Bank Of Nigeria, Federal Road Safety Corps, Financial Reporting Council Of Nigeria, Industrial Training Fund, Joint Admission And Matriculation Board, Lagos International Trade Fair Complex Management Board, National Agency For Food & Drug Administration & Control, National Automotive Design And Development Council, National Broadcasting Commission, National Business And Technical Examination Board, National Examination Council, National Film And Video Censors Board, National Health Insurance Scheme, National Information Technology Development Agency, National Inland Waterways Authority, National Insurance Commission, National Lottery Regulatory Commission, National Lottery Trust Fund, National Office For Technology Acquisition And Promotion, National Pension Commission, National Space Research And Development Agency and National Sugar Development Council.

Others are Nigeria Civil Aviation Authority, Nigeria Deposit Insurance Corporation, Nigeria Export Processing Zones Authority, Nigeria Immigration Service, Nigeria Integrated Water Management Commission, Nigeria Meteorological Agency, Nigeria Social Insurance Trust Fund, Nigerian Agricultural Insurance Corporation, Nigerian Airspace Management Agency, Nigerian Bulk Electricity Trading, Nigerian Communication Commission, Nigerian Communication Satellite Limited, Nigerian Content Development & Monitoring Board, Nigerian Copyright Commission, Nigerian Customs Service, Nigerian Electricity Management Service Agency, Nigerian Electricity Regulatory Commission, Nigerian Export Promotion Council, Nigerian Film Corporation, Nigerian Investment Promotion Commission, Nigerian Maritime Administration & Safety Agency, Nigerian Midstream And Downstream Petroleum Regulatory Authority, Nigerian Nuclear Regulatory Authority, Nigerian Port Authority, Nigerian Postal Service, Nigerian Railway Corporation, Nigerian Shippers’ Council, Nigerian Television Authority, Nigerian Upstream Petroleum Regulatory Commission, Oil And Gas Free Zone Authority, Raw Materials Research And Development Council, Securities And Exchange Commission, Standards Organization Of Nigeria and Tertiary Education Trust Fund.

February 10, 2024 0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
GeneralGeneral

President Tinubu’s wife, neglect Nigeria, donates $100,000 for construction of first-class medical centre in Sierra-Leone.

by Leading Reporters February 6, 2024
written by Leading Reporters

According to Nigerians in Diaspora, Sierra Leone Chapter (NIDO, SL), the donation is in fulfillment of her pledge toward the construction of a first-class medical centre for Nigerians in Sierra Leone.

The donation, according to a press statement by the organization, is a fulfillment of her pledge toward the construction of a first-class medical centre for Nigerians in Sierra Leone.

NIDO President in Sierra Leone, Engineer Abiodun Oyebola, requested her support due to the dire and urgent need for a medical centre, due to the dilapidated state of healthcare facilities in Sierra Leone. The NIDO MEDICAL CENTRE when completed and becomes operational will go a long way to address the medical needs of over 40,000 Nigerians living in Sierra Leone, and will no doubt complement the efforts of His Excellency, President Julis Maada Bio in closing the gaps in the health sector.

Nigeria’s First Lady met with a cross-section of members of the Nigerians in Diaspora, Sierra Leone on Sunday, November 19, 2023, during her visit to the country as the Special Guest of Honour to the commemoration of UN World Day, hosted by Her Excellency, Dr. Fatima Bio, the First lady of the Republic of Sierra Leone.

Nigerians in Diaspora Organisation NIDO Sierra Leone SL was formed pursuant to a directive by Nigerians in Diaspora Commission NIDCOM in Abuja, headed by Hon Abike Dabiri. Hon. Dabiri-Erewa played a pivotal role in her characteristic professional way. Right from Abuja, she coordinated the meeting which proved to be the platform for Her Excellency, Sen. Oluremi Tinubu to meet with and inform the Nigerians in Sierra Leone of the great efforts being undertaken by her husband, His Excellency, Senator Bola Ahmed Tinubu, the President of the Federal Republic of Nigeria to revamp the Nigerian ailing economy. The meeting, no doubt was huge success.  Nigerians in attendance were able to interact directly with Her Excellency, The First Lady, to get first-hand information and clarifications on various issues on the economy, security, social development, etc, raised by the executive members, Patrons and members of the Board of Trustees of the NIDO SL, led by their President, Abiodun Oyebola.

The donation came in from the Renewed Hope Initiative, the humanitarian pet project of Her Excellency, Senator Tinubu. This is a very big boost to alleviate the challenges being faced by Nigerians in Sierra Leone, especially in the health delivery sector of the country. Recall that Sierra Leone is still grappling with the consequences of the 11-year brutal civil war that destroyed all national social infrastructure. Just as the government is struggling to reinstate the health and educational infrastructure, it recorded a big setback with the outbreak of the Ebola virus which ravaged the country from 2014 to early 2016 and killed over 4,000 people in the country. This was further compounded by the COVID-19 pandemic in the year 2020 to 2022.

Nigerians in Diaspora Organisation, Sierra Leone Chapter remains a trailblazer among the various NIDO chapters all over the world. NIDO Sierra Leone is the first to organise the largest single gathering of Nigerians abroad under one roof during the inauguration of President Abiodun Oyebola and his executives on July 6, 2019, where over 4, 500 Nigerians gathered to celebrate our national unity. This remains the largest gathering to date.

Similarly, the NIDO MEDICAL CENTRE, a project for non-profit, is the first of its kind in the diaspora. It is therefore not surprising that NIDO Sierra Leone is the First Chapter to formally receive and have in audience our dear First Lady of the Federal Republic of Nigeria, Her Excellency, Senator Oluremi Tinubu who coincidentally was in Sierra Leone on her very first official trip outside Nigeria and in her capacity as the First Lady of the Federal Republic of Nigeria

February 6, 2024 0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
Busted: How Ecobank MD Jubril Mobolaji Lawal Swindled Nigeria of N1.7 billion  Meant For Generating Electricity To Nigerians LeadingReporters
Investigation

Exposed: Ecobank MD Jubril Mobolaji Lawal fingered in diversion of N1.7 billion meant for power generation

by Leading Reporters February 5, 2024
written by Leading Reporters

Across the Africa continent flies Ecobank Nigeria, courtesy of it being under Ecobank Transnational Incorporated, being the parent company of Ecobank Group. While it rides on the wave of acclaimed public trust that banks with it in Nigeria to defend its success, what Nigerians didn’t know is that Ecobank is one of those that has denied them having constant electricity for years.

Welcome to the sordid but realistic tales of how Ecobank walked away with billions and did nothing. The year was 2015, when the Central Bank of Nigeria (CBN) under the embattled sacked Governor, Godwin Emefiele, without any directive of then President Goodluck Jonathan incorporated a Special Purpose Vehicle called NESI Stabilization Strategy Limited.

What Jonathan initially approved is a stabilization fund to be limited by guarantee in order for NESI to address the problems in the electricity industry to operate for 10 years wherein the fund would have been repaid. To see this noble idea come to pass, some banks were selected, an action which saw Nigerians sleep while the banks owners buga away.

One of the banks selected was Ecobank and indeed committed one of the biggest electricity heist against Nigeria. The Bolaji Lawal led bank over the years engaged in manipulation by unlawfully arranging and collected part of the 1.9535% for participating in the Nigerian Electricity Market Stabilization Facility. These fees were paid to Ecobank in ration of its contribution to the NEMSF disbursement, according to External Auditor’s Notes to the Financial Statement of NESI Stabilization Strategy Limited.

Ecobank Nigeria walked away fraudulently with N1.7 billion without doing anything, one of the highest by the league of banks who perpetrated the fraud. This has been unearthed by the Jim Obazee investigative team, carrying out a fact finding on how the CBN was governed under Emefiele.

In its report to President Bola Tinubu which is in our possession, he indicted Bolaji Lawal and all its Managing Directors from 2015 till date stating that “it is important that all artificial and natural persons involved in this manipulation, to which public funds were plundered, must be held accountable and responsible”.

It went further to make a recommendation to Tinubu that Ecobank should refund the sum of N1.7 billion criminally diverted. That money if converted to today’s money will see Lawal signing away over N13 billion from the bank’s cover due to the fallen exchange rate of N170 at 2015 to N1450 in 2024 open market rates. News credit: SecretsReporters

February 5, 2024 0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
Nigerian-born Japanese Investor petitions President Tinubu over missing $900m in his UBA account leading reporters
Investigation

Nigerian-born Japanese Investor petitions President Tinubu over missing $900m in his UBA account; warns Nigerians in Diaspora to be wary of banks as UBA

by Leading Reporters January 12, 2024
written by Leading Reporters

United Bank for Africa (UBA) Plc has been described as a bank Nigerians in the diaspora should avoid at any cost. A Nigerian-born Japanese investor of international repute, Osabuohien Ese Imasuan, in a petition to President Ahmed Bola Tinubu narrated how Tony-Elumelu’s UBA seized his legitimate fund totaling $900,000,000 (Nine Hundred Million Dollars) which was paid into his UBA Account No. 3000271285.

According to information exclusively obtained by LeadingReporters, the victim, via an appeal to President Tinubu’s private investigator narrated how a legitimate investment fund, paid into his UBA account was withheld by the bank on the instructions of Mr., Tony Elumelu.   He said UBA connived with the then Governor of the Central Bank of Nigeria, Godwin Emiefele to withhold his business funds which he repatriated to Nigeria from Japan.

According to information privy to LeadingReporters, Mr. Imasaun said that UBA, via a text message, after much pressure, notified him that a ban on his account had been lifted and he was free to transact, only for him to get to the bank and could not assess his funds.

Narrating his ordeal, Mr. Imasaun described himself as a legitimate international businessman who has chains of verifiable businesses in Japan, South Korea and other parts of the world.  According to the letter, exclusively obtained by LeadingReporters, Mr. Imasaun said he is a businessman based in Japan and trading under Imasaun Investment Japan Limited, with a registered office situated at No. 405364, Iwai Cho Hodo Gaya Ku Tokohama Shi Kana Japan.

Mr. Imasaun said he is a well-known international businessman who has resided in Japan for over 18 years without any criminal record, via his resident permit No. RC77047731HA and trades on Forex which in turn attracts commissions and other investible returns.

Mr. Imasaun said that his love for Nigeria and to contribute his quota towards national growth through a series of investments, he decided to warehouse some proceeds of his legitimate funds through UBA, unknown to him that the security of his fund is not safe with his choice bank.

He said the plan was a deliberate attempt to mess him up and cow him into forfeiting his hard-earned money.  He said he regretted not heeding the earlier warning given to him that UBA was a bank with questionable credentials, despite the media hype and strategic branding of Mr. Tony Elumelu.

Meanwhile, a Texas-based pro-investment Group, The League of Patriots has appealed to President Tinubu to wade into the matter in a view to compelling Mr. Tony Elumelu to release Mr. Imasaun Funds, with all the interests and profits accruable to the fund, since it is obvious, they have been trading with the said fund since the fund was kept in their care.

Barry Nwani, the spokesman of the group, following the League’s Zoom meeting communique said the group would not hesitate to mobilize all its members in the USA, Europe, and Asia to blacklist UBA and other banks that frustrate the efforts of Nigerians in diaspora from bringing in legitimate fund and investing in their home country.

He described Tony Elumelu’s philanthropic activities as a smokescreen peculiar with economic hitmen and jackals.

All efforts to reach UBA to have its say on the allegations proved unsuccessful as texts and calls made to the public affairs department of the bank, through their spokesman Mr. Ramon Nasir were not responded to.

January 12, 2024 0 comments
0 FacebookTwitterPinterestThreadsBlueskyEmail
Newer Posts
Older Posts

Recent Posts

  • Fire Breaks Out At Federal Head Of Service Building In Abuja

    March 9, 2026
  • Police reportedly remove force PRO Hundeyin 6 months after serving as Ex-IGP’s apologist

    March 5, 2026
  • WIDEN empowers women with inclusive AI solutions

    March 4, 2026
  • BREAKING: Tinubu appoints Taiwo Oyedele as Minister

    March 3, 2026
  • Chicwave By Rophie Redefines Thrift Fashion with Global Reach

    March 3, 2026

Usefull Links

  • Contact Page
  • About Leading Reporters
  • Contact Us
  • Headlines
  • Investigation
  • Exclusives
  • Opinion
  • Business
  • Facebook
  • Twitter
  • Instagram
  • Linkedin

@2021 - All Right Reserved. Designed and Developed by PenciDesign


Back To Top
Leading Reporters
  • Featured
  • Politics
  • Opinion
  • Business
  • Entertainment
  • Sports
  • About Us
  • Contact