In a deepening investigation into an alleged coup plot against President Bola Tinubu’s administration, the Nigerian military has uncovered a suspicious financial trail involving over ₦45 billion disbursed from the Niger Delta Development Commission (NDDC).
The Defence Intelligence Agency (DIA), leading the probe, has linked these funds to politically exposed persons and detained soldiers suspected of orchestrating the conspiracy. Security sources revealed that the discovery has intensified scrutiny on high-level transactions within the commission, raising fears of widespread financial misconduct.
The probe gained momentum following the detention of 16 Nigerian Army officers earlier this month, initially tied to a routine exercise but now connected to subversive activities.
Investigators, working with the Nigerian Financial Intelligence Unit (NFIU) and the Economic and Financial Crimes Commission (EFCC), traced the funds to a ₦54 billion shoreline protection contract awarded under a previous administration.
A portion, estimated at ₦20 billion in mobilization fees, was allegedly diverted to support the plot, with transfers reaching accounts linked to the suspects.
At the center of the storm is former Bayelsa State Governor and ex-Minister of State for Petroleum, Timipre Sylva, whose Abuja residence was raided by Army personnel last Saturday. Although Sylva was abroad at the time, his younger brother and a driver were arrested during the operation.
Sylva’s camp has vehemently denied any involvement, labeling the allegations as politically motivated attempts to tarnish his reputation amid ongoing rivalries in the Niger Delta.
Compounding the tension, NDDC Managing Director Dr. Samuel Ogbuku was arrested by DIA operatives on Wednesday and is currently under interrogation. Sources claim Ogbuku allegedly authorized illicit transfers from the shoreline project, co-sponsoring the coup through these channels.
NDDC spokesperson Seledi Thompson-Wakama has declined comment, citing directives to maintain silence, while insiders describe an atmosphere of panic at the commission’s headquarters as executives brace for further summons.
The military’s inquiry extends beyond the NDDC, forming part of a broader intelligence operation to track unusual public fund movements.
Senior security officials confirmed that interrogations of top NDDC executives focus on the origins, beneficiaries, and utilization of the ₦45 billion, with fears that the probe could expose a network of corruption involving contractors and politicians from both southern and northern Nigeria.
The Federal Government has reiterated its commitment to democratic stability, dismissing coup rumors while vowing thorough accountability.
As the investigation concludes, findings are set to be submitted to President Tinubu, potentially leading to a General Court Martial and public disclosure of involved parties.
This scandal underscores persistent challenges in Nigeria’s public sector, where development funds meant for regional upliftment are allegedly siphoned for destabilizing ends. Stakeholders urge swift reforms to prevent future vulnerabilities, emphasizing the need for transparent oversight in agencies like the NDDC.
Discover more from LN247
Subscribe to get the latest posts sent to your email.
Tự do lưu nội dung với tải video YouTube—hỗ trợ Shorts/Live replay khi khả dụng.
I enjoyed your take on this subject. Keep writing!
Thanks for addressing this topic—it’s so important.
Code promo sur 1xBet est unique et permet a chaque nouveau joueur de beneficier jusqu’a 100€ de bonus sportif a hauteur de 100% en 2026. Ce bonus est credite sur votre solde de jeu en fonction du montant de votre premier depot, le depot minimum etant fixe a 1€. Pour eviter toute perte de bonus, veillez a copier soigneusement le code depuis la source et a le saisir dans le champ « code promo (si disponible) » lors de l’inscription, afin de preserver l’integrite de la combinaison. D’autres promotions existent en plus du bonus de bienvenue, vous pouvez trouver d’autres offres dans la section « Vitrine des codes promo ». Vous pouvez trouver le code promo 1xbet sur ce lien — https://g-r-s.fr/pag/code_promo_131.html.
Profitez d’une offre 1xBet : beneficiez un bonus de 100% pour l’inscription jusqu’a 130€. Renforcez votre solde facilement en placant des paris avec un multiplicateur de cinq fois. Le code bonus est valide tout au long de l’annee 2026. Activez cette offre en rechargant votre compte des 1€. Vous pouvez trouver le code promo 1xbet sur ce lien > https://mosstoursegypt.com/pages/fizicheskie_simptomy_pri_psihicheskom_zabolevanii.html.
Code promo 1xBet pour 2026 : profitez d’un bonus de bienvenue de 100% jusqu’a 130€ en rejoignant la plateforme. C’est une offre unique pour les paris sportifs, avec la possibilite de placer des paris gratuits. N’attendez pas la fin de l’annee 2026 pour profiter de cette offre. Le lien ci-dessous vous menera vers le code promo officiel 1xBet > https://piganddac.com/news/code_promo_176.html.
Знание английского языка сегодня считается незаменимым навыком для современного человека.
Он дает возможность находить общий язык с людьми со всего мира.
Не зная английский сложно развиваться профессионально.
Многие компании предпочитают знание английского языка.
https://waeris.com/posts/266
Обучение английскому делает человека увереннее.
Зная английский, можно учиться за границей без перевода.
Кроме того, регулярная практика повышает концентрацию.
Таким образом, умение говорить по-английски является залогом в будущем каждого человека.
tours of morocco 2025 Sarah M. The Bosphorus cruise was stunning. Seeing both sides of Istanbul from the water was unforgettable. https://golitech.com/antalyas-coastal-stories-history-and-sea-with-turkey-tour-packages/
shaman in ecuador Logan E. The ATV sunset tour was incredible — great photos and great vibes. https://www.trustpilot.com/review/travelshopbooking.com
Enjoyed examining this, very good stuff, thankyou.
Fantastic beat ! I wish to apprentice while you amend your website, how can i subscribe for a blog website? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear idea