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Popular socialite, Abu Abel, arrested over alleged N477m land scam
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Police operatives at the Force Criminal Investigation Department (FCID), Alagbon, have arrested a popular socialite over his alleged involvement in a N447 million land fraud.
The suspect, Olaseni Johnson Olayinka alias Abu Abel, was arrested during an operation led by CSP Taiwo Oyewole at a residence in Victoria Island where he was allegedly hiding.
It was gathered that the Assistant Inspector General (AIG) in charge of FCID, Mrs Margaret Ochalla ordered Olayinka’s arrest following a petition by Doyin Investment Group of Companies.
The petitioner had alleged that the suspect fraudulently sold them three plots of land situated at Augustina Orji Street, within Ojomu Chieftaincy Family land, Oke-Arin Village, Mayegun, in Eti-Osa Local Government Area of Lagos.
He was alleged to have represented himself as the owner of the three plots (1, 4 and 10) measuring about 1,800.311 square metres in 2023.
Abu Abel allegedly convinced the company to pay N447 million for the property and a Deed of Assignment was duly executed between the parties.
However, following the transaction, the company discovered that the land was already encumbered and subject to a third-party claim.
When confronted, the suspect admitted he was aware of the issue and promised to refund the payment. He was said to have refunded N230 million in bits but defaulted on the balance of N217 million.
He was said to have become evasive and subsequently started threatening officials of the company.
According to the petitioner, Abu Abel on January 11, 2024, signed a written undertaking to repay the balance and used his property at Block C, Plot 22, Oba Amusa Adebambo Avenue, Lekki, as a collateral but failed to offset the debt.
Rather than submit himself to the agreement, the suspect was alleged to have filed a fundamental human rights enforcement suit, an action the police described as ploy to obstruct justice.
He was subsequently arrested after weeks of intelligence gathering on his whereabouts.
A source familiar with the case said the suspect was also being investigated for alleged links to a secret cult group reportedly involved in high-profile fraud, land grabbing, and criminal intimidation across Lagos and Ogun states.
“His arrest was ordered by AIG Margaret Ochalla, and executed by CSP Taiwo James and her tactical team. The operation was intelligence-driven and concluded successfully in Abuja,” the source disclosed.
Recovered from the suspect were key documents, including payment receipts, the Deed of Assignment, written undertakings, and correspondence with the complainant.
He is expected to be arraigned soon on multiple charges, including obtaining money under false pretence, criminal breach of trust, and conspiracy to defraud contrary to the Advance Fee Fraud and Other Related Offences Act, 2006, and the Criminal Code Act.
Meanwhile, Doyin Investment Group has appealed to the Inspector-General of Police, IGP Kayode Egbetokun, to ensure the suspect is prosecuted and the company’s outstanding N217 million recovered.
“This was a calculated fraud. We trusted the system, paid the money legally, and now the company is suffering losses. We commend the police for tracking him down, and we are confident that justice will be served,” a company representative stated.
(Nation)
The Nigerian National Petroleum Company Limited, NNPCL, has slashed its fuel pump price for the second time within four days.
A market survey on Saturday by DAILY POST showed that NNPCL retail outlets around Airport Junction and Wuse Zone 6 (Berger) in Abuja have reduced their petrol price to N1210 per litre, down from N1260.
This means that the state-owned oil firm slashed the petrol price by N50 per litre.
This comes barely two days after Dangote Refinery reduced its petrol gantry price by N50 to N1,125 per litre.
Recall that four days ago, NNPCL had adjusted its fuel price pump by N75 per litre to N1260.
With the latest drop by NNPCL retail outlets, petrol prices stand between N1210 per litre and N1305 per litre in Abuja and its environs.
The reduction in domestic fuel comes amid falling crude oil prices, which stand at $69 per barrel and $71 per barrel for West Texas Intermediate and Brent crude, respectively, following the easing of the conflict in the Middle East.
Recall that President Bola Tinubu has kept mum amid the clamour by Nigerians for a commensurate drop in domestic fuel pump prices due to the significant reduction in crude oil prices.
The Independent National Electoral Commission, INEC, has said it is yet to receive the Certified True Copy, CTC, of the Federal High Court judgment that set aside an earlier order directing it to register the Nigeria Democratic Congress, NDC, as a political party.
INEC revealed this in a statement issued on Saturday by its Chief Press Secretary and Media Adviser to the Chairman, Adedayo Oketola.
According to the commission, although it is aware of media reports on the judgment delivered by the Federal High Court sitting in Lokoja on June 26, it cannot comment on the ruling until it obtains and reviews the certified copy.
The Independent National Electoral Commission, INEC, is aware of reports circulating in the media regarding the judgment delivered on Friday, June 26, 2026, by the Federal High Court sitting in Lokoja, which set aside an earlier order concerning the registration of the Nigeria Democratic Congress.
“However, as of this moment, the Commission has not yet received the Certified True Copy, CTC, of the court’s order,” the statement said.
INEC stated that its legal department would study the judgment upon receipt of the CTC before advising the commission on the next course of action.
“Once the Commission’s legal department receives and thoroughly studies the CTC of the judgment, INEC will take an informed, lawful decision in line with the court’s directives.
“Until then, we cannot comment on the specifics of the ruling, and the public is urged to await the Commission’s formal position on the matter,” Oketola added.
Justice Isah Dashen of the Federal High Court in Lokoja had on Friday set aside the court’s December 10, 2025, judgment directing INEC to register the NDC as a political party.
The court held that the rights of the Peace Movement Party were affected by the earlier judgment because it was not joined in the suit despite claiming ownership of the logo relied upon in securing the registration order.
Justice Dashen consequently ordered that all parties be restored to the positions they occupied before the December 2025 judgment and directed that the substantive suit be heard afresh with all necessary parties joined.
The NDC has rejected the ruling and announced plans to appeal the decision. Its National Chairman, Senator Moses Cleopas, maintained that the party had not been deregistered and argued that the trial court lacked jurisdiction to revisit a matter on which it had already delivered a final judgment.
The ruling has also attracted reactions from opposition figures, including the NDC’s presidential candidate, Peter Obi, the party’s National Leader, Senator Henry Dickson, and other stakeholders, who described the decision as a threat to Nigeria’s multiparty democracy and vowed to challenge it through all available legal channels.
INEC, however, maintained that it would reserve its position on the judgment until it receives and reviews the Certified True Copy.
A joint police operation rescued five victims abducted near Ogbere Forest in Ogun state on Wednesday.
They were rescued within 25 hours by the Lagos and Ogun Police Commands, which were part of a joint operation codenamed KOSAYE, meaning “No Space” in Yoruba.
The woman was among the victims who were shot in the incident. Her daughter and sister were among those rescued by the police on Thursday.
NNPC slashes petrol price twice within four days
Lokoja Court order: INEC speaks on NDC, says it’s yet to receive CTC
Just in: Police rescue five abductees in Ogun
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