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Court sends oil magnate to prison for diverting $26m refinery fund

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A Federal High Court sitting in Abuja has remanded the Founder and Chairman of Platform Capital Investment Partners Limited, Akindele Akintoye, in Kuje Correctional Centre.

Justice Emeka Nwite gave the order shortly after Akintoye was arraigned by the Economic and Financial Crimes Commission (EFCC) on allegations bordering on the diversion of $26,060,406 meant to build a refinery in Brass, Bayelsa State, on Tuesday, December 24, 2024.

Justice Nwite, who adjourned the matter until December 31, directed Akintoye to remain in the correctional centre pending the hearing and determination of his bail application.

The EFCC had sued Akintoye, Platform Capital Investment Partners Limited, and Duport Midstream Company Limited, where he is also the Managing Director and CEO, as first to third defendants, respectively.

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The anti-graft agency, in the charge marked: FHC/ABJ/CR/641/V/2024 dated and filed on December 19 by its lawyer, Ekele Iheanacho (SAN), preferred four counts against the trio.

Akintoye and Platform Capital Investment Partners Limited were alleged to have, between December 2020 and February 2021, indirectly retained $16 million.

The amount, the EFCC said, was part of the funds dishonestly converted from the money paid by the Nigerian Content Development and Monitoring Board (NCDMB) Capacity Development Intervention Company Limited to Atlantic International Refinery and Petrochemical Limited as investment.

The said sum of $16,006, 000 is alleged to constitute proceed of unlawful activity.

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The offence, EFCC said, is contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 (as amended) by (Act No. 1 of 20!2) and punishable under Section [5(3) of the same Act.

In count two, Akintoye and Platform Capital were alleged to have between December 2020 and January 2021 indirectly used the aggregate sum of $9,048,725 being part of the funds dishonestly converted from the money paid by the NCDMB Capacity Development Intervention Company Limited to Atlantic International Refinery and Petrochemical Limited as investment.

The said sum of $9,048,725 was said to constitute proceeds of unlawful activity and the offence was contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 (as amended) by (Act No. 1 of 2012) and punishable under Section 15(3) of the same Act.

In count three, Akintoye and Duport Midstream Company Limited were alleged to have, sometime in March 2021, retained the sum of $785,681 being part of the funds dishonestly converted from the money paid by the NCDMB Capacity Development Intervention Company Limited to Atlantic International Refinery and Petrochemicals Limited as investment.

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The sum was said to constitute the proceed of unlawful activity.

The offence, the EFCC said, is contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 (as amended) by (Act No. 1 of 2012) and punishable under Section 15(3) of the same Act.

The EFCC, in count four, accused Akintoye and Duport Midstream of allegedly retaining the sum of $220,000 being part of the funds dishonestly converted from the money paid by the NCDMB Capacity Development Intervention Company Limited to Atlantic International Refinery and Petrochemical Limited as investment.

The money was said to be proceed of unlawful activity and the offence is contrary to Section 15 (2) (d) of the Money Laundering Prohibition Act, 2011 (as amended) by (Act No. 1 of 2012) and | punishable under Section 15(3) of the same Act.

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After the charge was read to Akintoye, he and on behalf of the companies, pleaded not guilty to all the counts.

The EFCC’s counsel, Iheanacho, prayed the court for a trial date and urged the court to remand Akintoye in a correctional centre after the non-guilty plea by the defendants.

The defence lawyer, Emmanuel Esedo, told the court that a bail application on Akintoye’s behalf had been filed.

The lawyer, who said the application was filed on December 23, sought the leave of the court to move the motion.

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Iheanacho, however, opposed the submission.

After a lengthy argument by the prosecution and the defence lawyers, Justice Nwite agreed with Iheanacho’s submission.

The judge subsequently adjourned the matter until December 31 for the hearing of the bail application.

He ordered Akintoye to be remanded in Kuje Correctional Centre pending the hearing and determination of the application.

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TES Community, NSIBIDI Project and Armstrong Agoreyo Host Successful Art Exhibition in Derby

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By Kayode Sanni-Arewa

The recently concluded art exhibition Light in the Shadows: Stories of Hope, hosted at Banks Mill Studio, Derby, United Kingdom, has been hailed as a resounding success. Organized by TES Community and the NSIBIDI Project, with visionary contributions from Armstrong Oke Agoreyo, the three-day event drew nearly 200 attendees, showcasing the transformative power of art in fostering empathy, inclusion, and resilience.

The exhibition, which celebrated the creativity and resilience of individuals with Special Educational Needs (SEND), owes much of its success to Armstrong Oke Agoreyo.

As the Coordinating Artist, Armstrong not only conceptualized the exhibition’s theme but also played a pivotal role in bringing it to life.

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He approached both TES Community and the NSIBIDI Project with the idea, tirelessly managing the participating artists and curating an impactful collection of works that highlighted the diversity of Derby’s artistic talent, particularly from minority communities. His leadership underscored the ability of art to bridge divides and create meaningful connections.

“Armstrong’s dedication to this project was extraordinary,” said Akindayo Akindolani, Executive Director of TES Community.

“From gathering award-winning artists to ensuring that the exhibition truly represented the voices of resilience and hope, his efforts have left a lasting impact.”

The exhibition featured some of Derby’s finest talents, including Armstrong himself, alongside Ayodeji Kingsley, Chike Felix Uzoka, Ed Heron, and Orinsunayo Akinniran.

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Their works explored themes of healing, transformation, and identity, resonating deeply with attendees.

Notably, the exhibition also included Dan Webber, an award-winning Derby-based poet and producer, whose live poetry performances added a captivating auditory element to the visual showcase.

Among the standout stories was that of Clef Skyers-Aakerstrom, whose artistic journey began after a life-altering accident. Her work became a symbol of healing and transformation, inspiring attendees and reminding them of the power of resilience.

Reflecting on the success of the exhibition, Armstrong shared:
“This exhibition was a labor of love. I am deeply grateful to the artists, TES Community, and the NSIBIDI Project for believing in the vision and for working tirelessly to make it a reality. Seeing the impact on the attendees and the connections forged through the art has been incredibly rewarding.”

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The event also laid the groundwork for future initiatives.

Building on its success, TES Community and the NSIBIDI Project announced plans to launch free art workshops and online training for young people in early 2025, aiming to empower creativity and support personal growth within the community.

The overwhelming success of Light in the Shadows: Stories of Hope has cemented its legacy as more than just an exhibition. It was a platform for storytelling, a celebration of resilience, and a call to action for inclusion and creativity, driven by the vision and determination of Armstrong Oke Agoreyo and the collaborative spirit of all involved.

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BREAKING: Gunshots As Gunmen Abduct Anambra Lawmaker Returning Home For Christmas

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By Kayode Sanni-Arewa

The Anambra State Police Command has confirmed the abduction of Mr. Justice Azuka, a member of the Anambra State House of Assembly representing Onitsha North Constituency.

Azuka was reportedly kidnapped on Tuesday night, December 24, 2024, along Ugwunapampa Road in Onitsha while returning home.

In a statement, Police Public Relations Officer Tochukwu Ikenga revealed that the Command has “activated operational plans for the possible rescue and arrest of the kidnappers.”

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According to Ikenga, Azuka was taken around 9:20 pm by unidentified gunmen, and the police are working on some leads to facilitate his rescue.

The incident has heightened concerns about the growing insecurity in the region, particularly the spate of kidnappings targeting public figures. Residents of Onitsha have expressed fear over the safety of the area, calling for increased security measures. Authorities have urged the public to remain calm and cooperate by providing any information that could assist in locating the lawmaker and apprehending the perpetrators. As the investigation continues, the Anambra State Government has yet to issue an official statement on the incident.

This abduction marks another troubling development in the ongoing battle against insecurity in Nigeria, further underscoring the need for robust measures to protect citizens and public officials

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Christmas day tragedy: Many feared dead as Nigerian Military Jet Bombs Sokoto Communities In Error

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By Kayode Sanni-Arewa

A fighter jet targeting the notorious Lakurawa terrorist group has mistakenly bombed two communities in the Silame Local Government Area of Sokoto State, leaving many feared dead and several others injured.

The tragic incident occurred in the wee hours of Wednesday, December 25, 2024, affecting the villages of Gidan Sama and Rumtuwa. Villagers Caught in Airstrike.

Eyewitness accounts reveal that the villages, situated near the Surame Forest—a known hideout for Lakurawa terrorists and bandits—were unintentionally targeted during the airstrike. Residents described the moment bombs started dropping on the peaceful communities, catching the villagers unawares.

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A source revealed that at least 10 people had been confirmed dead, while others sustained varying degrees of injuries.

Local officials, however, are still working to assess the full extent of the casualties and damage.

The chairman of Silame LGA, Alhaji Abubakar Muhammad Daftarana, expressed his deep sorrow over the incident.

“The villagers were innocent and peace-loving people with no criminal records.

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“We are still assessing the development and cannot yet confirm the exact number of casualties,” Daftarana stated.

The Sokoto State Police Command has declined to comment on the incident, stating it was not a police operation.

Rising Concerns Over Lakurawa Terrorist Group The Lakurawa group has been linked to increasing attacks in the northern region of Nigeria, prompting calls for a specialised paramilitary force to counter their activities.

Prominent Islamic cleric Sheikh Ahmad Gumi recently urged the federal government to prioritise action against the group, describing their growing presence as a significant security challenge.

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