Crime
Oil Tycoon, Akintoye Akindele Remanded For $5.6m Fraud
Mr. Akintoye Akindele, the Managing Director and Chief Executive Officer (MD/CEO) of Duport Midstream Company Limited, found himself at the center of a legal storm on Friday, as he was ordered to be remanded in Kuje Correctional Centre over alleged involvement in a $5.6 million fraud case.
In a brief ruling, Justice James Omotosho directed Akindele to be remanded in the correctional centre until the completion of his bail process.
The court set the next hearing for March 20, during which it will review the documents confirming the bail previously granted to him.
According to the charge brought forth by the police, Akindele and Duport Midstream Company Limited are accused of diverting $5,636,397.01 and N73,543,763.25 belonging to Summit Oil International Ltd.
Between 2017 and 2021, Akindele and his company, the second defendant in the suit marked: FHC/ABJ/CR/570/2023, purportedly diverted funds received from Shell Western Supply and Trading Limited for their personal benefit.
On March 1, Justice Omotosho granted Akindele bail amounting to N750 million, insisting on two sureties who could meet the same financial threshold.
Justice Omotosho, stipulating stringent conditions for bail, mandated that the two sureties must possess landed property within the court’s jurisdiction, swear to an affidavit of means, and deposit their bank account statements with the court registrar.
Granting bail, Justice Omotosho emphasized that the defendant must fulfill all conditions by March 8.
Acknowledging the defendant’s previous bail from the FCT High Court, Justice Omotosho allowed him to maintain that bail until March 8.
However, he maintained that the defendant would be remanded if he failed to meet the conditions of the new bail by March 8.
Following the bail proceedings, Justice Omotosho adjourned the case until March 15 for the trial to commence. This decision came after Akindele was arraigned on a four-count charge by the Inspector-General (I-G) of Police.
During the subsequent hearing on Friday, the I-G’s lawyer, Mr. Simon Lough, SAN, informed the court that although the trial was scheduled to begin and three witnesses were present, he made an oral application to transfer the case to the Federal High Court in Lagos.
In response, Akindele’s lawyer, Chief James Onoja, SAN, opposed Lough’s oral application, stating his intention to provide a response to the request.
Justice Omotosho also intervened to correct the prosecutor regarding his oral application.
He said “Transfer is just not by oral application. There should be a motion on notice.
“There must be reasons for transfer and it must be by affidavit evidence and you will serve the other party for them to respond.
“If they agree with your reasons, that is that. But if they don’t agree, they have the right to say why it should not be taken to Lagos.”
Lough, however, contended that Section 22 of the FHC Act permitted a judge to transfer a case to a division with jurisdiction, even without a formal request.
Justice Omotosho clarified that while the court had the authority for such transfers, it typically occurred after hearing from all parties involved.
he added “It is not without the evidence of the other party,”
Onoja reiterated that during the previous hearing, the court clearly outlined that the trial would proceed. Despite the prosecution’s presence with their witnesses, they were now pushing for a transfer of the case.
Expressing concern over the fairness of this move, Onoja argued that it disadvantaged the defendant. He stated that he was fully prepared for trial and had not been informed of the prosecution’s intention for transfer despite ongoing communication with Lough.
Highlighting the case’s civil nature, Onoja pointed out that it had already been investigated in Lagos, with no incriminating findings against Akindele. He emphasized the irony of the prosecution initiating the charge and then seeking transfer.
Onoja concluded by informing the court that Akindele’s bail had been successfully secured.
But the judge informed Onoja that the defendant’s bail perfection documents were not in his possession.
Despite Onoja’s insistence that the documents were submitted to the court, he urged one of the registrars to confirm their existence in the court’s custody.
Initially reluctant to examine the documents, the judge eventually called for the file. Upon reviewing it, he noted that the bail was not perfected by March 8, as ordered by the court.
Justice Omotosho observed discrepancies, noting that while the sureties’ letter of introduction was dated March 13, the affidavit of means was dated March 11, three days after the specified deadline.
Expressing his leniency in light of the conditions of the earlier bail, the judge lamented the defendant’s failure to comply.
Akindele’s lawyer, however, appealed to the court not to issue an order for his client’s detention in the correctional center.
The judge was informed that the defendant was indisposed.
Consequently, the judge ordered Akindele to be remanded in Kuje Correctional Centre until the completion of his bail process.
The matter was adjourned until March 20 for the court to review the bail perfection and to hear the application for transferring the case to the Lagos division of the Federal High Court.
Crime
Police Probe PCRC Chairman Olaniyan Over Alleged ₦178m Financial Crimes
The Nigeria Police Force has commenced steps to investigate alleged financial crimes involving more than ₦178 million against the National Chairman of the Police Community Relations Committee (PCRC), Alhaji Mogaji Ibrahim Olaniyan, and other national executive officers of the organisation.
The allegations were contained in a petition submitted to the Inspector-General of Police on July 13, 2026, by the law firm of A.F. Obainoke & Co. on behalf of some elected national officers of the PCRC.
According to the petition, Olaniyan and some other national executive officers were accused of financial crimes involving more than ₦178 million.
SEE ALSO: IGP Disu Proposes New Police Desk for Nigeria’s Creative Economy, Intellectual Property
The petitioners said they were elected into various national positions in the PCRC in 2022, including the position of National Auditor, while Olaniyan was elected National Chairman and subsequently sworn into office.
In a letter dated July 20, 2026, the office of the Inspector-General of Police forwarded the petition to the Director of Legal Services of the Nigeria Police Force for appropriate action.
The letter, signed by CP Lateef Ahmed, Principal Staff Officer, conveyed the directive of the Inspector-General for the matter to be handled by the legal services department.
The document, according to the report, was received by the Directorate of Legal Services on July 28, 2026.
The latest development comes amid ongoing allegations and internal disputes surrounding the leadership of the PCRC under Olaniyan.
Previous Allegations
The development follows earlier allegations of financial mismanagement and accountability concerns within the organisation.
In March, some PCRC members reportedly accused Olaniyan of failing to account for more than ₦20 million allegedly generated from registration fees for the organisation’s 2026 national leadership workshop.
Sources cited in the report claimed that more than 2,000 PCRC members registered for the workshop at ₦12,000 each in January and February 2026.
The report also alleged that the organisation had not conducted a comprehensive audit of its national accounts for more than three years.
Another PCRC controversy emerged in 2023 when an eight-member committee was reportedly constituted to investigate allegations involving ₦60.3 million allegedly embezzled by the chairman.
A document cited in the report indicated that the committee confirmed that ₦60.3 million had been realised by the PCRC and reviewed expenditure records, with an alleged balance of approximately ₦1.4 million.
The committee reportedly recommended measures including greater financial discipline, limiting the chairman’s powers and ensuring compliance with the organisation’s constitution.
PCRC Election Controversy
The latest allegations also come amid disputes over internal elections within the PCRC.
In July, the Assistant Inspector-General of Police in charge of Zone 13, AIG Godwin Iguh Eze, reportedly postponed a PCRC Zone 13 election over alleged procedural issues.
The police said nomination forms had not been made available to the AIG or the Zonal Police Public Relations Officer, while contestants had also not been screened by the AIG or members of the Zonal Management Team.
Sources further alleged that Olaniyan had sought to influence the electoral process, although he reportedly did not respond to attempts to obtain his reaction.
Meanwhile, sources within the PCRC reportedly claimed that Olaniyan is seeking another tenure as National Chairman ahead of the November 29 election.
Crime
EFCC Arrests Enugu Estate MD Over Alleged N128m Land Scam
Operatives of the Enugu Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested Basil Iwoba Ochili, Managing Director of Debasilio Construction and Estate Development Limited, over alleged fraudulent activities involving N128 million.
The EFCC disclosed this in a statement posted on its official X account on Wednesday.
According to the commission, Ochili was arrested for allegedly using his company for fraudulent activities, including “obtaining by false pretence to the tune of N128,000,000.00 (One Hundred and Twenty-eight Million Naira).”
SEE ALSO: EFCC Warns Lawyers Against Charging Clients in Foreign Currencies
The EFCC said Ochili was arrested based on a claim by a petitioner who alleged that sometime in September 2022, the suspect falsely presented himself as the owner of five plots of land situated beside Anambra State Secretariat by Stamford Hotel, Aroma Junction, Awka, Anambra State, and falsely offered the property for sale.
“Relying on the suspect’s representation, the petitioner purchased the said plots in the sum of N128,000,000.00 (One Hundred and Twenty-Eight Million Naira), which was paid into the suspect’s company account,” the EFCC said.
However, the commission said the petitioner was unable to take possession of the land.
Preliminary investigations, according to the EFCC, showed that the suspect knew that the land “encroached on Anambra State Government Secretariat’s land” but allegedly went ahead to sell it to the petitioner.
The commission further said that instead of refunding the petitioner’s money, Ochili “offered him two dud cheques.”
“Further preliminary investigations showed that the suspect used part of the money to settle his debts,” the EFCC said.
The commission also stated that Ochili’s company, Debasilio Construction and Estate Development Limited, “has never been tax compliant.”
The EFCC said the suspect will be charged to court after investigations are concluded.
“The suspect will be charged to court as soon as investigations are concluded,” the commission stated.
Crime
FHC Hands 10 Years Sentence to Nine Oil Thieves in Akwa Ibom
The Federal High Court (FHC) sitting in Uyo, Akwa Ibom State, has sentenced nine convicted crude oil thieves to 10 years in prison without an option of fine following a joint intelligence-led operation by the Department of State Services (DSS) and the Nigerian Navy (NN).
The convicts were among 19 suspects arrested earlier this year after security operatives caught them allegedly stealing crude oil from an oil well head identified as Asabo-D in Ibeno Local Council of the state.
READ ALSO: DPRP to Favour Small Investors in Event of IPO Oversubscription
Delivering judgment on Monday, Justice Joy Ikpeme found the nine men guilty on a two-count charge of conspiracy and tampering with an oil pipeline, contrary to Section 1(7) of the Miscellaneous Offences Act.
The judge sentenced each of them to five years’ imprisonment on the first count and 10 years on the second count, with no option of fine. The sentences are to run concurrently.
The remaining 10 suspects arrested during the operation are expected to face further legal proceedings.
The arrests followed an intelligence-led operation conducted by the DSS in collaboration with the NN as part of efforts to disrupt crude oil theft and illegal bunkering activities in the oil-producing communities of Akwa Ibom.
The conviction was described by a security source as another significant step in the sustained campaign against oil theft, particularly along Nigeria’s maritime and riverine areas.
According to the source, crude oil theft and illegal bunkering have continued to deprive the country of vital oil revenue while inflicting serious environmental damage on host communities.
The source said the latest conviction underscored the determination of security agencies to ensure that those involved in the theft of the nation’s crude resources are brought to justice.





