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.
The Oyo State Police Command has arrested a suspected serial burglar, Nasiru Abiodun, over multiple burglary incidents in the Ejiooku/Iyana Offa area of Ibadan, recovering stolen property estimated at ₦16.22 million.
The Command disclosed this in a statement issued on Sunday, November 1, 2026, by its Police Public Relations Officer, DSP Ayanlade Olayinka.
According to the statement, the suspect was arrested on October 31, 2026, at about 9:45 a.m. following a report from concerned residents of Oyewole Zone 2, Ile-Igbon, in the Ejiooku/Iyana Offa area.
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Operatives of the Violent Crime Response Unit (VCRU), Maku Base, reportedly apprehended Abiodun at a residential apartment with a sack containing house cables and other valuable items estimated at ₦3 million.
During interrogation, the suspect allegedly confessed to burgling four different residential apartments within the area, carting away house cables, mobile phones, motorcycle batteries and other household valuables.
The police put the total estimated value of items stolen from the four apartments at ₦16.22 million, adding that some of the stolen property had already been recovered from the suspect.
Following his confession, operatives visited the identified crime scenes to establish relevant facts and advance the investigation.
The Command said efforts had been intensified to recover the remaining stolen items and apprehend other individuals suspected of receiving the stolen property.
It also appealed to residents of Ejiooku/Iyana Offa, Ile-Igbon and adjoining communities who may have experienced burglaries recently to report such incidents to the nearest police station or the Maku Base of the VCRU.
The appeal, according to the police, is aimed at identifying other possible victims and facilitating the recovery of additional stolen property.
The Commissioner of Police, Oyo State Command, CP Abimbola Ayodeji Olugbenga, reiterated the Command’s commitment to tackling criminal activities through proactive policing, intelligence-driven operations and collaboration with members of the public.
He also urged residents to remain vigilant and promptly provide credible information that could assist the police in preventing and detecting crime.
The police provided the Oyo State Call Response Centre toll-free number, 615, and the Command’s control room numbers, 08081768614 and 07055495413, for emergency reports.
The Nigerian Navy has uncovered 132,000 litres of stolen crude oil in Allison community, Bonny Local Government Area, Rivers State.
This was detailed in a statement by the Director of Naval Information, Navy Captain Abiodun Folorunsho, in which he disclosed that the Forward Operating Base Bonny discovered the stolen crude oil under Operation Delta Sentinel, following actionable intelligence.
He said the operation uncovered 10 dugout pits, adding that the site and the recovered products were handled in accordance with extant regulations.
“The operation reinforces the importance of intelligence-led action in identifying concealed petroleum stockpiles and disrupting the infrastructure that enables crude oil theft and the unauthorised movement of petroleum products.
“The Nigerian Navy will sustain efforts to locate and dismantle illegal refining infrastructure and disrupt the networks facilitating crude oil theft across the Niger Delta,” the statement said.
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The Navy urged community leaders, residents, traditional institutions and other stakeholders to promptly report crude oil theft, illegal refining, suspicious petroleum storage and the unauthorised movement of petroleum products to the nearest security agency.
Timely, credible information, the statement said, could enable swift intervention and prevent illicit activities from expanding.
“Safeguarding the nation’s critical petroleum assets requires vigilance and active cooperation between security agencies and the communities they serve. The Navy therefore urges the public to remain alert and support lawful efforts to protect national resources,” Folorunsho concluded.
The Delta State Police Command has arrested a 28-year-old school bus driver, Onome Lucky Ughagha, over the alleged kidnapping and sexual assault of a 14-year-old female student in Sapele, after reportedly collecting ₦503,000 in ransom from the victim’s father.
The suspect was arrested on October 23, 2026, following investigations into the incident, which was reported to the Sapele Area Command on October 20 by the victim’s father.
The statement was signed by the Police Public Relations Officer of the Delta State Command, SP Bright Edafe, and dated October 25, 2026.
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According to the police, the father alleged that the suspect abducted his daughter while she was preparing to leave for school. The suspect reportedly contacted him afterward, demanded ₦503,000 and threatened to kill the minor if the ransom was not paid.
After the payment was made, the victim was allegedly abandoned along Oton Road in Sapele, where she was reunited with her family in a traumatised condition, with indications of sexual assault.
Following the report, operatives of the Sapele Area Command commenced investigations, while the victim was taken to a medical facility for examination and treatment.
The police also invited the school’s principal and vice principal for questioning as investigations continued.
The suspect reportedly abandoned the school bus and fled after the incident. However, acting on credible intelligence, police operatives traced him to his hideout in the Ajimele area of Sapele, where he was arrested on October 23.
During preliminary interrogation, the suspect reportedly confessed to his involvement in the crime, according to the police.
The command said arrangements were underway to transfer him to the State Criminal Investigation Department in Asaba for further investigation.
Reacting to the incident, the Commissioner of Police in Delta State, CP Samuel E. Erale, condemned the alleged crime and reaffirmed the command’s commitment to protecting children from violence and exploitation.
The commissioner reiterated the command’s commitment to “protecting children from all forms of violence and exploitation.”
He also assured the public that “investigations will be thorough and that anyone found culpable will be brought to justice.”
Erale further called on school authorities, parents and transport operators to exercise greater vigilance in safeguarding children, stressing that “the safety of every child entrusted to their care must remain paramount.”
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