
News
Alleged Coup plot: N11 billion found in detained colonel’s bank accounts
Military intelligence traced about N11bn to the bank accounts of a colonel detained over the alleged coup plot involving some senior military officers.
Top-level security sources revealed that the discovery connected the detained officer to the alleged coup.
According to an officer familiar with the investigation, the colonel, who served directly under a brigadier general now also under probe, had previously been deployed in the Niger Delta region.
“When interrogated, the colonel claimed that the funds belonged to a former governor, whom he described as his business partner. He insisted that the money was meant for a legitimate business transaction,” the source said.
How probe unfolded

It was learnt that the ongoing probe is part of a wider investigation that began after intelligence reports in August 2024 suggested that some serving military officers were allegedly plotting to overthrow the government.
Security sources disclosed that the Defence Intelligence Agency began tracking communications, financial movements, and foreign contacts linked to the suspects months before any arrests were made.
“The coup plotters have been under the radar since August 2024, when the service got wind of the plot. They mapped out three different times to strike, two of which were the June 12 Democracy Day and the October 1 Independence Day this year,” a source said.
“They met in the UK and Turkey this year. But the DIA was patiently gathering facts and evidence before swooping on them.”
DIA’s intervention
Intelligence gathered during surveillance reportedly led to a review of presidential movements.
Security sources said President Bola Tinubu’s frequent stays in Lagos and his reduced presence in Abuja were partly influenced by ongoing security assessments at the time.
“The first countermeasure taken was to divert the President’s movement in recent times,” one source noted.
“There was credible intelligence that they would execute the coup operation on October 1, and that was why the Independence Day celebration was cancelled. It was an operation that lasted for over a year, since August last year. But the service was ahead of them because they had access to their communications.”
Service chiefs’ sacking
Last Friday, President Tinubu dismissed all the service chiefs and replaced them.
It was gathered that the removal of the former Chief of Defence Staff, Gen. Christopher Musa, was partly due to a public statement issued by the Defence Headquarters confirming the arrest of 16 officers.
The disclosure was described as a “management error.”
A credible security source said, “Information about the arrest of the 16 officers shouldn’t have been in the public domain,” a source said.
“The management of the situation was essential because they didn’t want people to have justification for the plot. The international community might begin to misinterpret the situation. The fact that the Chief of Defence Staff was careless by disclosing that they arrested 16 officers was a bad approach to management. That carelessness necessitated the change of the service chiefs.”
The source noted that the move to dismiss all the service chiefs at once was meant to mask the disciplinary intent and prevent speculation that Musa alone was being punished.
Muted public reactions
Although the Defence Headquarters denied any coup attempt, insisting that the arrested officers were only undergoing internal scrutiny, ongoing DIA operations have continued to suggest otherwise.
Two weeks ago, online platform Sahara Reporters reported that 16 military officers were detained in connection with a coup plot.
Since then, further arrests and raids—including the Tuesday search of the Abuja residence of former governor and ex-Minister of State for Petroleum, Timipre Sylva—have been linked to the same investigation.
A report by Premium Times, which revealed the identities of the alleged coup plotters, showed that 15 of the detained military personnel are from the northern parts of the country.
Their states of origin include Nasarawa, Niger, Bauchi, Kaduna, Plateau, Gombe, Katsina, Jigawa, and the Federal Capital Territory.
A security source said the restrained communication from the authorities was to prevent political tension and ethnic suspicion within the military hierarchy.
Officials are said to be cautious about publicising the regional identities of the suspects, which could be misinterpreted as a targeted move against northern officers and could further destabilise the already sensitive power balance in the armed forces.
Meanwhile, the Nigerian Air Force has approved the redeployment of some senior officers to key command and staff positions.
A statement on Friday said it was part of efforts to enhance operational efficiency and align NAF structure with the leadership vision of the new Chief of the Air Staff, Air Marshal Sunday Aneke.
No fewer than 19 officers received new appointments, while six others were posted to various defence and inter-service establishments.
The statement, issued by the Director of Public Relations and Information, Air Commodore Ehimen Ejodame, said the restructuring was aimed at improving decision-making, strengthening coordination across units and commands, and reinforcing readiness in response to current security challenges.
Aneke’s decision to reshuffle senior officers comes just a day after his counterpart in the Nigerian Army also announced a major reorganisation of top commanders. (Sunday PUNCH)
News
UBA Commences Contempt Proceedings Against WEMPCO Directors over Alleged Disobidence of Court Order
The Federal High Court, presided over by Honourable Justice Aluko, has granted an application by United Bank for Africa (UBA) Plc for substituted service of Form 49 on directors of Wempco named as alleged contemnors in the case of UBA v. Wempco.
The application forms part of proceedings seeking to determine whether the named individuals disobeyed an order of the court and whether they should be committed to prison for contempt.
The directors named as alleged contemnors are Lewis Shui Ngor Tung, Phillip Shui Chei Tung, M.A. Ola Yusuf, Tung Lawrence Blake, Aali Aare Hadji Tokunbo, Paul Shui Po Tung, Tung Robert, C.L. Ip and Taiwo Alli.
In advancing the application, counsel to UBA argued that service of Form 49 on the alleged contemnors was necessary to enable them to appear before the court and show cause why an order of committal should not be made against them.
He also argued that the Directors of Wempco and some members of staff took illegal steps in an attempt to disobey the Order of Court.

The court’s decision to grant substituted service provides a procedural step towards bringing the notice to the attention of the individuals concerned in accordance with the court’s directions.
Form 49 is a notice requiring an alleged contemnor to show cause why an order of committal to prison should not be made against them for alleged disobedience of a court order.
The Federal High Court had earlier made an Order of Mareva Injunction and appointed a Receiver/Manager over some of the Assets of Wempco following the indebtedness of Wempco to UBA in the sum of N61,445,695,993.76 (Sixty One Billion FourHundred and Forty-Five Million Six Hundred and Ninety Five Thousand, Nine Hundred and Ninety Three Naira, Seventy Six Kobo).
News
$242m Petroleum Products Diversion Claim: UBA Secures Court Order Against Vitol, Four Others
A Lagos State High Court has granted interim preservative orders, including a Mareva injunction, in favour of United Bank for Africa (UBA) Plc in a dispute involving the alleged diversion of petroleum products valued at $242 million.
The orders, granted last Thursday by Justice K. A. Jose, followed allegations by UBA that Vitol SA, a Switzerland-based energy trading company, wrongfully released cargoes of petroleum products consigned to the bank in the bills of lading.
UBA’s lead counsel, Bode Olanipekun, SAN, urged the court to grant the interim orders to preserve assets and prevent the dissipation of funds pending the determination of the substantive dispute.
In her ruling, Justice Jose granted three of the prayers sought by the bank, including requests to restrain dealings with assets and funds up to the disputed amount.
“Prayers 1–3 are granted as prayed against the 2nd Respondent only,” the judge ruled.

The application was brought pursuant to Order 43 Rule 1 of the High Court of Lagos State (Civil Procedure) Rules 2019 and the Lagos State High Court Practice Direction No. 2 of 2019.
In the substantive proceedings, UBA is seeking to establish the liability of Vitol SA and the owners of the vessels over alleged conversion, misrepresentation and negligence arising from the non-delivery of the petroleum products.
The bank also cited 34 financial institutions and public agencies, including commercial banks, merchant banks, microfinance banks, the Nigerian Ports Authority and the Nigeria Customs Service, in connection with the application.
In an affidavit supporting the application, UBA’s Group Head of Recoveries and Remedial Management, Anthony Chilaka, stated that the bank had issued a letter of credit in favour of Vitol SA to facilitate petroleum products transactions.
According to the affidavit, the cargoes were transported to Nigeria, and the masters of the vessels issued several bills of lading.
UBA alleged that Vitol subsequently endorsed the bills of lading “to the order of” the bank and handed over the original documents to it.
The bank maintained that the endorsement entitled it to take possession of the cargoes upon completion of the voyages.
However, Chilaka stated that UBA had not received the gasoil despite the completion of the voyages.
“The applicant has not been given possession of the gasoil despite completion of the voyage,” the affidavit stated.
UBA alleged that the cargoes were instead diverted for the use of another party, arguing that the failure to deliver the products amounted to conversion and negligence.
The bank further contended that the respondents had obligations arising from the transactions and the endorsement of the shipping documents but failed to fulfil them.
UBA also alleged that cargoes linked to the transactions were diverted to other parties after the completion of their voyages rather than delivered to the bank as stipulated in the shipping documents.
The allegations are expected to be determined in the substantive proceedings.
News
Enugu CP Warns Officers Against Extortion, Degrading Treatment of Citizens
The Commissioner of Police in Enugu State, Mr Mamman Giwa, has warned police officers against degrading treatment of citizens, extortion and other forms of unprofessional conduct.
Giwa gave the warning on Wednesday during an emergency conference with senior officers at the Senior Police Officers’ Mess, Agbani Road, Enugu.

He also directed senior and supervisory officers to strengthen oversight of personnel and improve security management for political and election-related activities ahead of the 2027 General Elections.
The commissioner said the conference followed directives issued by the Inspector-General of Police, Mr Olatunji Disu, during a virtual strategic meeting with senior officers on October 20.

According to him, the I-G emphasised professionalism, compliance with the Nigeria Police Force’s social media policies, adapting policing to contemporary realities, respectful treatment of citizens, and effective management of political activities and election security.
“It is clear that officers cannot effectively discharge their policing responsibilities without treating citizens with respect and conducting their duties in accordance with extant laws and established professional standards,” Giwa said.
He charged senior officers to take responsibility for the conduct of personnel under their supervision, warning that any officer found engaging in misconduct would face the consequences.
The conference also featured a health talk on the Ebola virus, focusing on its symptoms and preventive measures.
Those in attendance included Deputy and Assistant Commissioners of Police, Area Commanders, Divisional Police Officers, heads of formations, tactical and operational units, and heads of various sections of the Enugu State Police Command.
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