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From Public Funds To Power Grabs: How Timipre Sylva Allegedly Used State Resources To Back A Failed Coup!
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Allegations of Coup Financing: Investigation records assembled for the prosecution of individuals accused of participating in an alleged 2025 plot to overthrow President Bola Tinubu have implicated former Bayelsa State governor and ex-Minister of State for Petroleum Resources, Timipre Sylva.....KINDLY READ THE FULL STORY HERE▶
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Denial of Involvement: The allegations against Sylva have not been tested or proved in court, and the former minister has previously denied any involvement, dismissing the reports as unfounded rumors.
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Financial Trails and Funds: According to the investigation report, funds totaling billions of naira—including payments from the Niger Delta Development Commission (NDDC) and bank loans—were allegedly funneled through corporate accounts and Bureau de Change operators to finance the planned conspiracy.
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Company and Collateral Links: Investigators alleged that Abuja-based company Purple Waves Limited was used to manage and disburse funds, with properties linked to Sylva reportedly pledged as loan collateral.
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Arrests and Ongoing Legal Proceedings: The plot allegedly collapsed following the arrest of the suspected leader, Col. Mohammed Ma’aji, in late 2025, leading to subsequent charges against several military officers, civilians, and associates.
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The Presidency defended President Bola Ahmed Tinubu’s economic reforms against criticisms from former Vice-President Atiku Abubakar, asserting that the administration’s policies are yielding positive outcomes despite early hurdles.....KINDLY READ THE FULL STORY HERE▶
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Outdated Data Response: Special Adviser on Information and Strategy Bayo Onanuga dismissed Atiku’s criticisms as relying on obsolete 2024 economic indicators rather than reflecting dynamic progress.
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GDP Growth Claims: The Presidency highlighted that the dollar-denominated GDP rose significantly, alongside an increase in the economy’s naira value.
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Debt Sustainability: Officials maintained that Nigeria’s debt-to-GDP ratio remains manageable at roughly 40 per cent compared to other nations.
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Subsidy Removal Impact: The administration stated that fuel subsidy removal has boosted revenue allocations to state and local governments for infrastructure and social projects.
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Tax and Revenue Clarifications: The government defended its tax overhaul as a measure to ease the burden on low-income earners while refuting claims of an alleged ₦7.98 trillion oil windfall.
Former Joint Admissions and Matriculation Board (JAMB) Registrar, Professor Ishaq Oloyede, revealed during a news Live interview that he spent the final 24 hours with pro-democracy campaigner Kudirat Abiola prior to her 1996 assassination.....KINDLY READ THE FULL STORY HERE▶
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Reluctance Over Memoirs: Oloyede explained that he has no current plans to write an autobiography because doing so would require him to share sensitive historical details that could cause confusion, spark controversies, or reopen old disputes.
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Historical Significance: Reflecting on the tumultuous period following the annulled June 12, 1993 presidential election, he noted that some secrets and experiences from his time in public service are better left unwritten to avoid stirring unnecessary trouble.
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SECRET AGENCIES EXPOSED: Adeyemi Drops Blockbuster Names Behind PFIPC’s Controversial Creation!.
Prince Adeniyi Adeyemi Matthew, the self-styled head of the controversial Presidential Foreign Investment Promotion Council (PFIPC) currently held in police custody, has denied acting alone in establishing the disputed body. Through his legal defense team led by Festus Akhigbe, Adeyemi asserted that multiple federal institutions officially engaged with and processed documents for the council over time.....KINDLY READ THE FULL STORY HERE▶
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Demand for Fair Hearing: The legal team has formally requested that the House of Representatives ad hoc committee, chaired by Yusuf Gagdi, grant Adeyemi administrative clearance to testify in person to protect his constitutional right to a fair hearing.
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Alleged Institutional Involvement: The defense claims that various offices—including the Office of the Secretary to the Government of the Federation, the Office of the Accountant-General of the Federation, the Central Bank of Nigeria, and the Office of the Head of the Civil Service of the Federation—facilitated office space allocation, administrative budget codes, staff postings, and recruitment waivers for hundreds of personnel.
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Additional Agency Interactions: The statement asserts that other bodies like the Economic and Financial Crimes Commission and national security architecture heads also interacted with or allocated properties to the council.
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Call for a Broad Audit: Arguing that an individual could not bypass state machinery without institutional backing, the lawyers contend that Adeyemi is being used as a scapegoat and are calling for a transparent, multi-stakeholder panel to audit the complete paper trail across all involved ministries and departments.
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