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Galadima Reacts As AMCON Takes Over His Abuja Residence, Company
The Asset Management Corporation of Nigeria (AMCON) on Tuesday took over the business premises and assets of Bedko Nigeria Limited belonging to Buba Galadima, a strong critic of President Muhammadu Buhari.
Mr Galadima, a former political ally of the president, has for years been one of the most vociferous critics of the administration.
A one-time Director-General of the Nigeria Maritime Agency (NMA) (1996 – 1998), Mr Galadima was appointed the National Secretary of the Congress for Progressive Change (CPC) formed in the run-up to the 2011 national elections.
He was one of the nine signatories that signed the merger agreement between some political parties that came together to form the ruling All Progressive Congress (APC), which President Buhari used as a platform for his election in 2015.
The political parties in the merger deal were the All Progressives Grand Alliance (APGA); Congress for Progressive Change (CPC); All Nigeria Peoples Party (ANPP) and Action Congress of Nigeria (ACN).
However, since the president’s election, his relationship with Mr Galadima appeared to have gone sour, with the latter emerging as the leading opposition voice against the administration’s policies and programmes.
On Tuesday, AMCON in a statement in Abuja said the Federal High Court in Abuja issued an order for it to take over Mr Gladima’s properties, including his private residence and company, over alleged N900 million indebtedness.
The order followed a ruling in suit No. FHC/ABJ/CS/1136/2019 against Bedko Nigeria Limited and Mr Galadima, AMCON said.
The spokesperson of AMCON, Jude Nwauzor, said the loan was sourced from Unity Bank Plc in 2011 during the first phase of Eligible Bank Assets acquisition.
“Since then, AMCON has offered the obligor a good measure of olive branches and explored all avenues to resolve the matter amicably. But the obligor, and his company, Bedko Nigeria Limited, have remained recalcitrant and unwilling to repay the huge debt to the Corporation,” Mr Nwauzor said.
AMCON listed the properties to include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory (FCT), Abuja and House No. 4, Bangui Street, Wuse 2 also in the high-brow area of Abuja.
AMCON said the enforcement of the order on the properties of Bedko Nigeria Limited and Mr Galadima is one of the many it would be undertaking this year since receiving additional powers from the president late last year.
An Inter-agency Committee on the recovery of AMCON debts was constituted by the President Buhari last year following the signing into law of the 2019 Amended AMCON Act.
The amendment gave AMCON additional powers to go after all obligors of the corporation no matter how highly placed in society.
Mr Nwauzor said AMCON would take all necessary actions, including asset take-over, liquidation, winding-up and garnishee proceedings against Bedko Nigeria Limited and its directors in line with the court judgment and relevant sections of the AMCON Act as amended.
Meanwhile, Mr Galadima has denied knowledge of the allegations of indebtedness against him and his company.
Meanwhile, Mr Galadima has said he and his company are not indebted to AMCON.
“I went to a bank in 2003 to sign for a loan. A letter of credit was opened for me to import fertilizer at that time. But the goods never came. The head office of the bank in America refused to honour the invitation because the Bank in question was under investigation by the FBI (Federal Bureau of Intelligence). I didn’t take one kobo from them. They didn’t even credit my own account,” he said.
Mr Galadima said the collateral was agreed to take effect two or three years after importation of the fertilizer began.
However, he said when AMCON took him to a high court over the money, he protested that he was not satisfied with the judgment and appealed.
He said he won the appeal and the court freed him.
“All this is an attempt to disgrace and break me down. But I am unbreakable and they can never silence me,” Mr Galadima said, blaming his travails to his political opponents.
“This is injustice and attempt to humiliate me. But, God will not let them. They sacked me and over 50 people that sleep in this apartment. We don’t know where to go. We will remain on the streets. We will remain on the streets until God provides another place for us.
“They will surely pay for disgracing and humiliating me publicly. I am going back to court,” Mr Galadima said.
Premium Times
Former Vice President Atiku Abubakar has called for an independent, transparent, and comprehensive investigation into the academic and professional credentials of all members of the Federal Executive Council (FEC), beginning with President Bola Tinubu himself.
Atiku’s call comes in the wake of the recent resignation of the former Minister of Innovation, Science and Technology, Uche Nnaji, over an alleged certificate scandal.
Following the controversy surrounding the authenticity of his academic qualifications, Nnaji tendered his resignation on Tuesday. He, however, maintains that his resignation is not an admission of guilt.
Reacting to the development in a post on his X handle on Wednesday, Atiku said the resignation of the former minister has “once again brought to light the deep moral crisis at the heart of the Bola Ahmed Tinubu administration.”
The former Vice President also questioned Tinubu’s own credentials, alleging that they have been the subject of controversy for decades. He, therefore, called for a thorough investigation into the credentials of all FEC members, starting with the President.
“This episode is not isolated. It is a reflection of a pattern — a rot that begins from the very top. The man who occupies the office of President, Bola Ahmed Tinubu, has for decades been enmeshed in controversies surrounding his identity, age, and academic records.
“From the Chicago State University saga to multiple contradictory claims under oath, the world has seen ample evidence that Nigeria today is led by a man who himself has been unable to credibly defend the authenticity of his own certificates.
“When a man of questionable identity leads a country, deception becomes the standard of governance. Tinubu’s personal history of alleged forgery and perjury has effectively institutionalized falsehood in public service.
“It is, therefore, unsurprising that his ministers and aides have taken after his example — falsifying documents, inflating records, and desecrating the moral foundation of our nation.
“I, therefore, call for an independent, transparent, and comprehensive investigation into the academic and professional credentials of all members of the Federal Executive Council, beginning with President Bola Ahmed Tinubu himself. Nigerians deserve to know the truth about those who preside over their lives and resources.
“Tuesday’s resignation of Uche Nnaji, Minister of Innovation, Science and Technology, has once again brought to light the deep moral crisis at the heart of the Bola Ahmed Tinubu administration.
“What should ordinarily be a matter of national shame is now being disguised as a ‘voluntary resignation’ — an attempt to whitewash yet another scandal that typifies the forgery-ridden character of this government,” Atiku said.
He condemned President Tinubu’s decision to allow Nnaji an honourable resignation rather than a dismissal.
“Let the truth be told: Uche Nnaji should not have been allowed the courtesy of resignation. He should have been summarily dismissed and prosecuted for deceit and falsification.
“By permitting him to quietly exit through the back door, the Tinubu administration has once again demonstrated that it is an assembly of forgers, impostors, and morally bankrupt individuals masquerading as public servants.”
Atiku also berated the Department of State Services (DSS), questioning how Nnaji’s alleged certificate scandal escaped detection during the screening process prior to his appointment.
“What makes this even more embarrassing is that the same Department of State Services (DSS), which screened out Mallam Nasir El-Rufai for alleged ‘security concerns’, is the very agency that cleared this same character, Uche Nnaji.
“The DSS truly deserves our flowers for this national disgrace. Their failure of due diligence has made Nigeria an object of ridicule before the world and raises the question: how many more such individuals are occupying sensitive positions in this government?”
President Bola Tinubu, on Tuesday, accepted Professor Mahmood Yakubu’s departure as chairman of the Independent National Electoral Commission (INEC) following the expiration of his second term in office.
Yakubu was first appointed in November 2015 as the 14th chairman of the commission for an initial term of five years.
The appointment, which was renewed in 2020, has now expired due to the passage of time.
President Tinubu thanked Professor Yakubu for his services to the nation and his efforts to sustain Nigeria’s democracy, particularly through the organisation of free and fair elections throughout his two-term tenure.
In recognition of Yakubu’s dedicated service to the nation, President Tinubu has bestowed on him the honour of Commander of the Order of the Niger (CON).
President Tinubu also directed that Professor Yakubu should hand over to the most senior national commissioner, May Agbamuche-Mbu, who will direct the affairs of the Commission until the completion of the process to appoint a successor.
In the letter dated October 3, 2025, Professor Yakubu thanked the President for the opportunity to serve the nation as chairman of the commission since 2015.
The Minister of Innovation, Science, and Technology, Geoffrey Uche Nnaji, has resigned his position following allegations of certificate forgery levelled against him.
President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, confirmed the resignation in a statement on Tuesday, saying the President has accepted the Minister’s decision to step down.
He added that “President Tinubu appointed Nnaji in August 2023. He resigned today in a letter thanking the President for allowing him to serve Nigeria.”
Onanuga further quoted the former Minister as saying he had “been a target of blackmail by political opponents.”
“President Tinubu thanked him for his service and wished him well in future endeavours,” the statement added.
