Metro
Opinion: OMS: The Missing Links in Hosa Okunbo’s Tale
By Anthony Badmus
Ordinarily, the attempt by Captain Hosa Okunbo to obfuscate the real issues and confuse the public through a massive manipulative media onslaught should be dismissed as a desperate and futile effort to clean his Augean stable. However, the inept and unskillful manner of his media campaign has only revealed to the discerning mind the missing links and his deliberate attempt to sidestep, if not totally avoid, addressing the substance of the issues in contention.
The issues in contention are crystal clear and unambiguous. The deliberate and orchestrated campaign to demonise Tunde Ayeni, a major investor and co-founder of Ocean Marine Services Ltd has failed to achieve its intended purpose but has rather resulted in leaving people wondering why the substance of the critical issues recently brought to fore in the public domain have been intentionally left unattended to.
Captain Okunbo wants Nigerians to believe that Tunde Ayeni has irrationally relinquished his shares in Ocean Marine Services to him. His claims are premised on an illogical notion that a highly discerning and successful entrepreneur such as Tunde Ayeni sold the totality of his over 30% equity stake in OMS, a multi-million dollar going concern valued well in excess of US$100 million, for a paltry sum of N2 billion (US$4.5 million) and a little change. He wants the corporate Nigeria to buy into the false narrative that a business strategy aimed at ensuring that huge debts owed the company was recouped was actually a forfeiture of investment decision, thereby resulting in a situation where he, Okunbo, has become the absolute Lord of the OMS Manor, whilst the man whose idea and contacts gave birth to the investment can take a dive.
However, it is common knowledge that deception has its limits and treachery has its expiry date. Discerning corporate players are not taken in by Okunbo’s wasteful media antics and the attempts to give a bad name to the one on whose back he rode to wealth and stardom. Assuming, without conceding, that his erstwhile Partner’s investments are now his in return for the proverbial bowl of pottage, a la Essau, does that, in any way, extinguish the critical corporate issues bordering on the illicit diversion of OMS’s corporate revenues that Okunbo has been called out to address?
Many still wonder what type of media battle is this that fails to address the salient issues that could clear his name once and for all, provoking the question: “Why is Okunbo dodging confronting the real issues?”
The critical issues here are gross mismanagement, stealing and criminal diversion of company funds. This matter is fundamentally about the abuse of business ethics and corporate governance for selfish ends.
Why is Okunbo maintaining a deafening silence on the allegation of the unauthorised withdrawal of $10 million allegedly spent on settling a Senate Hearing on one of the Subsidiary Companies, Secured Anchorage Area, SAA? When did the Board sit to approve such bizarre expenditure and on what basis?
Why is the recently deposed King Maker of Edo State Politics not in town to address the issue of the alleged illegal withdrawal of $8 million allegedly and supposedly spent on the Presidency, whatever that means. That withdrawal, which is what EFCC is currently investigating, was claimed to be funds withdrawn to take care of the dispute between the company and Ministry of Transportation and the Nigeria Ports Authority, NPA.
Why is this self-acclaimed Lord of the OMS Manor with intimidating resources to buy all available media spaces and pages not addressing the gross allegation of diverting $5.5 million, being the proceeds of the sale of the company’s Challenger Aircraft, to his personal farm in Benin?
And this is not all. The EFCC is also beaming its searchlight on the company’s $5 million, which Okunbo allegedly singlehandedly withdrew and claimed to have invested in an oil block owned by Star Oil as a 5 per cent stakeholder.
Another key issue that will engage the attention of the anti graft agency is the $1 million which the Captain allegedly claimed to have borrowed from the company but which he has refused to pay back.
The alleged infractions are legion. How does one justify a claim by a company Chair that he expended $30 million on a film on Oil Spill in the Niger Delta Region and expect investors and, even the long suffering Niger Delta people to be excited?
But the mother of all infractions appears to be Okunbo’s recent political misadventure in Edo State where he threw in an intimidating war chest which unfortunately yielded a colossal failure. An unspecified amount of money estimated at about $18 million allegedly withdrawn from the company’s account, was said to have been expended on that costly political misstep.
The EFCC definitely has its job clearly cut out for it in respect of the many infractions at OMS.
Okunbo will be explaining to the anti graft agency why he singlehandedly moved the company’s account from Polaris Bank to StanbicIBTC and thereby abandoning the loan repayment commitment by the company to the consortium of banks that funded the acquisition of Ibadan and Yola Electricity Distribution Companies. The loan currently is about $100 million.
As damning and mind boggling as these issues are, corporate watchers find it strange that at OMS’ so-called Board meeting of December 17 2020, the Board could only have a one line response to the issues raised as follows: “…that its accounts are in good and correct order and its funds are intact and not missing, misappropriated or otherwise mismanaged.” Of course, the so-called Board members are his minions and those with insignificant stakes in the company.
That the ‘Board’ could take such major issues bordering on corporate governance and accountabily with such levity and treat Nigerians with such disdain speaks to the mindset of this Lord of the Manor who must have convinced himself that he could get away with any infractions since, in his worldview, everything and everyone has got a price.
But the day of reckoning draws closer and it is just a little more time before Nigerians will find out that some gods truly have feet of clay.
Operatives of the Zone 2 Command Headquarters, Onikan Lagos under the leadership of the Assistant Inspector General of Police, AIG Adegoke M. Fayoade, have arrested a suspected cult member and members of a human trafficking syndicate.
A statement by the Zonal Public Relations Officer, CSP Ayuba Ummah, and made available to the National Association of Online Security News Publishers (NAOSNP), stated that intelligence at the disposal of the AIG about the criminal activities, hideout and plans of suspected members of EIYE FRATERNITY terrorizing Ijebu-Ife axis of Ogun State led to the deployment of the Officer-in-charge of Zonal Dragon Squad II (ZDS-II) led by DSP Akeem Adeyemi and team for a discrete operation.
While noting that investigation is on-going and suspects will be charged to court upon completion of investigation, the statement detailed the situation and the process of arrest as follows:
“On 19/03/2025, the hideout of the said cult group was raided while planning an attack where one Orekoya Abayomi ‘m’ aged 54yrs was arrested as others escaped through nearby bush. He led the team to his residence where the following items were recovered:
1. One (1) locally made Single Barrel Pistol,
2. Six (6) Live Cartridges,
3. Twenty-One (21) Voter’s Cards with different names (suspected to be fake) and
4. One (1) Emerald Pump Action Gun with Breach No. 1335.
“Subsequently, a syndicate of human traffickers led by one Stella Edem operating in Ipaja/Ayobo area of Lagos State was bursted on the 22/3/2025, by Operatives of Zonal Intelligence Response Squad (ZIRS) led by SP Francis Kpoughul as they stormed their base at Command Meran Area of Lagos, where one Stella Edem ‘f’ and Susan Michael ‘f’ were arrested.
“Stella Edem ‘f’ confessed to the crime adding that she was introduced to one Anabel ‘f’ who is based in Mauritania by Rosemary Isaiah Otobong ‘f’ who has been prosecuted for the same offense and is currently serving jail term in the Nigeria Correctional Facility. She added that Anabel contracted her to recruit young girls below the age of 22yrs to be used as sex workers in Mauritania and that she is being paid *Fifty Thousand Naira (₦50,000.00k) as commission on each young girl sent to Mauritania. She confessed that among other girls she recruited is her 19 year old daughter citing that she has so far recieved over a total of Five Hundred Thousand Naira (₦500,000.00k) from Anabel.
“Her accomplice Susan Michael ‘f’ confessed to have being contracted by Stella Edem to recruit young girls to serve as domestic staff in Mauritania but upon questioning and further inquiries she discovered the girls were to be used as sex workers hence she withdrew from the said bussiness adding that the only girl she sent to Stella Edem was rejected due to age and body size and it was at that point she felt something wasn’t right.”
The Corps Marshal of the Federal Road Safety Corps (FRSC), Shehu Mohammed, has congratulated the Muslim faithful on the successful completion of this year’s Ramadan fast, and called for sustenance of the spirit of sacrifice, which was exhibited during the holy month for Allah’s intervention in the affairs of the nation.
The Corps Marshal, according to a statement made available to the National Association of Online Security News Publishers (NAOSNP), stated this in his Sallah goodwill message to mark the end of the 2025 Ramadan fast.
Corps Marshal Mohammed maintained that Ramadan fast is one of the pillars of Islamic religion and a period of spiritual rejuvenation which makes it mandatory for Muslims to abstain from food and drinks during the daytime from dusk to dawn throughout the month. This he said nurtures the spirit of love, sacrifice and good neighborliness which should be sustained beyond the festivity in order to attain greater national cohesion, patriotic spirit and peaceful coexistence among the diverse people of the country.
While advising Nigerians to celebrate with care, the Corps Marshal stressed the need for motorists to display great patience, love and compassion for one another, not only during the Sallah celebration but beyond the festivity. He restated the commitment of the FRSC to provide safer road environment during the festive period, saying the massive deployment of officers and men across the commands to manage traffic along the major corridors, especially at the identified black spots is geared toward ensuring free and safe movement during the celebration and everyone must adhere strictly to traffic rules and regulations.
“I call on all Nigerians to join the campaign to make our roads free and safe not only during the celebration, but beyond it by avoiding speeding, overloading and use of one way,” the Corps Marshal stated
Shehu commended the personnel of the FRSC for the initiative and sacrifice they make in creating safer road environment despite the challenges posed by recalcitrant drivers who disobey traffic rules and regulations without consideration to others, reassuring them of Management’s commitment to initiating policies and programs that could address their welfare needs, especially in the area of improved working and living conditions; capacity development and regular promotion exercises in rewarding excellence.The Corps Marshal further expressed appreciation to the present administration of President Bola Ahmed Tinubu for providing the necessary logistics and moral support to inspire sacrifices among the personnel, saying Management will not rest in its oars in reciprocating the gestures through increased productivity and improved service delivery by the Corps,” he added
While praying Allah to guide and protect this nation towards peace, stability and development, the Corps Marshal enjoined all Nigerians to embrace the lessons of the Ramadan fast and work towards making the nation’s highways safe for all for enhanced socioeconomic activities.
“As the lead agency for road traffic management and safety administration in the country, the FRSC will continue to improve on its technological innovations for improved traffic management system in the country and everyone must recommit to the campaign to restore sanity to our roads,” the Corps Marshal said.
It would recalled that Eid el fitri celebration is the festival to mark the end of the Ramadan fast by Muslims who embarked on the one month spiritual exercise during which they abstained from food and drinks as well as sexual intimacy from dusk to dawn. It’s also one of the periods of the year with heightened human and vehicular movements which necessitate special operations by the FRSC to ensure free and safe road environment for all road travelers throughout the holiday period.
In the event of a crash or any emergencies, members of the public are enjoined to call the National Emergency line: 122 or report directly to the studio of the FRSC National Traffic Radio, 107.1fm for prompt response.
Adron Homes and Properties extends warm greetings to the Muslim community across Nigeria and beyond as we celebrate the joyous occasion of Eid-al-Fitr.
As we mark the end of Ramadan, a season of faith, sacrifice, and devotion, we reflect on the values of unity, gratitude, and generosity that define this celebration. The blessings of fasting and prayers bring peace, progress, and abundance to our beloved nation, and we pray for continued harmony, stability, and prosperity for Nigeria and its people.
At Adron Homes, this season is also a time to express our heartfelt appreciation to our esteemed customers. Your trust, loyalty, and commitment to choosing Adron Homes as your partner in the journey to homeownership mean everything to us. Your belief in our vision inspires us to continue providing affordable, luxurious, and accessible housing solutions, making homeownership a reality for all.
As you celebrate Eid with your loved ones, may your homes be filled with peace, joy, and countless blessings. We remain dedicated to building vibrant communities where families can thrive and create lasting memories.
Eid Mubarak! Thank you for being part of the Adron Homes family.
