Metro
Opinion: OMS: The Missing Links in Hosa Okunbo’s Tale
- /home/rhoncare/pointblank.ng/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://pointblank.ng/wp-content/uploads/2019/04/Okunbo-3.png&description=Opinion: OMS: The Missing Links in Hosa Okunbo’s Tale', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/rhoncare/pointblank.ng/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 69
https://pointblank.ng/wp-content/uploads/2019/04/Okunbo-3.png&description=Opinion: OMS: The Missing Links in Hosa Okunbo’s Tale', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
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.
Metro
Several Missing As Boat Carrying 70 Passengers Capsizes in Benue
Several persons have so far been missing after a wooden boat carrying more than 70 mourners and over 30 motorcycles overturned while crossing the River Katsina-Ala in Buruku Local Government Area of Benue State.
The incident reportedly occurred around 11am on Saturday, October 3, 2026, at the Buruku River crossing point.
The passengers, most of whom were said to be from Mbayon in Gboko Local Government Area, were returning after attending the burial of a relative on the opposite side of the river when the boat capsized.
Several occupants were reportedly rescued from the water, while search and rescue personnel continued efforts to locate those who remained unaccounted for as of Saturday afternoon.
Reports said the wooden boat was severely overloaded with passengers and motorcycles before its engine reportedly developed a fault during the journey.
“The boat was overloaded with many people and over 30 motorcycles, and they were coming from the Logo LGA side of the River at about 11am when the incident happened.
“Many persons have been rescued, but as we speak, I cannot tell you the actual number of persons that have not been seen or rescued from the river because the search is still ongoing. But many persons have not been seen as we speak,” an eyewitness said.
The Chairman of Buruku Local Government Area, Raymond Zege, confirmed the mishap, explaining that the passengers were mourners from Gboko who had travelled across the river for a burial ceremony.
Zege said the boat was carrying more than 70 people when its engine stopped working in the middle of the return trip, causing panic among those on board.
“The victims were mourners from Gboko who went for a burial on the other side of the river.
“They boarded a boat which was overloaded with over 70 persons. In the middle of the journey the engine of the boat failed, and they became panicky.
“And they also ran into a heavy wave, and the boat capsized before the boat that was sent to rescue them got to them,” he said.
The council chairman said authorities had yet to determine the precise number of missing persons, although more than 60 passengers had reportedly been rescued.
“At the time we speak, we do not know the number of persons missing. So far we have not seen about six persons, but we have rescued over 60. Search and rescue operations are ongoing,” he said.
Zege urged passengers using the waterway to observe maritime safety guidelines, particularly by wearing life jackets during crossings.
He disclosed that the local government had supplied life jackets for people using the route, but said enforcement had sometimes been difficult because some commuters declined to use the safety equipment.
“People can be very difficult. There is a law, and we have provided life jackets for every commuter crossing that route. When they come and the maritime workers try to enforce the law, some commuters complain that they have health issues or that they do not want to share life jackets used by other people.
“We have provided the jackets, and the state government is also supporting efforts to ensure that maritime safety regulations are enforced,” he said.
The chairman further said maritime officials regularly conduct enforcement operations and urged commuters to cooperate with them.
“Sometimes the maritime officials come for enforcement, including at night. People should cooperate with them because the safety measures are meant to protect lives,” he said.
Meanwhile, the Benue State Commissioner for Marine and Blue Economy, Denis Iyaghigba, also confirmed the incident in a statement issued on Saturday.
Iyaghigba said his ministry had received preliminary information about the accident and appealed to relatives of the passengers and members of the public to remain calm while rescue teams worked to establish the number of people involved.
“I have received preliminary reports of an unfortunate boat mishap at the Buruku crossing point this morning, Saturday, 3rd October, 2026,” Iyaghigba said.
“I wish to assure members of the public, particularly families of those who may have been aboard the boat, to remain calm and await verified information from the appropriate authorities. No effort will be spared to ensure their safety.”
The commissioner said he had instructed boat operators and their union downstream to join the ongoing rescue operation.
“I have directed the boat operators and their union downstream to mobilise and assist in the ongoing search and rescue operation,” he said.
He assured that “further details will be communicated as the rescue operation progresses.”
As of the time of filing this report, rescue operations were still underway, with authorities yet to provide a final account of the total number of people aboard the boat or the confirmed number of those still missing.
Metro
We Rise, We Shine: A Tribute to Nigeria at 66
By Tolulope A. Adegoke
“Sixty-six lanterns lit, and not one flame asked permission of the wind. That is the arithmetic of this land—where the storm arrives first and the light arrives anyway. We were not handed a smooth road; we were handed feet, and feet have always been enough. What others call odds, we call the weight that gives our stride its meaning. So let the doubter keep his ledger of our failures; we keep a different record—one written in the stubborn grammar of a people who wake up, try again, and refuse to hand their tomorrow to anyone else. This soil does not owe a blessing to the mouth that curses it. Speak well of her, then, not because she is finished, but because she is still becoming—and becoming is the holiest thing a nation can do. We rise. We shine. Not after the storm—inside it.” – Tolulope A. Adegoke, PhD
Introduction: The Audacity of a Nation’s Hope
There is a peculiar kind of strength that is born not in the absence of hardship, but in the furnace of it. It is the strength that refuses to be extinguished by the storms of adversity, the strength that looks at towering mountains and dares to imagine a path over them. This is the strength that defines Nigeria. As we mark sixty-six years of nationhood, we do not gather merely to recount the ease of our journey, for the road has been anything but smooth. Rather, we gather to celebrate a profound and unyielding resolve: the decision to rise, and in rising, to shine.
The story of Nigeria is not a fairy tale of uninterrupted triumph. It is a complex, textured narrative of a people learning to govern themselves, of a federation of over two hundred and fifty ethnic nationalities striving to forge a common destiny. It is a story punctuated by growing pains, by moments of national introspection, and by challenges that have tested the very fabric of our unity. Yet, it is precisely within this crucible that the Nigerian spirit has been refined. We rise, not because we are oblivious to our challenges, but because we have made a conscious, collective decision to be resilient—to confront our difficulties head-on and to overcome them.
The Anatomy of Nigerian Resilience
Resilience is a word often used lightly, but in the Nigerian context, it is a lived reality. It is the trader in Onitsha who, despite economic fluctuations, opens her stall at dawn with a smile and a prayer. It is the tech entrepreneur in Yaba who, against the backdrop of infrastructural deficits, codes the next solution for a global market. It is the teacher in a rural community who, with limited resources, inspires a generation to dream beyond their immediate horizons. It is the farmer in the Middle Belt who, season after season, plants seeds of hope in a land that has known both bounty and bloodshed.
This resilience is not a passive endurance; it is an active, creative force. It is the ingenuity that birthed the mobile money revolution, the Afrobeats genre that has taken the world by storm, and the Nollywood industry that tells our stories to a global audience. It is the intellectual prowess of our scholars, the indomitable spirit of our athletes, and the creative genius of our artists. When we say “We Rise,” we are acknowledging this irrepressible energy. We are affirming that no challenge—be it economic recession, security concerns, or social unrest—can permanently dim the light of a people determined to succeed.
The Certainty of Our Arrival
We are a nation in a hurry, yet we must also be a nation with the patience of a farmer. The journey to national greatness is not a sprint; it is a marathon. We may stumble. We may take a wrong turn. We may even, at times, feel like we are moving in circles. But the crucial thing is that we are moving. We are learning. We are evolving. The mistakes of yesterday become the lessons that inform the policies of today and the vision of tomorrow.
It may take a while, but it is certain that we will get it right. This certainty is not borne of arrogance, but of an unshakeable faith in the Nigerian project. It is rooted in the knowledge that a nation of such immense human and natural potential cannot be permanently held back. Our youth, our greatest asset, are increasingly innovative, globally connected, and fiercely patriotic. They are not waiting for a perfect Nigeria; they are actively building it, one startup, one social movement, one creative work at a time. The trajectory may be zigzag, but the destination—a prosperous, united, and equitable Nigeria—is non-negotiable.
Nigeria Shines Against All Odds
To shine against all odds is the quintessential Nigerian story. It is to excel on the global stage when the home front is fraught with difficulties. It is the Nigerian doctor performing groundbreaking surgeries abroad, the Nigerian professor leading research at top universities, the Nigerian artist headlining international festivals. These individual and collective successes are not anomalies; they are reflections of a national character that is intrinsically brilliant.
The Nigerian diaspora is a testament to this. From Houston to London, from Toronto to Dubai, Nigerians are making their mark, contributing to economies, cultures, and knowledge systems. They are not just surviving; they are thriving. And in their success, they carry a piece of home with them—a resilience, a vibrancy, a hustler’s spirit that is uniquely Nigerian. This is the light that shines, a beacon of what is possible when the Nigerian spirit is given room to flourish.
A Word on Cursing the Land
There is an ancient wisdom that is deeply relevant to our national conversation: the land that you curse may not be empowered or capable enough to bless you in return. To constantly disparage one’s country, to speak of it only in terms of its failures and to ignore its immense potential, is to poison the well from which one must drink. Patriotism is not blind allegiance; it is loyal, constructive criticism married to a deep and abiding love. It is the difference between a prophet of doom and a partner in progress.
We must be careful with our words. Our words shape our reality. If we speak of Nigeria only as a cursed land, we sow the seeds of despair in our own hearts and in the hearts of the next generation. Instead, we must speak of a land of promise, a land of resilient people, a land that is worthy of our best efforts and our most profound hopes. The same land that some dismiss is the land that has produced some of the world’s most remarkable minds and most vibrant cultures. To bless Nigeria is to bless ourselves, for our fate is inextricably linked to that of the nation.
Sixty-Six Years: A Commemoration of Hope
Sixty-six years is a significant milestone. It is a period that allows for reflection on how far we have come from the hopeful dawn of independence in 1960. We have weathered civil war, military dictatorships, and the turbulent transition to democracy. We have seen our economy rise and fall with the vagaries of oil prices. We have faced the scourge of terrorism and the challenges of internal security. Through it all, the Nigerian state has remained, and the Nigerian spirit has endured.
As we celebrate, we are not celebrating a finished product. We are celebrating a work in progress. We are celebrating the audacity of a people who, despite their differences, have chosen to remain together. We are celebrating the promise of a future that we can build together. We are celebrating the fact that, in the words of our national anthem, “the labours of our heroes past shall never be in vain.”
Conclusion: A Blessing for the Journey Ahead
God bless Nigeria. This is not just a phrase; it is a prayer. It is a petition for divine guidance, wisdom, and protection over our land and our leaders. It is a prayer for the healing of our divisions and the strengthening of our unity. It is a prayer that we may be wise stewards of the resources and talents with which we have been so abundantly endowed.
As we step into the next chapter of our national story, let us recommit ourselves to the principles of resilience, hope, and hard work. Let us be a generation that builds bridges rather than walls, that plants trees under whose shade we may never sit, and that speaks life into our nation rather than death.
We rise because we must. We shine because our light is too bright to be hidden. We overcome because our collective will is stronger than any challenge. It may take a while, but the destination is sure.
God bless the Federal Republic of Nigeria.
Happy 66th Independence Anniversary!
Dr. Tolulope A. Adegoke, AMBP-UN, is a globally recognized scholar-practitioner and thought leader at the nexus of security, governance, and strategic leadership. His mission is dedicated to advancing ethical governance, strategic human capital development, resilient nation-building, and global peace. He bridges the worlds of academic rigor and practical application, contributing to leadership discourse at the highest levels of policy and practice. He can be reached via: tolulopeadegoke01@gmail.com, globalstageimpacts@gmail.com
Metro
Edo Special Court Sentences Four Kidnappers to Death
The Edo State Special Criminal Court has sentenced four men to death for their involvement in the kidnapping of a woman at the Vegetable Market along Airport Road in Benin City.
Justice Aigbona Momodu handed down the sentences after finding the defendants guilty on multiple counts connected to the kidnapping case.
The convicts are Marvellous Isaac, Wisdom Michael, Rufus Emete Michael and Gift Raphael.
Isaac and Michael were sentenced to death on counts two through nine. They also received separate prison terms on other counts, including seven years on count one, while Isaac was sentenced to 10 years on count 10 and life imprisonment on count 11.
Rufus Emete Michael was sentenced to death on counts two, three, four, six and seven, in addition to a seven-year prison term on count one.
The fourth defendant, Gift Raphael, was sentenced to death on counts two, four, six and eight and received seven years imprisonment on count one.
Delivering the sentences, Justice Momodu ordered that the death sentences be carried out by hanging or lethal injection, in accordance with the court’s judgment.
The court also ordered the forfeiture of a JoJef pump-action firearm and ammunition tendered as exhibits during the trial.
The firearm, identified as Exhibit M, along with two unused cartridges and two spent cartridges listed as Exhibits E and E1, was ordered to be handed over to the Edo State Police Armourer at the State Criminal Investigation Department for destruction.
Justice Momodu directed that the exhibits be transferred to the police through the Deputy Director of the Criminal Division and destroyed within 30 days.
The convictions bring to an end the trial arising from the abduction of the woman at the Vegetable Market along Airport Road, an incident that added to concerns over kidnapping and armed crime in Benin City.






