Billionaire businessman, Femi Otedola, has appealed to President Bola Tinubu to release the full report by the Aigboje Aig-Imoukhuede panel carried out under the Goodluck Jonathan administration on the controversial fuel subsidy regime.
Otedola said that Nigerians deserve to know the truth about those who looted public funds under the Petroleum Subsidy Fund (PFA) scheme, which lasted several years.
“I implore President Bola Ahmed Tinubu to release the full Aigboje Aig-Imoukhuede report on subsidy fraud as Nigerians deserve to know the truth. It is on record that the Presidency at the time called on the late Economic and Financial Crimes Commission (EFCC) Chairman, Ibrahim Lamorde, to halt the investigation. Let the report be made public so the real subsidy thieves can be unmasked,” Otedola said in a statement on Sunday.
Otedola made the appeal to Tinubu while reacting to an allegation by Umar Sani, a former Special Adviser (Media) to ex-Vice President Namadi Sambo, who said that at the peak of the subsidy regime, Otedola, through his company, Zenon Petroleum and Gas Ltd, benefitted from the scam he’s now criticising.
Sani claimed that he has empirical evidence showing that Otedola controlled as much as 90 per cent of diesel imports, and up to 40 per cent of other products at the time. “The same system he now condemns was one in which he was deeply entrenched and from which he personally benefited immensely.”
Yet, Otedola said he has instructed his lawyers to file a N1 billion lawsuit against Sani for defaming him, maintaining that he only sold diesel, which had no subsidy at the time he controlled the market in Nigeria.
“My attention has been drawn to a mischievous and malicious publication written by one Umar Sani, a former Special Adviser (Media) to former Vice President Namadi Sambo, attempting to twist facts and drag my name into disrepute and allegations of complicity in the subsidy fraud. His insinuations are false, baseless, and a shameless attempt to pander to lies and rewrite history. Let me set the record straight for the overall benefit of the discerning public.
“Zenon Petroleum and Gas Limited was wholly an importer and trader of diesel with a market share in excess of 90 per cent, never traded in Premium Motor Spirit (PMS) and as such could not have claimed for subsidy under the Petroleum Subsidy Fund scheme.
Diesel had been long deregulated even before the adoption of the PSF and did not fall under petroleum products to be claimed under the PSF regime.
“PMS was the only product that was eligible for claim under the PSF scheme in a bid by the government to make the product available and affordable to all and sundry. It is therefore shocking that someone like Umar Sani who occupied a position of authority and responsibility could display such ignorance of basic industry facts in public.
“I view this as either mischief (and taking advantage of the uneducated public) or a blatant display of gross ineptitude. If diesel did not fall under the subsidy regime, how can Umar Sani then accuse Zenon Petroleum and Gas Limited of impropriety under the subsidy regime?” Otedola asked.
Writing on the process that led to the exposure of the subsidy fraud, Otedola stated that he was indeed a member of President Goodluck Jonathan’s Economic Team and was the one who first alerted the President of the monumental fraud being perpetrated by economic saboteurs under the PSF scheme.
“When he (Jonathan) called the then Minister of Petroleum, she denied it. With my strong determination to stop the economic malaise and bleeding, I called Senator Bukola Saraki and reported the fraud to him. He took it to the floor of the Senate, and from there the House of Representatives began its investigation.
“These statesmen are alive and my assertions above can be corroborated if necessary. If I was complicit in subsidy theft, would I be the one to raise the alarm and blow the whistle on myself? That alone should question the motive of Umar Sani for his most recent publication on this matter,” he pointed out.
When it became public industry knowledge that he (Otedola) was the whistleblower on the subsidy fraud, he said that some of the perpetrators decided to fight back by using the House Committee on the probe, headed by Farouk Lawan who tried to indict him without any basis.
“As they always say, it’s only natural for corruption to fight back. The House Committee on the subsidy probe was now being manipulated by the subsidy fraudsters and thereby turning the probe panel into an extortion racket. When the harassment and blackmail became incessant on my person, I petitioned the authorities and worked with the Department of State Security (DSS) in a sting operation.
“The money was provided by the DSS, duly marked, and handed over to me under security surveillance. I then gave it to Farouk Lawan in line with the sting operation. That is on record. To twist that carefully documented operation into an indictment against me is laughable and only exposes the ignorance of Mr. Sani. You may be aware that Hon. Lawan was subsequently convicted and sentenced to five years imprisonment for bribery. The facts are very clear and public,” he added.
On the allegations and insinuations about his Asset Management Corporation of Nigeria (AMCON) involvement, Otedola described it as a demonstration of mischief and ineptitude on the part of Sani.
He wondered why someone would twist publicly available information to ‘miseducate’ the populace, highlighting that he had never hidden the fact that he (Otedola) suffered financial losses from the global economic meltdown of 2008 resulting in a huge debt exposure to the Nigerian financial services industry.
The loans, he said, were sold to AMCON, after which he (Otedola) in turn gave up his assets worth hundreds of billions of Naira to settle his obligations under a court-ordered settlement.
“It is on record that AMCON itself publicly commended my approach and told other debtors to follow my example. Court records are there for anyone seeking the truth to investigate. AMCON officials from that time are also alive today to confirm the truth. I even addressed this matter in my book, ‘Making it Big’ which was recently published and released to the public,” Otedola said.
The businessman, therefore, vowed that he would not allow anyone to toy with his hard-earned reputation, announcing his decision to sue the former presidential aide over the alleged defamatory remarks.
“Because of these deliberate lies and unfounded allegations, I have instructed my lawyers to file a N1billion libel suit against Umar Sani. People must learn that reputations are not to be toyed with for cheap propaganda and to serve as a deterrent for other mischief makers in the future. I will go to every extent that this is achieved.
“To Mr. Sani and others who peddle these half-baked stories: go and read my book Making It Big, study the facts, and stop disgracing yourselves with ignorance. I have nothing to hide and I have always acted in the interest of truth and accountability. Those who benefitted from subsidy fraud know themselves. I will not sit back and allow falsehood to be written into history,” he maintained.
Following the opening of applications from eligible candidates living with disabilities, for scholarships to pursue legal qualifications, the Opeoluwa Sotonwa Foundation (OSF), a not-for-profit organisation, founded by US-based philanthropist, Mr. Opeoluwa Sotonwa, and dedicated to expanding educational opportunity, leadership and inclusion, has announced the recipients of its 2026 scholarships, fellowships and academic awards.
Now in its fourth year, OSF has continued to deepen its investment in Nigeria’s deaf and hard-of-hearing community while expanding pathways for students with disabilities in the legal profession.
The 2026 awards also mark a new milestone with the introduction of the Prof. Konyinsola Ajayi, SAN Scholar-Practitioner Award, supporting a legal practitioner pursuing doctoral studies in Law.
Founded in 2022, OSF is grounded in a simple but enduring conviction: talent is universal, but opportunity is not. The Foundation seeks to close that gap by investing not merely in education, but in people whose knowledge, leadership and service can create opportunities for others.
PROF. KONYINSOLA AJAYI, SAN SCHOLAR-PRACTITIONER AWARD
For the first time, OSF is extending its investment in legal education beyond the undergraduate level through the Prof. Konyinsola Ajayi, SAN Scholar-Practitioner Award.
The new award recognizes a legal practitioner pursuing a Ph.D. in Law, bridging two worlds essential to the future of justice: the practical experience of the legal profession and the rigorous inquiry of advanced legal scholarship.
Isioma Osakuni — Ph.D. in Law, University of Ibadan — Inaugural Recipient
The establishment of the Scholar-Practitioner Award represents a natural evolution of the Prof. Konyinsola Ajayi, SAN Fellowship. It broadens OSF’s vision from helping students enter the legal profession to supporting practitioners seeking to contribute to its intellectual development through advanced research and scholarship.
PROF. KONYINSOLA AJAYI, SAN FELLOWSHIP
The Prof. Konyinsola Ajayi, SAN Fellowship is OSF’s flagship investment in developing a more inclusive legal profession. Expanded in 2025 to include law students with disabilities beyond the Deaf and hard-of-hearing community, the fellowship recognizes that the pursuit of justice is strengthened when the legal profession reflects the breadth of the society it serves. The recipients are:
Abubakar Nura — Law, Bayero University Kano
Amala Njelita — Law, University of Calabar
OPEOLUWA SOTONWA FOUNDATION GENERAL SCHOLARSHIP
The Foundation’s core scholarship program continues OSF’s foundational commitment to Deaf and hard-of-hearing students pursuing higher education across Nigeria. The 2026 scholars represent a broad range of disciplines, from education and computer science to political science, entrepreneurship and the arts. The recipients are:
Auwalu Mohammed — English Education, Gombe State University
Wende Terungwa — Special Education/PHE, Federal University of Education Pankshin
Farida Dalhatu — Political Science, Umar Musa Yar’dua University, Katsina
Fuhad Abdulrasaq — History and International Studies, University of Ilorin
Irimiya Samaila — Special Education, University of Calabar
Amina Nasiru — Entrepreneurship, Kaduna State University
Abosede Josephine Akilo — Special Education, Federal College of Education in affiliation with University of Ibadan
Toheeb Olajuwon Balogun — Political Science, Federal College of Education (Special), Oyo
Mujahid Adamu — Education-English, Sule Lamido University Kafin Hausa
Inerepamo Maxwell Pounana — Special Education, Ignatius Ajuru University of Education
Precious Onyinyechi Okonkwo — Special Education, Ignatius Ajuru University of Education
Nneoma Happiness Agbo — Economic Education, Peaceland College of Education Enugu
Yusuf Anas — Educational Management, Abdulkadir Kure University, Minna
Omopariola Opeyemi — Educational Management, Kwara State University
Akinkunmi Sheriff Akinboade — Fine and Applied Arts, Federal College of Education (Special), Oyo
Royal Adeh Obi — Special Education/Tourism, University of Calabar
Oladipupo Emmanuel Adeyeri — Computer Science, Federal College of Education (Special), Oyo
Bello Abubakar — Islamic Studies, Aminu Salah College of Education
MOST OUTSTANDING SCHOLARS 2026
Introduced in 2025, the Most Outstanding Scholar distinction recognizes one female and one male scholar whose academic achievement, leadership and perseverance distinguish them within the OSF community.
Mutiyat Oreoluwa Raheem — Microbiology, University of Ilorin — Female Most Outstanding Scholar
John Nworie Nte — Medicine and Surgery, University of Calabar — Male Most Outstanding Scholar
GRADUATE SCHOLARS
OSF’s commitment does not end with undergraduate education. The Graduate Scholars program supports Deaf and hard-of-hearing scholars advancing into postgraduate study and developing expertise capable of influencing their professions, institutions and communities.
Godwin Agianpuye — PGD/M.Sc., Computer Science, Wesley University, Ondo
Auwalu Salisu Ismaila — M.Ed., Special Education, Bayero University, Kano
Caroline Nwugo Onu — Ph.D., Christian Leadership, The Nigerian Baptist Theological Seminary
VOICES BEYOND SOUND – SOCIAL AND BUSINESS SCHOLARSHIP
Established in partnership with Greg and Annette Hudson, Voices Beyond Sound recognizes Deaf and hard-of-hearing students pursuing studies connected to social and business leadership. First featured in the 2025 awards, the initiative reflects a shared belief that leadership is not defined by how a person communicates, but by the ideas, resilience and impact they bring to society.
Zulaihatu Sani — Business Administration, Gombe State University
Qudus Ajiboye — Economics, National Open University of Nigeria
Taiwo Eneyamire Abdul — Economics, Federal College of Education (Special), Oyo
Taiwo Hassan Alatilehin — Business Education, University of Ilorin
“Four years into this journey, we are seeing what becomes possible when opportunity meets determination,” said Dr. Opeoluwa Sotonwa, Founder of OSF. “Our scholars are studying medicine, law, education, science, technology, business, the arts and other disciplines. Some are beginning their higher-education journeys; others are advancing into master’s and doctoral study. What connects them is not disability, but possibility. Our responsibility as a Foundation is to ensure that talent is given room to become impact.”
“The introduction of the Prof. Konyinsola Ajayi, SAN Scholar-Practitioner Award is especially meaningful. Justice requires not only lawyers who practice the law, but scholars who interrogate it, strengthen it and help imagine what it can become. By investing across that continuum—from the undergraduate law student to the doctoral scholar-practitioner—we are investing in the future of the profession itself.”
For more information about the Opeoluwa Sotonwa Foundation and its programs, visit www.opeoluwasotonwafoundation.org.
About the Opeoluwa Sotonwa Foundation
Established in 2022, the Opeoluwa Sotonwa Foundation (OSF) is a nonprofit organization dedicated to unlocking educational and leadership opportunities for Nigeria’s Deaf and hard-of-hearing communities while advancing targeted opportunities for students with disabilities. Through scholarships, fellowships, mentorship and advocacy, OSF invests in students and emerging leaders with the potential to transform their professions, communities and society.
The Foundation can be reached via:
Cassandra Sotonwa Chief Operating Officer
Opeoluwa Sotonwa Foundation
opeoluwasotonwafoundation@gmail.com
The Foundation wishes all recipients a fruitful academic period.
The Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has clarified that he did not owe salaries, pensions, gratuities or any money during the period he was Governor of Anambra State.
Obi stated this in response to recent claims by the current government of Anambra State.
The Anambra State Government recently claimed that it is till repaying loans obtained by previous administrations, including those of former governors Obi and Willie Obiano.
According to the government, it has focused largely on paying existing obligations rather than accumulating new debts.
Obi served as the Governor of Anambra State from March 2006 to March 2014.
Reacting to the claim, Obi said: “I left office as Governor nearly 13 years ago. On the day I left office, I was not owing any salaries, pensions, gratuities or any money that the Anambra State Government was supposed to pay.
“I did not owe a single supplier or contractor. If you find even one person I owed, I will end my 2027 campaign today.”
Former Vice President Atiku Abubakar has unveiled a 12-point policy agenda he says will guide his administration if he wins the 2027 presidential election on the platform of the African Democratic Congress (ADC).
The policy commitments were published by AbdulRasheed Shehu, Special Assistant on Broadcast Media to Atiku, as part of the former vice-president’s campaign message ahead of the election.
The agenda focuses on the economy, education, local government autonomy, transportation, electricity, job creation, security, agriculture, healthcare and the restructuring of the federal system.
Atiku proposed the restoration of a targeted petroleum subsidy as part of measures to reduce transportation costs and ease the pressure of rising living expenses on Nigerians.
He also promised to review the operations of the Nigerian Education Loan Fund (NELFUND), including consideration of debt forgiveness for beneficiaries. The proposal is based on the position that Nigerian students should have access to affordable education and scholarships rather than being burdened with debts.
On local government administration, the former vice-president pledged to implement the Supreme Court judgment on local government autonomy. Under his proposal, funds meant for local councils would be paid directly to them and deployed for development at the grassroots.
Atiku also identified the development of Nigeria’s maritime infrastructure as a major part of his economic agenda. He proposed reviving the Eastern maritime port corridor by restoring the operational capacity and competitiveness of ports in Port Harcourt, Calabar and Warri, while supporting the development of the Uyo Deep Sea Port.
According to the policy document, strengthening the eastern and southern ports would reduce pressure on the Lagos port corridor, lower logistics costs, create employment and improve trade between the South-East, South-South and northern markets.
The former vice-president further promised to reopen Nigeria’s land borders to legitimate commercial activities. He said the move would help revive legal cross-border businesses, support traders and strengthen regional commerce.
Atiku also proposed changes to the electricity sector, including a review of the existing tariff classification system. His campaign said the reform would address what it described as discriminatory billing and make electricity more affordable to consumers.
Politics
Young Nigerians and women also feature prominently in the proposed agenda. Atiku plans to establish a $10 billion startup and entrepreneurship financing programme aimed at providing greater access to capital, while also increasing the participation of youths and women in government appointments and economic opportunities.
The security sector is another major focus of the policy commitments. Atiku proposed recruiting more security personnel, improving their welfare and strengthening the use of modern intelligence and field technology.
His plan also includes tackling corruption within the security system, confronting insurgency, banditry and other serious crimes with greater political will, and strengthening security cooperation with neighbouring countries.
In agriculture, Atiku said his administration would seek to encourage Nigerians to return to farming by improving security in farming communities and lowering production costs. The plan also includes greater access to financing and other forms of support for farmers and agricultural entrepreneurs.
The former vice-president equally proposed a major overhaul of the healthcare sector through institutional reforms and increased access to quality and affordable basic healthcare. The agenda also promises to address shortages of medical personnel, as well as their remuneration and welfare.
On governance, Atiku proposed devolving more powers to states and local governments by restructuring the Exclusive and Concurrent Legislative Lists. He said the federal government should become smaller and more efficient, concentrating on responsibilities that require national coordination while giving subnational governments greater capacity to manage local affairs.
He also pledged to implement the Oronsaye Report as part of efforts to reduce government waste and eliminate duplication among federal institutions. The proposal is intended to rationalise government agencies, reduce institutional overlap and corruption opportunities, and improve efficiency and service delivery across the public service.
Atiku Unveils 12-Point Plan to Rescue NigeriaAtiku Unveils 12-Point Plan to Rescue Nigeria
The release of the 12-point agenda comes days after Atiku’s wife, Titi Abubakar, urged Nigerian youths to support her husband in the 2027 presidential election.
Speaking at the ADC All Support Groups Town Hall Meeting in Abuja, Titi said Atiku’s experience would enable him to begin governing without having to learn the responsibilities of the presidency on the job.
“Atiku is a sellable material. That is why I am so proud of my husband. Atiku is a philanthropist. Atiku has done it before. Atiku is not going to learn on the job. And Atiku is not a novice,” she said.
She also said Atiku was seeking the presidency to improve the lives of Nigerians rather than to enrich himself.
“Atiku is a man of honour, a man of his word. Atiku is not coming to chop government money. Atiku wants to give back to you people. Atiku wants you people to know what it is all about government,” Titi said.
She further highlighted Atiku’s proposed inclusion of young people and women in government, recalling his pledge to reserve 40 per cent of appointments for the two groups.
Titi also urged young voters to protect their votes and reject attempts to buy their support ahead of the election.
“Don’t allow them to come and give you money and you sell your conscience. If you sell your vote, you are selling the vote of your generation yet unborn,” she said.
She acknowledged that the ADC might not have the financial resources of some political opponents but urged youths not to exchange their votes for temporary financial benefits.
“ADC don’t have that money to give you. Don’t be a sellout. Because these people, they have all our money in their kitties,” she said.
Titi had also criticised the state of governance and the economy, saying, “Nothing is working. Our economy is in shambles.”
