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Alleged 3.1bn Fraud: How I delivered $15.8m Cash to Suswan in his Residence-Witness

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Abubakar Umar, the Sixth Prosecution Witness, PW6, in the trial of former governor of Benue State, Gabriel
Suswam has narrated before the Federal High Court, Maitama,
Abuja and presided over by Justice Peter Lifu how in 2014, he converted the sum of N3.1 billion, wired to him by Suswam as governor and delivered its equivalent of $15.8m in cash to him at his Maitama, Abuja
residence.

Suswan, alongside his then Commissioner of Finance, Omodachi Okolobia are facing 11-count amended charges of money laundering to the tune of N3.1 billion, being part of the proceeds from the sales of the state government’s shares held on its behalf by the Benue Investment and Property Company Limited, sold through Elixir Securities Limited and Elixir Investment Partners Limited.

During the court’s proceedings, the witness, a bureau de change operator and CEO of Fanffash Resources, who has been testifying on the matter since 2018, first, before Justice A.R Mohammed and later Justice Okon Abang,
disclosed that the total sum of N3.1 billion was transferred to him by Suswam, through a proxy in tranches with the first tranche of N413 million hitting his account on August 8, 2014 and the remaining,
coming in subsequently to sum up to N3.1billion.

Umar, while being led in evidence by prosecution counsel, Rotimi Jacobs, SAN, affirmed that the proxy who did the
naira transfers to him was a woman.

According to the witness, he had to change a total sum of N3.1billion to dollars, which he said amounted to $15.8 million at the rate of N197 to a dollar and delivered it to Suswam in his Maitama, Abuja residence.

“One day in 2014, when I was in the office, the former governor of Benue State asked me to meet him in his house in Maitama, Abuja. I went and met him in the house together with one fair woman. He asked me to give the woman my account number. I gave the woman my Zenith Bank account number. The woman said she’ll send money into that account.

“On the 8th of August 2014, N413 million was transferred to my account. Based on this, I called the former governor and he told me to change the money to dollars and I asked him to give me time to do that. Three days after I bought the dollar equivalent, I called the former governor and informed him that the money was ready. He now asked me to take the money to his house in Maitama, near Jumat Mosque. I now told him that he should inform the security at the gate that I was coming, if not they’ll not allow me access into the gate. I took a cab to the house, and after I arrived at the house, I knocked at the gate and they opened. I told them my name. They opened the first and second gates and I sat in the waiting room where he came and met me. I now brought out the money which we both confirmed to be the equivalent of the N413 million. The exchange rate then was N197”, he said
Testifying further, he said, “On the 12th of September 2014, N637 million was transferred to my account.

After N637million was transferred to my account, after like 40 minutes N363 million was also transferred into my account. On 13th October 2014, N630, 008,50, (Six Hundred and Thirty Million, Eight
Thousand and Fifty Naira) was also transferred to my account. On 17th October 2014 1,0068,000 (One Billion, Sixty-eight
Million) was transferred to my account. It is the woman that was directed by the former governor to do the transfers. The total money transferred to my account was N3 billion”.

The witness who stated that he was neither arrested by the EFCC for giving any testimony in favor of the defendant, nor threatened by the Commission to give evidence against the defendant, further disclosed that he did not have receipts for the transactions, so also no record book for them, stating that he buys dollars from his fellow retailers and only records based on discretion.

Justice Lifu adjourned the matter till October 4,2024, for continuation of trial.

Visit www.efcc.gov.ng for more stories

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How Yakubu Gowon found himself in the Army

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How Yakubu Gowon decided to enter the Army is quite interesting. Encouraged by his British Principal and Vice-Principal to go military, he was nevertheless torn between a career in the Army and competing options as a teacher, engineer, or physician. So he wrote out the options on little pieces of paper placed them inside a Bible and prayed. Then, with his eyes closed, he opened the Bible and picked one at random. It was the Army.

Throughout his military career he would repeatedly approach issues with a r!fle in one hand and a Bible in the other. Years later he would come to be regarded by most as a model of a “kinder, gentler” soldier. Some have nicknamed him “The Preacher”.

In 1954, after passing an entrance examination, he attended several interviews before being sent to the Regular Officers Cadet School at Teshie in Ghana – along with Patrick Anwuna, Alexander Madiebo, Michael Okwechime and Arthur Unegbe. This was followed by a course at Eton Hall in Chester, UK, followed by formal cadet training at the Royal Military Academy, Sandhurst (RMAS). He was a Cadet Sergeant at the RMAS and was commissioned 2/Lt in December 1956. It was at the RMAS that he acquired the nickname “Jack,” the closest sound to “Yakubu” his British instructors could think of.

The above is part of a piece put lol together by Nowa Omoigui, Nigerian military historian and cardiologist.

Gowon later became Head of State and had one of the most troubling dispensation in the history of Nigeria. He was removed from office in 1975 by Murtala Muhammed.

On how he survived immediately after his removal from office, he said in an interview:

“I can say with absolute authority that I may not have anything today, but honestly, at least I have a clear conscience. I thank Idi Amin and (Gnassingbé) Eyadema for the help they gave me to have money to start off with.”

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FLORA NWAPA

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The Imo State born writer and teacher who is largely referred to as the “mother of African Literature”, was the first African woman to publish a novel in English.

Flora belived that African women were unjustly portrayed (in the books of her male counterparts) as people who were doubly malleable, as people who didn’t have even a vestige voice of their own: people who must, for instance, eat fufu not exactly because they wanted to eat fufu but because men insisted that they eat fufu, people who must live in the shadows of men… So she basically did the opposite of this in her books where she gave women prime places, using her pen to unfold to the whole world, in concrete clarity, what she believed ought to be the generally accepted societal ethos.

She celebrated the strength, tenacity and courage of African women, told their success stories in glittering terms, and sang their praises to the stratosphere.

She was born January 13, 92 years ago in Oguta – Imo State, and passed away on October 13, 1993, after enduring a server bout of pneumonia.

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Olorogun Michael Ibru (1930–2016): The Visionary Behind a West African Business Empire

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Michael Ibru was a pioneering Nigerian entrepreneur, philanthropist, and founder of the Ibru Organisation, one of the most influential business groups in West Africa. His life reflects ambition, discipline, and the transformation of opportunity into a diversified empire.

Early Life and Background

Born in 1930, Michael Ibru hailed from Agbarha-Otor, near Ughelli.
He was the eldest of seven children in a prominent family. His mother was the daughter of the wealthy Ovedje Osadjere of Olomu, which placed him within a lineage of both traditional influence and commercial awareness.
Growing up in the Niger Delta region, young Ibru was exposed early to trade, mobility, and the importance of enterprise in coastal and riverine communities.

Education and Formative Years

A defining stage of his early life was his education at Igbobi College Yaba, one of Nigeria’s most prestigious secondary schools at the time.
At Igbobi College, Michael Ibru distinguished himself not only academically but also in leadership, eventually serving as Senior Prefect. This position reflected his discipline, influence, and ability to lead peers—qualities that later shaped his business career.
His time at the institution helped refine his worldview and exposed him to structured education during a period when Nigeria was still under colonial administration.

Early Career and Exposure to Business

After completing his studies, he briefly worked with the United Africa Company (UAC), one of the most powerful trading firms operating in West Africa at the time.
This experience exposed him to:

Large-scale import and export systems

Corporate structure and logistics

Commercial distribution networks

However, rather than remain in salaried employment, he chose the path of entrepreneurship—a decision that would redefine his life and legacy.

The Birth of a Business Empire

In 1956, Michael Ibru founded a frozen fish business.
At the time, frozen food distribution was still relatively new in Nigeria, and Ibru identified a gap in the market: the need for affordable, preserved protein sources in urban centres.
His venture quickly expanded due to:

Strong demand for fish in growing cities

Efficient supply chain management

Strategic importation and distribution systems

This modest beginning became the foundation of what would evolve into the Ibru Organisation.

Expansion into a Conglomerate

Over time, the Ibru Organisation grew into a diversified business empire spanning multiple sectors, including:

Food and seafood processing

Aviation and logistics

Hospitality and real estate

Finance and banking

Oil and marine services

Media and publishing

Agriculture and industrial production

The group became one of the largest family-owned conglomerates in West Africa, with numerous subsidiaries operating across Nigeria and beyond.
Rather than relying on a single industry, Michael Ibru built a multi-sectoral business model, which helped the organisation withstand economic fluctuations and remain competitive for decades.

Leadership Style and Business Philosophy

Michael Ibru was widely regarded as a strategic thinker who believed in:

Identifying unmet market needs

Investing in scalable industries

Building long-term institutional structures

Empowering family-led continuity in business

His leadership approach combined traditional values with modern corporate thinking, allowing the Ibru Organisation to grow into a structured enterprise rather than a short-term venture.

Philanthropy and Social Impact

Beyond commerce, Michael Ibru was deeply committed to philanthropy.
His contributions included:

Support for education and scholarships

Community development initiatives

Investment in youth empowerment

Assistance to local infrastructure and social welfare projects

He believed that business success should translate into societal progress, particularly in education and opportunity creation.

Legacy of the Ibru Organisation

The Ibru Organisation remains one of Nigeria’s most recognised business groups, continuing to operate through various subsidiaries across sectors.
Its legacy is defined by:

Industrial diversification

Private sector growth in post-independence Nigeria

Family-led business continuity

Contribution to West Africa’s economic development

From a young student at Igbobi College Yaba to the founder of a continental business empire, Michael Ibru represents the story of vision, risk-taking, and entrepreneurial excellence.
His journey shows how observation, opportunity, and courage can transform a simple idea—like frozen fish distribution—into a legacy that shaped industries across Africa.

Source

Biographical and historical records on Michael Ibru

Public information on the development of the Ibru Organisation

Educational history of Igbobi College Yaba

Historical context of Nigerian post-colonial entrepreneurship and trade development

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