Secret Reporters

The date was March 25th March 2010, when without proper consultation, a suspicious agreement was entered into by the Ministry of Trade and Investment with a consultant called NOVALSYS Limited for the development of a web registration management solution for registration of Trademarks, Patents and Designs in the Commercial Law Department (CLD) of the Ministry.

With such agreement, the consultant were saddled with creating a software that enabled applicants for such trademarks, designs and patents to register and make payment online, thus giving them authority to collect funds on behalf of the Federal Government. The fraud apparently began.

NOVALSYS agreement stated that it will collect a whooping sum of N200 million for the design and services rendered to the ministry annually.

Investigations by this medium backed with loads of documents from credible sources detailed how the consultant unilaterally declared what it deemed fit to the Ministry, after keeping 20% of the revenue generated, which they alone have access to.

In 2012, the consultant claimed N287.9 million as total revenue generated and remitted, while in 2013, it claimed that have generated N321.3 million. In the year 2014, it declared N415.9 million and in 2014, they submitted N369.5 million. In a report that investigated the in-depth inspection of revenue records of the Ministry, NOVALSYS was clearly indicted for not giving proper records of reconciliation from 2010 when the contract was awarded and also presenting only computer printouts generated by them without backing it up with bank statements. The records they presented to the team of investigators were materially defective, with 2014 records missing or not printed by the consultant.

NOVALSYS begins its fraud

Soon after the contract was signed, the consultant assumed the status of a demi-god and acted like they employed staff of the Ministry of Trade and Investment. Whatever the Commercial Law Department told them to do mean nothing to them. They were playing the politics of the top, dining and wining directly with the then Permanet Secretary and Minister.

Without consulting with the CLD, they brought in a sub consultant called Upper Link Ltd. This led to the sharing formula of the ministry’s revenue splotting into four persons, with all of them maintaining accounts with Skye Bank, who later became part of the multi billion Naira fraud.

NOVALSYS charged commission of that ranges from N1500 to N3500 depending on the services rendered per transaction. It was this commission that the consultant were supposed to make their investment and profit, while remitting the balance to the coffers of the Ministry as well as share revenues among the four of them.

The ministry account number with Skye Bank is 1770393883 with 100% total revenue. The sub consultant brought by the main consultant, Upper Link Ltd smiled home with 6.7% as service charge. Commercial Law Department was given 6.7% as service charge while NOVALSYS bolted away with 86.6% service charge. The account maintained by the Commercial Law Department with Skye Bank was opened without approval from the Attorney General of the Federation (AGF).

In a bid to keep secret the real amount gotten through registration, the consultant refused to release details account details of CLD and Upper Link Ltd claiming that they were public relations account ran by him.

The contract with NOVALSYS ended in 2014 after raking in billions of Naira that could not be accounted for. Then abracadabra played out as NOVALSYS closed down its company and came up with another name. This time, they named it EINAO Solutions

Just like NOVAYSYS, the new company EINAO was registered by Nkwoji Collins with 800,000 shares while his brother Nkwoji Arinze has 50,000 shares and the company’s secretary, Esekhile Maureen has 150,000 and registered on 2nd May 2011 with RC Number 950181 while the former was registered on 12th June 2008 with RC 753050, but Nkwoji Collins added Ikemefuna to his name this time around with three entirely different directors and shareholders all holding equal shares of 2,000,000.

The same contract given to NOVASYS was duplicated for EINAO despite clear knowledge that they have been duping the ministry. There was an unseen hand behind this siphoning of billion s from the FG coffers. Secret Reporters was to know later.

To be continued…

Editor’s Note: Our reporter consistently fell sick while this report was written at exactly the same time


Amuda Dan Sulaiman Fab

The desperation of Governor Yahaya Bello’s faction of the All Progressives Congress (APC) in Kogi State has moved to compel all the 21 local government Administrators in the state to rent 500 persons from each council area to attend the party’s mega rally held at the Conference Stadium, Lokoja, yesterday, bringing the total figure of the rented crowd from the councils at N10,500.

The directive to rent the crowd, according to our findings, was conveyed to the council Administrators in a text message sent to their telephone lines last week.

The message reads: “Dear Administrator, directive from leadership that all Administrators MUST mobilize 500 people each from their LG to the state APC mega rally at Confluence Stadium, Lokoja on 17/2/2018 by 10am. Please all Administrators MUST be in attendance.”

Aggrieved party sources said the directive will cost tax-payers a whooping sum of N210 million or more because each local government has already voted N10 million each for the event.

It was also gathered that the cost could be more as some council Administrators also seize such opportunity to pad the figures up and fill their own pockets.

On its part, the state government, aside the purchase of a trailer load of textile materials with President Muhammadu Buhari and Bello’s inscription on the clothes, Yahaya Bello also chartered a helicopter that airlifted the APC National Chairman, Chief John Oyegun from Abuja to Obajana.

Upon the millions of Naira expended for the mega rally, only Alhaji Yahaya Karaku, former Okene Local Government Council Chairman defected from the Peoples Democratic Party (PDP) to APC at the event yesterday.

Indeed, the youths mobilized to the mega rally were paid N5,000 each as appearance fee.

This is happening in a State where workers have not been paid their salaries for several months. Teachers are still been owed many months salaries.

The Lokoja township roads where millions of naira was invested into by the past administration have been abandoned due to “lack of  fund”, yet the governor has the fund to rent crowd for his endorsement for second term.


Secret Reporters

Following the clamour for Local Government elections in Akwa Ibom state, one would have been forgiven for hoping that the newly elected council chairmen and their vice would tow a different path to that of the state government in the area of financial management but insiders within has revealed that it’s not so.

Secret Reporters sources alleged that Governor Emmanuel Udom may have commenced way to begin bribing the Local Government Chairmen, to pave way for a smooth electoral operation in 2019. We gathered that the 31 LG chairmen of Akwa Ibom State and Vice Chairmen who camped at the Radisson Blu Hotel, Lagos for just three days are now millionaires.

According to one of our sources, who was in the know of how the money was disbursed for the trip; Udom through the new Commissioner for Local Government and Chieftaincy Affairs doled out N750 thousand to each Chairman, just for flight and three days hotel accommodation bringing the total sum to Twenty three million, Two Hundred and Fifty thousand Naira (N23,250,000) while each of the Vice Chairman got N600 thousand Naira for same purpose bringing the total financial ammunition to be Eighteen Million, Six hundred thousand Naira (N18,600,000).

This money given to them does not include their estacodes and allowances which a knowledgeable source disclosed was about N500 Thousand Naira for each person, which further reduced the state treasury by N31 Million.

Secret Reporters tab on the Chairmen indicated that they only went there “cool their brains after the hectic election period and not actually to learn. Sir, just ask one of them if they copied note during the lectures and you will not get an answer”, a source narrated to us in a facebook chat.

We gathered that the initial plan was to jet away to Barbados but the fear of criticism from Nigerians and indigenes of the States made them stop the plan and opted for Lagos.

Calls placed to Frank Archibong, who’s the ALGON Chairman and council boss of Eket to respond to our enquires failed, as he didn’t pick his calls.


Pictures is courtesy of Inibehe Effiong