SPECIAL REPORT
THE BIG FRAUD: HOW PRESIDENT JONATHAN AND PETER OBI USED NIGER BRIDGE TO MILK NATIONAL TREASURY
The construction of 2nd Niger Bridge through a Public Private Partnership involving Julius Berger -NSIA Consortium and tolling the Igbo people for 25 years thereafter is another 419 on the Biafran Igbo citizens of South East Nigeria. According to the terms of this fraudulent business, the project is a Design, Finance, Build, Operate and Transfer (DFBOT) model to cost N117 Billion naira with the Federal Government contributing a paltry N30 billion naira while the consortium will raise the rest of the funds and thereafter hold the Igbo people to ransom by collecting a 25 year toll tax for raising the rest of the funds offshore.
President Jonathan speaking at the ground breaking ceremony at Onitsha in March 2014 said that “as part of our administration’s Transformation Agenda in the road sector, we have set out to construct two very important new bridges, across our Nation’s two great rivers – the River Niger and River Benue.These are the Loko-Oweto Bridge linking Nasarawa and Benue States,which is progressing satisfactorily, and this 2nd Niger Bridge, connecting Anambra and Delta States.” It is worthy to note that the other bridges are being constructed by Jonathan regime without any PPP and without any toll tax on the people of Benue and Nasarrawa States.
This means that all President Ebele Jonathan can do for the Igbos since they gave him unprecedented support since 2010 is to contribute only N30 billion naira while some Shylock consortium raises the rest of the money and milks the Igbo nation for 25 years.
Experts have told me that the bridge is not supposed to cost anything above N50 billion , going by Nigerian standard of cost inflation, including the 11 km access roads. However, this contract cost was doubled overnight to N117 billion naira to justify the financial heist on Ndigbo. The fraudulent construction will cost N117 billion for a 1.5 km bridge while the 1.3 km Lekki-Ikoyi suspension Bridge cost only N29 billion naira. Thus the thieves jerked the cost of constructing the 2nd Niger bridge to 4 times the actual cost just to justify the rape on the over grateful Igbo nation.
Informed sources within Ohanaeze and among Igbo leaders and All Progressive Grand Alliance (APGA) have continued to echo that this 2nd Niger Bridge business venture is actually between Julius Berger, Ebele Jonathan and Peter Obi and that Mr Peter Obi’s 2nd Niger Bridge business venture will yield at least N12 billion naira annually. Reliable sources have revealed that whenever the bridge is finished, all heavy duty vehicles will pay N1000 toll fee while cars and mini buses will pay N500 naira. Tricycles will pay N200 while cyclists will pay N100 naira each time they pass through the bridge.
This criminal toll gate will yield the corrupt business consortium and their secret sponsors about N1 billion monthly. This means that in 4 years, the thieves would have recovered N50 billion which is the actual over-exaggerated cost of constructing (going by the Federal Ministry of Works Corrupt Standard). Going by the Governor Fashola Run Lagos State standard, the bridge will not cost anything above N30 billion naira and thieves will take about two years plus to recover their investments and the rest 22 years will be excess profit.
The financial interpretation of this criminality is that for 25 years with static revenue of N12 billion annually (ignoring the tendencies to increase the toll fee after 2 years) , the thieves will make N300 billion naira turnover with 250 billion naira as profit. This means that their investment is recouped within 4 years and the rest 21 years is profit. If the cost of such offshore long term cost is factored, usually 2.5 -5% per annum, and its future value for 25 years is factored, it cannot get any anywhere near N60 billion naira and yet the financial bandits are bandying N117 billion naira as cost of constructing the bridge.
The implication is that some politicians within the presidency and Anambra State Govt House have done 419 on the Igbo nation and we are all smiling like charmed drunks. If the entire Igbo nation is charmed, I am not. God will definitely disgrace the thieves that want to put the Igbo race into a slavish bondage of paying through the nose for a Niger Bridge when all the rest of Nigeria, from Benue to Kogi , Calabar to Lagos,Maidugeri to Sokoto and all over Nigeria has bridges, dams, silos, roads etc built with Federal Government money while the defeated Biafran Igbos of South East will have theirs built and tolled for 25 years.
For all the support Ndigbo gave Ebele Azikkiwe Jonathan since 2010, a PPP modeled 2nd Niger Bridge is far worse that what Awolowo did when Ojukwu released him from Calabar prison and he promised to declare Oduduwa Republic, but chickened out at the deceptive offer of Gowon. This time around, this disappointment is not from a Soyinka nor Obasajo nor Tinubu, rather it is under the supervision of “our cousin” Ebele Azikiwe Jonathan, and our former Chairman, Board of Trustees of All Progressive Grand Alliance (APGA) ‘Igbo Party” Peter Obi and world acclaimed Igbo Economist Okonjo Iwuala whose economic wisdom failed to notice the injustice and criminality in this transaction.
Condemning the fraud called 2nd Niger Bridge, former governor of Anambra State and serving senator, Dr Chris Ngige said that “The first is that the bridge is being built on a Public Private Partnership(PPP) deal, with overseas financiers. For that reason, the cost of the bridge suffered double inflation, both from the Nigeria end and the financiers who alleged cost of fund.
“The bridge, which should have cost N70 billion is now to cost N114 billion, that was why I told the South-East Senate Caucus that I was not going to be a part of it”. Ngige even got it wrong-the bridge should have cost between N30-N50 billion naira, and factoring cost of funds it should be t around N40-N60 Billion if PPP should be used.
Ohanaeze and all Igbo leaders should condemn this enslavement of Ndigbo through this over-bloated and fraudulent construction of a bridge and must demand immediately the cancellation of this PPP Design, Finance, Build, Operate and Transfer model .
Jonathan led Government should takeover the responsibility for the full construction of that bridge, and settle off the fraudulent consortium. This fraudulent 419 2nd Niger Bridge should be revised for a full scale Federal Government Built arrangement before another scandal erupts.
Written by Obinna Akukwe
SPECIAL REPORT
Nigerian Government Accuses Secrets Reporters Publisher Fejiro Oliver of Espionage, Invites Him For Questioning Days After Kidnapping Its Reporter
Secrets Reporters
The Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has invited the Publisher and Editor-in-Chief of Secrets Reporters, Mr. Tega Oghenedoro, also known as Mr. Fejiro Oliver, for questioning over an ongoing investigation into alleged offenses bordering on espionage, cyberstalking, and computer-related crimes, days after kidnapping one of SecretsReporters Senior Reporter Stanley Ugagbe
Recall that at the close of work on Wednesday the 1st of July, 2026, Ugagbe was kidnapped on his way home by officers of the NIgerian Police force in connection with a report published by SecretsReporters, titled “EXCLUSIVE: CBN Deputy Governor Emem Usoro Linked to N3.6bn Los Angeles Property Amid Questions Over Asset Declaration Compliance (Part 2)”
Mr Stanley was released on Monday by 7:30pm to the President of the International Press Institute (IPI), Mojeed Muskilu, who was on ground to ensure he was not detained further.
A letter dated 6 July 2026, with reference number CR: 3000/X/NPF-NCCC/FHQ/ABJ/TDP-LM/VOL.1/364, was issued by the National Cybercrime Centre and addressed to Mr. Oghenedoro at the media organization’s office in Wuye, Abuja.
According to the letter, the Cybercrime Centre stated that it is investigating “a case of espionage, cyberstalking, and computer-related offenses in which your name featured prominently.”
The police requested the publisher to report to the National Cybercrime Centre for an interview through the Assistant Director, Defence and Protection Unit, NPF-NCCC Abuja.
The invitation is scheduled to be held on Wednesday, 8th July 2026, at 10:00 a.m. at the Nigeria Police Force National Cybercrime Centre office, Plot 625, Mission Road, Diplomatic Zone, Abuja.
The letter also directed the invitee to contact a phone number listed in it for directions upon arrival. It concluded by requesting his cooperation with the investigation, stating that it “will be highly appreciated.”
The invitation letter was signed by DCP Olufemi Akinola, psc (+), Deputy Director (Operations), NPF-NCCC, Abuja.
In the course of detaining its senior reporter, Stanley Ugagbe, the government through the police accused Secrets Reporters of leaking government documents through its medium and spying on the government to foreign countries, a claim the publisher has denied.
As at the time of filing this report, the publisher has stated that he’s currently not in Nigeria and will answer the invitation as soon as he gets back to the country.
BEHIND THE SCENCES
Kidnapped SecretsReporters Journalist Stanley Ugagbe Found at Police Headquarters After 48 Hours Blindfolded Over Government Secrets Leak and Petition by CBN Deputy Governor Emem Usoro
Secrets Reporters
Fresh details have emerged regarding the whereabouts of abducted SecretsReporters journalist, Stanley Ugagbe, who was allegedly seized by armed men in mufti on his way home before being taken to his residence, where his laptop and mobile phone were confiscated.
SecretsReporters has obtained videos showing masked security operatives handcuffing and taking Ugagbe away. According to information available to this newspaper, he was intercepted by armed men in Karu, Abuja, while returning home from official training on Wednesday, July 1, 2026, at about 6:00 p.m.
Policemen in masks abducting Journalist Stanley Ugagbe
The operatives handcuffed him, took him to his residence in Jikwoyi, seized his work laptop and phone, blindfolded him and drove him to an undisclosed location.
As earlier reported by this newspaper, Ugagbe’s arrest is believed to be connected to a report published by SecretsReporters titled: “EXCLUSIVE: CBN Deputy Governor Emem Usoro Linked to N3.6bn Los Angeles Property Amid Questions Over Asset Declaration Compliance (Part 2).”
Sources said Ugagbe remained blindfolded throughout the night at the first location until Thursday, July 2. He was then driven to another facility, still blindfolded, before the blindfold was removed. SecretsReporters has since established that the facility was the National Cybercrime Centre (NCCC).
Sources within the NCCC told SecretsReporters that one of the petitions against the journalist was submitted by the Deputy Governor of the Central Bank of Nigeria, Emem Usoro, who reportedly alleged that he published false information about her.
According to the same sources, a second petition, allegedly submitted anonymously, accused the journalist platform of leaking sensitive government information and official secrets considered detrimental by the authorities.
During questioning, Ugagbe reportedly maintained that, as a reporter, he was assigned stories by the management of SecretsReporters and was not the custodian of the source materials used in preparing some investigative reports, as all investigations belongs to the organization.
The sources further stated that he noted that laptops, communication devices and other equipment used by him and other reporters in carrying out their official assignments are company property belonging to SecretsReporters.
Meanwhile, an examination of Ugagbe’s mobile phone call records obtained by SecretsReporters showed that his phone was switched on by security operatives at about 4:00 a.m. on July 2. During that period, four calls were received but went unanswered before the device was switched off again.
The Police is yet to officially own up to kidnapping the journalist.
General News
Exclusive: Ex Militant Tompolo Moves Niger Delta Traditional Rulers To Beg President Tinubu Over N2.1 Trillion Pipeline Surveillance Contract Renewal
Secrets Reporters
The battle for the renewal and cancellation of the N2.1 trillion pipeline surveillance awarded to two companies owned by two cousins namely Tantita Security Services Limited and Maton Engineering Limited has shifted to Abuja.
SecretsReporters can exclusively report that the decentralization of the pipeline surveillance championed by social activist and businessman, Tega Oghenedoro, popularly known as Fejiro Oliver, has led to President Bola Tinubu giving his words to stakeholders that he will split the contract along ethnic line, which has caused worries to Government Ekpemupolo aka Tompolo, who owns Tantita Security company covering the Western Corridors of the pipeline contract. His cousin Matthew Tolangha owns Maton Engineering Limited that covers the central corridor.
To convince the President that his company Tantita be solely responsible for holding the multi trillion Naira contract while subleasing to other minor companies, we can authoritatively report that he has bought flight tickets and reserved hotel accommodation for almost all the Niger Delta traditional rulers, apart from the first class kings who refused the gestures, to meet the President next week Thursday in Abuja. They will be leaving for Abuja on Wednesday, revealed several traditional rulers to this medium. The contract is due for renewal in August 2026 but has faced opposition from major stakeholders under the banner of ‘Guard your pipeline and I guard my own’, led by Fejiro Oliver and former Niger Delta agitators like HRM Ateke Tom, Victor Ben aka General Boyloaf, Ajube aka Shoot at Sight, Ateke Tom and many others. Recently, Niger Delta stakeholders such as Ayiri Emami and Diden Michael aka Ejele also joined in the call for the decentralization of the pipeline surveillance.
“We have been promised $5,000 per person after seeing Mr President, which is different from our already paid return flight tickers and hotel accommodation. We should be around hundred selected kings that will meet the President to discuss Niger Delta issues, pass a vote of confidence on Tinubu, endorse him for a second term, even though we know the main purpose is to tell him to give the contract back to Tompolo next month” narrated a king who craved anonymity. An estimated cost of the logistics and welfare package means over N5 billion may be spent by the warlord on the king’s alone.
The meeting we gathered was made possible by the embattled Chief of Staff, Femi Gbajabiamila, who is facing national heat for allegedly demanding for over Ten billion Naira bribe from Prince Adeyemi ‘fake’ Presidential Investment Council and the National Security Adviser, Nuhu Ribadu, who is at the forefront of ensuring that the contract is awarded back to Tompolo despite obvious resistance from the region.
The National Assembly committees on Gas, Midstream, Upstream and Downstream recently passed a vote of confidence on Tantita, a move condemned by stakeholders led by Ijaw Youth Council President, Theophilus Alaye during a two hour live coverage on national television.
Since the award of the contract to the ex militant, local oil bunkering has reduced drastically, yet oil production has been below the OPEC benchmark.
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