General News
Exclusive: Gov. Sheriff Acts Deaf And Dumb As State’s Trust Bank Chairman, Jude Ogbimi Sinks Bank Further
Secrets Reporters
The internal turmoil within Delta Trust Mortgage Bank Limited has reached a tipping point as sources reveal concerns have been raised about the erratic and dangerous conduct of the bank’s new Board Chairman, Hon. Jude Omena Ogbimi.
Insider sources told our Reporter that the bank, licensed by the Central Bank of Nigeria (CBN) and regarded as a pillar in the state’s financial ecosystem, is teetering on the brink of collapse. The crisis reportedly stems from Ogbimi’s unorthodox and allegedly corrupt practices since taking up the role of chairman. His actions, which reportedly breach both regulatory laws and corporate governance principles, have led to widespread disarray in the bank’s daily operations.
We gathered that Ogbimi wasted no time in throwing the bank into disorder. On his first day in office, sources revealed that he arrived early and, with a political aide in tow—someone not employed by the bank—proceeded to the vault for a cash count. This breach of standard financial protocols and regulatory laws concerning security measures set off immediate alarms within the institution. “This is unheard of in the banking world,” one insider stated.
Ogbimi’s actions didn’t stop there. At only his second board meeting, he directed that the Executive Director and the MD/CEO be barred from attending Board Credit Committee meetings. The chairman claimed to have consulted “senior banking officials” regarding the decision. However, documents reveal that this move violated CBN guidelines, which mandate the involvement of these key executives to ensure proper oversight.
The chairman’s hiring practices have also raised eyebrows. Sources disclosed that Ogbimi has handpicked individuals with little to no banking experience, bypassing the bank’s strict recruitment protocols. For example, a former school teacher, with a background limited to contract work as a teller, was hired without undergoing the necessary training or vetting. This individual was strategically positioned in the Abuja office, allegedly to monitor operations on Ogbimi’s behalf.
“The appointments are alarming,” one senior bank official told us. “It’s clear these hires are meant to serve his interests, not the bank’s.”
Despite being a non-executive chairman—and yet to be confirmed by the Central Bank of Nigeria (CBN) as required by regulations—insiders have revealed that Hon. Ogbimi has steadily overstepped his role, engaging in executive duties far beyond his remit. His interference in procurement decisions, vendor selections, and payment terms has created significant operational challenges. Furthermore, it was disclosed that he unilaterally added himself as a signatory to one of the bank’s accounts at Zenith Bank, linked to Crestviaro Nig. Ltd, with plans to extend this overreach to all accounts. According to sources, this move has alarmed senior officials, who view it as a dangerous violation of corporate governance that needs to be addressed immediately.
His unilateral decisions, particularly those concerning staffing and internal audits, have further weakened the bank’s governance structure. Staff members who are not aligned with Ogbimi’s faction reportedly face harassment and victimization.
One of the more egregious examples of Ogbimi’s influence involved a procurement contract for interlocking stones at the bank’s Warri branch. Initially, three quotes were obtained, with the lowest being ₦2.5 million. However, Ogbimi allegedly intervened, securing a revised quote of ₦7.6 million from the highest bidder. The substantial difference in cost raised immediate suspicions of foul play.
“I was shocked,” said a senior official. “It’s not just about the money; it’s about the disregard for due process.”
Sources indicate that Ogbimi’s leadership style has created a toxic work environment within Delta Trust Mortgage Bank. Employees are reportedly divided into factions, with loyalty to Ogbimi being the primary factor in career progression. Those who do not align with him face intimidation and public beratement.
Beyond financial meddling, sources revealed that Hon. Ogbimi has engaged in improper staff reassignments, transferring employees to roles far outside their qualifications. A computer science master’s degree holder, for example, was moved to the Mortgage Department, while an unqualified individual was assigned to the ICT Department. Such moves are seen as an attempt by Ogbimi to plant loyalists in strategic positions, thereby enabling him to control the institution’s activities with minimal resistance. In a further display of power, he reportedly ordered a non-executive director in his camp to embark on internal audits at various bank locations, including the Abuja Contact Center, bypassing regulations and adding to concerns of loyalty-based promotions and assignments.
Hon. Ogbimi’s political biases have also stirred controversy. Sources disclosed that he directed the erection of politically charged billboards in Ughelli, showcasing images of the governor, himself, and select board members. These billboards, which bore no relation to the bank’s services or products, were funded at the bank’s expense, raising questions about the misuse of corporate funds for personal and political gain. Furthermore, his derogatory remarks about Isoko political leaders during internal meetings—referring to them as “illiterates and sycophants”—have reportedly demoralized staff and poisoned the work environment.
Another troubling revelation involves Ogbimi’s alleged harassment and witch-hunting of the bank’s MD/CEO. According to insiders, the chairman has initiated a revision of the bank’s Human Capital Manual, aiming to unjustly reduce the MD’s exit entitlements as she approaches the end of her tenure. This intimidation tactic, designed to weaken her authority, appears to be part of a larger strategy to seize full control of the bank’s financial operations. In what sources describe as a systematic harassment campaign, Hon. Ogbimi has been spreading unfounded allegations against the MD, including the outrageous claim that she was responsible for the death of a former director, Chief George Ugen. Insiders described the chairman’s actions as a deliberate campaign to undermine the MD/CEO and force her resignation. “He brags openly about forcing her out,” one source revealed. “He’s even boasted that he plans to run the bank himself by January 2025.”
Extravagant trips made by Ogbimi and his associates, at the expense of the bank, have further raised red flags. Insiders revealed that the chairman recently embarked on a frivolous trip to Abuja with his inner circle, costing the bank over N7 million, despite the absence of prior board approval or involvement of the MD. Such actions, sources said, not only breach regulatory standards but set a dangerous precedent for unchecked financial abuses.
His continuous overreach into executive roles has rendered the MD/CEO and senior management powerless to execute their duties effectively. The situation, they said, has reached a tipping point, with calls for urgent intervention to prevent further destabilization of the bank. But, despite these allegations being raised in multiple correspondences, Governor Sheriff Oborevwori has remained silent. The lack of intervention has left employees and stakeholders in a state of anxiety as the bank’s future hangs in the balance.
General News
Army Builds Schools, Town Halls as Questions Grow Over Nigeria’s Deepening Security Crisis
Secrets Reporters
As Nigeria continues to battle kidnappings, banditry, insurgency and violent attacks across several states, the Nigerian Army has shifted part of its public engagement toward community development, unveiling schools, town halls, boreholes and other infrastructure under its Civil-Military Cooperation (CIMIC) programme.
The Army says it has now completed more than 250 intervention projects nationwide, including schools, hospitals, roads, ICT centres, solar-powered facilities and water projects. The announcement came during the 163rd Nigerian Army Day Celebration (NADCEL 2026) in Rivers State, where Chief of Army Staff, Lieutenant General Waidi Shaibu, commissioned four new projects across the state’s three senatorial districts.
According to SecretsReporters‘ analysis, the Army’s expanding role in providing public infrastructure reflects a significant evolution in its relationship with civilians. While such interventions may improve public goodwill, they also expose a difficult reality: many communities are celebrating projects that ordinarily fall within the constitutional responsibilities of local, state and federal government institutions.
SecretsReporters further observes that although schools, boreholes and community halls can improve the lives of residents, they cannot replace the primary expectation Nigerians have of the military protecting lives, securing communities and restoring confidence in areas where criminal violence has become routine. Across many parts of the country, citizens continue to measure security agencies not by the number of projects commissioned but by whether they can travel safely, farm without fear and sleep without the threat of attacks.
The four projects commissioned in Rivers include the renovation of Community Secondary School, Obio/Akpor, Community Secondary School in Lueku, Khana Local Government Area, the reconstruction of a Community Town Hall in Oyigbo Local Government Area and the installation of a solar-powered borehole in Degema Local Government Area.
Speaking during the commissioning, Lieutenant General Shaibu said the projects demonstrate the Army’s commitment to complementing military operations with initiatives that directly improve the lives of citizens. He argued that lasting national security cannot be achieved through military action alone and described the Army’s Civil-Military Cooperation programme as a strategic platform for building confidence between soldiers and host communities.
The Army Chief disclosed that more than 250 intervention projects have now been completed across Nigeria, covering hospitals, classroom blocks, roads, ICT centers, solar lighting systems and water supply facilities. He urged benefiting communities to protect the projects and acknowledged President Bola Ahmed Tinubu for supporting the Army’s operational activities.
Earlier, the Chief of Civil-Military Affairs, Major General Musa Etsu-Ndagi, said the Rivers projects were deliberately distributed across the state’s three senatorial districts to ensure wider community impact.
Chairman of Obio/Akpor Local Government Area, Honourable Gift Worlu, welcomed the intervention, describing the renovated schools as a boost to education within the council.
For SecretsReporters, however, the larger issue extends beyond the ribbon-cutting ceremony. The growing visibility of military-led community projects raises broader questions about governance, institutional boundaries and public accountability. While civil-military cooperation is recognized globally as a tool for strengthening trust between armed forces and civilians, it is not designed to substitute for effective governance or diminish the military’s constitutional responsibility to defend the country.
The latest intervention also comes at a time when security remains one of Nigeria’s most pressing national concerns. In several parts of the country, communities continue to experience attacks by armed groups, while thousands of citizens have been displaced and economic activities disrupted by persistent insecurity.
General News
Emem Usoro Scandal: Journalist Stanley Ugagbe Remanded in Kuje Prison Over Cybercrime Charges
Secrets Reporters
Journalist Stanley Ugagbe has been remanded at the Kuje Correctional Centre by the Federal High Court in Abuja following his arraignment on a six-count charge filed by the Inspector-General of Police over publications concerning the Deputy Governor of the Central Bank of Nigeria (CBN), Emem Usoro.
Ugagbe was arraigned before Justice Salim Olasupo Ibrahim on Monday morning, where the charges were read to him. Following the proceedings, the court ordered that he be remanded in the Kuje Correctional Centre and adjourned the case until September 21st for trial.
The development marks the latest chapter in a case that has drawn attention from journalists and press freedom advocates nationally and internationally following Ugagbe’s arrest and detention by the Nigeria Police Force.
The charges stem from criminal proceedings instituted by the Inspector-General of Police before the Federal High Court in Abuja, accusing Ugagbe and Fejiro Oliver of conspiracy, cyberstalking and defamation arising from a series of reports titled “Exclusive: CBN Deputy Governor Emem Nnana Usoro Hides N1.4 Billion California Luxury Condo in Asset Declaration Scandal – Part 1”; “EXCLUSIVE: CBN Deputy Governor Emem Usoro Linked to N3.6bn Los Angeles Property Amid Questions Over Asset Declaration Compliance (Part 2)” published on SecretsReporters.
According to the charge sheet, the prosecution alleged that the defendants conspired to commit cyberstalking contrary to the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015 (as amended in 2024). The police further accused Ugagbe of publishing stories alleging that the CBN deputy governor concealed a luxury property in California in her asset declaration, was linked to a multi-billion naira property in Los Angeles, and published another report concerning her personal life. The prosecution contended that the publications were false and constituted cyberstalking and defamation under the Cybercrimes Act and the Penal Code.
With the court now ordering his remand at the Kuje Correctional Centre, Ugagbe will remain in custody pending the next hearing, which has been fixed for September. The court is expected to consider issues relating to his bail and continue proceedings on the substantive charges at the adjourned date.
Recall that Ugagbe’s ordeal began on July 1, 2026, when armed men reportedly abducted him on his way home from work. The operatives confiscated his mobile phones and laptop before taking him away in an unmarked vehicle. For several days, neither his family nor his employer knew his whereabouts.
His disappearance sparked widespread condemnation from media organizations, including the Nigeria Union of Journalists (NUJ), which demanded that security agencies disclose his whereabouts, grant him access to his family and legal representatives, and either charge him before a competent court or release him.
International organizations also reacted. The Committee to Protect Journalists (CPJ) called on Nigerian authorities to investigate his disappearance and ensure his immediate safety, while the International Press Institute (IPI Nigeria) intervened in efforts that eventually led to his release from police custody.
Following his release on July 6, Ugagbe was granted bail while police reportedly continued investigating allegations, including espionage, cyberstalking, and other computer-related offences.
General News
ICPC Probes News Agency of Nigeria Over Alleged Recruitment Irregularities After Secrets Reporters Expose
SecretsReporters
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced an investigation into alleged recruitment irregularities at the News Agency of Nigeria (NAN), seeking records relating to the agency’s employment and staff regularisation exercises conducted between 2024 and 2026.
The development comes days after SecretsReporters publication, titled “Alleged Sexual Harassment, Recruitment Controversy Rock News Agency of Nigeria as Female Employee Questions Grade Level Placement”.
The anti-corruption agency has formally requested a comprehensive range of recruitment and personnel records from NAN as part of an ongoing investigation into possible violations of the Corrupt Practices and Other Related Offences Act, 2000.
In a letter dated July 6, 2026, and addressed to the Managing Director/Chief Executive Officer of NAN, the ICPC directed the agency to produce the requested documents and designate a competent officer to appear before investigators at the Commission’s headquarters in Abuja.
The letter, signed by the Director of Operations on behalf of the Chairman of the ICPC, stated that the request was made pursuant to Section 38 of the Corrupt Practices and Other Related Offences Act, 2000, which empowers the Commission to obtain documents and information required for the purpose of investigations.
According to the letter, investigators requested all records relating to NAN’s recruitment and staff regularisation exercises between 2024 and 2026.
The Commission specifically requested recruitment advertisements, eligibility and selection criteria, lists of shortlisted applicants, names of successful candidates, and minutes of meetings of committees involved in the recruitment process.
The ICPC also requested the personnel file of Ogunola Folashade Adunni, together with any additional information that could assist investigators in determining whether due process was followed during the recruitment exercise.
Part of the letter reads: “This Commission is investigating an alleged violation of the Corrupt Practices and Other Related Offences Act, 2000 and it has become necessary to obtain certain documents/information from your office.”
It further directed NAN to ensure that a competent officer appeared before investigators with all relevant recruitment and personnel records requested by the Commission.
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