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Coup Controversy: Military Traces N45bn From NDDC Accounts in Ongoing Probe
By: Fabian Apechihin
Military investigators probing the alleged coup plot against President Bola Tinubu’s administration have reportedly uncovered a trail of ₦45 billion disbursed from the Niger Delta Development Commission (NDDC) to several politically exposed persons and some soldiers detained over the purported conspiracy.
Earlier this month, Sahara Reporters claimed that 16 Nigerian Army officers had been arrested for allegedly plotting a coup d’état. The report linked the alleged plot to the cancellation of Nigeria’s 65th Independence Day celebration by the Federal Government.
However, the Defence Headquarters, through its spokesperson Brig. Gen. Tukur Gusau, swiftly dismissed the coup claims, clarifying that the detained officers were being investigated for professional misconduct, not treason.
Fresh Investigations and NDDC Links
New findings on Tuesday indicated that operatives of the Defence Intelligence Agency (DIA) raided the Abuja residence of former Bayelsa governor and ex-Minister of State for Petroleum, Timipre Sylva, as part of the ongoing investigation.
Following this development, investigators reportedly interrogated senior NDDC officials regarding the origin, beneficiaries, and use of the ₦45 billion fund. The revelation has caused panic at the NDDC headquarters amid fears that the probe could widen to expose deeper financial irregularities.
According to security sources, the suspicious transactions include payments for a shoreline project worth ₦45 billion, allegedly awarded to a former South-South governor, with portions of the funds traced to the bank accounts of some of the detained officers.
A source familiar with the investigation described it as “part of a broader intelligence-led effort to trace the movement of public funds.”
Tension at NDDC Headquarters
Multiple sources within the NDDC confirmed that the interrogation of top executives has created an atmosphere of anxiety among staff.
“Since the news broke, the mood here has been uneasy. Many directors are being cautious about their movements and communication,” one senior official told The PUNCH.
The NDDC spokesperson, Seledi Thompson-Wakama, declined to comment on the matter when contacted.
Sylva Denies Involvement
Meanwhile, Timipre Sylva has denied any link to the alleged coup or the NDDC transactions. His media aide, Chief Julius Bokoru, described the allegations as “the handiwork of desperate politicians eyeing the 2027 elections.”
Bokoru confirmed that DIA operatives raided Sylva’s Abuja residence last Saturday, arresting his younger brother, Paga Sylva, and his driver, both of whom remain in custody. Sylva, however, was abroad during the operation — reportedly in the United Kingdom for medical checks before travelling to Malaysia for a professional conference.
He noted that nothing was seized from Sylva’s home, though a close associate revealed that “several doors and appliances were damaged during the raid.”
Bokoru reiterated that Sylva, a staunch supporter of President Tinubu, “has no involvement whatsoever — either in planning or logistics — with any coup plot.”
“Chief Sylva is a democrat whose political journey has always been rooted in constitutional and electoral processes,” Bokoru added.
The Defence Headquarters has maintained that reports of a coup are “false, misleading, and malicious”, insisting that the detained officers remain under investigation solely for disciplinary violations.
Would you like me to make this version read more like a front-page newspaper story (shorter sentences, bolder tone), or keep this detailed investigative style?
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ADC Honours Fallen Heroes, Criticises Tinubu’s Absence on Armed Forces Remembrance Day
Fabian Apechihin
The African Democratic Congress (ADC) has marked the 2026 Armed Forces Remembrance Day, paying tribute to fallen and serving members of the Nigerian Armed Forces, while criticising President Bola Tinubu for his absence at the national ceremony.
The party described the President’s non-attendance at an event meant to promote national unity, reflection and support for troops and their families as troubling, stressing that the physical presence of the Commander-in-Chief carries strong moral and symbolic value for soldiers on the frontlines.
This position was outlined in a statement issued on Thursday by the ADC’s National Publicity Secretary, Bolaji Abdullahi.
According to the ADC, Armed Forces Remembrance Day is more than a ceremonial occasion and requires visible leadership and collective national mourning, especially at a time when security personnel are battling multiple threats across the country.
The party noted that the day is dedicated to honouring the courage, sacrifice and patriotism of military personnel who laid down their lives in defence of Nigeria, adding that such a solemn occasion demands leadership at the highest level.
It argued that the President’s absence weakened the sense of solidarity with troops and military families who continue to shoulder the burden of the nation’s security challenges.
The ADC also linked the issue to the growing pressure on the armed forces, pointing out that soldiers remain overstretched as they confront insurgency, banditry and violent crime in different parts of the country.
The party maintained that leadership should not be reduced to symbolism or delegated during periods of national difficulty, insisting that the Commander-in-Chief’s presence on such a day reflects respect, accountability and shared sacrifice.
Reaffirming its support, the ADC said it honours fallen heroes, stands with serving personnel and recognises the resilience of military families, while calling for leadership that prioritises responsibility, clear strategy and genuine political commitment over image management, foreign engagements or political convenience.
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Nigeria Removed from European Union’s Financial High-Risk List
Fabian Apechihin
Nigeria has been removed from the European Union’s list of high-risk jurisdictions, a move expected to improve trade, financial transactions, and investment flows between the country and Europe.
The European Commission confirmed the decision on Wednesday, according to a report by Business Insider. Nigeria was delisted alongside South Africa, Burkina Faso, Mali, Mozambique, and Tanzania.
In a statement, the commission said the affected countries had strengthened their anti-money laundering and counter-terrorism financing (AML/CFT) frameworks and no longer posed “strategic deficiencies” under the EU’s assessment criteria. It added that the reforms brought their financial systems in line with international standards set by the Financial Action Task Force (FATF).
Reacting to the development, the Minister of State for Finance, Doris Uzoka-Anite, described the decision as a significant boost to investor confidence. Writing on X on Thursday, she said: “Big win for Nigeria! Removed from EU’s financial ‘high-risk’ list! Congrats to President Bola Ahmed Tinubu on this achievement. As minister of state for finance, I’m proud of this boost to trade and investor confidence.”
Nigeria’s removal from the list marks a major shift from its previous status, which subjected transactions with European partners to enhanced due diligence and stricter documentation requirements. That designation had increased scrutiny of Nigerian banks and businesses, often slowing cross-border trade and complicating investment processes.
Analysts say the delisting could help improve Nigeria’s access to European financial markets, reduce transaction costs, and strengthen confidence among foreign investors.
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US Approves $413m for Military Operations in Nigeria Amid Rising Insecurity
Fabian Apechihin
The United States government has approved $413.046 million (about ₦587 billion) to support military operations in Nigeria and other West African countries as part of efforts to combat worsening insecurity in the region.
The funding, aimed at addressing threats such as terrorism and banditry, forms part of the US National Defense Authorization Act (NDAA) for the 2026 fiscal year. The wide-ranging defence bill, which authorises a total global military budget of $901 billion, was signed into law by President Donald Trump on December 18, 2025.
Under the Act, the allocation for the US Africa Command (AFRICOM) falls within the “Operations and Maintenance” category, with a focus on strengthening counter-terrorism operations and degrading extremist networks across West Africa.
The approval follows recent direct US military engagement in Nigeria. On Christmas Day 2025, American forces carried out airstrikes on terrorist hideouts in Sokoto State. In addition, AFRICOM delivered a new batch of military equipment to Nigerian security agencies earlier this week.
The equipment handover, which took place in Abuja, is widely viewed as a strategic move to modernise Nigeria’s military capabilities and enhance its operational effectiveness against insurgent groups.
Beyond financial and logistical support, the NDAA 2026 also introduces institutional reforms affecting US engagement in Africa. The Act establishes a new Bureau of African Affairs and creates the position of Assistant Secretary for African Affairs within the US Department of State.
These new offices will oversee US foreign policy and coordinate security assistance across sub-Saharan Africa. The legislation also mandates a comprehensive review of Russia’s expanding military footprint and influence on the continent, highlighting Washington’s intent to confront geopolitical competition alongside counter-terrorism efforts.
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