Investogist
No Result
View All Result
Friday, May 8, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Ecobank to Raise Fresh Capital Through New Tier 2 Nature Notes

    Ecobank to Raise Fresh Capital Through New Tier 2 Nature Notes

    Senate Confirms Joseph Olasunkanmi Tegbe as Nigeria’s New Minister of Power

    Senate Confirms Joseph Olasunkanmi Tegbe as Nigeria’s New Minister of Power

    DAAR Communications Clarifies Shareholding Records Dispute, Dismisses Online Report

    DAAR Communications Clarifies Shareholding Records Dispute, Dismisses Online Report

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

    NGX sanctions Meristem, CSL Stockbrokers, others over market rule breaches

    NGX sanctions Meristem, CSL Stockbrokers, others over market rule breaches

    Gunmen abduct unidentified man in Anambra state

    Terrorists Attack Two Churches in Kaduna on Easter Sunday, Kill at Least Seven, Abducts Others

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    DAAR Communications Clarifies Shareholding Records Dispute, Dismisses Online Report

    DAAR Communications Clarifies Shareholding Records Dispute, Dismisses Online Report

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Reveals Plans to Build 20,000MW Power Plant

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa Announces Total Voting Rights and Share Capital

    Equity market dragged to N188bn loss

    NGX Group Releases Q1 2026 Results

    Access Holdings Profit Surges 22% in Q1 2026

    Access Holdings Profit Surges 22% in Q1 2026

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Unilever Nigeria Discloses Foods Deal with McCormick

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Ecobank to Raise Fresh Capital Through New Tier 2 Nature Notes

    Ecobank to Raise Fresh Capital Through New Tier 2 Nature Notes

    Senate Confirms Joseph Olasunkanmi Tegbe as Nigeria’s New Minister of Power

    Senate Confirms Joseph Olasunkanmi Tegbe as Nigeria’s New Minister of Power

    DAAR Communications Clarifies Shareholding Records Dispute, Dismisses Online Report

    DAAR Communications Clarifies Shareholding Records Dispute, Dismisses Online Report

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    FG Orders Immediate Withdrawal of Passports from Nigerians Who Renounce Citizenship

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Nigerian Breweries Confirms Fire at Aba Warehouse

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

    Livingtrust Mortgage Bank Denies Nairaland Money-Laundering Allegations

    NGX sanctions Meristem, CSL Stockbrokers, others over market rule breaches

    NGX sanctions Meristem, CSL Stockbrokers, others over market rule breaches

    Gunmen abduct unidentified man in Anambra state

    Terrorists Attack Two Churches in Kaduna on Easter Sunday, Kill at Least Seven, Abducts Others

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Oando JV Supplies Gas to Power Bayelsa’s New 60MW IPP

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Sugar to Raise ₦500bn via Rights Issue to Cut Debt, Fund Expansion

    Dangote Cement Profits Soar to ₦743bn on Price Increase

    African Governments Seek Fuel from Dangote Refinery

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Providus Bank Exceeds CBN Recapitalisation Requirements, Capital Base Hits ₦65 Billion

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Nigeria’s capital market is set to adopt a T+1 settlement cycle from May 29

    Deep Capital Approves Capital Increase, Restructuring Plnn

    Deep Capital Approves Capital Increase, Restructuring Plnn

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    DAAR Communications Clarifies Shareholding Records Dispute, Dismisses Online Report

    DAAR Communications Clarifies Shareholding Records Dispute, Dismisses Online Report

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    Dangote Reveals Plans to Build 20,000MW Power Plant

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa Announces Total Voting Rights and Share Capital

    Equity market dragged to N188bn loss

    NGX Group Releases Q1 2026 Results

    Access Holdings Profit Surges 22% in Q1 2026

    Access Holdings Profit Surges 22% in Q1 2026

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    Unilever Declares ₦3.25 Final Dividend For 2025 FY

    Unilever Nigeria Discloses Foods Deal with McCormick

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    Nigeria Regains Frontier Market Status in Major Boost for Stocks

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home News

VIDEO: APC Campaign calls for Atiku’s arrest over alleged corruption via SPVs

Tuesday, 17 January 2023, 10:44 am
in News, Nigeria
0
VIDEO: APC Campaign calls for Atiku’s arrest over alleged corruption via SPVs
Share Share Share Share Send as Email

The Presidential Campaign Council of the rulling party, All Progressives Congress (APC) has called for the arrest and prosecution of the People’s Democratic Party (PDP) presidential candidate, Atiku Abubakar, over a recent revelation of alleged collusion with former President Olusegun Obasanjo to loot public funds via ‘Special Purpose Vehicles’ (SPVs) when they were in power.

The campaign council made the call on Monday at a world press conference, citing the revelations made by a whistleblower, Michael Achimugu last week, who said he was a former aide of Atiku.

The Director of Public Affairs and chief spokesperson of the APC presidential campaign council, Festus Keyamo (SAN), said Atiku must apologise and renounce his presidential ambition.

Watch full video on Facebook 

Achimugu, had alleged that Atiku used phony companies called ‘Special Purpose Vehicles’ (SPVs) to receive bribes and divert public funds when he was vice president of Nigeria under Obasanjo.

The campaign council also played an audio recording of alleged phone conversion between Achimugu and Atiku, in which the former vice president admitted that while serving as deputy to Obasanjo between 1999 and 2007, he founded the SPVs with the aim to “carry out certain activities” in a deceitful bid to avoid being linked to corruption.

Keyamo, who is also the minister of State for Labour and Productivity said that insisted on the arrest of Atiku, saying the former vice president does not enjoy immunity simply because he is a presidential candidate. He said Atiku must apologise and renounce his presidential ambition.

“We understand that the law enforcement agencies may be reluctant to act simply because of the perception of persecution of a presidential candidate that this may evoke.”

A text of the world press conference in which Keyamo read from reads: “For about a week now, Nigerians have been in deep shock over the grave revelations by a whistle-blower, Mr. Michael Achimugu, who has provided the nation with iron-cast evidence of letters of appointment by Alhaji Atiku Abubakar, emails, documents, audio clips, sworn affidavit and direct oral evidence as to how Alhaji Atiku Abubakar (who happens to be the Presidential Candidate of the Peoples Democratic Party) during his tenure as Vice-President of Nigeria between 1999 and 2007, colluded with his then boss, President Olusegun Obasanjo, to fleece the country and steal public funds using what he termed “Special Purpose Vehicles” (SPVs).

“Those SPVs were companies Atiku admittedly registered upon assumption of office as Vice-President (with the approval of President Olusegun Obasanjo) using “trusted allies” as shareholders and Directors. The purpose was to divert government contracts to these companies as “consultants” and then paid monies into these companies and used those monies to fund the PDP and their private businesses and family activities.

“We can all vividly recall that during that tenure, both President Olusegun Obasanjo and Atiku Abubakar built the Bells University and American University respectively. Now, we know from where the funds came.

“We hereby make available Certified True Copies of the affidavit sworn to and released to the public by the whistleblower, Mr. Michael Achimugu, giving graphic details of all that transpired, including attached documents. Let us also play to you the voice recording he did of Atiku Abubakar. Note that he provided the time of the call, the phone number used and the emails immediately preceding the call.”

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

Related Posts:

  • Seun Kuti
    [VIDEO]: Seun Kuti arrested, detained over alleged…
  • Police
    No arrest over alleged BVAs manipulation- Police
  • Cletus Ibeto
    Court orders Cletus Ibeto’s arrest over alleged N4.8bn fraud
  • APC
    APC Lagos suspends campaign over cash crunch, fuel scarcity
Previous Post

The Microsoft AI tool that can mimic anyone’s voice

Next Post

18 people, 16 cows dead, many injured in Kebbi Auto Crash

Next Post
18 people, 16 cows dead, many injured in Kebbi Auto Crash

18 people, 16 cows dead, many injured in Kebbi Auto Crash

Please login to join discussion
  • Trending
  • Comments
  • Latest
United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

Access Bank UK set to acquire Mauritius  AfrAsia Bank

Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

Dangote Reveals Plans to Build 20,000MW Power Plant

Ecobank to Raise Fresh Capital Through New Tier 2 Nature Notes

Ecobank to Raise Fresh Capital Through New Tier 2 Nature Notes

Access Bank UK set to acquire Mauritius  AfrAsia Bank

Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

Senate Confirms Joseph Olasunkanmi Tegbe as Nigeria’s New Minister of Power

Senate Confirms Joseph Olasunkanmi Tegbe as Nigeria’s New Minister of Power

United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved