Investogist
No Result
View All Result
Friday, July 10, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Oil prices surge as US-Iran tensions reignite

    Oil prices surge as US-Iran tensions reignite

    Xenergi Plc Extends ₦38/Share Tender Offer to Premier Paints Minority Shareholders Following 49.6% Stake Acquisition

    Xenergi Plc Extends ₦38/Share Tender Offer to Premier Paints Minority Shareholders Following 49.6% Stake Acquisition

    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Nigeria’s Long-Term Rating Upgraded to Aaa by Agusto & Co., Highest on National Scale

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    FG Orders Marketers to Cut Petrol Prices as Global Crude Crashes 40%

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FRSC to Begin Nationwide Recruitment July 3, 2026

    FRSC to Begin Nationwide Recruitment July 3, 2026

    Court Reverses its Ruling, Strips NDC of Registration Status

    Court Reverses its Ruling, Strips NDC of Registration Status

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Oil prices surge as US-Iran tensions reignite

    Oil prices surge as US-Iran tensions reignite

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote, Marketers Cut Petrol Depot Prices as FG Pushes for Lower Pump Prices

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    46 Microfinance Banks Shut Down by CBN: See Full List

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

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

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    Regency Insurance: Delay in 2025 Accounts Due to Pending Auditor Attestation, NAICOM Approval

    UBA Board Names Emmanuel Nnorom as Elumelu’s Successor

    UBA Board Names Emmanuel Nnorom as Elumelu’s Successor

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote, Marketers Cut Petrol Depot Prices as FG Pushes for Lower Pump Prices

    Tony Elumelu Steps Down as UBA Chairman, Hands Reins to Emmanuel Nnorom

    Tony Elumelu Steps Down as UBA Chairman, Hands Reins to Emmanuel Nnorom

    Caverton Offshore Extends Close period Due Audits Delay

    Caverton Offshore Extends Close period Due Audits Delay

    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Land Dispute: Ellah Lakes Issues Public Notice on Iguelaba Property

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Nigeria’s Long-Term Rating Upgraded to Aaa by Agusto & Co., Highest on National Scale

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    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

    • 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
    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Oil prices surge as US-Iran tensions reignite

    Oil prices surge as US-Iran tensions reignite

    Xenergi Plc Extends ₦38/Share Tender Offer to Premier Paints Minority Shareholders Following 49.6% Stake Acquisition

    Xenergi Plc Extends ₦38/Share Tender Offer to Premier Paints Minority Shareholders Following 49.6% Stake Acquisition

    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Nigeria’s Long-Term Rating Upgraded to Aaa by Agusto & Co., Highest on National Scale

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    FG Orders Marketers to Cut Petrol Prices as Global Crude Crashes 40%

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FRSC to Begin Nationwide Recruitment July 3, 2026

    FRSC to Begin Nationwide Recruitment July 3, 2026

    Court Reverses its Ruling, Strips NDC of Registration Status

    Court Reverses its Ruling, Strips NDC of Registration Status

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Oil prices surge as US-Iran tensions reignite

    Oil prices surge as US-Iran tensions reignite

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote, Marketers Cut Petrol Depot Prices as FG Pushes for Lower Pump Prices

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    46 Microfinance Banks Shut Down by CBN: See Full List

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

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

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Trump Launches New Strikes on Iran After Declaring Ceasefire Over

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    Regency Insurance: Delay in 2025 Accounts Due to Pending Auditor Attestation, NAICOM Approval

    UBA Board Names Emmanuel Nnorom as Elumelu’s Successor

    UBA Board Names Emmanuel Nnorom as Elumelu’s Successor

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    Dangote, Marketers Cut Petrol Depot Prices as FG Pushes for Lower Pump Prices

    Tony Elumelu Steps Down as UBA Chairman, Hands Reins to Emmanuel Nnorom

    Tony Elumelu Steps Down as UBA Chairman, Hands Reins to Emmanuel Nnorom

    Caverton Offshore Extends Close period Due Audits Delay

    Caverton Offshore Extends Close period Due Audits Delay

    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Land Dispute: Ellah Lakes Issues Public Notice on Iguelaba Property

    MTN Group Advances Talks to Buy remaining  75% Stake in IHS Towers for $2.76B

    MTN Nigeria’s Long-Term Rating Upgraded to Aaa by Agusto & Co., Highest on National Scale

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    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

    • 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
  • Defence Headquarters
    Defence HQ calls for calm amid viral video of UN…
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
Trump Launches New Strikes on Iran After Declaring Ceasefire Over

Trump Launches New Strikes on Iran After Declaring Ceasefire Over

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Xenergi Plc Extends ₦38/Share Tender Offer to Premier Paints Minority Shareholders Following 49.6% Stake Acquisition

Xenergi Plc Extends ₦38/Share Tender Offer to Premier Paints Minority Shareholders Following 49.6% Stake Acquisition

List of Active Stockbrokers on NSE: Is Your Stockbroker Active?

Trump Launches New Strikes on Iran After Declaring Ceasefire Over

Trump Launches New Strikes on Iran After Declaring Ceasefire Over

Oil prices surge as US-Iran tensions reignite

Oil prices surge as US-Iran tensions reignite

Xenergi Plc Extends ₦38/Share Tender Offer to Premier Paints Minority Shareholders Following 49.6% Stake Acquisition

Xenergi Plc Extends ₦38/Share Tender Offer to Premier Paints Minority Shareholders Following 49.6% Stake Acquisition

Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

Regency Insurance: Delay in 2025 Accounts Due to Pending Auditor Attestation, NAICOM Approval

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