Crime
Hadiza Bala Usman Faults BUA Chairman’s Claims On Port Concession Termination
Hadiza Bala Usman Faults BUA Chairman’s Claims On Port Concession Termination
Hadiza Bala Usman faults BUA chairman’s claims on port concession termination. Hadiza Bala Usman, special adviser to President Bola Tinubu on policy coordination, has accused Abdul Samad Rabiu, chairman of BUA Group, of “misleading the public” over the termination of the company’s concession at Rivers Port.
In his article, titled ‘Two years of President Tinubu: A business perspective’, Rabiu alleged that the NPA abruptly revoked his company’s concession without prior notice, claiming it was done to favour the associate of the former port chief.
“We started a new business in Port Harcourt four or five years ago under BUA Foods, operating at the Rivers Ports under a concession with the Nigerian Ports Authority,” the BUA chairman had said.
“It was going very well. One day, we woke up to a letter stating that the concession had been revoked, the terminal shut down, and the lease agreement terminated. There was no prior warning, no issue, no conflict.
“Later, we discovered that the Managing Director of NPA at the time decided to close the business simply because our operations were competing with those of her friend. She wanted to impress her friend.
That was the only reason. Today, that kind of thing cannot happen.”
Responding to the article in a statement on Sunday, Usman described Rabiu’s version of events as “barefaced lies” aimed at misleading the public and shifting the blame for the group’s contractual failures.
Usman, who served as the NPA managing director from 2016 to 2021, said the facts contradict Rabiu’s narrative.
“This is a blatant lie. It is not just that the BUA Group received numerous notifications and warnings about its negligence of contractual responsibilities; some of these warnings preceded my tenure as Managing Director,” she said.
“The facts of the matter are as follows: BUA Ports and Terminal Limited became concessionaires for Rivers Port Terminal B for a 20-year tenure through a concession agreement contract dated May 11, 2006. The Terminal was handed over to them for use with effect from August 10, 2006.
“As part of the terms of the agreement for the concession, BUA Ports and Terminal Limited was required to commence full reconstruction of Berths 5-8 within 90 days of the handover of the facility.
“Ten years after taking possession of the terminal and operating it, BUA had not commenced the rehabilitation of the quays that it was required to commence in 90 days.
“A notice of default was issued to the company on 11 February 2016, which was before my appointment as MD of the Nigerian Ports Authority.”
Usman said the letter, which cited “BUA’s failure” to honour its development obligations, followed earlier warnings issued in 2014 and early 2016.
However, she said the company “refused to honour this fundamental and material term” of its lease.
“In August 2016, another notice of default was issued under my leadership. Still, no action was taken. A three-month termination notice followed in November 2016,” she added.
“On receipt of the notice of termination, BUA Ports and Terminal sought and obtained a restraining order from the Federal High Court, Lagos, on 18 January 2018, barring the Authority from giving effect to the termination.”
‘RABIU USED HIS ACCESS TO BUHARI TO INFLUENCE DECISIONS IN BUA’S FAVOUR’
Usman said the NPA complied with the restraining order, allowing the company continued access to the facility.
She also alleged that Rabiu used his access to former President Muhammadu Buhari to influence decisions in his company’s favour, which “negated the country’s interests”.
“The company’s actions compromised the integrity of the adjoining berths and violated binding contractual obligations,” she said.
Hadiza Bala Usman Faults BUA
“It is, therefore, curious that the Chairman of BUA Group has continued to push this falsehood aimed at distracting Nigerians from seeing his company’s flagrant disregard of the binding contractual agreement.”
The special adviser urged BUA Group and its chairman to stop the “cheap blackmail” and work towards being a “responsible corporate body” that respects its commitments and contributes to national development.
The BUA Group is yet to formally respond to Bala Usman’s statement at the time of filing this report.
EFCC Arraigns Former SKye Bank Chairman, Tunde Ayeni For N15.6b Fraud
The Economic and Financial Crimes Commission, EFCC, on Monday, May 4, 2026, arraigned a former Chairman, Board of Directors of the defunct Skye Bank Plc, Tunde Ayeni before Justice Jude Onwuzuruike of the Federal Capital Territory, FCT, High Court, Apo, Abuja.
Ayeni was arraigned on a 17-count charge bordering on criminal breach of trust, misappropriation and conversion of investors’ funds to the tune N15,665,085,429 (Fifteen Billion, Six hundred and Sixty five Million, Eighty five thousand, Four Hundred and Twenty-nine Naira (N15,665,085,429).
Prosecution counsel E.E. Iheanacho, SAN, informed the court that the matter was slated for arraignment and prosecution ready for trial.
“We have before the court 17-count charge dated April 28, 2026, we humbly apply that the charge be read to the defendant”, he said.
Eereporter.com
Count three of the charge reads: “That you, Tunde Ayeni, whilst being the Chairman, Board of Directors of the defunct Skye Bank Plc between 21st of October, 2014 and 19th November, 2014 at Abuja within the jurisdiction of this Honourable Court and having dominion over depositors funds domiciled in the defunct Skye bank Plc’s Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the aggregate sum of Three billion, Two hundred and One million, Five Hundred and Thirty Five Thousand, Four Hundred and Twenty Nine Naira, Forty two kobo(N3,201,535,429.42) by transferring same to Misa Limited’s account No: 1011295717 and 1011295718 domiciled with Zenith Bank in Violation of the Prudential Guidelines and other regulations and thereby committed an offence contrary to Section 311 of the Penal Code and punishable under Section 312 of the same Act.
Count five of the charge reads: “That you Tunde Ayeni, whilst being the Chairman, Board of Directors of the Defunct Skye Bank Plc on or about 27th November, 2014, at Abuja within the Jurisdiction of this Honourable Court and having dominion over depositors’ funds domiciled in the defunct Skye bank Plc’s Suspense Account, committed criminal breach of trust when you dishonestly misappropriated the sum of Five Billion, Seventy Eight million, Five hundred and Fifty thousand Naira(N5, 078,550,000) by transferring same to Union Registrar Limited’s Account No: 0003490559 domiciled with Union Bank in violation of the Prudential Guidelines and other Regulations and thereby Committed an offence contrary to Section 311 of the Penal Code and Punishable under Section 312 of same Act.”
Fraud
Ayeni pleaded “not guilty” to the charges when they were read to him.
In view of his “not guilty” plea, Iheanacho prayed the court for a trial date and urged the court to remand the defendant in a Correctional Centre.
Defence counsel, Ahmed Raji Bashir, SAN, informed the court that the charge was given to the defendant on a public holiday adding that he considered it imperative to inform the court. He also prayed the court to release the defendant to him or return him to the custody of the EFCC.
Justice Onwuzuruike adjourned the matter to May 13, 2026, for hearing of the bail application, while the defendant was remanded at the Kuje Correctional Centre pending determination of bail application.
EFCC Arraigns Fake BDC Operator For Alleged N78. 2m Fraud In Onitsha
The Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has arraigned one Okeke Ejike Callistus, a fake Bureau De Change operator before Justice D. A. Onyefulu of the Anambra State High Court sitting in Onitsha, Anambra State.
Callistus was arraigned on a ten-count charge bordering on forgery and stealing to the tune of N78, 295, 000 (Seventy-eight million, Two hundred and Ninety-five thousand Naira).
Count one of the charge reads: “Mr. Okeke Ejike Callistus (trading under the name and style of Nwachimereze Amen Resources), sometime on the 2nd of May, 2024, at Onitsha, within the jurisdiction of the High Court of Anambra State, did commit a felony to wit: stealing by fraudulently converting to your personal use the sum of N62, 745, 000. 00 (Sixty-two million, Seven hundred and Forty-five thousand Naira) being property of Ezegwu Leonard Chinedu trading under the name and style of Leatez Enterprises and thereby committed an offence”.
Eereporter.com
Count two of the charge reads: “That you, Okeke Ejike Callistus (trading under the name and style of Nwachimereze Amen Resources), sometime between the 3rd to the 7th of May, 2024 at Onitsha, within the jurisdiction of the High Court of Anambra State, did commit a felony to wit: stealing by fraudulently converting to your personal use the sum of N15, 550, 000. 00 (Fifteen million, Five hundred and Fifty thousand Naira) being property of Ezegwu Leonard Chinedu and thereby committed an offence”.
The offence contravenes Section 342 of the Criminal Code Law, Cap 36, Anambra State and punishable under Section 353 (12) of the same Law.
The defendant pleaded “not guilty” to the charges preferred against him by the Commission and in view of his plea, counsel to the EFCC, Assistant Commander of the EFCC, ACE II Rotimi Enitan Ajobiewe prayed the court for a trial date and for the defendant to be remanded at the facility of the Nigerian Correctional Service.
However, defence counsel, Hypolite Ohaneche informed the court about a pending bail application before it, moved it and prayed the court to admit his client to bail.
Ajobiewe opposed the bail application on the ground that “there is likelihood of the defendant jumping bail due to the fact that he previously jumped bail granted him by the Commission”.
After listening to both sides, Justice Onyefulu granted the defendant bail in the sum of N50million with two sureties. One of them must have a tax clearance certificate. The sureties must be related to the defendant, live within the jurisdiction of the court and have a National identification Number.
EFCC
The defendant was arrested when a petitioner, Ezeugwu Leonard Chinedu, claimed that he gave him the sum of N78, 295, 000 for onward transmission to his business partner in China.
Instead of remitting the money, the defendant remitted some and sent telex copies of “ABA Bank of Cambodia” for the outstanding amount, which upon presentation to the partner in China, were found to be fake.
During the course of investigation, the defendant admitted receiving the said sum but added that he diverted part of the money for his personal use.
Nigerian Navy Storms Dayspring Island, Routs Militants, Demolishes Hideout In Cross River
The Nigerian Navy has escalated its offensive against criminal elements in the maritime domain, delivering decisive blows to militant networks operating along the Calabar–Oron channel in Cross River State.
In a series of aggressive clearance operations, personnel of Nigerian Navy Ship (NNS) VICTORY and Forward Operating Base (FOB) IBAKA stormed Dayspring Island following the recent surge in kidnappings and related criminal activities.
The operation was anchored on the establishment of a forward security outpost at Idung 1 (Peacock Crossing), providing a tactical foothold for sustained dominance of the creeks and adjoining waterways.
The rapid offensive forced suspected militants to abandon their positions and flee upon contact with advancing naval troops. Maintaining relentless pressure, Nigerian Navy personnel, in conjunction with troops of the Nigerian Army 13 Brigade, secured key waterways and denied the criminals freedom of movement.
Eereporter.com
Exploitation of the area led to the discovery and destruction of a militant hideout linked to a notorious suspect known as “Juju” in the Idung axis. The suspect fled in disarray, abandoning two boats fitted with outboard engines, which were immediately seized. The hideout was subsequently demolished to eliminate its future use as a criminal sanctuary.
Further tightening the noose, troops tracked and apprehended one suspected informant providing support to the militant network. The suspect is currently in custody, undergoing interrogation and will be handed over to the appropriate authorities for prosecution.
Nigerian Navy
To consolidate operational gains and choke criminal activity, a 13-hour restriction on maritime movement from 5:00 pm to 6:00 am has been enforced within the operational area.
Prior to the intervention, militant elements operated with impunity, conducting kidnappings and extorting riverine communities. The sustained naval onslaught has now degraded their operational capability, disrupted their logistics, and confined their activities deep within the creeks.
The Nigerian Navy remains resolute and will sustain this aggressive posture, ensuring that all criminal elements are flushed out and the maritime environment remains secure for lawful activities.
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