Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

News

Interpol Indicts American for “419” in Nigeria

Published

on

John Mitchener
Kindly share this post

International Criminal Police Organisation (Interpol) has that it has established a case of fraudulent activities by John Mitchener, an American corporate player in Nigeria.

Interpol Indicts American for "419" in Nigeria

Mitchener had been accused of “economic sabotage, obtaining credit by false pretences, fraudulent trade practices and illegal repatriation of capital, intimidation and threat to life” by his Nigerian business partner.

After investigating, the Interpol national central bureau said it had established that the American was a “transnational fraudster” and asked that the case be handed over to the Nigerian police legal department for further action.

Ranger International Limited (RIL), a US company controlled by Mitchener, had in 2014 entered a partnership with the Nigerian Technixs Oilfield Support Limited, promoted by Abimbola Omotade, to incorporate a new business known as Ranger Subsea Nigeria Limited.

The company was set up to provide services and support for the offshore oil and gas industry.

In the shareholding agreement, Technixs was apportioned 51% while Ranger takes 49%.

Both entities agreed that modalities for the execution of contracts obtained or sourced for the new business must be discussed, especially the financial part of the contracts.

Without Technixs’ consent, jobs sourced from international oil companies such as Chevron and Exxon Mobil were allegedly carried out by Mitchener and proceeds of the projects were repatriated to the US without the board’s approval.

Ranger Subsea Nigeria Limited then suspiciously closed shop in Nigeria, leaving its partner and tens of vendors in debt of over N19 billion.

In another suspicious move, Mitchener returned to Nigeria with a new company, EPIC Companies LLC, to source other contracts.

‘THEY ARE TRANSNATIONAL FRAUDSTERS’

In its investigations, Intepol concluded that Ranger and Mitchener carried out fraudulent transactions around the business partnership it had with Technixs.

On September 27, 2018, he was arrested in Lagos after Interpol obtained a warrant from a magistrate court in the federal capital territory (FCT).

He was brought to Abuja the next day, and after making his statement, he was granted bail.

His passport was also registered with the police organisation to prevent him from leaving the country.

The Interpol, in its report signed by Garba Umar, its commissioner, said based on the development reached so far, “it suffices to state that this is an organised crime by the suspects who are clearly transnational fraudsters whose stock in trade is to cause untold hardship, pains and financial loss on unsuspecting victims as it is evidenced in this case under investigation.”

The police said the act of the suspects is contrary to the provisions of sections 1, 2 and 3 of the advance fee fraud and other related offences act, 2006.

It further recommended that the case file be forwarded to the legal department for appropriate direction on the matter.

‘HOW MITCHENER VIOLATED THE AGREEMENT WITH FRAUDULENT ACTIVITIES’

In a petition to the Economic and Financial Crimes Commission (EFCC) dated February 5, 2019, Technixs had accused Mitchener of forging a shareholders’ agreement purporting to have been executed by Omotade on his company’s behalf.

The company said Mitchener, with one Tosin Labeodan, had been brandishing the agreement “to humiliate, intimidate and frustrate our company to get to the bottom of John Mitchener’s illegal activities”.

Listing the various allegations of infractions, he said Mitchener, through his Americans collaborators, obtained a loan of $60 million from AKRIFA Holdings LLC in the US purportedly to fund general working capital requirements of Ranger without any approval of shareholders.

The petition read in part: “Immediately the loans were brought to Nigeria, John Mitchener repatriated the funds back to America to fund some of RIL international operations in Mexico and Caribbean Island.

“John Mitchener illegally created preference shares in favour of AKRIFA Holdings LLC and proceeded to fraudulently alter the incorporation documents of Ranger Subsea Nigeria Limited to reflect this position without board approval. This was coordinated in conjunction with Tosin Labeodan.

“During the operation of RIL and John Mitchener in Nigeria between 2015 and 2018, John Mitchener fraudulently racked up a debt of over $48 million in the name of Ranger Subsea Nigeria regarding monies owed to vendors and the contract funds paid by International Oil Companies to Ranger Subsea Nigeria were at various times repatriated to America by John Mitchener.”

Reports and annual returns of the business were allegedly concocted by Mitchener as Omotade said they were not adopted as true representation of the financial dealings of Ranger Subsea Nigeria.

RANGER, ACQUIRED BY EPIC, LEFT WITH DEBTS UNPAID

In a letter dated December 19, 2017, the defunct Skye Bank had written to Ranger asking the company to pay up the debt owed Fortune Global Shipping & Logistics Limited (FGSL), one of the vendors who provided services for the company.

The bank emphasised that Ranger needed to pay up to enable liquidation of FGSL’s obligations to the bank.

Despite letters from Ranger showing willingness to make the payment, the bank said the company was yet to meet the obligations.

 

 

 

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

News

FG Seeks Stakeholders’ Collaboration to Bridge Digital Gap

Published

on

Kindly share this post

The Federal Government has called for collaboration among stakeholders to bridge the digital divide in Nigeria, as it launches a series of flagship projects aimed at boosting digital inclusion.

According to Dr. Bosun Tijani, the Minister of Communications, Innovation, and Digital Economy, the government is committed to ensuring that all Nigerians have access to digital services, regardless of their location or socio-economic status.

Speaking at an industry-focused stakeholders’ engagement session in Lagos, Tijani said the projects, which include Project BRIDGE, Project 774 and the Universal Access Project, were designed to extend digital connectivity to underserved and unserved communities, promote digital literacy and drive economic growth.

Themed, “Fostering Connectivity in Unserved and Underserved Communities: Collaborating for Sustainable Growth,” the event organized by the Universal Service Provision Fund (USPF) of the Nigerian Communications Commission (NCC), in-collaboration with the International Telecommunication Union, (ITU) and supported by the UK Foreign, Commonwealth & Development Office, brought together chief executives of telecoms companies, development partners and trade associations, among other notable industry players.

The minister noted that though Nigeria has made significant strides in expanding connectivity and strengthening its digital technology infrastructure, millions of Nigerians were yet to have access to reliable connectivity.

He said: “Over the last 25 years, Nigeria has made significant strides in expanding connectivity and strengthening our digital technology infrastructure. In recent years, broadband penetration has been growing significantly, bringing more millions of Nigerians online and enabling new opportunities for innovation, entrepreneurship and digital inclusion.

“Today, however, there are still millions of Nigerians on the fringes of digital transformation, who are yet to have access to reliable connectivity. Many communities, particularly rural areas, face significant barriers, including inadequate infrastructure and limited digital literacy.”

These gaps, Tijani added, not only hinder personal and business growth but also limit the full potential of Nigeria’s digital economy. He stressed that the Universal Service Provision Fund has been a critical instrument in the FG’s mission to extend connectivity to these communities, supporting infrastructure expansion, fostering local innovation and driving inclusive policies.

According to him, the federal government, through the Ministry of Communications, Innovation and Digital Economy, is also actively in driving transformative projects aimed at unlocking digital opportunities for millions of Nigerians.

He listed some of the government’s flagship initiatives to close the divide to include, Project BRIDGE, Project 774,

Universal Access Project, National Broadband Alliance of Nigeria (NBAN) and the 3 Million Technical Talent.

The minister further explained that Project BRIDGE, a 90,000km fibre optic expansion, was designed to significantly improve broadband penetration across Nigeria by extending fiber optic infrastructure to all regions; while Project 774 ensures that every local government secretariat in Nigeria benefits from high-speed connecivity, fostering grassroots digital transformation.

He described the Universal Access Project as a game-changing initiative targeted at connecting over 20 million Nigerians, who currently have no access to digital services.

“The National Broadband Alliance of Nigeria (NBAN) is our multi-stakeholder’s effort to drive collaboration across government and private sector to drive universal high quality broadband access. The 3 Million Technical Talent programme ( 3MTT) is strengthening our talent pipeline to deliver a workforce to improve the digital ecosystem.

“These projects are not just focussed on infrastructure; but also about enabling businesses, empowering individuals and unlocking the full economic potential of Nigeria’s digital landscape as we work towards a $1trillion economy.

“However, bridging this digital divide is not a task for the government alone. Sustainable and impactful progress require strong partnerships across the public and private sectors, development agencies, civil society and local communities.

“To ensure effective collaboration, we must focus on four key pillars, including community engagement, leveraging existing infrastructure, capacity building and sustainable solutions.

“We stand at a defining moment in Nigeria’s digital transformation. We have the vision, the policy framework and the will to connect every Nigerian to the digital economy. But, we need your partnership to explore alternative innovative ways to deliver on all elements of our plans.

“There is a clear role for everyone, including government at all levels, private sector, development partners and local communities in this journey,” the minister stated.

Earlier in his address, Dr. Aminu Maida, the Executive Vice Chairman of the NCC, said the theme of the programme reflected collective commitment to ensuring equitable access to telecommunications services for all Nigerians, especially those in unserved and underserved communities.

“Today’s meeting is particularly aimed at bringing key industry stakeholders together to provide valuable insights on strategies that can be adopted to enhance USPF interventions and serve as a feedback mechanism to build partnerships for Nigeria’s digital future.

“It goes without saying that the USPF acknowledges the crucial role of collaboration, strategic partnerships and complementary efforts to achieve sustainable development,” Maida stated.

He reiterated that the NCC, through the USPF, has been at the forefront of initiatives aimed at providing universal access and universal service. According to him, these efforts align with broader national and global goals, including bridging the digital divide, promoting universal access, fostering economic growth and social inclusion, and achieving Sustainable Development Goals “SDGs 4” (Quality Education) and 9 (Industry, Innovation and Infrastructure).

“Without doubt, to achieve digital inclusion, government agencies, mobile network operators, infrastructure providers, equipment manufacturers, development partners and telecom trade groups must work closely together.

It is for this reason that a multistakeholders’ approach is essential to explore innovative financing models to attract investment in rural telecommunications, leverage emerging technologies and alternative power solutions for sustainable connectivity and promote policies that incentivize collaborative participation in connectivity projects.

“I want to use this platform today, to urge all stakeholders to take decisive steps toward strengthening partnerships.

Let us harness our collective expertise, resources and innovative capabilities to build a resilient and sustainable telecommunication infrastructure that will empower millions of Nigerians.

We must remember that collaboration remains the cornerstone of sustainable development in this sector,” Maida submitted.


Kindly share this post
Continue Reading

News

AMCON Vows to Recover N455bn Debt from Arik Air, Affiliates

Published

on

L-R: Chief Financial Officer, Aero Contractors Mr. Charles Grant; Head, Corporate Communications Department of Asset Management Corporation of Nigeria (AMCON) Mr. Jude Chiedozie Nwauzor; Hauwau Ibrahim of Corporate Communications Department; Head of Litigations, Mr. Norbert Enenmoh; Head of Legal Department, Mr. Albert Nwanozie; Acting Company Secretary Mrs Oyinlola Adebayo; Mr Issa Usman of Litigation Unit; and the Technical Assistant to the MD/CEO of AMCON Mr Mohammed Yusuf at a media luncheon with Judicial Editors at Marriot Hotel in Lagos…at the weekend
Kindly share this post

Asset Management Corporation of Nigeria (AMCON) has reaffirmed its commitment to recovering over N455 billion in debts owed by Arik Air Limited (in receivership) and its affiliated companies.

 

L-R: Chief Financial Officer, Aero Contractors Mr. Charles Grant; Head, Corporate Communications Department of Asset Management Corporation of Nigeria (AMCON) Mr. Jude Chiedozie Nwauzor; Hauwau Ibrahim of Corporate Communications Department; Head of Litigations, Mr. Norbert Enenmoh; Head of Legal Department, Mr. Albert Nwanozie; Acting Company Secretary Mrs Oyinlola Adebayo; Mr Issa Usman of Litigation Unit; and the Technical Assistant to the MD/CEO of AMCON Mr Mohammed Yusuf at a media luncheon with Judicial Editors at Marriot Hotel in Lagos…at the weekend

Jude Nwauzor, Head of Corporate Communications at AMCON, disclosed this during a media briefing in Lagos, stating that Sir Johnson Arumemi-Ikhide, promoter of Arik Air, Ojemai Investment Limited, and Rockson Engineering Nigeria, has been uncooperative in settling the debts.

Nwauzor described the refusal to repay the loans as a “disservice to the commonwealth and the Nigerian people,” adding that AMCON remains undeterred by alleged smear campaigns against the agency.

“These debts must be recovered one way or the other. The leadership of AMCON, under Mr. Gbenga Alade, will not deviate from its mandate to recover the huge debt owed to the Corporation by recalcitrant obligors,” he said.

According to AMCON, the debts, transferred from various banks due to non-performance, include N227.6 billion owed by Arik Air, N163.5 billion by Rockson Engineering, and N14 billion by Ojemai Investment.

Nwauzor refuted claims by Arumemi-Ikhide that the loans were performing and that the receivership was premature, describing such narratives as misleading.

“If the loan was performing, why was it sold and restructured? Why did he agree to the restructuring if there was no default? The simple answer is that he did not fulfill the agreed terms,” Nwauzor added.

Arik Air was taken over by the Federal Government through AMCON in February 2017 due to its debt profile exceeding N300 billion. Despite legal challenges, the receivership management, led by Captain Roy Ilegbodu, has continued to operate the airline effectively.

AMCON reiterated its resolve to recover the debts in line with its mandate, emphasizing the importance of accountability and transparency in the process.


Kindly share this post
Continue Reading

News

Renaissance Energy Completes Acquisition of SPDC

Published

on

Kindly share this post

Renaissance Africa Energy has completed the “acquisition of the entire (100%)” equity holding in Shell Petroleum Development Company of Nigeria (SPDC).

Renaissance Energy Completes Acquisition of SPDC

This is according to a statement on Thursday by the spokesman of Renaissance Africa Energy Holdings Tony Okonedo who said the acquisition was completed on the same day.

“This follows the signing of a sale and purchase agreement with Shell in January 2024, and obtaining all regulatory approvals required for the transaction. Going forward, SPDC will be renamed as ‘Renaissance Africa Energy Company Limited,” the statement added.

“We are extremely proud to have completed this strategic acquisition. The Renaissance vision is to be ‘Africa’s leading oil and gas company, enabling energy security and industrialisation in a sustainable manner.’

We and our shareholder companies are therefore pleased that the Federal Government has given the green light for this milestone acquisition in line with the provisions of the Petroleum Industry Act,” said Tony Attah, managing director/CEO of Renaissance.

He added: “We extend our appreciation to the Honourable Minister of Petroleum Resources, the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), and the GCEO of Nigeria National Petroleum Company Limited (NNPCL) for their foresight and belief, paving the way for the rapid development of Nigeria’s vast oil and gas resources as a strategic accelerator for the country’s industrial development”.

 

 


Kindly share this post
Continue Reading

Trending