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Notable Nigerians, Big Firms Fall for Alleged Diongoli’s N3.7Bn Scam

Court papers have revealed that a leading telecommunications company’s Employers Cooperatives, FSL Securities and Professor Onyekachi Green Nwankwo and some many others are victims of N3.7billion Ponzi scheme allegedly masterminded by Michael Ukiye Diongoli’, a Nigerian businessman.
Diongoli and his two companies UK-DION GROUP and UK-DION INVESTMENT are now facing trial at the Federal High Court in Lagos.
The trial has been adjourned till 27 October.
Court papers showed that Professor Onyekachi Green Nwankwo lost N69.8millioon to Diongoli.
FSL Securities lost N200million, MTN Employers Cooperative N50million.
The biggest losers were Dr.Charles Ejekute-Obi who was swindled of N345 Million, Tedaki Events, which lost N232 Million and one Obieme Adaku Kate who lost N205 Million.
Other victims of the scam were Dr. Basil Onugu-N11Milion, Elizabeth Umenwa Nwankwo-N25million,Chinyere Ogujeiofor -N24 million, Nnenna Ikubogh N30 Million,Elizabeth & Anthony Ventures N100million.
Also swindled were Catholic Charismatic’ Renewal lost N11.5 million, Colonel T.Chukwu(retired) N31Million, Professor Iloeje Casmir-N109 Million, Nigerian Army Welfare Insurance Scheme- N50 Million, Olufemi Akinyemi-N85 Million.
Sometime in June this year Micheal Ukiye Diongoli and his two companies, UK- Dion Group and Uk-Dion Investment Limited were arraigned before the court on 61 count charge of defrauding many Nigerians and organisations to the tune of N3.7billion.
The 61 count amended charge number FHC/L/338/2022,filed before the court by Ezema Susan, the Police prosecuting counsel of Force Criminal investigation Department Annex Alagbon Close, alleged that Micheal Ukiye Diongoli and his two companies and others at large, posed as financial institutions.
Between 2021 and 2022, with intent to defraud, they conspired among themselves to obtain monies from Nigerians under the pretext that they are registered financial institutions and wealth managers.
Customers were invited to pay money into their accounts on a fixed deposit system for a period of six months to one year and the customer will get the money invested with interest.
The prosecutor said the defendants knew the claims were false, breaching section 8(a) of the Advance Fee Fraud and other Fraud related offences Act, 2006.
It was also alleged that the defendants fraudulently issued cheques, for various sums of money, for the settling of their indebtedness.
All the cheques were returned unpaid, thereby committing an offence contrary to section 1(1)(b) of the dishonored Cheques (offence) Act Cap D11 Laws of the Federation 2004 and punishable. Under section 1(b)(1) of the same Law.
Diongoli and his two companies are currently on bail.
Credit: PM News
News
Tinubu Congratulates Osakwe, Nigerian on Winning UK Top Cyber Security Award

President Bola Tinubu has congratulated Dr Fene Osakwe on winning the Cyber Personality of the Year award at the 2025 Cyber Security Awards in the UK.

Dr Fene Osakwe
According to Bayo Onanuga, special adviser to the President in a statement, Dr Osakwe is the chairman of the Lagos State Cybersecurity Advisory Board and the first African to win in the Cyber Security Awards category.
He was recognised for his exceptional leadership, advocacy, and expertise in cybersecurity and data privacy, clinching the prize ahead of other finalists from the United States, the UAE, Qatar, the Netherlands, and the UK.
President Tinubu celebrates Dr Osakwe’s achievements, underscoring his immense contributions to cybersecurity and his efforts to evolve new horizons in the field.
The President described the 2025 Cyber Personality of the Year as an exceptional Nigerian and a worthy representation of Nigeria’s talented, innovative, and pace-setting youth.
While extolling the youth as Nigeria’s greatest asset, President Tinubu stated that Dr Osakwe’s nomination and subsequent win foreground the global impact of young African professionals in cybersecurity.
The President wished Dr Osakwe more success in his endeavours.
News
Insight Publicis Announces Resignation from Airtel Nigeria Account

Insight Publicis, one of Nigeria’s leading integrated marketing communications agencies, has announced its decision to resign from the Airtel Nigeria account, effective immediately.
This decision follows an extensive evaluation of the engagement, during which both parties were unable to reach an agreement on terms that appropriately reflect the scope of work and the value Insight Publicis brings to the partnership.
While both organizations hold each other in high regard, the agency remains committed to engagements that align with its strategic priorities and industry benchmarks.
Speaking on this, Dolapo Ogunbambo, chief operating officer of Insight Publicis, said “Our commitment to excellence necessitates that we engage in partnerships where there is mutual alignment on value creation and strategic objectives.
“We have valued our association with Airtel Nigeria and wish them continued success in their future endeavors.”
Insight Publicis will ensure a seamless transition and remains focused on delivering exceptional marketing solutions to its diverse clientele across various industries. She said.
Founded in 1979, Insight Publicis is a pioneer in Nigeria’s marketing communications landscape, offering a full suite of services, including brand strategy, multimedia creative solutions, digital marketing, and consultancy. As part of the global Publicis Groupe, Insight Publicis combines deep local expertise with international insights to drive impactful brand storytelling and business growth.
News
Aero Contractors and NSIB Forge Partnership to Elevate Aviation Safety and Training in Nigeria

Aero Contractors, Nigeria’s foremost aviation company, has entered into a strategic partnership with the Nigeria Safety Investigation Bureau (NSIB) to strengthen aviation safety through data sharing, training, and collaboration on key safety initiatives.
This partnership highlights Aero Contractors’ commitment to operational excellence and adherence to global safety standards. Both organizations will work together to foster a proactive safety culture, leveraging data-driven insights to enhance aviation protocols and prevent incidents.
Speaking on the significance of the collaboration, Capt. Ado Sanusi, Chief Executive Officer of Aero Contractors, emphasized, “At Aero Contractors, safety is not just a regulatory requirement—it is a fundamental responsibility.
This partnership with NSIB reinforces our dedication to safety through knowledge-sharing, advanced training, and data-driven decision-making. By working together, we will mitigate risks and improve overall flight safety.”
Similarly, Capt. Alex Badeh Jr., Director General of the NSIB, described the partnership as a major step forward in strengthening transportation safety across Nigeria.
In his words he said, “This collaboration is a testament to the power of synergy, combining the regulatory and investigative expertise of the NSIB with the technical and operational insight of Aero Contractors.
Through this MOU, we are committed to enhancing safety standards by equipping our Transportation Safety Officers with practical, hands-on experience and technical knowledge.”
As part of the agreement, Aero Contractors will provide on-the-job training opportunities for NSIB personnel, focusing on incident prevention, emergency response, and safety management systems.
The NSIB will also support Aero Contractors’ technical personnel with training in accident investigation, ensuring a two-way exchange of expertise that enhances overall safety across the industry.
Capt. Alex Badeh Jr. further outlined the impact of the initiative. “This partnership will introduce customized training programs, drawing from Aero’s state-of-the-art facilities, simulators, and technical resources.
“Additionally, we will collaborate on industry conferences, seminars, and symposiums, where best practices will be shared, new training needs will be explored, and capacity-building efforts will be strengthened,” he noted.
The partnership marks a significant milestone in the Nigerian aviation sector, reinforcing a joint commitment to safety, knowledge-sharing, and professional development.
The collaboration aligns with Nigeria’s broader aviation safety objectives and underscores the importance of industry-wide cooperation in building a safer and more resilient air transport system.
Capt. Ado Sanusi of Aero Contractors reaffirmed the importance of the initiative, stating, “This partnership goes beyond training; it is about cultivating a safety-first culture where industry stakeholders collaborate to prevent accidents and enhance operational standards. Today, we embrace a shared vision—one that places safety at the heart of our industry.”
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