News
EFCC Clears TD Staff, Zinox of N170m Contract Scam Allegation

Economic and Financial Crimes Commission (EFCC), just like the Nigerian Police, has cleared Zinox Technologies Ltd., Zinox Telecoms as well as Technology Distributions Ltd. (TD) and its staff of any infraction based on a series of petitions written by Benjamin Joseph, the owner of Citadel Oracle Concept Limited, a company based in Ibadan, claiming that his authorized agent, Princess Kama had connived with staff of TD, Sub-Saharan Africa’s biggest ICT distribution company, to use his company Citadel without his knowledge to secure a contract for the supply of HP laptops from the Federal Inland Revenue Service (FIRS).
Absolved of any wrongdoing by both the Police and the EFCC are Company Secretary/Legal Adviser, Zinox Group and TD, Chris Eze Ozims; Managing Director, Operations, Mrs. Shade Oyebode and Head of Finance, Mr. Charles Adigwe, both of TD., thereby vindicating the long-held position of the company on the innocence of its staff in the series of media campaign waged by Mr. Joseph through Premium Times, an online news medium.
The issue arose from a business transaction between Citadel Oracle Concept Limited (Mr. Joseph’s company) and their appointed staff/representatives, (Princess Kama and Chief Igbokwe), when they won a contract for the supply of HP laptops to the FIRS in 2013.

Having no funds to execute the contract, his appointed staff/agents approached TD, an authorized HP distributor to supply them the laptops on credit pending payment by the FIRS.
In view of previous bad experience and in order to avoid exposing the business to bad loans, TD had insisted that its staff, Mr. Ozims and Mrs. Oyebode, would have to be signatories to an account opened by Citadel Oracle Concept Ltd. for the purpose of disbursement of funds as regards the contract and as security for the laptops supplied on credit.
Immediately the contract was executed and payment effected by the FIRS, TD had deducted the pre-agreed invoice sum of the laptops and had its staff resign as signatories to the said account – a similar procedure applied to other customers who had similar contract with FIRS for the supply of similar HP laptops at the time
According to Mr. Joseph, while payment was made using his company, no laptops were delivered to the FIRS.
However, it has emerged that a disagreement arose when he was trying to share the profit earned from the transaction with Princess Kama, which involved the intervention of legal luminary, Afe Balalola SAN.
However, when Mr. Joseph could not reach an amicable settlement with Princess Kama, he changed the narrative – claiming that he had no knowledge of the transaction.
He first petitioned EFCC Lagos in 2013, who investigated and found out that the systems were fully delivered, deployed and signed for by top Management staff of FIRS.

The EFCC also confirmed that Mr. Joseph was aware of the contract as he personally submitted a signed letter of authority along with a copy of his international passport and other corporate documents of his company, authorizing Princess Kama to act on his behalf.
The letter signed by Mr. Joseph also accepted the contracts from FIRS on behalf of Citadel, thus rendering his subsequent denial of any knowledge of the contract suspicious.
Disregarding the investigations at the EFCC Lagos based on his petition, Mr. Joseph, again, petitioned the Special Fraud Unit of the Nigerian Police (SFU), Milverton Road, Ikoyi, in 2013, against Princess Kama and her uncle, Chief Igbokwe, and added TD, the company that supplied the computers to them on credit.
Mr. Joseph claimed that his company was used without his knowledge and that the account opened by his company in Access bank was not to his knowledge and that, his signature was forged on a board resolution and the letter of authority to Princess Kama.
However, after full investigation by the Police Special Fraud Unit, they confirmed that all computers with listed serial numbers were duly supplied and paid for by the FIRS.
The Police also subjected the documents bearing Mr. Joseph’s signature to forensic analysis and confirmed that the signature was actually his.
Mr. Joseph ignored the report of the investigation by the Police SFU and went ahead to petition the Nigerian Police (Force CID) Headquarters, Abuja, in 2014, without disclosing previous petitions and investigations on the same matter.
The-then Inspector-General of Police, Solomon Arase instructed a detailed investigation, and only for his team of investigators to discover that there had been several country-wide investigations on this matter.
The investigations by the Force Headquarters also came to the same conclusion as the SFU Report. It was this deceit that informed the Police to commence criminal proceedings against Mr. Joseph for false and misleading information and waste of Police resources and time, in Charge No. CR/216/16 (IGP vs. Benjamin Joseph), at the FCT High Court, Abuja.
In what may appear to be calculated efforts to subvert the course of justice, Mr. Joseph had then resorted to several petitions to the Attorney General of the Federation (AGF) which led to a review of the case file.
On February 10th 2017, a letter (Ref: DPPA/PET/397/16) from the Office of the Director of Public Prosecutions (DPP) approved that the Police should continue with the prosecution of Mr. Joseph
A few months after the inauguration of the current administration, Mr. Joseph again petitioned the Office of the Vice President, Prof. Yemi Osinbajo on the same facts, insinuating that his company was used to defraud the Federal Government of Nigeria of over N200m in that no computers were supplied to the FIRS even though payment was made. The VP duly instructed the EFCC Chairman to investigate and report back.
The EFCC launched a nationwide investigation and confirmed all systems were supplied.
The report, in the main, noted that the Federal Government was not defrauded in any way.
In their report, they exonerated Technology Distributions Ltd. from any fraud, as the money received by the company was the actual invoice value of the computers supplied to Mr. Joseph’s company, Citadel, on credit, through his appointed agents.
The investigations and report also exonerated the staff of Technology Distributions Limited, including Mr. Ozims, the company secretary, Mrs. Oyebode, the-then Executive Director and Mr. Adigwe from any fraud.
The said staff of TD were listed as prosecution witnesses in the criminal case filed by the Police against Mr. Joseph, with Mr. Ozims having already testified as a witness for the Prosecution. This is a vindication of the innocence of the staff of TD.
It was also noted that Zinox Technologies Limited and its Chairman had no involvement, whatsoever, with the transaction, following which the Office of the DPP again directed the Police to continue with Joseph’s prosecution through another letter (Ref: DPPA/ADV:1009/14) dated 7th May 2018 and addressed to the Inspector-General of Police.
Princess Kama, Mr. Joseph’s appointed representative, had further admitted in all her statements and testimonies on oath in court that she submitted the board resolution used in opening the account at Access Bank Abuja, together with Mr. Benjamin Joseph and not in company of any staff of TD.
She further wondered why Mr. Joseph has been dragging the names of TD and Zinox and their staff into the issue, when these are innocent people who graciously supplied the laptops to them on credit, which was delivered to FIRS.
Mr. Joseph had subsequently intensified a media campaign which saw the names of the Chairman, Zinox Group, Leo Stan Ekeh repeatedly included in a series of publications by Premium Times, which incidentally remained the only medium out of over 30 media houses that investigated the case and continued to publish Mr. Joseph’s claims, without recourse to verifying from the EFCC and the Police despite having access to these authorities, further fuelling suspicions of an attempt at arm-twisting or blackmailing the company to cave into pressure from Mr. Joseph.
The series of allegedly defamatory publications saw the medium slammed with a N2billion defamation suit by Zinox. Joined in the suit FCT/HC/CV/1680/2017 filed by the law chambers of Chief Chukwuma Ekomaru (SAN) are Premium Times Services Limited; the medium’s Publisher/Chief Executive Officer, Dapo Olorunyomi; Managing Editor, Musikilu Mojeed and Bassey Udo, a reporter/Head, Business and Economy Desk who authored the publications.
Gideon Ayogu – Head of Corporate Communications at Zinox held that Mr. Joseph and his collaborators knew the truth from the beginning but erroneously assumed that embarking on a media trial or blackmail will make Zinox succumb to the unfounded demands of Mr. Joseph.
“Premium Times keeps publishing that a prima facie criminal case was made by the Police and the EFCC in their reports against the staff of TD and Zinox. We have challenged them severally to publish any evidence of these allegations or reports. Till date, they failed to produce any such evidence, but keep publishing spurious stories handed down to them by Mr. Joseph.
“We, however, made it clear to them in a widely-read advertorial that this is against our corporate culture and requested them to publish proof of any infraction by the company or its staff. Again, they are yet to do this more than one year after. It is unfortunate because neither Zinox nor TD is desperate for cash for it to cheat any individual or company, as the case may be. I can confirm, and you can check with bankers in Nigeria, that this is one Group, which in her 32 years of existence is not indebted to any bank. It is a structured organization run strictly on the integrity of the investors,” he concluded.
News
FG to Use Digital Economy Initiatives to Curb Corruption Among Youth

Lateef Fagbemi (SAN), the Attorney-General of the Federation and Minister of Justice, has said that Federal Government is intensifying its use of digital-economy initiatives to curb corruption among young Nigerians.

Speaking at the commemoration of the 2025 International Anti-Corruption Day held on Tuesday in Abuja, the AGF said the administration of President Bola Ahmed Tinubu has deliberately positioned technology, innovation training, and digital-skills development at the heart of its anti-corruption strategy for young people.
The event, organized by Technical Unit on Governance and Anti-Corruption Reforms (TUGAR) domiciled at the Nigeria Extractive Industries Transparency Initiative (NEITI) had the theme: “Uniting with Youth Against Corruption: Shaping Tomorrow’s Integrity”.
Fagbemi, who delivered the keynote address, said the government believes that empowered, skilled and economically engaged youths are less vulnerable to corrupt influences.
According to him, programmes such as the 3 Million Technical Talents Programme (3MTT) and the recently launched Nigerian Youth Academy (NiYA) are already equipping millions of young Nigerians with ICT and digital-innovation skills, reducing their dependence on patronage systems that fuel corrupt practices.
“A hopeful youth is harder to corrupt; an engaged youth is harder to mislead; and an empowered youth is a powerful force for national transformation,” Fagbemi said.
He explained that by investing in digital literacy, tech entrepreneurship and innovation-driven training, the Tinubu administration aims to create a generation of young Nigerians who are globally competitive and resistant to corruption.
Beyond digital skills, the AGF pointed at several government efforts to expand educational access through the Nigeria Education Loan Fund (NELFUND), and support youth entrepreneurship via the Nigeria Youth Investment Fund (NYIF) and the iDICE programme, providing funding, training and mentorship for young innovators in tech, entertainment, agriculture and design.
Fagbemi added that the inclusion of young people in governance, through appointments and expanded civic-engagement platforms, was another strategic tool to strengthen integrity and transparency in public life.
He urged stakeholders to deepen efforts to integrate anti-corruption values into school curricula, establish integrity clubs, mentor young leaders, and leverage ICT tools to promote transparency, whistleblowing and public accountability.
Earlier, the Head of TUGAR, Mrs Jane Onwumere said the gathering was especially meaningful because it reflected a shared truth: that tomorrow’s integrity rests significantly in the hands of the youth.
“The theme therefore, is not just a slogan but a call to action and a reminder that young people are not only beneficiaries of good governance, they are co-architects of it.
“Corruption has affected lives and the economy negatively in many ways. One of such is the “japa wave” which has seen young Nigerians leave the country in droves in search of greener pastures. This syndrome has drained the country of resources and human capital. It has in many situations split the family unit, a critical foundation for anti-corruption efforts”, Onwumere, added.
In his speech, the Executive Secretary, NEITI, Hon. Musa Sarkin Adar expressed the agency’s commitment to empowering young Nigerians not only as advocates for accountability but also as active partners in shaping the future of integrity in the extractive industries and beyond.
“At NEITI, we recognize that corruption undermines opportunities for growth, distorts resource governance, and deepens inequality. We also know that a united, informed, and courageous generation can dismantle these barriers.
“This is why NEITI will continue to expand civic education, strengthen our reporting mechanisms, support youth-led innovation, and create more platforms for constructive engagement with young professionals, students, and entrepreneurs”, he added.
News
SEC Seeks Freeze of CBEX Accounts Over N1.3tn Ponzi Scheme

Securities and Exchange Commission (SEC) has asked the Investments and Securities Tribunal to order the freezing of bank accounts belonging to Crypto Bridge Exchange (CBEX) and 25 other defendants accused of defrauding Nigerians of about ₦1.3 trillion through an unlawful digital asset investment scheme.

CBEX
The request was made during the first sitting of the 6th Tribunal in case IST/OA/02/2025 between the SEC and CBEX with 25 others, presided over by tribunal chairman, Hon. Aminu Jinaidu.
The SEC urged the tribunal to compel commercial banks and financial institutions nationwide to freeze all accounts linked to the defendants.
It also sought orders for the seizure of houses and assets allegedly acquired with funds sourced from unsuspecting investors.
According to the commission, CBEX operated illegally by posing as a digital assets platform and capital market operator without registration.
“CBEX is an unregistered platform promising its users 100 percent return on investments within 30 days, which is unlawful and contrary to Section 3(b) of the Investments and Securities Act 2025,” the SEC told the tribunal.
The regulator disclosed that international authorities had previously raised concerns about CBEX.
The Securities and Futures Commission of Hong Kong issued an advisory on April 23, 2024, warning that the platform was a suspicious virtual asset entity.
The tribunal noted that CBEX and the other defendants failed to appear in court and were not represented by legal counsel.
Hon. Jinaidu therefore ordered that hearing notices be served on the defendants through national newspapers.
CBEX reportedly entered the Nigerian market in July 2024, operating via a website and mobile application, while claiming to use advanced Artificial Intelligence to generate unusually high profits from cryptocurrency trading.
Investors were promised returns of up to 100 percent within a 40 to 45 day lock-in period.
The scheme later collapsed, triggering widespread losses. Investigations revealed that CBEX functioned as a Ponzi scheme that siphoned more than ₦1.3 trillion, estimated at about $800 million, before disappearing.
The matter has been adjourned to January 27, 2026.
News
Lagos Launches Tele-Vet, Nigeria’s First Veterinary Call Centre

The Lagos State Government, through the Ministry of Agriculture and Food Systems, has launched TELE-VET, Nigeria’s first Tele-Veterinary Call Centre, marking a groundbreaking milestone set to transform access to expert animal healthcare using mobile technology.

Speaking at the event held at the Lagos State Ministry of Agriculture and Food Systems, Animal Hospital, Oko-Oba, Agege, the state’s Commissioner for Agriculture and Food Systems, Ms. Abisola Olusanya, described TELE-VET as a transformative initiative that strengthens animal health systems, improves food safety, and accelerates agricultural innovation across the state and beyond.
She stated that technology continues to redefine global food systems, and Lagos, under the leadership of Governor Babajide Olusola Sanwo-Olu, remains committed to deploying digital solutions that enhance efficiency, empower farmers, and safeguard public health. The Commissioner explained that TELE-VET addresses long-standing challenges faced by farmers and pet owners, especially limited access to timely and professional veterinary care.
Ms. Olusanya highlighted that TELE-VET builds on the existing mobile platforms, M-Agric and M-Health, available on MTN and Glo networks, which provide daily expert tips, mentorship, and animal-care guidance. By dialing *20791#, users can subscribe for ₦100/day, ₦300/week, or ₦500/month, gaining instant access to a variety of services, while all active subscribers can access the Call Centre free of charge.
She added that the Call Centre will deliver emergency support, first-aid guidance, disease-prevention information, and livestock and pet care assistance, noting that the platform helps farmers reduce costs, save time, and access expert care without traveling long distances. She emphasized that TELE-VET will also enhance surveillance and early detection of zoonotic diseases, aligning with the One World, One Health framework that integrates human, animal, and environmental health.
The Commissioner further mentioned that TELE-VET sets the stage for future innovations, including livestock and pet health insurance, e-commerce for veterinary products, improved mobility for safe animal transport, and enhanced financing opportunities for farmers, positioning Lagos as a national leader in technology-driven agricultural transformation.
Earlier, the Permanent Secretary, Ministry of Agriculture and Food Systems, Mr. Emmanuel Audu, commended the initiative as a groundbreaking intervention that will significantly improve service delivery within the State’s veterinary ecosystem. He stressed that TELE-VET responds to the evolving needs of farmers and pet owners who require swift and professional support to enhance productivity and ensure animal well-being.
Mr. Audu noted that the Ministry has invested extensively in strengthening the infrastructure, technical systems, and human resources needed to operate a world-class veterinary call centre. He stated that the service is a strategic investment in Lagos State’s food security architecture, enabling efficient livestock health management and timely response to potential disease outbreaks.
The Permanent Secretary explained that the Call Centre will minimize animal losses, improve farm management practices, and provide timely advisory services to farmers, aligning with the Ministry’s mandate to promote sustainable agricultural practices across all 57 LGAs and LCDAs. He praised the collaboration among veterinary professionals, ICT partners, and technical teams that made the initiative possible.
Mr. Audu reaffirmed the Ministry’s commitment to continuously upgrading the TELE-VET platform to accommodate innovations that improve efficiency and expand service offerings. He encouraged residents to adopt the platform fully, noting that its success depends on widespread participation.
In his remarks, the Director of Veterinary Services, Dr. Rasheed Macaulay, stated that the launch of TELE-VET marks a new era in veterinary care delivery in Lagos State. He explained that the platform provides a practical solution to challenges such as limited manpower, delayed emergency response, and difficulties reaching farmers in remote areas by connecting residents directly to certified experts.
Dr. Macaulay added that TELE-VET will strengthen disease surveillance and reporting across the State, aiding early detection of animal diseases and preventing zoonotic infections. With real-time consultations, improved documentation, and faster escalation processes, the platform will support frontline veterinarians and promote safer, healthier food systems for all Lagos residents.
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