General News
Alleged $525,276 Mining Fraud: How Victor Ekpong Thompson Used Forged Mining Licence to Defraud American Investors- Witness
EFCC sources show how a Second Prosecution Witness, PW2, Michael Eyo, in the trial of Victor Ekpong Thompson has told a Federal High Court sitting in Uyo, Akwa Ibom State and presided over by Justice Maurine Adaobi Onyetenu that the defendant forged his mining licence and used the forged document to defraud three American investors: Tammy Jenson, Kenneth Blad, and Peter Jensen to the tune of $525, 276.
Thompson was first arraigned on January 29, 2026 on eight-count charges bordering on conspiracy, advance fee fraud, criminal breach of trust, criminal misappropriation and stealing, to which he pleaded ‘not guilty’.
One of the charges read: “That you Victor Ekpong Thompson, on or between January, 2025 to June 2025 in Nigeria, within the Jurisdiction of this Honourable court, with the intent to defraud, did fraudulently obtain the total sum of One Hundred and Twenty Three Thousand and Thirty United States Dollars ($123,030 USD) from Tammy Jensen, Peter Jensen, Kenneth Blad and others(joint unsuspecting investors), under the pretense of investing the money in mining of Mineral Resources and Deep Sea Port Business, and thereby committed an offence contrary to Section 1(1) (b) of the Advance Fee Fraud and other Related Offences Act, 2006 and punishable under Section 1(3)of the same Act.
While addressing the court, Eyo stated that he owned a mining site located in the Biase Local Government Area of Cross River State. He further stated that the defendant tricked him into releasing his mining licence to him, photographed it and used it as his own licence to defraud unsuspecting investors.
“The fraudster asked me to bring the originals of my licence to verify the authenticity. Thereafter, he snapped the licence not knowing that he was doing it to forge and convince the investors,” he said.
Defense counsel, Madu Uwem Amamko, had earlier moved a motion for bail on health grounds, which the prosecution counsel Joshua Abolarin opposed on the grounds that the defendant’s health was not in any danger.
After listening to the arguments canvassed by both counsel, Justice Onyetenu reserved her ruling on bail till June 8, 2026.
Earlier in the course of the trial, on March 26, 2026, while giving her evidence-in-chief, one of the defrauded investors, Tammy Jensen recounted how she met Thompson on Facebook in August 2022, and how he represented himself as a dealer in precious stones. She stated that he persuaded her and other investors to fund a mining project under the proposed company, Arch Royale Projects Limited, to be situated in Iwuru Community, Biase Local Government Area of Cross River State.
She further told the court that Thompson also introduced an additional investment opportunity in a Deep Sea Port project in Akwa Ibom State, which promised substantial returns on investment. According to her, between 2023 and 2025, an aggregate sum of $525,276 was transferred to Thompson’s bank account. She said her observation on arrival at the site made her realize that the entire arrangement was a bogus scheme aimed at defrauding her and other investors.
Thompsons’ arrest stemmed from a petition dated October 18, 2025, filed on behalf of a team of foreign investors from the United States of America, namely, Tammy Jensen, Kenneth Blad, Peter Jensen, Beth Southwick, and Angie Craven.
According to the petitioner, Thompson allegedly contacted Tammy Jensen on August 20, 2022, via Facebook, presenting himself as a legitimate businessman involved in the exploration of precious stones such as emerald, ruby, and sapphire. He reportedly gained the trust of Jensen and her associates by presenting false credentials and convincing them to invest in a mining venture and a purported Deep Sea Port project.
In the mining scheme, Thompson allegedly introduced Arch Royale Projects Limited as an operational company, despite knowing that it was not registered with the Corporate Affairs Commission at the time. He claimed to have secured a mining site at Iwuru Community in Biase Local Government Area of Cross River State. Investigations showed that he inflated operational costs, withheld funds meant for workers, and used staged photographs alongside fabricated updates to sustain the deception.
Similarly, in the Deep Sea Port scheme, Thompson allegedly claimed involvement in a $6.7 billion project, invoking the names of senior government officials to mislead investors. He reportedly requested $110,000 as documentation fees, falsely claiming that other required funds had already been provided by government officials.
In total, the petitioners allegedly transferred $525,276 (Five Hundred and Twenty-Five Thousand, Two Hundred and Seventy-Six United States Dollars) to Thompson between June 2023 and August 2025 through Wells Fargo Bank, Chase Bank, WorldRemit, and into accounts linked to him.
Suspicion intensified when Jensen visited Nigeria in June 2025 and discovered inconsistencies in Thompson’s claims.
Investigations had shown that substantial portions of the funds were diverted for personal use. Assets traced to Thompson include a two-storey duplex at Shelter Afrique Estate, Uyo, a Toyota Hilux, and a grey Lexus RX350
General News
Aondoakaa Taps 38-Year-OLD Ogbenjuwa as Running Mate, Vows to Prioritize Security and Youth Inclusion
By Felix Umande, Makurdi
The Peoples Democratic Party, PDP, governorship candidate for Benue State in the 2027 election, Michael Kaase Aondoakaa, SAN, has picked a 38-year-old Dr. Oyije Ochaekiti Ogbenjuwa as his running mate.
Aondoakaa announced the selection on Sunday during the party’s congress in Makurdi, the state capital, presenting the ticket as a blend of experience and generational renewal.
Addressing party delegates and supporters, the PDP flag bearer said his administration would prioritize ending persistent attacks and killings in rural communities and guaranteeing the safety of lives and property across the state. He described security as the foundation for any meaningful development agenda.
If elected, Aondoakaa pledged to revive agriculture and accelerate rural development, reaffirming Benue’s role as the “Food Basket of the Nation.”
He said his government would invest in modern farming systems, improve market access, and support smallholder farmers to boost productivity and rural incomes.
Youth and women empowerment also featured prominently in his outline. The senior lawyer said his administration would focus on job creation and enterprise support to expand opportunities for young people and women, positioning them at the center of the state’s economic revival.
Beyond agriculture, Aondoakaa listed improved infrastructure, quality healthcare, and better education as core priorities. He added that his government would work to create an enabling environment for industrial growth and broader economic expansion.
“Our administration will be anchored on justice, transparency, and accountability in governance,” he said, stressing that public trust would guide decision-making and resource management.
The candidate also pledged to pursue unity and reconciliation across political, ethnic, and sectional lines, noting that sustainable progress would require a united Benue.
The choice of Ogbenjuwa, a 38-year-old professional, has drawn widespread reaction across the state, with many party faithful and observers describing it as a strategic move toward youth inclusion.
Supporters say the nomination signals a deliberate effort to bring younger voices into the corridors of power and address long-standing demands for generational representation in government.
General News
Dangote Refinery Ends Africa’s “Economic Slavery” says Billionaire Otedola
Africa, including Nigeria, imported most of its shell fuel like a country without crude oil. Now, Nigerian billionaire, Aliko Dangote, has changed that reality with his 650,000-barrels-per-day refinery, Africa’s largest.
This development, according to Femi Otedola, Africa’s “Economic slavery is over: changing Africa’s energy future
Otedola described Aliko Dangote’s refinery as one of the most important industrial projects in Africa’s history.
His comments come as the Dangote refinery transforms regional fuel trade, cuts imports and deepens a fierce battle over market dominance.
The remarks also reopen debate over Nigeria’s failed state refineries and years of policy reversals that scared away industrial investment.
“What you’ve done is you’ve delivered us from economic slavery in Africa,” Otedola told Dangote.
The remark goes beyond praise between two billionaires.
It reflects a deeper shift underway in Nigeria’s economy as Africa’s largest refinery begins altering fuel trade patterns, foreign exchange demand and industrial power dynamics across the continent.
For years, Nigeria’s fuel dependence symbolised one of the biggest contradictions in global energy markets: a major crude exporter spending billions of dollars importing petrol because its state-owned refineries barely functioned.
Successive governments spent enormous sums attempting to revive refineries in Port Harcourt, Warri and Kaduna, yet the facilities remained largely dormant.
Lawmakers have repeatedly launched probes into billions of dollars spent on refinery rehabilitation with little visible output.
That failure created a massive import market controlled by traders, middlemen and fuel importers for decades.
Dangote’s refinery is now disrupting that structure, changing Africa’s fuel market
The refinery, estimated to have cost around $20 billion, began large-scale operations in 2024 after years of delays and financing pressure.
Since its inception, Nigeria’s petrol imports have dropped sharply, while exports of refined products to African countries have increased.
Dangote has also expanded exports to countries across West, Central and East Africa amid global supply disruptions linked to Middle East tensions.
The refinery’s growing influence is now so significant that it is increasingly shaping pricing conversations, import policies and competition across Nigeria’s downstream oil sector.
Otedola suggested the project represented the type of industrial ambition Nigeria repeatedly failed to protect.
“In Nigeria today, we should be watching CNN and saying the largest refinery in the world is in Nigeria,” he said.
He also described the refinery, the Dangote fertiliser plant and Eko Atlantic as projects capable of redefining Nigeria’s global image.
“Visionless people destroyed it”
Otedola also revisited one of Nigeria’s most controversial privatisation reversals disclosing that he partnered with Dangote in 2007 to acquire government-owned refinery assets before the deal was later cancelled.
“In 2007, I teamed up with Aliko and we acquired the refineries. I had a 20 per cent stake.
“Unfortunately, a team of visionless people destroyed it.”
The deal, initially approved under former President Olusegun Obasanjo, was later reversed during the administration of late President Umaru Musa Yar’Adua after resistance from labour unions and political groups.
Nearly 20 years later, the same refineries remain among Nigeria’s most expensive industrial failures.
The contrast between those collapsed state assets and Dangote’s privately financed refinery has become central to Nigeria’s broader economic debate: whether Africa’s largest economy should aggressively protect local industrial champions or prioritise open competition regardless of scale.
That debate has intensified in recent months.
Monopoly fears grow as refinery gains power
As Dangote refinery expands, so have concerns about market concentration.
The refinery has repeatedly pushed regulators to restrict fuel imports and prioritise locally refined petroleum products. Dangote argues that continued import licences undermine domestic refining and discourage investment.
But the position has triggered backlash from fuel marketers, importers and even the state-owned oil company, NNPC.
In court filings this week, NNPC accused the refinery of attempting to dominate Nigeria’s fuel market through legal action aimed at challenging import licences issued to rival marketers.
Fuel marketers have also warned that limiting imports could weaken competition and create supply risks if the market becomes too dependent on a single supplier.
Still, supporters of the refinery argue that Nigeria cannot industrialise while relying heavily on imported refined products despite its vast crude oil reserves.
That argument increasingly resonates beyond Nigeria.
Dangote recently revealed that investor demand for the refinery’s planned public listing has already crossed billions of dollars, underscoring growing confidence in the project’s long-term influence on African energy markets.
For many investors and policymakers, the refinery is no longer just a business story.
It has become a test case for whether Africa can finally build, and sustain, industrial projects powerful enough to reshape global trade flows instead of merely exporting raw materials.
General News
Africa’s Largest University Becomes First on the Continent to Own an Airport
The University of South Africa has become the first African university to own an airport.
The 20-hectare facility will support practical training in aviation and advanced technologies.
Vice-Chancellor Puleng LenkaBula says the move strengthens innovation and job-ready skills.
The milestone aligns with UNISA’s global growth in research and technical education.
Vice-Chancellor Puleng LenkaBula confirmed the acquisition of the 20-hectare facility, describing it as a strategic investment to strengthen real-world training for students.
The announcement was made during a press briefing highlighting the university’s recent academic progress and rising global rankings.
LenkaBula said the airport would serve as a “launchpad for future innovators”, enabling the institution to move beyond its traditional distance-learning model and expand into hands-on technical training.
The facility is expected to support specialised programmes in aviation, drone technology, and advanced digital systems, areas seen as critical to Africa’s industrial growth.
The move reflects a broader trend among global universities seeking to align education more closely with labour market demands, particularly in high-skill sectors where practical experience is essential.
Boitumelo Senokoane, an associate professor in the College of Human Sciences, said the airport would provide students with a rare opportunity to translate theory into practice.
“This 20-hectare airport will give our students a unique opportunity to apply their studies in practice and gain skills that are in high demand in the aviation and engineering industries,” she said.
Founded in 1873, UNISA serves more than 400,000 students worldwide and is widely regarded as one of the largest universities globally.
The airport acquisition aligns with its expanding research focus in digitalisation, biotechnology, renewable energy, and space science, positioning the institution at the forefront of innovation on the continent.
