Godogodo Opens Up On Why He Killed Popular Hotelier, Lanre Subair

The last has not been heard of the exploits of the suspected notorious armed robber, Abiodun Ogunjobi, aka Abbey Godogodo, who held sway for more than 14 years before he was finally picked up in August, 2013 by operatives of Special Anti Robbery Squad (SARS), Lagos State command as he has revealed why he loved to kill policemen.

Godogodo, who recently led the police to recover seven more AK 47 rifles and other ammunition, gave insight into his exploit as king of the underworld to newsmen in Lagos yesterday. Also arrested was an arms dealer, Ikechukwu, who had been suppling arms to Godogodo in the past six years before the burst in August.

Godogodo, gave a chilling account of why and how he killed the owner of 04 Hotel in Ajah, Lagos State, Olanrewaju Subair and seven others on July 7, 2013.

In his words: " I had no intention to ever rob in that hotel because that was the place where we normally lodge after the day’s raid. However, things changed when the MD told the police that my hit man Odun was in that hotel. We were lucky that he was the only one outside the hotel when members of SARS arrested him.

" They tried to use him to trail me but failed because he used a coded language to tell me that the MD of the hotel was the one who alerted the police. I was so

angry and gathered my boys to pay them a visit. My mission was simple, an eye for an eye."

According to Godogodo, their initial plan was to kill him in the presence of his family but we were disappointed to discover that he and his family members were not at home.

"We immediately rushed to the hotel, took over the environment and forced them to show us where the MD was sleeping. I was so excited and asked my boys to allow me to execute him. I ordered them to raid and rape any woman of their choice. This was solely to revenge the life of my main man that was arrested.

" I dragged him outside and asked him to explain to me why he alerted the police. He claimed that he was not the one but I am very sure that he was the one. Odun had advised that we should stop patronising the hotel as our face is becoming familiar to people in the area.

He warned that he had overheard the MD threatening to call the police to raid our hideout.

"He pleaded for his life and even offered me N15, 000 in exchange for his life. I was so annoyed and to crown it all, he started saying some incantations. It was then that I realised that if I do not kill this man that he would surely kill me.

I shot him on the chest and he refused to die. I then finished him up on the forehead." Mission complete, Godogodo claimed that he rushed back to the hotel and asked his boys to seize fire as he was done with his main assignment.

EFCC Arrests Francis Ayade Over Contract Scam.

A brother to the Cross Rivers State Governor, Professor Ben Ayade has been arrested by operatives of the Economic and Financial Crimes Commission, nigerianewspaper.com.ng has gathered on Wednesday.

The relation, Dr. Francis Ayade was arrested on Tuesday in connection with an alleged N2.4billion contract scam.

Ayade, Managing Director of Leophina Nigeria Limited and Hally Brown International Limited, was involved in shady deals involving diversion of public funds into his companies’ accounts.

Specifically, four different allocations from the Nigerian federal government accounts were allegedly diverted into Hally Brown International Limited’s account owned by him.

Investigations showed that Hally Brown International Limited was awarded a road construction contract to the tune of N2.4billion in 2011.

To finance the contract, Ayade allegedly took a loan of N350,000,000( Three Hundred and Fifty Million Naira only) from First Bank Plc, on behalf of Cross Rivers Rural Access and Mobility Project.

The loan, was however, never used for the contract, but transferred into the Mobility Project.

Ayade has also been implicated in alleged suspicious transactions involving Obudu Micro Finance Bank, among other allegations.

He has been offered administrative bail but still in the custody of the EFCC until he fulfills the bail conditions.



Source: Nairaland

EFCC To Seize Diezani’s Assets In America.

Ex-minister ‘acquired properties in associates’ names’
Former Petroleum Resources Minister Diezani Alison-Madueke is likely to lose some United States properties traced to her.

The Economic and Financial Crimes Commission (EFCC) is probing Mrs Alison-Madueke for over $10 billion slush funds. It has initiated a process for the seizure of the assets – in line with United States laws.

EFCC Chairman Ibrahim Magu has just returned from the United States where he discussed with the authorities how to attach the properties, The Nation learnt yesterday.

In the last one year, the EFCC has traced assets and items worth about $10billion to Mrs. Alison-Madueke and her business associates, Mr. Kola Aluko and Chief Jide Omokore.
Some of the assets include an $18million peoperty (over N6.3billion at N350 exchange rate) in Abuja.

A top EFCC source, who spoke in confidence, said: “We have located some assets allegedly owned by Diezani and some of her business associates in the United States. We are already collaborating with the US Government to attach these assets.

“In fact, the EFCC chairman, Mr. Ibrahim Magu, spent about one and a half weeks in the US to work with the relevant agencies to trace Diezani’s properties, some of which are believed to have been secured through business fronts like Kola Aluko. “We have submitted relevant documents to the US authorities in order to facilitate the seizure of the assets.”

Responding to a question, the source added: “Some of these properties were acquired through some business fronts like Aluko and Omokore. “We even have a in which houses on a street in Switzerland have been traced to an associate of Diezani.” The EFCC is working with anti-graft agencies in Britain and the United States.

“Don’t forget that the EFCC initially secured a Mareva Injunction from Justice O.O. Oguntoyinbo to freeze some foreign accounts and seize some assets linked with Diezani’s associates in the United Kingdom,” the source said.

Accounts have been frozen in some of overseas financial institutions. They include BNP Paribas (Switzerland), LGT Bank (Switzerland), Standard Chartered Bank (London),Barclays Bank (London), Standard Energy (Voduz, Switzerland), HSBC (London), Corner Bank (Lugano, Switzerland) and Deutsche Bank (Geneva).

Section 34 (1) of the EFCC Act 2004 empowers the Commission to freeze any account suspected of being used for financial crimes. The section stipulates that “the chairman of the commission or any officer authorised by him may, if satisfied that the money in the account of a person is made through the commission of an offence under this Act or any enactment specified under Section 6(2) (a)-(f) of this Act, apply to the court ex parte for power to issue or instruct a bank examiner or such other appropriate authority to freeze the account.”

The National Crime Agency (NCA) in the UK arrested and quizzed Mrs Alison-Madueke and four others on October 2, 2015 for alleged bribery, corruption and money laundering. Also the EFCC has interrogated five more suspects since her interrogation. The NCA last year obtained permission from a Westminster Magistrate’s Court to seize 27,000 pounds from Alison-Madueke and two other women.

Although NCA detectives have visited the country this year in line with the probe, it was unclear as at press time when she will be formally arraigned in court in the UK. While the UK investigation was in progress, the EFCC uncovered another $115million poll bribery scam in which the ex-minister was implicated.

But Mrs Alison-Madueke has described allegations against her as “cold-hearted” and inhuman because she is ill.

Her statement said in part: “Coming at such a critical time in my life when I am battling cancer, this poorly executed propaganda bares on its face like tribal marks, a clearly malicious attempt to victimise an innocent woman in what appears an exaggerated plot to validate and give credibility to the anti-corruption crusade under Nigeria’s new regime. “People who are battling cancer or those who have lost their loved ones to this medical condition understand what I am going through at this time.

“This is what makes me ponder at the cold-heartedness of those who will go any length to defame and destroy in the name of propaganda. What happened to our shared humanity? ”I have absolute regard for the law and believe that people who have breached the laws that govern societies should be made to face the wrath of the law.

“But in a civilized society, a responsible government owes its citizens absolute commitment to the principles of rule of action know it.law, equity, fairness and justice. I have been wrongfully and maliciously maligned and those behind this reckless “I leave them to posterity, their conscience and above all the Almighty God who is the final judge of all.”


Source: Nairaland

How To Start Diesel Supply Business In Nigeria.

We all know that oil and gas business is one of the most lucrative business in Nigeria. People are making billions of naira annually and the money in the industry just seem endless! Supply of Diesel also known as AGO (Automated Gas Oil) is one of the most profitable business in the Nigerian oil and gas industry.

Why Diesel Supply Is A Good Business

You know the quality of power supply we currently get in this country? It is nothing to write home about! All the giant diesel generators that power most of our industries run on diesel. MTN alone is said to have over 6,000 diesel generators that power all their base stations across the country and they run on average of 20 hours daily.

If each of those generators consumed 50littres for the 20 hours daily, that will be a total of 50 x 6000 = 300,000 Litres of diesel daily! In a month, MTN generators alone would have consumed 300,000 x 30 = 9,000,000 Litres of Diesel. What a waste!

Now multiply the above figure by all the four GSM Network operators in Nigeria, all the twenty something banks and their branches, all the factories, all the agencies and organization, all the media houses, and all the homes that runs almost 24 hours on generators! Needless to tell you that billions of litres of Diesel are avoidably burnt everyday in Nigeria.

In business and supply sense, the best product to deal on is the product that is in high demand. That makes diesel product one of the very product of choice when it comes to Nigerian oil and gas supply business.

Another good thing about Diesel supply business is that it is less complicated and less expensive compared to that of PMS besause – Diesel is easier to store and transport due the fact that it is less flammable, unlike PMS that could catch fire from a distance and requires more elaborate storage system that cost fortune.

One of the best part of the business is that you basically do not need to store the product, all you need to do is to market your customers and supply on demand, cash your money and smile to the bank! You can even do the business on a small scare without keeping an office. However, to operate on the standard we are talking about, you must get an office. Don’t get me wrong – Diesel business is a serious business and requires careful planning.

If you get it right believe me, there is millions of naira waiting for you in this business – the issue of profit is like 120% guaranteed. Go ahead and invest provided you have the required capital.

Profit Potential In Diesel Supply Business

Just like every good business, there is money to be made in Diesel supply and profit is always there. We are going to base our calculation per litres per truck. You can get 33,000 litres of Diesel from major distributors and NNPC at N2.5 at the unit cost of N78 per litres.

A truck of 33,000 liters of Diesel to retailers like Filling Stations supplied at unit cost of N88 will give you a profit margin of N10. In that case, you will be generating profit of 33,000 x N10 = N330,000 from each supply. That is the lowest profit you can make – profit for 33,000 litres are sometimes up to a million naira.

When you multiply that to how many trucks you are able to supply in a month, you will find out you are in money. The secret to success in diesel supply business in marketing. Expand your horizon, talk to as many companies and individuals as you possibly can. The more you supply, the more profit you make.

In all, a medium scale Diesel supplier that puts everything properly in place makes between 3-5 million naira monthly after expenses. Isn’t that great? 5million naira monthly is a good business by all standard, so go ahead and give it a go!

The figure above gives you idea of what is obtainable! It is by no means the final figures, prices can change and some other factor may come into play. However, everything remains relatively within the estimated range.

If you have additional information you think will add more meaning to this article, feel free to explain it in the comment section and lets expand the topic. We hope to make this article as comprehensive as possible to cover every necessary details we need in starting Diesel supply business in Nigeria.

Requirements To Start Diesel Supply Business

The requirements I’m talking about is the things you need to put in place to ensure a smooth starting of your business. Let us take it one after the other and see how it goes.

1. Register your Business – You need to Register your business either as a Business Name or Private Limited Company. Registration is very important in your business.

Some companies may not want to deal with non traceable individual. If you don’t have a registered company, you may loose out from their deals.

When your company is registered and with a permanent office, people feel more relaxed to do business with you because they know a place they can fall back to should they need to contact you physically at anytime. That is very very important in business.

Again, you have a place you refer people back to when negotiating a deal, something like – My company is Dandy Oil and Gas Ltd. Our office is at No. 123 Ahmadu Bello Way. Then people know you are serious in business. It cost about N50,000 to register a Private Limited Liability Company with the Corporate Affairs Commission.

2. Invest in Brand Equity – This is really not official requirement but very necessary if you hope to Stay Ahead of Competition in your business. Your name do not make much impression as your brand, it is the brand that people get attached to in any business. When you think of MTN what immediately flashed into your mind is the Yellow square logo – Isn’t it?

In this part of the world, people tend to look down on branding while some do it very poorly. Branding is even more important than the business itself, good branding will go a long way to lift your business.

Get professional Graphic artists and brand experts to work on your company’s brand. Let them design professional logo for you and other things like your company letter head, business cards and stationary. Open a corporate account with your registered company’s name, etc. These are very very important in any business too.

The importance of these in your Diesel supply business is that when you present business proposal to your would be clients, every thing will look professional and that helps make very good first impression which is vital for winning contracts.

3. Purchase your Truck –  You can always rent one from haulage companies. However, buying yours is more beneficial and cost effective at the long run. A good truck/ trailer head from Germany or anywhere from Europe cost about 9Million Naira. If you can’t get one, go for hire while you save money and buy later

Source For Diesel Supply Product

There are two major places to buy your product: From Major distributors like Mobil, Texaco, Oando,Total, Conoil, etc… They are major importers of the product and are always looking for distributors. In most cases, they always have the products available though at a higher prices.

The second one is NNPC. They are like the ultimate in terms of prices but not for availability anyway. Approach these two major sources and negotiate your way.

The ultimate when it comes to Diesel importation in Nigeria happened to be Zenon Oil. You can buy your product from Zenon.

Latest Trend! The product is said to be very cheaper in Niger Republic. Some fuel importers import their diesel from the Soraz refinery in Nigerat cheaper rate and sell to distributors within the North. If you have your own truck and logistics, you may give it a try, buying from them up North at cheaper rate especially if you are from the North. Else, you may just make do with the others (Zenon, NNPC and Major Distributors) for convenience and security.

Once you have the product aspect covered, your major assignment is marketing. Reach out for potential buyers. Make advert on the daily newspapers and online.

Now throw your questions and add what you know into the comment box and lets expand on this post. I wish you success in your journey to become a Supplier of Diesel oil product.

Civil Servant Dies In Efcc's Custody After Six Hours (pictured)

Susanne, the widow of the Chief Protocol Officer of the Minister of State for Defence, Mr. Desmond Nunugwo, has accused the Economic and Financial Crimes Commission of killing her husband and labelling him a criminal.

She explained that six hours after Desmond was taken into custody, he was pronounced dead.

She told PUNCH Metro that she had been calling her husband’s phone repeatedly but it was switched off as she did not know he was in EFCC’s custody in Wuse 2, Abuja.

Susanne said, “Around 3pm on June 9, my husband had gone to pick up our son from school and they both returned home. He later went out. Around 6pm, I called his line and it rang once. I tried his number several times later, but it was off.

“The next morning, I got apprehensive when he didn’t come home. However, around 3.48pm, someone called me with his phone and said my husband was in the EFCC’s custody and I should come to bail him.”

Susanne said on getting to the EFCC, she was told to go and get a man because being a woman, her husband could not be released on bail to her.

Shortly after leaving, the EFCC was alleged to have issued a press statement breaking the news of Desmond’s death.

She said, “The EFCC called me to their office to come and bail my husband while he was already at the mortuary.

“I later received a phone call from a former colleague of mine that he had read the news online that my husband was arrested for fraud and he had died.”

The widow said she was informed that her husband’s arrest was sequel to a petition written by one Uloma, his business associate.

Susanne said, “She (Uloma) told the EFCC that she met my husband on a flight in 2012 when he was on his way to the US where I went to give birth. She said my husband introduced her to a third party with whom she did a N91m transaction.”

Susanne berated the EFCC for labelling her husband a fraudster even after causing his death, adding that the anti-graft agency must clear his name.

The nephew of the deceased, Amaechi Ihezie, told PUNCH Metro that when he visited the EFCC, investigators told him that Desmond slumped and died.

He said the anti-graft agency denied Desmond bail even after it had been discovered that he did not receive any money from the transaction.

Ihezie accused the EFCC of being overzealous as the commission did not inform the Ministry of Defence of Desmond’s arrest or investigation even though he had been working at the ministry for over 10 years.

“The EFCC told me that before he died, he wrote a statement of four pages. They gave him his phone to make calls for about two hours and then nobody came to bail him and so they said they transferred him to their head office and that a few hours later, he started to complain of discomfort and slumped. They said he was rushed to the hospital and confirmed dead,” he added.

In a petition addressed to the Attorney-General and Minister of Justice, Abubakar Malami (SAN), the lawyer of the family, Mr. Paul Edeh, alleged a cover-up in the case.

Edeh said the EFCC had released all those, who were in detention with Desmond, on the day he died so that there would be no witnesses.

The petition partly read, “The EFCC has blatantly refused that a post-mortem examination should be carried out on the body so as not to be indicted. This may have been the reason why more than two months after Desmond’s death, no move has been made to carry out an autopsy.

“After many visits by our clients to the EFCC and the police, both agencies have maintained that Desmond died a natural death. One, therefore, wonders how both the police and the EFCC could come up with such a common position in the absence of a medical examination to determine the cause of death.”

However, the EFCC had said in a statement by its spokesman, Mr. Wilson Uwujaren, that the deceased allegedly fraudulently obtained N91m from an acquaintance after he tricked her into believing that he had high net worth business associates in Dubai, who were on the verge of buying NICON Insurance, and convinced her of their disposition to help her stockfish business.

Consequently, she allegedly wired N91m into an account, Mainage General Merchants, in Diamond Bank.

The EFCC added, “After the transfer of the funds, he became evasive forcing the complainant to report to the EFCC. Consequently, he was arrested in Utako, Abuja, at about 5.33pm on Thursday, June 9, 2016.

“He admitted to receiving the money from the complainant, with the additional information that he transferred N30m of the said money to Norway. But he could not explain the whereabouts of the balance of N61m.

“The suspect was detained at about 7.30pm, in the absence of anybody to take him on bail. Six hours later, he suddenly complained of discomfort and was rushed to the hospital where he was pronounced dead.




Source: Nairaland