Simon

Lawyer by training, Forex trader by passion, driven by faith and professional discipline.

[Simon @_simonjnr]

@Iamprivex @Habbyforex_ 😂

[Simon @_simonjnr]

@Habbyforex_ If Habby sell, You buy

[Simon @_simonjnr]

@X Posting start is do to have you all

[Simon @_simonjnr]

@boniface_jrn The lord be with you Vic. It will all make sense at the end

[oseni rufai @ruffydfire]

A teacher beheaded and a nation is silent

[EFCC Nigeria @officialEFCC]

NNPC Probe: EFCC Secures Final Forfeiture of Private Jet

The Economic and Financial Crimes Commission, EFCC, on Monday, May 18, 2026, secured a final forfeiture order of a Hawker private Jet 125 before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja over its link to fraud, corruption and money laundering regarding the Maiduguri Emergency Power Project, MEPP.

The aircraft, with model number 800XP, serial number 258553 and registration number 5N-AMK, was forfeited following an application by the EFCC.

Ruling on the application, Justice Nwite held that no sufficient cause was shown by Valiente Jet Limited, a company owned by Abdulsalam Mustapha Kachallah, an interested party, why the aircraft should not be finally forfeited to the Federal Government.

“The interested party has not demonstrated with evidence the lawful origin of the funds used to purchase the aircraft,” the judge held, stressing that the disguised manner through which the aircraft was acquired using the name of a Bureau De Change operator who denied knowledge of the nature of the transaction further lent credence to the unlawfulness of the entire transaction.

The court had earlier granted an interim forfeiture order on November 13, 2025 and directed the Commission to publish the order in a national newspaper for interested parties to show cause why the aircraft should not be permanently forfeited.

Following the publication, a company, Valiente Limited whose owner is Alhaji Abdulsalam Mustapha Kachallah filed affidavits to show cause. The application for final forfeiture was supported by an affidavit deposed to by Aminu Abdullahi, an investigator with the EFCC.

According to the investigator, the Commission received intelligence bordering on conspiracy, obtaining money by false pretence and money laundering involving Kachallah.

Investigation revealed that sometime in 2021, the Nigerian National Petroleum Company Limited, NNPCL, awarded contracts under the Maiduguri Emergency Power Project valued at $114,148,155 (One Hundred and Fourteen Million, One Hundred Forty Eight Thousand, One Hundred and Fifty Five Dollars) and ₦23,172,969,904, (Twenty Three Billion, One Hundred and Seventy Two Million, Nine Hundred and Sixty Nine Thousand. Nine Hundred and Four Naira) .

Kachallah, who was then Chairman of the Borno State Rural Electrification Board and a member of the project’s steering committee, used his position and relationship with officials of the NNPCL to engage in illicit dealings connected to the project.

Investigation showed that Kachallah entered into unlawful agreements with China Machinery Engineering Company, CMEC, through companies in which he had substantial interest, and sold privileged bidding information relating to the project in exchange for financial inducements.

The investigation further showed that CMEC was subsequently awarded three contracts under the project valued at $52,120,172 (Fifty Two Million One Hundred and Twenty Thousand, One Hundred and Seventy Two Dollars) and ₦20,213,956,953 (Twenty Billion, Two Hundred and Thirteen Million, Nine Hundred and Fifty Six Thousand, Nine Hundred and Fifty Three Naira).

Part of the contract funds was routed through Afuwa Integrated Services Limited, a Bureau De Change operator, under the false claim that the company was subcontracted by CMEC.

CMEC transferred the sum of $2,070,000 (Two Million, Seventy Thousand Dollars) into the Stanbic IBTC Bank account of Afuwa Integrated Services Limited on Kachallah’s instruction.

Investigation further revealed that forged invoices were prepared in the name of Afuwa Integrated Services Limited to falsely portray that legitimate services had been rendered to CMEC.

The funds were thereafter transferred to a Brazilian account for the purchase of the aircraft from a Brazilian company.

[Simon @_simonjnr]

@OgarEmmaOwogeka @sowore Actually, the Criminal Code Act specifically Section 59 criminalized false/public alarm statements long before 2015. So a 2012 post could have been prosecuted under that, not retrospectively. The Cybercrime Act isn’t the only law that existed. Know your statutes, Esq.

[Simon @_simonjnr]

@saylor @Strategy Bitcoin will fail and you will be one of the reasons

[Simon @_simonjnr]

@tonysnip3r Nna ehn

[Simon @_simonjnr]

@saylor @Strategy "First rich man to be liquidated" coming soon

[Simon @_simonjnr]

@FZudonu @Richard_mill_ 😂

[Simon @_simonjnr]

@Mayoveli I grew up Rochas Foundation too. I use to see their branded buses almost everywhere

[Simon @_simonjnr]

@AU79executioner Savage 😂

[BRICS News @BRICSinfo]

JUST IN: 🇷🇺🇨🇳 Russia and China veto UN Security Council resolution to reopen the Strait of Hormuz.

[Simon @_simonjnr]

@Habbyforex_ There is someone here that always trade opposite your projection and he's always right 😂

[Simon @_simonjnr]

Who the h*ck is selling gold? 😡

[Simon @_simonjnr]

@PoojaMedia @toluarokodare The lady is my law school mate. Very nice and brilliant girl. JJ Paulina

[Reuters Africa @ReutersAfrica]

Nigerian troops backed by air support repelled a coordinated assault by Islamist insurgents on a military base in the northeastern state of Borno, killing at least 80 fighters including senior commanders, the army said on Wednesday. https://t.co/dHNvvbzikE

[Simon @_simonjnr]

@DOlusegun ASUU Strike is like ancient dialect to them. They can't relate

[Nigeria Stories @NigeriaStories]

BREAKING NEWS: President Bola Tinubu approves increase in salaries of military personnel.