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Felak Group Debunks False Story In Purported $7m Transaction

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Felak Group, together with its subsidiary, Oceangate Engineering Oil & Gas, has debunked a publication authored by one Mr. Chukwudi Iwuchukwu in an attempt to link the Group’s Chief Executive Officer, Dr. (Mrs.) Aisha Achimugu, OFR, and Oceangate Engineering Oil & Gas to a purported $7 million cash transaction involving Providus Bank.

 

In a statement signed and made available to journalists on Thursday, Felak Group management denied any connection whatsoever to the alleged transaction, describing the publication as “unfounded, contradictory and misleading”.

 

“We categorically state that neither Dr. (Mrs.) Achimugu nor Oceangate Engineering Oil & Gas has any connection whatsoever to the alleged transaction. The claims are unfounded, contradictory, and misleading,” the statement reads, adding that, “while the publication suggests the funds were deposited in Lagos, the referenced legal proceedings state otherwise in Abuja, an inconsistency that underscores its lack of credibility”.

 

According to Felak Group, it is evident that the allegations were designed to undermine confidence in its leadership and discredit the work of Oceangate Engineering Oil & Gas. “The attempt to link our principal and subsidiary to this matter is unfounded, misleading, and without any factual basis, and represents a gross abuse of free expression,” the Group stated.

 

As a responsible corporate institution, with transparency, ethical business practices and excellence as its key attributes, Felak Group reiterates its unwavering commitment to always protecting its name, its people and its legacy, while it calls on the author and all parties who have circulated the rumour to issue an immediate and unconditional retraction and apology, with the same visibility as the original publication.

 

The Group therefore promises that if the demands are not met, it will be left with no option than to pursue every available legal option to restore its reputation. “Should this not occur immediately, we will have no choice but to pursue all necessary legal remedies available to us.

Felak Group remains steadfast in driving innovation and excellence across our industries whilst conducting business with the utmost integrity,” the statement concludes.

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How 2018 Federal Legal Advice Exonerated Saraki In Offa Robbery Case

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In light of the Kwara State Government’s fresh prosecution of Dr. Abubakar Bukola Saraki and his successor over the Offa robbery, fresh facts have emerged on why the Director of Public Prosecutions of the Federation, Mr. E. U. (Etsu Umar) Mohammed gave the duo a clean bill of health.

The Federal Director of Public Prosecutions cleared former Senate President Bukola Saraki of involvement in the Offa bank robbery in 2018, citing no evidence of a connection.

It was gathered that the DPP reviewed a 16-page police report prepared and signed by Abba Kyari, a Deputy Commissioner of Police and then head of the Inspector-General of Police Intelligence Response Team (IGP-IRT) at Force Headquarters, Abuja. The report detailed investigations into the April 5, 2018, multiple bank robbery attack in Offa, Kwara State.

The DPP in his first report dated June 22, 2018 and signed on behalf of the Attorney General of the Federation and Minister of Justice, prepared a five page legal advice in which he noted in paragraph 5 (f) that “for the Senate President (Saraki) and the Kwara State Governor (Ahmed), his office is unable to establish from the evidence in the interim report a nexus between the alleged offence and the suspects. Hence, it is our advice that further and thorough investigation in this regard be carried out”.

Following the submission of a second report by the police investigating team to his office on July 27, 2018, the DPP prepared a second legal advice, which was dated August 23, 2018. The three-page legal advice also has only three paragraphs.

In paragraph 3 (vi), he noted that “with regards to the Senate President, Senator Bukola Saraki, since there is no departure from the earlier findings in the interim report, this office is still unable to establish any prima facie case against him for any offences of criminal conspiracy, armed robbery, and culpable homicide punishable with death”.

Both legal advices had recommended six people for prosecution. They are: Ayoade Akinnibosun, Ibikunle Ogunleye, Adeola Ibrahim, Salawudeen Azeez, Niyi Ogundiran, and Michael Adiukwu.

One of the suspects, Michael Adiukwu, later died in police custody, while the other five had since been tried at the High Court in Ilorin.

During the trial, the suspects revealed how they were coerced into incriminating Senator Bukola Saraki.

They mentioned several inducements dangled before them, including money and the promise of a visa to travel out of the country.

The suspects have since been convicted and their convictions confirmed by the Court of Appeal. The matter is now pending before the apex court, the Supreme Court of Nigeria.

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₦400m Ransom Demanded As Gunmen Abduct Another Kwara Ruler

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Terrorists have abducted a traditional ruler in Olayinka community, located in the Ifelodun Local Government Area of Kwara State, Oba Salman Olátúnjí Aweda and are demanding a ₦400 million ransom for his release.

The abduction occurred on April 18, 2026, when armed men, suspected to be militia herdsmen, invaded the community and took the monarch, his wife, and another resident into the forest.

According to JomogNews, residents who witnessed the incident said the terrorists, numbering over 10, invaded the monarch’s residence around Saturday midnight, forced the door open, and abducted him alongside another person in the house.

The assailants reportedly led both victims into the bush.

Chairman of Ifelodun Local Government Area, Mr Abdulrasheed Femi Yusuf, visited the community on Saturday on a sympathy visit and assured residents that efforts were underway to secure the monarch’s release.

“We are deeply concerned about this incident, and we are taking swift and decisive action in collaboration with security agencies,” he said.

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Living Faith Church Founder Declares Week Of Vengeance Against Insecurity Sponsors

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Bishop David Oyedepo, General Overseer of Living Faith Church Worldwide, has declared that bandits and their sponsors will face divine judgment and retribution within seven days.

Speaking on Sunday, April 19, 2026, during a service themed “Covenant Day of Vengeance” at the church’s headquarters in Ota, Ogun State, the cleric stated that those responsible for killings and kidnappings would face imminent consequences.

“I declare judgement on those who caused these tragedies and their supporters in the name of Jesus,” he said.

The cleric further asserted that divine retribution would occur within a short timeframe.

“Unless I am not sent, this will happen in the next seven days,” he added.

Oyedepo also expressed confidence that Nigerians would soon witness outcomes of what he described as divine intervention, noting that the coming days would bring “testimonies of vengeance.”

 

 

 

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