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Exposed: How Unity Bank MD, Somefun Oluwatomi Runs Various Companies Not Declared In Her Assets Form To EFCC And CBN

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Always dressed modestly in a manner that fits what her mother, Pastor Mrs. Folu Adeboye, wife of the General Overseer of the Redeemed Christian Church of God represents. What many do not know is that Mrs. Oluwatomi Ayodele Somefun who is her first daughter and Managing Director/Chief Executive Officer of Unity Bank is a silent billionaire. Beyond running the affairs of Unity Bank, Mrs. Somefun runs the affairs of other four companies where millions of Naira passes through on daily basis. These companies we learned, are not listed on her assets form as demanded by the Economic and Financial Crimes Commission (EFCC), sources disclosed.

Registered on August 20th, 2010, with RC 907620, Banksome Global Resources Limited has Somefun Ayodele Oluwatomi and her husband Somefun Babajide Anthony as directors. No 17, Sabiu Ajose Crescent, Surulere, Lagos State is listed as the initial address on the CAC documents. Again, on 12th March 2012, she registered Banksome Global Bricks and Blocks Limited with RC 1017210, using No 8, Rasheed Williams Street, Lekki Phase 1, Lagos State as address alongside her husband. On 5th July 2012, she went back to CAC with her husband to float Banksome Global Realtors Limited where they were given RC number 1047480. Plot 27B, Providence Street, Lekk1 Phase was used as address. The bank MD sure had her eyes in the oil and gas, to be a major player. This time, she incorporated Banksome Global Petroleum and Energy Limited with her husband as co-director on 8th March 2013. CAC issued them RC number 1101196. Plot 27, Providence Street, Lekk1 Phase was also used as its address.

We have stumbled on financial documents that suggest that these companies may just be Special Purpose Vehicles for carrying out financial details that runs against the laws of the land. Our EPISODE ONE will focus first on Banksome Global Resources Limited. As a UBA staff when the company was opened, Somefun caused Banksome Global Resources limited to open an account with the bank, where 1015728440 and 1015119837 were allocated to her company as account numbers. She also opened account with First Bank and got 3087605494 as account number. Unity Bank also has account from the company with 31383745 as account number. With an account too in Wema Bank, monies were deposited into account number 703270719. With her former position as a decision maker in UBA, she caused her company Banksome Global Resources Limited to be awarded the contract of supply and installation of LED lights in the bank.

On 6th April 2016, the company was paid N18,525,500 for the lights. On 13th April 2016, they were paid N21,646,000 for the same light. On 21st April 2016, the company got another alert of N22,159,500 for the lights. On 27th April 2016, UBA paid her company N20,658,500 for the LED lights. On 6th May 2016, she got paid N20,935,000. On the same day, her company was credited N26,070,000 for the LED lights. on 11th May 2016, they kept hitting jackpots from UBA with a deposit of N18,951,500 for LED lights supply. On 26th May 2016, UBA also credited her company with N10,270,000 and N22,227,000. On 3rd June 2016, the LED lights payment continued as an alert of N21,251,000 hit her company account for 538 units of the light. On 17th June 2016, she got paid N24,016,000 for the supply of 608 units of LED lights from UBA. On 23rd June 2016, UBA paid her company the sum N17,297,580 for 450 units of LED light. Another sum of N12,798,000 for 324 units of LED light was also paid for. On 1st July 2016, UBA paid the company N13,548,500 for 343 units of LED lighting. On 12th July 2016, the bank again paid the company N24,095,000 for 610 units of LED lights. On 20th July 2016, the payment for LED lights continued as N8,018,500 was paid for 203 units of LED lights. On 24th November 2016, the bank again paid N15,642,000 for 396 pieces of LED lights.

All these monies were credited to the company’s UBA account number 1015119837.

On 12th March 2019, her company had a deposit of N500 million from Oakmont Homes Ltd through its GTB account number 149269525. On 14th of the same month, the company moved out N300 million to Amitec construction and Development limited.

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How National Assembly Allegedly Inserted N46billion, N90billion Projects To Pad Oyo, Enugu Federal Colleges Budgets – Report

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BudgIT Foundation, Nigeria’s civic tech organisation, has revealed that the National Assembly in a budget padding spree of the 2024 Fiscal Appropriation Act, inserted over N100billion in the Federal Co-operative College in Ibadan, Oyo State and Oji River in Enugu State.

 

According to BudgIT report, the Federal Co-operative College, Ibadan, Oyo State, Southwest Nigeria, submitted a proposed budget of N1.5billion to the National Assembly.

 

The civic organisation, which raises the standards of transparency, citizen engagement and accountability, especially in public finance, said however that “The National Assembly inserted 182 projects worth N45.36billion and approved N46.9billion,” for the college.

 

 

Similarly, the Federal Co-Operative College, Oji River in Enugu State, South-East Nigeria, submitted a budget proposal of N12.8billion to the National Assembly, but the National Assembly sent back N103.6billion as an approved budget.

 

BudgIT which made the revelation in posts on its X account said, “Nigerians, there’s no easy way to say this, #TheBudgetisaMess.

 

“The Federal Co-operative College Ibadan submitted a proposed budget of N1.5 billion to the National Assembly. The National Assembly, @nassnigeria inserted 182 projects worth N45.36 billion and approved N46.9 billion.

 

“Is the National Assembly mining gold at the Federal Co-Operative College Oji River?

 

“How else do you explain 419 insertions and a N90 billion budget hike?

 

“FCC (Federal Co-Operative College) Oji River sent N12.8 billion to the National Assembly. The National Assembly sent back N103.6 billion as an approved budget!”

 

 

The organisation revealed that some of the inserted projects, most of which are projects outside the constitutional mandates of the colleges, include N500 million allocated to the college in Ibadan for “Construction of lightening facility within selected rural cooperators communities.”

 

Others are, N500 million budgeted for “Renewable energy intervention in selected cooperators communities,” N500 million budgeted for “Construction of solar powered street lights across selected communities for sustainability,” N500 million budgeted for “Energy poverty intervention in selected rural cooperators settlements.”

 

 

Another N500 million allocated for “Construction of sports complex, motorised borehole and flood lights for farming communities in Ipoti Ekiti,” in Ekiti State; N500 million allocated for “Construction and installation of solar street lights in selected locations in South West states.”

 

Others are, N498 million budgeted under the same Federal Co-Operative College, Ibadan, for “Construction of rural farming Nazareth road, Imeko,” N498 million allocated for “Construction of rural farming Lafenwa Alagbe road, Ilara,” N498 million allocated for “Construction of rural farming community Ona Odo Ilara road.”

 

 

Also budgeted under the college are, N498 million budgeted for “Construction of rural farming community Ayekoja road, Idofa,” N498 million budgeted for “Construction of rural farming community Sabo road, Owode,” and N498 million budgeted for “Construction of rural farming Obaladi Afon road.”

 

For Federal Co-Operative College, Oji River, Enugu state, the National Assembly allocated N500 million to the college for “Provision of motorcycles and tricycles to some youths in Ogun, Lagos, Ondo, Osun, Ekiti and Oyo states.”

 

 

 

Other allocations include, N500 million allocated to the college for “Construction of mini sports centre at Alor, Idemili South Local Government Area, Anambra State,” N600 million budgeted for “Construction of Fistula facility at National Obstetric Fistula Centre, Abakaliki,” Ebonyi State.

 

Also, N600 million was allocated for “Provision of empowerment of selected skilled youths and market women in Ogun, Oyo, Osun, Ekiti and Ondo states,” N500 million budgeted for “Construction of renewable mini solar grid and renewable all-in-one solar street lights and boreholes in Akinmorin, Afijio Local Government Area, and Ijomu Oro in Oyo Central and Kwara South Senatorial districts.”

 

 

Another N1.5 billion allocated for “Deployments of all-in-one solar street lights in selected communities in South East senatorial district of Rivers State,” “Provision of 90w all-in-one solar street lights in Eleme Local Government Area of district of Rivers State,” and “Provision of 100w solar street lights in various market squares and Kira-Bara-Alue communities in Tai Local Government Area in South East Senatorial District in Rivers State.”

 

Other inserted projects are, N1 billion allocated to the college for “Installation of all-in-one street lights in Andoni Local Government Area in Rivers State,” and “Furnishing of community town hall with ICT and others in selected areas of Rivers State.”

 

 

Another N1 billion was budgeted under the college in Enugu for “Provision of 100watt street lights in various secondary schools in selected schools in Rivers State,” and “Installation of 100watt all-in-one street lights in hospitals and health centres across South East senatorial district of Rivers State.”

 

Decrying the mindblowing budget padding, BudgIT Foundation said, “If we continue like this, where will it take our country?

 

“The 2025 Budget will soon be presented,

and insertions like this should not happen again.”

 

 

Sahara Reporters  & BudgIT ( on X)

 

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“We Will Destroy Their Investments Before Wednesday’’ – Newly Elected LG Chairman Warns Wike (VIDEO)

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The newly elected chairmen of Obior Akpor Local government in Rivers state, Amb. Chijioke Ihunwo has revealed that there will be retaliatory attacks following the activities of unknown hoodlums that set three local governments on fire today.

 

There has been crisis in Rivers state due to the power tussle between the former governor, Nysom Wike and his successor, Sim Fubara.

 

 

The power tussle led to the local government election that held in the state on Saturday with APP, a party backed by Sim Fubara, winning 22 out of 23 local governments. The elected council bosses were sworn-in on Sunday to avoid court cases stopping their swearing in.

 

 

However, hoodlums alleged to be working for the minister of FCT, Nysom Wike stormed some local government secretariat and set them on fire.

 

In a response, Amb Chijioke made it known that they will go after anyone that attacks his local government secretariat and destroy their investments in the state.

 

He also warned the former governor not to meddle into the affairs of the state because he has investments at stake in the state.

 

 

WATCH VIDEO BELOW

 

 

https://x.com/Topboychriss/status/1843354599308300305

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Rivers State: IGP orders immediate unsealing of LG secretariats

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In response to nationwide condemnation over his involvement in the recently concluded local government elections in Rivers State, Inspector General of Police Kayode Egbetokun has directed the immediate unsealing of secretariats across all 23 local government areas (LGAs) in the state.

 

 

A statement issued on Monday by the Police Public Relations Officer of the Rivers State Command, Grace Iringe-Koko, conveyed the directive. It explained that the newly deployed Commissioner of Police, CP Bala Mustapha, was tasked with ensuring the withdrawal of all police personnel who were initially deployed to seal and safeguard the LGA secretariats.

 

 

 

“This decision aligns with the Nigeria Police Force’s commitment to maintaining neutrality and ensuring the smooth operation of democratic institutions,” the statement read.

 

The directive follows the political tension that erupted after the purported extension of tenure for former council chairmen loyal to FCT Minister Nyesom Wike. The move was countered by Governor Siminalayi Fubara’s appointment of caretaker committee (CTC) chairmen, leading the IGP to order the sealing of the secretariats.

 

 

This action prevented local government workers and the CTC chairmen from accessing the council secretariats and carrying out their daily duties.

 

In light of the recent order to unseal the secretariats, the statement clarified that police would only be redeployed to these locations in the event of a crisis or breakdown of law and order. “Emergency measures will be swiftly implemented to restore normalcy if necessary,” the statement added.

 

 

The Rivers State Police Command reassured the public of its commitment to maintaining peace and order and urged residents to remain calm and law-abiding as the situation evolves.

 

The newly sworn-in 23 council chairmen are expected to resume work in their respective LGAs today, where they will also swear in the newly elected councillors.

 

 

 

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