HomeNAN Investigates Director, Who...

NAN Investigates Director, Who Took Advantage of Late Boss’ Ill-Health To Fleece Agency

An internal probe into alleged cases of corruption and personal enrichment, at the expense of public funds has hit the News Agency of Nigeria (NAN) and Managing Director of the agency, Ima Niboro  has opened a discreet investigation of key officers of the agency who took advantage of the ill health of the immediate past CEO, Dame Oluremi Oyo to pillage the assets and resources of NAN.

Findings revealed that the current managing director is alarmed at the scale of fraud perpetrated by a particular director of the agency, Joe Bankole, who was the Special Assistant to the late CEO, and who replicated in NAN what some aides of late President Yar’adua were accused of during the ill health of the late president.

A source, who pleaded anonymity, noted that since many members of senior management had no access to the ailing former MD, her SA is said to have exploited the vacuum to feather his own nest to the detriment of the agency and the sterling reputation of Mrs Oyo.

The officer reportedly appropriated all the statutory roles of public procurement and took personal charge award of contracts in NAN and its subsidiary, Bizcom.

It was disclosed that:

“with hands in every pie, he falsely used the name of his principal to award multi-million naira contracts to himself, out of which he bought an opulent home in the high brow Maitama district in Abuja, while his senior colleagues lived in near squalor in Lugbe, Mararaba and other satellite towns of the FCT.

“For instance, the multi million naira NAN multimedia project initiated by Mrs Oyo was taken over by this officer who proceeded to award a series of fake and non existent contracts for the purchase of a wide range of multi media equipment ranging from digital video and still cameras, multi media studio equipment, ultra modern smart TV sets and remote mobile broadcast equipment, the bulk of which were never supplied to the agency.

“Documents reveal that the most brazen of the scams was the cannibalisation of the NAN satellite infrastructure system, which was the most prized possession of the agency. The system was stripped and sold off in bits and pieces to pave the way for the introduction of a private internet software consultant who became the tool by which the agency was subsequently fleeced of millions of Naira.

“This singular criminal action spearheaded by this officer led to a loss of a sum in excess of N600 million committed to the satellite system upgrade by the Federal Government under the stewardship of former Managing Director, Akin Osuntokun.

“Before Niboro’s arrival, there was no procurement unit in NAN so these contracts were allegedly awarded with brazen stealing in mind.

“One of the first actions of the new management therefore was the setting up of that unit under an assistant director who, with his core staff were seconded to NAN by the Bureau of Public Procurement, BPP. This new unit has unearthed even more mind boggling scams which forced the on going investigation.

However, the source further stated, the under fire Director, sensing that the present management was about to open up an investigation into his sordid past, is said to have authored a series of fictitious and anonymous petitions containing infantile allegations such as that the MD’s personal car that he bought in 2011 and which he actually drove to NAN when he resumed February 7 2014 last year was bought for him by the agency in November 2014.

Seeking to use the strategy of false alarm to divert attention from the on going investigation, he further spuriously claimed that the renovation of NAN’s run down and derelict houses in New York and Johannesburg were untendered for, inspite of the fact that the management sought and received a certificate of no objection for selective tendering since the companies involved were foreign firms.

A source stated that “any clear minded staff of NAN will recall that on 7th February, 2014, the very first day the MD came to NAN premises following his appointment, he drove into NAN in that particular car. He has often come to work with the car as with his other personal cars.”

To the claim in the petition that the Managing Director was dismantling the structures of NAN, the source said:” There is hardly anywhere that reform initiatives are mooted that entrenched interests do not take up arms against such steps. But on this matter, it is not about staff of NAN taking a stand against our reforms. It is about faceless characters scared of losing their deposits as the age-old structure they have deployed to pillage and bring the agency down to its knees over the years are systematically dismantled. Based on the objectives of the reform initiative, the present management envisioned a news agency that had to re-engineer its operations by fully embracing the opportunities inherent in today’s digital technology, and we would pursue these objectives no matter whose ox is gored.

Furthermore, the source revealed that: “Part of this initiative was the setting up of a Procurement Unit for the first time in NAN, in accordance with extant statutes. The resultant redeployment of Management personnel followed the adoption of that initiative. The state of the Editorial Department that ought to be the driving inspiration of the Agency was marked by a total loss of control and direction.

Issues of in-fighting, contention, and building of cliques became paramount among editors, controllers and reporters. It became so bad that professional conduct and moral integrity were readily thrown overboard in place of profane affinities. Senior editors were practically not in talking terms with one another in the newsrooms. The new CEO had to take action, and he did, decisively too. But over pampered yesterday’s henchmen do not look at such awful, scary indicators. They instead focus irreversibly on what they consider to be their personal entitlements which indeed are the commonwealth of the agency.”

The source commended the new management for ruling against the use of permanent IT consultants, and insisting on a build, operate and transfer model for the agency’s current IT infrastructure.  He also stated that the renovation of New York and Johannesburg properties which were under the threat of foreclosure by local county authorities has improved NAN and the nation’s image abroad. He also said the ongoing renovation and cladding of NAN corporate headquarters which the petitioner falsely claimed had been fully paid is another major milestone of the present management, as it had transformed the corporate environment of NAN.

His words: “When the present MD took over, there was not one serviceable vehicle in the agency as all the vehicles were old and wobbly and had since passed their statutory shelf life for government utility vehicles. Our new MD, against the tradition of past managements refused to award contracts to middle men for supply of vehicles and instead awarded supply contracts directly to the vehicles’ accredited suppliers. With this strategy he saved NAN millions of naira, and successfully procured over 30 brand new cars and buses under the first phase of NAN’s comprehensive fleet renewal.”

- A word from our sponsors -

spot_img

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical...

- A word from our sponsors -

spot_img

Read Now

“No Victor, No Vanquished” — Angbazo calls for unity after Nasarawa ADC Governorship Primary win

LAFIA — Retired General Nuhu Angbazo has emerged victorious from the Africa Democratic Congress, ADC, governorship primaries in Nasarawa State, calling on all party faithful to sheathe their swords and rally behind a common vision for the state's development. In a press statement issued shortly after his victory...

Lazarus Angbazo: The Countries that will lead the AI Economy are being decided right Now — By Their PowerGrids

Nigeria has enough installed generation to power a mid-sized country. The grid delivers less than half of it. Around the world, the race to build AI-ready power infrastructure is already underway — and the decisions African governments and investors make in the next eighteen months will determine...

Cheta Nwanze: Failed visa Marriages

by Cheta Nwanze The 1990 film Green Card told a relatively innocent story: a French immigrant and an American woman enter a marriage of convenience so he can stay in the US. They barely know each other. They hope never to see each other again after the deal...

Digital Marketing for Attorneys

In the competitive landscape of legal services, personal injury and medical malpractice attorneys are finding themselves overshadowed by competitors who dominate online visibility. The root of this issue lies in the digital presence that many firms lack. While traditional word-of-mouth referrals still hold value, the digital age...

Lazarus Angbazo: The global power industry is leaving Africa behind

 Dr. Lazarus AngbazoThe nascent AI revolution is not just driving electricity consumption and massive demand for additional capacity—it is reshaping how power is built, maintained, and delivered. For Africa, the real risk is no longer just insufficient capacity—it is also losing control and ability to manage the capacity it...

Bunmi Onabanjo-Kuku: The first thing you feel when you land in Nigeria

By Bunmi Onabanjo-Kuku The first thing you feel when you land in a country is not its culture, not its cuisine, not its people. It is its airport. That threshold, the space between the jet bridge and the city beyond, tells you everything a nation believes about itself...

Dr. Lazarus Angbazo: Why a fractured world strengthens the case for African Infrastructure

How inflation, energy insecurity, power scarcity, and geopolitical fragmentation are reshaping the risk-return case for African infrastructure By Dr. Lazarus Angbazo At a recent global infrastructure summit, the prevailing mood among institutional investors was unmistakable. Faced with surging capital requirements for energy transition, grid expansion, and digital infrastructure in Europe and...

Aliko Dangote to launch what could become Africa’s largest initial public offering to raise $5 billion from investors

Nigeria’s biggest local investor, Aliko Dangote, is moving ahead with plans to launch what could become Africa’s largest initial public offering, as Dangote Petroleum Refinery & Petrochemicals prepares to raise up to $5 billion from investors. The share sale is expected to open as early as May, with...

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting

Criminal networks have turned Nigeria’s telecom towers into open-air warehouses for theft, looting 656 critical power assets across 14 states in 2025 alone and keeping up the pace in early 2026. The Nigerian Communications Commission (NCC) data showed the haul included 152 generators and 504 batteries stolen from...

Paul Yirenkyi: A call for Caution Needed, President Tinubu and the INEC-ADC Crisis

I have seen enough cycles of tension and resolution to recognise when restraint must prevail over confrontation. The current standoff between the Independent National Electoral Commission (INEC) and the African Democratic Congress (ADC) is one such moment. In early April 2026, INEC withdrew recognition of the Senator...

Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened

10 months until the 2027 general elections, Nigeria’s opposition landscape appears increasingly fractured, disorganised and strategically weakened. Although no fewer than 21 political parties have been registered by the Independent National Electoral Commission (INEC) to participate in the polls, developments within the parties, including internal crises, litigations and other destabilising factors, may...

Power shortages weaken Nigeria’s business activity 

Nigeria’s business environment continued to expand in March 2026 but slowed as rising input costs and power supply deficits weighed on performance, according to the latest Business Confidence Monitor (BCM) report by the Nigerian Economic Summit Group (NESG). The report indicates that the Current Business Performance Index declined...