Metro

Court Orders TSTV CEO To Pay ₦938m, $1.42m In Debt Case

Published

1 month ago

August 7, 2025

A High Court of the Federal Capital Territory in Abuja has ordered Telcom Satellites Limited, and its Chief Executive Officer, Bright Echefu, to pay a former Minister of Special Duties, Kabiru Tanimu Turaki (SAN), a total of ₦938 million and US$1.42 million, along with post-judgment interest at the rate of 10 per cent per annum until the debt is fully cleared.

Justice Bello Kawu made the order on July 7, 2025, while delivering judgment in the suit filed by Turaki against the TSTV and its CEO.

A certified true copy of the judgment was sighted on Wednesday by The PUNCH.

Turaki, the claimant in the suit marked FCT/HC/CV/332/23, sued TSTV and Echefu, as the 1st and 2nd defendants respectively, over unpaid debts.

In a writ of summons supported by a 27-paragraph affidavit deposed to by Turaki, he stated that TSTV, a company duly incorporated under the Companies and Allied Matters Act, 2020, presented itself as an indigenous cable satellite television provider rendering media and telecommunication services to him.

He said the 1st defendant (TSTV) operated from its head office located at Plot 859, Idu Industrial Area, Idu in Abuja.

According to Turaki, the 2nd defendant, Echefu, who is the Managing Director/Chief Executive Officer of TSTV and its alter ego, personally obtained loans from him under false pretences.

Turaki said he became aware of the defendants in 2018 through a close friend and associate who had been approached by Echefu to convince him to invest in TSTV.

He noted that after about two months of due diligence and negotiations with Echefu, he declined the invitation to invest in TSTV as the terms presented were not acceptable to the 1st defendant.

He said that following the failed investment proposal, Echefu continued to mount pressure on him to invest in TSTV.

“Unrelenting in his efforts, the 2nd defendant wrote a letter conveying several propositions to me to come on board, including acquiring 35% of the shares of the 1st defendant and assuming its chairmanship,” he said.

According to Turaki, this proposal was made in a letter dated November 13, 2019.
He added that after persistent persuasion from Echefu and his collaborators, he agreed to serve as Chairman of TSTV and acquire 50% of its shares for the sum of ₦800 million.

He added that this decision was based on representations by Echefu that TSTV was a viable and profitable cable satellite company.

“The 1st defendant, as a result, deceived me into acquiring 50% of its shares for ₦800 million, even though the company was moribund,” Turaki stated.

He further said that after assuming the position of Chairman and investing in the company, Echefu again exerted pressure on him to assist in raising additional funds for TSTV’s operations.

Turaki said that under pressure from Echefu, he introduced him to Tudu Ventures Nigeria Limited, which lent the defendants the following sums: ₦1.2 billion, ₦800 million, US$1.6 million and US$500,000.

The defendants allegedly failed to repay the loans, prompting Tudu Ventures to file a separate suit (FCT/HC/CV/1588/21) to recover the funds. Partial judgment was entered against the defendants on November 22, 2022.

Turaki said he also personally granted loans to Echefu at his request, amounting to ₦138 million, US$1.35 million, and an additional US$70,000.

“The defendants, via a letter dated January 5, 2021, acknowledged receipt of $1.28 million and ₦138 million as part of the loans advanced to them,” the claimant said.

He added that the defendants later approached him again, stating that the $1.28 million was insufficient for its intended purpose and requested an additional $70,000, which he also provided, bringing the total loan to $1.35 million.

Turaki said Echefu once more approached him for a further loan of $70,000 to meet financial obligations, which was also granted.

“That the 2nd Defendant again approached me to advance a further loan of the sum of USS70,000, to enable them settle some financial exigencies, which was also advanced to the defendants”.

According to him, the defendants, through a payment proposal signed by Echefu for settling Tudu Ventures’ loans, his own loans, and the equity investment, agreed to repay $1.35 million, $70,000, and ₦138 million.

He added that Echefu’s Counsel, Adegboyega Awomolo, (SAN), via a letter dated November 22, 2022 agreed to pay the sum of N200,000,000 on or before July 15, 2022, through the said counsel as a demonstration of the 2nd Defendant’s good faith and commitment to liquidating his Indebtedness to him which the 2nd Defendant failed to keep.

Turaki said he later instructed his lawyers, N.A. Saidu Legal Consult issued a demand letter to Echefu seeking repayment, but no response was received.

He emphasised that, given the efforts made and the lack of response from the defendants, it became clear to him that the defendants had no intention of repaying the loans which Echefu personally obtained and which are now overdue.

He, therefore, urged the court to compel the defendants to repay the outstanding loans with post-judgment interest of 10 per cent annually until the debt is fully liquidated.

In his judgment, Justice Kawu granted all the reliefs sought by Turaki.

He held, “An order of this Honourable Court directing the 1st and 2nd defendants, jointly and severally, to pay the claimant the sum of ₦138,000,000 (One Hundred and Thirty-Eight Million Naira) being the total loan advanced, now due and unpaid.

“An order directing the 1st and 2nd defendants, jointly and severally, to pay the claimant the sum of US$1,350,000 (One Million, Three Hundred and Fifty Thousand US Dollars) being the total loan advanced, now due and unpaid.

“An order directing the 1st and 2nd defendants, jointly and severally, to pay the claimant the sum of US$70,000 (Seventy Thousand US Dollars) being the total loan advanced, now due and unpaid.

“An order directing the 2nd defendant to pay the claimant the sum of ₦800,000,000 (Eight Hundred Million Naira) being the total sum paid for 50% equity in the 1st defendant, despite knowing the company was moribund.

“An order awarding post-judgment interest at 10 per cent per annum on the total judgment sum from the date of the judgment until full satisfaction of the debt, and such further orders as the court may deem fit.”
(PUNCH)

Metro

Fake Madman Arrested For Cultivating Cannabis Farm In Anambra

Published

15 minutes ago

September 18, 2025

Editor

The Anambra State Police Command has arrested a 43-year-old man, Patrick Ojele, for allegedly disguising himself as a mentally unstable person while secretly cultivating a cannabis farm in Awka, the state capital.

The Spokesman for the Anambra State Police Command, Tochukwu Ikenga, stated in a press release on Thursday that operatives attached to the operations department arrested the suspect during a patrol along the Awka–Enugu Expressway, near Ngozika Estate, on Wednesday.

The statement read in part, “The Anambra State Police Command has arrested a 43-year-old man, Patrick Ojele, who pretended to be mentally unstable while secretly cultivating a marijuana farm in Awka, the state capital.

“The police operatives attached to the Operations Department, Awka, nabbed the suspect on September 17, 2025, during a routine patrol along the Awka–Enugu Expressway near Ngozika Estate.

“He later led the team to the hidden farm, where large quantities of weeds suspected to be cannabis sativa were recovered.

“The Commissioner of Police, CP Ikioye Orutugu, noted that the arrest reflects the Command’s renewed strategy of cutting off criminal supplies by targeting drug dealers who embolden cultists and violent offenders.”

According to him, the CP further directed that the suspect should be handed over to the Special Anti-Cultism Squad, Enugwu-Ukwu, for discreet investigation to trace his buyers and dismantle the wider distribution network.

The PUNCH had reported that the police command has arrested no fewer than 54 suspects, comprising 39 males and 15 females, for various offences ranging from kidnapping, cultism, hard drugs and banned substances.

Ikenga said the arrests were followed by coordinated raids by police operatives in Ogidi, Idemili North Local Government Area, and Ifitedunu, Dunukofia LGA, in separate raid operations.

According to him, the coordinated operations were in line with renewed strategies aimed at restoring sanity in the state and curbing the growing menace of crime among young people between 18 and 26 years.

Metro

JUST IN: 6 More Deaths Confirmed In Afriland Towers Fire

Published

5 hours ago

September 18, 2025

Editor

The death toll from the tragic fire at Afriland Towers Fire on Broad Street, Lagos Island, has climbed to 10, following confirmation that six employees of United Capital Plc died in the inferno.

LEADERSHIP reports that the six-storey commercial building was engulfed in flames on Tuesday, September 16, 2025, after a fire reportedly broke out in the inverter room located in the basement around 1:30 p.m. Thick smoke filled the building, sending panic among occupants, with some seen attempting desperate escapes through windows using a ladder as emergency responders battled the blaze.

United Capital, a financial and investment services firm that occupied the 3rd and 4th floors of the building, announced the deaths of six of its staff members in a statement released Thursday morning.

“It is with profound grief that the Management and Staff of United Capital Plc announce the passing of six of our dear colleagues, following the tragic fire at Afriland Towers on Tuesday, September 16, 2025.

“Our departed colleagues were an integral part of our company and family. Their painful loss leaves an immeasurable void. We extend our deepest and heartfelt condolences to their families, friends, and loved ones, and we continue to hold them in our thoughts and prayers, as well as provide all the support we can to them during this most difficult time.

“We are making preparations for an appropriate memorial service to honour their lives and mark their passing with dignity and solemnity. We thank the emergency services and all those who responded for their valiant assistance at the time of the incident.

“In this moment of untold grief, we stand together in solidarity, drawing strength from one another as we navigate this period. May the souls of the departed rest in peace.”

This latest confirmation came just hours after the Federal Inland Revenue Service (FIRS) disclosed that four of its senior staff also died in the incident, bringing the total number of confirmed fatalities to 10.

Emergency responders, including officials of the Federal Fire Service and the Lagos State Fire and Rescue Service, rescued at least nine people during the operation. Five were successfully revived, while four remained unconscious.

The Lagos State Fire and Rescue Service said in a statement on Tuesday, “A total of nine victims have been rescued. Five individuals have been resuscitated. Several others escaped unhurt, while efforts are ongoing to revive the remaining four.”

Although emergency agencies were yet to release an official casualty figure, eyewitnesses and company insiders had earlier claimed that “not everyone made it out alive.”

Attempts to reach the Lagos State Fire and Rescue Service, the National Emergency Management Agency, and the Lagos State Emergency Management Agency for an update were unsuccessful at the time of filing this report.

Metro

Teacher Bags 14 Years Imprisonment For Sexually Abusing Seven-yr-old

Published

17 hours ago

September 17, 2025

Editor

Lady-justice
Justice Rahman Oshodi of a Lagos Sexual Offences and Domestic Violence Court sitting in Ikeja has sentenced a 61-year-old teacher, Igwe Ngozi, to 14 years imprisonment for sexual assault of a seven-year-old child.

The judge sentenced and convicted Ngozi after finding him guilty as he pleaded to an amended one-count charge brought against him by the state government.

The charge bordered on sexual assault by penetration.

The prosecution alleged that the defendant, on or about February 2019 at Linsey Nursery and Primary School at Igbo-Efon Alpha Beach Road, Lekki, Lagos, attempted to assault a seven-year-old girl by penetrating her vagina with his finger.

His offence is contrary to the provision of Section 262 C.17, Vol. 3 of the Criminal Law of Lagos State 2015.
However, Ngozi was initially charged with one count of sexual assault by penetration, which is punishable by life imprisonment, but approached the prosecution for a plea bargain.

He had pleaded not guilty to the charge when he was initially arraigned sometime in February 2019.

The victim’s mother (PW1) testified that the incident occurred one day when she observed that her daughter’s pants were messy and that she had been complaining of lower abdominal pain.

She told the court that her daughter said her class teacher had been inserting his finger into her vagina, and that each time he did that, she became scared and sometimes screamed.

The state counsel, S.O. Dada, informed the court on June 16, 2025, and filed on June 19, 2025, that Ngozi had agreed to a plea bargain agreement, which necessitated the amended charge of attempted sexual assault by penetration.

He was therefore re-arraigned on July 17, 2025, and he pleaded guilty.

While delivering judgment yesterday, Justice Oshodi held that he was satisfied that the convict was competent to enter the plea bargain agreement.

The judge held that, “The first charge is punishable by life imprisonment. However, through the plea bargain process, you have pleaded guilty to this lesser charge, and I am bound to sentence you according to the agreed terms.”

“As a class teacher, you were supposed to protect the child, but unfortunately abused a seven-year-old child, causing physiological trauma to the victim.”

“Igwe Ngozi, I have considered your breach of trust as a teacher and the trauma inflicted upon her; I find the maximum sentence appropriate.”

The court therefore found him guilty as charged and sentenced him to 14 years imprisonment. The court ordered that the sentence should begin from the date he was remanded in custody.

The judge also held that the convict should be registered as a sex offender in furtherance of Sections 33 and 38 of the Domestic and Sexual Violence Agency Law of Lagos State 2021, and also serve his sentence in the place he has been held during his trial.