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

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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.

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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.

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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.

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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.

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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.

READ ALSO:My Wife Used To Slap Me, Lock Me In The Room, Man Tells Court

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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“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.

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“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)

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LASG Orders Eviction Of Squatters Under Opebi–Mende Bridge

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The Lagos State Government has ordered the immediate eviction of squatters and traders who have converted the space beneath the yet-to-be-commissioned Opebi–Mende Bridge into makeshift homes and shops.

The directive followed an unscheduled inspection of the bridge on Thursday by the Commissioner for the Environment and Water Resources, Mr Tokunbo Wahab, alongside the Special Adviser to the Governor on Infrastructure, Olufemi Daramola, and the Permanent Secretary, Olatokunbo Oyenuga.

According to a statement signed and released by the Director of Public Affairs, Ministry of the Environment and Water Resources, Mr Kunle Adeshina, Wahab directed security agencies to immediately move in and dislodge all squatters and demolish illegal structures erected beneath the bridge.

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“The Lagos State Government has given a marching order for the immediate dislodgement of all types of squatters who have converted the underbelly of the new but yet-to-be-commissioned Opebi–Mende Bridge into homes and stores,” the statement read.

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Wahab said the state government would not allow any part of the newly built infrastructure to become a haven for miscreants, stressing that protecting lives and property remained a core duty of the administration.

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“It is disheartening that an iconic project which is almost ready for commissioning, has suddenly been taken over by different shades of miscreants and squatters.

“Even some people from the Cane Village have come to the underbelly of the bridge to create an illegal settlement. We will not only dislodge them but also permanently monitor the location to ensure they do not return,” Wahab was quoted as saying in the statement.

Reinforcing his stance in a post on X (formerly Twitter), Wahab wrote that the Sanwo-Olu administration “will not tolerate lawlessness,” warning mechanics who have turned the adjoining open space into workshops to vacate immediately or risk having their vehicles impounded.

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Security agencies will move in immediately, and we will sustain monitoring to ensure squatters do not return. The Opebi–Mende Bridge is a huge investment by the Babajide Sanwo-Olu–led administration, and we will protect it for the benefit of law-abiding citizens,” he wrote.

The Special Adviser on Infrastructure, Engr. Daramola, noted that the state had invested heavily in the project and warned that failure to act swiftly could turn the area into a slum. He pledged to collaborate with the Ministry of the Environment to clean up and maintain the site.

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The Opebi–Mende-Ojota Link Bridge, initiated by Governor Babajide Sanwo-Olu, was flagged off on 26 January 2022.

It is approximately 3.9 km long and is designed to connect Opebi in Ikeja through Mende to Maryland and Ojota, offering relief to motorists in the Ikeja-Ojota axis by easing congestion on roads such as Mobolaji Bank-Anthony and Kudirat Abiola Way.

Meanwhile, Lagos State Government has intensified enforcement operations to remove illegal structures under bridges and drainage channels in places like Ijora, Apongbon, Obalende, and Adeniji-Adele, as part of efforts to reclaim public space and address environmental, safety, and traffic concerns.

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Oil Spill Pollutes Bayelsa Communities

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An oil spill from an 8-inch crude delivery pipeline at Oil Mining Lease 29 has polluted Nembe communities around the Santa Barbara River in Bayelsa.

The OML 29 asset is operated by Nembe Exploration and Production Company Limited, formerly Aiteo Eastern Exploration and Production Company Limited.

The News Agency of Nigeria reports that the leak at Tora area in Nembe occurred on October 1, discharging a yet to be ascertained volume of Crude stress into the Santa Barbara River and surrounding areas.

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According to a letter to the operator of OML 29 by the legal counsel to the Opu Nembe Kingdom, signed by Mr Iniruo Wills, Managing Partner of Ntephe Smith and Wills, the spill has adversely impacted the people who depend on the Santa Barbara River.

READ ALSO:Neconde’s Oil Spill In Delta Community Causes Outrage

The letter sighted by a NAN Correspondent was in response to an invitation to a Joint Investigation Visit to the spill site to ascertain the cause and volume of the spill.

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The oil firm had confirmed the oil spill in a letter Ref: NEPCo/HSE-JIV/2025/04 dated October 5, which proposed a JIV for October 6.

The Nembe communities, in response to the letter, kicked against the October 6 date and opted for October 9.

“We remind you, as you are quite aware of already, that the Community requires and deserves decent notice to assemble a competent JIV team, some of whom usually come from Lagos, Port Harcourt and/or Yenagoa, in order to ensure due diligence and avoid or countervail the perennial practice of manipulating the JIV process and suppressing critical information.

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Please note that our clients demand a thorough and competent investigation of this spill, and adequate management (including swift post-spill assessment and remediation).

“Beyond this spill, for the records, we demand on behalf of our clients again for a top-level engagement (Company, Community Technical Team, and Regulators) for a lasting overall framework to put a stop to this unbearable and continual burden,” the letter read in part.

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Numerous oil spills in Bayelsa communities such as in the Obololi community and the Ogboinbiri area had been reported, leading to environmental contamination, loss of livelihoods from fish farms and farmlands, and health concerns, including water scarcity and potential outbreaks.

These recurring incidents, often attributed to equipment failure on pipelines operated by companies like Oando and Shell, have resulted in resident frustration over inadequate cleanup, lack of relief, and the spread of pollution into streams, creeks, and farmlands.

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FULL LIST: Police Arrest Suspects Involved In Death Of Arise TV Presenter

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The Nigeria Police Force (NPF) has confirmed the arrest of 12 suspects involved in the armed robbery incident that led to the death of Arise TV presenter, Somtochukwu Maduagwu.

According to the police, the suspects are: Shamsudeen Hassan ‘m’ from Katsina State, Hassan Isah ‘m’, 22 years from Kaduna, Abubakar Alkamu a.k.a. abba ‘m’, 27 years from Katsina, Sani Sirajo a.k.a. dan borume ‘m’ 20 years from Katsina, Mashkur Jamilu a.k.a. abba ‘m’ 28 years from Kaduna and Suleiman Badamasi a.k.a. dan-sule ‘m’ 21 years from Katsina.

Others are Abdul Salam saleh a.k.a. na-durudu ‘m’ from Katsina, Zaharadeen Muhammad a.k.a. gwaska ‘m’ 23 years from Kaduna, Musa adamu a.k.a. musa hassan ‘m’ 30 years from Katsina, Sumayya Mohammed a.k.a. baby ‘m’ 27 years from Kaduna, Isah Abdulrahman a.k.a. abbati ‘m’, 25 years from Kaduna and Musa Umar a.k.a. small ‘m’ 31 years from Borno.

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READ ALSO:ARISE News Broadcaster Killed In Abuja

The police added that shortly after the robbery incident, four (4) of the suspects Shamsudeen Hassan, Alkamu, Sirajo and one other person were apprehended through the tracking of phones stollen from the apartment during the robbery.

“During interrogation, Shamsudeen Hassan confessed that he shot the security guard when he attempted to prevent them from gaining access to the apartment,” the statement read.

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Sani Sirajo confessed to have tried to hold Somtochukwu Christella Maduagwu from falling off the three-storey building but was overwhelmed by her weight.

“Shamsudeen further confessed that he drove the white honda CR-V jeep out of the apartment after the operation. The four suspects admitted that they each received ₦200,000 from the proceeds of the crime.”

READ ALSO:FG Gives Overstaying Foreigners Ultimatum To Regularise Visa

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Recovered exhibits include: One fabricated ak-47 rifle, 36 rounds of 9mm live ammunition, one locally made pistol, one pump-action gun, two live cartridges, four mobile phones of the victims, two sharp knives, one cutlass and nine torchlights used during the operation.

The police said: “In continuation of investigations, yesterday, 08/10/2025, acting on a tip-off and actionable digital intelligence also provided by us, the remaining members of the gang, Musa umar a.k.a. small, Hassan Isah and other accomplices involved in the Gishiri robbery were intercepted while enroute to an already planned armed robbery operation scheduled to hold at maitama in the early hours of this morning.”

According to the statement, all suspects have confessed to the crimes while investigation is ongoing.

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