The Economic and Financial Crimes Commission (EFCC) is probing 28 companies over suspected contract irregularities linked to the Ogun-Osun River Basin Development Authority (OORBDA) led by Dr. Adedeji Ashiru.
The development was disclosed in an official letter (Ref: CR:3000/EFCC/ABJ/HQ/SDC-4/B/MAK/VOL.2/448) addressed to the Managing Director/CEO of the Authority.
Signed by Friday S. Ébelo, Acting Director EC’s Office & Coordinator, Special Duties HQ, the correspondence directed the Authority’s Director of Procurement to appear for questioning and provide extensive documentation on all contracts involving the listed companies.
The EFCC stated: “The Commission is investigating a case in which the above mentioned companies featured and the need to obtain certain clarifications from your organisation has become imperative.”
The 28 companies under scrutiny include Akgen Solution Limited, Alpuba Services Limited Abuja, Altitude Global Links Ltd, Assa 2 Classic Ventures Nigeria Limited, Asta Resources And Investment Limited, Bapam House Service Limited, Bisk Investment And Integrated Limited, Siasalam General Concept Nigeria Limited, Daib Nigeria Limited, Techtap Consult Limited, Well Fun Associates Limited, Blue Light Gold System Limited, Bosfum Networks Limited, B-Ventures & Concept Nigeria Limited, Cemay Technology Limited, Cinedox Solution Limited Abuja, End Colours Services Limited, Est Source Solutions Limited, Funcast Consulting & Management Limited, Ibadak Construction Limited Abuja, Jibsalam Model Concept & Unique Ventures Limited, Lanum Integrated Services Limited Abuja, Latdok Integrated Services Limited, Nanvillias Management Limited, Pasmid Solution Limited, Rayoz Digit Services Limited Abuja, and Sbr Financial Consultants Limited.
The EFCC requested that the Director of Procurement bring certified true copies of all documents detailing contractual relationships with the above companies, including contract documents/agreements, nature of contract/location, contract sums, payments made, outstanding obligations, and current status of contracts.
The agency cited legal authority under Section 38(1) of the Economic and Financial Crimes Commission (Establishment) Act, 2004, and Section 24 of the Money Laundering (Prevention and Prohibition) Act, 2022.
This investigation comes amid growing scrutiny of procurement processes in federal agencies. Earlier reports by SaharaReporters revealed that three Executive Directors of O-ORBDA petitioned the Bureau of Public Procurement (BPP), alleging serious irregularities in the Authority’s 2025 procurement cycle.
The petition, routed through the Board Chairman to the BPP Director General, was signed by Sowade Oluwakayode (Executive Director, Engineering Services), Ayobami Oyalowo (Executive Director, Finance and Administration), and Sulaimon Oris (Executive Director, Agricultural Services). The directors claimed that despite being members of the Parastatal Tenders Board (PTB), they were “neither invited to any internal deliberations on the petitions nor called to provide clarifications.”
They raised concerns about skewed project allocations, noting that “over ₦40 billion out of a ₦45 billion envelope was allocated to Ogun State, leaving Osun, Oyo, and Lagos States grossly disadvantaged.” They recommended extending the advertisement period to correct the anomaly, but the MD allegedly promised to consider corrections in the next budget cycle.
Other allegations include breach of procurement procedure, opaque financial bid openings, rejection of technically endorsed engineering cost estimates, and approval of grossly inflated estimates. Two lots were cited where contractors’ submissions mirrored the inflated internal estimates down to the last digit, suggesting unauthorized access to internal data.
The directors also accused the MD of awarding contracts in violation of the lowest responsive bidder requirement and conducting a “kangaroo PTB session” with only one Executive Director present.
Further procedural violations include compelling contractors to purchase solar pumps exclusively from Jovak Company despite no mandate in tender documents, violating sections of the Public Procurement Act that guarantee transparency, competition, value for money, and equal opportunity.
The directors warned that such violations could result in “imprisonment (minimum 5 years), dismissal from office, blacklisting of the involved company, and fines or forfeiture of illicit gains.”
The EFCC has now called for full documentation and interviews as part of its probe into alleged financial and procedural misconduct at O-ORBDA.
