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DPR Topshot, Segun Adebayo In 5 Million Pounds Fraud Mess + How The Agency Defrauds FG

First Bank Nigeria

Former deputy manager with the Department of the Petroleum Resources [DPR] and now in the management cadre, Mr Segun David Adebayo is engulfed in a 5 million pounds mess that has seen him being arrested and quizzed by the operatives of the Nigeria Police. The DPR top shot however claimed that some con -artists only tried to defraud him of the said money.

Segun Adebayo is alleged to have joined a Switzerland based company known as Worldwide Organization, with the aim of illegally minting and printing foreign currency to the tune of 5 Million Pounds. And, he’s said to have worked with a Ghana national known as Engineer Kwando. Having become a full member of the notorious organization, the DPR bigwig then put his ambition of becoming a foreign currency mint expert in full gear.

With his company of Worldwide Organization operatives, Segun Adebayo then found a base in ABIDAP HOTELS, Mosan, Ipaja, in the outskirt of Lagos, where he moved with his cohorts in their seemingly unknown mission to sabotage the economy of the Federal Republic of Nigeria. However, luck ran out of him, as he was busted and arrested by the men of Nigeria Police. Sadly, Adebayo was able to wriggle himself out of the messy affair.

The DPR senior staff has however consistently maintained that he’s innocent and that ‘some people are all out to tarnish my image. ‘Those guys wanted to con me’ he quipped.

Our checks revealed that DPR is allegedly embedded in large scale fraud that has continually milked the Federal Government of several billions of Naira in revenue. The introduction of digital platform has allegedly become a big fraud. The introduced Oil and Gas Industry Service Permit [OGISP] is said to be using the servers of private companies and totally neglect the Department of Petroleum Resources’ [DPR] NATIONAL DATA REPOSITORY [NDR] – which is well equipped by the Federal Government.

Although, many insiders claimed that the new Director of DPR, Mordeccai Danteni Ladan is trying to clean and bring sanity into the department, the alleged anomaly created by the immediate past director of the agency, GEORGE ABIODUN OSAHON is firmly documented and can’t be wished away by fiat.

The management is alleged to have engaged the services of MAXFRONT NIGERIA LIMITED and DIMSTRON, which is allegedly owned by George Osahon’s cousin and has no experience in the downstream sector of the industry, but, it was saddled the responsibility of monitoring the activities of filling stations, depots and refineries.

MAXFRONT was allegedly used to carry out nefarious activities under the guise of implementing transformation process from manual to online digital. The company which has its shop/office at Ikota Shopping Complex at VGC, Lekki in Lagos was used in the issuance of licenses , permits, field development plan, rig licenses without recourse to the laid down rules and imports from the Management Committee [TMC]

And, to make matter worse, 10 year agreement was allegedly signed with MAXFRONT, while proceeds from the issuance of permits and licenses are allegedly shared as follows: DPR – 30percent, MAXFRONT – 50percent, while INTERSWITCH AND BANKS take 20percent.

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