The Ogun/Osun River Basin Development Authority, under its Managing Director, Engr. Dr. Adedeji Ashiru, paid out more than 10 billion in a single day on May 11, 2026, while payment records reveal that 11 business noted as non-active on the Corporate Affairs Commission (CAC) register got a combined 7.08 billion from the company.
An examination by TrackNews Online into the authority’s payment records exposes that 339 payments amounting to 31.99 billion were made to 143 recipients in between June 10, 2024, when Ashiru presumed workplace, and May 11, 2026.
The findings raise severe concerns about the authority’s procurement practices, advance-payment plans, specialist eligibility, job execution, geographical jurisdiction and the oversight of public funds.
10.08 BILLION DISBURSED IN ONE DAY
On May 11, 2026, the authority tape-recorded 51 payments worth 10,083,245,510.01, representing its whole taped payment activity for 2026 approximately that date.
Of the 51 deals, 45 were categorized as 30 percent advance payments, totaling up to 8,811,086,303.29.
The scale and concentration of the payments are especially substantial when taken a look at versus the authority’s total expense throughout Ashiru’s period.
In 2025 alone, the authority made 281 payments amounting to 21,809,093,607.28.
19.11 BILLION PAID AS 30 PER CENT ADVANCES
Among the most striking findings worries the frequency and worth of advance payments.
Of the 339 deals analyzed, 200 were referred to as 30 percent advance payments, amounting to 19,114,830,951.59.
That represents roughly 59.7 percent of the authority’s whole 31.99 billion expense throughout the duration.
At the specified 30 percent advance rate, the payments represent agreements with an approximated combined worth of roughly 63.7 billion.
The General Public Procurement Act attends to advance payments based on the needed advance-payment assurance and healing plans through subsequent interim certificates.
The authority’s records reveal that advance payments were consistently launched in big batches, in some cases including lots of professionals on the exact same day.
February 2025 represented 11,401,944,576.95, representing around 35.6 percent of the whole expense examined.
Extremely, all payments taped for that month took place in between February 24 and 27.
On February 25, 2025, the authority processed 79 payments worth 5,020,630,351.56. Each of the 79 deals was categorized as a 30 percent advance.
December payments throughout the duration totaled up to another 4,787,832,719.38.
10.19 BILLION IN FULL PAYMENTS
The records likewise include 93 deals referred to as complete payments, totaling up to 10,199,869,155.90.
October 30, 2025, was the biggest settlement day, with 22 payments amounting to 3,895,550,553.88.
Fifteen of those deals, valued at 2,672,658,770.47, were complete payments associating with tasks that had actually gotten advances in February.
The payment pattern raises concerns about the documents of work finished, accreditation treatments and how the authority confirmed the jobs before launching last payments.
D’FRONTIERS MULTIPROJECT EMERGES AS BIGGEST BENEFICIARY
D’Frontiers Multiproject Nigeria Limited became the biggest private recipient, getting 6 payments amounting to 2,455,667,633.16.
Its payment history supplies an illustration of the advance-and-final-payment structure.
On February 26, 2025, the business got 342,702,157.31 as a 30 percent advance for flood and disintegration control operates at Owakurudu, Ijebu Ode.
On December 21, 2025, it got 533,947,599.02 as complete payment on Certificate 01 for the task.
A day later on in the February payment series, on February 27, 2025, it got another advance of 261,190,337.33 for celestial energy systems at Olute, Yewa South.
On October 30, 2025, the business got 557,723,311.48 as complete payment on the last certificate for that job.
The business consequently got 2 more bear down May 11, 2026: 392,564,803.46 for restoration of the concrete dam at the Lower Ogun Irrigation Project and 367,539,424.56 for an earth dam on the Ekisa River in Odogbolu.
CAC records recognize D’Frontiers Multiproject Nigeria Limited as RC 967268, integrated on July 19, 2011, with an ACTIVE status.
AUTHORITY’S VENTURE COMPANY RECEIVED 72 PAYMENTS
Another uncommon function of the payment records issues O-ORBDA Vents. Ltd, recognized as the authority’s endeavor business.
The business got 72 payments amounting to 615,357,323.
Sixty-eight of these deals, totaling up to 550,187,793.41, were taped as costs for 30 percent advance payment warranty charges on behalf of called specialists and particular jobs.
The costs were normally dated on the very same day the specialists got their particular advances.
In a number of circumstances, the quantities were comparable to around 6.02 percent of the specialists’ advances.
:
— Stonebridge Engineering Services Ltd got an advance of 248,709,787.20 on February 24, 2025, while O-ORBDA Vents. Ltd got a matching expense of 14,969,934.
— SBR Financial Consultants Limited got an advance of 111,855,747.18 on February 27, 2025, with a matching costs of 6,732,638.76.
— Pucca System Engineering Ltd got an advance of 161,887,892.91, while the endeavor business got 9,744,092.10.
2 other expenses were tape-recorded as round payments of 5 million and 10 million.
The endeavor business’s staying deals consisted of outsourced personnel incomes of 22,264,165.74 and 15,017,385.61 in December 2024, along with 20,445,000 for personnel capability structure.
More concerns occur from its business identity.
Searches of the CAC public register supposedly returned no registration record under the various variations of the business’s name.
TrackNews discovered CAC records for 38 of the 39 business recognized in the payment records O-ORBDA Vents. Ltd was the only name for which a registration record might not lie.
The lack of a search results page does not, by itself, develop that the business is unregistered. The authority needs to clarify its legal status, ownership structure and the basis on which it got the payments.
NUGACON RECEIVED 1.09 BILLION FOR ONE PROJECT IN THREE PAYMENTS
The May 11, 2026, payment batch likewise consists of an uncommon series of deals including Nugacon Ltd.
The business got 3 payments amounting to 1,091,943,553.72 for the building of a small sports location at Iperu, Ogun State, under the 2024 Appropriation.
The deals were:
— 66,261,473.44 as a 30 percent advance.
— 123,428,208.68 referred to as 92.39 percent of Certificate 01.
— 902,253,871.60 referred to as complete payment on Certificate 01.
The 2 certificate-related payments are especially notable due to the fact that both describe Certificate 01, one as a portion payment and the other as complete payment.
The job was openly tendered under the FY 2024 Supplementary Appropriation in Lots D29A, D29B and E9, with quote opening performed on December 23, 2024.
In September 2024, the authority openly revealed that the tasks would be finished within 6 months.
The 3 payments were tape-recorded on May 11, 2026.
Nugacon Ltd is noted as RC 59802, integrated on January 7, 1984, with ACTIVE status. Released profiles in City People Magazine and The Nation determine Otunba Abiodun Onanuga as the business’s leading figure.
The authority ought to discuss how the 3 payments were accredited and fixed up versus the job’s initial agreement amount and conclusion schedule.
493.85 MILLION PAID FOR PROJECTS OUTSIDE THE AUTHORITY’S COVERAGE
The examination likewise recognized payments for jobs in Benue State, in spite of the authority’s statutory geographical protection being Lagos, Oyo, Ogun and Osun States.
An overall of 493,855,780.04 was recognized for tasks in Benue.
Bolesh Interbiz Limited, which got 916,375,109.96 from the authority in 6 deals, gathered a 30 percent advance of 362,045,287.63 on May 11, 2026, for the asphalting of the Achiiha-Mlan-Uhur rural gain access to roadway at Ugbema, Buruku Local Government Area of Benue State.
Rubilal Nigeria Limited likewise got an advance in the February 2025 batch for the supply and setup of excellent systems in Benue neighborhoods.
The matching expense tape-recorded for O-ORBDA Vents. Ltd on the Rubilal deal was 7,483,299.68.
The River Basins Development Authorities Act develops the Ogun/Osun Authority to establish and handle water resources within its designated river basins.
Following the December 2024 governmental reconstitution of the river basin managements, reports by TheCable and Premium Times determined the authority’s protection as Lagos, Oyo, Ogun and Osun States.
Benue is not amongst those states.
The payments for that reason raise concerns about the legal and administrative basis for the authority’s participation in tasks outside its designated geographical protection.
VERY SAME PRODUCTS, SIMILAR CONTRACT VALUES, MULTIPLE COMPANIES
Another pattern worries the procurement of celestial and outstanding energy systems.
The records determine 36 payments amounting to 3,995,110,777.16 for the supply and setup of these systems through 13 business.
On February 25, 2025, 4 various business got advances for the exact same item, with payment quantities separated by less than 25,000.
They were:
— Sedabus Integrated Limited– 124,327,969.65.
— Rubilal Nigeria Limited– 124,327,192.73.
— Coraggio Nigeria Limited– 124,313,034.23.
— Modescom Solutions Ltd– 124,303,188.89.
The resemblance in the payment worths raises concerns about how the agreements were priced, whether they were individually examined and what procurement treatments were followed.
TRACTOR CONTRACTS ALSO SHOW SIMILAR PAYMENT PATTERNS
The procurement of tractors and farming carries out provides another example.
On May 11, 2026, 3 business got 30 percent advances for tractors and farm executes planned for jobs in Ogun, Oyo and Osun States.
Fourstars Multi-Services Ltd got 337,114,061.46.
H & & H Solutions Logistics Ltd got 336,379,901.91.
Stonebridge Engineering Services Ltd got 335,776,952.61.
Together, the payments totaled up to 1,009,270,915.98.
The February 25, 2025, payment batch likewise consists of 3 similar advances of 112,144,186.05 to 3 various business for different tasks.
They were Latdok Integrated Services Limited for a farm gain access to roadway, Bapam House Service Limited for an earth dam at Fiditi, and Lanum Integrated Services Limited for desilting of the Ogun River at the Arakanga axis.
The similar payment quantities require explanation relating to the agreement evaluations, procurement evaluations and the basis for the advances.
7.08 BILLION PAID TO 11 INACTIVE COMPANIES
Maybe the most considerable business compliance finding issues 11 recipients noted as INACTIVE on the CAC register.
Together, the business got 7,079,559,068.65 from the authority throughout Ashiru’s period.
They are:
1. Fourstars Multi-Services Ltd– 1,073,672,880.11.
2. Stonebridge Engineering Services Ltd– 1,001,260,988.33.
3. H & & H Solutions Logistics Ltd– 883,634,768.65.
4. Josdean Diamondstar Synergy Resource Ltd– 866,553,369.38.
5. Jaijo Homes of Machines Ltd– 743,025,336.75.
6. Aj & & Kaz Enterprises Nigeria Limited– 597,195,876.68.
7. Blue Light Gold System Limited– 520,669,458.22.
8. White Wales Global Services Ltd– 470,784,339.94.
9. Rubilal Nigeria Limited– 467,547,929.54.
10. Ibadak Construction Limited– 330,721,664.83.
11. Gamji Nigeria Company Limited– 124,492,456.22.
The business status of these business raises crucial concerns about their eligibility, capability and compliance at the time the agreements were granted and payments made.
2 of the business were integrated on successive days.
Fourstars Multi-Services Ltd was integrated on November 28, 2023, with RC 7240970, while Stonebridge Engineering Services Ltd was included on November 29, 2023, with RC 7242800.
Both business consequently ended up being significant recipients of the authority’s payments, in spite of their present INACTIVE status.
4 other business were included within 3 days in December 2024, weeks before the February 2025 advance-payment batches in which they initially appeared.
They consist of:
— Sendai Construction Nigeria Ltd, integrated December 11, 2024, getting 596,112,071.10.
— Binders Engineering and Construction Ltd, included December 12, 2024, getting 417,358,412.36.
— Roswell Agro-Services Limited, integrated December 12, 2024, getting 415,912,973.06.
— Broadlink Construction Limited, included December 13, 2024, getting 317,693,846.24.
All 4 are noted as ACTIVE.
The timing of their incorporation and subsequent look in the authority’s payment records raises concerns about how the business were recognized, evaluated and gotten approved for the agreements.
It is essential to develop whether the 11 business were non-active when the agreements were granted, when payments were made or just consequently. Their existing CAC status alone does not develop their status at the time of each deal.
EXACT SAME CONTRACTORS RECEIVE BILLIONS FROM OTHER GOVERNMENT AGENCIES
TrackNews likewise recognized overlapping recipients in payment records from other public organizations.
In the Federal Ministry of Housing and Urban Development head office payment records, D’Frontiers Multiproject Nigeria Limited got 853,301,252.41 in a single-day final-payment cluster on December 19, 2025.
It got another 660,729,512.38 on December 31, 2025, for hardship relief loads.
The combined quantity was 1,514,030,764.79.
Fourstars Multi-Services Ltd got 1,234,945,310.58 in 2 payments on December 19, 2025.
Stonebridge Engineering Services Ltd got 1,479,662,839.25 in 2 payments on the exact same day.
Josdean Diamondstar Synergy Resource Ltd likewise got 424,719,156.89 for solar boreholes, while a Fourstars payment for solar boreholes in the exact same records stood at 424,719,143.13– a distinction of simply 13.76.
Throughout broader payment records, invoices from other federal government payers consisted of:
— D’Frontiers Multiproject Nigeria Limited– 5,814,857,295.53 in 40 payments.
— Stonebridge Engineering Services Ltd– 5,536,266,483.32 in 22 payments.
— Fourstars Multi-Services Ltd– 4,896,863,487.84 in 20 payments.
— Techtap Consult Limited– 12,167,112,777.34 in 110 payments.
The repeating public-sector payers recognized consist of federal cooperative colleges in Ibadan, Oji River and Kaduna, the Energy Commission of Nigeria, University College Hospital Ibadan and federal colleges of farming.
The duplicated look of a few of these business throughout numerous public organizations raises wider concerns about specialist concentration, procurement oversight and the confirmation of business capability.
EFCC INVESTIGATION AND BPP SUSPENSION ALREADY SHADOWED THE AUTHORITY’S PROCUREMENT
The payment path likewise comes versus the background of previous procurement debates including the authority.
Reports released on November 29, 2025, by SaharaReporters and syndicated by other media outlets, consisting of Witness, specified that 3 Executive Directors of the authority had actually petitioned the Bureau of Public Procurement over the 2025 procurement workouts.
The reports stated the Bureau suspended the impacted procurements.
The Economic and Financial Crimes Commission likewise supposedly asked for agreement files associating with 27 called business in a letter referenced CR:3000/ EFCC/ABJ/HQ/ SDC-4/ B/MAK/VOL.2/ 448.
TrackNews developed that 13 of those 27 business appeared in the payment records evaluated for Ashiru’s period.
Together, they got 4,008,037,034.69 in 29 deals.
The business consist of Techtap Consult Limited, Lanum Integrated Services Limited, Bapam House Service Limited, Blue Light Gold System Limited, Alpuba Services Limited, Cinedox Solution Limited, Latdok Integrated Services Limited, Rayoz Digit Services Limited, Akgen Solutions Limited, Nanvillias Management Limited, SBR Financial Consultants Limited, Jibsalam Model Concept & & Unique Ventures Limited and Ibadak Construction Limited.
Significantly, Latdok Integrated Services, Bapam House Service and Lanum Integrated Services were the 3 business that got similar advances of 112,144,186.05 on February 25, 2025.
Senate committees likewise questioned the authority in July 2026 over unremitted earnings and audited accounts apparently not submitted given that 2022, according to ThisDay and New Telegraph.
These advancements make the authority’s payment records. especially essential for public responsibility.
CLAIM OF OVER 400 SOLAR-POWERED BOREHOLES
Ashiru has actually openly credited the authority with providing more than 400 solar-powered boreholes throughout his period.
In the payment records evaluated by TrackNews, the word borehole appears in just 2 payment descriptions, with a combined worth of 158,019,928.43.
Other solar water-related activities appear to have actually been categorized under celestial energy systems and watering task descriptions.
This does not develop that the authority stopped working to provide the declared boreholes, however it raises concerns about job recognition, expense category and the accessibility of proven records connecting payments to finished centers.
PAYMENTS TO INDIVIDUALS AND STAFF CO-OPERATIVE
The examination discovered that payments were extremely made to business recipients instead of people.
Just one deal amongst the 339 payments called a private recipient.
Folasade Olaide Omikunle got 6,775,000 on December 31, 2025, referred to as cleaning company by O-ORBDA Ventures Ltd.
The authority’s personnel cooperative, CTLS OORBDA ABK, likewise got 5,458,000 on June 30, 2025, and 5,466,000 on July 28, 2025.
CONCERNS THE AUTHORITY MUST ANSWER
The findings raise a number of concerns for the Managing Director, Engr. Dr. Adedeji Ashiru, and the management of the Ogun/Osun River Basin Development Authority:
1. What assurances were acquired before the release of the 19.11 billion beforehand payments?
2. How were the 11 business presently noted as non-active on the CAC register examined and confirmed before getting more than 7 billion?
3. Were these business active and certified when their agreements were granted and payments made?
4. What is the legal status, ownership and registration variety of O-ORBDA Vents. Ltd, which got 615.35 million?
5. What legal or statutory authority allowed the firm to money jobs in Benue State, outside its designated geographical protection?
6. How were the 3 payments amounting to 1.09 billion to Nugacon Ltd fixed up versus Certificate 01 for the Iperu mini sports location?
7. Why were numerous specialists granted comparable tasks with incredibly close or similar advance-payment quantities?
8. What services validated the around 6.02 percent expenses charged by the authority’s endeavor business on a number of professionals’ advances?
9. What is the present status of the tasks for which the authority launched billions beforehand payments?
10. What were the findings and results of the EFCC and Bureau of Public Procurement interventions worrying the authority’s 2025 procurement workouts?
The authority’s statutory obligation is to establish and handle water resources within its designated river basins. Its monetary records need to for that reason show transparent procurement, correctly recorded payments, proven task shipment and compliance with public procurement laws.
With almost 32 billion paid out in less than 2 years, consisting of more than 19 billion beforehand payments and over 7 billion paid to business presently noted as non-active, the general public should have clear descriptions.
TrackNews Online will continue to analyze the payment records, procurement files and task shipment proof surrounding the Ogun/Osun River Basin Development Authority.
This report is based upon payment records, business computer registry searches and formerly released reports. The findings raise concerns needing reactions from the authority and the called business; they ought to not be dealt with as evidence of criminal misbehavior. TrackNews Online invites an in-depth reaction from Engr. Dr. Adedeji Ashiru and all celebrations discussed.
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