On 11 May 2026, the Ogun/Osun River Basin Development Authority made 51 payments totalling N10,083,245,510.01, its entire 2026 payment record in one day. Forty-five of the 51 payments were 30 per cent advances, totalling N8,811,086,303.29.
SecretsReporters probe of the authority’s payment records under its Managing Director, Engr. Dr. Adedeji Ashiru, who assumed office on 10 June 2024, covers 339 payments totalling N31,999,678,078.70 made between that day and 11 May 2026 to 143 payees. The year 2025 alone carries 281 of the payments and N21,809,093,607.28 of the money.
Two hundred of the 339 payments are 30 per cent advance payments. They total N19,114,830,951.59, which is 59.7 per cent of all the money the authority paid out in the period, and at 30 per cent of contract sum they stand against contracts worth about N63.7 billion.
The Public Procurement Act permits an advance payment only where the contractor has first provided an advance payment guarantee for the full amount of the advance, and it requires the advance to be recovered from the interim certificates that follow, so that the balance of a contract is paid against certificates of work done. The authority’s records show the advance form used 200 times in under two years, released in batches on single days.
February 2025 carries N11,401,944,576.95 of the tenure total, 35.6 per cent of it, and every payment in that month falls on four days, 24 to 27 February. On 25 February 2025 the authority made 79 payments totalling N5,020,630,351.56, and every one of the 79 was a 30 per cent advance. Payments dated in December across the tenure total N4,787,832,719.38, 15.0 per cent of the whole.
Against the advances stand 93 payments described as full payments, totalling N10,199,869,155.90. The largest settlement day fell on 30 October 2025, when 22 payments totalling N3,895,550,553.88 included 15 full payments worth N2,672,658,770.47 that closed out February advances on the same projects.
The largest single payee is D’Frontiers Multiproject Nig. Ltd, with six payments totalling N2,455,667,633.16. Its records show the cycle in full: a 30 per cent advance of N342,702,157.31 on 26 February 2025 for flood and erosion control works at Owakurudu, Ijebu Ode, closed by a full payment on certificate 01 of N533,947,599.02 on 21 December 2025, and an advance of N261,190,337.33 on 27 February 2025 for astral energy systems at Olute, Yewa South, closed by a full payment on the final certificate of N557,723,311.48 on 30 October 2025. The company took two further advances on 11 May 2026, N392,564,803.46 for the reconstruction of the concrete weir at the Lower Ogun Irrigation Project and N367,539,424.56 for an earth dam on the Ekisa River, Odogbolu. On the Corporate Affairs Commission register, D’Frontiers Multiproject Nig. Ltd is RC 967268, incorporated on 19 July 2011 and standing ACTIVE.
The most frequent payee in the records is the authority’s own venture company, O-ORBDA Vents. Ltd, with 72 payments totalling N615,357,323.00. Sixty-eight of the payments, totalling N550,187,793.41, are bills drawn in the same form, Bill 1 for a named contractor being 30% APG on a named project, each one dated the same day as that contractor’s advance on that project. One further payment of N7,442,978.24 follows the same pattern in different words, recorded as a percentage charge on the advance paid to Miod Global Service Limited.
Where the bill is a computed figure, it comes to 6.02 per cent of the contractor’s advance in every pair the records set side by side: Stonebridge Engineering Services Ltd took an advance of N248,709,787.20 on 24 February 2025 and the subsidiary billed N14,969,934.00 on it; Sbr Financial Consultants Limited took an advance of N111,855,747.18 on 27 February 2025 and the bill was N6,732,638.76; Pucca System Engineering Ltd took an advance of N161,887,892.91 and the bill was N9,744,092.10. Two of the bills are round sums of N5,000,000.00 and N10,000,000.00. The venture company’s three remaining payments are outsourced staff wages of N22,264,165.74 and N15,017,385.61 paid in December 2024 and a staff capacity building payment of N20,445,000.00.
For O-ORBDA Vents. Ltd itself, searches of the Corporate Affairs Commission’s public register returned no registration record located under any variant of the name. The register holds records for 38 of the 39 companies named in the payment records; the authority’s own venture company is the one name it does not hold.
The largest of the 11 May 2026 payments went to one project. Nugacon Ltd received three payments that day, all for the construction of the mini sport area at Iperu, Ogun State, under the 2024 Appropriation: a 30 per cent advance of N66,261,473.44, a payment of N123,428,208.68 described as 92.39 per cent of certificate 01, and a payment of N902,253,871.60 described as full payment on certificate 01. The three total N1,091,943,553.72, and two of them are expressed against the same certificate, one as a percentage of it and one as full payment on it.
Under the Public Procurement Act, contract payments are made against certificates of work done, and an advance is recovered from the certificates that follow it. The Iperu project was publicly tendered under the FY 2024 Supplementary Appropriation, in Lots D29A and D29B and Lot E9, with bid opening on 23 December 2024, and in September 2024 the authority publicly promised completion of the works within six months. The three payments against it are dated 11 May 2026.
Nugacon Ltd stands on the register as RC 59802, incorporated on 7 January 1984 and ACTIVE, a construction company led by Otunba Abiodun Onanuga, according to published profiles in City People Magazine and The Nation.
The authority’s statutory coverage is Lagos, Oyo, Ogun and Osun States. Its payments include N493,855,780.04 for projects in Benue State. Bolesh Interbiz Limited, which received N916,375,109.96 in six payments from the authority in all, took a 30 per cent advance of N362,045,287.63 on 11 May 2026 for the asphalting of the Achiiha-Mlan-Uhur rural access road at Ugbema, Buruku Local Government Area of Benue State. Rubilal Nigeria Limited took a 30 per cent advance in the February 2025 batch for the supply and installation of stellar systems in communities in Benue State, and the venture company’s bill on that advance was N7,483,299.68.
The River Basins Development Authorities Act establishes the authority over the Ogun and Osun river basins and charges it with the development and management of the water resources of that area. The presidential reconstitution of the river basin managements in December 2024, as reported by TheCable and Premium Times, fixes the authority’s coverage at Lagos, Oyo, Ogun and Osun States. Benue State lies outside the basins and outside the four states.
Thirty-six payments totalling N3,995,110,777.16 pay for the supply and installation of astral energy systems or stellar systems across thirteen firms. On 25 February 2025, four firms received advances for the same product at amounts within N25,000 of one another: Sedabus Integrated Limited, N124,327,969.65; Rubilal Nigeria Limited, N124,327,192.73; Coraggio Nig. Limited, N124,313,034.23; and Modescom Solutions Ltd, N124,303,188.89.
The tractor procurements carry the same shape. On 11 May 2026, 30 per cent advances for tractors and farm implements for the Ogun, Oyo and Osun State farm projects went to three different firms at N337,114,061.46 to Fourstars Multi-Services Ltd, N336,379,901.91 to H & H Solutions Logistics Ltd and N335,776,952.61 to Stonebridge Engineering Services Ltd, N1,009,270,915.98 in all. On 25 February 2025, one identical amount, N112,144,186.05, was paid as an advance to three different firms on the same day: Latdok Intergrated Services Limited for a farm access road, Bapam House Service Limited for an earth dam at Fiditi, and Lanum Integrated Services Limited for the desilting of the Ogun River at the Arakanga axis.
Eleven of the companies the authority paid stand INACTIVE on the Corporate Affairs Commission register. Together they received N7,079,559,068.65 of the authority’s money. They are Fourstars Multi-Services Ltd, N1,073,672,880.11; Stonebridge Engineering Services Ltd, N1,001,260,988.33; H & H Solutions Logistics Ltd, N883,634,768.65; Josdean Diamondstar Synergy Resource Ltd, N866,553,369.38; Jaijo Homes of Machines Ltd, N743,025,336.75; Aj & Kaz Enterprises Nigeria Limited, N597,195,876.68; Blue Light Gold System Limited, N520,669,458.22; White Wales Global Services Ltd, N470,784,339.94; Rubilal Nigeria Limited, N467,547,929.54; Ibadak Construction Limited, N330,721,664.83; and Gamji Nigeria Company Limited, N124,492,456.22.
Two of the eleven were incorporated on consecutive days. Fourstars Multi-Services Ltd was incorporated on 28 November 2023 with RC number 7240970, and Stonebridge Engineering Services Ltd on 29 November 2023 with RC number 7242800. They stand second and fourth among all the authority’s payees in the period, and both stand INACTIVE.
Four more of the payees were incorporated within three days of one another in December 2024, weeks before the February 2025 advance batches in which they first appear in the records: Sendai Construction Nigeria Ltd, RC 8131262, incorporated on 11 December 2024, which received N596,112,071.10; Binders Engineering and Construction Ltd, RC 8131281, incorporated on 12 December 2024, which received N417,358,412.36; Roswell Agro-Services Limited, RC 8134755, incorporated on 12 December 2024, which received N415,912,973.06; and Broadlink Construction Limited, RC 8134768, incorporated on 13 December 2024, which received N317,693,846.24. All four stand ACTIVE on the register.
The same circle of firms is paid from other public books in the same pattern. In the Federal Ministry of Housing and Urban Development headquarters payment records, D’Frontiers Multiproject Nig. Ltd took N853,301,252.41 in a single-day final-payment cluster on 19 December 2025 and a further N660,729,512.38 on 31 December 2025 for poverty alleviation packs, N1,514,030,764.79 from that book in all; Fourstars Multi-Services Ltd took N1,234,945,310.58 in two payments on 19 December 2025; Stonebridge Engineering Services Ltd took N1,479,662,839.25 in two payments the same day; and Josdean Diamondstar Synergy Resource Ltd took N424,719,156.89 for solar boreholes that day, within N14 of a Fourstars payment of N424,719,143.13 for solar boreholes in the same book. Across the wider payment records, receipts from payers other than the authority total N5,814,857,295.53 for D’Frontiers in 40 payments, N5,536,266,483.32 for Stonebridge in 22 payments, N4,896,863,487.84 for Fourstars in 20 payments and N12,167,112,777.34 for Techtap Consult Limited in 110 payments, with the recurring payers a small set: the federal co-operative colleges at Ibadan, Oji River and Kaduna, the Energy Commission of Nigeria, University College Hospital Ibadan and the federal colleges of agriculture.
The authority’s 2025 procurement cycle is already under public investigation, and the payment trail set out above has run underneath it. Published reports of 29 November 2025, by SaharaReporters and as syndicated by Witness and other outlets, recorded that three of the authority’s own Executive Directors had petitioned the Bureau of Public Procurement over the 2025 procurements, that the Bureau suspended the affected procurements, and that the Economic and Financial Crimes Commission, in a letter with reference CR:3000/EFCC/ABJ/HQ/SDC-4/B/MAK/VOL.2/448, required the authority to produce the contract documents of 27 named companies. Thirteen of the 27 companies are in the payment records of Ashiru’s tenure, and they received N4,008,037,034.69 in 29 payments: Techtap Consult Limited, N639,365,639.01; Lanum Integrated Services Limited, N483,558,735.65; Bapam House Service Limited, N427,093,680.39; and Blue Light Gold System Limited, Alpuba Services Limited, Cinedox Solution Limited, Latdok Intergrated 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. The three firms that received the identical advances of 25 February 2025 are all on the Commission’s list. Senate committees also questioned the authority in July 2026 over unremitted revenue and audited accounts unfiled since 2022, as reported by ThisDay and New Telegraph.
Ashiru has publicly credited the authority with over 400 solar-powered boreholes in his tenure. In the payment records, the word borehole appears in the descriptions of two payments, totalling N158,019,928.43; the authority’s solar water work otherwise sits inside the astral systems and irrigation descriptions.
The payments do not run through individuals. One payment in the 339 names a person: Folasade Olaide Omikunle received N6,775,000.00 on 31 December 2025, described as cleaning services by O-ORBDA Ventures Ltd. The authority’s staff co-operative, Ctls Oorbda Abk, received N5,458,000.00 on 30 June 2025 and N5,466,000.00 on 28 July 2025.
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