Coup Plotters Against Pres. Tinubu Received N835m Through 2 Private Companies To Execute It

BREAKING: Coup Plotters Against Pres. Tinubu Received N835m Through 2 Private Companies To Execute It

According to the Premium Times report, on Tuesday February 24,2026, Nigerian security agencies, including the Army Headquarters, State Security Service (SSS), and Economic and Financial Crimes Commission (EFCC), have concluded their investigation into an alleged coup plot aimed at overthrowing President Bola Tinubu, identifying two key individuals accused of providing financial support totaling N835 million.

The funds were reportedly channeled through two private companies to sustain the conspiracy, which involved military officers, civilians, and plans for a violent takeover of key government institutions.

This development follows a covert intelligence operation that led to the arrest of 40 suspects, comprising senior military personnel, a police officer, and civilians implicated in reconnaissance, funding, and propaganda activities. The probe’s findings have been forwarded to higher authorities, with preparations underway for a court-martial to try the involved soldiers, pending presidential approval.

Former Bayelsa State Governor and ex-Minister of State for Petroleum Resources Timipre Sylva is alleged to be the primary financier, contributing N785 million via Purple Waves Limited, an Abuja-based construction firm registered in March 2009.

Although company records from the Corporate Affairs Commission (CAC) do not list Mr. Sylva as a director or shareholder, investigators claim the funds were transferred through this entity to support the plot. The company’s secretary, John Ebokpo, has been arrested and remains in detention, while the firm’s Abuja office has been shuttered for approximately four to five months, coinciding with the timeline of related arrests.

Mr. Sylva, who denies any involvement, is currently at large, with intelligence sources indicating that one fleeing suspect—potentially linked to the network—has been traced to a South American country.

The second accused financier, Moses Zakwa, is said to have provided N50 million through Clay Ring Services Limited, a Lagos-based company specializing in property renovation, development, and management, where he serves as a director.