₦835m Coup Cash Trail Leads To Sylva — Security Operatives Reveal Sh*cking Findings

Security agencies probing the alleged coup attempt against President Bola Ahmed Tinubu have reportedly traced ₦835 million to two private firms said to have been used to finance the plot.....KINDLY READ THE FULL STORY HERE▶

Investigators claim that former Bayelsa State Governor Timipre Sylva allegedly channelled ₦785 million through Purple Waves Limited, an Abuja-based construction company. In addition, one Moses Zakwa is alleged to have contributed ₦50 million via Clay Ring Services Limited, a property firm based in Lagos.

According to a report by Premium Times, security sources described Sylva—who previously served as Minister of State for Petroleum Resources under former President Muhammadu Buhari—as playing a major financial role in the alleged conspiracy.

Purple Waves Limited, the company through which the funds were reportedly routed, was registered in March 2009 for construction and maintenance services. Its company secretary, John Ebokpo, has reportedly been arrested and remains in detention.

Efforts to contact Sylva were unsuccessful as of the time of reporting, although he has previously denied any connection to the alleged coup. A visit to the firm’s registered Abuja address reportedly showed the office had been closed for several months, coinciding with arrests linked to the investigation. Corporate Affairs Commission records do not list Sylva as a director or shareholder of the company.

The second alleged financier, Moses Zakwa, is said to have transferred ₦50 million through Clay Ring Services Limited. However, little information is publicly available about Zakwa. Attempts to reach other listed directors of the company reportedly failed, and one named director denied any association with the firm.

Last month, the Defence Headquarters announced that investigations into the alleged coup plot had been concluded and submitted to the appropriate higher authorities. The military stated that several officers were implicated, describing their actions as inconsistent with the professional standards of the Armed Forces of Nigeria.

Security sources indicated that approximately 40 suspects are currently in detention, including senior military officers, a police officer, and civilians allegedly involved in surveillance, funding, and propaganda activities.

The intelligence operation was reportedly coordinated by Army Headquarters and the State Security Service (SSS), while the Economic and Financial Crimes Commission is said to be investigating certain civilian suspects.

Investigators also reportedly identified a retired Major General, Adamu, as a key figure connected to the alleged network. He is said to be on the run alongside Sylva. Intelligence sources further claimed that one suspect fled to a South American country, though authorities have withheld additional details for security reasons.

According to security sources, the alleged conspirators initially planned to disrupt the May 29, 2023 presidential inauguration but abandoned the plan due to funding and logistical challenges. The plot was allegedly revived in 2025 following the transfer of funds.

The purported ringleader, identified as Colonel Alhassan Maaji, was said to have coordinated plans for a forceful takeover. Among those allegedly marked as targets were President Tinubu, Vice President Kashim Shettima, Senate President Godswill Akpabio, Speaker Tajudeen Abbas, service chiefs, and the Commander of the Guards Brigade.

Some officers were reportedly assigned to seize key strategic locations, including the Presidential Villa, Niger Barracks, the Armed Forces Complex, and the Nnamdi Azikiwe International Airport.

Authorities said they recovered two gun trucks, anti-aircraft weapons, PKT machine guns, RPG launchers, AK-47 rifles, ammunition, and other tactical equipment from Lieutenant Colonel A.A. Hayatu of the 130 Battalion Main. Additionally, four Toyota Hilux trucks, a Toyota Prado SUV, two Toyota saloon cars, and 32 Volkswagen Golf vehicles allegedly acquired for covert operations were seized.

A security source confirmed that all recovered items remain in custody and that the retrieved funds have been deposited into a Nigerian Army Military Police account domiciled with the Central Bank of Nigeria.

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