Punch Newspaper published earlier today, October 30, 2025 that, “Military investigation into the alleged coup plot (against President Tinubu) has reportedly uncovered a trail of N45 billion disbursed from the bank accounts of the Niger Delta Development Commission to some politically exposed persons and the soldiers detained in connection with the rumoured conspiracy to topple President Bola Tinubu’s administration.”
The report further claimed that top management staff of the Commission were under scrutiny by military forces.
Reacting to this, the NDDC in a press release signed by its Director of Corporate Affairs, Mrs. Seledi Thompson Wakama described the Punch report as false, calling for a retraction and public apology.
The press release reads in full:
The Niger Delta Development Commission, NDDC, has demanded a retraction and apology from the Punch Newspaper over an alleged coup rumour against the Federal Republic of Nigeria.
The Commission’s Legal Counsel, ADEDIPE AND ADEDIPE Legal Practitioners, in a strongly worded letter signed by Chief Ayodeji Adedipe, SAN, demanded that The Punch Newspaper retract the offensive and false publication and tender an unreserved public apology.
Adedipe said the report, “edited by Awwal Owolabi, falsely alleged that Dr Samuel Ogbuku, Managing Director of the Niger Delta Development Commission (NDDC), was arrested by military intelligence for allegedly co-sponsoring a failed coup plot against President Tinubu.
“The publication further claimed, without any factual or evidential basis, that Dr Ogbuku transferred funds from NDDC contracts to finance an alleged coup plot. These allegations are entirely false, malicious, and defamatory.”
According to the letter, “Dr Ogbuku categorically denies these baseless claims. He has not been arrested, invited, or interrogated by any authority in connection with any alleged coup plot or financial misconduct. The publication represents a gross violation of journalistic ethics, as no attempt was made to contact or verify the story with him or the NDDC before its release.
“This reckless and damaging report has caused Dr. Ogbuku and his family severe emotional distress, embarrassment, and reputational harm. Friends, associates, and colleagues have inundated him with calls expressing shock and concern over the false claims.
“Accordingly, through his legal representatives, Dr Ogbuku has demanded the following from The Punch Newspaper and its editor, Awwal Owolabi:
1. Immediate retraction of the defamatory publication from all their news platforms; and
2. Publication of a written apology in at least four (4) national newspapers and five (5) consecutive editions of The Punch Newspaper, including all associated online and social media platforms.
“Failure to comply with these demands within seven (7) days from the receipt of the legal notice will compel Dr. Ogbuku to institute both civil and criminal proceedings against the publication and its editors, pursuant to the provisions of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015 (as amended in 2024) and other applicable laws of the Federal Republic of Nigeria.”
The NDDC reiterates its commitment to the development of the Niger Delta region, the peace and stability of Nigeria, and to upholding the highest standards of transparency and accountability in public service.
The NDDC Legal Counsel stated: “We therefore urge members of the public to disregard the said false report in its entirety and rely only on verified information from the Commission’s official communication channels.”
Seledi Thompson-Wakama
Director, Corporate Affairs
October 30, 2025.