Two persons accused of funding alleged coup plot against Bola Ahmed Tinubu have been identified as investigations continue into the reported attempt to remove the president from office.
According to Premium Times, a total of N835 million was allegedly funneled through two private companies to support the plot.
Former Bayelsa State Governor, Timipre Sylva, is reported to have contributed N785 million through Purple Waves Limited, an Abuja-based construction firm. The company’s secretary, John Ebokpo, has been detained by security agencies as part of the ongoing probe. Although Mr. Sylva allegedly provided the largest share of the funds and is said to be the main financier, records from the Corporate Affairs Commission do not list him as a director or shareholder of the company, which was registered in March 2009. He remains at large.
The second individual named in the investigation is Moses Zakwa, who allegedly contributed N50 million through Clay Ring Services Limited, a Lagos-based property management and renovation company where he is listed as a director. Authorities say further checks are ongoing to establish his background and involvement.
Security sources confirmed that about 40 suspects, including senior military officers, a police officer, and civilians, are being held over alleged roles in reconnaissance, funding, and planning linked to the plot. Some civilians have been granted bail, while others remain in custody under the Economic and Financial Crimes Commission and the State Security Service.
Retired Major General Adamu is also reportedly linked to the network and remains at large alongside Mr. Sylva. Intelligence reports indicate that one fleeing suspect has been traced to South America, though officials have not disclosed the specific country.
Investigators say the alleged coup was initially planned to coincide with the presidential inauguration on May 29, 2023, but was postponed due to insufficient funds and logistical challenges. The plan was reportedly revived in 2025 after the alleged transfer of funds.
The plot is said to have involved Colonel Alhassan Maaji and other officers, with plans to target key government officials and seize control of strategic locations, including the Presidential Villa, the Armed Forces Complex, and the Nnamdi Azikiwe International Airport.
Security agencies reportedly recovered weapons, tactical equipment, vehicles, and cash linked to the operation. Investigations have been concluded and forwarded to relevant authorities, while approval is being awaited to constitute a court-martial panel to try the military officers involved.
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