A suspected contract killer, Wasiu Akinwande, also known as Olori Eso, has been brought before the Ogba Magistrate Court by the Lagos State Police Command on 11 charges, which include murder, illegal possession of firearms, and other criminal offences.

The command’s spokesperson, Benjamin Hundeyin, confirmed the development in a statement shared with The Punch on Tuesday.

According to The Punch, Akinwande, aged 44 and dubbed the “most wanted vicious and notorious hired killer,” was arrested during a strategic operation titled “Silence, Speed and Surprise” conducted by the Command’s Tactical Squad at his hideout in the Agbado area of Ogun State.

Akinwande, known for his violent acts in Mushin and nearby locations, had evaded arrest until he was finally tracked to Ogun State.

Authorities recovered a large number of weapons and other incriminating materials from his residence, which the suspect “freely admitted he was using for his killing operations with his gang.”

Hundeyin stated, “Wasiu Akinwande aka Olori Eso is currently being arraigned at the Ogba Magistrate Court on an eleven-count charge.”

Among the charges is the alleged killing of Bankole Yusuf and Ramadan Yusuf on July 31, 2024, in Mushin.

Another charge alleges that he murdered 10-year-old Aminat Lateef on December 9, 2010, while she was on an errand in the Fadeyi area of Lagos.

The court documents state, “That you, Wasiu Akinwande, alias Olori Esho ‘m’ and others now at large, on or before the 31st day of July 2024, at Idi-araba area of Lagos, in the Lagos Magisterial District, did knowingly, unlawfully killed Ayinla ‘m’ surname unknown, Ojaja ‘m’ surname unknown and three other unknown persons (now deceased) by shooting them directly during a clash between your faction (known as unlawful society) with the AK 47 rifles in your possession and thereafter abscond to Alagbado area where you were tracked/arrested and thereby committed an offence punishable under Section 223 of the Law, Ch., C17, Vol.3, Laws of Lagos State, 2015.

“That you, Wasiu Akinwande, alias Olori Esho ‘m and others now at large, on the 31st day of July 2024, at No. 11, Mosalashi Street, Mushin, Lagos, in the Lagos Magisterial District, did unlawfully have in your possession K2 assault rifle with breach No. AR72739, Two AK-47 rifles with breach Nos. 0275 & 5688, Two locally made single barrel pistol, 70 rounds of 5.56 live ammunition, 27 round of 9mm live ammunition, 57 cartridges, three walkie talkies and One poisonous dagger, which you use for your unlawful activities in the society and you could not give a satisfactory account of how they came into your possession and thereby committed an offence contrary to and punishable under Section 27(1)(a)(b)(ii) of the Firearm Act Laws of the Federation of Nigeria 2004 (as amended).

“That you, Wasiu Akinwande, alias Olori Esho ‘m’ and others now at large, on the 17th day of February 2011, at Awoniyi Street, Idi-Araba, Mushin – Lagos, in the Lagos Magisterial District, did attempt to kill one Awawu Ajalara ‘f’ aged 58 years by shooting at her both legs with AK47 rifle in your possession and thereby committed an offence contrary to and punishable under Section 230(a) of the Law, Ch., C17, Vol.3, Laws of Lagos State, 2015.

“That you, Wasiu Akinwande, alias Olori Esho m and others now at large, on the same date, time and place, in the aforesaid Magisterial District, did unlawfully cause grievous harm to one Awawu Ajalara ‘f’ aged 58 years by shooting at her both legs with AK47 rifle in your possession, which caused her permanent disability and thereby committed an offence contrary to and punishable under Section 245 of the Law, Ch., C17, Vol 3, Laws of Lagos State, 2015.”

In a significant move toward fostering synergy between key players in the real estate sector, the Chairman of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State Branch, ESV Tosin Kadiri, led a high-powered delegation on a courtesy visit to the Chairman of Adron Group, Sir Aare Adetola Emmanuelking KOF. The visit, which took place at the Adron Homes Head Office, demonstrated the growing need for strategic partnerships to accelerate housing delivery and professional integration within Nigeria’s real estate ecosystem.

Welcoming the NIESV delegation, the Group Chairman, Sir Aare Adetola Emmanuelking, a proud member of the Institute, shared an inspiring insight into the journey that birthed Adron Homes. He recalled his early professional experiences in estate management, which shaped his vision to transition into property development, not merely to build houses, but to create cities, communities, and homes that endure.

“Adron Homes was not born out of convenience, but of a calling,” he stated. “The industry is rife with challenges, but if you are truly called and driven by vision, you will stand out. We’ve seen many fall by the wayside, but with determination, resilience, and strategic thinking, we have continued to build and grow.”

He highlighted Adron’s innovative application of the labelling theory in estate development, thematically branding each estate to reflect cultural or geographic inspiration. This, he noted, along with Adron’s heavy investment in infrastructure, has set the company apart as a responsible, visionary, and futuristic developer.

Speaking on behalf of the visiting team, the Chairman of NIESV Lagos Branch, ESV Kadiri Tosin, lauded Adron Homes as a formidable pillar in the Nigerian real estate landscape. He admired the scale and consistency of Adron’s developments and emphasized the need for a more structured relationship between the Nigerian Institution of Estate Surveyors and Valuers (NIESV), and Adron Homes.

“We are here to seek collaboration. We believe that our members can tap into the vast structures and opportunities that Adron Homes has already created,” he stated. Adding to the discourse, the Chairman of the NIESV Cooperative Society echoed the call for a deeper partnership. He proposed a collaborative housing scheme wherein Adron Homes could allocate a zone within its existing estates for NIESV members to create bespoke properties, aligned with their professional dreams and financial capabilities. According to him, “This collaboration could bring our collective dream into the larger Adron vision.”

In addition, the NIESV Lagos Chairman proposed a strategic partnership where experienced members of the institute, particularly those with expertise in estate and facility management, can be integrated into Adron Homes’ operations to create added value across its estates.

In his response, Aare Adetola Emmanuelking welcomed the proposals with open arms, expressing optimism about the future of a deepened collaboration between both parties.

“We’ve enjoyed a cordial and mutually beneficial relationship with NIESV Lagos Branch in the past,” he said. “This administration brings renewed energy, and we are eager to deepen that relationship in meaningful and strategic ways. We are always open to working with professionals whose values align with our mission and vision.”

Members of the NIESV Lagos Branch delegation took turns to commend the impressive footprint of Adron Homes across the nation. One of the executives remarked, “This visit has been an eye-opener. As practitioners in the industry, we often underestimate the breadth and depth of being a real estate developer. Today, we’ve gained a new perspective, and more importantly, renewed inspiration.”

In attendance at the high-level meeting were several NIESV executives; the Vice-Chairman, ESV Ayodeji Odeleye, the Honorary Secretary, ESV Olaseni Lojede, among others, as well as Adron Group’s management team, including the Managing Director, Adenike Ajobo; the Group Company Secretary, Shola Orunmuyiwa; the Deputy Managing Director, Business Investment, Chitola Roberts; the Chief Press Secretary, Maureen Echefu; and the Personal Assistant to the Chairman, Faruq Salisu, among other company executives.

The meeting ended on a promising note, with both institutions expressing strong commitment to building a collaborative future. The engagement marks a pivotal step toward the professionalization of housing development and delivery, opening doors to mutually rewarding collaborations between developers and estate professionals.

With visionaries like Aare Adetola Emmanuelking at the helm, championing sustainable development and collaboration, the future of Nigeria’s real estate industry continues to look exceptionally bright.

A “financial audit firm, OOM Professional Services,” has flagged “discrepancies totalling about N101.17bn” in “revenue remittances by the Nigeria Customs Service,” prompting the Federation Account Allocation Committee to demand a “full recovery and redistribution of the funds” to the “appropriate beneficiaries.”

According to a “FAAC Post Mortem Sub-Committee document obtained on Monday by our correspondent” from a FAAC official, the “misclassification of funds and delayed remittances by commercial banks” significantly “distorted the statutory revenue sharing formula” and “short-changed sub-national governments.”

The firm, which began operations in “2008 as Lanre Ogunwale & Co” before rebranding, was “engaged by the Forum of Commissioners of Finance” to “conduct a detailed review of Customs remittances” into the “Federation Account” for the “2022–2023 fiscal period.”

The engagement culminated in a “report” presented at the “FAAC plenary session of 16th May, 2025,” where the “Chairman of the Forum informed members of the anomalies uncovered by the consultant.”

Following deliberations, the Federal Ministry of Finance directed the “FAAC Post Mortem Sub-Committee” to “verify and report with recommendations.”

A follow-up “stakeholders’ meeting” was held on “July 10, 2025,” at “Brick Wall Hotel, Asokoro, Abuja,” attended by representatives of the “Nigeria Customs Service,” the “Federal Inland Revenue Service,” the “Office of the Accountant-General of the Federation,” the “Central Bank of Nigeria,” and the “FAAC Secretariat.”

The “consultant re-presented its findings,” which were “unanimously agreed upon by the relevant agencies.” “The FIRS and NCS representatives were in agreement with the position of the consultant. It was established that the findings of the consultant contained in the report were accurate,” the document noted.

One of the “most critical errors identified in the report” was the “wrongful classification of N82,04bn (N82,037,823,474.76) as Import Duty” instead of “Import VAT.” The funds were posted into the “Federation Account” instead of the “VAT Pool Account” by four commercial banks – Guaranty Trust Bank, Globus Bank, Taj Bank, and Nova Merchant Bank.

“The sum of N82,037,823,474.76 being Import VAT was wrongly posted into the Federation Account as Import Duty instead of the VAT Pool Account by four commercial banks, namely Guaranty Trust Bank, Globus Bank, Nova Merchant Bank, and Taj Bank,” the document stated.

Unlike VAT, which is “shared under a separate formula” that “prioritises state and local governments,” “Import Duty is shared vertically,” disproportionately “favouring the Federal Government.” The consequence, according to the committee, was a “significant reduction in the share due to sub-national governments.”

“The remittance of Import VAT into the Federation Account as Import Levy has significantly reduced the share of the sub-nationals due to the application of the vertical revenue sharing formula rather than the VAT Sharing formula,” the document noted.

In addition to the VAT misclassification, the report revealed that another “N19.13bn (N19,130,495,656.89)” was “erroneously remitted to the Consolidated Revenue Fund of the Federal Government,” instead of the “Federation Account.” Of the “N22.05bn (N22,047,725,350.91)” originally thought to belong to the CRF, only “N2.92bn” was actually due there.

“The NCS has confirmed that the sum of N19,130,495,656.89 was Federation Account revenue comprising Import Duty, Fees, Excise, and CET. While only N2,917,229,704.49, comprising CISS, ETLS, Iron Levy, Port Levy, and Wheat Grain Levy, was CRF revenue,” the document disclosed.

With the “two misclassified sums combined,” the “total amount of funds wrongly posted” stood at “N101.17bn (N101,168,319,131.64).” “The amounts posted in error were N82,037,823,474.76 as Import Duty and N19,130,495,656.89 to CRF, which totalled N101,168,319,131.64,” the committee noted.

The sub-committee further observed that these errors affected not only “revenue sharing among government tiers” but also the “statutory cost of collection” paid to agencies such as the FIRS, NCS, and the North-East Development Commission.

“The Cost of Collection and grant to FIRS/Nigeria Customs Service and North-East Development Commission be recomputed,” the committee recommended.

Beyond “classification discrepancies,” the sub-committee highlighted “delays by commercial banks in remitting funds” collected on behalf of the “Nigeria Customs Service.” These delays, which in some instances “extended into months,” violated “financial regulations” and “contributed to cash flow uncertainty at the sub-national level.”

“Revenues collected by NCS through Commercial Banks were delayed for weeks and in some instances months before being remitted into the Federation Account, which is in breach of lawful provisions,” the committee stated.

In response to the findings, the sub-committee made “sweeping recommendations,” starting with the “immediate recovery and redistribution of the N82.03bn” misclassified as “Import Duty.”

“That the sharing of the sum of N82,037,823,474.76 Import VAT, which was erroneously classified as Import Duty and wrongly remitted to the Federation Account, be recovered and re-computed using the VAT sharing formula for possible net-off,” the document recommended.

It also called for the “recovery of the N19.13bn wrongly paid” into the “Consolidated Revenue Fund” and its “subsequent distribution to eligible beneficiaries” using the “vertical sharing formula.”

“The N19,130,495,656.89 erroneously remitted to the Consolidated Revenue Fund of the FGN should be recovered from Federation Account inflows and distributed to the beneficiaries using the vertical formula,” the report added.

The committee tasked the “Office of the Accountant-General of the Federation” with the responsibility of “recalculating and disbursing the corrected revenue allocations” to the “appropriate beneficiaries.”

“The OAGF should work out the appropriate percentages due to the beneficiaries,” the committee directed. The report also stressed the need for “fairness and accountability,” particularly as the “affected funds were shared using a formula” that “penalised sub-national governments.”

“This is to ensure fairness to the Sub-Nationals who were underpaid using the Federation Account sharing formula rather than the VAT Sharing formula,” it noted. The committee concluded by recommending the “payment of the consultant’s fees,” acknowledging the “critical role played in exposing the remittance discrepancies.”

The document ended with a “strong appeal to the Accountant-General to act swiftly.” The PUNCH further learnt that the Nigeria Customs Service remitted a total inflow of “N359.42bn” to the “Federation Account in May 2025,” representing “16.56 per cent” of the “total revenue generated by all revenue-collecting agencies for the month.”

The total contributions by “revenue-generating agencies” for the month stood at “N2.17tn,” with the Federal Inland Revenue Service leading with “N1.14tn,” or “52.73 per cent,” followed by the “Nigerian Upstream Petroleum Regulatory Commission/Ministry of Petroleum Resources (NUPRC/MPR),” which contributed “N615.13bn” or “28.33 percent.”

When contacted, the “spokesperson of the NCS, Abdullahi Maiwada,” said he was “not aware of the matter” and “declined to comment on it.