SaharaReporters investigation has exposed how a man registered five companies with the Corporate Affairs Commission (CAC) within two days and then used those companies, alongside three others he had earlier registered, to win suspiciously inflated contracts from the Nigeria Police Force.

According to the investigation, five companies - Akulight Technologies Limited, Mag-Tram Systems Limited, Drip-CHS Tech Nigeria Limited, Elapsotic Ventures Limited, and Danlokey Systems Limited - were registered with the CAC between January 3 and 4, 2023.

Danlokey Systems Limited was registered on January 4, 2023. Elapsotic Ventures Limited was registered on January 3, 2023. Drip-CHS Tech Nigeria Limited was registered on January 4, 2023. Mag-Tram Systems Limited was registered on January 3, 2023.

Akulight Technologies Limited was registered on January 3, 2023. All five companies are owned by one man: Oranyedu Chukwudi Samuel.

Danlokey Systems Limited, Drip-CHS Tech Nigeria Limited, and Mag-Tram Systems Limited operate from the same address - Plot D45H, SCC Road, Usafa Plaza, Abuja, FCT. Meanwhile, Akulight Technologies Limited and Elapsotic Ventures Limited both operate from No. 20, Area 1 Shopping Complex, Shop S5H, Ground Floor, Abuja, FCT.

Apart from the five companies registered between January 3 and 4, 2023, he also deployed three others he had registered earlier - Chumchuks Investment Limited, Olycee Ventures Limited, and Waves Fulfillment Limited - to win contracts from the Force.

Investigations show that the five companies registered between January 3 and 4, 2023, subsequently received 366 payments between August 30, 2023, and December 30, 2024. The payments totalled approximately N3.4 billion.

The breakdown shows that Elapsotic Ventures received a total of N820.5 million across 91 payments between August 30, 2023, and December 30, 2024.

Akulight Technologies Limited was paid N590.5 million across 71 payments by the Nigeria Police from August 30, 2023, to December 30, 2024.

Danlokey Systems Limited received N753.1 million in 70 payments between August 30, 2023, and December 30, 2024. Drip-CHS Tech Nigeria Limited received N580.3 million, broken down into 56 payments between August 30, 2023, and December 30, 2024.

Further review shows that Mag-Tram Systems Limited received N693.8 million in 78 payments between August 30, 2023, and December 30, 2024.

In total, the five companies registered with the CAC on January 3 and 4, 2023, by Oranyedu Chukwudi Samuel received payments worth about N3.4 billion - all between August 30, 2023, and December 30, 2024.

Several specific payments and items stand out.

On August 30, 2023, Akulight Technologies received N8.6 million for the supply of canned baked beans as consumables and logistics requirements for personnel deployed to carry out security operations and intelligence gathering in Borno State.

On October 5, 2023, the police paid N8.6 million to Akulight for 25 cartons of canned beef and other consumables. On October 26, 2023, another N8.6 million was paid to Akulight for 20 cartons of canned beef and other consumables.

On December 12, 2023, Akulight was paid N8.6 million for 30 cartons of Hobnobs biscuits, which implies each carton cost N286,666. On December 11, 2023, Akulight received N8.6 million for 20 cartons (50 pieces per carton) of Titus sardines - valuing each carton at N430,000, or N8,600 per tin.