A whistleblower petition submitted to the Economic and Financial Crimes Commission (EFCC) and the Oyo State Anti-Corruption Agency (OYACA) has raised serious allegations of financial misconduct, revenue leakage, and abuse of office against the Chairman of the Oyo State Pacesetter Transport Service (PTS), Hon. Dr. Ibraheem Dikko Salami.
The allegations, supported by documents and financial transactions, paint a disturbing picture of how public revenue—generated through government-operated transport services—has allegedly been siphoned off for personal gain.
The petition, signed by Dr. Samuel Ajayi, former Director of Due Process at PTS, outlines a coordinated system of diversion, favoritism, and fraud that, if proven true, could mark one of the most egregious violations of public trust in Oyo State’s transport sector.
The petition exposed revenue leakages that crippled investors in the state’s transport service.
“One of the key allegations against Hon. Dikko Salami is the diversion of revenue intended for state coffers. Instead of investing in the growth and sustainability of PTS and ensuring fair returns to investors and vendors, the Chairman is accused of orchestrating a shadowy revenue settlement arrangement that benefitted him and his close associates.
“Investors who initially believed in the modernization of PTS through the implementation of an automated fare collection system have suffered serious financial losses. These supervendors were initially offered a mere 2.5% return on daily revenue collections, an unviable model for most who bore the bulk of operational expenses. However, while vendors struggled, Hon. Dikko Salami allegedly siphoned off 3%, and later 8%, of the same revenue through backdoor settlements to proxy companies such as Dexclusive Fashion Mart and Mybiz Consults Ltd, both allegedly linked to his inner circle.
“The moment these investors began demanding fairer compensation for their services, they were sacked without justification. The Chairman’s actions did not stop there, he falsely accused these individuals of theft and financial mismanagement, a smear campaign that many believe was designed to eliminate opposition and cover up deeper financial irregularities”.
According to the petition, consultants were left unpaid while funds allegedly flowed elsewhere.
The petition submitted further alleged that consultants left unpaid while funds flowed elsewhere.
”O Triumph Multi Business Limited, a consulting firm that served PTS faithfully for 15 months, was also a casualty of the Chairman’s high-handedness. Despite providing advisory services and system oversight to ensure the success of automated fare systems, the company remains unpaid for services totaling ₦28,245,681.50.
“The firm has since withheld a ₦2.5 million balance due to PTS, citing the government agency’s own failure to meet its financial obligations. In a just system, consultancy work should be respected and paid for but under Hon. Dikko Salami’s tenure, those who facilitated progress have been discarded, unpaid, and unjustly accused.
“The petition reveals a deeply troubling practice whereby government revenue was funneled through private accounts rather than going directly into PTS’s official treasury. A Zenith Bank account, owned by a PTS cashier, allegedly received over ₦475 million in project funds over one year, which were then used to pay contractors. But what raised further alarms was evidence of direct transfers from this cashier’s account to the personal accounts of Hon. Dikko Salami, his wife, and his mother”.
“Is this cashier now the de facto banker for PTS and its Chairman? Why should public money ever pass through personal bank accounts before reaching contractors?
“Two companies Mybiz Consults Ltd and Dexclusive Fashion Mart have emerged at the center of this web. Mybiz, which allegedly began receiving 8% of daily government transport revenue, has been directly linked to Miss Ahmed Adeola Tawakalt, the current Human Resources Director at PTS and reportedly a close associate (or mistress) of the Chairman. Similarly, Dexclusive Fashion Mart, which initially received 3% before the handover to Mybiz, was also used to channel public funds into private pockets.
“Financial records attached to the petition show that monthly “running costs” for the Chairman, worth millions of naira, were routed through these companies. Payments for personal gifts and hampers amounting to ₦4.2 million in one instance were also traced to these entities. This suggests that companies receiving government revenue were also covering personal expenses for the Chairman, possibly as part of a broader embezzlement strategy”
Access Revoked, Transparency Undermined
Before the financial irregularities came to light, the automated fare collection system had recorded impressive earnings:
₦170,955,750 (Intercity revenue from Sept 2023 to Oct 2024)
₦494,198,190 (Intracity revenue from Sept 2023 to March 2025)
But shortly after revenue began flowing in, the Chairman ordered all access to reporting and logs to be restricted, with only himself allowed to view and approve transactions. TAP (Touch and Pay Technologies), the firm responsible for the fare collection system, was allegedly pressured to comply.
Despite this, whistleblowers insist that TAP holds all the transactional data showing revenue generation and settlement flows. This data is vital and should be immediately subpoenaed by the EFCC and OYACA to ascertain how much of the state’s earnings were misappropriated.
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Destruction of Careers to Protect Corruption
The most tragic consequence of this alleged corruption has been the ruined careers of honest staff and directors who dared to ask questions. Many were fired under false pretenses, accused of theft or misconduct, simply because they knew too much. This move, whistleblowers believe, was a calculated attempt to eliminate potential witnesses and ensure that when investigators came calling, no internal resistance would remain.
It is heartbreaking that those who worked with integrity are now facing public disgrace and unemployment, while the alleged perpetrators of fraud continue to act with impunity.
Call for Justice and Action
This is not just a case of poor management, it is an urgent matter of systemic corruption and deliberate sabotage of public institutions. We, the concerned public and stakeholders, call on:
The Economic and Financial Crimes Commission (EFCC)
Oyo State Anti-Corruption Agency (OYACA)
…to immediately launch an in-depth and independent investigation into all revenue streams, thirdparty vendor agreements, and bank transactions involving PTS from September 2023 to present.We demand that:
1. TAP Technologies be compelled to provide a full financial statement of all revenues
collected and the identities of all settlement accounts used.
2. Mybiz Consults Ltd and Dexclusive Fashion Mart publish financial reports proving that
the funds they received were rightfully earned and accounted for.
3. The sacked directors, staff, and vendors be publicly exonerated if found innocent and
compensated for reputational damage and financial losses.
4. O Triumph Multi Business Ltd be paid all outstanding consultancy fees, and its name
cleared of any false accusations.
Conclusion: The People Deserve the Truth
This case is a test of whether institutions like the EFCC and OYACA are truly committed to fighting corruption or merely symbolic. The people of Oyo State deserve to know where their money has gone, and those responsible must be held accountable—regardless of their title or influence.
Hon. Dikko Salami must not be allowed to continue manipulating the narrative or using his office to protect personal interests. Let the evidence speak. Let justice prevail. And let the people’s trust in public service be restored.
