According to reports, the military has arrested a managing director (MD) accused of transferring a huge sum of money to former Minister of State for Petroleum Resources, Timipre Sylva, in connection with an alleged coup plot.
Two intelligence officers confirmed the arrest, saying investigators believe the funds were meant to finance a plan to topple the government.
Sylva, a former Bayelsa State governor, has been named as one of the suspected financiers of the plot, The News Chronicle gathered.
Recall that on Saturday, military operatives reportedly raided his Abuja residence, arresting his younger brother, Paga Sylva who serves as his Special Assistant on Domestic Affairs along with his driver.
Investigations are ongoing as authorities tighten scrutiny around alleged coup financiers.
