Fresh details have surfaced revealing how former Bayelsa State Governor Timipre Sylva’s alleged financial contributions to the 2025 failed coup plot were distributed to participants assigned strategic responsibilities for the operation.
Military investigators alleged that Mr Sylva, considered the principal financier, funnelled his contributions into the plot through Purple Waves Limited, an Abuja-based company involved in real estate, land transactions and construction.
From the company’s account, the money flowed into the accounts of a bureau de change (BDC) operator, Abdullahi Sani Mohammed, who disbursed the funds as instructed by 50-year-old Army Colonel Mohammed Ma’aji, a central figure in the plot.
PREMIUM TIMES previously reported that Mr Mohammed received N785 million in Mr Sylva’s alleged donations from Purple Waves Limited’s account dedicated to financing the alleged plot.
The Purple Waves account had a balance of more than N5 billion pooled from different sources as of the time disbursement towards the alleged coup planning started in September 2025.
