Military investigators probing the alleged attempted coup are working with the Economic and Financial Crimes Commission and the Nigeria Financial Intelligence Unit to unravel the financial flows linked to individuals accused of bankrolling the plot, The PUNCH has learnt.

This was as indications emerge that the bank accounts of some of the suspects might have been frozen by the authorities, as part of the probe procedures.

The PUNCH could not immediately confirm the development, as no one was willing to comment on it. But a security official described this as standard procedure in such cases.

However, multiple security sources familiar with the probe confirmed that the EFCC and NFIU are carrying out a forensic investigation on the bank accounts of the soldiers and the civilians involved in the plot to overthrow the Federal Government.

The forensic investigation will cover transaction analysis, including reviewing deposits, withdrawals, and transfers to identify suspicious patterns; tracking of account activity over time; identifying the origin of funds and determining the true owners of the accounts under probe.

The investigation is also said to have been widened to cover the associates and business partners of the key suspects.

The development is coming on the heels of the discovery of the alleged transfer of N45 billion from the Niger Delta Development Commission to those involved in the plot.

Sahara Reporters had reported that 16 Nigerian Army officers were arrested for allegedly planning a coup to overthrow President Bola Tinubu. The online platform linked the purported plot to the Federal Government?s cancellation of Nigeria?s 65th Independence Day celebration.

The Director of Defence Information, Brig. Gen. Tukur Gusau, denied that the detention of the officers was tied to a coup attempt.

Nevertheless, security operatives raided the Abuja home of former Bayelsa State governor Timipre Sylva, taking away his younger brother, Paga and driver, as the investigation gained momentum.

The former minister and All Progressives Congress (APC) chieftain was reportedly outside the country at the time.

On Wednesday, Sylva?s spokesman, Chief Julius Bokoru, confirmed that his principal?s residence was raided, adding that the ex-minister and his wife were out of the country at the time.

He denied the former governor?s involvement in the rumoured coup plot, accusing his political adversaries of trying to frame him.

Providing an update on Thursday, military insiders explained that the investigators are relying on the EFCC and NFIU to uncover the money trail and flow of funds deployed for the execution of the alleged coup.

?This is discreet intelligence work. Until the entire exercise is concluded, we cannot provide a list of all those involved, how much was deployed for the plot or the amount recovered. The investigators are relying on the EFCC and NFIU for this,? a security source who is privy to the investigation disclosed.

The EFCC spokesperson, Dele Oyewale, could not be reached for comment on Thursday. His NFIU counterpart, Aishatu Bantam, did not respond to phone calls.

Meanwhile, the names of the 16 alleged coup plotters have surfaced.

The army officers include a brigadier general, a colonel, four lieutenant colonels, five majors, two captains, and a lieutenant.

The remaining two are a lieutenant commander from the Navy, the naval equivalent of a major, and a squadron leader from the Air Force, which holds the exact rank equivalence.

Premium Times reported that 12 of the 14 army officers belonged to the Infantry Corps, the army?s frontline combat unit whose troops primarily engage in ground battles.

One officer is reportedly from the Signals Corps, which manages military communications, while another serves in the Ordnance Corps, responsible for procuring, storing, and maintaining weapons, ammunition, vehicles, and other essential hardware.

They were reportedly led by Brig. Gen. Musa Abubakar Sadiq. Others include Col. M.A. Ma?aji, Lt. Colonel S. Bappah, Lt. Col A.A. Hayatu, P. Dangnap, Lt. Col M. Almakura, Major A. J Ibrahim, Major M.M. Jiddah, Major M.A. Usman, Major D. Yusuf, Major I. Dauda, Capt. Ibrahim Bello, Capt. A.A Yusuf, Lt S.S Felix, Lt. Commander D. B. Abdullahi and Squandron Leader S. B Adamu.

Meanwhile, The Cable reported that an air force officer recently posted to the Office of the National Security Adviser was detailed to kill the National Security Adviser, Nuhu Ribadu.

According to TheCable, Squadron Leader SB Adamu (Service No. NAF/3481) from Jigawa State was posted to the National Counter Terrorism Centre ? an agency under ONSA ? about four weeks before the coup attempt was uncovered.

Contrary to claims that several suspects worked directly with ONSA, investigators said Adamu was the only one connected to the office through the NCTC.

Military insiders said when the National Coordinator of NCTC, Maj.-Gen. Adamu Laka, requested the posting of a specific officer to the centre in August 2025; the request was surprisingly turned down. Instead, Adamu was deployed ? a move now fuelling suspicions that the alleged coup plotters may have penetrated the military hierarchy.

Adamu is a member of the Nigerian Defence Academy?s Regular Course 59. (The PUNCH)

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