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Banking fraud: Activist backs EFCC Chairman on Banker’s Asset Declaration Policy
…Says, Bank workers promote fraud in the sector
A human rights activist, Comrade Adeniyi Alimi Sulaiman, has thrown his weight behind the decision of the new Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Abdulrasheed Bawa, that the Bank officials in the country should declare their assets, saying it is right decision at the right time.
Specifically, he disclosed that the new Chairman of the EFCC had
started on a good note following the new policy, stressing that the
bank officials were aidding and abetting the fraudulent activities
ravaging the banking sector in the country which made their teeming customers to lose their hard earned resources to fraudsters.
Comrade Sulaiman who is Executive Chairman, Centre for Human Rights and Social Justice (CHRSJ), stated that Bawa had planned to uproot the major financial fraud in the banking industry and that was why their Unions were crying wolf when there was none.
It would be recalled recently that, the new Anti-graft Chairman, Mr.
Abdulrasheed Bawa, had penultimate Tuesday, announced that the
Commission would from June 1st, 2021, be demanding the Asset
Declaration forms of the Bankers.
Backing the EFCC Chairman, the pro-democracy activist, maintained that the bank officials from Tellers, Marketers and other senior officials were perpetrating fraud in the industry.
According to him, Mr. Abdulrasheed Bawa, the new EFCC Chairman, had touched the wounds of the Bankers for requesting for their Assets Declaration form June, 2021 and they were not comfortable with the new policy because some of their hands have soiled with fraud in the sector.
Recalling that the Centre (CHRSJ) had earlier drag the three nation’s commercial banks before the apex Bank, the Central Bank of Nigeria (CBN) and anti- graft body, the Economy and Financial Crimes Commission (EFCC) over perceived banking fraud against their customers.
The affected commercial banks were Guaranty Trust Bank(GTB), First City Monument Bank (FCMB) and United Bank for African (UBA),alleging that the banks’ officials were aiding and abetting the recent banking fraud in the banks where money of their customers were transferred illegally to another account and also allowing the fraudsters to open an account with their Banks without necessary requisite, adding that they were colliding with the approved O’PAY agents through which the customers’ money were fraudulently removed.
The rights group insisted to strive to ensure the end of this banking
monster in the land by establishing a Banking-Customers Relation Unit(BCRU),disclosing that the rights group would use the Unit to stop the
ongoing banking fraud of Nigeria masses of their meager resources in the various banks.
The group cited the defrauding of one Nigerian, Miss Alimi Ganiyat
Temitope of 41 Seriki Street, Lagos, who is a customer of Guaranty Trust Bank( GTB ) Plc with Savings Account Number:-(0430971306) and little girl was defrauding of her sum of Two Hundred and Fifty Thousand Naira (N250,000k) between July 17th,2020 to August 5th,2020 through POS/WEB PURCHASE TRANSACTION-Opay*Flutterwave Ikeja NG.
According to the group, it was surprising that the Guaranty Trust Bank Plc (GTB) refused to help the helpless little girl to recover her
money back when she reported to the bank of what happened to her money in their bank account which made the customer to suspect that their officials had the knowledge of the fraudulent transfer of her money to another account, thinking that she would not have audacity to ask for her money back.
Giving another experience of a customer with Oko-Oba branch of
FCMB, Mr. Ibikunle Adebayo (+234 8103966336) of Account Number:-(6027724010), where sum of One Hundred and Sixty-Nine Thousand naira (N169,000) were deducted from Ibikunle’s Account without his knowledge but with knowledge of the FCMB Bank official.
They respectively used Osifoh Peter with UBA Account
Number:-(2052933837) and OPAY Account of Rufai Saidu with Account Number:-(9031811238), to withdraw the sum of One Hundred and Sixty-Nine Thousand naira from Ibikunle’s Account on Wednesday 11th of November,2020.
And another FCMB Customer of No.9, Abaku Ijoja Junction, Aiyetoro, Osogbo, Osun State, Mrs. Adeyemi Abiodun Waliyat with Account Number:-(5525660011) of Classic Saving Two(2), Osogbo Branch, were fraudulently withdrawn the Sum of #111,800k from her account by one Shola, which used #100,300k to play Bet Naija on three different times and also used #10,500k to buy airtime on another three different Phone Numbers as follows:-(+234 9131329923, +234 8149800768 & +234 7026258494).
It further added that the sum of Five Hundred Thousand naira (N500, 000) were illegally moved out of an account belonging to Mr. Smart-Alli Amusa with GTB Account number: – (0121132515) and Access Bank Account
number:-(0031171790), belonging to Alani Bolarinwa Olaniyan was also experienced illegal deduction of funds.
He reiterated that many bank customers have been the victims of such bank fraud in Nigeria, reiterating that the human rights organization would not hesitate to launch “#EndBanking fraud” nationwide protest.
Results from the 30 local government areas in the 2026 Osun State governorship election show that Governor Ademola Adeleke of the Accord Party (AP) recorded victories in 19 councils, ahead of the All Progressives Congress (APC) candidate, Asiwaju Munirudeen Bola Oyebamiji (AMBO), who won 11 local government areas.
The local government results indicate that Adeleke polled a cumulative 511,067 votes, while Oyebamiji secured 444,815 votes across the state.
The African Democratic Congress (ADC) candidate, Najeem Salaam, garnered 17,180 votes from the 30 local government areas.
Adeleke won Boluwaduro, Ede South, Ife North, Ilesa West, Ifedayo, Ife Central, Orolu, Osogbo, Oriade, Odo-Otin, Ife East, Ifelodun, Iwo, Ede North, Ila, Aiyedire, Egbedore, Aiyedaade and Ejigbo local government areas.
Oyebamiji emerged victorious in Ilesa East, Boripe, Irepodun, Obokun, Atakunmosa West, Irewole, Atakunmosa East, Isokan, Ola Oluwa, Ife South and Olorunda local government areas.
Based on the collated local government results, Adeleke leads with victories in 19 of the state’s 30 local government areas, while the APC candidate secured 11 councils.
Accord won 19 out of the 30 LGAs: (Boluwaduro, Ede South, Ife North, Ilesa West, Ifedayo, Ife Central, Orolu, Osogbo, Oriade,
Odo-Otin, Ife East, Ifelodun, Iwo, Ede North, Ila, Aiyedire, Egbedore, Aiyedaade, Ejigbo)
APC won the remaining 11 LGAs (Ilesa East, Boripe, Irepodun, Obokun, Atakunmosa West, Irewole, Atakunmosa East, Isokan, Ola Oluwa, Ife South, Olorunda).
Here are the Osun 2026 Governorship Election Results of the 30 LGAs: GeographicReference
Boluwaduro LG
Accord: 7,118 votes
APC: 7,050 votes
ADC: 179 votes
Ede South LG
Accord: 26,188 votes
APC: 6,219 votes
ADC: 390 votes
Ife North LG
Accord: 13,879 votes
APC: 9,613 votes
ADC: 333 votes
Ilesa West LG
Accord: 16,196 votes
APC: 12,756 votes
ADC: 673 votes
Ifedayo LG
Accord: 7,427 votes
APC: 6,836 votes
ADC: 115 votes
Ilesa East LG
APC: 16,208 votes
Accord: 12,280 votes
ADC: 504 votes
Ife Central LG
Accord: 21,171 votes
APC: 15,913 votes
ADC: 747 votes
Boripe LG
APC: 19,963 votes
Accord: 12,448 votes
ADC: 379 votes
Irepodun LG
APC: 15,713 votes
Accord: 14,504 votes
ADC: 249 votes
Obokun LG
APC: 16,120 votes
Accord: 12,023 votes
ADC: 205 votes
Orolu LG
Accord: 12,352 votes
APC: 10,622 votes
ADC: 236 votes
Osogbo LG
Accord: 36,480 votes
APC: 30,474 votes
ADC: 1,503 votes
Oriade LG
Accord: 21,343 votes
APC: 14,863 votes
ADC: 423 votes
Odo-Otin LG
Accord: 18,003 votes
APC: 15,435 votes
ADC: 377 votes
Ife East LG
Accord: 27,201 votes
APC: 18,600 votes
ADC: 935 votes
Ifelodun LG
Accord: 21,107 votes
APC: 18,396 votes
ADC: 509 votes
Atakunmosa West LG
APC: 10,037 votes
Accord: 7,479 votes
ADC: 213 votes
Iwo LG
Accord: 27,085 votes
APC: 19,660 votes
ADC: 588 votes
Ede North LG
Accord: 35,427 votes
APC: 10,283 votes
ADC: 307 votes
Ila LG
Accord: 16,211 votes
APC: 12,934 votes
ADC: 259 votes
Irewole LG
APC: 29,972
Accord: 10,934 votes
ADC: 275 votes
Aiyedire LG
Accord: 11,073 votes
APC: 9,910 votes
ADC: 148 votes
Atakunmosa East LG
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APC: 9,936
Accord: 7,872 votes
ADC: 333 votes
Egbedore LG
Accord: 19,278 votes
APC: 11,194 votes
ADC: 363 votes
Aiyedaade LG
Accord: 16,681 votes
APC: 15,719 votes
ADC: 331 votes
Isokan LG
APC: 14,063 votes
Accord: 13,765 votes
ADC: 384 votes
Ola Oluwa LG
APC: 10,782 votes
Accord: 10,063 votes
ADC: 213 votes
Ife South
APC: 14,678 votes
Accord: 13,507 votes
ADC: 290 votes
Ejigbo LG
Accord: 18,458 votes
APC: 16,195 votes
ADC: 5,053 votes
Olorunda LG
APC: 24,671 votes
Accord: 23,514 votes
ADC: 666 votes.
President Bola Tinubu has approved a Federal Government delegation led by his Chief of Staff, Femi Gbajabiamila, to represent Nigeria at the maiden Nigeria Diaspora Investment Economic Conference in Toronto, Canada.
The delegation includes Borno State Governor Babagana Zulum, Anambra State Governor Chukwuma Soludo, Kaduna State Governor Uba Sani, Plateau State Governor Caleb Mutfwang and Zamfara State Governor Dauda Lawal.
The conference, themed “Invest Nigeria, Thrive Abroad,” is scheduled to hold from August 12 to 15 in Toronto.
The development was announced in a statement issued by Nigerians in Diaspora Commission, on X on Friday.
According to the statement, members of the delegation also include the Minister of Foreign Affairs, Bianca Odumegwu-Ojukwu; Minister of Industry, Trade and Investment, Jumoke Oduwole; and Minister of Interior, Olubunmi Tunji-Ojo.
Representatives of the Central Bank of Nigeria, Nigeria Customs Service, Nigeria Immigration Service, Nigeria Revenue Service, Nigeria Investment Promotion Commission, Nigeria Export Promotion Council and the National Information Technology Development Agency are also expected to participate.
The statement said Canadian officials expected at the conference include President of the Treasury Board of Canada, Shafqat Ali; Ontario Minister of Citizenship and Multiculturalism, Graham McGregor; Ontario lawmaker Deepak Anand; Brampton Mayor Patrick Brown; Councillor Rod Power; and Ontario Minister of Women and Economic Opportunities, Charmaine Williams.
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Quoting the Chairman/Chief Executive Officer of NiDCOM, Abike Dabiri-Erewa, the statement said, “The calibre of officials attending the conference demonstrates President Tinubu’s commitment to strengthening economic cooperation between Nigeria and Canada through trade, investment and diaspora engagement.”
It further quoted Dabiri-Erewa as saying the event “is more than a conference” and is designed as “an outcome-driven investment platform” that will connect international investors with “investment-ready” opportunities across key sectors of Nigeria’s economy while strengthening bilateral economic relations between the two countries.
According to the statement, the conference is being organised by NiDCOM in collaboration with the Nigerian High Commission in Ottawa, the Canadian High Commission in Abuja and other stakeholders.
It said discussions will focus on agriculture, technology, manufacturing, infrastructure, energy, healthcare and the digital economy.
Newsthumb reports that the Nigeria Diaspora Investment Economic Conference is the first investment-focused forum organised by the Federal Government through NiDCOM to promote economic partnerships between Nigeria and its diaspora community.
According to the World Bank, Nigeria is one of Africa’s largest recipients of diaspora remittances, with annual inflows amounting to billions of dollars.
…says action could undermine public confidence in electoral process
…insists anti-graft agencies must remain independent but avoid actions suggesting political interference
President Bola Ahmed Tinubu on Thursday directed the Economic and Financial Crimes Commission (EFCC) to immediately take steps to vacate a court order freezing the bank accounts of the Osun State Government, saying the timing of the action, just days before the state’s governorship election, could create the impression of federal interference in the electoral process.
The President said although he respects the constitutional independence of the anti-graft agency and had no prior knowledge of its action, he was compelled to intervene in the overriding public interest to preserve public confidence in the credibility and fairness of Nigeria’s democratic process. NigerianBusiness Coverage
The EFCC had on Wednesday froze the accounts of the Osun State Government, placing a Post No Debit (PND), on its First Bank account, alleging fraudulent handling of N11 billion ecology funds, intervention funds and Federal Account Allocation Committee (FAAC).
However, in a personally signed statement issued from the State House, Abuja, President Tinubu disclosed that the EFCC had obtained the court order on August 5, 2026, freezing the accounts of the Osun State Government.
He said he was “deeply embarrassed” by the timing of the development, explaining that actions taken by federal institutions are often attributed to the President, regardless of whether he authorised them.
“It has come to my notice that the Economic and Financial Crimes Commission (EFCC) obtained a court order on August 5, 2026, freezing the accounts of the Osun State Government. I must state that I feel deeply embarrassed not by the EFCC’s exercise of its mandate backed by a court order, but by the timing of the agency’s action.
“This is so because every action taken by an institution of State, especially at the Federal level, is always credited to me, as the President, even when I may not have had any prior knowledge of the action”, the President said.
Tinubu reiterated his long-standing policy of allowing anti-corruption and law enforcement agencies to carry out their statutory responsibilities without political interference, stressing that he had deliberately refrained from directing the operational activities of the EFCC and other investigative bodies since assuming office.
He said, “since assuming office, I have consistently maintained that anti-corruption and law enforcement agencies must be allowed to discharge their statutory responsibilities independently, professionally, without fear or favour, or political interference.
“I have therefore deliberately refrained from directing or interfering in the operational activities of the EFCC or any other investigative or prosecutorial agency because I firmly believe that strong democratic institutions, operating within the confines of the law, are indispensable to democratic good governance and the rule of law”, he said.
The President maintained that institutions established by law should be allowed to exercise their powers independently and without requiring presidential approval for routine operational decisions.
However, he said the circumstances surrounding the EFCC’s action required presidential intervention because of the proximity of the Osun governorship election.
“As President, I am committed to allowing institutions of State to function and take any action they consider necessary in the interest of proper governance without the need for any prior approval. Indeed, that is why institutions are set up by law with clearly defined powers.
“While I am yet to be fully apprised of the facts which informed the action of EFCC in approaching the court to obtain the said order freezing the Osun State Government account, I am not in the slightest doubt that the timing of the action of EFCC is inauspicious, and therefore I feel compelled to intervene”, he said.
The President warned that no action by any federal agency should create the perception that the Federal Government was attempting to influence the outcome of the forthcoming governorship poll.
“Osun State is only a few days away from its gubernatorial election. Therefore, nothing ought to be done to give an impression that the EFCC or indeed any other agency of the federal government is being used to interfere with the election”, he stated.
Tinubu said preserving public confidence in the integrity of the electoral process was paramount, adding that he was duty-bound to act in the national interest.
“Based on the foregoing premise, I am duty-bound to issue a directive on this issue in consonance with the overriding public interest in preserving public confidence and the integrity, credibility, and fairness of our democratic process”, he said.
The President consequently directed the anti-graft agency to immediately reverse its legal action against the Osun State Government.
“Accordingly, I have directed the EFCC to immediately proceed to the court to vacate the order and discontinue whatever action it has instituted against the Osun State Government in this regard”, Tinubu declared.
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