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Banking fraud: Activist backs EFCC Chairman on Banker’s Asset Declaration Policy
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…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.
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BREAKING: Appeal Court Rules VIO Cannot Stop or Impound Motorists’ Vehicles
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The Court of Appeal in Abuja has affirmed the October 4, 2024 judgment of a Federal High Court in Abuja barring the Directorate of Road Traffic Services (popularly called VIO) from further stopping, impounding, or confiscating vehicles on the road and imposing fines on motorists.
In a judgment on Thursday, a three-member panel of the appellate court resolved the three issues identified for determination against the appellant, the Directorate of Road Traffic Services.
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Justice Oyejoju Oyebiola Oyewumi, who delivered the lead judgment, held that the appeal was without merit. She awarded a cost of N1million against the appellant and in favour of the respondent, a rights activist and public interest attorney, Abubakar Marshal.
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Breaking : Ex-CDS Musa Gets Tinubu’s Nod for Defence Minister Role
President Bola Tinubu has nominated a former Chief of Defence Staff, General Christopher Musa, as the new Minister of Defence.
The nomination was conveyed in a letter sent to Senate President, Godswill Akpabio, on Tuesday, announcing Musa as the replacement for Mohammed Badaru, who resigned from the position on Monday due to health reasons.
In his letter to the Senate, the President expressed confidence in Musa’s capacity to lead the defence ministry and strengthen Nigeria’s security framework.
The nomination was confirmed in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
The statement added, “General Musa, 58, on December 25, is a distinguished soldier who served as Chief of Defence Staff from 2023 until October 2025. He won the Colin Powell Award for Soldiering in 2012.
“Born in Sokoto in 1967, General Musa received his primary and secondary education there before attending the College of Advanced Studies in Zaria. He graduated in 1986 and enrolled at the Nigerian Defence Academy the same year, earning a Bachelor of Science degree upon graduation in 1991.
“General Musa was commissioned into the Nigerian Army as a Second Lieutenant in 1991 and has since had a distinguished career.
“His appointments include General Staff Officer 1, Training/Operations at HQ 81 Division; Commanding Officer, 73 Battalion; Assistant Director, Operational Requirements, Department of Army Policy and Plans; and Infantry Representative/Member, Training Team, HQ Nigerian Army Armour Corps.
“In 2019, he served as Deputy Chief of Staff, Training/Operations, Headquarters Infantry Centre and Corps; Commander, Sector 3, Operation Lafiya Dole; and Commander, Sector 3 Multinational Joint Task Force in the Lake Chad Region.
“In 2021, General Musa was appointed Theatre Commander, Operation Hadin Kai. He later became Commander of the Nigerian Army Infantry Corps before being appointed Chief of Defence Staff by President Tinubu in 2023.”
Newsthumb had earlier reported that Badaru, who was appointed Minister of Defence on August 21, 2023, cited ill health in his resignation letter.
A statement by Onanuga added that Tinubu had accepted the resignation and thanked him for his service to the nation.
The statement further noted, “President Tinubu will likely inform the Senate of Badaru’s successor later this week.
“His resignation comes amid President Tinubu’s declaration of a national security emergency, with plans to elaborate on its scope in due course.”
Badaru recently came under criticism following a BBC Hausa interview in which he said some terrorists could not be targeted because their forest hideouts were too dense for bombs to reach.
Stephen Angbulu
With three years of experience, Stephen, The PUNCH correspondent, has been covering Nigeria’s presidency, politics, security, immigration and trafficking in persons
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Global Powers Back Nigeria’s War on Terror — Ribadu Confirms Support from US, UK, France
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The National Security Adviser, NSA, Mallam Nuhu Ribadu, yesterday disclosed that the international community was standing firmly with Nigeria in the fight against terrorism, with the United States, France and the United Kingdom already providing technical support to ongoing security operations.
Ribadu spoke in Kontagora, Niger State, during a visit to the Chairman of Christian Association of Nigeria, CAN, Northern Region, Bishop Bulus Yohanna, alongside distraught parents of pupils abducted from St. Mary’s Private Catholic School, Papiri.
He said President Bola Tinubu was deeply troubled by the incident and had directed security agencies to deploy all necessary resources to ensure the safe return of the abducted children.
Speaking to Christian leaders and parents who gathered at St. Michael’s Catholic Cathedral, Ribadu said: “This is a painful period for all of us but I want to assure you: we will rescue your children. The President is deeply concerned and has directed that everything necessary must be done.”
The NSA, accompanied by the Minister of Humanitarian Affairs and Poverty Alleviation, Bernard Doro; Director-General of the Department of State Services, Oluwatosin Ajayi; and CAN Northern Region Chairman, Joseph Hayab, said operations had been intensified to secure the children’s release.
He conveyed President Tinubu’s message of solidarity and resolve, noting that the President had suspended official engagements, including a scheduled trip, to focus on the matter.
Ribadu added that the Federal Government was taking full responsibility for restoring security in the affected communities.
He commended Bishop Yohanna for his leadership and calmness in a period of deep anxiety, assuring that Nigeria was not alone in the battle against terror.
“The whole world stands with us. This evil will not prevail. Your children will come back safely. That is our solemn promise,” he said.
Ribadu stressed that rescue operations would not slow down until the pupils were safely reunited with their families.
Earlier, Bishop Yohanna expressed gratitude to the Federal Government for the visit, saying it had renewed hope among families traumatised by the attack. He noted that the show of support demonstrated the government’s commitment to protecting citizens.
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