Connect with us

news

ALLEGATION OF DEBT RECOVERY DELAY AND BOTTLENECK BY EFCC COMMISSION STAFF

Published

on

Based on the public outburst of the Economic and Financial Crime Commission Chairman, Mr Ola Olukoyede, in his New Year message that exposed the Commission’s investigators’ staff for bribery and corruption reports, which shows a new sheriff in town, attributes from him as the new helmsman of EFCC.
It is now observed upon discovering a purported deliberate delay mechanism in recovering funds paid into the Commission account by fraudsters or debt-accused persons by complainants.
In the recent discovery, you are now directed to either wait for approvals, which often take between four to five months from the Abuja office before funds can be released to you after fraudsters or accused persons have paid said funds to the commission custody or wait indefinitely without any recourse.
In reference to the Minister of Interior, Mr Tunji-Ojo’s progressive and commendable policies to erase usual delays in citizens’ activities of passport document obtainment in Nigeria, which was a whole hell of an experience from previous administrations. He commanded other government agencies to follow suit to avoid unnecessary bottlenecks created by corrupt officials in delaying government documentation and approvals of paper henceforth.
In the case of EFCC, it would be disheartening to witness an agency saddled with responsibilities of sanitizing the economic and financial transactions and sanctity of a nation to be found with reports of negative administrative policies and deliberate bottlenecks created within its offices scattered all over the nation.
I refer to the chairman’s New Year broadcast, where he frowns at findings of EFCC operatives and investigators enmeshed in bribery and corruption in carrying out their duties, adding that the craze and quest for gratifications would no longer be tolerated. We, therefore, urge the Economic and Financial Crime Commission Chairman, Mr Olukoyede, to look into the matter of the commission offices all over the nation and, without any further delay, employ modern-day technology and facilities to release people’s funds and properties in their custody without further delay. According to him, the Commission is accorded the responsibility of accountability within governmental and private entities and individuals to further promote progress and economic fortune in Nigeria.
In his words, he says:
The EFCC chairman, “who described the situation as embarrassing for the anti-graft agency, said the Department of Internal Affairs of the agency has been directed to be more active and vigilant to monitor every staff member in all their engagements.
He warned that such conduct would no longer be tolerated under his watch, vowing he would wield the big stick against investigators taking bribes.
Olukoyede said: “At this point, I need to strongly reiterate the issue of discipline, integrity, and a sense of responsibility in our work. Public opinions about the conduct of some of our investigators are adverse. Some of our investigators’ craze and quest for gratification, bribes, and other compromises are becoming too embarrassing, and this must not continue.
“Let me sound a note of warning in this regard. I will not hesitate to wield the big stick against any form of infraction by any staff of the Commission. The Department of Internal Affairs has been directed to be more ardent in its work and monitor every staff in all their engagements. The image of the Commission is too important to be placed on the line by any corrupt officer.”
To take this matter seriously, the EFCC Boss, Mr Olukoyede, must take urgent steps concerning this matter of delaying the release of drafts in which EFCC recovers from fraudsters back to the owner without further delay because many people have been frustrated by this new system, which is not to be.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

Reps Give Nod to Tinubu’s $516.33m Loan Request for Sokoto-Badagry Highway

Published

on

The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda.

The approval followed the consideration of the President’s request by the Committee of Supply during plenary presided over by Speaker Tajudeen Abbas.

In a letter read on the floor of the Green Chamber, Tinubu described the Sokoto-Badagry Superhighway as a transformative national project aimed at connecting Nigeria’s far northwest to its southwestern coastline through an approximately 1,000-kilometre dual carriageway stretching from Illela in Sokoto State to Badagry in Lagos State.

The corridor is expected to pass through Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, opening up major agricultural, commercial and industrial hubs across the country.

According to the President, the project was designed to stimulate economic growth by significantly improving the movement of goods and people across Nigeria’s northern and southern regions.

He said the highway will “improve north-south connectivity, safety and network performance on the corridor; reduce logistics costs and travel times by providing a continuous high-capacity expressway standard link to downstream markets and strengthen trade facilitation, food security and national cohesion through improved access between production zones, markets and ports.”

Tinubu further noted that the road project would “safeguard long-term intermodal flexibility by reserving the central median for future rail integration and accommodating utility corridors.”

The President explained that the funding arrangement involves a $516.33m facility from Deutsche Bank, backed by partial guarantee cover from the insurance arm of the Islamic Development Bank, while the Federal Government will provide counterpart funding of N265.54bn.

The counterpart contribution, he said, would cover land acquisition, compensation payments, and complementary infrastructure requirements.

Tinubu urged lawmakers to expedite legislative approval of the borrowing request in view of the strategic importance of the project to national development.

The Sokoto-Badagry Superhighway was conceived as one of Nigeria’s most expansive road infrastructure projects, intended to serve as an economic backbone linking the resource-rich northern corridor with major export gateways in the south.

Beyond easing transportation challenges, the superhighway is expected to boost agricultural supply chains, enhance regional trade, improve access to seaports, and attract investments in manufacturing, logistics and real estate along its route.

The project also aligns with broader government plans to modernise transport infrastructure and strengthen Nigeria’s competitiveness under the African Continental Free Trade Area framework.

Presenting the report of the House Committee on Aids, Loans and Debt Management, Abdullahi El-Rasheed, who represented the committee chairman, Abubakar Nalaraba, urged lawmakers to support the loan request, citing the project’s strategic economic value.

He said the highway would serve as a critical driver of development and improve long-term economic productivity.

Following deliberations, the House approved the borrowing request at plenary, paving the way for the commencement of the project’s first section.

Continue Reading

news

BREAKING: Faleke Obtains Tinubu’s Presidential Nomination Forms

Published

on

(L-R): Founder of Tinubu Support Group, James Faleke; APC National Organising Secretary, Suleiman Argungu; and other APC officials during the presentation of nomination and expression of interest forms to Faleke for President Bola Tinubu in Abuja on Tuesday.

The lawmaker representing Ikeja Federal Constituency, James Faleke, has picked up the All Progressives Congress Expression of Interest and Nomination forms on behalf of President Bola Tinubu ahead of the 2027 presidential election.

The APC National Organising Secretary, Suleiman Argungu, on Tuesday in Abuja, declared the process open and presented the Expression of Interest and Nomination forms to Faleke, who also serves as the founder of the Tinubu Support Groups.

Faleke’s collection and payment for the forms, valued at N100 million on behalf of the President, formally signal the commencement of Tinubu’s bid for re-election.

The Independent National Electoral Commission has scheduled the Presidential and National Assembly elections for Saturday, January 16, 2027, while governorship and State Houses of Assembly elections will hold on Saturday, February 6, 2027.

The commission also announced that party primaries, including the resolution of related disputes, will run from April 23, 2026, to May 30, 2026.

INEC further stated that campaigns for the presidential and National Assembly elections will begin on August 19, 2026, while those for governorship and state assembly elections will commence on September 9, 2026

Continue Reading

news

Gbajabiamila Endorses Hamzat, Says Lagos Is in Safe Hands

Published

on

The Chief of Staff to President Bola Ahmed Tinubu, Femi Gbajabiamila, has assured Lagos State Deputy Governor, Kadri Obafemi Hamzat, of his support in securing the All Progressives Congress (APC) governorship ticket ahead of the 2027 election.

Gbajabiamila, a former Speaker of the House of Representatives, gave the assurance on Sunday, describing Hamzat as competent and well-suited to lead Lagos State.

He stated that the state would be in safe hands under Hamzat’s leadership.

Hamzat had visited Gbajabiamila at his Surulere residence in Lagos as part of consultations with party stakeholders over his governorship ambition.

Responding, Gbajabiamila commended Hamzat’s capacity and approach, expressing confidence in his ability to govern the state effectively.

“Dr Hamzat, you are a man of honour, and it shows in your approach to consultations. But I say this publicly—you can take my support for granted because I have full confidence in your ability and capacity. My constituency, Surulere, is for you, and Lagos is for you,” he said.

In his remarks, Musiliu Obanikoro, a member of the Governor’s Advisory Council (GAC), briefed the host on the extent of consultations carried out so far.

“I can confidently inform the Chief of Staff that the level of endorsement has been overwhelming,” he said.

Other members of the delegation included the Secretary of the GAC, Alhaji Muti Are, Senator Ganiyu Olanrewaju Solomon, Hon. Bode Oyedele, Engineer Adekunle Olayinka, Dr. Hakeem Shittu, Hon. Saheed Kekereekun, Dr. Jebe, and Hon. Rasaq Ajala, among others.

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved