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Alleged N50bn fraud: Arrest, Prosecute Ganduje Now Or Resign, Anti-Corruption Groups Tell Olukoyede

•’EFCC’s silence on Ganduje despite monumental corruption allegations no longer golden’

 

A Coalition of 30 Anti-corruption Civil Society Organizations have called for the resignation of the Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, over his alleged failure to prosecute a former Governor of Kano State, Abdullahi Ganduje, despite multiple petitions against him on multi-billion naira fraud and bribery allegations.

The CSOs, under the umbrella, “Global Initiative for Corruption Eradication”, also called for the immediate arrest of Ganduje, who they said had no immunity, but was allegedly enjoying the cover of the Federal Government through the EFCC.

The spokesperson for GICE, Comrade Anthony Onoja, who addressed a press conference in Abuja on Friday, said, “N50billion diverted LGA funds, dollar video and N1billion naira probe seem to have all been swept under the carpet. It’s been over 2,200 days since the dollar video scandal broke and yet EFCC is silent.”

The activists urged well meaning Nigerians and relevant international organizations to join in stopping the EFCC from further insulting the sensibilities of Nigerians by calling for the immediate arrest and prosecution of Ganduje.

“The chairman of Economic and Financial Crimes Commission (EFCC) must resign from his position if he fails to arrest and prosecute Governor Ganduje in line with our extant laws.

“The continued silence of the EFCC despite the monumental corruption allegations against Ganduje, despite the many petitions, the avalanche of evidence(s) available and protest from various groups and the Kano state government to probe and bring Ganduje to book is no longer golden. It also negates its constant rebuttal of keeping sacred cows.

“The general perception of Nigerians now is that the EFCC, as it is, has abandoned its original mandate by becoming a political tool in the hands of the government of the day for eliminating political rivals and perceived enemies,” Onoja said.

He added that the EFCC was now seen by Nigerians as a major conduit of misappropriation of public funds and a tool for political persecution.

“While these perceptions have become increasingly prevalent, the agency has further justified and vindicated the majority of Nigerians that hold this view with its recent selective prosecution of alleged corrupt public officers; and allowing very corrupt ones to walk free after suppressing the wheel of justice from taking its full effect against them.

“An example of these sacred cows that have continued to walk free despite the monumental corruption allegations against him is the former governor of Kano and current National chairman of the ruling party, Dr. Abdullahi Umar Ganduje,” the activists said.

They stated: “It would be recalled that the Kano High Court was to arraign the former Kano Governor, Umaru Ganduje and his wife on April 17, 2024, over allegations of bribery and misappropriation of funds by the state government. Neither he nor his wife went to court. They also disrespected the court so much that they didn’t send a legal representation.

“The case was adjourned to 29th April but was stalled again. No representation, no appearance. Ganduje was not present. The case was again adjourned to May 16, and on that day, arraignment was rescheduled to June 5. Still, the former governor, who no longer has immunity under our extant laws and is not above the laws of Nigeria by virtue of being the Chairman of the ruling party, did not show up. No representation still.

“The last arraignment was supposed to be July 11. At the resumed proceedings on July 11, Ganduje and his co-defendants were again absent. The judge declined a prayer by the prosecution counsel for a warrant of arrest but ruled that the defendants could be tried in absentia.”

According to them, while the creation of the EFCC by the Obasanjo administration was greeted with commendations, EFCC has derailed.

“Finally, our group is of the considered view that perhaps if the EFCC in its current form is disbanded because of its constitutional illegality as pointed out by the states in the current case against the EFCC at the Apex Court, it would be able to perform its real functions of stamping out corruption when its law is properly enacted,” the CSOs added.

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UBA, GTCO Lose ₦2.13 billion To Fraudsters Despite Heavy Cybersecurity Investments

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UBA, GTCO Lose ₦2.13 billion To Fraudsters

UBA, GTCO Lose ₦2.13 billion To Fraudsters Despite Heavy Cybersecurity Investments—-Three of Nigeria’s largest financial institutions have reported combined fraud-related losses of approximately ₦2.13 billion in their latest audited financial statements, highlighting the growing threat of cybercrime and electronic banking fraud in the country’s financial sector.

The affected institutions include Access Holdings Plc, Guaranty Trust Holding Company Plc, and United Bank for Africa Plc.

According to details contained in the banks’ 2025 financial reports, fraud incidents linked to the three lenders totalled approximately ₦10.29 billion. However, through recoveries, transaction reversals, and security interventions, the banks were able to prevent or recover about ₦8.16 billion, leaving actual losses at approximately ₦2.13 billion.

Among the banks, Access Holdings recorded the highest direct loss to fraudsters, losing an estimated ₦1.24 billion within the financial year.

United Bank for Africa reported over 26,400 fraud-related incidents, with actual losses totalling approximately ₦621.57 million, while Guaranty Trust Holding Company recorded approximately ₦269.44 million in losses tied to fraudulent activities.

Industry analysts say the figures reflect the increasing sophistication of cybercriminals targeting Nigeria’s rapidly expanding digital banking ecosystem.

Most of the fraud cases were reportedly connected to electronic banking channels, including unauthorised transfers, mobile banking compromise, phishing schemes, identity theft, and other forms of digital payment fraud.

The development comes as Nigerian banks continue to accelerate the country’s transition toward a cashless economy through mobile banking platforms, internet banking services, agency banking networks, and digital payment systems.

Despite the losses, the financial institutions significantly increased investments in technology infrastructure and cybersecurity measures during the year under review.

Collectively, the banks reportedly spent over ₦280 billion on technology upgrades, fraud monitoring systems, customer authentication processes, and transaction security enhancements aimed at reducing cyber threats and protecting customer funds.

Meanwhile, the Central Bank of Nigeria has also intensified regulatory efforts to curb financial fraud across the banking industry.

The apex bank recently introduced stricter compliance measures requiring financial institutions to strengthen fraud detection systems, improve transaction monitoring, and respond more rapidly to suspicious activities and customer complaints.

Financial experts have warned that as digital banking adoption continues to rise across Nigeria, banks and customers alike must remain vigilant against increasingly advanced cybercrime tactics targeting the financial sector

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Custody Death Scandal: LawyerTemokun Drags NDLEA, Demands Immediate Probe

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Lawyer Temokun Drags NDLEA

Custody Death Scandal: Lawyer Temokun Drags NDLEA, Demands Immediate Probe—-Calls for accountability grow after fresh death mirrors earlier prolonged detention case in Ondo.

Human rights lawyer Temokun has condemned the death of a detainee in the custody of the National Drug Law Enforcement Agency (NDLEA), demanding an immediate and transparent investigation into the circumstances surrounding the incident.

The lawyer described the development as alarming, linking it to a previous case in Ondo State involving prolonged detention without due process. In that earlier incident, Temokun had accused authorities of незакон detention and rights violations, insisting that suspects must be charged to court rather than held indefinitely.

He stressed that repeated allegations of unlawful detention and abuse within custody raise serious concerns about accountability and adherence to the rule of law.

Temokun called on relevant authorities to thoroughly probe the latest death, ensure justice for the victim, and prevent a recurrence of such incidents.

The NDLEA has yet to issue an official response regarding the latest allegations, as pressure mounts from legal and civil society groups for greater oversight of detention practices.

The incident adds to growing scrutiny of law enforcement agencies over the treatment of detainees and respect for fundamental human rights in Nigeria.

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