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Kogi: Anti-Corruption CSOs Warn EFCC Against ‘Cankerworms Of Previous Management’

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Kogi: Anti-Corruption CSOs Warn EFCC Against ‘Cankerworms Of Previous Management’. Advise Olukoyede to shut out miscreants mistaking EFCC for political structure

. Say latest charge against ex-Kogi Gov embarrassing, reflects victimization

 

Anti-Corruption Civil Society Organisations, on Wednesday, warned the Economic and Financial Crimes Commission, under the leadership of Ola Olukoyede, to refrain from allowing “cankerworms of the previous management left in the system” rubbish his credentials as the Head of the Commission.

The over 300 anti-corruption activists, under seven broad frontline organisations, noted that it was pertinent for them to sound an early note of warning in view of the fact that the misuse of the EFCC by political gladiators, as a veritable tool of victimization and score-settling, which they thought had been tackled, was suddenly rearing its head again.

The anti-corruption Civil Society Organisations advised the EFCC boss to sit up and stop the Commission from being accessed by “political miscreants who think EFCC is an extension of their political structures to be manipulated at will.”

They specifically referred to the Kogi State Government’s press statement, which was released on Tuesday, alerting the public to an alleged fresh move by the Commission to witch-hunt the ex-Governor with spurious claims for political reasons.

The activists pointed out that the crux of the latest persecution, going by the EFCC’s amended charge sheet, which featured ex-Governor Bello’s name, showed a clear case of desperation for spurious claims to whip up public sentiment against the target, adding that any litigation on corruption founded on political conspiracy would always have no merits to pursue it.

“While we stand solidly behind any credible anticorruption drive, we, however, oppose and condemn unequivocally any and all corruption allegations with the trappings and trademarks of political victimization as this Kogi case clearly seems to be,” they declared.

They described the latest amended charge as extremely embarrassing, saying, “A Court document at our disposal submitted to the Court by EFCC is alleging that the former Governor and his nephew, one Alli Bello, converted Kogi State’s money to the tune of over Eighty Billion Naira since September 2015!

“This looks like a hurriedly prepared amendment targeted at an individual without paying much attention whatsoever to facts. Except the Commission is able to prove before the court that the duo had been involved in financial transactions with Kogi State money before Yahaya Bello assumed office in January 2016 as Kogi State Governor, then they have a lot of questions to answer Nigerians.”

“This is always how bad-intentioned and politically motivated allegations are exposed and it smacks of a profound dearth of professionalism on the part of the EFCC. If they come up with a nebulous excuse of typographical error, this further exposes their lack of professionalism and calls to question the competency of the EFCC leadership and legal team/department,” the activists noted.

They vowed to expose political actors behind the incessant EFCC political victimization, stating, “We are working with others across the country and we are ready to expose those behind this witch hunting and also expose their dirty dealings which have continued to undermine the current administration’s efforts at economic revitalisation, to the public.”

While referring to a recent statement by Olukoyede against the conduct of some EFCC officials, the anti-corruption activists said, “If the EFCC chairman doesn’t want the embarrassing public image he personally painted and actually known to all Nigerians to continue, he should sit up and get rid of all politically motivated allegations and stop the EFCC from being accessed by political miscreants who think EFCC is an extension of their political structures to be manipulated at will.”

They stated, “After two decades of its establishment, we believe that the EFCC should have garnered enough experience to be strictly professional. But, alas, that doesn’t seem to be the case now. The Commission commits unforgivable legal and procedural faux pas that makes it lose considerable percentage of its cases in Court. For one, the Commission’s agents don’t seem to be thorough enough in their investigations especially in cases that have political undertones.

“Due to lack of merits in those cases, oftentimes, the Commission exposes itself to unnecessary public ridicules and embarrasses itself in Court. Any litigation on corruption founded on political conspiracy will always have no merits to pursue it because the Courts won’t ever be convinced otherwise.”

“We can see that one of the major agenda of the current administration of President Ahmed Tinubu is also to fight corruption. We doubt very much that the Commission can meet up with the expected standards as envisaged by the current administration,” their statement added.

Giving a background of their age-long activities geared towards fruitful anti-corruption struggles, the frontline acitivists noted, “As rights anticorruption organizations, we have been in the Vanguard of clamoring for corruption to be eliminated from Nigeria’s civil service and governance for years. We are convinced that corruption, above any other factor, is responsible for the myriads of developmental challenges confronting Nigeria from a long time even before now.

“That was why we celebrated the establishment of the Independent Corrupt Practices Commission in the year 200 and the Economic and Financial Crimes Commission, EFCC, in 2003 believing that these two elite anticorruption agencies would stamp out corruption from our system if not completely but, at least, considerably. It was a good step in a good direction.

“But we have observed a disturbing trend in the operations one of these two anticorruption agencies, the EFCC, which tends towards political witchunt. Of course, this didn’t start today but we have to exorcize that spirit from the soul and body of the EFCC.

“There are two major disagreeable patterns in EFCC’s modus operandi for a long time now that should never have been part of any anticorruption regime and these are politicization of cases and media trials through excessive sensationalism of cases under investigation.

“We have witnessed occasions in this country when the EFCC arrested all members of a state assembly, whisked them to their Abuja headquarters, only for the latter to return ro their state and commence impeachment proceedings against their state Governor. Any anticorruption exercise that applies tools of intimidation and blackmail loses its integrity and public trust ultimately, including international support.

“One instance would suffice here. We remember vividly how only five out of a 24-member legislature of Plateau state in 2006 met at 6:00am and ‘impeached’ Governor Joshua Dariye after their alleged meeting with EFCC operatives. We cried out at that time that politicizing the operations of the Commission would kill its noble objectives. Moreover, you don’t need to use extra-constitutional means in fighting the anticorruption war because you cannot use corrupt means to fight corruption successfully. There were, at least, three more instances in this regard.

“After much advocacy by NGOs and other concerned activists, this trend seemed to stop for a while only to rear its ugly head again under the ignoble tenure of Mr. Rasheed Bawa. That error of judgment and the heavy corruption allegations against Bawa were mostly responsible for his premature but well-deserved removal from office last year.

“We had assumed that that would be the end of such misuse of the EFCC by political gladiators who have discovered the use of the Commission as a veritable tool of political victimization and score-settling. But it does seem now that we are wrong.

“We are disappointed that the current EFCC leadership seems to have decided to tow the line of the ignoble Bawa way of doing things the wrong way.”

The statement was signed on behalf of others by the Director, Publicity and Research, Sustainable Initiative for Nurturing Growth, Fisayo Abayomi; Chairman, Zero Graft Coalition, Dr. Olusegun Adesanmi; and National Coordinator, Integrity Forum, Engr. Mohammed Zakari.

Others include the President, Transparency Movement of Nigeria, Barr. Esther Ezechukwu; Chairman, Stop Corruption Coalition, Arc. Samuel Ogedegbe; Executive Director, Africa Accountability Centre, Godwin Ozogula; and Comrade Isiak Aderounmu for
Youthcentric Advocacy Initiative.

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Kyari Reacts To Senate Arrest Warrant, Says He Notified Committee of Medical Trip Abroad

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Kyari Reacts To Senate Arrest Warrant, Says He Notified Committee of Medical Trip Abroad

 

….Denies Dodging Probe, Pledges to Appear After Treatment

By Adesina Adeleja

 

Former Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has described the Senate Committee on Public Accounts’ decision to issue an arrest warrant against him as “deeply shocking.”

In a formal letter addressed to the committee chairman, Kyari clarified that he had earlier informed the panel of his inability to appear due to medical treatment abroad.

“I refer to the news of the arrest warrant issued against me during the proceedings of your esteemed Committee today, 10th June, 2026. I am deeply shocked by the issuance of the warrant,” Kyari wrote.
He referenced a letter sent to the committee on May 11, 2026, in which he notified lawmakers that he was receiving medical care outside the country. In that correspondence, Kyari expressed his willingness to honour the committee’s invitation upon his return to Nigeria and offered to provide written responses to any urgent questions through his legal representatives.

“I also expressed my willingness to honour the Committee’s invitation as soon as I return to Nigeria,” he stated. “I wish to reiterate that I remain very willing and ready to honour the invitation of the Committee and to appear before it once I return to the country.”

Kyari firmly denied any attempt to evade the Senate’s invitation, noting that he had not received any fresh summons before the warrant was issued.

“However, I wish to respectfully state that I have neither received nor sighted the said invitation,” he said. “Had the invitation reached me, I would have gladly honoured it.”

The former NNPCL boss explained that his current medical condition has made it impossible for him to appear in person. He urged the committee to channel any questions or requests for clarification through his legal team to ensure prompt responses while he continues treatment abroad.

Kyari assured the Senate of his full cooperation and respect for the legislative oversight process. He pledged to appear before the committee personally as soon as his health permits.

Defence of Tenure

In the letter, Kyari also defended his leadership of the national oil company, stating that his team transformed NNPCL from a loss-making entity into a profitable commercial organisation. He added that all transactions during his tenure were properly documented and remain available for scrutiny at the NNPCL.
“I remain deeply grateful to my country for the opportunity afforded me to serve with utmost diligence and commitment,” he said.

Background

The Senate Committee on Public Accounts issued the arrest warrant after Kyari failed to appear at its sitting. The panel is investigating financial records and transactions of the NNPCL, including allegations surrounding over ₦210 trillion.

The motion for the warrant was moved by Senator Victor Umeh and seconded by Senator Adams Oshiomhole.

Kyari’s latest response appears aimed at dispelling suggestions of deliberate non-cooperation, attributing his absence primarily to health reasons and possible communication gaps regarding subsequent invitations. He has maintained that he has nothing to hide and remains committed to assisting the investigation.

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

 

Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.

With this performance, Alpha Morgan Bank did not only break-even within an exceptionally short period, but also delivered what is believed to be a record-setting early-profit performance in the Nigerian banking sector, underlining the strength of its strategy, the discipline of its execution and the confidence the market has placed in its business model.

The Bank’s strong debut performance was supported by robust growth across key financial and operating indicators. Highlights of the 10-month financial statement include customer deposit of over ₦103BN, gross earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio of 0%.

The performance was driven largely by strong synergy in customer acquisition and branch expansion, a deliberate focus on growth in demand deposits, creation of quality risk assets and balance sheet efficiency. These achievements were further supported by robust operational processes powered by sound technology and systems, management depth and expertise, experience and strategic oversight provided by the Bank’s Board.

Speaking on the performance, the Managing Director, Ade Buraimo, described the result as a significant validation of the Bank’s vision, business model and execution capacity.

“This is more than a financial milestone; it is a strong statement of what is possible when vision, discipline, sound execution, and market opportunity come together. From inception, Alpha Morgan Bank was built to be a commercial bank that is solution-driven and committed to delivering value at scale. To record a PBT of N1.9 billion in our first 10 months of operations is both historic and deeply encouraging. It reflects the dedication of our people, the trust of our customers and the solid foundation we have laid for long-term growth.”

 

 

 

About Alpha Morgan Bank

Alpha Morgan Bank is a customer-centric, innovative, and solutions-driven commercial bank, with a clear commitment to delivering “Satisfying Banking.”

Alpha Morgan Bank commenced operations in March 2025 with the rare distinction of regulatory approval for 14 branches across the country. This early footprint, combined with disciplined market execution, has enabled the Bank to build momentum across key business segments in record time.

Alpha Morgan Bank focuses on:

  • Human-Centred Technology: Digital tools designed for intuitive, everyday relevance and not vanity metrics.
  • Transparent Operations: From pricing to service promises, every process is clear, accountable, and customer friendly.
  • Customer-Centric Innovation: Continuously developing solutions and services driven by customer insights to deliver meaningful value and enhance satisfaction.

More than a financial institution, Alpha Morgan Bank positions itself as a partner in progress. Its vision is to drive possibilities, enable dreams, and reemphasize what it means to experience Satisfying Banking in Nigeria.

More about Alpha Morgan Bank on www.alphamorganbank.com

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