Tag: Ola Olukoyede

  • Olukoyede : Sailing through EFCC storm (2)

    Olukoyede : Sailing through EFCC storm (2)

    By Shina Philips

    Systemic corruption is the bane of many developing countries. In the words of a prominent anti-corruption crusader, corruption is a ‘force which drives poverty, inequality, dysfunctional democracy and global insecurity’.

    President Bola Ahmed Tinubu recently highlighted the dangers of allowing corruption to fester when he described the menace as a ‘scourge.’

     Speaking through Vice President Kashim Shettima at the Opening Ceremony of the 6th  Annual General Assembly of the Network of Anti-Corruption Institutions in West Africa, NACIWA in Abuja on Monday, August 19, 2024, the President stated that ‘corruption remains one of the most significant obstacles to the progress and prosperity of our nations. It undermines the very fabric of our societies, erodes public trust, and impedes the equitable distribution of resources.’

    Over the years, despite Government’s best efforts, corruption has remained malignant. The passing of legislations, establishment of anti-graft agencies and popular media campaigns have only succeeded in slowing down the rate of it spread without bridging the gap between our expectations and the reality. Since corruption impacts a country’s economy, growth and overall development, it is important that we expand our study of it and adopt a more multidisciplinary approach towards understanding why it has remained intractable and how it can be effectively curtailed.

    First, we need to admit that Mr. Ola Olukoyede and the Commission he leads, alone, cannot singlehandedly stop corruption in Nigeria. But they have a lead role to play in the crusade. It goes without saying that the EFCC will need the strong political will and backing of the Government and the support of all Nigerians in this fight.

    We have often overlooked the significant impact of tribalism and lack of patriotism in our collective fight against corruption. Yousif Abdelrahim, a senior research fellow at the Prince Mohammad University in Saudi Arabia, in an extensively researched paper explored the ‘relationship between tribal factors of gender inequality, ethnic fractionalization, indigenous population, group grievance, and the country’s level of corruption and explains why tribalism causes corruption in 132 countries worldwide.’ Many researchers have now successfully linked tribalism to corruption. However, the fact that this still appears strange to many is probably the major reason why the problem of corruption is still largely intractable.

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    Rooted in love for self and selfishness, tribalism inspires and commits individuals or a group of people with identical linguistic features, cultural practices, customs and typically similar lifestyles to defend and protect one another’s interest even at the risk of temporary or permanent damage to others and to the wider society.

    It reflects in practices which jettison merit, hard work and competence to favour members of one’s ethnic group or activities aimed at protecting and/or defending members of the ethnic group who have committed criminal acts. Members of the groups are also under constant pressure to provide for their groups all cost and to put the interest of their ethnic group well above any other individual or national interest.

    Nigeria’s Perspective

    Tribalism has always been a topic of discussion in almost every national platform in Nigeria and, this, for grave reasons. It has become one of the most influential factors in decision making in most private and public institutions. Tribalism, rather than merit or competence, usually influences appointments to positions, admission into secondary and post-secondary educational institutions, decisions on allocation of resources and surprisingly, who should be prosecuted or discharged.

    It is disheartening to observe that though Nigerians were united in their collective demand for independence, the nation became balkanized into different ethnic groups immediately the colonial masters departed. In immediate post-independence Nigeria, the elites viewed the out-going British colonialists as an ethnic group which fought to transfer the nation’s resources to themselves and worked only to advance the interest of Her Majesty, the Queen of England. They subsequently followed suit after the exit of the colonialists.

    After independence, our leaders viewed ‘national’ development from the perspective of the economic growth and wellbeing of their ethnic groups. Political parties were formed along ethnic lines and though their manifestoes contained projects intended for the development of the whole country, they were only able to appeal to their ethnic groups and nationalities. Voting was, and has, largely remained along ethnic lines even after six decades of independence.

    Almost every appointment and allocation were done based on ethnic consideration.  In fact, in 1996, by Act 34, the Federal Government established the Federal Character Commission (FCC) to ‘implement and enforce the Federal Character Principle of fairness and equity in the distribution of public posts and socio-economic infrastructures among the various federating units of the Federal Republic of Nigeria. The provisions of the 1999 Constitution in Sections 14 and 153 consolidated the establishment of the FCC for operation in a democratic system of Government.’

    Nigerians pay lip service to patriotism. Some Nigerians, often, will go out of their way to circumvent due process if it goes against their ethnic group or someone from their group. This is in addition to the enormous amount of pressure on political appointees to corner resources in the interest of themselves and their groups.  Tribalism significantly hinders the fight against corruption. There is a tendency for some Nigerians to stop the prosecution or aid the escape of their tribesmen involved in corrupt activities.

    Patriotism – The Missing Link

    George Bernard Shaw – ‘Patriotism is your conviction that this country is superior to all others because you were born in it.’ As a people bound together in nationhood, we must bring ourselves to the point where we think of ourselves first a Nigerian and then as a Yoruba, Igbo, Hausa, Ijaw person etc. We cannot live together as one another’s enemies or in constant competition with one another.

    Countries like the United States, Belgium, France, China, the United Kingdom, Brazil, Indonesia, Malaysia, etc have uniquely managed their diversity to achieve greatness. We cannot be an exception. Diversity cannot become an obstacle to national development.

    A Clarion Call to Nigeria

    Our love for Nigeria should inspire our determination to make the country corruption free. This is possible!  The is the only guarantee that our region and states will accordingly experience growth. This should have been evident since independence. No federating state or region can be greater that the whole country.

    The Federal Government and indeed the Economic and Financial Crime Commission, in the fight against corruption, must lead the campaign to re-orientate citizens on the need for all Nigerians to enlist themselves in the fight against corruption. It must become our responsibility to expose corrupt practices and support the agency in fighting corruption.

    It is important to appeal to the conscience of all Nigerians by assuring them of the role of the constitution in our national consciousness. Nigerians need to be intentional about reading, understanding and abiding by the constitution which guarantees their rights. Additionally, the Judiciary need to work hand-in-hand with the EFCC, as well as the police to forge a stronger partnership because of the history that ties them together.

    The National Orientation Agency and other agencies in its mould, must partner with EFCC to educate Nigerians on why and how their love for our great country will help destroy corruption. Education can be both informative and inspirational.

    It is perhaps necessary to state that citizens are expected to lawfully and respectfully honour invites or summons from the EFCC and other security agencies without any accompanying drama; while the EFCC must respect citizens’ fundamental human right to be presumed and treated as innocent until declared otherwise by a competent court of law. For all parties, it is our patriotic duty and responsibility.

    Finally, this is the time to wake up to the reality of the threat that corruption poses to us as individuals and as a nation. It is right time to fly the Nigerian flag high up there and honour our fatherland with the love it deserves.

    Let’s be patriotic!

    •Shina Philips, a Security Consultant  writes from Abuja

  • Deploying crime proceeds to lift economy way to go – Experts

    Deploying crime proceeds to lift economy way to go – Experts

    • Hail N100bn disbursement by EFCC to NELFUND, others

    Time was when proceeds of crime especially public funds recovered by the authorities was further misappropriated and unaccounted for.

    The implication is that social services are grossly in deficit with many Nigerians deprived of good governance.

    But thankfully all that is fast changing today.

    The Economic and Financial Crimes Commission (EFCC), which is the anti-graft agency saddled with the mandate to probe crimes, especially financial-related crimes has been living up to its mandate (no pun intended).

    Under the new sheriff at the EFCC, Ola Olukoyede has been able to help Nigerians get back stolen wealth which are now being ploughed back into the system.

    From available information, the anti corruption czar has recovered billions of naira in recent times.

    Following a directive by President Bola Ahmed Tinubu to the EFCC to disbursed recovered funds to mobilise the Management of the Nigerian Education Loan Fund (NELFUND) and the Consumer Credit Corporation, the agency decided to walk the talk by doling out N100bn.

    President Tinubu announced in his August 4 broadcast to the nation, following the breakout of the #Endbadgovernance protest nationwide, that he had allocated N50bn each to the Nigerian Education Loan Fund and the Consumer Credit Corporation.

    Based on Tinubu’s directive, the EFCC was empowered to channel N100bn from recovered funds into the government’s initiatives.

    From May 2023 to May 2024, the EFCC made substantial strides in its mission to curb corruption and recover ill-gotten wealth. The agency’s efforts resulted in the recovery of over N231.6bn in the Nigerian currency alone, alongside significant amounts in other currencies, including $70.26m in United States dollars.

    The commission also recovered £29,264.50, €208,297.10,      51,360.00 Indian Rupee, 3,950.00 Canadian Dollar, 740.00 Australian Dollar, 35,000 Rand, 42,390 UAE Dirhams, 247.00 Riyals and ¥74,754.00. These recoveries were the fruits of a relentless campaign against financial crimes. The commission had 15,753 petitions, investigated 12,287 cases, filed 5,376 cases in courts and secured 3,451 convictions.

    With over N231bn recovered in naira alone, the commission has not only cracked down on corruption but has also laid the groundwork for the funds to be reinvested into society. The recovered assets, previously the spoils of crime, are now being repurposed to address some of Nigeria’s most pressing challenges, from education to financial inclusion.

    The decision to channel a portion of these recovered funds into NELFUND is a strategic one. Established under the Tinubu administration, NELFUND is designed to provide financial support to indigent students across Nigeria, ensuring that financial hardship does not bar anyone from accessing higher education. The injection of N50bn into the fund represents a significant boost to its capacity, enabling it to expand its reach and support more students.

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    Already, the impact of this funding is evident. Since the launch of the NELFUND portal in May 2024, over 22,000 students have benefited from loans totalling N2.5bn. The fund has seen a surge in applications, reflecting the high demand for educational support in a country where many parents struggle to afford tuition fees. The story of NELFUND is not just about numbers; it is about the lives being changed. From the daughter of a humble gateman who aspires to become a doctor to a local mechanic who has transformed into a certified automobile engineer through vocational training, NELFUND is making dreams possible.

    The other half of the N100bn allocation went to the Consumer Credit Corporation, an institution aimed at improving access to credit for everyday Nigerians. By making affordable loans available for consumer purchases, this initiative seeks to boost financial inclusion and stimulate economic growth.

    Expectedly, the management of the NELFUND confirmed receipt of ₦50bn from recovered proceeds of crime by the EFCC.

    A statement by NELFUND’s Director, Corporate Communications Nigerian Education Loan Fund, Oseyemi Oluwatuyi recently, said EFCC had released the fund to it following directives from President Bola Tinubu.

    It said, “NELFUND Acknowledges Receipt of ₦50 Billion from Recovered Proceeds of Crime The Management of Nigerian Education Loan Fund (NELFUND), under the leadership of its Managing Director/CEO, Mr Akintunde Sawyerr has expressed its pleasure as it receives an additional N50 billion from the EFCC).

    “The release follows the directive of President Bola Tinubu in his speech on 4th August, 2024, directing the EFCC to transfer the funds to NELFUND to further boost the student loan programme. “This significant injection of funds represents a major milestone in the Administration’s commitment to bolstering access to education by providing financial support to students across Nigeria.

    “The fund extends its deepest appreciation to President Bola Ahmed Tinubu for his unwavering dedication to the education sector and his continued efforts to support the most vulnerable segments of the population.

    “By deciding to allocate these funds to the student loan scheme, President Tinubu has once again demonstrated his visionary leadership and commitment to fostering a brighter future for Nigerian students and to the socioeconomic advancement of Nigeria. NELFUND also wishes to acknowledge and thank the EFCC under the leadership of its Executive Chairman, Ola Olukayode for their swift action in ensuring the release of the funds.

    “Their diligent work has ensured that these resources have been promptly made available to benefit the education of our nation’s youth. President Bola Ahmed Tinubu’s decision to direct these funds into NELFUND’s student loan scheme underscores the administration’s broader social intervention policy aimed at uplifting the most populous, yet disadvantaged segment of Nigerian society, the youth.

    “This infusion of funds will significantly boost NELFUND’s ability to provide much-needed financial support to students, enabling them to pursue their academic aspirations without financial hindrance.

    “NELFUND remains committed to utilising these funds equitably, responsibly and efficiently, ensuring that they directly benefit those who need them the most and have already sought a partnership with EFCC to oversee the disbursement process.

    “With the support of the government and the EFCC, NELFUND will continue to drive forward the mission of expanding access to tertiary education for all aspiring Nigerian youth and increasing the employability of well-educated graduates in both the academic and vocational sectors.”

    Justifying the need for the Initiative, Olukoyede, while addressing the NELFUND team when the leadership paid a courtesy visit to his office in Abuja said, “one of the main incentives for cybercrimes is the inability of parents to fund the education of their children. NELFUND is a policy issue against crimes,” the EFCC boss said, underscoring the link between financial hardship, lack of education, and criminal activities. By investing in education through NELFUND, the government is tackling the root causes of crime while empowering the next generation of Nigerians.

    “This approach is a testament to the power of good governance and a reminder that the fight against corruption, when combined with a commitment to public welfare, can yield dividends far beyond the courtroom. It is a new chapter in Nigeria’s story — one where justice and development go hand in hand, and where the proceeds of crime are transformed into opportunities for growth, education, and a brighter future for all.”

    Olukoyede also reiterated the need for strict oversight to ensure that the funds are used effectively and do not fall victim to corruption just as he urged NELFUND to regularly report on its disbursements, ensuring that every naira is accounted for and used to fulfil its intended purpose. While commenting on the wave of positive change Olukoyede’s has berthed with the management of recovered funds Mrs Firdausi AbdulRashid, whose daughter was one of those who benefited from the students’ loans, said such initiative speaks to the patriotic zeal of the new sheriff at the EFCC.

  • No agency can fight corruption alone, says EFCC boss Olukoyede

    No agency can fight corruption alone, says EFCC boss Olukoyede

    • Interpol chief: we will trace funds stolen by politicians, others

    The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, yesterday said no agency can fight corruption alone.

    He pleaded for “serious collaboration” among anti-corruption organisations to reduce corruption in the country.

    The EFCC chairman said the commission was focusing more on prevention of crimes rather than fighting the aftermaths.

    Olukoyede spoke at a workshop organised by the commission, the international Police Organisation (INTERPOL), and the Japan International Cooperation Agency (JICA) yesterday in Abuja.

    He said: “The daunting nature of the fight against corruption in Nigeria and the world at large deserves serious collaboration among organisations saddled with the responsibility of fighting corruption and their stakeholders.

    “I have learnt over the years that no particular organisation, agency or country can fight the scourge of corruption and financial crimes all alone, in view of the dynamic nature of corruption and other financial crimes. This is reason I strongly believe that this programme is apt and timely.

    “I am, therefore, delighted that this project is not only targeted at enhancing the capabilities and sharpening of the skills of Nigerian law enforcement agencies in combatting corruption and financial crimes but designed to also foster a culture of cooperation through the establishment of a robust multi-agency network of investigators to strengthen collaboration amongst them.”

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    Olukoyede said the EFCC remained one of the most formidable anti-corruption agencies in Nigeria.

    On the need for the commission to restrategise its prevention of corruption, he said: “I speak without fear of contradiction that the EFCC has, over time, represented as one of the most formidable anti-corruption agencies in Nigeria.

    “Our records of convictions and recoveries stand us out but we will not rest on our oars.

    “We are committed to do more, and in this commitment, the EFCC is restrategising its operations with a focus on prevention, knowing that it is easier and cheaper to prevent corruption from happening than investigating and prosecuting corruption. This programme, therefore, comes in handy in our new drive.”

    The Vice President for Africa INTERPOL Executive Committee, Garba Baba Umar, a retired Assistant Inspector General of Police (AIG), said his organisation was proposing a silver notice to trace and recover stolen funds from corrupt politicians and other criminals.

    He said: “We are bringing what we call silver notice. The silver notice will trace wherever the funds are, the money that was stolen by corrupt leaders, corrupt politicians, and by corrupt individuals and criminals.

    “For the first time in the history of the Interpol, we are now introducing the silver notice. The EFCC and the Nigerian Financial Intelligence Unit (NFIU) will trace where this money is; not only tracing the money but repatriating the money through our mutual legal assistance treaty (MLAT), our natural legal, diplomatic channels, and so on. This is what we are doing through police-to-police international cooperation.

    “If you think you have stolen money and you want to go and hide it, no.”

  • Corruption, next deadliest affliction of humanity, says EFCC chair

    Corruption, next deadliest affliction of humanity, says EFCC chair

    The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede yesterday said apart from terrorism, corruption is the next deadliest affliction of humanity.

    He said most of the governors being prosecuted today were those who couldn’t pay minimum wage.

    He asked Nigerians to embrace whistleblowing by exposing  corruption in the country.

    Olukoyede made the disclosures while addressing stakeholders at the Unity Fountain in Abuja to commemorate the 2024 African Anti-Corruption Day.

    He called for enhanced and consistent commitment to whistle blowing by Nigerians  to tackle the menace of economic and financial crimes and other acts of corruption.

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    He said: “Aside terrorism, corruption ranks as the next deadliest affliction of humanity in every region of the world.

    “In view of the danger and threat to our existence which corruption represents, it is imperative that individuals, communities, corporate bodies and indeed the whole world join hands to tackle it frontally. 

    “ One way of doing this is through the whistle-blowing initiative”.

    Olukoyede said  the fight against corruption required absolute commitment to integrity and unfaltering focus.

     “We cannot win the war against corruption through lip service, emotional outburst or mere mob campaigns.

    “There is need for commitment, passion, consistence and credibility of intelligence.  Every whistle blown must point towards truth and evidential proofs”,  he said.

    He pleaded with the Nigeria Labour Congress and Civil society organizations to be part of the anti-graft war.

    He said “most of the governors being prosecuted today were those who couldn’t pay minimum wage.

    “This is an urgent need for us to fight corruption and NLC will throw its weight behind the agency in all fight against corruption.”

    NLC President Joe Ajearo said  the union will fully support the EFCC in its fight against corruption.

    Various stakeholders at the Road Walk bared their minds on the need for more affirmative actions against corruption. 

    The Chairperson,  Conference of Civil Society and Coordinator Civil Military Co-operation (CIMCO), Adams Otakwu, commended the EFCC for galvanizing Nigerians to stand against corruption.

    Otakwu said: “It may interest us to know that upon all the threat to national security inclusive of terrorism, insurgency, proliferation of small arms and light weapons the most insidious of them is corruption and that is why the fight against corruption must be tackled head on”.

    Other speakers were the Representative of the Chief of Defence Staff, Air Vice Marshal Etim Markus, Nigeria Security and Civil Defence Corps, NSCDC, Nigerian Correctional Service,  National Youth Service Corps, NYSC, among others

     In Abuja,  the Day was marked by a colourful Road Walk by staff of the EFCC and other stakeholders in the anti-corruption corridor. Amidst dancing, singing and exhilarating clarions,  Olukoyede led the Walk from the Wuse 2 Zonal office of the EFCC through streets of Maitama and terminated it at the Unity Fountain. 

  • Court dismisses suit seeking Olukoyede’s removal as EFCC chair

    Court dismisses suit seeking Olukoyede’s removal as EFCC chair

    A Federal High Court in Abuja yesterday dismissed a suit seeking the sack Ola Olukoyede as Chairman of the Economic and Financial Crimes Commission (EFCC).

    Justice Obiora Egwuatu dismissed the suit on the grounds that the applicant lacked the locus standi (legal right) to institute the case.

    Abuja-based lawyer Victor Opatola filed the suit against President Bola Tinubu over his appointment of Olukoyede as EFCC chair. Opatola challenged the validity of the appointment on the grounds that Olukoyede did not meet the years of service required by law to occupy the office.

    He had listed the President, National Assembly, Attorney-General of the Federation (AGF) and Olukoyede as 1st to 4th respondents.

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    But the respondents prayed the court to dismiss the suit for lacking in merit.

    Olukoyede, who was represented by Olumide Fusika (SAN), on the last adjourned date, challenged the legal authority of the plaintiff to institute the suit in the first instance.

    Beside, Olukoyede claimed he is eminently qualified to occupy the office having served as secretary of the commission, a grade Level 17 position, which is higher than the rank of an Assistant Commissioner of Police, a grade Level 14 position.

    He accordingly asked the court to dismiss the suit.

  • Between EFCC and our modern-day Oyenusis

    Between EFCC and our modern-day Oyenusis

    Let me dive into this straight, it is my unsolicited opinion that the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, a lawyer and reportedly experienced solicitor in financial crimes and related offences, should stop the circus show of rushing to the media to divulge information that could jeopardise the trials of the increasing number of the sons and daughters of Ishola Oyenusi in government. Oyenusi, by the way, was a terror armed robber infamously known in the late 60s and early 70s for leading bloody and deadly robbery operations in Lagos and its environs. Said to possess a supernatural power that shielded him from being harmed by bullets, Oyenusi, whose capture and eventual death by firing squad alongside six of his gang members at the famous Bar Beach was watched by over 30000 Lagos residents, would later blame his decision to embrace car snatching, bank and factory robberies, killings and maiming as a preferred profession on the inability of his poor parents to send him to secondary school. A report said, for the fun of it, Oyenusi not only adopted the name Dr. Oyenusi, the cold bloodedness with which he wasted all his victims in any robbery operation earned him the moniker, “Doctor rob and kill.’ Yet, when he was eventually caught by the police after a robbery operation on March 27, 1971 in which one Constable Mwi was killed and robbed of the sum of 28000 pounds sterling, the notorious armed robber that was once quoted as saying that “bullet has no power” became a jelly fish when bullets were being pumped into him by the soldiers at the gang’s public execution. He fizzled out quickly but his story was always recalled by parents in those days, to drum fear into most children that grew up in Lagos in the 70s, 80s and 90s. Nobody wanted to have an Oyenusi replica as a child and no one wanted the family name to be linked with someone tied to the stake, waiting for the rains of bullets. For many of us, the undignified exit of Oyenusi was a wake-up call to abhor crime and embrace education or any other vocation that would put us on the straight and narrow path to a dignified and successful life.

    But, looking back today, it seems the fear that was instilled in us by the Oyenusi’s execution by firing squad has been replaced with the brazenness with which those who are opportune to work in government establishments blindly steal from the treasury. In saying this, I am not, in any way, implying that the corruption narrative in Nigeria started in recent times. No, it has always been there. What baffles me is the scale, sophistication and the caliber of persons who have embraced grand larceny as a vocation. In fact, they see the public till as a personal inheritance and they rape it at will. Sometimes, when you hear stories about the magnitude of continuous abuse being inflicted on our collective patrimony, you can’t help but  wonder why the nation’s economy has not sunk into irreparable depression. If we agree that Oyenusi was the poster boy for armed robbery in post-civil war Nigeria, who should we then pick as truly representative of the official corrosive corruption that has impacted negatively on the the country’s drive to reach its potentials post independence in 1960? If General Sani Abacha was the reference point for the bombardment of the national treasury under the jackboots of the military, who among the plethora of smart thieves in the political circles lead the turf? In fact, do we even have a sense of what has been filched off the system and the significant difference it would have made if the money had been deployed to building infrastructure and service that would benefit Nigerians?  Checks indicate that, as at 2012, the country was estimated to have lost over $400bn to corruption since independence, apart from the fact that it impacted over 37 percent of its Gross Domestic Product. The report declares: “Corruption is widespread in government, business and everyday life: it has a major impact on the country’s economy and the lives of its citizens.”

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    Now, when I admonish Olukoyede to tread softly and apply wisdom in the way he goes about handling the modern-day Oyenusis, it is because experience has shown us that these persons do not operate the crude manual that the likes of Oyenusi used in those days. These ones are educated and they are highly sophisticated to the extent that they know that there are many loopholes within the law that can be explored to practically set them free or, at best, make them get a slap on the wrist as punishment for the afflictions they visit on the national purse..

    We do not need to look farther. There are a number of cases that the EFCC has bungled after making a song and dance in the media of having a watertight case against the culprits be they politicians, businessmen, retired military men, yahoo-yahoo boys or civil servants. The irony is that many of these guys, including former governors, ministers and political appointees, are occupying key decision-making bodies in the country and they are having some sort of last laugh. Some others are dancing on the grave of a deflated ego of a body that barks but lacks the capacity to bite. Didn’t we witness the same circus show when the present National Security Adviser, Mallam Nuhu Ribadu was in charge of the EFCC? Did Madam Farida Waziri fair better after trying her suspects through the media? What of Ibrahim Lamurde, Ibrahim Magu and Abdulrasheed Bawa? It is not inspiring that the EFCC, more often than not, end up losing celebrated cases in which its leaders had boasted about getting convictions at the courts. Just few days ago, the EFCC, once again, was made to kiss the dust in the corruption case it brought against the former Attorney-General of the Federation and Minister of Justice, Mohammed Adoke, for failing to establish a prima facie case against him. So, after all the drama over the years, this is how it all ended? And there was also the acquittal and discharge of the former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, in a N8.5bn fraud charge brought against him by the EFCC in a Lagos court. The 22-count charge was dismissed in favour of Akpobolokemi and his alleged accomplice, Josphine Otuaga, for failing to establish a prima facie case against them. In other words, the no case submission by Adoke and Akpobolokemi were upheld and they were free to walk home as free men after all the media trials, klieglight and razzmatazz by the EFCC. So what has the EFCC or the country gained?

    If Olukoyede wants to succeed, he would need to do less of talking and concentrate more on working round the dubious technicalities that have been exploited severally by the lawyers of these alleged criminals to escape justice. Even the plea bargain system is laughable as the funds returned to the government are not in any way close to the humongous amount resting in private vaults in dollar and pound sterling. It is understandable that anyone in Olukoyede’s shoes would be angry when they hear that a state governor like Yahaya Bello, in one fell swoop, dipped his hands into the state’s treasury and withdrew $720000 to pay for his children’s school fees for the entire duration that they were expected to be in the school and beyond. But, as scandalously annoying as that may look, Olukoyede’s public display of impetuousness is the least of EFCC’s problem, especially for a man who has more than N82bn heist linked to his eight-year of playing a god in the lives of Kogi indigenes. Yes, there are a thousand and one things that would infuriate the EFCC chairman as he continues opening the books of graft perpetrated by our privileged pen robbers who are nothing but refined versions of the Oyenusis of the 70s. However, he would need to soak it all in and be focused.

    Who, for example, wouldn’t be riled that, after spending billions of naira to ensure that Nigeria finally gets a national carrier, what the former Minister of Aviation, Senator Hadi Sirika and his band of magicians eventually delivered few days to the end of the Muhammadu Buhari administration was a one-day wonder aircraft from Ethiopian Airlines shamefully repainted in Nigerian green-white-green colours with a smiling Buhari ‘commissioning’ the hoax! And then, the same Sirika, who is presently singing like a bird with a broken beak in the detention centre of the anti-graft agency, is said to have allegedly diverted over N3.2bn out of the over N8bn meant for projects, that were either inflated or were never executed, to the accounts of his younger brother, Abubakar Sirika, a level 16 civil servant with the Ministry of Water Resources here in Abuja. In the first place, isn’t there something gross with a serving civil servant being awarded contracts  worth billions of naira and to a firm in which he has his name boldly displayed in the Certificate of Incorporation as Managing Director and Chief Executive Officer? And to make the matter worse, these contracts were being awarded directly to Abubakar Sirika by his blood brother, Hadi Sirika, who was privileged to be a Minister of Aviation under a no-nonsense, corruption intolerant Buhari! How on earth did this happen and how many such fraudulent streaks were ongoing at the same time under Buhari’s watch?

    Well, no one is surprised that politicians can hardly steal these days without the connivance of the devils called civil servants. They teach them the tricks and the ways and means of starching the loot. That is why, in cahoots with these ‘servants’ of doom in the system, it was possible for those fine species in the Ministry of Humanitarian Affairs to completely forgot the meaning of the word humanity when they pounced on the billions of naira meant to ameliorate the sufferings of the abysmally poor in the society and diverted N30bn, N3bn and $445000 respectively into their Gucci and VSL personal treasury accounts. In spite of this continuous pillage, they still smile for the cameras and feign crocodile tears as they express their passion to ensure that the poor were never left behind. They steal billions and couldn’t even leave the crumbs for the poor. How then can the poor  breathe? It is for the same reason that, sad as it may sound, many Nigerians were not stunned that the embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele, in the latest charge sheet before another court in Abuja was said to have spent a whopping N18.96bn for the printing of N684.5m new notes during the controversial naira swap policy under the Buhari administration. With all the huge, almost unbelievable, figures being bandied all over the place as evidence of graft in government circles, even Ishola Oyenusi would cringe in his grave. Were he to be alive, he wouldn’t have hesitated to dump the gun for the pen. After all, didn’t he embrace ‘doctor’ as an appendage to his infamous name? Now, qualified doctors, lawyers, bankers, journalists and engineers are stealing with reckless aplomb while damning the consequences.

    There are many countless others that time would not permit one to recant here. And, in spite of all this, it is not impossible that all the public outcry and condemnation may yield nothing in terms of due punishment for these brazen thieves if the EFCC doesn’t desist from pandering to the games of these criminals. That is exactly what the theatrics over the Yahaya Bello matter is turning into. In fact, a newspaper report described it as “a Nollywood drama” after Olukoyede recounted his telephone conversations with Bello and how the tamed white lion demanded that the EFCC interrogators should come to his village in Kogi to ask him questions about how he spent Kogi State’s billions on himself and his lackeys. Isn’t that laughable? In any case, the point I am making is that Olukoyede need not join Bello in his delusional belief, which was propounded by a former governor who is now a big man in the Senate, that what money cannot buy, more money would buy. It is that belief that has drawn some hungry human rights activists and so-called lawyers to queue behind a man who is clearly afraid of his own shadows. If not, why was Bello scared of visiting the EFCC office to give accounts of his financial stewardship in Kogi State? Is he hiding something that we don’t know? For whatever it is worth, Olukoyede’s duty is to use all legitimate means to bring the man before the courts and get justice for the impoverished citizens of the state if indeed Bello invaded the treasury and stole it blind. If not, he may as well get a reprieve from the courts and seek damages for impugning his integrity, if there is any. Nigerians have had enough of the drama in which known Oyenusis get away with their loot and laugh at our collective idiocy. The EFCC needs to convince the citizens that it can put an end to the circus show under this administration. And, for now, that task is Olukoyede’s. Let him sit up and do the job without any needless drama or threat to resign!

  • No sacred cow in anti-graft battle, says EFCC boss

    No sacred cow in anti-graft battle, says EFCC boss

    There is now sacred cow and no hidden place for ‘mega thieves’ in the anti-corruption war, Economic and Financial Crimes Commission (EFCC) Chairman Ola Olukoyede said yesterday.

    He said the war against graft will continue to be “broad-based, holistic and unsparing of anyone linked with any form of economic and financial crimes.”

    The anti-graft agency boss said contrary to insinuations that the agency had focused only on internet fraudsters, it had in the last two months, re-arraigned some ex-governors for alleged corruption while in office.

    Olukoyede made the declaration in Abuja at an Anti-corruption Concert organized to create awareness and drive public involvement in the fight against internet crimes.

    A statement by the Head of Media and Publicity, Mr. Dele Oyewale, quoted the EFCC chairman as reaffirming his commitment to an all-embracing, fully-integrated war against corrupt practices.

    Olukoyede said: “We will not spare anyone.  We will not spare the mega thieves.

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    “As we are doing the mega, we will also do those at the lower end. In the last two months, we have arraigned two former governors.  So, it is not true that we are only focused on internet fraudsters.

    “Of course, internet fraud is bad enough but our focus is on every form of economic and financial crimes.”

    He warned youths against indulgence in internet-related offences because of the grave consequences of being convicted for such crimes.

    The EFCC boss said: “Youths need to know that being ex-convicts has career limitations.  Ex-convicts can’t run for public offices, the stigma alone is even terrible.

    “So, I urge you to avoid internet crimes by all means.  Your future is more important than any immediate gains from such crimes.”

    He reiterated that the EFCC under his watch remained deeply committed to giving youths a glorious and sustainable future.

    Olukoyede spoke of plans to establish “a Cyber Crime Research Centre is in the New Academy of the EFCC.”

    He said: “The Centre will involve youths in in-depth research about the issue of cyber crime. Their energies will be deployed towards profitable engagements”.

    Urging youths to embrace hard work and diligence, Olukoyede said: “The path of success is the path of hard work and dignity. There is dignity in labour.

    “Let’s come together. All of us must come together and agree that corruption is evil. Don’t’ leave the fight to EFCC alone.”

    Minister of State for Youth Development Ayodele Olawande enjoined youths to support the EFCC in its crusade against economic and financial crimes and other acts of corruption.

    He said: “Nigeria is supposed to have progressed more than this. We will not allow corrupt people to destroy our future.

    “That’s why we need to come together and fight this evil in our society; that’s why we need to continuously run this campaign because I am convinced that everyone has a part to play. Without you, there is little or nothing EFCC can do.

    “Let’s show the world that Nigeria young people are determined to change the narrative.”

  • Internal cleansing

    Internal cleansing

    It’s not just a new year for personnel of the Economic and Financial Crimes Commission (EFCC), the agency’s boss, Ola Olukoyede, promises a new way of working.

    In his New Year address, he warned the agency’s investigators against unprofessional conduct, particularly taking bribes. “I need to strongly reiterate the issue of discipline, integrity and sense of responsibility in the way we do our work,” he said.

    According to him, “Public opinions about the conduct of some of our investigators are adverse. The craze and quest for gratification, bribes and other compromises by some of our investigators are becoming too embarrassing and this must not continue.” He added that the image of the commission was “too important” to be put on the line by any corrupt officer.

    There is no question that the commission has an image problem, which the new boss seeks to address. When President Bola Tinubu appointed Olukoyede as the EFCC helmsman in October 2023, the administration described his role as an “important national assignment” towards “a newly invigorated war on corruption.”

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     The immediate past chairman of the agency, Abdulrasheed Bawa, had eventually resigned after the Tinubu administration suspended him “to allow for proper investigation into his conduct while in office.” The Federal Government said there were “weighty allegations of abuse of office levelled against him.”

    Notably, a former governor of Zamfara State, Bello Matawalle, not only made damning allegations against Bawa but also claimed to have damaging evidence. “He requested a bribe of $2 million from me and I have evidence of this,” he said.

    Also, anti-corruption crusaders in the country had alleged that, under Bawa, some of the commission’s officials simply negotiated with suspects, and engaged in corrupt bargaining for self-enrichment. 

    Olukoyede inherited “no fewer than 25 high-profile corruption cases involving former governors, ministers and senators,” according to an investigative report published in October 2023. The cases involve “not less than N772.2bn and another $2.2bn, alleged to have gone missing through money laundering, fund diversion and misappropriation,” the report said. Some of the cases seem interminable. It remains to be seen whether Olukoyede will do more than talk. 

    It is counter-productive for the country to have an anti-corruption agency that lacks credibility. This is why Olukoyede’s address is commendable.  The anti-corruption war cannot be won with corrupt fighters. The war demands credible combatants. Without credibility, the EFCC will be a caricature of an anti-corruption agency.  That isn’t what Nigeria needs to fight corruption, and win the anti-corruption war.

  • Counting the cost

    Counting the cost

    Corruption has serious consequences for the country, and the new chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, gave an insight into how corruption works against Nigeria’s development during his recent screening for the position by the Senate.

     He shared his thoughts on how he intends to fight corruption, saying, “I will do more in the areas of blocking the leakages. We spend more money fighting corruption when we could have spent less to prevent it.”

    He gave concrete facts and figures concerning a survey he did, which covered three years, 2018 to 2020. The picture was food for thought. “I picked just one scheme, one species of fraud, which is called contract and procurement fraud. I discovered that within the three years, Nigeria lost N2.9tn,” he narrated.

    “When I put my figures together, I discovered that if the country had prevented the money from being stolen, it would have given us 1,000 kilometres of road, it would have built close to 200 standard tertiary institutions; it would have also educated about 6,000 children from primary to tertiary levels at N16m per child.

    “It would have also delivered more than 20,000 units of three-bedroom houses across the country. It would have given us a world-class teaching hospital in each of the 36 states of the country and the federal capital territory.”

    Olukoyede inherited “no fewer than 25 high-profile corruption cases involving former governors, ministers and senators,” according to an investigative report published on October 22. The cases involve “not less than N772.2bn and another $2.2bn, alleged to have gone missing through money laundering, fund diversion and misappropriation,” the report said. Some of the cases seem interminable. Imagine how these humongous sums could have helped to develop the country, if they had not been stolen!

    In another striking instance, the then president of Nigeria, Muhammadu Buhari, in November 2019, had lamented that N1tr had been earmarked for constituency projects within 10 years without visible grassroots benefits.  National Assembly members in the period were to blame, according to an investigation. 

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     The then chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Prof. Bolaji Owasanoye, was quoted as saying, ”Constituency projects are intended to be developmental, such as provision of water, rural electrification, rural clinics, schools, community centres and bursary for indigent students.

     ”In the light of annual budgetary allocations to constituency projects and based on actual releases by the government, it is firmly believed that the impact of constituency projects on the lives of ordinary Nigerians ought to be more visible…The concern is that in Nigeria, rather than address the needs of constituents, many constituency projects have become avenues of corruption.”

    The Bola Tinubu administration, with its mantra of Renewed Hope, should not only count the cost of corruption but focus on winning the war on corruption.  

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  • Lawyers league urges Senate to confirm EFCC chair

    Lawyers league urges Senate to confirm EFCC chair

    • By Oluwatoyin Tajudeen 

    League of Patriotic Lawyers yesterday urged the Senate to confirm Ola Olukoyede as chair of Economic and Financial Crimes Commission (EFCC). 

     President, Abubakar Yesufu, told journalists in Lagos Olukoyede’s qualifications and training made him a round peg in a round hole.

     His words: “The nomination of Olukoyode by President Bola Tinubu is a breath of fresh air in the commission. We urge the Senate to confirm the appointment.

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    “With a lawyer at helm of affairs at the commission, the outfit would have a human face. The commission would be well-positioned. He would ensure crimes can be detected by the commission, thereby avoiding the task of prosecution, conviction and recoveries that are often involved in the attempt to sanitise the country of corrupt practices. 

     “This is why we enjoin the Senate to proceed and confirm the appointment and ignore ‘naysayers’ who are waving the flag of ‘non-qualification’ at this young, vibrant and dynamic EFCC chief.

     “Apart from ethnic balancing which Olukoyede is bringing to the equation as the first EFCC chair from the South, his qualifications, training and re-training show he’s a round peg in a round hole.

     “Olukoyede is a member of Institute of Arbitration in France. He is an alumnus of Kennedy School of Executive Education, University of Harvard, United States. He has over 22 years cognate experience as a regulatory compliance consultant and specialist in fraud management and corporate intelligence.”