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Zamfara Civil Service reshuffled after memo leakage showing financing of terrorism, banditry

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By Ojomah Austin.

Zamfara State has been thrust into a maelstrom of political upheaval following the emergence of a leaked memorandum purportedly implicating senior government officials, including the Governor, in the financing of terrorism and banditry. This bombshell revelation has ignited widespread indignation and outrage, both domestically and internationally. The fallout from this explosive expose has led to an unprecedented and abrupt reshuffling of key civil servants across the state, in a move that has sent shockwaves through the bureaucracy.

Sources within the Zamfara State Government House have revealed that the Governor was visibly incensed upon learning of the leaked memo, which allegedly detailed financial transactions facilitating banditry and further entangling high-ranking government officials in the scandal.

At the epicenter of the Governor’s anger was reportedly the Commissioner of Finance, who, as the overseer of the state’s financial management, is responsible for orchestrating the movement of accounting staff within the bureaucracy.

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*A Strategic Move or A Defensive Maneuver?*

In an attempt to mitigate the fallout from the public embarrassment and intense backlash from international human rights organizations, Governor Dauda Lawal swiftly initiated a comprehensive reorganization of civil servants within the state bureaucracy, specifically focusing on the treasury department. This strategic move was formally communicated through a subsequent memo, meticulously outlining the extensive reshuffling of civil servants.

According to credible sources, the Governor’s office, in an unconventional and unexpected maneuver, sidestepped the Commissioner for Finance and instead entrusted the Head of Service, Ahmad Aliyu Liman, with the sensitive task of orchestrating the “special” redeployment of treasury staff.

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This unusual deviation from established protocol has raised eyebrows, sparking speculation about the motivations behind this decision and the extent of the Governor’s involvement in the treasury department’s affairs.

The follow-up memo obtained by our investigative team, with the reference number HOS/Z/844/VOL.III, outlines the redeployment of various senior treasury staff, including directors and deputy directors in key financial departments.

Here are some of the notable redeployments:

-Idris Bawa (GL-15): Moved from the Accountant General’s Office to a new post in the same office.

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Aminu Musa Gusau (GL-15): Shifted from the Sub-Treasury to become the Deputy Accountant General.

Isah Garba Nasarawa Godel (GL-15): Appointed Acting Director of Expenditure Control.

Shehu Balarabe Anka (GL-15): Moved to the IPPIS (Salaries) department as Acting Director of Funds.

The comprehensive reshuffling affected over a dozen senior civil servants, many of whom held critical positions in the state’s financial management and control systems. Sources inside the government claim that these postings are part of a broader move to sanitize the state’s financial sector in line with civil service reforms. However, the sudden nature of the redeployment raises questions about its true intent.

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*An Act of Reform or Damage Control?*

Interestingly, the Commissioner of Finance, typically entrusted with overseeing the assignment of accounting staff within the state bureaucracy, was conspicuously bypassed in this reshuffling exercise. According to well-placed sources, this decision stemmed from a profound lack of confidence in his office, coupled with deep-seated concerns that sensitive documents may continue to surface in the media.

The strategic redeployment of key financial personnel coincides with escalating suspicions that the Governor’s office is endeavoring to conceal the damning allegations outlined in the initial leaked memo.

While the government asserts that these personnel changes constitute part of comprehensive financial sector reforms, critics vehemently argue that the Governor’s true intention is to insulate himself from intensified scrutiny. The timing of this reshuffling has also raised significant concerns. If, as the Governor’s office maintains, the initial allegations of financial support to bandit leaders were entirely fabricated, it beggars the question: why the apparent haste to reassign key staff and prevent further leaks?

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The emergence of the leaked documents has galvanized international and local organizations to demand a thorough, impartial investigation into the state’s financial dealings.

 

*Zamfara’s Dark Web of Terrorism Links?*

Zamfara State’s troubles have intensified with the surfacing of fresh allegations linking Governor Dauda Lawal to Farouq Abdulmutallab, the infamous perpetrator of the 2009 ”ailed terrorist attack. Although the specifics of this purported link remain unsubstantiated, the mere mention of Abdulmutallab’s name in conjunction with Zamfara’s escalating crisis has significantly exacerbated suspicions of the Governor’s involvement in terrorism financing.

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Local leaders and astute political observers are gravely concerned that should these allegations be validated, Zamfara, already a volatile hotbed of banditry and insecurity, may descend into even greater instability.

The confluence of events – the leak of sensitive documents, the ensuing reshuffling of key personnel, and the Governor’s alleged ties to global terrorism – raises profoundly disturbing questions about the quality of governance and security apparatus in the state. The potential implications of these allegations are far-reaching, threatening to undermine the fragile stability of the region and perpetuate an environment conducive to terrorist activities.

 

*Political Fallout and the way Ahead*

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To date, the Governor’s office has remained conspicuously silent, failing to issue an official statement addressing the leaked memo or the recent reshuffling, beyond the dubious assertion that these measures constitute part of broader “civil service reforms.”

Nevertheless, pressure continues to intensify from diverse quarters, with numerous voices demanding the Governor’s immediate resignation and a comprehensive, impartial investigation into the financial transactions of the Zamfara State Government. The strategic redeployment of key treasury personnel may temporarily appease certain elements within the government, but it will do little to dispel the pervasive specter of alleged corruption and complicity in terrorist activities now hanging over the state administration.

As the situation continues to unfold, attention remains fixed on Zamfara State, with all eyes watching for developments.

The true intentions behind the government’s actions, whether genuine reform or an intricate cover-up will likely become increasingly transparent as investigations progress, shedding light on the veracity of the allegations.

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*The Unanswered Questions*

The question remains: if the initial memo alleging the Governor’s collusion with bandit leaders was indeed fabricated and tampered with, why the abrupt shift in focus towards preventing government document leaks, implicitly acknowledging the veracity of the prior accusations?

The swift reshuffling of civil servants and the deliberate bypassing of the Commissioner of Finance in this process betray a state of palpable panic and desperation, suggesting a frantic endeavor to reassert control and contain potential damage. This sudden and drastic action raises more questions than answers, casting doubt on the Governor’s professed innocence and fueling speculation about his actual involvement in the allegations.

The haste with which the Governor’s office has moved to reorganize key personnel and sidestep established protocols implies a profound sense of vulnerability, underscoring the likelihood that the initial memo struck closer to truth than initially acknowledged.

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The Governor of Zamfara stands at a precarious juncture, faced with a daunting decision that will determine the fate of his administration and the state’s role in combating terrorism. The recent reshuffling, ostensibly presented as a facet of civil service reform, appears to be a strategic maneuver aimed at mitigating the fallout from the damning allegations contained in the leaked memo.

As clamors for accountability intensify, both domestically and internationally, the leadership of Zamfara State teeters on the brink of collapse, its credibility severely compromised. The citizens of Zamfara have lost faith in Governor Dauda Lawal’s ability to ensure their safety and security, which now seems an elusive dream on the verge of extinction.

The state’s pleas for help have become a desperate cry, borne out of frustration and despair. The people’s aspirations for a leader who would usher in an era of peace and stability, freeing them from the scourge of insecurity, have been cruelly dashed.

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The lingering questions remain: Will terrorism ever be eradicated in Zamfara State? Will a worthy leader emerge to rescue its people from this abyss of fear and uncertainty?

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Sterling Financial Bucks Banking Slump, Emerges Among NGX’s Top Gainers

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By Gloria Ikibah

Sterling Financial Holdings Company Plc defied the broader downturn in the banking sector on Thursday, with its shares rising 6.67 per cent to close at ₦8.00, placing the company among the top-performing stocks on the Nigerian Exchange (NGX).

The impressive performance came on a day when the NGX Banking Index fell by 2.04 per cent and the broader equities market extended its losing streak for a second consecutive trading session.

The company’s shares finished third on the day’s gainers’ chart, contrasting sharply with the wider market, where investors continued to take profits following July’s rally.

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Market data showed that the NGX All-Share Index declined by 0.7 per cent, while losers outnumbered gainers by more than two to one. Over the two trading sessions, approximately ₦1.65 trillion was wiped off the total value of listed equities.

Despite the market pressure, Sterling Financial attracted sustained investor interest, with 36.01 million shares valued at about ₦286.8 million exchanged during the day’s trading.

The strong market performance followed the Group’s recently released half-year financial results, which showed a 20.4 per cent increase in profit after tax to ₦50.3 billion, alongside continued growth in customer deposits and total assets approaching the ₦5 trillion mark.

The Group also strengthened its capital position during the period through a successful ₦96.6 billion public offer, which increased shareholders’ funds by 27.8 per cent to ₦547.7 billion, providing additional capacity to support lending and business expansion.

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Sterling Financial’s financial performance was further underpinned by improved earnings from its core operations. Net interest income rose by 41 per cent to ₦137.4 billion, while return on average equity stood at 20.6 per cent. Return on average assets also improved to 2.35 per cent from 2.05 per cent recorded in the corresponding period of the previous year.

Industry analysts attributed the stock’s resilience to the company’s strong earnings performance, strengthened capital base and diversified business model, which have continued to bolster investor confidence despite prevailing market volatility.

Sterling Financial operates as a diversified financial services holding company with interests spanning commercial banking through Sterling Bank, non-interest banking under The Alternative Bank, and wealth management services through SterlingFI.

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Access Bank Dismisses Fake Shutdown Report

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…warn against spreading false information

By Gloria Ikibah

Access Bank Plc has dismissed as false and misleading a viral message circulating on social media and WhatsApp claiming that the bank has shut down operations, assuring customers and stakeholders that it remains financially strong and fully operational.

In a disclaimer issued on Friday, the bank said the message, which falsely impersonates its official communication channels, was deliberately designed to mislead the public and create unnecessary panic.

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The bank reassured customers that all its branches and subsidiaries remain open for business, with banking services continuing without disruption.

“A message impersonating Access Bank’s official handle is currently circulating on social media and WhatsApp. It is false and misleading.

“We wish to reassure our customers, partners, stakeholders, and the public that Access Bank is safe, financially strong, and fully operational across all our subsidiaries. Our services continue to run seamlessly, and we remain committed to serving our customers with the highest standards of excellence”, the statement read.

The management said it had commenced efforts with security and regulatory agencies to trace those behind the false publication, warning that those responsible would face legal consequences.

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“We are working closely with the relevant regulatory and law enforcement authorities to identify those responsible for creating and spreading this false information to cause panic and business disruption. Appropriate legal action will be taken in accordance with applicable laws and regulations”, it stated.

Access Bank also reminded the public that the deliberate creation and dissemination of false information capable of causing public alarm or undermining confidence in institutions is a criminal offence under Nigeria’s cybercrime laws.

“We also remind members of the public that creating, publishing, and disseminating false information capable of causing public alarm, damaging reputations, or undermining confidence in institutions constitutes an offence under Section 24 of the Cybercrimes (Prohibition, Prevention, etc.) (Amendment) Act, 2024”, it added.

The bank urged customers and the general public to disregard the viral message and avoid forwarding unverified information, advising them to rely only on updates issued through its official and verified communication channels.

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The management expressed appreciation to customers, partners and other stakeholders for their continued confidence in the institution.

“If you receive a false and misleading message, please do not share or forward it. Instead, disregard it and rely only on information communicated through Access Bank’s official and verified channels.

“We thank our customers, partners, and stakeholders for their continued trust and confidence in Access Bank”, the statement further read. 

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Sterling Financial Posts 20% Profit Growth, Assets Approach N5tn in Half-Year Results

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By Gloria Ikibah

Sterling Financial Holdings Company Plc has reported a strong financial performance for the first half of 2026, posting a 20.4 per cent increase in profit after tax as the Group’s total assets climbed close to the N5 trillion mark.

The unaudited results for the six months ended June 30, 2026, released on Thursday, showed broad-based growth across major financial indicators, driven by higher interest income, an expanding loan portfolio and sustained growth in customer deposits.

The Group recorded gross earnings of N279.6 billion, representing a 31.5 per cent increase over the corresponding period in 2025. Interest income rose by 33.7 per cent to N223.6 billion, while net interest income increased by 41 per cent to N137.4 billion.

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Non-interest income also grew by 23.3 per cent to ₦56 billion, supported by stronger fee income and improved earnings from other operating activities.

Sterling Financial’s balance sheet also recorded significant growth during the period, with total assets rising by 19.3 per cent to N4.67 trillion, while customer deposits expanded by 21.1 per cent to N3.62 trillion, reflecting continued confidence in the Group’s banking operations.

Profit before tax increased by 21.9 per cent to N55.5 billion, while profit after tax rose by 20.4 per cent to N50.3 billion.

The Group also improved its profitability ratios, with return on average equity standing at 20.6 per cent, while return on average assets improved from 2.05 per cent to 2.35 per cent.

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Shareholders’ funds grew by 27.8 per cent to N547.7 billion, largely driven by the successful N96.6 billion public offer through which the company raised capital from the issuance of 13.8 billion ordinary shares.

The company also disclosed that its share price had appreciated by more than 15 per cent since the beginning of the year, reflecting stronger investor confidence ahead of the release of its half-year results. Basic earnings per share stood at 77 kobo, reflecting the enlarged share capital following the public offer.

Sterling Financial attributed the performance to ongoing investments in technology and operational efficiency across its subsidiaries, including Sterling Bank, AltBank and SterlingFI.

According to the Group, the modernisation of its technology infrastructure and operating model has improved service delivery, enhanced operational efficiency and strengthened its capacity to support increasing customer activity while maintaining prudent risk management.

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The company expressed confidence that its strengthened capital base, expanding deposit base and diversified earnings would position it for stronger growth in the second half of the year.

It noted that the additional capital would continue to support lending to productive sectors of the economy while enabling the Group to sustain long-term value creation for shareholders.

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