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EFCC backs Student Loan, Consumer Credit with N100b
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Not less than N100 billion out of the recovered over N566 billion loot by the Economic and Financial Crimes Commission (EFCC), in the last two years has been pumped into the Student Loan Scheme and Consumer Credit Policy.
The two programmes are key electoral promises of the Bola Tinubu Administration, which are being fulfilled.
Besides, some of the recovered properties have been given to government agencies for use as offices.
EFCC Director of Media and Publicity, Mr. Wilson Uwujaren made these known yesterday while giving the two-year scorecard of the commission’s Chairman Mr. Ola Olukoyede in Abuja.
Uwujaren said: “Part of the funds recovered by the commission in the last two years was invested in critical social investment programmes: the Student Loan Scheme and the Consumer Credit Scheme. A total of N100billion of funds recovered by the commission was invested in these two schemes.
“Also agencies of government, including the Niger Delta Development Commission, NDDC, the Asset Management Corporation of Nigeria, AMCON, the Federal Inland Revenue Service, FIRS, and the National Health Insurance Authority, are beneficiaries of funds recovered by the Commission.
“A number of property recovered by the Commission have been allocated to some agencies of government for use as offices.
Apart from the recoveries, Uwujaren said the commission has done its best to stimulate the economy.
“The EFCC Chairman upon his appointment set up a Task Force on Naira Abuse and Dollarisation of the Economy, with presence across all our Zonal Directorates.
“ The Task Force went after currency racketeers and speculators, with the arrest and prosecution of some culprits. While the offensive against naira abuse improved public consciousness on proper handling of the naira, it may have also reduced the cost of currency management by the Central Bank of Nigeria.
“By the same token, the campaign against currency racketeering and criminal speculation, including the clampdown on rogue cryptocurrency exchanges helped to reduce the pressure on the naira, a situation that bolstered the CBN’s efforts to stabilise the Naira.
“One area where the Commission under Olukoyede has made great strides is in the fight against cybercrime. Apart from stepping up the Commission’s enforcement activities, the EFCC Chairman also ramped up public education and sensitisation activities intended to discourage the youths from engaging in cybercrime”, he said.
On discipline, Uwujaren said 55 officers of the EFCC have been dismissed in two years because Olukoyede has zero tolerance for unethical behaviours.
He said: “In 2024, the Commission announced the dismissal of 27 officers for various acts of misconduct. That number has since increased. A total of 55 personnel have been dismissed in the last two years for different acts of misconduct. Among them is a former officer in the Kaduna Zonal Directorate who tampered with items in the Exhibit Room. He was not only dismissed but is currently being prosecuted.”
He added that the commission received 19, 318 petitions and recovered over N566.9b and $411m in two years.
It also said the total forfeited real estate assets in two years were 1,502 properties.
For cases in court, it secured 7,503 convictions out of 10, 525 cases filed in court.
He said: “For most law enforcement organisations performance is frequently benchmarked on two critical scores: Records of convictions and recovery of proceeds of crime. On these two scores, the performance of the Olukoyede-led EFCC in the last two years is most inspiring.
“ The numbers speak for themselves on petitions, investigations and convictions. Between October 2023 and September 2025, EFCC received 19, 318+ petitions, investigated 29, 240 cases, filed 10,525 cases in court and obtained 7,503 convictions.
“From October to December 2023, EFCC received 3,594 petitions, investigated 3,747 cases, filed 2,064 in court and secured 826 convictions.
“As from January to December 2024, it was in receipt of 15,724 petitions, investigated 12,924 cases, filed 5, 081 cases in court and secured 4,111 convictions.
“Between January and September this year, EFCC carried out 12,569 investigations, filed 3, 380 cases in court and secured 2, 566 convictions. “
Uwujaren listed high-profile prosecutions in the last two years by Olukoyede administration.
He said: “Some of the notable arrests and prosecution for alleged corruption include former governors Willie Obiano of Anambra State, Abdulfatha Ahmed of Kwara State, Dairus Ishiaku of Taraba State, Theodore Orji of Abia State and Yahaya Bello of Kogi State. Others are former ministers: Olu Agunloye, former minister of Power, Mamman Saleh, former minister of Power, HadiSirika, former minister of Aviation, Charles Ugwu, former minister of Industry and Godwin Emefiele, former Governor of the CBN.
“ Another notable arrest and prosecution was the case of 792 investment and cryptocurrency fraud suspects apprehended in a sting operation in Lagos in December 2024. The syndicate included 192 foreigners, who have since been prosecuted for cyber-terrorism and cryptocurrency fraud and deported. This development conveys the message that Nigeria will not tolerate foreigners turning it to a safe haven for cybercrimes.”
“ Another interesting development in the prosecution of corruption cases under Olukoyede, is that cases thought to have been abandoned were reviewed and prosecutions revived. Among them are the cases of Fred Ajudua, former PDP Chairman, Haliru Bello Mohammed, former NSA, Sambo Dasuki, and former managing Director of NSITF, Ngozi Olojeme, among others.”
Regarding the recovery of proceeds of crime, Uwujaren said the commission has made substantial progress.
He said: “The EFCC in two years under Olukoyede recorded the following monetary recoveries: ●N566,319,820,343.40
●US $411,566,192.32
●British Pound £71,306.25
●Euro €182,877.10
●CAD $5,510.00
●Australian Dollar (AUD) AUD $740.00
●Chinese Yuan (¥) ¥89,859.00
●Indian Rupee (₹) ₹1,300.00
●CFA Franc (CFA) CFA 8,381,375.00
●UAE Dirham (AED) AED 70.00
●Saudi Riyal (SAR) SAR 310,265.00
●Ghanaian Cedi (GH₵) GH₵ 225.00
● South African Rand (R) R 50.00
● South Korean Won (₩) ₩73,000.00
“The total forfeited real estate assets in two years is 1,502 properties, comprising 402 in 2023, 975 in 2024 and 125 so far this year.
“The recovered properties include two notable landmarks: the final forfeiture of 753 units of duplexes in Lokogoma, Abuja and the forfeiture of Nok University, now Federal University of Applied Sciences, Kachia, Kaduna State.”
News
BUA Cement distributes N108m farm inputs to 211 Sokoto farmers
BUA Cement Plc has distributed agricultural inputs valued at over N108 million to 211 farmers from its host and resettled communities in Sokoto State under its Resettlement and Sustainable Livelihood Restoration Programme.
The initiative is targeted at farmers affected by the company’s quarry operations and is aimed at restoring livelihoods, improving agricultural productivity and supporting food production.
Speaking at the distribution ceremony, the Managing Director of BUA Cement Plc, Engr. Yusuf Binji, said the programme reflects the company’s commitment to sustainable community development and economic empowerment.
Represented by the Assistant Director of Corporate Services, Alhaji Sada Suleiman, Binji said the intervention was designed to help resettled community members rebuild their livelihoods through agriculture.
“We believe that supporting agriculture is one of the most effective ways of empowering rural households and improving their economic well-being,” he said.
According to him, the company is focused on creating sustainable opportunities for affected communities beyond compensation and resettlement.
He added that the intervention would help improve beneficiaries’ incomes while contributing to increased food production in Sokoto State and across the country.
The company’s Director of Health, Community, Safety and Environment, Engr. Ali Gumel, urged beneficiaries to make effective use of the farm inputs, noting that they had received training on their proper application.
He said the company expects the inputs to translate into higher crop yields, improved household incomes and sustainable agricultural development.
Also speaking, the Programme Manager of the Sokoto State Agricultural Development Programme (SADP), Alhaji Abubakar Danmaliki, described the initiative as an example of effective collaboration between the private and public sectors in promoting rural development.
He said the programme would support farmers in recovering from the challenges associated with resettlement while boosting agricultural output.
Danmaliki added that beneficiaries would continue to receive extension services and technical support to encourage the adoption of improved farming practices.
The company’s Social Performance Specialist, Alhaji Rabiu Maska, said the package included NPK, urea and liquid fertilisers, improved maize, sorghum, cowpea and groundnut seeds, as well as pesticides, herbicides and other farm inputs.
According to him, the intervention was tailored to meet the farming needs of the beneficiaries and improve their harvests.
Some of the beneficiaries commended BUA Cement for the support, describing it as timely in view of rising production costs.
They pledged to utilise the inputs for the intended agricultural purposes to maximise the benefits of the programme.
News
Gombe LG Polls: APC Sweeps All Seats
The All Progressives Congress (APC) has emerged victorious in all the 24 chairmanship seats and 240 councillorship positions contested in Saturday’s local government elections in Gombe State.
Chairman of the Gombe State Independent Electoral Commission (GOSIEC), Abdullahi Garba Talasse, who announced the results on Saturday in Gombe, declared that the ruling party won in all the local government councils and Local Council Development Areas (LCDAs) where elections were conducted.
Talasse described the successful conduct of elections in the newly created LCDAs as a milestone in the state’s democratic development, noting that Gombe had expanded from 11 local government councils with 114 councillors to 24 councils and LCDAs with 240 councillors.
He said the commission worked closely with the State House of Assembly to secure the legal backing required for elections to be held in the LCDAs.
“We did not struggle for the enabling law in vain. Today, we have successfully conducted elections across the 24 councils and LCDAs, which is a significant achievement for the state,” he said.
The GOSIEC chairman attributed the poor showing of opposition parties to their limited participation in the polls.
According to him, the African Congress (AC) fielded candidates in only three chairmanship contests, while the Democratic Liberation Alliance (DLA) contested in six councils.
He added that the New Nigeria People’s Movement (NRM), Youth Party (YP) and Zenith Labour Party (ZLP) each sponsored candidates in three chairmanship elections.
For councillorship positions, Talasse said AC contested in eight wards, while DLA, NRM, YP and ZLP each fielded candidates in 11 wards.
“That explains why some parties recorded zero votes in several areas because they did not participate across all the councils and wards,” he said.
Talasse explained that although chairmanship results were declared at the various local government collation centres, the commission considered it necessary to present a statewide summary to journalists, observers and the public.
“From the results before the commission, APC has won all the 24 chairmanship seats and all the 240 councillorship positions,” he declared.
He commended political parties, election observers, civil society organisations, security agencies and other stakeholders for contributing to the peaceful conduct of the elections.
The GOSIEC chairman also appreciated party leaders, government officials, non-governmental organisations and other guests from across the country who monitored the exercise, describing their participation as crucial to the success of the electoral process.
News
Ex-President Obasanjo Blames Greed, Carelessness For Global Warming
Former President of Nigeria, Olusegun Obasanjo, has attributed global warming to human greed, selfishness, and reckless exploitation of the environment, warning that such actions continue to disrupt the natural balance of the ecosystem.
Obasanjo made the remarks in Kano during an event organised in honour of former President of the Nigerian Bar Association, Abubakar Mahmoud, and his Environment and Sustainability Initiative and Trust Fund.
Speaking at the event, Obasanjo acknowledged the reality and growing impact of climate change, stressing that human activities remain a major driver of global warming.
“God created our world in balance, but we, as human beings, out of selfishness and carelessness, have done more harm than good to our environment, and we need to do more in the safekeeping of our environment,” the former president said.
Obasanjo also revealed that he has personally planted more than 3.5 million trees as part of efforts to combat climate change, stressing that protecting the environment is a collective responsibility and a global public good.
The Kano State Government commended the initiative and pledged its support to ensure its sustainability.
The Commissioner for Environment and Water Resources, Dahiru Hashim, described the initiative as a significant step towards environmental protection and sustainable development.
“In recognition of this laudable initiative, the Kano State Government has approved the donation of 10,000 seedlings for the Mahmoud Environmental and Sustainable Trust,” Hashim said.
In his remarks, Abubakar Mahmoud said the initiative seeks to promote environmental sustainability and preserve the ecosystem for the benefit of both present and future generations.
“I started a small project that has grown into something quite formidable, providing protection to villages around and to preserving various species of plants,so what we are trying to do is to continue with this legacy,” he said.
The event attracted several dignitaries, including the vice presidential candidate of the Nigeria Democratic Congress (NDC), Rabiu Kwankwaso, former chairman of the Independent National Electoral Commission (INEC), Attahiru Jega, officials of the Kano State Government, and other stakeholders.
Participants at the event called for deliberate and collective action to address climate change and environmental degradation.
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