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Jubilation as EFCC hands over recovered N42.5m to 70-yr-old widow
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By Prosper Olayiwola
It was jubilation as Mrs. Margret Taye Odofin, a 70-year-old widow and retiree was palpable on Thursday as she received officials of Economic and Financial Crimes Commission, EFCC in her home in Kaduna State for obvious reason.
The EFCC official came, armed with a a bank draft of N42,05 million (Forty-two Million, Five Hundred Thousand Naira) lost by the widow to a fraudulent account and investment officer, Mrs. Kehinde Olawale Yusuf, who worked in one of the new generation banks.
The fraudulent banker had ran out of the country after defrauding Mrs Odofin of the princely sum.
“I cannot believe this because when we reported this case in the United Kingdom where Mrs Kehinde Yusuf absconded, after defrauding me, they said the offence was committed in Nigeria, hence they advised that we report to it the EFCC, which we did and today I am singing to the glory of God because God has used the Commission to wipe away my tears. I have waited for years to get my hard-earned money back,” the over-joyed Odofin said while heaping thanks and praises on EFCC and its chairman Ola Olukoyede for the recovery of the fund.
This was after the Kaduna Zonal Directorate of the Commission led by its Acting director, Bawa Kaltungo handed over the bank draft to Odofin on behalf of EFCC’s Executive Chairman..
Kaltungo had reiterated the commitment of Olukoyede’s leadership in getting justice for victims of financial fraud while handing over the bank draft: “I want to sincerely appreciate you for having trust in the Commission to help you recover your hard-earned money. We are happy that we have convinced you of our professionalism and capacity to resolve any fraudulent activity within our mandate,” he said.
Responding, Mrs Odofin said: “I want to thank Mr. Ola Olukoyede for the excellent job he is doing. I will campaign for the EFCC anywhere because today they have given me every reason to believe and testify that the Commission is working sincerely. I pray for you all that you continue to succeed,” she said.
The recovery of the money followed a petition to the Kaduna Zonal Directorate of the EFCC in December 2024 by the widow in she alleged that Mrs. Yusuf, being her account and investment officer , had between November 2020 and December, 2020, lured her into investing in some ponzi businesses with a promise of a quarterly return on the investment of N1,700,000 (One Million, Seven Hundred Thousand Naira).
But she said unknown to her, the banker’s motive was solely to defraud her as she later.
Odofin said this became evident when she realized that the sum of N47 million had been creamed off her account and wired to various bank accounts without her permission.
Worse still, Mrs Yusuf cut off communications with her and fled to the United Kingdom after she made enquiries from her on the transactions.
However, her flight out of the country could not deter the EFCC from tracing and recovering the stolen monetary assets.
News
Why FCT can’t have state police — Senate
The Senate has explained why the Federal Capital Territory will not be included in the proposed state police structure, saying Abuja lacks the constitutional institutions required to operate one.
Chairman of the Senate Committee on Media and Publicity, Yemi Adaramodu, said the FCT has no governor or State House of Assembly and remains directly under the control of the Federal Government.
Adaramodu said the territory is administered by a minister who takes directives from the Federal Executive Council, while the National Assembly performs legislative functions for the FCT.
“I have heard many people raise a lot of questions on why the Federal Capital Territory is not among the plan for state police. The FCT issue is different. It is under the Federal Government,” he said.
He added that because Abuja does not have a governor or state legislature, it cannot operate under the same policing arrangement being proposed for the 36 states.
“The federal capital does not have an assembly. It is the National Assembly that legislates for the FCT. This is why it can’t be different from what the Federal Government does. Therefore, the federal police are in charge,” Adaramodu said.
The clarification comes as the Federal Government pushes ahead with plans for a new policing structure amid mounting calls for decentralised security across the country.
President Bola Tinubu is expected to receive the draft Executive National Policing Bill on September 3 as part of efforts to provide an operational framework for the proposed system.
Chief of Staff to the President and Chairman of the Presidential Working Group on the National Policing Bill, Femi Gbajabiamila, had also unveiled a public information portal through which Nigerians can submit memoranda and position papers on the proposal.
Under the constitutional amendments being considered, state Houses of Assembly would have powers to legislate on the establishment, administration, funding and oversight of state police.
States would bear the primary responsibility for funding their police formations, although the Federal Government could provide grants or assistance on the recommendation of the National Police Council and subject to approval by the National Assembly.
The FCT, however, would remain under the federal policing structure because of its unique constitutional status and direct administration by the Federal Government.
News
Gov Abiodun Commends Army, Police, DSS, Others for Intelligence-led Rescue of 5 Kidnapped Poly Students, 2 Others
Governor Dapo Abiodun of Ogun State has lauded the Department of State Services (DSS), the Nigerian Army, the Nigerian Police, as well as Civil Defence Corps (NSCDC), for rescuing five kidnapped students of Gateway ICT Polytechnic, Saapade, in Remo North Local Government Area of the state.
The students, who were abducted by suspected kidnappers earlier this week, were rescued in the early hours of Friday, in an intelligence-led operation around Alamala community, off Ayetoro Road Roundabout, of the state capital. Also rescued were two non-students.
The governor described the rescue as a major breakthrough in its fight against kidnapping, even as he reaffirmed his administration’s unwavering commitment to ensuring that kidnappers and other criminal elements have no hiding place in the state.
He described the operation, which included members of the State Security Network Agency (Amotekun Corps), local vigilantes and hunters, as a demonstration of the success that can be achieved when security agencies work together.
“One of the victims sustained a gunshot injury during the incident and was immediately evacuated for medical attention. The student has since been stabilised.
“This operation is still ongoing, and I wish to assure the good people of Ogun State that our security agencies remain on the trail of every individual connected with this criminal enterprise,” said the governor.
“Our resolve is very clear. Ogun State will remain hostile to criminality and safe for every law-abiding citizen, resident and investor,” the Governor declared, stressing that
According to him, recent joint security initiatives, particularly Operation Kò S’Áyé, have demonstrated the effectiveness of intelligence sharing, inter-agency collaboration and sustained operational pressure against criminal elements.
The governor also commended President Bola Ahmed Tinubu for his administration’s commitment to combating banditry, terrorism and kidnapping across the country, noting that the recent rescue of 308 abducted victims by Nigerian security forces underscores the growing effectiveness of coordinated security operations nationwide. (Reuters)
“At this juncture, I must acknowledge the purposeful leadership of President Bola Ahmed Tinubu, whose administration has placed the restoration of peace and security at the centre of Nigeria’s development agenda through sustained investment in the operational capacity of the Armed Forces and other security agencies.
“The strengthening of intelligence coordination, the acquisition of modern security assets and his deliberate reforms have continued to deepen inter-agency collaboration,” he said.
The governor further noted that the Federal Government has continued to strengthen the nation’s security architecture, adding that the recent approval of a substantial salary increase for officers and men of the Armed Forces would further boost personnel welfare and morale.
“One of the kidnapped victims sustained a gunshot injuries during the operation and was immediately evacuated for medical attention and has since been stabilised.” disclosed a security source.
News
Fresh Court Document Reveals EFCC Secured Order Freezing Three Osun Govt Accounts, Not One
A fresh court document obtained has revealed that the Economic and Financial Crimes Commission (EFCC) secured a Federal High Court order freezing not one but three bank accounts belonging to the Osun State Government over allegations of diversion of public funds and money laundering.
The newly obtained document shows that the anti-graft agency sought and obtained an ex parte order authorising the freezing of three allocation-related accounts pending the conclusion of its investigation and any subsequent prosecution.
The revelation comes amid mounting controversy over the commission’s action and a day after President Bola Tinubu directed the EFCC to immediately return to court to vacate the freezing order, describing its timing, coming days before the Osun governorship election, as “embarrassing” and capable of creating the impression of federal interference in the electoral process.
The order was granted on Tuesday, August 5, 2026, by Justice M. G. Umar of the Federal High Court, Abuja, in Suit No. FHC/ABJ/CS/1750/2026, titled In the Matter of an Application by the Executive Chairman of the Economic and Financial Crimes Commission.
According to the court document obtained, the EFCC asked the court to empower its Chairman, “or any officer authorised by him,” to direct the managing directors of the affected banks to freeze accounts listed in the schedule to the application.
The commission told the court the accounts were “currently being investigated in a case of Diversion of public funds and Money Laundering pending conclusion of investigation and prosecution.”
Justice Umar granted the application after counsel to the EFCC, M. A. Babatunde, moved the motion ex parte.
The court order covers the following accounts: Osun State Government Federal Allocation Account, domiciled with First Bank Plc, Account No. 2017170947; Osun State Joint Allocation Account, domiciled with Zenith Bank Plc, Account No. 1013374191; and Osun State Joint Allocation Account, domiciled with Zenith Bank Plc, Account No. 1014374909.
The application was supported by an affidavit sworn to by EFCC investigator Ikenna Chukwueze and an exhibit marked “EFCC 1.”
Justice Umar ordered that the freezing of the accounts should remain in force pending the conclusion of investigation and prosecution.
The court record was issued under the hand of the presiding judge, with Muazu Kasimu signing as Registrar.
The newly obtained document indicates that the scope of the court order is broader than previously known.
On Thursday, it was reported that President Tinubu directed the EFCC to immediately approach the court to vacate the freezing order and discontinue all related actions after expressing concern over the timing of the move ahead of the Osun governorship election.
The President said he was “deeply embarrassed” by the timing of the action, stressing that although the commission acted pursuant to a court order and within its statutory powers, the public would inevitably attribute the development to his administration.
Before Tinubu’s intervention, the EFCC had defended its action, saying it had been investigating the Osun State Government since March 2026 over the alleged fraudulent handling of Ecology Funds, Intervention Funds and Federation Account Allocation Committee (FAAC) allocations amounting to about ₦11 billion.
The commission said it sought the freezing order only after allegedly discovering what it described as “precipitate and unwarranted” movement of public funds into several corporate entities beginning on August 2, insisting the action was intended to prevent the alleged looting of public funds and was not politically motivated.
SaharaReporters also reported that the Osun State Government subsequently sued the EFCC, its Executive Chairman and First Bank of Nigeria, accusing the anti-graft agency of unlawfully freezing the state’s accounts for political reasons just days before the governorship election.
Court filings seen show the state argued that the Federal Statutory Allocation Account is used to pay salaries, pensions, contractors, healthcare, education, security and other essential government obligations.
The government contended that the EFCC’s action was designed to cripple its finances at a politically sensitive period and sought, among other reliefs, an order unfreezing the accounts and ₦2 billion in damages.
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