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Re:  EFCC:  Beyond  Asset Recovery

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By Dele Oyewale

 

The Punch Editorial of October 30,  2025 on the anti- corruption fight  in Nigeria lacks objectivity and adequate understanding of the issues involved in the fight against graft in Nigeria.  The open caricature of the asset recovery efforts of the Economic and Financial Crimes Commission, EFCC,  is particularly worrisome. 

 

Across the world, asset recovery remains a potent weapon against fraudulent and corrupt practices.  There is no better tool  for disarming,  disrupting and defeating illicit acquisitions than depriving the corrupt of their proceeds of crime.

 

The World Bank and the United Nations Office on Drugs and Crime,  UNODC, are so enamoured of this framework that they continue to promote the Stolen Asset Recovery Initiative,  StAR,  across the world.  As far as the two global bodies are concerned,  asset recovery builds strength against corruption,  impunity and primitive acquisition of wealth.

 

Describing the efforts of a Commission that energetically recovered N566 billion and $411 million and 1,502 non-monetary assets and other sterling recoveries, within two years of its Executive Chairman,  Ola Olukoyede’s appointment,  as a ” narrative painted in triumphant strokes”, is uncharitable and belittling.

 

What would Punch have preferred: allowing the corrupt to continue enjoying the spoils of their brigandage? What end is served in glossing over the developmental needs which  the recovered assets are already meeting across the country,  like the NELFUND and CREDIT CORP,  because the  “identities of the culprits, the scale of the net cast, and the unyielding pursuit of justice” is not yet in place?  Would Punch had referred the Commission to Look the other way and allow 7,503 convicts continue to ply their fraudulent businesses until the  “untouchable titans who siphon billions from public coffers” are convicted?

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Commentaries on the scorecard of the EFCC are quite significant but they must be couched in objectivity,  deep reflection,  broad- based analyses and global referencing.  There is no anti- corruption agency elsewhere in the world    that made a record arrest of 792 suspected fraudsters in one single operation. There is no other location on planet earth where 753 unit of duplexes and other apartments are uncovered and forfeited to the government.

There is no record of another nation around the globe that deported 192 fraudsters arrested and convicted on the wings of the same offence.  These milestones failed to impress The Punch, because ministers and governors are missing in the list of convicts!

Blaming the  delay in the resolution of corruption cases,   pardon of convicted Nigerians anchored on presidential prerogative of mercy  and other extraneous matters  on the EFCC,  is blaming a priest for inadequate rainfall or the cloudy countenance of the sky.

Taunting  Mr. Olukoyode over the progress of the Yahaya Bello matter is petty and mischievous. There is no promise made by the Executive Chairman in that case that he has not fulfilled! He  has fulfilled his vow to arrest and prosecute the former governor. The case is now before the court. What else does Punch expect Olukoyede to do, grab Bello and dump him in jail without recourse to the judicial process?

The hubris in the editorial appears disguised to deny the EFCC its flowers. The same newspaper that is riling the Commission for failure to jail all politically exposed persons had in its editorial of June 10, 2025, entitled, Corruption: Speedy trials needed, not rhetoric, chronicled the issues preventing the expeditious determination of corruption cases in court.

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The trigger for that editorial was the conviction of two oil marketers, Mamman Ali and Christian Taylor whose trial lasted 14 years, for N2.2billion oil subsidy fraud.

 

Punch conveniently ignores the fact that EFCC did not arrest Ali and Taylor from a Cybercafé! And, referencing Cybercafé as hideouts for internet fraudsters in a digital age, is a clear indication that the newspaper is out of tune with the shifting dynamics of cyber-criminality.

 

Admittedly,  there are still grounds to cover in breaking the siege of corruption in Nigeria.  However,  the steady and consistent breakthroughs of the EFCC in weakening and withering the acidic layers of graft across the country, deserve a second look.  Just a few days ago,  the Financial Action Task Force,  FATF,  removed Nigeria from the infamous grey list.   This, certainly,  did not come without the redoubtable efforts of the EFCC.

Again,  is Punch not aware of this? If other nations are commending Nigeria for its solid anti- corruption architecture, it is perplexing that a respectable medium like Punch will queue behind cynics who never see anything good in the  efforts of the EFCC?

Detractors of the anti- corruption works are hell-bent on pulverising the commitment of the Commission in tackling internet fraud and associated infractions.  However,  it is the same genre of fraudsters that are attacking critical sectors of the nation’s economy especially the financial sector and worsening  the global perception of Nigeria regarding corrupt tendencies.

See also  EFCC arraigns hotel manager for alleged N19m fraud

 

Internet fraud is regarded as the ” Nigerian scam” around the world.  This ugly labelling is mostly responsible for Nigeria’s unimpressive ranking on the Transparency International Corruption Perceptions Index.  The world feels the migraine of internet fraud like cancer,  yet,  the EFCC’s handling of the crime is seen as an overkill.  What, then,  should the Commission do in this circumstance?

 

In the last two years, through the passionate efforts of the Commission, the preventive framework of tackling corruption has taken a firm root.  The nation has been saved a humongous amount of money through this modality.  Olukoyede’s Department of Fraud Risk Assessment and Control,  FRAC,  is an idea that is gaining flesh and breaking bones of graft.  This new thinking is the route the world is taking to defang corruption.  The Commission is focussed on this and will not be deterred in consummating it.  An Editorial not sensitive to such new thinking may not be socially- beneficial.

 

The Punch knows better than to charge the Commission to be “prosecuting the untouchables with swift, transparent fury” because its mandate does not allow it to do the work of the judiciary.  It also does not allow it “institute safeguards against unjust pardons”  because it is not within its powers to do so.   In the final analysis,  truth, like the proverbial water, will one day find its own level.  Nigeria is surely better and stronger with the EFCC.

 

Oyewale is Head,  Media & Publicity of the EFCC.

 

Opinion

President Tinubu at Three: Advancing skills development, strengthening TVET and building a globally competitive Nigeria

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As President Bola Ahmed Tinubu marks his third year in office, Whitecloud TVET Solutions Limited joins millions of Nigerians in reflecting on the progress made in critical sectors that drive national growth, particularly Technical and Vocational Education and Training (TVET), skills development, and human capital advancement.

Over the past three years, the administration has demonstrated a growing commitment to repositioning skills acquisition as a cornerstone of economic development, youth empowerment, job creation, and national productivity. At a time when nations across the world are investing heavily in human capital, Nigeria has continued to take strategic steps toward equipping its citizens with practical, industry-relevant skills needed to thrive in the modern economy.

One of the most remarkable developments within the nation’s skills ecosystem has been the increasing attention given to Technical and Vocational Education and Training. Through policy reforms, stakeholder engagements, and institutional support, TVET is gradually gaining the recognition it deserves as a vital pathway to employment, entrepreneurship, innovation, and sustainable development.

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Particularly commendable is Nigeria’s growing engagement with WorldSkills International, the global movement dedicated to promoting excellence in vocational, technological, and technical skills. Nigeria’s participation in the WorldSkills community represents a significant milestone in the nation’s journey toward global competitiveness.

Beyond membership, it opens opportunities for Nigerian youths to benchmark their competencies against international standards, participate in global skills competitions, foster innovation, and showcase the immense talent and potential that exists within the country.

WorldSkills serves as a platform where nations prepare their workforce for the future, and Nigeria’s involvement reflects a deliberate commitment to producing a generation of highly skilled professionals capable of competing and excelling on the world stage.

This achievement aligns with the broader vision of creating a workforce that is not only employable but also globally relevant.

We also acknowledge the efforts of the Federal Ministry of Education in driving reforms within the TVET sector. The establishment of strategic committees and frameworks under the leadership of the Federal Ministry of Education under the leadership of the Honourable Minister of Education, Dr Maruf Olatunji Alausa has further strengthened coordination, stakeholder engagement, and implementation of policies aimed at transforming skills development across the country.

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Equally worthy of recognition is the pivotal role being played by the Industrial Training Fund (ITF) under the leadership of its Director-General, Dr. Afiz Oluwatoyin Ogun. Through various initiatives focused on vocational training, apprenticeship development, workforce readiness, and industry-driven capacity building, the ITF has continued to bridge the gap between education and industry while supporting the Federal Government’s vision of building a skilled and productive workforce.

The renewed emphasis on practical skills acquisition, digital competencies, entrepreneurship, and industry partnerships has created new opportunities for young Nigerians to acquire relevant knowledge and become active contributors to the nation’s economic transformation.

As a leading organization committed to skills development and technical education, Whitecloud TVET Solutions Limited recognizes these achievements as important building blocks toward a more prosperous and self-reliant Nigeria. We remain committed to supporting government efforts, collaborating with industry stakeholders, and providing world-class training that equips Nigerians with the competencies required for success in today’s rapidly evolving world.

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As President Bola Ahmed Tinubu celebrates three years of leadership, we congratulate him on the progress recorded in advancing skills development, strengthening technical education, and laying the foundation for a more competitive and economically resilient nation.

We also commend all stakeholders, institutions, development partners, and industry leaders who continue to contribute to the growth of Nigeria’s TVET and skills ecosystem.

Together, we can build a nation where skills drive prosperity, innovation fuels growth, and every Nigerian has the opportunity to realize their full potential.
Congratulations, Mr. President, on three years of purposeful leadership and commitment to national development.

Signed
Mr. Jasper Oluranti Netufo
Chairman/CEO
Whitecloud TVET Solutions Limited

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Opinion

The Shame of Afe Babalola Way: Why Ekiti and Abuja Must Fix This Road Now

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By Sola Ajisafe, Esq

I was at Afe Babalola University, Ado Ekiti, yesterday for an important function. I felt proud of what one man can do, and angry at what government has failed to do.

The Ado/Ijan Road, now known as “Afe Babalola Way,” is an eyesore. It serves a Federal Polytechnic, a world-class private university, the Ekiti Golf Club, an agricultural settlement, and multiple government establishments. Yet neither the Federal Government nor the Ekiti State Government has treated it as a priority. For 16 years since ABUAD was established, this critical corridor has been left to rot. This is not just bad infrastructure. It is ingratitude.

Chief Afe Babalola, SAN, is Ekiti’s most significant living contribution to Nigeria and the world. A local boy who conquered the legal profession and was recognized by leaders, including Queen Elizabeth II. At 97, he has built what no government in Nigeria has matched.

Over the past sixteen years, he has created employment and opportunity on a scale that rivals the state itself. ABUAD currently employs more than 2,500 academic and non-academic staff, with over 5,000 additional support staff working as cleaners, artisans, drivers, farm hands, and others. That employment base has turned the institution into one of the largest private employers in Ekiti.

The university’s impact has not gone unnoticed. It has been ranked No. 1 in Nigeria by Times Higher Education for four consecutive years, 2022 to 2025, No. 3 in Africa, and No. 84 globally on impact ratings. Those rankings reflect not just academic output but the university’s role in advancing healthcare, research, and community development.

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In healthcare, ABUAD operates a Multi-system Hospital ( AMSH) that has become a referral center for the country. The hospital runs an MRI unit, CT-Scanners, Digital X-Ray machines, 17 dialysis machines, and has performed over 400 dialysis procedures. Just two weeks ago, more renal transplants were successfully performed to make a total of 50 renal transplants carried out without complications for donors or recipients in ABUAD. The center also performs cardio-thoracic surgeries and runs an IVF clinic.

Beyond the hospital, Chief Afe Babalola established the Afe Abiye free antenatal program for women in Ekiti State, a model similar to Ondo’s Mother and Child scheme, ensuring that thousands of women receive care without cost. He also established two hospital annexes at Odo Ado( Girigiri) and Basiri all within Ado Ekiti.

His philanthropic contributions to Federal Polytechnic, Ado Ekiti and Ekiti State University coupled with yearly empowerment programmes for Ekiti State farmers, traders, artisans and scholarships for students are monumental.

Where government infrastructure has failed, ABUAD stepped in. The university runs an independent power plant not connected to the national grid, and a private dam that meets the water needs of the university and its farm. It also operates an industrial park with space for 126 factories, and a fully integrated farm that produces vegetables, fruits such as pepper, mangoes, papaya and tomatoes, livestock including birds, fish and other animals, and processed products like flour, cassava, plantain, rice, pepper, and cashew nuts for local consumption and export. The farm even has its own feed mill for livestock, and the institution is involved in recycling to sustain its operations.

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The economic multiplier effect is evident. ABUAD attracts students from all 36 states and the FCT, as well as from countries including the US, China, and across Africa. To further open up the State, Chief Afe Babalola personally contributed N2 billion for landing equipment at the newly established Ekiti Cargo Airport and N450 million for the construction of its current car park.

This is what one man did for Ekiti without waiting for Abuja or Ado Ekiti. He even provided his house as the take-off administrative office for the State university at inception.

And what did Ekiti and the Federal Government do in return? They left the road to his university unmotorable.

Governor Biodun Oyebanji is widely regarded as an Omoluabi. Unlike two of his predecessors, he has publicly shown respect for Chief Afe Babalola, prostrating for him in line with Yoruba ethos. But respect without action is empty. Governor Oyebanji recently delivered a lecture at ABUAD, yet avoided the Ado/Ijan Road entirely and came through the bypass. That tells you everything.

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President Bola Tinubu is an alumnus of ABUAD, having received an honorary doctorate from the university. The Federal Ministry of Works claimed to have awarded the road two years ago, then passed it to FERMA. Since then, silence. Nothing has been done.

So I ask; How does a country honor its heroes while they are alive? The best gift Ekiti State and the Federal Government can give Chief Afe Babalola at almost a century is not another plaque or title. It is to fix the 8.5km road that bears his name so he can drive on it, and so the students, patients, staff, and investors who keep ABUAD running don’t destroy their vehicles and waste their lives in traffic and dust.

Anything short of immediate resumption and completion of work on this road is a dent on Governor Oyebanji and Minister David Umahi. It tells the world that Nigeria celebrates its builders only in speeches, not in deeds.

Ekiti opened its doors to the world because of ABUAD. The least the world can expect in return is a road that works.

Fix Afe Babalola Way. Now. While the man can still see it.

Oloroogun Sola Ajisafe, Lawyer/Journalist. He is from Oka Akoko, lives and practices law in Akure, Ondo State.

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Opinion

Hisbah, Alcohol, VAT: An Unpopular Opinion

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Bamidele Johnson

VAT does not know who drinks what. Every time news breaks of Hisbah, Kano State’s moral police, smashing bottles of beer, millions of people, mostly in the South, erupt in rage.

Band A rage, that is. Most of the anger, I believe, is expressed by people who identify as Christians and who see the Muslim North as bad news.

The comment sections, especially on Facebook, burn hottest. The question that comes up again and again is why should states that ban the consumption of alcohol receive VAT from alcohol? I used to think this was a clever gotcha, but I no longer do. The argument rests on a moral instinct that feels good but dissipates in the face of law, economics, or basic fairness.

The claim is simple. If some states ban alcohol and even use religious agencies to seize or destroy it, they should not benefit from VAT generated from alcohol produced elsewhere. It sounds like justice. It is not. It is fiscal confusion. I do not expect this view to be popular with the permanently enraged.

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VAT is not a prize awarded to states that host certain industries, but a national consumption tax collected by the Federal Government and shared using agreed constitutional formula.

Once collected, the money loses memory of its origin. It stops being alcohol VAT, gambling VAT, pork VAT, nightclub VAT or interest-based banking VAT. It is just VAT.

This debate is often framed as entitlement. If you ban alcohol, you should not “chop” alcohol money. I do not think states with Hisbah and other agencies that convulse at the thought of liquor are taking alcohol money. What they receive are statutory allocations from a common pool to which all parts of the federation contribute in different ways.

No state earns VAT by permission. None. Every state receives VAT by membership; because Nigeria exists as one fiscal unit.

There is also the small matter of selective memory. If moral purity is the standard, alcohol cannot be the only issue. VAT also comes from gambling, interest-based banking, insurance tied to interest and uncertainty, pork-based food items, nightclubs, adult entertainment, lottery and media content that would give religious leaders across faiths fits.

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Southern states do not reject VAT because some of it comes from predatory loans, betting apps, pornography-adjacent entertainment or music and films churches regularly denounce. Moral filtering becomes impossible once the lens widens.

The argument also ignores economic reality. Citizens of states with alcohol aversion and moral police pay VAT outside their states every day. They travel, trade, bank, rent homes, insure assets, borrow money and work across Nigeria.

VAT is paid at the point of consumption, not at that of belief. A trader buying goods in Onitsha or a traveller spending in Lagos pays VAT regardless of what their home state bans. To deny their states a share is to believe that the economy stops at state boundaries.

The noise around Hisbah and smashed beer bottles, while emotionally powerful, is a distraction. Destroying alcohol within a state is an internal regulatory choice that has nothing to do with national revenue sharing.

A state can ban an activity locally without losing access to federal resources generated nationally. There is also an uncomfortable undertone that deserves honesty.

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The Southern position suggests that religious difference should determine fiscal worth and that some Nigerians deserve less because their moral codes are stricter or simply different. Once accepted, that idea does not stop at alcohol. It starts asking who truly belongs and on what moral terms. That is no fiscal argument.

If we believe Nigeria should abandon pooled revenue and adopt strict derivation, the honest path is to argue for full constitutional restructuring and fiscal federalism across all sectors.

It is weak to single out alcohol and gambling as a special moral exception while enjoying the same system everywhere else.

VAT is not a moral endorsement of how other Nigerians live. It is the price of sharing a country. Sharing a country means no group gets to redesign the national revenue framework in the image of its own theology after the money has already been collected.

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