NGO urges EFCC to probe management of defunct Afribank

According to the group which is calling for the prosecution of the top management of the failed bank, EFCC should revisit the case in line with the present administration’s zero tolerance for corru[tion. The group in a press statement signed by its Executive Director, Aliyu Ibrahim, stated that the only way the anti-graft body could assist the shareholders who are already counting their losses is to ensure that those responsible for the collapse of the bank are brought to book in line with the present administration anti- corruption stand. The statement reads in part: “We wish to address you gentlemen of the press today as a responsible and responsive civil society organization on behalf of the helpless and seemingly hopeless shareholders of the defunct Afribank Plc whose investment in the shares of the bank has been hanging since the collapse of the bank in 2009 occassioned by alleged financial misappropriation and fraud by the erstwhile executive directors of the said bank. “Gentlemen of the press you would recall that sometime in 2009 the economic and financial crimes commission began the prosecution of members of the management staff of the bank over alleged complicity in the issue of financial dealings that led to the collapse of the bank. “We also recalled that we have written a letter of petition to the current chairman of EFCC dated 31st of July, 2015 and a copy of it published in an advertorial in the Nigerian Tribune of Monday 3rd August, 2015 requesting for the Chairman of the commission to revisit the matter with a view to properly investigate the matter and begin a fresh prosecution in the general interest of justice and particular interest of the shareholders who are already counting their losses. “We therefore use this medium to call on the leadership of EFCC to immediately look into the matter. “It is also worthy of note to state that the current administration under the astute leadership of President Muhammodu Buhari has promised a zero tolerance to corruption, a feat we hope the EFCC will uphold in order to support the objectives of government as it relates to corruption.”]]>

Top News

Metro News

FAAC allocates N616.19bn to FG, states, LGs for April

The Federation Account Allocation Committee on Tuesday night distributed the sum of N616.19bn from the federation account to the three tiers of government as...


Nigerian Parliament



NASS Leadership: Secret Vs Open Ballotby Michael Jegede

Soon after the 2019 presidential/National Assembly elections, the battle for the seats of presiding officers for the ninth Assembly began in earnest, with elected...

Why The Heat, Can A Man Be R*ped Under Our Nigerian...

Series of arguments abound and this has caused much heat as to whether a man can be raped under our current Nigerian Laws.  A...


Business News

Business News

Government Policies

Election Tribunal

Law Enforcement Agencies

International News


Subscribe ToTheNigeriaLawyer News!