Business
Curbing The Menace Of Campus Cultism
Besides decrepit facilities
and general appalling fall in the standard of education, the most essential problem facing tertiary institutions in Nigeria today is the problem of cultism. There is hardly any existing single institution of higher learning in the country that has not experienced the menace of cultism at one time or the other.
The Free English Dictionary defines cultism as a religious belief generally considered to be extremist or false, with its followers often living in an conventional manner under the guidance of an authoritarian and charismatic leader.
The cult itself, according to Longman Contemporary Dictionary, is a group of people with a religious, philosophical or cultural identity sometimes viewed as a sect, often existing on the margin of society and exploitative towards its members.
Studies have shown that cult is an enclosed organised group devoted to a certain cause or belief, whose activities are exclusively kept away from the knowledge of others. Its policies, constitution, membership and modus operandi are carried out in secret, mostly at odd hours, and often clash with the values of everyday life. Members of this group always commit themselves to oath taking and allegiance which serves as their strong bond.
In a nutshell, cultism can be defined as a ritual practice by a group of people bonded by oath or allegiance, whose membership, admission, initiation, policy, motive and mode of operation are kept secret, with their activities having negative effects on both members and non-members alike.
The origin of campus cultism dates back to 1952 when Wole Soyinka (now a Nobel Laureatte and Professor of Literature) and a group of six other students formed the Pyrates Confraternity at the premier University of Ibadan. The group was established with the noble aim of protecting the interest of indigent students against the oppression of the elite students, as well as fighting against the injustice being melted on students by lecturers and school authorities.
It was observed then that the University was populated by children of the elite who oppressed their indigent counterparts with their social status and ostentatious lifestyle that were then associated with the colonial masters.
For almost 20 years, studies show that the Pyrates Confraternity was the only cult group on Nigerian Campus. However, due to doctrinal differences and the inability of many intending members to meet the required standard of the Pyrates, other groups such as Buccaneers, Vickings, Mafia, Eiye Confraternity, Black Axe sprang up. Since then, the number of cult groups in campuses has swollen up.
Today, there are dozens of cult groups, even female ones, in various tertiary institutions across the country, bearing different names such as Black Cats, Trodjan Horse, Black Panthers, Black Scorpions, The Executioners, Black Beret, the Twelve Disciples, White Angels, Amazons, Daughters of Jezebel, Black Brassieres, among others.
Regrettably, what started as an innocuous students pressure group in 1952 has metarmorphosed into a dangerous sect that now menaces all campuses of tertiary institutions in the country. The core reason for establishing the first campus cult group in Nigeria, which is the Pyrates Confraternity otherwise known as Association of Seadogs has been jettisoned. Mindless bloodletting, rape of female students, intimidation of lecturers for good grades, examination malpractices etc are now associated with campus cultism.
The activities of cult groups on campuses are, however, without fatal consequences. For instance, few months ago, the lives of four students of the Abia State University, (ABSU), Uturu, were cut short during a clash between two rival cult groups who were entangled in supremacy battle. One of them, a 24 year old final year student, was the only male child of a prominent Nigerian.
A similar cult clash resulted in the death of a final year student of Law at the Imo State University, sometimes ago. The student (name withheld) who was alleged to be a member of a cult group was felled on the day of his final examination by a rival cult group which was said to have been on his trail.
Meanwhile, many students have been expelled from school due to their involvement in cultism.
In spite of this sanction and various evils associated with cultism in tertiary institutions, the menace has continued to fester like wounds.
Various researches have shown that students find cultism fashionable for various reasons. These include the followings:
Search for Needs and Aspirations: The Tide’s investigation shows that many students engage in cultism in order to ensure academic success for themselves and their friends. This is common among less academically endowed students who use their membership of cult group to intimidate lecturers to pass them.
Search For Security and Protection: It was also found out that many students, especially the female ones enlist in cult groups with a mission to protecting themselves from the aggressiveness of make students and lecturers.
A female student of the Abia State University, Uturu, Amarachi Ojike Kalu, who lost her mobile phone and money to members of a cult group during an attack, recently, stated that the oppression of female students by their male counterparts, as well as the harassment of female students by male lecturers, have forced many female students to join cult groups.
Although she condemns cultism in whatever disguise, Kalu said the membership of cult group emboldens female students to resist any intimidation or harassment by either male students or lecturers.
Search For Responsibility: An educationist, Ivor Ogidefa, in his article “Cultism in Educational Institutions in Nigeria: Causes, Possible Solutions and Counseling Implications”, stated that some students join cult group in order to perform certain services for their members.
According to him, some students in a bid to resist or fight perceived injustice against their friends, relatives or loved ones, decide to join cult groups.
This was corroborated by a student of ABSU (name withheld) who told our correspondent that he had to join a campus cult group to protect his cousin and girlfriend who were being harassed by some guys in the school.
Search For Social Identity: The Tide’s investigation shows that this is the most common and potent reason why campus cultism thrives in Nigeria. It was learnt that many students in their desire to gain respect and recognition of other students enlist in cult groups.
According to Ogidefa, some students join cult group because they want to achieve popularity, or influence decisions on campus especially during the students union elections.
Meanwhile, there are other reasons responsible for campus cultism. These include poor parental or home background, especially when parents or guardians are themselves member of secret cults, while other factors are borne out of excessive parental discipline or lack of it at all, as is the case with children of the elite who have no time to train their children properly.
Again, many youth are into cultism in order to gain financial assistance from prominent men, especially politicians. It is the trend in the society nowadays for politicians to recruit student cultists from various campuses to bring down their opponents or cause electoral violence during elections, in return for paltry sums.
Most ridiculous of these factors is the inferiority complex factor. This is common among the less privileged students who, for fear of being humiliated by others, join cult groups.
A story was told of a male student who joined a cult group just because he wanted to have a love affair with a female counterpart, but was not bold enough to initiate the relationship. He, therefore, resorted to intimidation of the lady, having joined a cult group.
How then can the menace of cultism be tackled or eliminated in institutions of higher learning?
While many people said that there should be a total clampdown on students cultist on various campuses in the country, some recommend amnesty for student cultists, like the one the Rivers State governor, Chief Nyesom Wike granted to cultists in Rivers State. Many others, however, appealed to parents, guardians, religious bodies and schools to redirect the minds of the youths towards things and virtues that will benefit them and the society.
According to a security expert, Mr. Clem Nwagbara, the best way to eliminate cultism in various schools is to clamp down on cultism, using the law enforcement agencies like the Police and the Department of Security Service (DSS).
“With the cooperation of the school authorities and non-cultists among students, it is easy to fish out the bad eggs among the students. All it takes is for the school authorities and innocent students to cooperate with security agents”, he said.
Meanwhile, a student of Michael Okpara University, Umudike, Abia State, Bright Treasure Nwankwo said the establishment of anti-cultists group which would be made up of some members of the school authorities, repentant cultists who have renounced cultism and security agents is necessary on various campuses.
According to him, the involvement of ex-cultists in the anti-cultists group would make it easy for the security agencies to track down student cultists in various schools.
However, a motivational speaker, Alex Ogboru advised the authorities of various institutions to first of all declare amnesty for students who may be willing to renounce cultism before declaring war on them.
He said, “Some students may be willing to renounce cultism having seeing the negative effect of it. But they may be afraid of being attacked by their groups or expelled by the school authorities”.
However, in the opinion of Mrs Deborah Njoku, a secondary school teacher, the best way to eliminate cultism among youth is for parents and other stakeholders in the training of youth to redirect the minds of young people towards meaningful endeavours.
She blamed many parents and guardians for not living up to the expectation in the area of training and proper upbringing of their children and wards. She also faulted some schools and religious bodies for promoting western culture at the expense of moral values, appealing to parents, teachers and churches to be molders of character and builders of tomorrow.
Nwankwo is a student of Abia State University, Uturu
MaryRose Nwankwo
Business
33 Banks Raise N4.65tn As Recapitalisation Ends
The Central Bank of Nigeria (CBN) yesterday said 33 banks have met new minimum capital requirements under its recapitalisation programme, raising a combined N4.65 trillion to strengthen the financial system.
The apex bank disclosed this in a statement marking the end of the exercise, which commenced in March 2024 and drew participation from domestic and foreign investors.
The statement was jointly signed by the Director of Banking Supervision, Olubukola Akinwunmi, and the Acting Director of Corporate Communications, Hakama Sidi-Ali.
The statement said “Over the 24-month period, Nigerian banks raised a total of N4.65tn in new capital, strengthening the resilience of the financial system and enhancing its capacity to support the economy.”
The regulator said local investors accounted for 72.55 per cent of the funds, while international investors contributed 27.45 per cent, reflecting continued confidence in the sector.
Commenting on the outcome, the CBN Governor, Olayemi Cardoso, said in the statement, “The recapitalisation programme has strengthened the capital base of Nigerian banks, reinforcing the resilience of the financial system and ensuring it is well-positioned to support economic growth and withstand domestic and external shocks.”
It added that while 33 banks have complied with the new thresholds, a few others are still undergoing regulatory and legal processes.
The statement noted, “The CBN confirms that 33 banks have met the revised minimum capital requirements established under the programme.
“A limited number of institutions remain subject to ongoing regulatory and judicial processes, which are being addressed through established supervisory and legal frameworks.
“All banks remain fully operational, ensuring continued access to banking services for customers.”
The apex bank stressed that the exercise was executed without disrupting banking operations, ensuring uninterrupted access to services nationwide.
It further stated that key prudential indicators have improved, particularly capital adequacy ratios, which remain above global Basel benchmarks.
The minimum ratios were set at 10 per cent for regional and national banks and 15 per cent for banks with international licences.
The bank also said the recapitalisation coincided with a gradual exit from regulatory forbearance, a move it said improved asset quality, strengthened balance sheet transparency, and enhanced overall stability.
To preserve these gains, the CBN said it has reinforced its risk-based supervision framework, mandating periodic stress tests and adequate capital buffers for banks.
It added that supervisory and prudential guidelines would be reviewed regularly to strengthen governance, risk management, and resilience across the sector.
“The successful completion of the programme establishes a stronger and more resilient banking system, better positioned to support lending, mobilise savings, and withstand domestic and global shocks,” the statement said.
The Tide learnt that foreign capital inflows into Nigeria’s banking sector rose by 93.25 per cent year-on-year to $13.53bn in 2025, up from $7.00bn recorded in 2024, amid the ongoing recapitalisation drive by the Central Bank of Nigeria.
Data from the National Bureau of Statistics capital importation report showed that the banking sector remained the dominant destination for foreign capital, accounting for $13.53bn of the total $23.22bn recorded in 2025, representing 58.26 per cent of total inflows, up from 56.81 per cent in 2024.
The surge reflects heightened investor interest in Nigerian banks as they raised fresh capital to meet new regulatory thresholds introduced by the apex bank, with industry-wide recapitalisation activities driving large-scale inflows across all quarters of the year.
However, the Centre for the Promotion of Private Enterprise (CPPE) recently raised concerns over weak credit flows to small businesses despite recent banking sector reforms.
The CPPE, led by a renowned economist, Dr Muda Yusuf, acknowledged that the ongoing bank recapitalisation exercise by the CBN has strengthened the financial system, but warned that the benefits have yet to translate into meaningful support for the real economy.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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