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Banks Sack 110 Top Executives, Others Over N82bn Fraud

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At least 110 top bank executives and junior staff members have been sacked for fraud-related cases in the past two years.
These were contained in the ‘Reports of Fraud and Forgeries in Nigerian Banks’’ released by the Financial Institutions Training Centre between the second quarter of 2021 and Q2 2023.
FITC’s institutional members are members of the Nigerian Banker’s Committee, which comprises the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation, and all licensed banks in Nigeria.
A breakdown showed that while only four bank officials were sacked in Q2 2021, the figure rose by 175 per cent to 11 in Q2 2023.
The highest number of sacked top bank executives and junior staff members was recorded in Q3 2022as 20 officials were fired.
The report shows that between Q2 2021 and Q2 2022, 52 bank staff members were sacked for fraud-related issues.
However, between Q3 2022 and Q2 2023, 58 bank staff members were sacked for the same reason.
Also, within the period under review, the sacked staff members were involved in a total of 967 fraud cases.
The highest number of cases was recorded in Q4 2021, with 410 cases involving bank staff, while the lowest was recorded in Q3 2021, with 32 cases.
Also between Q2 2021 and Q2 2022, bank staff were involved in 657 cases, while between Q3 2022 and Q2 2023, they were involved in 310 cases.
Also, about N18.01bn was lost due to fraud committed by bank staff and outsiders within the reviewed period out of a total of N81.69bn involved in fraud cases.
It was gathered that the highest amount lost was N5.79bn in Q2 2023, while the lowest amount lost was N472.28m in Q1 2023.
For the total amount involved, the highest amount was N34.78bn in Q3 2021, while the lowest amount was N1.18bn in Q2 2022.
Mobile fraud, computer/web fraud, and P0S-related fraud were reported to be the most prevalent types of fraud, and this trend persisted in Q2 2023.
In June 2022, three former workers with the First Bank of Nigeria were tried over attempted fraud charges before a Lagos State Special Offences Court, Ikeja.
The defendants, Ozioma Ugorji, 35; Ugwu Emeka, 32; and Obike Chukwuka, 38, were arraigned by the Economic and Financial Crime Commission for allegedly attempting to steal N20bn from the bank.
It was learnt that the defendants conspired to tap into the bank’s server to grant access to a syndicate.
They were, however, apprehended by the EFCC on March 6, 2021, following an intelligence report.
In June this year, four men were arraigned at the Yaba Magistrates’ Court for allegedly defrauding their employer, Think Finance Microfinance Bank, of N150m in the FESTAC Town area of Lagos State.
The defendants include the company’s Head of Risk Management, Ojimi Ayodeji; the Loan Officer, Isaac Eddy; Joseph Setonji and Juwon Irinyemi, and were arraigned before Magistrate Patrick Nwaka on three counts of theft.
There were recent reports that four Nigerian deposit money banks lost a total of N1.77bn to fraudulent activities involving the banks’ employees and consumers in 2021.
This was contained in the 2021 financial statements of the banks, which included Access Bank Plc, Guaranty Trust Bank Plc, First Monument City Bank, and Wema Bank.
Access Bank, GTB and Fidelity Bank recorded 26,877 fraud cases in the first six months of this year, according to analyses of their financial reports for the first half of 2022.
This was a 56.45 per cent decrease from the 61,715 fraud cases that were recorded by the banks between June and December, 2021.
The President of the Bank Customers Association of Nigeria, Dr Uju Ogunbunka, recently urged banks to educate their staff and create protective measures that would discourage fraud.
The Chief Executive Officer of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, recently urged the CBN to introduce sanctions and eliminate policies that promote corruption.
He said, “I think what they can do is to activate sanctions on anyone found wanting. Aside from the tracking, there must be evidence. And once there is evidence, they should close in on anyone they find. Cyber fraud is the biggest threat in the banking industry.’’
The FITC advised banks to strengthen their security protocols and utilise advanced fraud detection systems.

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Diocese of Kalabari Set To  Commence  Kalabari University

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Newly installed  Bishop of Kalabari Anglican Communion , the Rt Revd. Boma Peter Briggs has  announced plans to  commence  Kalabari University.
Speaking at  the Rededication Service of the Diocese last weekend at the Cathedral Church of St Augustine, Abonnema,  the bishop said the diocese  has decided to put all necessary documentation in order and set up a committee to fast track and kick start  the university at Sama Town in Asari Toru Local Government Area of Rivers State.
He hinted that the university would start with Social Science and Theology for the mean time before further expansion in the future.
The committee members nominated to carryout the task are Sir. Alabo Prof. Kelvin Bob-Manuel, Dame Stella David West, Sir Ngo Martyns- Yellowe, Dame Dr. Barasua Lawrence, Sir Alabo Damiete Jack and Mr. Ayanate Agala,
Dr. Tamunodein Alasia, Bar. Tamunoteinbo N.H Harry, Sir Labomie Fredrick, Madam Sokari Davies and Glory Sokari.
Bishop Briggs also constituted Investment Committee led by Sir Labomie Fredrick, Sir Elekima Ekine, Vice Chairman, Dr. Asweili Kuruye, Secretary, Dr. Sobiobo Awara, Sis. Akaeribi Omugu, Rev Can. Soye Young Itiye and  Sir Alabo Columbus E. Columbus.
Others are Mr. Daboikia Barango, Mr. Krakaye Harry, Sir Alabo Damiete Jack, Sir Alabo Dedeibi Olu- Princewill, Madam Sunjuba Daisy Ekine and Ven. Dr. Isoboye Amabibi.
The last Committee instituted was at his 60 birthday made up of 28 members headed by Dame Stella Abbiye-Suku with Sister Inye Amak- Tariah as Secretary.
The committee was saddle with the responsibility of raising 60million Naira  or a minimum of Six Million Naira, noting that 70 percent of the money raised would be used for Clergy Welfare while the balance of Thirty Percent put into project development.
The Diamond Birthday Celebration comes up on the 21st of February 2026.
His Lordship further appointed the following Ministers as Chaplain into the various Arms of the Church. ACM, Rev. Datubo Emmanuel Agborubere-Jnr, MUWG, Rev. Fanyama Ibieneye
AYF, Rev Dabodein Bekinbo, Sunday School, Rev Sepiribo Pokubo, Knight Council, Rev Can. Ibinabo Taylor -Harry, EFAC, Rev. Awolayeofori Williams and BB Rev Joshua Amah  amongst others .
Bishop Briggs also redeployed Rev Emmanuel Agborubere to St Clement Church, Rev. Sokari to St Peter’s Ibiapu-Ama, Evang. Ikoma Dokubo to St James Degema and Evang. Dumo George to Messiah Anglican Church, Buguma.
By Kevin Nengia
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FG Honours 12 Teachers, Reaffirms Commitment To Education Reform 

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The Federal Government has honoured 12 teachers from across the country with national awards, reaffirming its commitment to strengthening the education sector through improved welfare, incentives, and professional development for teachers.

The awards were presented yesterday at the Nigeria Teachers’ Summit 2026, held in Abuja, where the Minister of Education, Dr Tunji Alausa, stated that the government would sustain reforms aimed at empowering teachers and restoring dignity to the profession.

Alausa explained that the selection process was transparent and merit-based, with three teachers nominated from each of the 36 states and the Federal Capital Territory at both the basic and senior secondary school levels.

From the pool of nominees, 12 teachers; six from basic education and six from senior secondary education, emerged as national award recipients.

Each of the 12 awardees received a cheque of N25m.

The Overall Best Teacher of the Year, Solanke Taiwo from the South-West category, received an additional N25m, bringing his total prize to N50m.

In addition to the cash prize, Taiwo is to receive a brand new car from the Governor of Borno State, Babagana Zulum, as well as a fully furnished two-bedroom flat from the Ogun State Governor, Dapo Abiodun.

Also, the Governor of Kebbi State, Nasir Idris, pledged to give each of the award winners an additional N5 million.

The minister described the awardees as exemplifying professionalism, integrity, innovation and dedication to learners, noting that they represent the best of the teaching profession in the country.

“This is more than a reward. It is a national signal that teaching is a noble, respected, and valued profession in Nigeria,” he said.

Speaking at the summit themed ‘Empowering Teachers, Strengthening the System: A National Agenda for Education Transformation and Sustainability,’ the minister said the recognition of the teachers reflected the FG’s broader education reform agenda under Tinubu’s Renewed Hope Agenda.

“Teachers are the foundation of education, and education is the foundation of national development. No nation can rise above the quality of its teachers.

“No reform, no matter how well designed, can succeed unless teachers are empowered, motivated, supported, and respected,” Alausa said.

He pledged that the government would continue to invest in teachers through structured training, improved career pathways and fair rewards, noting that education remained central to national development.

Under the Renewed Hope Agenda, he said, “sustainable development, economic growth, innovation, and social cohesion depend on a strong and responsive education system and that system depends on teachers.”

As part of this commitment, the minister announced the launch of EduRevamp, a nationally coordinated Continuous Professional Development programme designed to modernise teacher training and improve classroom outcomes.

While the programme is open to teachers in both public and private schools, Alausa said performance-based incentives would be reserved for public school teachers who complete certified training.

“Professional growth must never be restricted. Every teacher deserves access to quality training, modern tools, and updated skills,” he said, adding that incentives would be tied to measurable performance.

He also highlighted complementary initiatives, including the Ignite digital platform to reduce teacher workload, the Diaspora Bridge programme to strengthen STEMM education, and the provision of 60,000 tablets for teachers with zero-data access to approved training platforms.

The minister further announced reforms to the Teachers Registration Council of Nigeria’s digital platform, the expansion of Communities of Practice, and progress on the Accelerated Teacher Training Programme aimed at fast-tracking professionalisation for in-service teachers.

To provide long-term stability, he said the government had introduced a National Teacher Policy to guide teacher development, welfare and professional standards nationwide.

Addressing the award recipients and other educators at the summit, Alausa described the government’s message as “professional growth, dignity in service, and renewed hope,” urging stakeholders to focus on tangible outcomes in classrooms across the country.

In her welcoming remarks, the Minister of State for Education, Professor Suwaiba Ahmad, underscored the central role of teachers in Nigeria’s education reform agenda.

Ahmad said the gathering was both timely and strategic, noting that the quality of any education system is inseparable from the quality, motivation and empowerment of its teachers.

She explained that the theme aligns directly with Nigeria’s current education priorities.

According to her, investing in teachers is the bedrock of sustainable reform and national development.

“Empowering teachers is not an isolated intervention; it is the foundation upon which sustainable education reform is built.

“When teachers are supported, trained, motivated, and valued, the entire system is strengthened, learning outcomes improved, equity expands, and national development is accelerated,” she said.

Describing the summit as a strategic national platform, Ahmad said it was designed to unite key stakeholders to address challenges in the education sector and advance practical reforms.

She noted that the forum brings together teachers, policymakers, education leaders, regulators, unions, development partners and private sector actors to strengthen teaching and learning outcomes nationwide.

In his goodwill message, the National President of the Nigeria Union of Teachers, Audi Amba, described the summit as a historic milestone in the recognition of teachers’ roles in national development.

Nigeria’s education sector has continued to grapple with longstanding challenges, particularly around teacher welfare, access to regular professional development, classroom capacity and infrastructure.

These issues have raised concerns among stakeholders about the quality of teaching and learning in many public schools. At the same time, industrial actions by education unions in recent years have further highlighted the pressures facing educators nationwide.

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We Draw Our Confidence From God -Fubara 

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The Rivers State Government has declared that it draws its confidence from the assurance that God is more than sufficient to guide its leaders, strengthen its institutions, and sustain its communities in peace and progress.

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?Rivers State Governor, Sir Siminalayi Fubara, made this declaration during the 2026 Holy Ghost Rally organised by the Redeemed Christian Church of God (RCCG) at the Adokiye Amiesimaka Stadium, Port Harcourt, on Sunday.

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?Speaking through his deputy, Prof. Ngozi Odu, the governor stated that “with the Almighty God on our side, our challenges are surmountable and our future remains hopeful,” noting that the theme of this year’s rally, “The All-Sufficient God,” is both timely and reassuring.

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This was contained in a statement from the office of the Deputy Governor, signed by the Head of Press, ?Owupele Benebo.

 

?According to Fubara, the theme serves as a powerful reminder that in a world filled with uncertainty, God remains our unfailing source, sufficient in wisdom, strength, provision, and grace.

 

He stressed that when human ability reaches its limit, God’s sufficiency prevails.

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?The governor commended the Redeemed Christian Church of God for its consistent spiritual impact and unwavering prayers for Rivers State and the nation, expressing appreciation for the Church’s contributions to promoting moral values, unity, and faith in God.

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?In his sermon, drawn from Genesis 17:1, the General Overseer of the RCCG, Pastor Enoch Adeboye, described the Almighty God, whose name is above every other name, as all-sufficient and capable of meeting every human need.

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?He noted that the God who created all things also has the power to repair and restore them.

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?Adeboye explained that while human effort, including medical intervention, may reach its limits, there comes a point where only God steps in to turn situations around, bringing hope where none seemed possible.

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?In his address, the Pastor in charge of the Rivers Family of the RCCG, Pastor Adesoji Oni, stated that the Port Harcourt Holy Ghost Rally, which began in 2015 and has now become an annual event, has been a tremendous blessing to the people of the State.

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Adesoji noted that the rally has drawn thousands of souls to God while impacting lives spiritually and physically.

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?He further disclosed that the Church has gone beyond preaching the gospel to actively engage in impactful initiatives through its Christian Social Responsibility programmes.

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?These include skills acquisition centres, maternity centres across the State, a rehabilitation centre for persons battling substance abuse, and an Innovative Mind Hub.

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