News
MD Bank of Agric, Alhassan Accused Of Corruption
Misappropriation of funds
..Non- payment of salaries,
..Misuse of duty travel Allowances (DTA)
..Misappropriation of government funds
..One- man show approach
..Violation of Recruitment Procedures
..Questionable Payment of Ransom
..Bypassing Governance Structure
From Lateef Taiwo
A Kaduna based Anti Corruption Corps, Kaduna State has petition the Acting Managing Director of Bank of Agriculture Mr Alwan Ali Alhassan over misappropriation of funds and also called for his suspension.
The Director, Dr. Abdullah Maina Gimba, Anti Corruption Corps, kaduna state in a petition made available to newsmen in Kaduna, the petition also copied to the office of the Vice President, Office of the Secretary to the Government of the Federation, Senate Committee Chairman on Agriculture, House Committee Chairman on Agriculture, DSS, and EFCC.
They alleged that the Acting MD has purchased a fleet of official vehicles worth over 250 million naira for personal and unofficial use.
The group alleged that despite receiving a substantial sum of N10 billion from the Federal government in 2022, he failed to utilize the funds, following the Bank’s budget.
The group also accused the Acting MD for non-payment of salaries from September to October.
The petitioners called for the constituting committee to thoroughly investigate the allegation they raised against the Ag. MD during his tenure.
Below is the full text of the Petition:
SUBJECT: URGENT PETITION AGAINST THE ACTING MANAGING
DIRECTOR OF BANK OF AGRICULTURE
The Honorable Minister,
Federal Ministry of Agriculture,
Abuja
Dear Sir,
RE: PETITION AGAINST THE ACTING MANAGING DIRECTOR. BANK
OF AGRICULTURE. MR ALW AN ALHASSAN
We submit this petition to draw your esteemed attention to the concerning
activities of the Acting Managing Director of the Bank of Agriculture (BOA). Mr.
Alwan Ali Alhassan. We believe that immediate intervention is necessary 1o
address issues of ineptitude, financial misconduct. and high-handedness under his leadership.
Allegations and Concerns:
1. Financial Irregularities:
– Mr. Alwan Ali Alhassan has purportedly mismanaged funds, as evidenced by
the purchase of 2 fleet of official vehicles worth over 250 million naira for personal
and unofficial use.
2. Non-Payment of Salaries:
Under his leadership. the Bank has faced several financial mismanagement
fund to the non-payment of salaries for two consecutive months (September and
October)
3. Misuse of Duty Travel Allowances (DTA):
– There are reports of the Acting MD withdrawing substantial amounts under the guise of Duty Travel Allowances, especially during travels to his residences in Abuja and Kano.
4. Misappropriation of Government Funds:
– Despite receiving a substantial sum of 10 billion naira from the Federal
government in 2022, the MD allegedly failed to utilize the funds according to the Bank’s budget, warranting an investigation.
5. One-Man Show Approach:
– The Acting MD has allegedly undermined the Bank’s mission by running it as a one-man show, particularly in the disbursement of agricultural loans, sidelining
established procedures.
6. Violation of Recruitment Procedures:
The Acting MD is accused of violating recruitment procedures, bypassing
interviews and examinations in staff employments.
7. Questionable Payment of Ransom:
2
-The Acting MD’s payment of a reported 100 million naira as ransom during a
kidnapping incident has raised questions about the source of such a substantial
amount.
8. Bypassing Governance Structure:
– Despite the existence of a Board and Executive Directors, the Acting MD has
allegedly bypassed the governance structure, contributing to high-handedness and
reckless decision-making.
Call to Action:
In light of these serious allegations and concerns, we implore the Federal Ministry of Agriculture to take urgent action:
1. Suspension and Investigation:
– Suspend Mr. Alwan Ali Alhassan from his position as Acting MD pending a
comprehensive investigation into the allegations raised.
2. Constitution of Investigative Committee:
Form a Committee to thoroughly investigate the financial and managerial
conduct of the Acting MD during his tenure.
3. Restoration of Governance Structure:
-Reinstate adherence to the established governance structure, involving the
Board and Executive Directors in decision-making processes.
We believe that a swift and thorough investigation is crucial to safeguard the
integrity and mission of the Bank of Agriculture. Your prompt attention to this
matter is paramount, and we trust that justice will be served.
Cc:
Office of the Vice President
Office of the Secretary to the Government of the Federation
– Minister for Finance
3
CBN Governor
– Senate Committee Chairman on Agriculture
-House Committee Chairman on Agriculture
– Director. Department of State Services (DSS)
-Economic and Financial Crimes Commission (EFCC) Chairman
– Independent Corrupt Practices and Other Related Offences Commission (1CPC)
Chairman
– Members of the Press (BBC, VOA, VON, DW Radio, Radio France International.,
TRT Hausa Radio, Daily Trust, Leadership, Blueprint, The Nation, Punch
Newspapers, Nigerian Tribune, Daily Champion, etc.)
Its important to note that the MD last year have gathered people from
various states across the Nation that loan will be distributed to them.
It’s Very unfortunate how our people from the villages use to sleep on the
streets. lt’s very unfortunate that forms were given to them with nothing
useful, majority of them couldn’t afford their transportation fees back to
their localities they turn-out to be beggars on the street, what a shame,
this act resulted to numerous insults on our Dear president Bola Ahmed
Tinubu.
People are saying that he is a traitor, it is very unfortunate that
this incidents happened close to election, he gathered people and refused
them the money that they are due after everyone knew that money have
been given to him almost 10 billion naira he gave no one a single kobo.
Majority of the applicants have met the criteria but he have been creating many stories. He is an enemy of this administration, he have deceived Nigerians despite the facts that agriculture is the root of our
economy. He is a traitor, incompetent, unqualified, an enemy of progress.
Signed By
The Director, Dr. Abdullah Maina Gimba, Anti Corruption Corps, kaduna state
News
NNRA Allegations: IADI Demands Evidence, Says Audit Queries Not Proof of Fraud
The Integrity Advocacy for Development Initiative (IADI) has called for a thorough, evidence-based examination of allegations of financial misconduct involving the Nigerian Nuclear Regulatory Authority (NNRA), warning against treating audit observations and media reports as established cases of fraud.
IADI Executive Director, Comrade Ofomhi Christopher, made the call on Wednesday at a press briefing in Abuja titled, “On the Allegations Concerning the Nigerian Nuclear Regulatory Authority (NNRA): Facts, Clarifications and the Need for Evidence-Based Accountability.”
The group was reacting to a publication by Secrets Reporters dated October 1, 2026, which alleged that about N6.69 billion was involved in contract fraud and misappropriation at the NNRA.
It also referred to a protest held on October 5 by Global Integrity Watch (GIW) at the NNRA headquarters, where the organisation demanded accountability, responses to audit observations and Freedom of Information requests, as well as changes in the leadership of the regulatory authority.
Christopher said while the allegations deserved scrutiny, they should not be treated as established facts without verification of the underlying records.
According to him, the public deserves to know the specific audit observations, periods and transactions involved, the nature of the contracts, the status of the projects or services, responses provided by the NNRA and whether the issues had been resolved or referred for further investigation.
“An audit observation is a serious matter requiring explanation and verification, but it is not, by itself, a judicial finding of fraud or personal misappropriation,” he said.
The IADI chief also referred to an explanation reportedly provided by the NNRA Director-General concerning the authority’s 2024 capital budget.
He said the explanation put the NNRA’s total 2024 capital budget at about N2.7 billion, comprising approximately N200 million belonging directly to the authority and about N2.5 billion for constituency projects, with an additional N200 million regional project bringing the figure referenced to about N2.9 billion.
Christopher, however, stressed that the explanation should not be regarded as conclusive, urging that it be tested against appropriation documents, budget releases, project records, procurement documents, payment records and audit reports.
“That is how responsible accountability should work: a claim is made, the response is heard, the records are examined, and the evidence determines the conclusion,” he said.
On allegations concerning unexecuted projects, the organisation called for physical verification of the specific projects, while allegations of inflated contract prices should be subjected to scrutiny of contracts, bills of quantities, procurement records and relevant price benchmarks.
It also urged that allegations concerning contractors be examined through relevant procurement and ownership records, while any claim of diversion or misappropriation should be established through the financial trail.
Christopher said where audit authorities had raised observations on expenditure, the public should be informed of the precise observations, the affected institution’s response and the current status of the issues.
The organisation also addressed the October 5 protest by GIW, acknowledging the constitutional right of civil society organisations to peaceful assembly and association under Section 40 of the Constitution.
It, however, urged CSOs to exercise such rights responsibly and within the law.
On Freedom of Information requests, IADI said there should be a distinction between the right to protest and the legal mechanism available where an FOI request is not answered.
The organisation noted that the Freedom of Information Act provides a judicial mechanism for applicants who have been denied access to information, adding that Section 20 allows an applicant to approach the court for a review.
IADI clarified that it was not suggesting that CSOs must obtain a court order before organising peaceful protests.
Rather, Christopher said, where non-compliance with an FOI request was the central grievance, the statutory and judicial mechanisms should be considered alongside legitimate civic action.
“An unanswered FOI request may justify further action to obtain the information. It does not, by itself, establish that fraud, misappropriation or any other wrongdoing has occurred,” he said.
The group also urged organisers of protests at government agencies to take public safety, access to government premises and the safety of protesters, workers and other citizens into consideration.
At the same time, it cautioned government institutions against using the possibility of confrontation as a justification for suppressing lawful civic expression.
“The answer to institutional disagreement should be law, evidence and due process, not intimidation or retaliation,” Christopher said.
He stressed that IADI was neither seeking to shield the NNRA from scrutiny nor dismiss legitimate questions concerning public expenditure at the authority.
He called on relevant audit and oversight bodies to state the status of the observations in question, the responses received from the NNRA and whether the matters had been resolved, sustained or referred for further investigation.
The organisation also encouraged CSOs pursuing accountability to make full use of available legal and institutional mechanisms while retaining their legitimate right to peaceful civic action.
“The public deserves accountability. But the public also deserves accuracy, fairness and evidence.
“A headline is not a verdict. An allegation is not evidence. An audit observation is not automatically a finding of personal guilt,” Christopher said.
He added that public institutions should not expect their expenditure to escape scrutiny merely because questions were raised through the media or civil society.
“Let the records be examined. Let the questions be answered. Let the evidence speak,” he said.
News
Dogara Mourns Victims of Air Force Plane Crash, Condole President Tinubu, Military
Former Speaker of the House of Representatives and Chairman of the Board of the National Credit Guarantee Company Limited (NCGC), Rt. Hon. Yakubu Dogara, CFR has expressed deep sorrow over the Nigerian Air Force aircraft crash that claimed the lives of 32 persons near Igbokoda, Ondo State. Dogara described the tragedy as a heartbreaking loss to the nation, noting that the deaths of the victims have left a painful void in the country’s defence and security community.
In a statement, the former Speaker extended his condolences to President Bola Ahmed Tinubu, Commander-in-Chief of the Armed Forces, the Nigerian Air Force, and the families of those who perished in the unfortunate incident.
He said the nation shares in the grief of the bereaved families and the Armed Forces at this time of immense sorrow, adding that the sacrifices of those who lost their lives in service to the country will not be forgotten. “The nation mourns with the families of the deceased and stands in solidarity with the Armed Forces during this difficult period,” Dogara stated.
He also commiserated with the Chief of Air Staff, officers and men of the Nigerian Air Force, praying that God grants them the fortitude to bear the painful loss.
According to him, moments such as this call for national unity, reflection and collective support for the families and institutions affected by the tragedy.
Dogara paid tribute to the victims, describing them as patriotic Nigerians whose commitment and service contributed to the security and stability of the nation. He further applauded the efforts of emergency responders, rescue teams and all personnel involved in the aftermath of the crash, commending their courage and professionalism under difficult circumstances.
The former Speaker prayed God to comfort their families, friends and colleagues.
He also offered prayers for the safety and protection of members of the Armed Forces and for continued peace, unity and progress in Nigeria.
The Nigerian Air Force aircraft crashed near Igbokoda, Ondo State, resulting in the death of 32 persons and plunging the nation into mourning. Authorities are yet to make public the cause of the accident as investigations continue.
News
Centre for Credible Reforms Lauds Transparency in Ongoing Insurance Sector Reforms
The Centre for Credible Reforms and Institutional Accountability (CCRIA) has commended the Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Olusegun Ayo Omosehin, for promoting transparency and accountability in the ongoing reforms of Nigeria’s insurance industry.
The centre said the implementation of the Nigerian Insurance Industry Reform Act (NIIRA) 2025 had ushered in a new phase of development for the sector, with stronger regulatory standards, improved capitalisation and greater emphasis on protecting policyholders.
Dr Aminu Abubakar Aminu, president of the centre, said this in a statement at the weekend.
Aminu commended President Bola Tinubu and the National Assembly for the enactment of NIIRA, describing the legislation as a major step towards addressing longstanding challenges in the insurance industry.
“The enactment of the Nigerian Insurance Industry Reform Act is a significant milestone in the development of Nigeria’s insurance sector. We commend Mr President and the National Assembly for recognising the need to modernise the legal and regulatory framework governing the industry. NIIRA provides the foundation for an insurance sector that is better capitalised, more accountable, more responsive to policyholders and better equipped to contribute meaningfully to the Nigerian economy,” he said.
The centre also praised Omosehin for his leadership of NAICOM, saying his extensive experience as an insurance professional had positioned him to effectively implement the new regulatory framework.
“We consider the appointment of Mr Olusegun Ayo Omosehin as Commissioner for Insurance and Chief Executive Officer of NAICOM a timely and appropriate decision. He is a seasoned insurance professional with many years of experience in the industry, and his understanding of the sector gives him the practical knowledge required to lead an important reform process of this nature. We commend him for the direction he has provided since assuming office and for his commitment to strengthening the industry,” Aminu said.
According to the centre, the ongoing recapitalisation exercise was among the important steps taken to strengthen the financial capacity of insurance companies and improve their ability to meet obligations to policyholders.
Aminu said the reforms were already producing early gains and should be sustained through consistent implementation.
“The early developments under NIIRA demonstrate that the reform is not merely a legislative exercise but a process capable of producing measurable improvements in the industry. Stronger capital requirements, improved supervision and greater attention to policyholder protection will ultimately create an insurance market that Nigerians can trust. We encourage NAICOM to remain focused on the implementation of the Act and to continue providing clear guidance to operators and other stakeholders,” he said.
The centre noted that the reforms would also help deepen insurance penetration and strengthen the industry’s contribution to national economic development.
It urged insurance companies, brokers, reinsurers, professional bodies and other stakeholders to embrace the new framework and work with NAICOM to achieve the objectives of the legislation.
“The success of NIIRA will require the cooperation of every stakeholder in the insurance ecosystem. Operators must see the reforms as an opportunity to strengthen their institutions, improve their services and regain the confidence of Nigerians. A well-regulated insurance industry can mobilise long-term capital, protect businesses and households against risks and support investment and economic growth. These are benefits that go beyond the insurance industry itself,” Aminu said.
Aminu emphasized that the centre was particularly encouraged by the emphasis on policyholder protection under the new framework, noting that public confidence remained critical to the growth of insurance in Nigeria.
He said Nigerians should be able to purchase insurance products with confidence that operators had the financial capacity and institutional structures required to honour legitimate claims.
The president further urged NAICOM to sustain its engagement with stakeholders while ensuring that the provisions of NIIRA were implemented transparently and consistently.
“What is required at this stage is continuity, professionalism and commitment to the objectives of the law. The reforms must be sustained beyond the initial implementation period so that the gains can become permanent features of the industry. We believe NAICOM, under the leadership of Mr Ayo Omosehin, has an important responsibility to ensure that the momentum is maintained, and we encourage all stakeholders to support the commission in delivering on this mandate,” he said.
The centre said the successful implementation of NIIRA would strengthen confidence in the insurance sector, improve the protection available to policyholders and position the industry to play a greater role in Nigeria’s economic transformation.
It also called for continued collaboration between NAICOM, insurance operators and other stakeholders to ensure that the objectives of the new law were fully achieved.
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