Arewa coalition asks EFCC chairman, Bawa to resign

By Musa Baba Adamu

Anorthern coalition of civil society organisations has called on the Economic and Financial Crimes Commission (EFCC) chairman, Abdulrasheed Bawa, to resign or be fired over alleged corrupt allegations.

In a statement on Sunday, the chairman of the Coalition of Arewa

Civil Society Organisations, Adamu Aminu Musa, noted that Abdulrasheed Bawa’s resignation at this point in time is sacrosanct in order to save Nigeria’s reputation.

The statement alleged: “The fourth executive chairman, Bawa, has been at the centre of so many corruption allegations even before his appointment as the chairman, which was believed to be surrounded by so many controversies and mysteries.”

The statement added that Bawa operates like an emperor, using his office to intimidate, harass, and force people to do his bidding, including the banks, other government agencies, and innocent Nigerians, with the backing of his godfather, the Attorney General.

Adamu Aminu also alleged that Bawa forced the DG of NIMASA into sponsoring his family members to study abroad at the Centurion University of Technology and Management, Bhubaneswar, India.

He alleged that the EFCC chairman intimidated and harassed the NCC into giving his elder brother a job while he himself employed another member of his family in the EFCC’s Lagos Command.

CIBN: Our revenue grew by 16% to N2.06bn in 2022

From Abubakar Yunusa Abuja

The Chartered Institute of Bankers of Nigeria (CIBN) says its revenue rose to N2.06 billion in the year ended December 31, 2022.

Ken Opara, CIBN president, spoke at the 2023 annual general meeting (AGM) of the institute held on Saturday in Lagos.

Opara said the aforementioned figure represented an increase of 16.9 percent when compared with N1.76 billion recorded in the corresponding period of 2021.

He said despite macroeconomic headwinds in 2022, the institute’s net operating surplus also grew from N799.17 million to N838.08 million.

Opara also said total assets grew from N7.31 billion to N7.82 billion.

He attributed the improved performance recorded in the year under review to the efficient utilisation of resources and deliberate focus on revenue generation drive.

Also speaking at the event, Mojisola Bakare-Asieru, national treasurer of CIBN, praised the dexterity of the management of the institute in achieving 93 percent of the year 2022 budget of N2.216 billion.

She said CIBN is committed to posting a better performance in the current year.

“The Institute recorded a net operating surplus before impairment and amortisation of N837.94 million compared to the 2021 result of N799.17 million,” she said.

“This growth in surplus of 4.86 percent was as a result of efficient utilisation of resources and was above the 2022 budget of N711.02 million.

“The percentage growth would have been more but for a high rate of inflation during the year under review.

“The recurrent expenditure of the institute increased to N1.22 billion as against N966.57 million recorded in the preceding year which translated into an increase of 26.89 percent.

“Asides the general inflation