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EFCC Chairman Urges Civil Society Groups To Reject Corruption
EFCC Chairman Urges Civil Society Groups To Reject Corruption
Ola Olukoyede, the executive chairman of the Economic and Financial Crimes Commission (EFCC), has issued a stern admonition to civil society organisations (CSOs) across Nigeria, urging them not to succumb to manipulation by unscrupulous politicians that seek to perpetuate corruption.....KINDLY READ THE FULL STORY HERE▶
In a statement released by EFCC spokesperson Dele Oyewale, Olukoyede stressed the importance of CSOs adhering to their core mandates and refraining from supporting detrimental governance practices.
Expressing dismay at instances where state governments fund CSOs to undermine anti-corruption efforts, Olukoyede emphasized the detrimental impact of CSOs championing ill-motivated causes and defending corrupt individuals and groups.
Olukoyede underscored the critical role of CSOs in combating economic and financial crimes, citing their contribution to high-profile prosecutions and their role as prosecution witnesses.
The EFCC chairman also lauded President Bola Tinubu’s initiatives aimed at tackling corruption, particularly measures addressing consumer credit and the Student Loan Scheme, which he believes will significantly reduce corrupt practices.
In response, Ambassador Ibrahim Waiya, chairman of the Conference of Northern States Civil Society Networks, commended Olukoyede for his commitment to combatting economic crimes and advocated for enhanced grassroots engagement to counter false narratives against the EFCC.
Olukoyede’s remarks underscore the importance of civil society’s role in fostering accountability and transparency in governance, urging CSOs to remain steadfast in their pursuit of justice and integrity.
During an interview on Channels Television’s ‘Politics Today’, former minister Rotimi Amaechi dismissed recent comments made by FCT Minister Nyesom Wike regarding his selection as a running mate, stating that he does not respond to subordinates and noting that Wike never employed him.....KINDLY READ THE FULL STORY HERE▶
Additional context regarding the political exchange includes:
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Wike’s Remarks: During a media briefing, Wike alleged that Amaechi’s selection was financially motivated rather than strategic, questioning his electoral viability and political influence post-2011.
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Amaechi’s Response: Maintaining that he is currently focused on mourning, Amaechi indicated that he intends to respond more forcefully once his campaign activities officially begin.
During an interview on TVC News, former Lagos State Peoples Democratic Party (PDP) chairman Deji Doherty disputed claims that Chief Olabode George is a founding father of the party, asserting instead that George was introduced into the party’s leadership by former President Olusegun Obasanjo around 1999.....KINDLY READ THE FULL STORY HERE▶
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Criticism of Leadership: Doherty argued that Obasanjo’s decision to entrust the management of the Lagos State PDP chapter to George was a mistake and that the affairs of the state branch were poorly handled.
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Internal Party Crises: Displaying reconciliation documents during the broadcast, he noted that past efforts by respected party elders to resolve internal party disputes have failed to secure long-term peace.
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Call for Youth Empowerment: Doherty emphasized that the ongoing leadership struggles should pave the way for a younger generation to take charge of the nation’s political future, regardless of party affiliation.
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Parallel (Black) Market Rates: According to Bureau De Change (BDC) sources in Lagos for Tuesday, August 4, 2026, the parallel market traded the US Dollar at a buying rate of ₦1,410 and a selling rate of ₦1,425.....KINDLY READ THE FULL STORY HERE▶
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Official CBN Rates: Central Bank of Nigeria figures recorded rates ranging from a low of ₦1,361 to a high of ₦1,364.
Key Advisory Notes
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Regulatory Stance: The CBN does not officially recognize the parallel market and advises individuals engaging in foreign exchange transactions to utilize authorized banking channels.
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Price Variance: Actual market transaction rates may differ across various dealers and locations due to continuous market fluctuations.
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