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Acting President Yemi Osinbajo says nobody can remove Ibrahim Magu, acting chairman of the Economic and Financial Crime Commission (EFCC).

He said this in Kaduna on Thursday while commissioning a zonal office of the EFCC.

Represented by Nasir el-Rufai, governor of Kaduna, the acting president described Magu as a “nightmare for corrupt people”.

“We have confidence in Magu to fight corruption to a standstill. He will remain the EFCC chairman as long as I remain the acting president and as long as Muhammadu Buhari remains the president,” he said.

“For those thinking that corruption is beginning to win this war, Magu will remain their nightmare for the next two years or six years as the case may be.”

Making personal remarks, el-Rufai said over N500 million had been recovered from corrupt officials of the past government and some contractors in Kaduna.

He added that those officials would be handed over to the EFCC for prosecution.

El-Rufai said because of the zero tolerance his administration has for corruption, the anti-graft agency EFCC encouraged him to establish a zonal office in Kaduna.

The governor promised to allocate a piece of land to the commission for construction of its training school and staff quarters.

There is a brewing crisis between the legislature and executive over Magu’s position.

On Tuesday, the upper legislative chamber resolved to suspend the confirmation of nominees sent by the executive over Osinbajo’s support for Magu.

Ahmad Yerima, senator representing Zamfara west, had moved a motion to stop the confirmation of Lanre Gbajabiamila as the director-general of Nigeria Lottery Commission.

He wondered why Osinbajo would send a nominee to the senate after he said the upper legislative chamber did not have the power of confirmation.

Yerima was making reference to a statement made by Osinbajo when he spoke with select media organisations, including TheCable, in April.

Osinbajo had expressed support for the view of Femi Falana, human rights lawyer, that the executive did not need to send the name of Magu to the senate for confirmation.

“There is an argument, whether or not we need to present him (Magu) for confirmation and that’s a compelling argument from Femi Falana,” Osinbajo had said.

“His (Falana) argument is that under the constitution, section 171, and if you look at that section, it talks about the appointments that the president can make. They include appointments of ministers, ambassadors and heads of agencies such as the EFCC. In that same section 171, the constitution rightly said that certain appointments must go to the senate such as ministerial and ambassadorial appointments. Those of heads of agencies like the EFCC do not have to go to the senate. That’s what the constitution says. But the EFCC act, which of course as you know is inferior, says that EFCC chairman should go to the senate for confirmation.

“I am sure that even a pocket book lawyer knows that when a legislation conflicts with constitution, it’s the constitution that prevails. I agree with Mr Falana that there was no need in the first place to have sent Magu’s name to the senate.”

The senate rejected Magu on two different occasions.

BIG STORY

NOVA Bank Achieves Global Cybersecurity Milestone With ISO 27032 Certification

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NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.

The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.

Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.

“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated. The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.

“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.

This milestone aligns with NOVA Bank’s overarching strategy of integrating cutting-edge technology with its trademarked Phygital model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction.

As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.

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JUST IN: Customs Hands Over 21 Stolen Vehicles To Canadian Government

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The Nigerian Customs Service (NCS) has transferred 21 stolen “Sport Utility Vehicles” (SUVs) and other assorted vehicles to the Canadian Government, following their recovery from various locations across the country.

 

More to come…

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Former Kogi Governor Yahaya Bello Now In Our Custody — EFCC

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The Economic and Financial Crimes Commission (EFCC) has revealed that former Kogi State governor, Yahaya Bello, has been detained in the agency’s custody for allegedly misappropriating over N110 billion in public funds.

The EFCC stated that the former governor appeared at its headquarters after months of ignoring invitations and avoiding court summons related to fraud connected to his administration.

EFCC spokesperson, Dele Oyewale, on Tuesday said that Bello had been detained and would be questioned about the allegations against him.

According to reports, Bello responded to the EFCC’s invitation on Tuesday, arriving at the EFCC office with his lawyers, but without his successor, Governor Usman Ododo, who had reportedly been shielding him from arrest.

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