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CSNGG Demands Action As Unauthorized Withdrawals Rock Nigerian Banks

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A foremost civil society organization, identified as the Civil Society Network for Good Governance (CSNGG) has condemned the growing trend of unauthorized withdrawals from customers account by staffs of banks in Nigeria, citing the recent ₦16.5 billion scandal involving Polaris Bank.

At a press conference held in Abuja on Tuesday, CSNGG Vice President, Public Engagement personnel, disclosed to newsmen that Lord Mayor Onukogu Victor Obiajunwa, Founder and Leader of Living Christ Mission Inc. and Proprietor/Chancellor of Hezekiah University, Umudi, Imo State, had entrusted Polaris Bank with the substantial sum in a fixed deposit account. However, a significant portion was unauthorizedly withdrawn without his consent and no detailed explanation issued.

According to the group, this incident is not isolated, numerous complaints have flooded in from citizens across Nigeria reporting similar unauthorized withdrawals from their bank accounts. It claimed that bank staff have exploited internal control lapses, taking advantage of customers’ trust and siphoning off funds while banks have been slow or negligent in addressing these breaches.

Basah demanded immediate investigation and prosecution of those involved, urging the Economic and Financial Crimes Commission (EFCC), Central Bank of Nigeria (CBN), and Nigeria Police Force to take swift action.

“The banking sector’s integrity is at stake. We urge citizens to scrutinize bank statements regularly and report discrepancies. We remain committed to ensuring that perpetrators of these crimes are brought to justice and that Nigerian financial institutions uphold the highest standards of transparency, accountability, and integrity.

“An immediate investigation into the Polaris Bank case and broader unauthorized withdrawal cases, prosecution of individuals involved, recovery of stolen funds, stricter regulations and oversight, and public vigilance is necessary.

“This breach of trust by Polaris Bank, and other similar cases that are emerging, threatens the stability of the financial sector and could erode confidence in the entire banking system.” He added.

The group however, urged citizens to scrutinize bank statements regularly, report discrepancies immediately, and demand transparency from banks.

Meanwhile, the growing trend of unauthorized withdrawals has sparked widespread concern, with many calling for urgent reform. The banking sector according to these calls should serve as the backbone of financial stability and custodian of people’s livelihoods not the other way round.

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TCN Acknowledges 7th Grid Collapse in 2024

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The Transmission Company of Nigeria (TCN) has reported its seventh partial grid collapse in 2024. Despite the recurring issue, TCN’s General Manager of Public Affairs, Ndidi Mbah, reassured the public that efforts to restore power are well underway, with about 90% of substations receiving bulk power.

Mbah noted that the Azura Power Station initiated the grid recovery, although a minor setback occurred. However, power supply has been restored to the Abuja region and other key distribution centers. The Ibom Gas Generating Station remained unaffected, continuing to supply power to the South-South region.

An investigation into the cause of the collapse will commence once full grid restoration is achieved.

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Jigawa Tanker Tragedy: Shettima, First Lady Mourn Victims, Pledge Federal Support

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Vice President Kashim Shettima has expressed deep sorrow over the tragic tanker explosion in Jigawa State, which claimed over 100 lives. In a statement issued by his media aide, Stanley Nkwocha, Shettima, on behalf of President Bola Tinubu, extended condolences to the affected families, praying for strength and comfort in their time of grief.

Shettima assured the public that the federal government is mobilizing resources to support the injured and assist those affected. He has directed the immediate deployment of the National Emergency Management Agency (NEMA) to provide aid. The Vice President also stressed the need for a review of fuel transportation safety protocols to prevent future incidents.

In a separate statement, First Lady Oluremi Tinubu offered her condolences to Jigawa Governor Umar Namadi and the people of Jigawa, praying for peace and comfort for the families affected. She called the incident “unfortunate” and extended prayers for the recovery of the injured and the repose of the souls lost in the tragedy.

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Nigeria Customs Intercepts Arms, Ammunition Worth N9.5bn Over Six Years

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The Nigeria Customs Service (NCS) has revealed that it intercepted a total of 10,598 pieces of arms and 114,929 rounds of ammunition valued at N9.58 billion over the past six years. Comptroller General of Customs, Bashir Adewale Adeniyi, made this disclosure during a press conference on enforcement activities in Zone A.

Adeniyi highlighted that 60% of these seizures occurred in 2023, reflecting the Customs’ increased efforts to curb arms smuggling. He also mentioned that recent operations such as Operation Whirlwind and Operation Swift Sting are part of a strategic response to tackle evolving smuggling tactics.

In addition to arms seizures, the Customs CG announced the largest pangolin scale seizure since 2020, with 9,493 kg of scales confiscated in collaboration with the Wildlife Justice Commission. The joint operation led to four arrests across Kano, Kaduna, and Lagos. The NCS continues to intensify efforts against wildlife trafficking, targeting supply routes in northern Nigeria and border areas.

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