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Group Urges EFCC To Re-open Ex-AfriBank Directors, Case

Former Executive director and management of the acquired Afribank allegedly responsible for the collapse of the bank may be not have gotten respite as a group under the aegis of Nigerian Transparency Network has called on the Economic and Financial Crimes Commission (EFCC) to prosecute them.

The group said the call was predicated on the need for justice to be served to shareholders whose savings and investments were trapped in the bank since its lost stability in 2009. The Executive Director of Nigerian Transparency Network, Mr Aliyu Ibrahim made this demand in a signed statement in Abuja Thursday emphasizing that it be done in line with the anti-corruption stance of the present administration.

According to Aliyu the Civil Society Organisation (CSO) had written a letter of petition to the chairman of EFCC on the matter, on July 31 and a copy of the letter published in a national daily on Aug. 3. He recalled that the EFCC had began the prosecution of management staff of the bank over alleged complicity on the issue of financial dealings that led to the collapse of the bank.

The prosecution by the Commission under the leadership of the former Chairperson, Mrs Farida Waziri was however affected by certain sudden intrigues which frustrated the smooth prosecution of the accused persons. His words: “Of particular interest is the manner in which one of the accused persons, Alh Jibrin Isah was unlawfully and seemingly intentionally converted to a prosecution witness during the trial.

“It is also worthy of note that EFCC earlier told the court that the said Isah was nowhere to be found in 2010 when he was visibly seen campaigning to become a gubernatorial candidate of PDP. “Isah was subsequently made to be the prosecuting witness in an alleged financial mismanagement he personally superintended over while serving as the executive director of the bank, an action that other accused persons challenged,’’ it added.


– Patrick Osadebamwen, Abuja

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