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Beyond Duplication: Building Stronger Institutions

By Fred Nwaozor Nigeria’s law-enforcement institutions remain central to the protection of lives, property, public resources and the rule of law. However, concerns about overlapping mandates, institutional weaknesses, inadequate coordination and the cost of maintaining numerous agencies performing closely related functions have continued to generate debate. Strengthening these institutions should therefore go beyond increasing personnel or procuring equipment. It should involve structural reforms that improve effectiveness, accountability and public confidence. One important area for reform is the rationalisation of agencies with substantially overlapping responsibilities. The existence of several institutions dealing with corruption, financial crimes, economic offences and related misconduct can create duplication, jurisdictional confusion and unnecessary administrative expenditure. A carefully designed merger of related agencies could pr...

EFCC Arraigns Two Bankers for Selling New Naira Notes

By Frank Musa
The Economic and Financial Crimes Commission (EFCC) has arraigned two bank staff, Ekpe Anayaoha Okoronkwo (M), and Onyinye Umeonuoha (F), for allegedly selling newly minted Naira notes worth N500,000.

The arraignment took place on December 12, 2024, before Justice Mohammed Garba Umar of the Federal High Court sitting in Independence Layout, Enugu State.

According to the Commission's Head of Media and Publicity, Mr. Dele Oyewale, the duo was arraigned on a one-count charge bordering on currency racketeering. The charge reads: "That you, Ekpe Anayaoha Okoronkwo and Umeonuoha Onyinye, sometime in October 2024 at Enugu, Enugu State, within the jurisdiction of the Federal High Court of Nigeria, did sell a total sum of Five Hundred Thousand Naira (N500,000.00) mints in Two Hundred Naira Notes (N200) denominations, issued by the Central Bank of Nigeria to one Husseini Ibrahim and thereby committed an offence contrary to Section 21 of the Central Bank of Nigeria Act, 2007 and punishable under Section 21 of the same Act."

Consequently, Okoronkwo pleaded guilty to the charge, while Umeonuoha pleaded not guilty.

Counsel to the EFCC, Mr. Rotimi Ajobiewe prayed the court for a short date to review the facts of the case regarding Okoronkwo. For Umeonuoha, Ajobiewe requested a trial date to enable the prosecution to prove its case. The Counsel to Umeonuoha, Mr. C. N. Agama prayed the court to remand his client at the EFCC custody pending the hearing of the bail application.

Justice Umar adjourned the matter to January 15, 2025, for the hearing of Umeonuoha's bail application and the conviction and sentencing of Okoronkwo. The defendants were remanded at the Enugu State Correctional facility.

It's noteworthy that the EFCC arrested the defendants on November 15, 2024 at their workplace located at 18 Okpara Avenue, Enugu, in Enugu State, following actionable intelligence linking them to the sale of Naira mints in Enugu State metropolis.

Preliminary investigations revealed that the defendants allegedly sold a total sum of Five Hundred Thousand Naira (N500,000.00) mints in Two Hundred Naira Notes (N200) denominations to one Husseini Ibrahim.

Fred Nwaozor, popularly known as TheMediaAmbassador, is a Nigerian tech expert, author, creative & content writer, media strategist, policy analyst, blogger, public speaker and rights activist. The renowned columnist regularly writes for the Federal Radio Corporation of Nigeria (FRCN), and is the Founder & Convener of Right Thinkers Movement (RITMO), Nigeria. He's a chartered industrial physicist, engineer and IT personnel. As a media guru, he enjoys an active presence in all media segments - including electronic, print & online - since two decades ago till date. As a full-time researcher and educator, he's a regular contributor and peer reviewer for various internationally-noted engineering journals. As Telecommunications and Automation engineer, his research interest mainly lies in System Modelling, Internet of Things (IoT), Smart city, Cybersecurity, Wireless networks, and Machine Learning (ML).