News
FG Targets ‘Super Rich’ Civil Servants in New Anti-Corruption Push
Federal government anti-corruption operatives have been sent after ‘super rich’ public officers who have multiple properties and other assets suspected to have been the rewards of graft, according to the Punch.
For now, the searchlight of the anti-corruption agents was on civil servants that possess many properties in the Federal Capital Territory.
Punch correspondents learnt in Abuja on Wednesday that operatives in the Assets Tracing, Recovery and Management Unit of the Independent Corrupt Practices and other related offences Commission (ICPC) had been asked to haul in suspects for interrogation and recovery of ill-gotten assets in their possession.
It was gathered that the ICPC had strengthened the ATRMU by posting more personnel to the unit to ensure the success of its campaign.
An operative at the ICPC, who confided in one of our correspondents, said the ICPC was using the anti-corruption transparency unit of the commission in ministries, departments and agencies to coordinate the ongoing investigation of the “super rich” civil servants in the country.
It was learnt that the ICPC was relying on petitions from civil servants and the ACTU operatives to carry out its investigations into the activities of the affected civil servants.
It was gathered that the ICPC operatives’ focus had been on civil servants who have more than three properties and a fleet of cars beyond their income.
Although the source did not mention the number of civil servants that had been quizzed in relation to the new move to check fraud in the civil service, it was learnt that several personnel of the civil service had been placed under watch by the ICPC.
The source, who spoke to The PUNCH, said any civil servant found to have compromised his office to acquire wealth would be charged to court after the proceeds of the corrupt acts would have been confiscated by the Federal Government.
The source said, “The ICPC is intensifying efforts to retrieve some of these stolen assets from those involved.
“You know that the commission has a unit called the Assets Tracing, Recovery and Management Unit. This is the unit that is involved in probing those who have such assets with stolen funds.
“In fact the operatives are working very discreetly on the issue but the focus of the ICPC’s probe is the civil service.
“Those civil servants living a life beyond their means, their lifestyles are under watch. People are monitoring them, whistle-blowers are writing petitions and the Assets Recovery Unit is following up on them.
“Another thing is that we have the Anti-Corruption Transparency Units in all the agencies; these units are being supervised by our officers. They are collaborating with whistle-blowers in the various ministries and agencies…”
When one of our correspondents contacted Mr. Folu Olamiti, resident Consultant, Media and Events of the ICPC, for his comment on the telephone, he said that he was aware of the presence of the ARMTU and its constitutional functions but asked our correspondent to call back for a response on the current investigation.
However, our correspondent could not get him to comment on the story as the subsequent calls to his mobile telephone did not connect.
The Federal Government has expressed its worry about the rate of corruption in the civil service.
Ibrahim Lamorde, chairman of the Economic and Financial Crimes Commission had in the past urged a former Head of Civil Service of the Federation, Alhaji Bukar Goni Aji, to put in place an internal mechanism to check the negative trend.
The commission had in a statement by its spokesperson, Wilson Uwujaren, quoted Lamorde as citing the involvement of civil servants in the pension fraud investigations.
Lamorde had said, “You should look inward and focus on issues of welfare that may be the cause of the incessant corrupt acts. Even though this is not an excuse before the law, we should be able to ask ourselves why for example most properties in the Federal Capital Territory are found to be owned by civil servants through proxies.”
The Ahmed Joda Transition Committee has also lamented the corruption and inefficiency in the civil service.
The committee, in its report submitted to President Muhammadu Buhari, noted that the public service was characterised by weak governance, bureaucratic bottlenecks and low professional standards.
In the report, a copy of which was obtained by The PUNCH on Wednesday, the committee said that there was low productivity, graft as well as inefficiency in the civil service.
It recommended that the public service should place emphasis on performance
According to the committee, government should “implement a merit-based performance management system, recruitment and deployment process.”
It added that government should “set clearly defined goals and targets for public officers and consequences for non-implementation.”
Meanwhile, wife of the senate president, Mrs. Toyin Saraki, again reported at the EFCC office on Wednesday to continue her interrogation by anti-graft operatives.
She arrived at the commission by 10 am and was released to go on administrative bail by 4.30pm.
Administrative bail means that Mrs Saraki would make herself available at the commission any time she is required to do so.
Her interrogation had commenced on Tuesday when EFCC operatives were said to have grilled her for over six hours.
The senate president’s wife is being investigated for her role in the alleged sleaze that took place during her husband’s tenure as governor of Kwara State.
She was alleged to have involved herself in the award of contracts in the state and laundering of millions of naira.
New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.
In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.
Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.
For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.
CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”
Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.
Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.
Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”
The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.
That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.
Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages
Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.
Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.
According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.
Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.
Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.
He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.
The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.
The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.
The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.
eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.
The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.
In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”
Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.
However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.
She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.
Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.
“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.
Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.
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