General
Youth Council Calls for Speedy Confirmation of Bawa as EFCC Chairman
By Modupe Gbadeyanka
The Nigerian Senate has been urged not to delay the screening and confirmation of Mr Abdulrasheed Bawa as the substantive Chairman of the Economic and Financial Crimes Commission (EFCC).
On Tuesday, President Muhammadu Buhari nominated Mr Bawa as the new head of the country’s anti-corruption agency. He is to replace Mr Ibrahim Magu, who occupied the position for about five years in an acting capacity.
Reacting to the development, the National Youth Council of Nigeria (NYCN), through a statement signed by its president, Mr Solomon Adodo, commended the President for picking the 40-year-old “world-class crime buster” to lead his anti-corruption campaign as it is the “biggest masterstroke” in his administration’s effort to crush the monster called corruption.
They said the next step would be for the upper chamber of the parliament to confirm his appointment so as to enable him to get the ball rolling.
They appealed the Senate to “immediately screen and approve the nomination of Mr Abdulrasheed Bawa,” adding that, “We shall be mobilizing our members to the National Assembly within the next seven days to press home our point.”
The youth council emphasised that the services of Mr Bawa are “greatly needed to advance the fight against corruption in Nigeria as his appointment “signals a positive turn in the war against corruption” and must therefore be urgently considered for approval by the Senate.
It said Mr Bawa’s appointment was not only a great win for Nigerian youths but goes further to remind young Nigerians to always be prepared to take the position of leadership.
“We have diligently looked through the untainted records of this great and young compatriot who has risen through the ranks of the EFCC.
“No one can better understand the workings of the commission than a young officer who has spent all his career years within the establishment beginning from the point where the commission was set up with its unique mandate to halt the negative tide of financial crimes.
“It is imperative to stir to the memory of all discerning observers that Mr Bawa has been strongly averse to any act of corruption or financial crime, he has fought with all determination against this hydra-headed monster even at the risk of threats to his life, unfounded attempts to blackmail him and several concerted smear campaigns against this world-class crime buster.
“Mr Abdulrasheed Bawa has been assigned several sensitive investigations to head including the Diezani Allison-Madueke case between 2015 to Date which resulted in the recovery of millions of Dollars worth of properties in Nigeria, U.K., U.S.A, and U.A.E including 92 properties in Nigeria; the Atlantic Energy Group case between 2014 to 2015 where he recovered millions of Dollars worth of properties in Nigeria, UK, USA, Switzerland, UAE and Canada; the highly controversial Crude Oil Swaps and OPA case between 2014 to 2015, again he recovered Billions of Naira for the Federal Government putting an end to haemorrhagic loss revenue.
“Through diligent investigation, Mr Bawa was able to unearth the Petroleum Subsidy Fraud between 2012 and 2015 N70 billion, recovered billions and several companies were prosecuted duly.
“It may be recalled that several men hitherto identified as men of integrity (including Members of the House of Representatives) could not resist the massive bribes and inducement from the subsidy cabal, Mr Bawa, however, remained unbent and rather put the nation first.
“At all his duty posts, the records bear it clear that the sole and singular focus of this fearless fighter against corruption has been to ensure that all traces of financial crimes are identified, exposed and suffocated,” the group said.
The group noted that Bawa’s years of experience and training by global institutions such as the United States Federal Bureau of Investigation (FBI), United States Financial Crime Enforcement Network (FinCEN), the World Bank and the United Nations Office of Drug and Crimes, amongst others, could not have escaped the eyes of any employer seeking a competent hand to head to the anti-graft agency.
By Adedapo Adesanya
The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.
The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.
The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.
The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.
This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.
Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.
Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.
The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.
The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.
Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.
The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.
The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.
The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.
According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
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