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Exposing the Truth: NGIJ Condemns PSFU’s Narrative in the Four Journalists’ Case

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• #GTBank, #4Journalists: NGIJ Queries PSFU Preempting Attempt in a Matter in Court

In response to the recent press release by the Police Special Fraud Unit (PSFU), Lagos, signed by SP Eyitayo Johnson regarding the arrest and arraignment of four journalists for alleged cyberstalking and attempted extortion of Guaranty Trust Bank (GTB), the Nigerian Guild of Investigative Journalists (NGIJ) has said that it is constrained to set the record straight on several key points.

In a statement jointly signed by the President and the Vice President Administration and Strategic Communications, Malam Abdulrahman Aliagan and Oyewale Oyelola respectively, on Thursday, and made available to Journalists in Abuja, the Guild noted that without joining issues with the parties involved, the Police overstepped its boundaries under the law by issuing a statement that clearly pronounced the defendants guilty as charged.

The statement read in parts: “NGIJ view with dismay the desperate media war the PSFU seems to be waging against four journalists arrested by the unit at on the orders of Guaranty Trust Bank Plc (GTBank).

“The Guild is shocked at the tone of the press release signed by SP Eyitayo Johnson and made available to the media on Wednesday, October 2nd, 2024, when the Journalists have been arraigned in court and remanded at Ikoyi Prison until 4th of October, 2024.

“The tone of the press release is not only assertive and judgmental but smacks of a desperate attempt of giving a dog a bad name to hang it.

“Again, it seems PSFU wants to be a judge in its own case when they affirmed in the said press release that “having established contact with a staff member of the PR department of the bank, and despite being informed that the story in false; (sic) resorted to economic blackmail by demanding for financial compensation before the false publication could be pulled down.”

“One would think that a reputable unit like the PSFU would be professional enough to allow the Court determined this case based on its merits (if any). This is because to the best of our knowledge, whether or not the arrested journalists demanded for financial compensation before pulling down the stories is a matter to be determined by the court.

“In setting the record straight: First and foremost, it is crucial to highlight that the four journalists in question were arraigned in court on Friday, 27th of September, 2024, before Hon. Justice Ayokunle Faji and are scheduled for trial from the 4th of October, 2024. This demonstrates that due legal process is already ongoing and the matter is being handled in a transparent and accountable manner by a court of law. Therefore, for PSFU to start issuing a press release and sending pictures of the Journalists to the media on the 2nd of October, even when their arraignment was widely reported by major newspapers on the 28th and 29th of September, 2024 has left a big question mark as to what the special interests of the Police in the matter is.

“Furthermore, it has come to light that the House of Representatives has received a petition regarding the subject matter in the case, with the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen granting approval for a thorough probe of the allegations against the GTBank. This indicates that the issue has broader implications and is being taken seriously at a higher legislative level.

“GTBANK itself had before an investigative panel at the National Assembly in September confirmed that the bank did not remit (Value Added Tax (VAT) to the Federal Government for an extended period of 8 years. The Public Accounts Committee (PAC) of Nigeria’s House of Representatives then ordered the GTBank to calculate the VAT owed on commissions earned through the Remita platform between 2015 and 2022 to the Federal Government.

“This fraudulent act was part of the content of the original report by the defendants, leading to their arrests. This revelation, without prejudice to the ongoing case in court, underscores the need for thorough investigation and scrutiny of the bank’s practices, lending credibility to the four accused journalists’ publications.

“Additionally, concerns have been raised about the fundamental human rights of the journalists as they were kept in custody by the Police for up to a week before they were charged to court. Moreso, the nature of the arrest of the Journalists in question in a ‘Gestapo-style’ without their arrests duly registered their with the local authorities in Ilorin and Abeokuta, remains a big question on the professionalism of the PSFU Police. This also raises questions about the fairness and legality of their detention and the nature of the arrest, especially considering the sensitive nature of press freedom globally.

“It is evident that the Police’s actions in this case may indicate an attempt to suppress freedom of the press and stifle truthful reportage, particularly when considering the influence of powerful individuals and entity involved, like the Group Chief Executive Officer (GCEO) of Guaranty Trust Holding Company Plc, Mr Segun Agbaje.

“Without any doubt, the role of the police should be to uphold the rule of law and protect the rights of individuals, including journalists, without bias but in this case, adhering to these noble duties are doubtful.

“We therefore strongly condemn position taken by the Police in the allegations made against our four colleagues, in which they have taken a NOT GUILTY plea before the Federal High Court, Ikoyi.

“It’s disturbing to see the police seemingly working to justify their actions, rather than upholding the principles of democracy and protecting the rights of journalists to report the truth by the obvious show of bias by the PSFU.

“The allegations appear to be a blatant attempt to continue to harass, intimidate, and silence our colleagues and stifle press freedom in efforts to protect the rich and the influential in the society.

“The NGIJ therefore stand in solidarity with rule of law and our colleagues as well as demands that their rights be respected, as we will continue to report the truth, without fear or favour, and hold those in power accountable for their actions in public interest.

“We therefore call on Inspector General of Police, Mr Kayode Egbetokun, the Chairman Police Service Commission, PSC, democratic institutions, the National Assembly, human rights organizations, Civil Society Organisations (CSOs) and the international community to condemn the position of the PSFU as the prosecutor and the judge in the matter before the court”, the statement concluded.

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Family Announces Funeral Arrangements for Late Elder Statesman, Nationalist Pa Ayo Adebanjo

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The family of Chief Samuel Ayodele Adebanjo, revered nationalist, elder statesman, and leader of the Pan-Yoruba socio-cultural group, Afenifere, has formally announced the funeral arrangements following his passing on February 14, 2025, at the age of 96.A series of events have been planned to honour the life, legacy, and values of the late Pa Ayo Adebanjo — a man widely respected for his lifelong dedication to democracy, Yoruba unity, and national development.In a statement by the chairman of the burial planning committee, Dr. Biodun Shobanjo, on behalf of the family, they expressed their deep gratitude for the outpouring of support and prayers received since his passing and welcomed well-wishers to participate in celebrating the life of their beloved patriarch.The funeral arrangements are as follows:Day of Tributes/Service of Songs Wednesday, April 30th, 2025 || 2 p.m. Eko Hotels & Suites, Victoria Island, LagosColour: Shades of GreenWake Friday, May 2nd, 2025 || 4 p.m. Pa Ayo Adebanjo’s Country Home,, Isanya Ogbo, near Ijebu Ode, Ogun StateColour: Alari of GoldChurch Service/Funeral Saturday, May 3rd, 2025 || 10.a.m. St. Phillips Anglican Church, Isanya Ogbo, near Ijebu Ode, Ogun StateColour: Powder Blue Gele/Cap on Ankara or Royal Blue LaceThanksgiving Sunday, May 4th, 2025 || 10.a.m. St. Phillips Anglican Church, Isanya Ogbo, near Ijebu Ode, Ogun StateThe family invites friends, colleagues, political associates, and the general public to join them in paying final respects to a man whose courage, integrity, and unwavering belief in justice left an indelible mark on Nigeria’s political history.Chief Samuel Ayodele Adebanjo, widely known as Chief Ayo Adebanjo or Pa Ayo Adebanjo, was born on the 10th of April, 1928, in Ogun State, in the south-western region of Nigeria. He was born into the family of Joel Adebanjo Adedairo and Salamotu Odubanke. Chief Adebanjo began his public journey as a journalist before proceeding to the United Kingdom to study law. He was called to the English Bar in 1961.His political journey began in 1943 as a member of the Zikist Movement, before joining the youth wing of the Action Group in 1951, where he became a political disciple of the late Chief Obafemi Awolowo. Throughout his life, Chief Adebanjo remained a fearless advocate for democratic governance, true federalism, and Yoruba interests within the Nigerian federation.He will be remembered as a titan of Nigeria’s nationalist struggle and a principled voice in the country’s post-independence political evolution.SIGNED:Mrs. Ayotunde Atteh (nee Ayo-Adebanjo)Mrs. Adeola Azeez (nee Ayo-Adebanjo)Mr. Obafemi Ayo-AdebanjoFor The FamilyApril 24, 2025

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Niger governor orders arrest of people with dreadlocks

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Governor Umar Bago of Niger State has declared zero tolerance for rascality even as he has directed security agencies to arrest individuals wearing dreadlocks in Minna, the state capital.

The directive was issued during Tuesday’s high-level stakeholders’ security meeting at the Government House.

Governor Bago instructed security agencies to not only arrest those with dreadlocks but also forcibly shave their hair and impose fines on them.

“We will have zero tolerance for rascality. Anybody that you find with dreadlocks, arrest, barb the hair, and fine him,” Bago declared.

“Nobody should carry any kind of haircut inside Minna. I have given marching orders to security agencies.”

The meeting, attended by security operatives and traditional rulers, focused on clamping down on what the governor described as rising criminality and disorder in the state.

“Parents should warn their children. From this moment, it’s 100% fire-for-fire,” he said. “Also, any house found harbouring criminals should be demolished. Niger State is not for useless people.”

Among other measures announced were restrictions on commercial motorcycles and tricycles, which are now banned from operating between 6 p.m. and 6 a.m., except for emergency medical purposes.

The governor also directed traditional and community leaders, including district, village and ward heads, to ensure accurate documentation of all residents in their areas.

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Union Bank system hacked as customers lose N9.3 billion to fraud

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Union Bank of Nigeria Plc led by Yetunde Oni, is currently grappling with a massive N9.3 billion fraud following a significant operational system breach, THE WITNESS reports.

The development comes exactly one year and three months after the Central Bank of Nigeria (CBN) sacked the bank’s board and entire management, citing governance failures. A new management team was subsequently appointed to lead the financial institution.

Union Bank is battling to recover the sum of N9,329,322,870.00 (nine billion, three hundred and twenty-nine million, three hundred and twenty-two thousand, eight hundred and seventy naira), withdrawn from customers’ accounts without authorization.

In a suit marked FHC/L/CS/629/2025, filed before the Federal High Court in Lagos, seen by THE WITNESS, Union Bank sought a preservative order compelling the financial institutions involved to place Post No Debit restrictions on the accounts of all beneficiaries and to return the stolen funds traced to their institutions.

According to the bank, the fraud followed an operational failure and fraud in its core banking system on March 23, 2025, which led to unauthorized transfers from customers’ accounts.

An affidavit deposed to by Oluwasegun Falola, head of the E-Fraud Investigations Department at Union Bank, stated that the funds were fraudulently and erroneously transferred from the bank to various accounts across 53 financial institutions.

Falola explained that on March 23, 2025, the bank observed that N9.3 billion had been debited from customer accounts and dispersed into various accounts maintained by the respondent banks. He added that Union Bank immediately contacted the banks involved in a bid to halt further dissipation of the funds.

“The Fraud Desk Department of the bank, in the course of its investigations, discovered that the monies were transferred in trickles into several accounts domiciled with the 1st to 54th Respondents,” the affidavit stated.

Union Bank attributed the unauthorized debits to a system glitch and exploitation, which it says enabled the illicit transfers.

“The funds were erroneously and fraudulently transferred from customers’ accounts.

“Upon further investigation, it was found that the funds were subsequently moved from these primary beneficiary accounts to other accounts also held by the respondents.”

The bank disclosed that it had submitted the list of recipient accounts to the respective financial institutions as a preliminary measure to recover any remaining funds

To support its recovery efforts, the bank said its internal audit and legal departments compiled detailed reports tracing the flow of funds and identifying all beneficiary accounts.

When the case was mentioned on April 2, 2025, Union Bank’s counsel, A. Adedoyin-Adeniyi, informed the court that the stolen funds were still being moved.

“₦9.3 billion has been moved from the account, and they are still moving funds. We now have more people involved in moving the funds,” the lawyer told the court.

To support its recovery efforts, the bank said its internal audit and legal departments compiled detailed reports tracing the flow of funds and identifying all beneficiary accounts.

When the case was mentioned on April 2, 2025, Union Bank’s counsel, A. Adedoyin-Adeniyi, informed the court that the stolen funds were still being moved.

“₦9.3 billion has been moved from the account, and they are still moving funds. We now have more people involved in moving the funds,” the lawyer told the court.

In his ruling, Justice Deinde Dipeolu agreed with the submissions and thereafter granted a motion ex parte filed by the bank concerning the unauthorized fund transfers.

“Having reviewed the motion ex parte, the application is hereby granted,” the judge ruled.

The incident has raised broader concerns about the security of Nigeria’s banking infrastructure, especially as interbank transactions continue to increase. Financial analysts suggest that outdated systems and inadequate oversight may be exacerbating vulnerabilities, heightening the risk of fraud and transactional errors.

Union Bank did not respond to THE WITNESS’ inquiries as at press time.

(S) Witnessngr

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