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Kashim Shettima: 2 Years In The Saddle With A Visionary, Historical Reformer

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Kashim Shettima: 2 Years In The Saddle With A Visionary, Historical Reformer

By Stanley Nkwocha

The trademark of governance in a democracy is its regular consolidation. This has been the challenge with Nigeria’s democratic journey since 1999. Yearly, at individual and corporate governance levels, aspirations are set out to be pursued – objectives to be achieved and missions to which unflinching commitment is required. Where the vision is strong, the pursuit is fierce.

The slogan of the President Bola Ahmed Tinubu presidency on assumption of office on May 29, 2023 was, and remains, a significant cut-down on insecurity, poverty, enhanced transparency in the conduct of government affairs and management of the nation’s commonwealth, increased provision of infrastructures as well as enhancing economic condition of Nigerians.

In this pursuit, President Tinubu and his deputy, Vice President Kashim Shettima, set out to pursue economic transformation with all the vigour available to them. They spent the first few months criss-crossing the length and breadth of the global investment space, all in a bid to explain to the world the ease of doing business in Nigeria and why the country should be the investor’s delight.

Undoubtedly, the last two years of President Tinubu and Vice President Shettima have unveiled what is possible where a president is engrossed in selfless service to his nation, and his deputy is devoted to his boss’s policies, principles and ideals. Senator Shettima has consistently declared that he will remain loyal to his principal, President Tinubu, whom he has described as a reformer, builder and visionary leader. At various fora, he has constantly assured Nigerians that the President is fully committed to his campaign promises encapsulated in the administration’s Renewed Hope Agenda.

Two years down the line, it is evident that the administration’s multi-pronged approach is working. The economy has witnessed positive growth in the last two years and is progressing strongly. Just like the President has maintained that he will not have respite until Nigeria’s reputation as a $1trillion economy and investment destination is restored, his deputy, Senator Shettima has sustained the tempo in his capacity as Chairman of the National Economic Council (NEC), with meaningful government interventions, programmes and initiatives being spearheaded in the office of the Vice President.

Below are some of the key accomplishments of the Tinubu administration initiated and overseen by the office of the Vice President in the last two years:

AGRICULTURE

It has been manifestly clear from the beginning in 2025, when President Tinubu was seeking the position of the president of the country, that agriculture was going to be the major thrust of his administration. It is not surprising to see the President living up to that promise. The administration set out a regime of incentives to make farming more attractive once again, as it was in the 60s when Nigeria had groundnut pyramids in the North, cocoa in the West and palm oil in the East. Then Nigeria had enough to feed its population and an excess for export.

To this effect, Vice President Shettima embarked on international diplomacy to attract agricultural investments. As chairman of the NEC, he has been overseeing several agricultural initiatives. At the 3rd Belt and Road Initiative (BRI) Forum in China in November 2023, he promoted Nigeria as a safe investment destination for the agricultural sector. During his visit to the United States for the African Development Bank (AfDB) World Food Prize-facilitated Norman Borlaug International Dialogue, he sought investors’ commitments towards Nigeria’s agro-food sector development.

The Tinubu administration, through the Ministry of Agriculture and Food Security, signed a Memorandum of Understanding (MoU) with the American agricultural machinery manufacturer John Deere. The partnership aims to establish a tractor assembly plant in Nigeria to boost agricultural mechanisation and food production. Under the agreement, John Deere is to supply about 2,000 tractors annually to Nigeria over the next five years. The Vice President played a key role in initiating this partnership during his visit to the United States, where he met with John Deere officials.

Also, the international engagement tripled the African Development Bank’s (AfDB) agricultural interventions in Nigeria from $500 million to over $1 billion. The cumulative effects of the commitment from AfDB include the groundbreaking for the federal government’s Specialised Agro-Processing Zones (SAPZ) recently performed in Kaduna and Cross River State to revitalise Nigeria’s agricultural sector and reduce food import dependence. SAPZs are designed to industrialise rural economies by adding value to agricultural products, attracting investment, and reducing youth unemployment. Others are improved fertiliser availability for farmers, the establishment of Agro-Rangers to address farm security issues, and the implementation of modern agricultural practices.

In a bid to advance the Green Imperative Agricultural Project, the Vice President presided over the commercial signing of the $1.1 billion Nigeria-Brazil Green Imperative Project at the Presidential Villa. This initiative seeks to modernise Nigeria’s agriculture sector by supporting smallholder farmers and integrating them into global value chains. A government-catalysed, private-sector-driven agricultural industrialisation programme in Nigeria, VP Shettima is championing the Green Imperative Programme as an important component of the government’s broader strategy to boost agricultural productivity, increase crop yields, and make Nigeria self-sufficient in food production.

And to lead by example, Vice President Shettima launched the Kashim Shettima Foundation’s Agricultural Empowerment Programme in 2024. This personal initiative includes the distribution of essential farming inputs such as tractors, seeds, fertilizers, and herbicides to beneficiary farmers for the 2024 farming season; financial support of N100,000 per month to 50 beneficiaries for 4 months during the planting period, and the provision of startup funds up to N30 million for farmer cooperatives to establish commercial farms.

FOOD SECURITY

Throughout the history of humanity, agriculture has always played a pivotal role in social and economic development. Firstly, robust agriculture engagement ensures food security, which is the fundamental and best form of security because a nation that cannot feed its population is vulnerable, and in fact is sitting on a time bomb. When President Tinubu came to power in 2023, the first appeal he made was for Nigerians to return to the land, for therein lies true prosperity.

Acting on the President’s directive, Vice President Shettima inaugurated the Presidential Food Systems Coordination Unit (PFSCU), an initiative of the administration to tackle hunger and food insecurity in Nigeria. The PFSCU is tasked with harnessing resources and ideas from stakeholders, including state governors, to modernise farming practices, increase crop yields, and transform Nigeria into a self-sufficient food producer. If a person is food secure, it typically means that sufficient quality food is available, they have enough resources to buy food for a nutritious diet, and they have stable access to adequate food at all times.

NCP AND ECONOMIC REFORMS

In 2023, Vice President Shettima inaugurated the National Council on Privatisation (NCP) committee to drive the economic reforms of the Renewed Hope administration. The Council has remained a key institution in Nigeria’s journey toward a market-driven economy, balancing the challenges of reforms with the need for sustainable development. In late 2023, Vice President Kashim Shettima chaired a meeting of the National NCP focused on the recapitalisation and restructuring of the Bank of Agriculture (BOA). This initiative has helped greatly in revitalising the bank and making it more effective in supporting Nigeria’s agricultural sector. The Vice President has been actively involved in efforts to transform the BOA into a more robust financial institution capable of providing enhanced support to farmers and agribusinesses across Nigeria. Under Shettima’s supervision, there have been discussions about increasing the BOA’s capital base to strengthen its capacity to provide loans and other financial services to the agricultural sector. The Office of the Vice President has been working closely with the Ministry of Agriculture and Food Security and other relevant stakeholders to streamline the operations of the BOA and make it more accessible to smallholder farmers. There have been plans to leverage technology to improve the BOA’s reach and efficiency, including the possible introduction of digital banking services tailored for farmers. This is as the Vice President has been advocating for partnerships between the BOA and international development finance institutions to increase the pool of funds available for agricultural lending.

NUTRITION

Under the administration, the Vice President, who is the chairman of the National Council on Nutrition (NCN), has emphasised the importance of reinforcement in agriculture to combat malnutrition. Accordingly, he approved a 5-year National Multi-Sectoral Plan of Action for Food and Nutrition. Senator Shettima went on to push for the Nutrition 774 Initiative at the National Economic Council, an initiative aimed at tackling malnutrition by providing life-saving nutritional support across all local government areas. It focuses on community-based impact, particularly for mothers and children. A significant landmark within the initiative is the establishment of a House Committee on Food and Nutrition, the first of its kind, at both federal and state legislatures. The functions of the House committee include maintaining political commitment, pushing for legislative support, as well as ensuring that nutrition remains a priority in national policies and budgets.

HUMAN CAPITAL DEVELOPMENT (HCD)

As part of its resolve to position the nation among top 80 countries on the global Human Capital Index (HCI) by building a healthier, better-educated, and empowered Nigeria, the Tinubu administration stepped up government’s Human Capital Development (HCD) initiative aimed at improving education, healthcare, and skills training across the country to boost economic growth and create a more productive workforce. Under the chairmanship of Vice President Shettima, NEC took the initiative to its second phase (HCD 2.0), which focuses on areas like gender equality, climate change, digital economy, financial inclusion, and food and nutrition. It also aims to address unemployment, the informal sector, and low labour force participation. About 24 million Nigerians are set to benefit from the federal government’s Human Capital Development initiative, which aims to improve education, healthcare, and skills training across the nation. During the HCD Steering Committee meeting, VP Shettima insisted on swift, data-driven implementation of education, health, and workforce programmes across states. To this end, he launched the HCD Dashboard to monitor progress on key indicators like youth unemployment and learning poverty.

MSMEs

The Expanded National MSME Clinics is another initiative launched by the Tinubu administration to support and empower micro, small, and medium enterprises (MSMEs) across Nigeria, including in the agricultural sector. Vice President Kashim Shettima has played a central role in championing and overseeing the MSME Clinics programme, launching editions in states Benue, Ogun, Enugu, Jigawa, and Ekiti States, with federal government grants for business owners. The MSME Clinics aim to boost economic empowerment and support small-scale enterprises, including agricultural businesses, by facilitating access to finance, markets, skills, and regulatory compliance. The MSME Clinics have led to the launch of major ultramodern fashion hubs in these states. The fashion hubs are expected to create millions of jobs.

ENERGY AND INFRASTRUCTURE

In April 2025, Vice President Shettima inaugurated the Board of the Nigerian Independent System Operator (NISO) to address national grid reliability. Also, VP Shettima, in meetings with the World Economic Forum President and other global stakeholders, championed the African Atlantic Gas Pipeline and Lake Chad recharge. These projects aim to address energy shortages in West Africa, strengthen Nigeria’s export footprint, and boost agricultural resilience in the Sahel.

REVITALISATION OF THE NIGERIA-BRAZIL STRATEGIC DIALOGUE

In March, VP Shettima coordinated preparations for the revival of Nigeria-Brazil bilateral ties, which had stalled for over a decade. Discussions are now set to enhance cooperation in agriculture, health, military technology, and tourism, anchored on the upcoming Brazil-Nigeria Strategic Dialogue Mechanism.

RSPIC

The Tinubu administration launched the Resettlement Scheme for Persons Impacted by Conflict (RSPIC), a national initiative aimed at addressing the humanitarian crisis caused by internal displacements across Nigeria. The project, which is in its pilot phase, focuses on 7 states disproportionately affected by farmer-herder conflicts. They are Sokoto, Kebbi, Benue, Katsina, Zamfara, Niger, and Kaduna. Last year, Vice President Shettima, representing President Tinubu, presided over the groundbreaking ceremony for the RSPIC project in Kaduna State. Earlier, VP Shettima had inaugurated a steering committee to coordinate the implementation of the RSPIC initiative, fulfilling President Tinubu’s promise to improve the lives of Nigerians affected by conflict.

While the primary focus of the RSPIC is on providing relief and rehabilitation for conflict-affected communities, it is also linked to the administration’s efforts to address food insecurity in Nigeria. The areas targeted by the RSPIC have been significantly impacted by farmer-herder conflicts, which have disrupted agricultural production and food supply. By resettling and rehabilitating these conflict-affected communities, the RSPIC aims to restore their livelihoods and access to food, thereby contributing to the broader goal of improving food security in Nigeria.

FINANCIAL INCLUSION

Vice President Shettima has played an important role in advancing financial and economic inclusion as a foundation stone of the administration’s development agenda. In April 2024, he led the signing of the landmark Aso Accord for Economic and Financial Inclusion, uniting federal and state actors, financial institutions, and development partners around a shared commitment to integrate over 30 million unbanked Nigerians into the formal economy. He followed this with the launch of a national operating model aimed at transforming Nigeria into a $1 trillion economy by 2030 through improved access to credit, digital payments, and financial literacy. And to promote economic growth and financial inclusion, the Vice President, in February 2025, inaugurated the Presidential Committee on Economic and Financial Inclusion (PreCEFI). The financial inclusion efforts of the administration have been serving as a vehicle that helps Nigeria to bring life to dead capital.

Indeed, while the first half of President Tinubu’s first term in office can best be described as a remarkable and impactful success story, the unalloyed belief in his economic policies, institutional reforms and developmental ideas, especially by his lieutenants led by VP Shettima, is as inspirational as it is legendary.

As the administration steps into mid term of its first term in office, there is no doubt that President Tinubu foresight’s, vision, reforms, well thought-out policies and programmes will impact tremendously on the lives of Nigerians. His absolute trust in the capacity of the Vice President and all others in the cabinet to plan and execute the programmes and interventions of the Renewed Hope Agenda will motivate them to ramp up the business of governance for the overall benefit of the people.

Nkwocha is the Senior Special Assistant, Media and Communications to the President (Office of the Vice President)

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Kashim Shettima: 2 Years In The Saddle With A Visionary, Historical Reformer

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Nigeria, India Sign Landmark Human Rights Pact, Fagbemi Backs Stronger Institutional Independence

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Nigeria, India Sign Landmark Human Rights Pact, Fagbemi Backs Stronger Institutional Independence

…AGF pledges justice ministry’s support for implementation, demands practical safeguards for citizens in AI era

By: Michael Mike

Nigeria and India have signed a bilateral agreement to strengthen human rights protection, institutional capacity and access to justice, with the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN, pledging the Federal Government’s support for its implementation.

Fagbemi, who described the agreement as a strategic partnership between the two countries, said its success would ultimately be measured by its impact on ordinary citizens, particularly vulnerable and marginalised groups seeking justice.

The agreement, executed between the National Human Rights Commission (NHRC) of Nigeria and its Indian counterpart, is designed to deepen institutional cooperation, facilitate knowledge transfer, promote technical exchanges and strengthen operational capacity in addressing human rights violations.

The Attorney-General gave the government’s position on Tuesday in Abuja when he received a joint delegation of the two commissions at the Federal Ministry of Justice, describing the partnership as timely, particularly in an increasingly interconnected world where effective human rights protection requires stronger legal frameworks, institutional collaboration and respect for the rule of law.

The development followed a high-level engagement between the two commissions and the Chief Justice of Nigeria (CJN), at the Supreme Court Complex, Abuja, on Monday, as part of a two-day working visit by the Indian delegation.

The Nigerian delegation was led by the Executive Secretary of NHRC, Chief Tony Ojukwu, SAN, OFR, while the Indian delegation was headed by the Chairperson of India’s NHRC, Justice V. Ramasubramanian, accompanied by the Commission’s Joint Secretary, Mr. Samir Kumar.

Fagbemi said the partnership brought together two major democracies with shared common-law traditions, diverse populations and dynamic constitutional frameworks, expressing satisfaction with the thematic areas identified for cooperation under the agreement.

He specifically highlighted access to justice and the protection of digital rights as critical areas requiring urgent attention, particularly as emerging technologies, including Artificial Intelligence, continue to reshape society and create new human rights concerns.

According to him, both countries must develop legal safeguards to protect data privacy, prevent algorithmic bias and safeguard civic space, while ensuring that technological advancement does not undermine fundamental freedoms.

He said the Ministry of Justice expected the two commissions to produce actionable research and policy recommendations capable of addressing these emerging challenges.

Beyond emerging technologies, the Attorney-General stressed that Nigeria’s commitment to human rights must be reflected in the practical implementation of constitutional guarantees and international obligations, rather than merely in the existence of legal provisions.

He cited the African Charter on Human and Peoples’ Rights, which Nigeria domesticated through the African Charter on Human and Peoples’ Rights (Ratification and Enforcement) Act, Cap. A9, Laws of the Federation of Nigeria 2004, as a major instrument underpinning the country’s human rights jurisprudence.

The Charter provides important protections relating to non-discrimination, human dignity, fair trial and personal liberty, reinforcing the fundamental rights guaranteed under Nigeria’s Constitution.

Fagbemi maintained that the true measure of a country’s commitment to human rights was its ability to translate constitutional provisions into accessible institutions, accountable public authorities and an independent judiciary.

He assured the Indian delegation that the Federal Ministry of Justice fully supported the bilateral initiative and was prepared to facilitate technical engagements, joint legal reviews and policy consultations aimed at improving the efficiency of the justice sector.

The Attorney-General also used the engagement to reaffirm the institutional independence of Nigeria’s National Human Rights Commission, stressing that its autonomy was essential to its credibility and effectiveness.

He specifically drew attention to Section 6(3) of the National Human Rights Commission (Amendment) Act, 2010, which provides that the Commission, in exercising its statutory functions, shall not be subject to the direction or control of any other authority or person.

According to him, the administration has continued to respect and protect the Commission’s statutory independence, describing it as fundamental to institutional integrity.

He further noted that the relationship between the NHRC and the Federal Ministry of Justice had been characterised by constructive institutional synergy, mutual respect and a shared commitment to advancing human rights.

The Attorney-General commended Ojukwu and the Nigerian commission for spearheading the bilateral initiative, while expressing appreciation to the Indian delegation for bringing its expertise and institutional experience to the partnership.

Earlier, during Monday’s engagement with the Chief Justice of Nigeria, the Executive Secretary of NHRC Nigeria had emphasised the complementary responsibilities of the judiciary and national human rights institutions in protecting fundamental freedoms, upholding the rule of law and ensuring access to justice.

Ojukwu identified complaint management, Alternative Dispute Resolution, security sector accountability, comparative legal research, digital rights, Artificial Intelligence ethics and environmental justice as priority areas for cooperation between both countries.

The Chief Justice reaffirmed the commitment of the Nigerian Judiciary to human rights protection and encouraged both commissions to exchange experiences and adopt best practices, particularly in strengthening safeguards for vulnerable groups, including women, children and persons with disabilities.

The Indian delegation described the engagement as significant to relations between the two countries, noting that the MoU represented a first-of-its-kind institutional partnership for India’s National Human Rights Commission.

The agreement is expected to promote sustained institutional exchanges, strengthen complaint-handling mechanisms, improve professional capacity and encourage comparative research into legal and policy approaches to human rights protection.

The partnership also comes at a time when national human rights institutions face increasing demands to address abuses linked to security operations, discrimination, environmental degradation, digital surveillance and the misuse of emerging technologies.

For Nigeria, the collaboration offers an opportunity to strengthen its human rights enforcement architecture through international knowledge-sharing while reinforcing the independence and operational effectiveness of its national commission.

Fagbemi, however, cautioned that the ultimate benchmark of the agreement must go beyond official engagements and institutional exchanges to deliver tangible improvements in the lives of citizens, especially those most vulnerable to violations and denied access to justice.

He wished the Indian delegation a productive stay in Nigeria and expressed confidence that the partnership would advance the shared commitment of both countries to human dignity, justice and the protection of fundamental rights.

Nigeria, India Sign Landmark Human Rights Pact, Fagbemi Backs Stronger Institutional Independence

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NSCDC Strengthens Gender Policy Implementation, Trains Officers on SGBV, Digital Safety

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NSCDC Strengthens Gender Policy Implementation, Trains Officers on SGBV, Digital Safety

By: Michael Mike

Corps partners SPRING, FCDO, TechHer to promote women’s participation in peacebuilding, tackle technology-facilitated violence

The Nigeria Security and Civil Defence Corps (NSCDC) has intensified efforts to combat sexual and gender-based violence (SGBV), strengthen women’s participation in security decision-making and promote digital safety among young people through the implementation of its Gender Policy II.

The Commandant-General of the Corps, Prof. Ahmed Audi, stated this at a two-day Gender, Women, Peace and Security capacity-building training organised at the NSCDC College and Support Staff Service, Udege, Nasarawa State.

The training was organised in collaboration with Strengthening Peace and Resilience in Nigeria (SPRING), with support from the United Kingdom’s Foreign, Commonwealth and Development Office (FCDO).

Audi, who delivered his keynote address through a representative, said the policy provided a framework for mainstreaming gender considerations into the Corps’ operations, personnel management, leadership structure and community engagement.

He stressed the need for effective prevention and response to sexual and gender-based violence, including conflict-related abuses and technology-facilitated violence.

The Commandant-General also called for increased participation of women in peacebuilding and security decision-making, equal opportunities within the Corps and stronger partnerships with traditional institutions, government agencies, civil society organisations and development partners.

He urged commands and personnel, particularly Gender Desk Officers, to ensure effective coordination, timely reporting, appropriate referrals, monitoring and accountability in handling gender-related cases.

Audi described the implementation of the policy as a collective responsibility requiring sustained commitment across all levels of the Corps.

In a goodwill message, the Osu Ajiri of Edege Chiefdom, Alhaji Suleiman Ahmed Eko IV, commended the NSCDC for its presence in the community, saying its operations had strengthened the sense of security among residents, particularly farmers.

The traditional ruler pledged the support of his council in addressing gender-based violence, describing the protection of the community as a priority.

Earlier, the Commander of the College, ACG Jamilu Indabawa, said collaboration among relevant stakeholders was critical to achieving effective implementation of the gender policy.

The Gender Equality, Diversity and Social Inclusion Lead of SPRING, Mrs Amina Akano-Bello, said the training was designed to promote peaceful and resilient communities through early identification and response to gender-based violence, as well as the inclusion of women and young people in leadership.

Also, the NSCDC National Headquarters Gender Unit Adviser, DCC Ajet Kemi, provided participants with insights into the different forms of sexual and gender-based violence, their societal implications and preventive measures.

A retired Assistant Commandant-General, Ahmed Abodurin, who facilitated a session on institutional ethics in gender policy implementation, emphasised professionalism, accountability, gender sensitivity and adherence to institutional standards.

Beyond the capacity-building exercise, the Corps partnered TechHer, an organisation promoting women’s advancement through technology, to extend digital safety awareness to schools in Udege.

The outreach, themed “Stop Technology-Facilitated Gender-Based Violence”, educated students on the dangers of digital abuse, responsible online behaviour and measures for staying safe in digital spaces.

Representatives of the Federal Ministry of Interior, Nasarawa State Ministry of Women Affairs and Social Development, Nasarawa State Ministry of Justice and Gammuo International also delivered goodwill messages, reaffirming the importance of collective action in advancing gender equality, peace and security.

NSCDC Strengthens Gender Policy Implementation, Trains Officers on SGBV, Digital Safety

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Bank customer alleges N2.59m theft from two GTBank accounts

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Bank customer alleges N2.59m theft from two GTBank accounts

By: Michael Mike

A customer of Guaranty Trust Bank, Stella Adepegba, has accused the bank of negligence after fraudsters allegedly stole N2.59m from two accounts belonging to her and her daughter within 24 days.

Adepegba said the incidents occurred on October 8 and November 1, 2026, with the perpetrators allegedly transferring funds without authorisation or security notifications.

She accused the bank of failing to refund the money despite repeated complaints and assurances that the matter would be resolved.

According to her, the first incident involved her daughter, Victoria Adepegba, whose Child Saver’s Account was allegedly compromised on October 8 at about 8pm.

She explained that N2.507m was transferred through the Nigeria Inter-Bank Settlement System Instant Payment channel in four transactions, leaving less than N2,000 in the account.

Adepegba said N399,000, N398,000 and N220,000 were transferred to a Moniepoint account bearing the name Abdulmalik Idris, while another N1.49m went to a GoMoney account bearing the name Zainab Ibrahim.

She alleged that no debit alerts were received, adding that a GTBank employee informed her of the transactions and offered to block the account after the money had already been withdrawn.

The complainant said she reported the incident at the bank’s Kubwa branch in Abuja on October 9 and was instructed to document the unauthorised transactions.

However, she alleged that the bank subsequently sent an email attributing the transactions to compromised login credentials, an explanation she rejected.

Adepegba said another N80,000 was fraudulently transferred from her personal GTBank account on November 1 to a FairMoney account bearing the name Jamilu Ahmad, bringing the cumulative loss to N2.587m.

“GTB could not explain how the hackers successfully stole my money despite changing my account’s log-in details after the attack on my daughter’s account. The bank must refund the stolen funds and go after those who masterminded the fraud,” she said.

She insisted that her mobile phone, SIM card and ATM card were in her possession during both incidents, adding that she neither disclosed her banking credentials nor received OTP requests.

“The implication of these targeted attacks on my bank accounts is that no customer’s funds are safe with GTB, and if anything happens, the bank will not accept responsibility or offer any succour whatsoever,” she lamented.

She stated that a compliance officer, Innocent Ukatu, and the bank’s media consultant, Cornelius Onuoha, initially assured her that the complaint would be resolved.

Reacting to the incident, the Chief Communications Officer of Guaranty Trust Holding Company Plc, Mrs Oyinade Adegite, said the incidents had been investigated and feedback provided to the customer.

She attributed the compromise to customer-side security vulnerabilities, explaining that fraudsters increasingly deploy sophisticated phishing techniques to obtain banking credentials.

“Immediately this came up, it was escalated and investigated, and feedback has been given,” she said.

Adegite explained that customers could unknowingly compromise their accounts by clicking malicious links that install malware that can capture sensitive information.

“Now it’s a phishing link you might click on that sometimes would actually install malware on your phone,” she said.

She maintained that the bank had implemented the necessary security safeguards, including two-factor authentication, and insisted the compromise originated on the customer’s end.

“All the measures the bank has to put in place for us, 2FA, everything was done. So, the compromise came clearly from the customer,” she stated.

However, she expressed sympathy for the losses and said she would follow up on the second incident to explore possible intervention.

The allegations come amid regulatory scrutiny of Nigerian banks over consumer protection and compliance failures.

An earlier analysis of audited financial statements showed that Guaranty Trust Holding Company, GTBank’s parent company, incurred N383.65m in regulatory penalties in Nigeria in 2024.

The sanctions included N56m for consumer protection violations, N160.4m following a Central Bank of Nigeria mystery shopping exercise, N149.25m for compliance-related issues and bank email returns, and N18m following a foreign exchange examination.

Bank customer alleges N2.59m theft from two GTBank accounts

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