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Farmers Accuse Banks Of Diverting Agric Funds To Real Estate
A former Chairman of the Agriculture and Non-Oil Group of the Lagos Chamber of Commerce and Industry, Prince Wale Oyekoya, opened a can of worms on the financial institution in Nigeria, Thursday, when he accused them of diverting funds meant for agricultural development into the real estate sector.
Oyekoya, who is also the Managing Director and Chief Executive Officer of Bama Farms Limited, said the action has worsened the financing crisis farmers across the country are facing.
He made the accusation at a panel session during the 2026 Agriculture and Agro-Allied Summit organised by the Nigerian-British Chamber of Commerce in Lagos. The theme of the summit was: “Ensuring Food Security in Nigeria: Innovations, Investments and Policy for a Resilient Future” .
Fielding questions on whether Nigeria has adequate data to identify genuine smallholder farmers at the point of loan disbursement, Oyekoya insisted that such information already exists within government structures through cooperatives and farmer clusters.
“Yes, there’s always data when you go to the ministries. When you go to any government establishment, that is why they say they deal with cooperatives and clusters. So every farmer, every stakeholder in farming in any state must be registered,” he said.
According to him, poor implementation and weak financial commitment remain major obstacles to sustainable agricultural development.
“I believe financial institutions are mostly the problem farmers have. I’m a living witness and I have so many experiences with them that when some of these funds are being given to the banks to be given to the farmers, most of them divert the funds to real estate,” he alleged.
He added that government, banks and private sector players all have roles to play in ensuring food security and sustainable growth in the sector.
However, Manager, Agribusiness and Non-Oil Export, Union Bank, Mr. Utomi Ezinwa, slightly disagreed with Oyekoya. He said that access to finance remained difficult for smallholder farmers because of the risks associated with fragmented production systems.
According to him, lenders are more willing to finance farmers when they operate in groups and have guaranteed markets through anchor arrangements.
“Some smallholder farmers can’t work alone. It is important that they work in association and link up to an anchor. When the market is guaranteed, we check the anchor himself, does he have capacity, does he have track record? There’s nothing stopping us from funding smallholder farmers,” he said.
Ezinwa noted that financing costs also remain a major burden on agricultural production.
“One of the major challenges apart from financing itself is the cost of the financing and we need to talk about it,” he added.
In his presentation, Guest speaker, Founder And Managing Director of Babban Gona , Mr. Kola Masha warned that Nigeria’s food security crisis could worsen if investment in agriculture and rural youth empowerment is not urgently scaled up.
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Corruption Turning Nigerian Courts To ‘Market Stalls’ – Retired Justice Augie
A retired justice of the Supreme Court, Amina Adamu Augie, has warned that corruption within Nigeria’s judiciary and legal profession is eroding public confidence in the administration of justice and transforming the courts from institutions of impartiality into what she described as “market stalls.”
Speaking in Abuja during the 40th anniversary celebration of the Nigerian Law School Class of 1986, popularly known as the Centennial Class, Augie said corrupt practices involving judges, lawyers and court officials had weakened the credibility of the justice system and damaged the public’s perception of the legal profession.
The retired justice called for practitioners found guilty of misconduct to be punished, regardless of their seniority, influence or professional standing.
Augie, who taught at the Nigerian Law School before beginning her judicial career, identified corruption, political interference, inadequate funding and delays in the administration of justice as some of the most serious challenges facing Nigeria’s judiciary.
“The third, which I will not dress up, is corruption. Where it exists on the Bench, at the Bar, or in the Registry, it poisons everything by turning the one place that a citizen should find impartiality into one more market stall,” she said.
She nevertheless cautioned against the blanket condemnation of the judiciary, stressing that the majority of judges and lawyers remained honest, hardworking and poorly remunerated.
According to her, the justice system must be designed in a way that protects judicial officers and other legal practitioners from undue pressure and temptation, rather than exposing them to conditions that make misconduct easier.
Augie expressed particular concern about the conduct of some senior members of the legal profession, saying their actions had contributed substantially to the decline in public trust in the courts and the wider justice system.
“Have we kept faith with them? In part, YES, in part, NO. Public trust has paid the price. The public today is quick to believe the worst of lawyers, and sorry to say, not always without cause,” she said.
“When a few senior members of the profession have been found to traffic in the corruption of justice, the damage is not to them alone; it stains the gown we all wear.”
She said rebuilding confidence in the legal system would require more than public relations campaigns or efforts to improve the image of the judiciary. In her view, the profession must demonstrate a willingness to discipline its members openly and fairly, without being intimidated by their status.
“Restoring that trust is not a matter of better public relations. It is a matter of conduct and a profession willing to discipline its own, without fear or favor, no matter how senior the offender may be in the legal profession,” she said.
The retired justice reminded lawyers that their foremost duty was to the court and the administration of justice, not merely to the clients who retained them. She said professional responsibility demanded honesty, candour, respect for judicial authority and commitment to the rule of law.
Augie urged lawyers to reject attempts to manipulate court proceedings, manufacture or distort evidence, delay cases unnecessarily or secure favourable judgments through improper influence.
She also warned that corruption could not be addressed in isolation from the broader conditions under which the judiciary operates. Inadequate funding, she said, posed a serious threat to judicial independence because a court that depended on the executive for basic infrastructure and operational needs could not be regarded as completely autonomous.
“A Judiciary that must beg the executive for a Courtroom roof, vehicles, or even the Judges’ entitlements is not fully free; financial autonomy for the Courts is not a perk for Justices and Judges, but a guarantee for litigants,” she said.
Augie further criticised the delays and high costs that continue to make litigation inaccessible to many Nigerians. She described delay as the “chronic disease” of the country’s justice system and said it had weakened public confidence in the courts.
Drawing on her experience at the Supreme Court, she said the apex court was burdened by an excessive number of appeals, including disputes that should ordinarily have been resolved at lower levels of the judicial system.
She recalled an appeal concerning the burning of 12 goats that eventually reached the Supreme Court, despite the enormous workload already confronting the court.
According to her, constitutional amendments were needed to narrow the categories of cases that could be taken to the apex court. Such reforms, she said, would enable Supreme Court justices to focus on matters involving significant constitutional, legal and national questions.
Augie also condemned the repeated failure of government authorities to comply with court orders. She cited the prolonged detention of former National Security Adviser Sambo Dasuki and Islamic Movement leader Ibrahim El-Zakzaky, despite judicial directives ordering their release.
She said the disobedience of court orders by public officials weakened the authority of the judiciary and sent a dangerous message that compliance with the law was optional for those in power.
Reflecting on the development of Nigeria’s justice system over the past four decades, Augie acknowledged that progress had been made, particularly since the country’s return to democratic rule in 1999. However, she expressed disappointment that justice remained slow, expensive and beyond the reach of many citizens.
She referred to Nigeria’s ranking of 120th out of 143 countries in the 2025 World Justice Project Rule of Law Index, describing the position as an uncomfortable indication of the country’s institutional weaknesses and the continuing challenges facing its justice system.
Augie called for comprehensive reforms to strengthen judicial independence, improve access to justice, modernise case management, reduce delays and restore ethical standards across the legal profession.
She urged members of the Class of 1986, many of whom now hold senior positions in the judiciary, government and legal profession, to use their influence to defend the rule of law and rebuild public confidence in the courts.
“If Governments obey the Courts, if its Judgments are enforced, if justice comes within a reasonable time and within reach of the poor, if the profession upholds its integrity and disciplines its own, Nigeria would be better positioned to secure its future”, she said.
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FRSC Ogun Sector Commander, Ogunjobi, Dies After Brief Illness
The Federal Road Safety Corps (FRSC) has announced the death of its Ogun State Sector Commander, Corps Commander Oludare Ogunjobi, following a brief illness.
The FRSC RS2.2 Ogun State Sector Command announced his death in a statement issued on Sunday, expressing sadness over the loss of the senior officer.
The statement, signed by the Command’s Public Relations Officer, Chief Route Commander Afolabi Odunsi, described Ogunjobi’s death as a significant loss to the Corps and the wider road safety community.
“His passing is a great loss to the Corps, his colleagues, and the entire road safety community,” the statement said.
The Command said the late sector commander would be remembered for his leadership, commitment to road safety administration and dedication to the mandate of the Corps.
It added that he contributed to efforts to promote safer roads, enhance public enlightenment, strengthen stakeholder engagement and improve compliance with traffic regulations.
According to the statement, his commitment to these areas formed an important part of his service to the FRSC and its mission to improve road safety.
The Command also extended its condolences to Ogunjobi’s family, loved ones, colleagues and associates, acknowledging the grief caused by his death.
“His demise is deeply regretted, and the Command extends its heartfelt condolences to his family, loved ones, colleagues, and associates during this difficult period,” the statement added.
The FRSC said details of the funeral arrangements would be communicated in due course.
The statement concluded with a prayer for the repose of the deceased’s soul and strength for his family, colleagues and others affected by his passing.
“May God grant his soul eternal rest and give his family, the Corps, and all those affected by his passing the strength to bear this irreparable loss,” it said.
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2027: I’m More Scared Of Divisions Within APC Than Atiku, Obi – Shettima
Vice-President Kashim Shettima has said internal divisions within the ruling All Progressives Congress (APC) worry him more than opposition figures Atiku Abubakar and Peter Obi ahead of the 2027 general elections.
Shettima spoke on Saturday in Abuja at the unveiling of the campaign headquarters of Arewa for Asiwaju (A4A), a northern coalition supporting the re-election of President Bola Tinubu and the Vice-President.
“Honestly, I am not afraid of the Peoples Democratic Party (PDP). I am not afraid of a diminished Peter Obi.
“But I am more afraid of internal contradictions within our household. If we unite as a people, as a family, we will conquer,” he said.
He warned northern political leaders against supporting Tinubu’s presidential campaign while undermining APC governors seeking re-election in their states.
“There is no point in championing the cause of the presidential election and then undermining the governor in the gubernatorial election. Honestly, it will not go down well with the system,” he said.
Shettima urged party members to support APC governors, National Assembly members and the President to secure victory in the forthcoming elections.
“Let’s rally round our governors. Let’s rally round our members of the National Assembly. Let’s rally round President Bola Ahmed Tinubu and see to the victory in the next round of elections,” he added.
The Vice-President expressed confidence in the North’s support for Tinubu, saying the region had made its position clear.
“By now, I believe the North has spoken. We have spoken with a resounding voice and unmistakable conviction.
“From Adamawa to Zamfara, from Borno to Niger, we have spoken,” he said.
He also urged APC members to intensify their campaigns ahead of the polls, which he said were less than 100 days away.
On former Vice-President Atiku Abubakar, Shettima challenged party members to defeat him at the polls while maintaining respect.
“Go and perform. Go and defeat Baba Atiku. Defeat him respectfully,” he said.
Shettima said the APC had sufficient personnel to cover the country’s 176,845 polling units, citing the party’s 361,045 officials across ward and local government structures.
He also stressed the need for political appointees to demonstrate their electoral strength in their communities, saying he had asked the Borno State governor to account for appointees from the state down to the local government level.
“Politics is still local,” he said, adding that their performance should be assessed at their polling units, wards and local government areas.
The Vice-President said 18 of the 19 northern states were controlled by the APC. He also claimed that 15 of the 18 members of the House of Representatives elected on the platform of the New Nigeria Peoples Party (NNPP) from Kano State had defected to the APC.
Acknowledging the economic difficulties facing many Nigerians, Shettima said the administration remained conscious of the challenges confronting households.
“Every household struggling to make ends meet reminds us how much remains to be done,” he said. “We lose our hearing when applause becomes our only source of information.”
He defended Tinubu’s economic policies, claiming that the President inherited a fragile economy with foreign reserves of $3.9 billion and Ways and Means advances exceeding ₦27 trillion.
“Nigeria was on the road to Caracas. The economy was teetering on the brink of collapse. He literally saved the nation,” Shettima said.
He added that the country’s foreign reserves had risen to about $58.9 billion, describing the development as a significant improvement.
“For the North, we have absolutely nothing to fear in a Tinubu second term. He has the North at heart,” he said.
APC National Chairman, Professor Nentawe Yilwatda, called for Tinubu’s re-election, citing infrastructure projects in the North, including the Abuja-Kaduna-Kano and Kano-Maiduguri highways.
Yilwatda said the two road projects covered more than 900 kilometres, arguing that they demonstrated the administration’s commitment to infrastructure development in the region.
The Director-General of A4A and former Jigawa State governor, Muhammad Badaru Abubakar, said the coalition’s campaign headquarters was located at No. 4 Port Harcourt Street, Area 11, Garki, Abuja.
Describing the building as “the biggest campaign office anywhere in the country”, Badaru said the coalition would run a disciplined, peaceful and issue-based campaign across markets, farms, campuses, mosques and churches.
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