EFCC invites Jigawa Savings officials over alleged financial misconduct
Kano Zonal Office of EFCC Summons Officials from Jigawa Savings and Loans
KANO, Nigeria (AP) — The Economic and Financial Crimes Commission (EFCC) has summoned several senior officials from Jigawa Savings and Loans, including members of the board of directors, amid allegations of financial misconduct.
On Wednesday, the officials, led by Managing Director Babandi Isa Gumel, spent several hours at the EFCC office responding to inquiries. This meeting coincided with the first day of Ramadan.
Sources indicate that the invitation was formalized in a letter from the EFCC, requesting that Gumel and select management staff appear around 1 p.m. on February 18, 2026. The commission also requested detailed account statements from the bank covering the period from January 1, 2024, to the present.
While some officials were permitted to leave later in the day, others remained in custody as of Thursday. The EFCC opted not to question Gumel separately, instructing him to return with the chairman of the bank’s Board of Directors for a joint appearance.
As of now, the EFCC has not released an official statement detailing the nature of the allegations or scheduling a follow-up appearance for the bank officials.
Attempts to obtain comments from Jigawa Savings and Loans were unsuccessful at the time of this report.
In related developments, the Jigawa State Government recently approved a capital injection of 1 billion Naira to bolster the financial standing of Jigawa Savings and Loans Limited, ensuring compliance with regulatory requirements. Commissioner for Information, Youth, Sports, and Culture, Sagir Musa, announced the decision at a press briefing following the state council’s first meeting of 2026. The capital infusion aims to help the bank meet the minimum capital requirements set by the Central Bank of Nigeria for primary mortgage institutions.
