EFCC Questions Jigawa Savings Officials Over Misconduct

The Economic and Financial Crimes Commission (EFCC) has invited senior officials from Jigawa Savings and Loans, including Managing Director Babandi Isa Gumel, to appear for questioning regarding alleged financial misconduct. The invitation was issued from the EFCC's Kano zonal office, requesting the officials to present themselves at 1 PM on Wednesday, February 18, 2026.

The investigation is focused on the bank's financial activities, with the EFCC demanding detailed account statements covering the period from January 1, 2024, to the present. Reports indicate that Babandi Isa Gumel spent several hours at the EFCC office on the first day of Ramadan responding to inquiries.

Following the questioning, some officials were allowed to leave, while others remained in custody. The EFCC has not provided an official statement clarifying the nature of the allegations or when the bank officials will be required to reappear.

Meanwhile, the Jigawa State government has approved a recapitalization of N1 billion for Jigawa Savings and Loans to strengthen its financial position and ensure regulatory compliance.