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Corrupt Nigeria’s Legislators in Billion Dollar Scam before the End of tenure

Dimeji Bankole

Speaker Bankole of NASS

With few days to the end of their tenure, only God know how much Nigeria’s legislators would cart away in billions of Naira before their eventual departure. Few months ago, this lousy speaker of Nigeria’s legislative chamber and the leader of House of Representatives, Oladimeji Bankole was condemning civil servants as representatives of most corrupt institution in Nigeria. Today just few weeks to the end of the legislators’ tenure, his/their corrupt practices running to billions of Naira, dollars and pound sterling are being exposed.

The Nigeria’s Economic and Financial Crimes Commission (EFCC) has confirmed that it has received petitions against the Speaker over purported misappropriation of N21.3 billion and promised to embark on immediate investigation of the matter.

A body called Youth Anti-corruption League has also sent a petition to the anti-graft agency against the abuse of due process and corrupt practices by Speaker and request for his arrest and prosecution. The body queried why nothing has happened to the Speaker when there have been evidence that petitions have been filed against him since 2008.

The commission has received several petitions against the Speaker about the N2.3billion car scam arising from the purchase of 407 Peugeot cars for the House of Representatives in 2008. Certain members of the progressive group of legislators had submitted a petition against the same Speaker on the abuse of due process and corrupt practices associated with the N9 billion Capital Budget of the House for 2008/2009 sessions.

And now the latest allegation is that Bankole approved a loan of about N10billion for the House of Representatives without any resolution of the House. The loan was allegedly taken on behalf of the lawmakers, while the transaction was allegedly smuggled the money into the 2011 budget. Hon Dino Melaye and his ‘Progressive’ group members had alleged that Bankole inflated contract sums to distribute the said N9billion.

In addition to this workers in the nation’s oil industry have called on the National Assembly to suspend the passage of the Petroleum Industry Bill (PIB) until after the swearing in of the newly-elected officials because they learnt some legislators were demanding for bribery in millions of dollars from multinational oil companies operating in Nigeria.

The lawmakers are now expecting to be paid billions of Naira as their Severance Gratuity allowance. Imagine! The salary of a federal legislator is less than a million Naira but there is wide speculation that their individual monthly take-home pay is about N30 million.

Like one writer noted recently “Members of the National Assembly have imposed enough burden on Nigerians. They are grossly over-paid and heavily under-worked. Several weeks into the second quarter of the year, Nigeria is yet to have an implementable budget. The National Assembly in its spendthrift nature padded its allocation by more than 110 per cent.”

Though it could not be easy to get completely incorrutible and clean Nigerians, some political office holders are just too dirty and “BRUTALLY’ corrupt. The development is not strange considering my recent opinion in this article: Corruption between Legislators and Civil Servants in Nigeria


About the author

Yushau Shuaib


  • They are our representative who we elected. They deserve all the respect from us as nigerian citizens, journalists, lawyers and civil servants

    • Fridaus ,You must be eating from the illegal loot of our national treasury, tax-payers money. No reasonable person would support corruption and I have no respect whatsoever for anyone that loots from the treasury.respect indeed, utter rubbish!!!!!!!!!!!

  • It would be a shame on a man who initially accused civil servants as the currupt ones. Besides, being a young legislature one would expect Mr. Speaker to always have at heart matters regarding national interest and the future of the youths. Consequently, the youths are not well represented by Mr. Speaker.

  • I just learnt that ‘Ole’ in yoruba language is ‘thief’. So when ‘Bank’ and ‘Ole’ is merged together it become ‘Bankole.’ Therefore the actions and allegation against Speaker bankole is not surprise.

  • His tenure in the house will go down in the history of Nigeria as the most corrupt. It is painful a youngman can get himself involved in such monunmental yet suppressed scandals, the law will catch up with him

  • I never trust Nigerian politicians and our so called elected officers. Until after anticipated revolution before I could change my mins

  • He has postive and negative sides but he has achieve more and impact positively on Nigeria that the shortcoming. Let sleeping dog lays

    • @adangu who are reckless with your irresponsible comment that we should tolerate corrupt people. Which positive side does he have?

  • Na wooah , its disgusting to hear that the Rt Hon. D. Bankole who earlier accused civil servant as the most corrupt officers in the nation, Now with few weeks to the end of his tenure, Mr Speaker was involved in 10 Billion naira scam, hope the EFCC/ ICPC will not allow him to go free like he escape during the Hon,Diminolaye saga that expose his can of worms…….9ja for you.

  • Bankole’s brother arraigned over N2.8m fraud: The Punch Newspaper just reports today that a younger brother of the Speaker of the House of Representatives, Mr. Dimeji Bankole, Toyin, was on Friday arraigned before Court in Abeokuta for allegedly defrauding one Modinat Odunlami of N2.8m. Also arraigned with Bankole’s younger brother was one Segun Baruwa, who allegedly conspired to commit fraud by collecting money from Odunlami through fraudulent means.
    The police prosecutor told the court that the accused collected the money under the pretence that they would help her and her daughter to secure an overseas visa and admission respectively.

  • I feel pity for Bankole when saw the new pictures of his arrest. I just wish he was more cautious

  • Everything about this guy has been forgotten. No one say anything about this Bank ole anymore as he henjoys his loots. Very soon he may contest for higher position but onlyt in Nigeria.

  • The legislators would continue to misbehave. Look at Senator Goje and the likes of andy Uba, sarakis, dariyes etc making law against which corruption. I simply couldn’t depart your web site prior to suggesting that I actually enjoyed the usual information you provide your visitors.

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