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ALEX OTTI IN MESS! AS FRESH FRAUD SCANDAL ROCKS DIAMOND BANK ………STAFF ARRESTED FOR ROBBERY!!

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Diamond Bank Plc  is one bank that is synonymous with fraudulent activities in Nigeria. Just when most banks in Nigeria are investing heavily in making their online banking operations very secure ,thereby building customers’ confidence, Diamond Bank seems to be left behind and happy at the hardship its customers are presently languishing in due to the bank’s inefficiencies.

Or  can best explain how some fraudsters transferred the hard-earned money of a customer of the bank who paid the bank for a so-called ‘secure token’, which is an anti-fraud hardware, and Diamond Bank cannot explain how the ‘secure token’ was breached and money moved without its customers consent.

Diamond Bank is now trying to absolve itself from the whole mess?
The bank cannot still explain what happened to the N818, 000 of the said customer or explained the accounts where the money was transferred to. If information at our disposal is anything to go by, then  Diamond Bank’s customers will have to sleep with their two eyes wide open. This because even the bank’s MD, Alex Oti, is not left out in an alleged money laundering scandal.

Findings reveal that  Alex Oti is in a terrible mess as his name has been mentioned in multiple money laundering petitions to the Economic and Financial Crimes Commission, EFCC.

On the EFCC table is a huge allegation of money laundering against Alex Oti who allegedly helped Nassarawa State Governor launder huge billions of Naira.

In a related development, a senior staff of Diamond Bank, Marilyn-Joan Obiora, was prosecuted by the EFCC at the Federal High Court in Umuahia, Abia State. Obiora’s stunts were exposed in a petition by Stephen Inegbu, the bank’s zonal security supervisor in Port Harcourt.

His petition was inspired by the bank’s inspection unit, which discovered that Obiora, abetted by four other staff of the bank, made fraudulent withdrawals totaling N125.6 million in three installments.

Obiora and colleagues withdrew N26 million, N91.6 million and N8 million.

Like Obiora, the duo of Ebele Okoh and Charles Amadi, also of Diamond Bank, also faced allegations before the Karu Chief Magistrate’s Court, Abuja. Okoh and Amadi of the bank’s Zone 4 branch in Abuja were accused of withdrawing N250,000 from a customer’s account. Police prosecutor, Garba Mohammed, explained that Okoh and Amadi scanned the signatures of some customers, with the intention to use them for withdrawals.

The suspects did not go far in their scheme before they ran out of luck. By then, they had withdrawn N250,000 from the account of one L. A. Mittee through one Amaechi Josiah, who is also being tried for alleged theft in the same court.

Also, a staff of the Item Street branch of the Diamond Bank Plc, Owerri, Daniel Chibueze Meshach is presently cooling his heels in the detention cell of the Imo state Police command for allegedly masterminding an armed robbery operation in the state.

Daniel Meshach, 27, from Isingwu Ofeme-Ohuhu in Umuahia North council area of Abia state and two others were arrested by men of the Ambush Squad of the Imo state police command after a fierce confrontation with the Police as they tried to escape the scene of crime after successfully robbing their victim of cash and valuables at Umurim, Nekede, in Owerri West Council area of Imo state.

Lamenting his fate, the very eloquent banker confessed to the crime. He agreed he planned the operation and picked the victim of the robbery himself, apparently through privileged information. He blamed his involvement in armed robbery on peer pressure and pleaded to be given a second chance.

Also arrested and paraded alongside the banker was one Emmanuel Chisom, a student of the Federal Polytechnic Nekede, Owerri, who confessed to supplying three firearms for the robbery operation.

Chisom we gathered, denied being the current leader of a dreaded campus cult group as alleged, noting that he was deposed last year, as leader of the Vikings confraternity, after what he termed a ‘mutiny’. It is widely believed that apparent cult involvement may have drawn the banker into crime.

Two locally made pistols were also recovered from them. However, the Imo state Police command has assured that the banker and his gang would soon be charged to court on completion of investigations into the matter.

We will update you the fresh angle of how 3 executive directors are still facing the EFCC in our next  edition as investigation is ongoing.

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House Of Representatives Issues Warrant Of Arrest On Central Bank Governor, Cardoso, Accountant-General, 17 Others

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The House of Representatives’ Committee on Public Petitions has asked for a warrant of arrest to be issued on the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, the Accountant-General of the Federation (AGF), Oluwatoyin Madein, and 17 others over refusal to appear before it to answer questions on their operations.

It was gathered that the issuance of the arrest warrant was sequel to the adoption of a motion moved by Fred Agbedi, representing Ekeremo/Sagbama Federal Constituency of Bayelsa State on the platform of the Peoples Democratic Party (PDP) at the committee’s hearing on Tuesday.

Agbedi, while moving the motion, said that the arrest warrant had become imperative following the attitude of the invitees, adding that the parliament worked with time and the CEOs had been invited four times but failed to respond to the invitations.

Agbedi said that the CBN Governor, the AGF and the rest of the invitees should be brought to appear before the committee by the Inspector General of Police through a warrant of arrest after due diligence by the House Speaker, Rep Tajudeen Abbas.

The Chairman of the Committee, Micheal Irom (APC-Cross River), in his ruling said that the Inspector-General of Police should ensure the invitees were brought before the committee on December 14.
It was gathered that the petitioner, Fidelis Uzowanem, had earlier said that the petition was anchored on the Nigeria Extractive Industries Transparency Initiative (NEITI) 2021 report.

Irom said, “We took up the challenge to examine the report and discovered that what NEITI put together as a report is only consolidation of fraud that has been going on in the oil and gas industry.

“It dates back to 2016 because we have been following and we put up a petition to this committee to examine what has happened.

“The 2024 budget of 27.5 trillion that has been proposed can be confidently funded from the recoverable amount that we identified in the NEITI report.

“It is basically a concealment of illegal transactions that took place in NNPCL; they have been in a sink with some oil companies where some companies that did not produce crude were paid cash core, an amount paid for crude oil production.”

 

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FCTA uncovers illegal oil refining warehouse in Abuja

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In continuation of the city cleaning exercise, Authorities of the Federal Capital Territory Administration (FCTA) with operatives of security personnel have uncovered an illegal oil refining warehouse in Mabushi, opposite Mobile filling station on Ahmadu Bello way in Abuja.

 

The Director, Department of Development Control, FCTA, Mukhtar Galadima after the operation on Thursday, said the illegal refining site was discovered during the continuation of the city cleaning exercise.

 

According to him, about three to four plot of lands designated for commercial purposes have been converted to an area where oil and diesel are being adulterated and circulated to other parts of the city.

 

Galadima explained that the city sanitation task force will look into the provision of the law and make necessary recommendations to the FCT Administration for further actions on the plots used for the activity.

 

He said there was no arrest but the items used in carrying out the illegal refining have been impounded.

 

Galadima said, “During the continuation of our city sanitation exercise in Mabushi opposite Mobile filling station on Ahmadu way, we discovered an illegal refining site where oil and diesel are being adulterated, we have done the needful by moving the items to Nigerian Security and Civil Defence Corps.

 

“From what we have seen so far, about three or four pilot of lands designated for commercial purposes have been converted to unapproved activities, which we believe the owners are fully aware, there will be consequences.

 

“We are going to look at the provision of the law and make necessary recommendations to the FCT Administration”

 

He said the administration will continue to go tough on activities being carried out without government approval,  especially revocation of the titles.

 

Collaborating, Head, operations FCT Directorate of Road Traffic Service (DRTS), Deborah Osho said the city management team during the exercise also discovered that most of the areas in the Nation’s capital have been converted to illegal car mart and motor parks.

 

She disclosed that fifteen vehicles have so far been impounded since the operation commenced about two days.

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Central Bank To Freeze Accounts Without BVN, NIN From April 2024

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The Central Bank of Nigeria (CBN) said on Friday that it will freeze accounts without a Bank Verification Number (BVN) or National Identification Number (NIN) from April 2024.

This is according to a Friday circular by the apex bank which said a BVN or NIN verification will be “conducted shortly”.

It also said all BVN or NIN attached to accounts/wallets must be electronically revalidated by January 31, 2024, according to the circular by the CBN Director of Payments System Management Department Chibuzo Efobi, and the Director of Financial Policy and Regulation Department Haruna Mustapha.

More details later….

 

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