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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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More Troubles For Dangote Cement As Kogi Govt Demands 10 Per Cent Share, Orders Immediate Seal Off

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However, Dangote Cement is facing allegations of sharp practice from Kogi State government, Kogi Assembly as well as Akwa Ibom State.Already, the Kogi State House of Assembly has ordered stoppage to the activities of the company in two Local Governments in the State while investigations continue.

To make the claim possible, Kogi State House of Assembly ordered the management of Dangote Cement company to provide all necessary documents that have to do with the transfer of Obajana Cement Company owned by Kogi state government to Dangote Cement Company.

The House also directed that the documents signed at the establishment of the Company and relevant receipts of dues it claimed to have paid to Kogi State Government available at the next adjourned sitting date.

The speaker of Kogi State House of Assembly, Matthew Kolawole, gave the order after interim reports of the ongoing investigative hearing on Internally Generated Revenue (IGR) which was submitted by the ad hoc committee led by Hon. Isah Tenimu Umar, Member Representing Lokoja I Constituency and deliberated upon at the plenary on Wednesday.

Kolawole said this has become important in view of the claims and counterclaims between the Chairman of Kogi State Internally Generated Revenue Service (KGIRS) and representatives of Dangote Cement as the acting chairman of KGIRS, Salisu Enehe had earlier accused Dangote Cement Plc Obajana of forging its tax receipt during the investigative hearing by the State House of Assembly.

According to the State Revenue Boss, most of the figures the company claimed to have paid are totally incorrect, urging the company to check its record.

He added that despite the billions of Naira that company is making from the state monthly, it has failed to pay taxes that are due to the state and Lokoja Local Government Area.

Nigerians Getting ₦1,593,247 Per Week From ₦99,000 Investment in Amazon
Nigerians Getting ₦1,593,247 Per Week From ₦99,000.

In another development, Following the unrestrained environmental degradation in Ankpa and Olamaboro local government areas, Kogi state House of Assembly on Wednesday, directed the Commissioner of Police and Commandant of the Nigeria Security and Civil Defence (NSCDC) to seal off operations of Dangote Plc in the affected areas of the State.

The House gave the order during a public hearing on activities of Dangote Group in the state, especially on the the massive exploitation , environmental degradation and non compensation to the affected owners of the land and without revenue accruing to the state government.

The Speaker, Kogi state House of Assembly, Mathew Kolawole, charged the NSCDC commandant to ensure immediate implementation pending when the ad hoc committee on revenue clarifies some grey areas. Kolawole, who lamented the environmental degradation caused by mining activities on Kogi by the Dangote group and its subsidiaries, accused the multi national business concern of making billions in the state but yet fails to give back to it.

Akwa Ibom is also finding it difficult to collect its entitlement from the Dangote Group. According to reports from the place, the Itu Local Government blocked Dangote premises with their trucks because the company has refused to pay tax for more than two years despite pleas and series of warnings.

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Union Bank, WACOT Rice Kick Off Financial Inclusion Drive for Smallholder Farmers in Kebbi

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As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State.
The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, and Dandi – is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming financial inclusion deficit within rural communities in Kebbi.
The financial inclusion initiative is being implemented with technical support from National Identity Management Commission (NIMC), to help the farmers acquire the relevant documentation and identification required to open bank accounts.
Union Bank will facilitate account opening and expand its agency banking network to cover the areas while supporting its agents on ground with digital banking solutions to enable seamless transacting and account management.
Farouk Gumel, Chairman WACOT and Board Chair, Union Bank was on ground in Kebbi State to kick-off the drive and paid a visit to the Kebbi state Governor, Senator Abubakar Atiku Bagudu to discuss expanding the programme state-wide.
In his recent keynote address at the recently concluded and  Chartered Institute of Bankers of Nigeria (CIBN) Conference, Mr. Gumel said:
 “As we work towards achieving financial inclusion to reach the unbanked, we must commit the same resources and investments to rural-local customers as we have done to urban-global clients to help create the growth that will lift us all to collective prosperity.”
WACOT Rice is a subsidiary of TGI Group. TGI Group, through another of its subsidiary Titan Trust Bank, recently acquired Union Bank in a landmark transaction which was announced in 2021.

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FIRSTBANK PARTNERS VERVE INTERNATIONAL, MAKES CUSTOMERS MILLIONAIRES IN THE FIRSTBANK VERVE CARD PROMO

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In partnership with FirstBank – Nigeria’s premier and leading financial inclusion services provider – Verve International, Africa’s leading payment technology and card business, has launched its third National Consumer promo designed to reward users of FirstBank verve card with exciting gifts and cash prizes to appreciate their patronage and use of the card to carry-out their electronic banking transactions.

The ongoing 2-month promo will end on 30 October 2022 as 20 customers (10 customers per month) with the highest transaction count during the promo will be made millionaires, winning the sum of N1 million each. Also, N20,000 will be won by 25 customers monthly.

On the other hand, 2620 FirstBank verve cardholders that double their transactions every week, stand a chance to enjoy 10% cashback capped at N2,000 per customer.

Speaking on the promo Chuma Ezirim, Group Executive, e-Business & Retail Products, FirstBank said “we appreciate our partnership with Verve Card through the years; a partnership of empowerment and opportunities which include growing the economy, supporting new businesses and preventing unemployment. FirstBank verve card holders are encouraged to keep using their cards as it is a card offering that promotes safe, convenient and rewarding digital banking experience with 20 customers standing a chance to be millionaires at the end of the promo.”

Verve card is a secure debit card that allows cardholders to conveniently meet their daily financial needs such as payment for goods and services, airtime recharge, bill payments, funds transfer, etc. Verve card is accepted across all ATMs, POS, Web and Mobile Platforms in Nigeria.

The promo is also opened to new verve cardholders as non-verve cardholders are encouraged to visit the nearest FirstBank branch today to pick up a Verve card and start getting rewarded!

Only recently, FirstBank – in partnership with Verve – rewarded over 2601 FirstBank verve cardholders with various prizes; including N20,000 cash prize, N10,000 cash prize, N10,000 worth of airtime; power generating sets, refrigerator, cooking gas, smart TV and the grand prize of a brand-new car to a lucky winner.

 

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