Connect with us

News and Report

Diamond Bank Of Fraud: Abuja Business Woman Narrates How Diamond Bank Staff Defrauded her of N4.2M……

Published

on

Why You Need To Think Twice About Your money In Diamond Bank

 

 

An Abuja based business woman, Ada Ann, has lamented the rate at which Diamond Bank Plc defraud unsuspecting customers of their hard earned money. The young nursing mother narrated the tale of her missing money.

The embattled boutique owner stated that the bank and their staff duped her since 2014 and all efforts to recover the said money have fallen on hard rocks as Diamond Bank has ”failed, refused, declined, rebuffed and or neglected” to do anything about her case.

Ann said the bank officials literally asked her to ”go to hell.”

In her alarming tale to our correspondent, Ann said, “I am a young nursing mother, married to a loving husband who believes in the old fashioned tenets of hard work, industry, grit and determination. I have never cheated anyone in my life, neither have I ever enjoyed unfair advantage in all my dealings all through my years on this earth- either in private or in the course of doing business, yet I have been robbed blind by the very people I trusted with my life’s savings.

“Bad things are not supposed to happen to good people right? Yes, but my case is unfortunately different. I am asking why this kind of fate should befall me now, losing all the savings I ever worked for, for the simple reason I chose to bank these savings, the proceeds of my business with Diamond Bank.

“All my business earnings and life savings from my boutique- four million, one hundred and eighty thousand naira, accumulated over several months of sales have been stolen by this bank and their staff since 2014, and all efforts to recover this money have proved futile as Diamond Bank have failed, refused, declined, rebuffed and or neglected to do anything about my case.

“The bank literally told me to go to hell- hell is where I presently am, because having stolen my life’s savings, I had no funds to buy new stock and my fledgling business has almost collapsed, throwing my six staff into the labor market, making me near destitute.

“In this biting recession, and having no one to fight for me, I have now been forced to voice out after several months of outright negligence, lies, disrespect, and snobbery by this contraption of con men called Diamond Bank.”

Asked how it all happened, Ann said,

Quote

“Sometime in 2011, in my quest for financial independence, I decided to register a boutique at the CAC, with intent to open one around the Wuse axis once I had money. I wanted my boutique to serve Abuja residents especially the womenfolk with good female wears and accessories. I scrounged money from family, friends and savings to rent a shop at Suite F15 and 45, Old Banex, in Wuse 2, Abuja.

“A Cube Boutique was thus born- it was tough, but I succeeded, only to start another battle, trying to raise money to stock it. I managed to do so successfully again months later, such that by 2012, I had commenced operations. I put in my all- body, soul and spirit as my modest efforts soon began to pay off. By the following year, 2013, I was already doing good business, turning over a tidy profit.

“Up until this point, I was still using my personal account for business, but I soon realized I couldn’t operate in that manner- I needed to separate my personal money from my business earnings. I decided to open a corporate bank account where all my sales proceeds would be paid into as I was getting more and more patronage. I was looking at doing so in Zenith or GT or any of the old traditional banking institutions.

“Around that same period, I was approached by marketers of Diamond Bank close to my shop at the Old Banex to open a business account with them. I declined, telling them I intended to open this account with the more reputable banks I have mentioned above. I told them I was about going across the road to open this account with Zenith Bank, at one such aggressive marketing session with them, but they would hear none of it.

“Since they were so desperate, I reluctantly decided to push business their way and take my money to their branch- my biggest mistake. On the 16th January, 2013, I reluctantly opened a corporate account in the name of my boutique, A Cube with Account Number: 0030126504 with initial deposit of N200,000 at the Banex Plaza branch of Diamond Bank, Abuja.

Image result for diamond bank md

“This account practically had a No Debit Status, as I hardly ever withdrew from this account. All I ever did was pay sales proceeds into it. Having no need to frequently transact on it myself, I needed no further banking platforms to be operative thereon- no mobile banking, no internet banking, no ATM card even.

“Maximum withdrawal limit for this account was the statutory default authorized across board by Diamond Bank for all corporate customers- maybe N500,000 daily or so. I never bothered to find out the daily limit for this account as I had never debited it to any tune. I paid money regularly into this account without let or hindrance till November 2014 when I had to travel on a business trip to London.

“While there, I got a good deal for my boutique and needed money to close this transaction. I had money in this my diamond corporate account, but couldn’t withdraw as I was overseas. I called my then account officer, a certain Mr Toochukwu, to ask how I could get money from this account. He said I could only do so if I was an internet banking customer- I had to be enrolled on the internet banking platform of the bank.

“Could I do this from London? Enroll for this online banking service? No, he said. I must be physically present to be enrolled. Thank you very much, I said and hung up. Case closed. This was on the 24th November, 2014.

“A day later, unbeknownst to me, a Diamond Bank staff- probably this account officer, Toochukwu and their branch manager, Lillian Gbadeyan, both knowing I was away, conspired to forge my signature (a forgery that was so poorly done even an untrained eye would have seen the difference right away) to authorize an online limit reset of N5million, from I guess, the daily limit of N500,000.

“Yet the day after- that is just two days after my call, they then went ahead, with the active collusion of a customer service official, of the bank, one Mrs Ifeoma Ndukwe, to approve this request limit reset and fraudulently transferred N4.18m electronically from my account leaving me only N23, 345 of my life savings. Just twenty three thousand!!!!

“By then they had blocked, retrieved and reactivated my mtn line to make sure I didn’t get any debit alert, moving the money to the diamond bank account of a certain Mr Ogunmuyiwa Paul, with account number, 008880562, a purported bureau de change operator hawking dollars in zone 4.

“I didn’t know this at the time as they had blocked and taken control of my line, more so since I was abroad. On returning sometime in December, I continued operating on the account as usual, without suspecting anything. I had by then retrieved my line again, so when I had a customer deposit N900,000 into the account, I was expecting to see a credit balance of almost five million naira. Imagine my shock when I saw my total savings not amounting up to even a million naira.

“I got in touch with the bank and my account officer, Mr Stanley Idomeh- a new account officer, by the way, as the other one, Mr Toochukwu (who I had called from london) had by now been sacked- and asked about this happenstance. I was told that N23,000 bar the new deposit was my balance and this was so because I had authorized a transfer of N4.18m sometime in November- the previous month!

“Authorizing such a huge transfer while I was away? Without internet or mobile banking? Making a N4.18m withdrawal on an account whose highest ever single debits were bank charges of no more than eight naira at the most? Highest being three hundred naira over that entire year?

“How could this be? I asked? I had traveled home for Christmas, by then so on my return to Abuja in January 2015, I went to the branch. They repeated the same story and I told them, I don’t operate internet banking on that account, so there was no reason to increase my daily limit from whatever it was to N5million.

“I showed them my passport and told them I was not even in the country at the time of the afore said transaction, and could they refund my money?

They said no, and we dragged back and forth. I later requested for the said reset letter request and a hazy, poorly done letter was pulled from some file. It was quite clear my letter head was forged and even clearer, my signature was forged as well. Even a child would have seen it was forged , yet they insisted it was not, and that they had confirmed it.

“I was told to write a letter of complaint, which I did sometime that January. It took months for Diamond Bank to reply me, and when they did via a letter reference BANEXPLAZA/ABJ/BK/IO/12/03/2015 dated 23rd of March last year, the bank said were not liable for this unauthorized transfer and as such were unable to accede to my request for a refund.

“They went further to aver that they could not refund me because they had enrolled me on their online application on December 19, 2013 (but failed to show documents wherein I applied for such) and that they had sent transaction codes to my phone number (please since when have banks started sending access codes and transaction details to phones?)

“I have never requested for online or mobile banking on my account and I have reiterated this to them severally. I tried to explore mechanisms of dispute resolution within the next few months to no avail. After waiting several months, with no sign of any resolution from their part, I had to get my solicitors to write to them.

“My petition was a request for Diamond Bank to investigate fraud on my account and theft of my money. They didn’t even bother to reply my solicitors. When I saw my peaceful approach was leading to nowhere, I had to finally report the matter to the police, late last year.

“The indicted Diamond staff were called in, so was their collaborator, the bureau the change man into whose account the money was paid. The bank and the syndicate behind these fraudsters stepped in, and they were let off the hook from the police station.

“Since this year, the case has swinging without momentum while my money is still in the possession of these fraudsters. Even if these fraudsters and their bankers try to manipulate the judicial process, if and when I institute one, they cannot rig the court of public opinion once I layout the facts.

“I have been compelled to put out these facts in the public domain after two years of Diamond Bank silence and inaction. Elementary business finance educates us on the concept of the Time Value of Money, which is crucial in the business process and this is money I would have since quadrupled, but have now lost.

“This is a last ditch action as I am by this medium reaching out to the shareholders of Diamond Bank, the Dozie family as well as the Board and the management of this Bank to compel their operatives, or their online application or any such platform to refund the N4.18million of my sweat, stolen illegally from my account, so as to salvage any semblance of dignity or integrity this bank still has.

“Failure of Diamond Bank to heed this well meaning appeal will lead me to petitioning them at the CBN, and instituting criminal and civil proceedings against them, their agents, collaborators and the vicious syndicate that links these three leprous arms together .

“I may be small, but I know that the God I serve will fight and slay these goliaths my sake and for the sake of the little baby I am Bosom feeding now, even as I write. His cry of anguish will rise up to God against them and they shall know no peace, till they return my money.

“Help me in crying up to God against this injustice,”

Ann lamented.

Meanwhile, we contacted a Senior Diamond Bank Cooperate Communications Officer, Udoka Uguamanam, who said he was in a meeting as at the time of filing this report.

All efforts to get in touch with him again after a while were abortive.

 

 

 

 

 

 

 

Source: Celebrity Mag

Continue Reading
Advertisement

News and Report

Transcorp Group Announces N142 Billion Revenue, N58.8 billion PBT, and Celebrates 10 year’s unbroken Dividend payment, at 18th Annual General Meeting

Published

on

By

Transnational Corporation Plc (Transcorp Group or the Group), Nigeria’s leading listed conglomerate, announced 57% revenue growth, from N90.3 billion in 2022 to N142.1 billion in 2023, at its 18th Annual General Meeting (AGM), held on Monday, May 27, 2024, at the Transcorp Hilton Hotel, Abuja.

The Company’s outstanding financial results were driven by successful execution across all business lines and demonstrated Transcorp Group’s ability to deliver to all its stakeholders, including shareholders. At the AGM, Transcorp Group confirmed excellent year-on-year growth: the Group’s total assets grew by 20% increase, up from N422.7 billion in 2022 to N529.9 billion in 2023, PBT grew from N30.3 billion in 2022 to N58.8 billion in 2023, and PAT for the Group increased from N16.8 billion to N32.5 billion. This performance was due to the strong results across its subsidiaries: Transcorp Hotels Plc, Transcorp Power Plc, Transafam Power Ltd, and Transcorp Energy Ltd.

The Group’s power subsidiaries, which together with its strategic investment in OPL281, form the basis of its integrated energy strategy, also achieved significant growth, achieving a profit increase of 63%, from N17.7 billion in the previous year to N28.9 billion in 2023. Transcorp’s power businesses, Transcorp Power Plc and Transafam Power, provide over 20% of Nigeria’s installed power capacity and the Group recently entered the distribution sector, through its investment in Abuja Electricity Distribution Plc.

The Group’s hospitality business achieved record average occupancy of 81%, with profit increasing by 105% from N4.6 billion in the previous year to N9.5 billion in 2023; while revenue grew by 36% from N30.4 billion in 2022 to N41.5 billion.

President/Group CEO, Dr. Owen D. Omogiafo, OON, highlighted the Group’s strategic growth plans, including the multipurpose, world-class 5,000-capacity event centre at the Transcorp Hilton Abuja, opening this year, as well as the ambition to increase available power generation capacity. She said: “The reward for success is more work, and across our Group, we are not relenting. We are focused on maximising our strengths and opportunities for vertical growth, to deliver more value and achieve sustainable growth. We are confident that the coming year will bring even more value to our shareholders.”

Tony O. Elumelu, CFR, Group Chairman, explained: “Transcorp Group has not only recorded unprecedented growth, the Group has demonstrated its potential to deliver much more value to stakeholders and to our country. The sustained success of all our businesses reflects our resolute stance on corporate governance, our commitment to improving lives and transforming communities, and the priority we place on our people. Despite the current macro-economic challenges, the future remains an exciting one”.

“Government has a critical role to play. We remain committed to creating more value and appreciate the policies already implemented. However, we call on the Federal Government to prioritise the crippling issues in the power sector. The challenges in the power sector should be uppermost in our nation’s transformation agenda. The private sector cannot thrive without improved access to electricity. Fundamentally reforming the power sector is essential to our national economic transformation.”

Shareholders at the AGM approved a dividend of 10 kobo, a 100% increase over the previous year. The financial year 2023 is the 10th consecutive year of consistent dividend payment by Transcorp Group.

Shareholders also lauded Transcorp Group’s commitment to growing shareholder value and strong corporate governance, as well as its consistency in paying dividends year-on-year. The Group’s commitment to community and social responsibility, inclusive of its sustainability and CSR projects, was also commended at the AGM.

About Transnational Corporation

Transnational Corporation Plc (Transcorp Group) is one of Africa’s leading, listed conglomerates, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa.

Transcorp’s power businesses, Transcorp Power Plc and Transafam Power, provide over 20% of Nigeria’s installed power capacity. Transcorp is committed to developing Nigeria’s domestic energy value chain, through its investments in OPL287. The Group’s hospitality business, Transcorp Hotels Plc owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and has launched the digital platform Aura by Transcorp Hotels.

www.transcorpgroup.com

 

 

 

 

 

 

 

 

 

 

 

 

 

Continue Reading

News and Report

Anxiety as CBN sacks 200 employees

Published

on

By

No fewer than 200 officials of the Central Bank of Nigeria were on Friday relieved of their duties, adding to the long list of ongoing disengagements in the apex bank, Saturday PUNCH reports.

This adds to the list of 117 staff sacked by the bank between March 15th and April 11, 2024.

The termination of appointments affects directors, deputy directors, assistant directors, principal managers, senior managers and lower-ranking staff.

Impeccable sources who are staff of the bank confirmed the sacking to our correspondent on Friday, adding that the sacked persons were more than 200 but not less than 200.

They revealed that the new move included older directors who were not affected by the last round of retrenchment.

One of the sources in a 20-second call with our correspondent simply stated, “It is true and confirmed.”

The staff who could not disclose further details for fear of being tapped added that the move had caused palpable apprehension amongst staff of every cadre as the management had not specified any standard criteria for the decisions.

Another undeniable authority confirmed the information, indicating that additional dismissals are expected in the months ahead, spread out across staggered phases.

The official said, “It is real and is even more than 200 officials but the actual number is unconfirmed yet. The sacking is coming in staggered phases and that is why we can’t confirm the number yet.

“But it is not less than 200. The sacked persons include directors and other cadres but the ones that are easily known are the directors. Some of the old directors that were not affected during the last round of sacks are now affected.”

The sack letter obtained by our correspondent and issued by the Human Resources Department on May 24, 2024, indicated that the policy was to reorganise the organisation for effective operations.

The letter, lacking a signature, read, “The new strategic direction of the bank has been widely publicised. In line with our new mission and vision, the bank is currently undergoing a significant organisational and human capital restructuring process.

“As a result of this review, I have been directed to notify you that your services will not be required with effect from Friday, 24th May 2024. Your final entitlements will be calculated and paid to you in due course. Thank you”

In February, at least 1,500 members of staff of the apex bank of Nigeria were redeployed from the headquarters located at Central Area to its Lagos office.

At the time, the CBN said the action was necessitated by several factors, including the need to align the bank’s structure with its functions and objectives and redistribute skills to ensure a more even geographical spread of talent.

It added that it was also in compliance with building regulations, as indicated by repeated warnings from the facility manager, and the findings and recommendations of the Committee on Decongestion of the CBN Head Office.

Efforts to get the reaction of the Director of Corporate Communication, Hakama Sidi Ali, was not successful as she did not respond to several calls sent across to her or reply the text messages to her line.

Continue Reading

News and Report

Paris-bound bizman arrested with 111 cocaine wraps

Published

on

By

The National Drug Law Enforcement Agency has arrested a 48-year-old businessman, Emmanuel Orjinze, at the Nnamdi Azikiwe International Airport, Abuja, for ingesting 111 wraps of cocaine.

The suspect, who claimed to be a professional footballer in Europe, was arrested on May 21 during the outward clearance of an Air France flight to Paris, France.

This was made known in a statement signed by the agency’s Director of Media and Advocacy, Femi Babafemi, and shared on the agency’s website on Sunday.

The statement read, “Operatives of the National Drug Law Enforcement Agency have arrested a 48-year-old Paris, France-bound businessman, Emmanuel Okechuku Orjinze, for ingesting 111 wraps of cocaine, which he excreted after days of observation in the agency’s custody following his arrest at the Nnamdi Azikiwe International Airport, Abuja.

“Okechukwu, who also claims he is a professional footballer in Europe, was arrested on Tuesday, May 21, during the outward clearance of Air France flight AF 878 from Abuja to Paris, France.

“After a body scan confirmed he ingested illicit drugs, he was taken into custody where he excreted a total of 111 pellets of cocaine that weighed 1.603 kilograms over three days. The suspect claimed he did business in the maritime sector while still scouting for any European football club to engage him. ”

In the same vein, the NDLEA officers operating at the Murtala Muhammed International Airport, Ikeja, Lagos hinted that they had dismantled another drug trafficking syndicate at the airport.

This, they said in a statement, followed the arrest of four members of the network and the seizure of a total of 8kg of methamphetamine and 7.60kg of Loud, a synthetic strain of cannabis imported from South Africa.

The statement added that a drug trafficking syndicate was busted at the airport when an official was caught with illicit substances in their backpack and bag.

On May 21, 2024, the NDLEA officers, supported by aviation security, intercepted the official at Terminal 1 and discovered the drugs during a search, blowing the lid off the syndicate.

“A swift follow-up operation at the Ajao Estate area of Lagos led to the arrest of two other members of the syndicate: Chris Nwadozie and Chinedu Nwaosu. Further investigation led to the arrest of another member of the cartel working within the airport system on Saturday, May 25,” the statement added.

In a related development, the agency also arrested a freight agent, Sonubi Abiodun, for attempting to export eight parcels of cocaine concealed in paint buckets to the United Kingdom.

Additionally, the NDLEA operatives arrested suspects producing and distributing skuchies, a mixture of black currant and illicit drugs, in Lagos, and recovered 2,480 litres of the psychoactive substance.

In Cross River State, a suspect, Ogar Emmanuel, was arrested with 2.5kg of cannabis, while 290kg of cannabis was recovered from the warehouse of Usani Ikpi, who is still at large. Additionally, three suspects – Sa’adu Sule, Mukhtar Nura, and Hamza Nura – were arrested in Katsina State with 70kg of cannabis, which originated from Ogun State.

The statement added, “No fewer than five suspects including Ezekiel Munda, 30; and Sule Mustapha, 21, were arrested by the NDLEA operatives on Thursday, May 23, during raids at the Karu Abattoir, Jikwoyi and Tora Bora hill area of the FCT, Abuja, where 95.01kg of cannabis and different quantities of opioids were recovered from them.

“In Edo State, operatives arrested a physically challenged notorious drug dealer, Zekere Sufianu, 45, at Auchi town on Wednesday, May 22. At the time of his arrest, he was found with 751 grams of Loud, 178 grams of tramadol, and pills of swinol,” the statement concluded.

Continue Reading

Trending