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

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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,

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“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.

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“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

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JUST IN: Tinubu Meets Ibori, Wike, Makinde In Abuja

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President Bola Tinubu is currently holding a closed door meeting with James Ibori, former Governor of Delta state; Nyesom Wike, the immediate past Governor of Rivers state; and Seyi Makinde, the Oyo State Governor.

 

The meeting is taking place at the President’s office in Aso Villa.

 

Reports say the three politicians arrived at the Aso Rock Villa at about 4:20om on Friday, 2 June, 2023.

 

Details shortly…

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Court Orders Union Bank To Pay Former Manager N20.2m Over Wrongful Termination…….

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Justice Maureen Esowe of the Lagos division of the National Industrial Court has ordered the Union Bank to immediately pay the total sum of N20, 261, 810 million to one of its retired staff, Asenime Claire Ojuzo.

 

The judgment sum according to Justice Esowe, is the shortfall of gratuity Union Bank ought to pay Mrs. Asenime, upon her retirement.

 

Justice Esowe made the order while delivering judgment in a suit marked NICN/LA/534/2017, filed by a retired officer and the bank.

 

The claimant, a former senior manager at Union Bank, through her lawyer, Chief Paul Omoijiade, had asked the court to “declare that the purported approval by the bank of the claimant’s withdrawal from service which the Claimant did not apply for was wrong.

 

“A declaration that the purported determination of the Claimant’s contract of service by Union Bank is wrongful, same having been done without due process as laid down in the bank’s handbook and the bank’s custom and practice.

 

“A declaration that the purported removal of the claimant from his employment as Senior Manager (SM) without due process amounts to redundancy for which the claimant is entitled to redundancy benefit.

 

“A declaration that Union Bank is in arrears of N18, 114, 600 million, in the payment of the Claimant’s gratuity.

 

“A declaration that the deduction of the sum of N16,106,219.66 million, as outstanding loans, status car, unearned medical, outstanding status generator, and car from the claimant’s gratuity is unlawful.

 

“An order of the honourable court directing Union Bank to pay to Ojuzo the sum of N16,106,219.66 million, deducted from the claimant’s gratuity.

 

“An order of the honourable court directing Union Bank to pay to Ojuzo the sum of N18,114, 600 being a shortfall in the gratuity paid to her.

 

“An order of the honourable court that the bank pays the sum of N12 million, to the Claimant as compensation for the defendant’s wrongful and unlawful action withdrawing the claimant’s services without due process.

 

“An order of the honourable court for the payment of interest at the rate of 20% on the deductions and withheld gratuity under paragraphs (f) and (g) above.

 

“An order of the honourable court that the bank pay to the claimant the sum of N1 million, being the cost of litigation.

 

During the trial of the suit, the claimant told the court that she was a staff of the bank until her employment was wrongfully withdrawn on November 22, 2013, and her terminal benefits were never paid in full.

 

She also told the court that Union Bank also deducted the sum of N16, 106, 219.66 million, which the bank referred to as outstanding loans, unearned housing, status car, and unearned leave from her benefit, adding that, said she never applied for withdrawal service, therefore, the withdrawal of her services is tantamount to redundancy.

 

Defending the suit, Union Bank through its witness, Francis Idiaghe, who was led by Feliz O. Ogungbemi, told the court that there is no provision in the Trust Deed of variation that the claimant or any employee of Union Bank can remain in service till the age of 60. Rather, than underemployment, either party can determine the contract by giving a month’s notice.

 

The witness told the court that the Defendant, exercising her right under the contract, determined the contract by a letter of withdrawal of service dated November 22, 2016, issued to the claimant. Adding that the sum of N16,106,219.66 million, deducted from the claimant’s terminal benefits covers the loans (N13,683,188.86 million) taken by the claimant during the pendency of her employment and the outstanding and unpaid money (N2,247,210 million) covering the cost of her status car and a generating set.

 

Union Bank in its final written address, asked the court to determine “Whether the claimant is entitled to a declaration that the withdrawal of the Claimant’s employment is unlawful.

 

“Whether the Claimant having been paid her terminal benefit and having accepted same, can be heard to complain that his contract was not properly determined.

 

“Whether the termination of the Claimant of employment by the Defendant amounts to redundancy.

 

“Whether the Claimant is entitled to the sum of N18,114,600.00 (Eighteen Million One Hundred and Fourteen Thousand Six Hundred Naira) as outstanding gratuity from the Defendant.

 

“Whether the deduction of the sum from the Claimant’s terminal benefit in the liquidation of Claimant’s outstanding staff loans, status, generator loan, and unearned medical is unlawful.

 

“Whether by the evidence placed before this Honourable Court, the Claimant is entitled to damages in the sum of N12 million.

 

“Whether the Claimant is entitled to interest at the rate of 20% on the alleged outstanding gratuity and the amount allegedly deducted from her gratuity.

 

“Whether the Claimant is entitled to the sum of N1 million, as cost of litigation.”

 

Justice Esowe, in her judgment on the suit after the evaluation of parties’ submissions, and citing plethora of legal authorities, held that: “having gone through the claimant’s claim, evidence led in support, the defendant’s defense, evidence led in support, with the final written submissions of Counsel on both sides, this Court, while adopting all the issues formulated by Counsel, has distilled a sole issue for determination, to wit: Whether the Claimant has proved his case to be entitled to the reliefs sought.” culled: Business Hallmark.

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Dr. Ope Banwo Speaks On Transitioning  Naija Lives Matter Organization To Non-Partisan Mode 

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***Says Organization Will Now Focus On Projects To Improve Nigerian Lives

 

Dr. Ope Banwo, the founder of Naija Lives Matter (NLM), a non-governmental organization committed to better lives for Nigerians has explained the organization’s decision to refocus its priorities.

 

In a statement released on Tuesday, Dr. Banwo stated that the organization’s mission and goals extend beyound the 2023 elections, electioneering campaigns, and politics.

 

According to him, the process of the organization had been clearly communicated from its very beginning to avoid any accusations of opportunism or policy inconsistencies, which are unfortunately common in our country when disagreements arise.

 

He said; “Since 2011, the NLM organization has consistently de-emphasized its partisan support for any specific candidate after the elections and campaigns are over, enabling it to concentrate on its global mandate of making Naija lives matter to all Nigerians, irrespective of their political affiliations.

 

“When Naija Lives Matter endorsed Peter Obi as our chosen candidate in August 2022, we made it clear that our partisan involvement would solely extend until the conclusion of the elections. Subsequently, we would focus on other aspects of our mission and goals, for which our organization was founded in 2011.

 

“In the past, we supported Jonathan through the GEJ project, rallied behind Buhari through the Buhari4Naija project in 2015, and even had a Moghalu4Naija project before eventually endorsing Peter Obi for the 2023 elections.

 

“Our commitment is not irreversibly tied to any particular politician; it lies in what we believe is in the best interest of Nigeria and its people,” Dr. Banwo said.

 

With the transition, NLM now moves beyond the recent election cycle, with a current focus on organizing projects aimed at making the lives of all Nigerians better.

 

“Henceforth, we shall therefore leave the legal and political affairs to lawyers and politicians, and respect the decisions of the courts, whatever they may be.

 

“In alignment with our mandate and the previously declared engagement period for the 2023 elections, we hereby inform our members that Naija Lives Matter will now shift its focus towards other aspects of our charter such as mass non-partisan mobilization on national issues, youth empowerment training, workshops, community assistance services for the less privileged in Nigeria, and other activities.

 

“In light of this new direction, we will convene meetings with our state directors and cell leaders to announce additional NLM initiatives that extend beyond politics in the coming days. These initiatives will focus on non-partisan national mobilization, youth empowerment through training and workshops, and community-building responsibilities.

 

“All our threads on WhatsApp and other social media platforms will once again be dedicated to NLM as we officially conclude the Peter Obi Nation Project for the 2023 elections,” Dr. Banwo noted.

 

Thanking members of the Peter Obi Nation Project of the NLM organization for their tremendous efforts during the 2023 elections, Dr. Banwo said that together they fought valiantly in a highly contested electoral process, adding that together they gave as much as they got in the very bitter partisan electioneering campaign for the organization’s endorsed candidate, Peter Obi.

 

“We did not compromise and many of us even paid the price of alienating some of our long-term friends in the heat of partisan battle.

 

“To this end, I am immensely proud of every individual involved in this monumental battle, and it has been an honor serving as the Chief Vawolence Officer for Naija Lives Matter side of things during this 2923 election cycle. We also offer No apologies for our passionate campaign for what we passionately believed in. It was what it was.

 

Acknowledging the fact that many individuals who joined NLM’s special Peter Obi Nation Project were primarily interested in supporting the Labour Party (LP) presidential candidate, and may not share NLM”s broader mandate and NGO charter, Dr. Banwo said that the organization would understand if those solely focused on partisan politics choose to disassociate themselves from the NLM organization across it numerous groups and threads, adding that the organizational continuity transcends any single election cycle.

 

“To be clear, this pivot by NLM does not mean we no longer support Peter Obi. We continue to stand behind his 2023 mandate which we believed in, wholeheartedly. Nevertheless, our organization was not established solely for this election cycle. We have followed the same refocusing approach after the elections in 2011 and 2015. Although the intensity of this cycle was undeniable, our policy remains intact.

 

“We hope that our fellow compatriots engaged in the highly intense campaign for 2023 will understand and respect our decision to shift away from combative partisan politics at this juncture. Instead, we aim to engage the Tinubu government in a non-partisan yet critical manner, reminding them of their promises and holding them accountable. Should the courts later remove him from office, we will also celebrate. But for now, we have a country to assist in governance.”

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