Connect with us

News and Report

Exposed: $20 Billion Missing NNPC Money Traced To Zenith Bank

Published

on

Uneasy calm and general apprehension have gripped the management of Zenith Bank Plc, following the reported refund of $16million out the $20billion allegedly stolen from the coffers of the Nigeria National Petroleum, NNPC by the management of the corporation.

Sanusi Lamido Sanusi, a former Central Bank of Nigeria, CBN Governor, now Emir of Kano, was replaced by Godwin Emefiele as central Bank Governor in a very controversial circumstance after he (Sanusi) raised an alarm over the non remittance of $20 billion oil money to the treasury.

With the conclusion of the 28 March presidential election in Nigeria which President Goodluck Jonathan of the People’s Democratic Party, PDP lost to the Major-General Muhammadu Buhari (rtd.) of the All Progressive Congress, APC, embattled petroleum minister, Ms. Deziani Allison-Madueke, has since commenced on a shuttle between Nigeria and abroad.

Until the conclusion of the presidential election, the President of the Organisation of Petroleum Exporting Countries, OPEC had embarked on shenanigans and illegal stunts in her bid to stop Nigeria’s National Assembly from investigating her roles in the sordid disappearance of the funds.

According to a security source who pleaded anonymity, General Abdulsalami Abubakar, Nigeria’s former head of state pleaded with General Buhari not to prosecute the petroleum minister, a situation which led to the refund of $16milion last week, which was allegedly traced to Zenith Bank.

According to our source, the appointment of Godwin Emefiele as the CBN governor may not be unconnected to the sordid transactions between the bank and the Jonathan led administration.

Sources within the presidency told our correspondent that Ms. Allison-Madueke had allegedly masterminded Emefiele’s appointment and even handpicked him to occupy the post in a bid to cover up her shady deals.

And the highly controversial minister has now embarked on ‘medical tourism’ outside the country, a situation which our source revealed is a move to stall her arrest after the 29 May hand over.

Several calls and text messages sent to the embattled minister to get her reaction did not yield much fruit as she has refused to pick her calls.

 

– Ade Adewale

Continue Reading
Advertisement

News and Report

Controversial Sterling Bank caught in the act! CBN sanctions, parades officials for hoarding new naira notes [VIDEO]

Published

on

 

Officials of the Central Bank of Nigeria (CBN) have discovered N6 million of the new naira notes hoarded in Sterling Bank Plc, Ado Ekiti branch on Bank Road, Ado Ekiti in Ekiti State, having received the funds for over two weeks, THE WITNESS reports.

 

In a trending video on social media, seen by THE WITNESS, a man who identified himself as Oluwole Owoeye, a deputy director of CBN, while monitoring the distribution of the new naira notes in the state, was seen questioning the bank officials as to why they have not uploaded the funds into their Automated Teller Machines, (ATMs), despite having six of the machines in place.

 

The CBN director also announced a fine of N1 million for each day the fund was in the bank’s custody.

 

The CBN official said, “I am currently at Sterling Bank, on Bank Road as part of the new naira notes monitoring compliance with the guidelines by CBN. They have N6 million, which they collected from the bank for almost two weeks, they have not disbursed any. They said they are yet to configure their ATMs, I do not know why that and I have brought attention to the penalty clause of N1 million per day, because they have five ATMs here, they have no reason for keeping this money.

 

“The zonal service manager, Tunde Onipede promised that by 10:00am latest tomorrow (Monday), because I told him by latest 10:00 am I’ll be here and I want to see the machine dispensing this money.

 

“What is the name again? Olumide Owolabi (Service Manager, Ado) & Motunrayo Babayele. My name is Oluwole Owoeye and I am a deputy director of CBN.”

 

WATCH VIDEO HERE:

Continue Reading

News and Report

FCMB Manager Arrested For Hoarding New Naira Notes

Published

on

A manager of the First City Monument Bank (FCMB) branch in Osogbo, Osun State capital, has been arrested for allegedly preventing Automated Teller Machines (ATMs) loaded with cash from dispensing money to customers.

The spokesperson of the Independent Corrupt Practices and other related offenses Commission (ICPC), Azuka Ogugua, in a statement on Friday said the cash bundles were loaded into the ATMs while still wrapped, and as such, could not be dispensed through the machines

“The ICPC Compliance Team in Osogbo has busted an FCMB in Osogbo, Osun State, where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed.

“The Team, therefore, directed that the wrappers be removed, and the cash loaded properly’.

Similarly, seven Point of Sale (POS) operators as well as a security guard were arrested during the ongoing exercise in Osun State for charging exorbitant commissions for cash.

Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

The arrested persons are helping the Commission with information to assist investigations and bust any syndicates involved in the hoarding or sales of the redesigned notes.

 

Continue Reading

News and Report

New naira: ICPC arrests Stanbic IBTC Bank manager over sabotage

Published

on

The Independent Corrupt Practices and other related offences Commission (ICPC), has arrested an official of Stanbic IBTC Bank in Abuja for alleged sabotage.

The ICPC spokesperson, Azuka Ogugua, said the development was in continuation of ICPC’s clampdown on elements frustrating efforts in making the redesigned Naira notes available to members of the public.

The bank official, who is the branch service head of Stanbic IBTC Bank, Deidei Branch in Abuja, was taken into custody for her deliberate refusal to upload cash into the branch’s Automated Teller Machines (ATMs) even when the cash was available and people were queuing at the ATM points.

The statement reads: “When the ICPC monitoring team stormed the bank at about 1:30pm on Friday to ensure compliance, and demanded explanation as to why all the ATMs were not dispensing cash, the team was informed by the branch’s head of operations that the bank just got delivery of the cash.

“However, facts available to the ICPC operatives indicated that the branch took delivery of the cash earlier around 11:58am and either willfully or maliciously refused to feed the ATMs with the cash.

“Against this backdrop, the ICPC team compelled the bank to load the ATMs with the redesigned Naira notes and ensured that they were all dispensing before arresting the culprit.

“The ICPC said investigations were still ongoing and the Commission will take appropriate actions as soon they are concluded.

“Similarly, seven Point of Sale (PoS) operators as well as a security guard were arrested during an ongoing exercise in Osun State for charging exorbitant commissions for cash.

“Investigations, however, revealed that they got the money from Filling Stations that collect new notes from fuel buyers, but they then resell the cash to the public at exorbitant rates.

“The arrested persons were helping the anti-graft commission with information to assist investigations and bust other syndicates involved in the hoarding and sales of the redesigned Naira notes,” the anti-graft agency said.

 

Continue Reading

Trending