Connect with us

News and Report

How FCMB, Principal Officers Of Nigeria Police Academy Conspired To Withhold My Salary, Illegally Deducted My Money – Lecturer Cries Out



A lecturer in the Department of Sociology, Faculty of Social and Management Sciences of the Nigeria Police Academy (POLAC), Wudil, Kano State, Dr. Goddy Osa Igbaekemen has accused the First City Monument Bank (FCMB) of conspiring with the principal officers of the academy to withhold his monthly salary, make illegal deductions in his account and unlawfully withhold his bank transaction alerts.

Igbaekemen obtained a loan from the FCMB on the 27th June, 2014 which was due to be paid up in August 2021 from the bank’s successive deductions from his salary account.

But after the duration of repayment, as contained in the agreement between him and the bank, and subsequent intervention by the Central Bank of Nigeria (CBN), FCMB denied him access to his account and all attempts to get the bank to explain to him in writing the reason for the blockage were not successful.

In a petition submitted to the Assistant Inspector General of Police, Zone 1, Kano State on August 7, 2020, Dr. Igbaekemen explained that on June 24, 2020, he was compelled by three staff of the FCMB including Jimoh Mutiu, Waheed Olabode and Mamu Mohammed to write and they approved his request for palliatives of 3% of his monthly salaries.

He said he received the 3% of his salaries until the management of the academy (the Nigeria Police Academy) released his salaries arrears, but when he went to FCMB branch in Abuja in anticipation of the approved palliatives of 3%, the payment failed. When he called Mr. Jimoh, he said that they had reneged from the initial palliatives arrangement and that the bank requested for restructuring of the loan.

Dr. Igbaekemen said that while he was processing the restructuring with Mr. Jimoh, Mohammed, Waheed and FCMB Abuja branch, “FCMB unlawfully withdrew all the salaries in my account, N500,000 without adherence to CBN guidelines and extant rules on salaries loan.”

According to him, Jimoh confirmed that they are restructuring the loan for three years as against the initial five years the salaries loan lasted till July 2019.

He fulfilled the restructuring requirements on August 4, 2020, but he did not have access to his bank account and the money in the account.

“Till date, I do not have access to my bank account…. as a result of the observed conspiracy between the above named FCMB staff and POLAC leadership.”

Dr. Igbaekemen said he has also petitioned the principal officers of the academy and the Bank “for Criminal Breach of Trust, Cheating, Deceit, Abuse of powers and unlawful acts by the staff of the bank, in conspiracy with the management of the Nigeria Police Academy, Wudil.”

He said he reported the matter to the Director, Consumer Protection Unit of the CBN in a letter dated 24th February, 2022 and also sent a reminder letter dated 4th April, 2022. He also wrote to the head of Collection and Recovery Unit of the FCMB in a letter dated 26th January, 2022.

He alleged that the FCMB staff in Kano in his explanation had, among other things, said that CBN formally stopped the loan deductions from August 2021 but they decided to engaged in manual deductions in order not reflect in CBN platform and his personal bank account alerts.

“They initially stopped to cover the fraud, hence they placed non indebtedness on my bank account account and it reflected in all the branches nationwide and FCMB marketers began to call me for a fresh loan.

“I went to FCMB Bank in Central Business District, Abuja to collect and I filled non-indebtedness form on January 11, 2022 but this bank staff failed to document his explanation in writing for further interrogation and he declined same so it could not be used as evidence.”

He also reported the issue to the FCMB Managing Director through the Manager of Central Business District, Abuja in a letter dated January 10, 2022.

Dr. Igbaekemen said that he formally wrote to the Deputy Inspector General of Police, in a letter dated 22nd July 2021, where he reported that investigation into the gross misconduct with respect to his salary account was compromised.

However, till date, “the illegality still continues without POLAC management intervention in the issue.”

He lamented that despite all the efforts he made, no attempt has been made by the authorities of the FCMB to resolve the issue which, according to him, has caused him a lot of financial discomfort.

However, when SaharaReporters contacted Mr. Jimoh of the FCMB about Dr. Igbaekemen’s complaints, he said that the matter is complicated.

“He had a loan and the loan was bad because it was illegally suspended by the POLAC and it was reinstated. Then we advised him to restructure the account so that he can have access to his salaries. Along the line, there was a system error and the account was erroneously turned into a bad account again.

“We advised him to stop the account so that they would stop the deduction until we resolve the account and be able to determine how much he has paid, what is remaining and how he would pay it, whether by installment or he would continue with the deduction,” Jimoh said.

He said that his supervisor was already working on the issue as there had been a report from the CBN to them about it.

He also admitted that after the account was reinstated, Dr. Igbaekemen received some salaries and because his loan balance was over N3 million and when he was paid, they took some part of the money.

“Out of the N500,000, we remitted N200,000 for him pending when we would resolve the issue. I was the one that restructured the account in 2020 and if there had not been a system error, I know in the next one or two years, he would have completed the loan,” he said.

Meanwhile, when asked if Dr. Igbaekemen had access to his account, Jimoh answered in affirmation after running a brief check on the account.

“He has access to the account. He was paid May salary on June 1 and he withdrew it on June 3,” he said.

News and Report

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




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.”



Continue Reading

News and Report

FCMB Manager Arrested For Hoarding New Naira Notes



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



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