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NTDC BOSS, SALLY MBANEFO IN TROUBLE OVER N500M FRAUD —…Quizzed By ICPC .. 4 NTDC Staff Arrested … Begs Prominent Nigerians to Intervene



For Sally Mbanefo, the Director General of Nigerian Tourism Development Corporation (NTDC), this is not the best of time.

Mbanefo is currently running from pillar to post to ensure she was not consumed in the alleged N500milliom scam which is rocking the NTDC under her watch.

Problem started for her as a result of a complaint by workers under the aegis of the Amalgamated Union of Public Corporation, Civil Service Technical and Recreational Services Employees, an affiliate of the Nigeria Labour Congress over illegal employment, abuse of office, diversion of funds and recruitment without due process at the NTDC

According to the petition sent to the Independent Corrupt Practices and other related offences (ICPC), Mbanefo was said to have misused N52,014,821 released to the corporation as capital budget from March to July 2014. She was alleged to have diverted the sum of N200million meant for training, the money was allegedly traced to the account of friends and associates of the agency.

The NTDC was also said to have procured a 200KVA used generator instead of 500KVA brand new generator as approved. The supplier of the said generator is said to be on the run.

A girlfriend of a popular Nollywood actor was said to have collected the sum of N5million for Nottingham carnival but did not attend the carnival, sources squealed that NTDC had nothing to do with the carnival, that the carnival was used as a conduct pipe to siphon the said money

The petitioner stated that the sum of N23million was allegedly released to former SA to former Minister of Culture and Tourism, Edem Duke and currently a CEO of one of the parastatals in the Culture and Tourism Ministry to support Facilitating Nigeria, a project an NTDC staff who craved for anonimity described as another phantom project which was conceived to milk the agency dry.

She is also alleged to be enmeshed in illegal employment and recruitment without due process. According to the petitioner, Mbanefo breached the civil service procedure by employing non-career officers Director level, one of them was a junior staff at Tantaliser while the other one was a retrenched staff from a collapsed new generation banks before they were employed.

Mbanefo was invited by the ICPC in a letter dated December 2, 2015, honoured the invitation on 7th of December 2015 and was granted administrative bail. She was also at the ICPC office penultimate Wednesday and was said to have been further grilled by operatives of the ICPC.

In a bid to ensure that the ongoing investigation of alleged fraud did not consume her and her job, Mbanefo allegedly begged some prominent Nigerians to plead with the power that be to save her job. She was said to have begged a very senior Catholic Reverend and a serving Minister from the South East to intervene on her behalf but this National WAVES gathered has not yielded the desired result.

Some staff of the agency have commenced fasting and prayer to ensure the agency which was hitherto reputed or its dynamism embraced its lost glory.

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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.”



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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.


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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.


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