ANOTHER BORN ROGUE: STERLING BANK MANAGER BOLTS WITH N40 MILLION

A bank manager, Elliot Abiodun, who allegedly stole $110,000 (N40 million) from Sterling Bank, was on Friday arraigned before an Igbosere Magistrates’ Court in Lagos.

Abiodun, whose residential address was not given, is standing trial on a two-count charge bordering on conspiracy and stealing.

The Prosecutor, Friday Mameh, told the court that the accused committed the offences on June 3, at 10 a.m. in Lagos.

He said the accused stole the $110,000 property of Sterling Bank Plc.

The prosecutor said the offences contravened Sections 287(8) and 411 of the Criminal Law of Lagos, 2015. The accused, however, pleaded not guilty to the charges. Counsel to the accused, T.J. Agoro, urged the court to grant his client bail.

Agoro told the court that he would stand surety for the accused and ensure that he showed up in court till the determination of the case.

The Magistrate, O. A. Olagbende, released the accused to his counsel on the grounds that the lawyer would ensure that the accused attends court’s proceedings.

The Magistrate adjourned the case until September 19 for mention.

ESTABLISHED TO DUPE: HOW FIDELITY BANK DEFRAUD NIGERIANS OF MILLIONS BY PROVIDING CUSTOMERS INTERNET DETAILS TO SCAMMERS TO EMPTY THEIR ACCOUNTS EVERY WEEKEND

Secret Reporters

Like flies get attracted to filth so is Fidelity Bank attraction to fraud and anything capable of stealing from their customers. As their name Fidelity implies; they have truly kept to their promise of making their customers life hell by working with syndicates to siphon their money, thus making a mess of internet banking.

On 5th July 2016, Secret Reporters can report authoritatively that Fidelity Bank succeeded in making a Nigerian go to prison when they sold fake $4000 to him in their Ajah Branch.

The businessman Chike Joseph met the shock of his life after boarding a plane from Enugu International Airport and arrived Dubai International Airport on Wednesday, 6th July, 2016 via Ethiopian Airline but was held by airport authorities for being in possession of fake dollars.

He was moved to El-Rashida Police Dubai who proved his innocence when they saw documents of the bank transaction between him and Fidelity but still held him in custody as the ban was nowhere to be found to own up to their scam.

Contrary to news making the round that Heritage Bank is the corporate institution involved in snooking Nigerians of money deposited with them; information available reveals that Fidelity Bank is actually the criminal establishment involved in the multi million fraud.

This revelation was made known by the Special Fraud Unit of the Police when they arrested 11 suspected scammers with three of them being Fidelity Bank officials in an investigation that spanned three months.

According to the Police, the bank secretly worked with two MTN officials who have been discovered to be outsourced staff. The telecom staff working on information provided them by Fidelity Bank swapped customers details with new phone numbers.

Making the startling revelation, SFU spokesman, ASP Lawal Audu in their Ikoyi office disclosed that the bank specialized in providing the syndicate account numbers of customers with enough money and into internet banking; where they swap details so as to make the customer unable to receive alerts as they siphon the money during weekends and public holidays. Over 40 accounts of other banks with different ATM were the funds transferred into.

“The effort of the police team eventually paid off when the same group was holding their final meeting at eateries along Bode Thomas Street, Surulere. Their plan was to defraud another new generation banks between May 26 and 29,’2017. Detectives stormed the venue during which one of the major kingpin claimed to be Alhaji Ismaeel Salami and four members of the syndicate were arrested. Thirty five ATM cards affixed with account numbers and passwords were immediately recovered from them”

The Fidelity Bank staffs alongside the telecom staff made over N150 million engaging in the criminal activities.

The suspected bankers arrested by the Police are Oyelade Shola-Isaac, 32, Osuolale Hammid, 40, and Akeem Adesina, 33, while the network service provider employees include Okpetu John, 29, Chukwumnoso Ifeanyi, 30 and Salako Abdulsalam, (ICT specialist), 30. Other suspects were Ismaeel Salami, 49, Akinola Oghuan, 34, Sarumi Abubakar, 32, James Idagu, 56, and Sunday Okeke, 33.

They were all arrested in Lagos, Ibadan and Ilorin. Audu stated that “It was, however, unveiled that this criminal syndicate usually sourced these bank ATM cards from their owners, especially among the vulnerable youths deceiving them to release their AlTM cards, account numbers and passwords for eventual monetary rewards based on the amount their card receive”

The Nigerian Witness Newspaper according to what we gathered contacted MTN who acknowledged the big fraud by Fidelity Bank in a letter to them.

“We wish to point out that the arrest stemmed from MTN’s report of an unusual level of swap activity to the Nigeria Police. This breach was perpetrated by employees of an independent but regulated third-party trade partner who owns and operates the Connect store where the incident took place.

“We are appalled by the situation and condemn it in its entirety. The security and well-being of our customers are of paramount importance, and as such we will continue working at strengthening our governance structures and processes, and will proactively report suspicious activity once it occurs.  We (MTN and all our regulated third-party trade partners) are committed to protecting our existing and potential customers from all present and emerging threats and will continue to work closely with the security agencies to ensure appropriate action when there is evidence of misconduct – as was done in this instance.

“We commend the Nigeria Police Force for their response and handling of this matter and pledge our support to seeing it through to conclusion. MTN remains firmly committed to the highest standards of integrity, ethical behaviour and good corporate citizenship.” MTN told the paper.

Fidelity Bank is among the institutions owned billion of Naira by Etisalat Nigeria. They loaned the now struggling telecom industry $56 million and N17 billion according to This Day Newspaper without tangible collateral to get back their money.

When contacted, the bank’s communication head Charles Aigbe didn’t pick his call nor returned it before press time.

 

EXCLUSIVE: VICTORIOUS FRAUDSTER: THE UNTOLD DUBIOUS TALES OF OGIEMWONYI, MD/CEO OF PARTNERSHIP INVESTMENT COMPANY WHO SWINDLED NSE OF N20 BILLION

Secret Reporters

Every competent corporate entity has a vision; accompanied with a mission statement to see the vision through. For Mr. Victor Ogiemwonyi, the Governor-General of Partnership Investment Co. Plc & Partnership Securities Ltd., he sought and saw his vision in the soul and sound of the 1925 Nobel Prize winner in Literature, George Bernard Shaw: ”The greatest of all evils and worst of crimes is Poverty. Our first duty to which every other consideration should be sacrificed is, Not to be Poor”.

This was the guiding light and driving force of Victor and his Partnership babies. He set out to conquer poverty from his household and famished family and to ensure the life of a King of Opulence while the wife becomes the Queen of Splendor, the three daughters, the exotic Smart Princesses and the only boy Kola, the Grand Inheritor.

Unfortunately, he sought to attain his noble dream by, as it is now abundantly evidenced, defrauding his trusting clients. These customers and clients in all confidence placed their hard-earned savings into his alluring softs palms. So wicked and despicable are some of his activities that he went on to fleece widows and retired old pensioners of their livelihood.

It was not as if Mr Ogiemwonyi has not sniffed opulence; even if at a distance. His Olufunke whom he slyly and strategically pursued with dexterity and alacrity to become his wife in far-away Houston, Texas in 1980 (we are unable to confirm the rumour of a second and/or third wife), was the prized daughter of Chief Henry Fajemirokun, the business mogul.

Giving credit where it is due, Fajemirokun is one of the few old-rich in Nigeria (of the league of stingy Odutola, benevolent Michael Ibru, conservative Sir Ojukwu and cheerful Dantata) who made money the hard way; they earned it, devoid of scandal, government patronage and fraud. But Ogiemwonyi and his wife had no keys to Fajemirokun locker room. They saw the treasury safe but could not touch it as Dele, the first son and scion was the Controller-General of Fajemirokun clean, old money. But the crumbs from the table that reached their hands, Victor gathered.

These, with other aids from friends, Victor gathered to start Partnership Investment Co. Ltd. at 37, Ademola Street, Off Awolowo Road, South West Ikoyi in February 1991. We have dug into the lives and times of Victor Ogiemwonyi, his family (immediate and extended), businesses, employees (past and present), friends and foes alike in order to unravel the mystification of Mr Victor Ogiemwonyi whom history with incontrovertible facts has labelled a Victor of Fraud.

It is a mixed tale of an initial noble ambition but later tainted with obscene or adulterous exuberance and gross mismanagement of funds and friendship. We will be lenient with him rather than throw him to the dogs with the mighty heaps of records and facts dug up on him, his family and associates for we detected a tiny humane and noble speck somewhere at the tip of his heart. It is ironic and tragic that Mr Ogiemwonyi, a graduate of Accountancy, supplemented with an MBA from the top-rated black institution, Texas Southern University, Houston and recently complimented with an MBA from the world’s foremost Univ. Harvard, refused to remember that short-term facilities should never be used for long-term investments especially fixed economic assets. He pulled short-term funds from unsuspecting clients, customers and friends for investment in personal residential properties.

He also forgot that old broom sweeps better rather than discarding old peers and sailing with new disloyal amateurs and novices in the area of finance, management and marketing. Today, Victor and his two companies are in the hole for almost N20 billion in debts. The funds he frittered away in luxuries are vanities belong to others and he must now pay back. But how did Victor, the son of Mr Bright Ogiemwonyi, a building contractor in Ibadan (where Victor was born in August 1955) and Victoria Omonuwa, a granite trader, come to sqander customers’ and clients’ N20 billion?

To be continued…

You can read our previous report on him here  http://secretsreporter.com/victor-fraud-dubious-life-partnership-investment-plc-boss-victor-ogiemwonyi-defrauded-stock-market-n20-billion-lives-like-king/