Secrets Reporters

One of the men who will have to explain many things to the Financial Regulatory Council of Nigeria (FRCN) when General Muhammadu Buhari takes over will be the co-owner of Access Bank PLC, Aigboje Aig-Imoukhuede; by telling the world why his bank has broken every known rule of labor in Nigeria and world.

This financial institution known for aiding politicians in looting their state Secrets Reporters is not truly what it say it is, especially when their adverts running on television stations claims to employ the best hands in the banking sector.

Sources within the bank reveals that like the proverbial prayer of “may I not work like Elephant and eat like ant” is the reverse here, as they work like Jackals and Elephants, yet eat like ants. We gathered that Access Bank branches nationwide which flows with staff are not the owners of the staffers they claim to be theirs, as each of the branches have only THREE pensionable staff, namely the branch manager, operational manager and any marketing staff who serves as the branch team leader and must have brought enough capital to the bank, mainly ladies who have been sent out for corporate prostitution.

All other workers are mere contract staff who can be fired anytime without reasons or query issued to them. These ones we can report authoritatively will work all the days of their lives without entitlement to any pension benefits, Medicare allowance, training and re-training, leave allowance. The only allowance the lucky ones among them get is car allowance which is granted them, as a way of deceiving the unsuspecting public that they are well employed and paid. “It is all pulling wool over the eyes of Nigerians”, our source within the bank affirms.

Marketers Nightmare

Those who are unfortunate to be employed as marketers are stylishly told from day one to be prepared to do anything to keep their job.

In what can best be described as point and kill, the marketers we gathered are mandated to bring a deposit of N500 million monthly by whatever means. A female staff who works in one of the branches in Lagos is currently on the verge of resigning as she can no longer copes with ‘sleeping with numerous men whom you don’t even know he spirit they carry”, she lamented to this medium.

These marketers get their promotion through what they are able to deposit in their various branches, with grades ranging from A to E. Whoever is marked with the red pen and graded ‘E’ thrice is as good as being sacked, another source stated.

Secrets Reporters investigation reveals that these casual workers are paid stipends of Sixty Thousand Naira (N60,000) to N65,000. It is from this peanut that they are have to wear the most expensive suits and shoes while refueling the cars given to them on loan payment

***Watch out for those behind this dirty deal


Frauds in banks are no longer news especially with the new generation banks however, what’s new is there dubious ways of scamming clients.
Such is the case of Fidelity bank, Sanusi Brothers Group of company and MTN.
Sometime in May, Sanusi Brothers Nig Ltd leased out their premises situated Plot 9, Block A, Ogba Scheme, Ogba Industrial Estate, Lagos and 2 Akanni Doherty, Off Oba Akran Road, Ikeja respectively to Mobile Telephone Networks Ltd (popularly known as MTN) for erection of telecommunication masts. The premises were leased to MTN at the sum of N4,333,333,33 (Four million Three hundred and thirty three thousand three hundred and thirty three naira thirty kobo) for a period of three years.
However, 3 years later when the lease between Sanusi Brother Nig Ltd (SBNL) and MTN is due for renewal, one of the Executors of the Estate of Alhaji Abdul Razaak Olajide Sanusi, Mrs. Fallilat Sanusi-Lawal, received two bankers cheques for the sums of N9,750,000.00 (Nine million Seven Hundred and fifty thousand Naira) in favour of Sanusi Brother Nig Ltd being rent for the demised premises.
Moreso, instead of Mrs. Fallilat Sanusi-Lawal lodging the two MTN cheques into the company’s account as expected she diverted and converted the cheques to her personal use with the connivance and negligence of Fidelity Bank.
Subsequent investigations by the company revealed that Mrs. Falilat Sanusi-Lawal cleared the cheque into accounts fraudulently opened with Fidelity bank in Ogba branch. This shows how fraudulent Fidelity bank is. Owning to Fidelity bank’s negligence in allowing Mrs. Falilat Sanusi-Lawal to open and operate the said accounts by withdrawing the company’s funds, Sanusi brothers Nig Ltd has already suffered grate financial and economic loses.
Inspite of the fact that the said Mrs. Falilat Sanusi-Lawal was neither a director nor shareholder of Sanusi Brothers Nig Ltd, Fidelity Bank allowed her to open an account in the name of the company even without any authority from the company.
It’s so obvious that Fidelity bank breached its own internal guidelines and regulations of the opening and operation of corporate account. Fidelity bank also failed to carry out any mandatory and necessary searches to confirm whether the said Mrs. Falilat was authorized to open bank accounts on behalf of the company (SBNL).
With the help of the bank manager, Mrs. Falilat was able to open the account with the company’s name without necessary documentation. Fidelity bank failed to cite the Company’s Form CAC and particulars of Shareholders and Director’s respectively before opening the account.
Upon discovering the misappropriation of its fund by the said Mrs. Falilat, the company wrote several letters to Fidelity bank requesting for the return of its fund. Although Fidelity Bank acknowledged receipt of the said letters, it replied that the matter would be investigated and after which it would revert to the Sanusi Brother Nigeria Limited but till this publication, investigation is yet to be communicated to the Sanusi Brother Nig Ltd., and neither has the total sum of N19.5M (Nineteen Million Five hundred thousand naira only) cleared through Fidelity bank was refunded.

UBA Managers steal customer’s N260 million

…Phillips Odouza troubled 

Incessant Bank Fraud by Officers and Managers in UBA assumed another dimension last week, as new swindling trick was exposed for customers to be vigilant and beware. The United Bank for Africa (UBA) has given a vivid account of how its erstwhile Oke-Arin II branch manager of the bank, Prince Okay Aroh, and his alleged accomplice Abimbola Oluwaniyi, helped themselves to funds from accounts of two customers: Mr. Emmanuel Chukwuemeka and Petroz Nigeria Limited. 

The bank, through a petition addressed to the Head of Operations of the Economic and Financial Crimes Commission (EFCC), alleged that Prince Aroh alongside Abimbola Oluwaniyi, the Relationship Manager of the branch, fraudulently converted a total of N265 million. Giving details of how the alleged fraud was perpetuated, the bank stated that a report was received by Group Audit of the bank on a suspicious transaction involving the duo. According to the bank, Mr. Chukwuemeka had alleged he had fixed deposit investments totaling N265 million with the bank. The bank said after detailed investigation a number of revelations came to light. 

One of them was that Mr. Chukwuemeka maintains three accounts with Oke Arin branch of the bank, namely Emmanuel Chukwuemeka, Chalton Nigeria Limited and Chanko Investment Nigeria Limited. The bank further pointed out that the customer presented deposit certificates for four fixed tie deposits totalling N265 million which were found not to exist in the system. The bank maintained that upon the customer’s insistence that he had deposits with the bank, his accounts were reviewed and it was discovered that he had two fixed time deposits with the bank totaling N120 million (N60 million each booked on his account on 8th and 11th 2010in favour of Chalton Nigeria Limited and Emmanuel Chukwuemeka respectively). 

“It was however discovered that upon maturity of one of the fixed time deposit on 8th December, 2010; its proceeds were used to liquidate two cash collaterised facilities belonging to Eeribe Ikenna and Evacyil Nigeria Enterprises, while the second fixed tie deposit was partly used to liquidate the cash collaterised facility of Petroz Nigeria Limited”, the petition read in part. While noting that Mr. Chukwuemeka denied the consent to use his investment as collaterals for the facilities for these customers, the bank told the anti-graft agency that the operator of Evacyil Nigeria Limited, one of the beneficiaries of the alleged fraud is faceless. 

“The petitioner now seeks the assistance of your good office to institute an investigation into the above fraudulent activities and ensure that the culprits face the maximum punishment provided under Nigerian laws for the offences, as well as prevent the culprits from enjoying the fruit of their fraud at the expense of the petitioner, its depositors and investors”, the petition read in part. 

Prince Aroh and Mrs Oluwaniyi have since been slammed with a six count charge of conspiracy, stealing by fraudulent conversion, forgery and uttering before a Lagos High Court presided over by Justice Oluwatoyin Ipaye. They pleaded not guilty to the charges.

Source: Daily Voice NG