Secret Reporters No place to hide
Secrets Reporters
In what can only be described as a ticking time bomb, incriminating documents exclusively obtained by SecretsReporters have revealed that Delta Trust Mortgage Bank Limited, one of the trusted institutions licensed by the Central Bank of Nigeria (CBN) to handle mortgage banking, is wobbling on the edge of destruction. At the heart of this crisis is none other than the newly appointed Board Chairman, Hon. Jude Omena Ogbimi, whose actions have thrown the bank into chaos. Documents revealed that Ogbimi has drunkenly become an agent of corruption, masterminding abuse of office, and illegal activities that, if not swiftly addressed, could lead to the loss of the bank’s license and the livelihood of its employees.
Insider sources told this online media that Jude Ogbimi, appointed by Governor Sheriff Oborevwori of Delta State, has turned Delta Trust Mortgage Bank into his personal playground. From the moment he assumed office, he has abandoned the traditional role of a part-time non-executive chairman, instead launching a full-scale takeover of the bank’s daily operations. His actions, reminiscent of a dictator flexing unchecked power, have raised concerns not only among the bank’s staff but also investors, shareholders, and regulators.
We gathered that on his very first day, Ogbimi shocked employees by barging into the bank’s vault, accompanied by his political aide—who, notably, is not an employee of the bank. Together, they conducted an unauthorized cash count, violating multiple financial protocols and regulatory laws. It was a brazen display of arrogance, a harbinger of the nightmare to come, our source said.
In a toxic reign of intimidation, molestation, and abuse of power under Hon. Ogbimi, Delta Trust Mortgage Bank has become a hostile work environment, with the chairman using intimidation and fear to silence opposition. His mantra, “I am the Board,” echoes through the halls, a chilling reminder to staff that dissent will not be tolerated. From the Managing Director (MD) to junior employees, no one is spared from his harassment.
Our source remarked that in just five months, Ogbimi has held a staggering eleven board meetings, a record that far exceeds the norm. Each meeting drains the bank’s already limited resources, pushing it further into financial distress. Worse still, he has unilaterally increased board allowances and embarked on frivolous travels—all at the bank’s expense.
Remarkably, Hon. Ogbimi’s tyranny does not stop at financial recklessness. He has reportedly surrounded himself with cronies, weaponizing gossip and false accusations to victimize staff. Those who dare to challenge his authority are threatened, humiliated, or transferred without cause. Such was the case with the head of the Abuja contact office, a young mother whose appeal for time to care for her children fell on deaf ears. Her real crime? Refusing to comply with Ogbimi’s unethical demands to funnel pension and housing fund beneficiaries’ money into his pockets.
Hon. Ogbimi’s blatant disregard for due process has reached new heights, as he continues to make unauthorized staff appointments, including the hiring of an over-aged girlfriend with no banking experience to head the Abuja contact office.
In an audacious move, the chairman directed that he be made a co-signatory to the bank’s accounts, alongside the MD and Executive Director (ED). The implications of this are chilling: Hon. Ogbimi seeks to control the bank’s finances, bypassing the MD and paving the way for unchecked embezzlement. Sources told us that there are multiple instances where he has awarded contracts to his preferred companies, even when they offer grossly inflated prices. One such case saw a contract initially quoted at N2.5 million skyrocketing to over N7 million—an exorbitant price tag that raises serious questions about the chairman’s true intentions.
In what can be described as the road to ruin, perhaps the most alarming of Hon. Ogbimi’s transgressions is his open defiance of Central Bank of Nigeria guidelines. He has excluded the MD from crucial Credit Committee Meetings, a violation that threatens the bank’s regulatory standing.
More troubling is the fact that he ordered the immediate transfer and liquidation of the sum of N300,000.00 to former Governor Ifeanyi Okowa’s alleged Premium Trust Bank citing political reasons. He further directed within two weeks for the liquidation and transfer to Globus Bank he had closed previously. Remarkably, the chairman who has tuned a king made these moves without due process.
