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Zenith Bank Burnt as Policeman kills Pregnant Woman and Taxi Driver in Abuja

Posted by 9jabook.com webmadam on January 31, 2011 at 8:40pm

A mob on Monday razed a branch of Zenith bank at Mpape, Abuja following the shooting of a taxi driver and a lady passenger to death by a policeman attached to the bank.

The incident, which almost got out of hand also, consumed nine cars belonging to the bank and its members of staff, while the ATM machine was looted and set on fire.

The two persons were rushed to an undisclosed hospital, but unconfirmed reports said they later died of gun injuries. Trouble started when the policeman accidentally shot the taxi driver who had parked in front of the bank for his passenger to alight. The bullet also hit the female passenger, which led to her death; and this triggered the riot and attack on the bank.

Lorry load of policemen and soldiers were later brought to control the situation..

The Federal Capital Territory Commissioner of Police, John Haruna told journalists that “the policeman at the centre of the crisis has been taken into custody,” stressing that there were certain conditions that must be met before firearms could be used, but these conditions were not satisfied before the policeman fired his weapon.” The Mpape Divisional Police Officer, Imran Balarabe said he was at home when the incident happened but was informed by the Divisional Crime Officer via a phone call around 8 am. “I quickly dashed to the scene, only to see hundreds of angry people attacking the bank and attempting to break into the banking hall.” He said. The DPO said the information he had was that the gun went off when the policeman hit his rifle against the car to urge the taxi driver not to park in front of the bank, adding that the rifle may not have been cocked. However, Igwebuike Ugwueze, an artisan whose workshop is directly opposite the bank explained to NEXT that he heard a gunshot and saw the policeman speeding away as he was hotly chased by the mob.

“The policemen escaped into a bus which took off, then the people mobilised and started stoning the bank before setting it on fire. I learnt that some people suffered gunshot wounds, but I didn’t see any dead bodies,” he said.

NEXT observed money bands littering the frontage of the bank as well as expended shells on the ground.

Who lodged N9.3bn into my bank account?

Posted by Paul "EFCC" Hawk Adams on September 7, 2010 at 10:00pm

WHAT has remained a puzzle to Ade-yemi Durojaye, a Higher National Diploma (HND) 1 Student of The Polytechnic, Ibadan, is the identity of the person who lodged N9,309,019,869.91k into his savings account.

More puzzling, however, is the swift manner with which the money disappeared from his account without any trace of it in his statement of account..

According to the civil engineering student, he had a little over N3,000 in his account and was going home for the weekend on Friday, 13th August, 2010.

So, Durojaye went to the First Bank of Nigeria Plc, Ibadan Poly 4 branch, with the intention of cashing N2,000.

It was about 6.57 p.m., so, he had to use his Automated Teller Machine (ATM) card.

"I was perlexed when I printed out my receipt and saw the balance in my account. I became weak and tired. Nine billion, three hundred and nine million, nineteen thousand, eight hundred and sixty nine naira, ninety one kobo. How did this amount get into my account?" I wondered.

To authenticate the ATM's claim, he withdrew N20,000 from the amount. But on Saturday when he went to check his account again, the money had disappeared from his account..

He, however, went to report the incident to the manager of the bank, a woman, on Monday morning.

He declared his intention to return the N20,000 he withdrew from the amount. The bank manager gave her approval but collected the triplicate copy of the teller which Durojaye used to lodge the money into his account.

Durojaye later collected his statement of account, which had no record of the over N9 billion in it.

Although it has the record of the N20,000 which he refunded, that had also disappeared from his account, leaving a balance of a little over N1,000.

When the Nigerian Tribune visited the branch on Wednesday, the manager was said to be on leave while the Branch Operation Manager, claimed ignorance of the incident and referred the Nigerian Tribune to the bank's head office in Lagos.

Jonathan’s wife wins okada in bank promo

Posted by 9jabook.com on May 30, 2010 at 1:48am

The wife of the President, Mrs. Patience Jonathan, was on Thursday in Lagos announced as one of the winners of the Union Bank Plc savings bonanza.

She was declared as winner of a motorcycle (okada) in the grand finale of the bank’s savings bonanza, the News Agency of Nigeria reports.

Jonathan’s wife, with ticket number 387492, operates a savings account with the Yenagoa branch of the bank.

The Managing Director of SO and U Advertising, Mr. Udeme Ufot, after confirming the account, announced the President’s wife as the winner of the bonanza.

The Managing Director of Union Bank, Mrs. Funke Osibodu, said on the occasion that the bank would not relent in its effort to support investment in the real sector.

She said the development would facilitate the nation’s rapid economic growth.

“With the conclusion of the draw today, we would have given out the prizes earmarked at the beginning of the savings promo, thereby fulfilling our promise to the public,” Osibodu said..

She said it was important for the bank, because “it is a mark that will remain reliable as a financial institution.”

The bank chief said the promo was aimed at strengthening retail and consumer behaviour to mobilise deposit from the savers, especially the small scale ones.

NAN reports that the bank gave out 18 cars, 60 motorcycles, N8.6m cash and three Toyota Land Cruiser jeeps to winners.

Bank PHB: From frypan Atuche To FIRE and sack Cyril Chukwuma as bank bleeding continues

Posted by Paul "EFCC" Hawk Adams on March 24, 2010 at 8:26pm

Fresh scandal rocks Bank PHB • 2 Directors bleed bank as losses continue to rise in the latest Charge and Bail versions of Bank MDS .

If indications from CBN-managed Bank PHB are anything to go by, then the bank may not emerge from its current financial mess in a hurry even as the interim tenure of embattled Managing Director; Mr Cyril Chukwumah,

expires next year. Documents released to the Daily Sun by a group of recently- retrenched workers of the bank may have inadvertently opened another can of worms on the embattled bank.

According to the documents, the ex-workers are alleging that Chukwumah may have collected almost $100,000 in estacode having spent close to 50 days abroad since assuming office some six months ago as the Chief Executive. They say this is attributable to the MD’s choice of travelling.

The fresh scandal is rubbing off on Chukwumah, whose sacked ex-staff are now claiming has cumulatively disengaged about 1,000 professional employees in February, in what he claimed would save the bank N4.5 billion. They alleged Chukwumah travelled abroad for 50 days (including 18 days of vacation after 72 days in office), after just five months as MD. At a daily estacode (per diem) rate of $3,000 for MD as stipulated in Bank PHB’s policy, Chukwumah has so far collected a whopping $96,000, excluding the controversial $120,000 leave allowance he was alleged to have collected in December 2009. This becomes mind-boggling when it was revealed that the tenure of the embattled Managing Director expires next year..

Documents obtained by Daily Sun show that he travelled twice in November 2009 to Ghana and London; went on vacation in December/January; travelled to London in January. In February, he travelled again to UK, while so far, this month he has already travelled to London and The Gambia.

Curiously, a new dimension has been added to the newfound luxury of the CEO, as he has entered into an alliance with another director of the bank, who ironically complained to the CBN Governor in December 2009, that the MD was ignoring the board in running the bank. The bank, on the CEO’s approval, now bears the cost of the director’s travel to Boston, Massachusets, USA, on first class ticket, ostensibly in search of core investors. However, his wife also lives in Boston.

The director has also travelled on first class tickets with the Managing Director to The Gambia, London, South Africa, and Freetown, also in search of core investors. Ironically, the director is not on the board of any of the bank’s subsidiaries – Bank PHB, UK; Bank PHB, Gambia; Bank PHB, Liberia; Bank PHB, Sierra Leone; and Bank PHB, Uganda.

Meanwhile, as the MD and the said director embarked on a free-spending lifestyle of luxury and self-enrichment, the bank that the CBN Governor said would be better managed under Chukwumah, continues to post losses. Available records from the bank’s monthly returns to CBN show that it incurred a loss of N3.8 billion in January 2010.

It would be recalled that the nation’s banking public was shocked in January when it was revealed in the media that Chukwumah, who had just spent 72 days as MD, as at December 18, 2009, paid himself an off-shore leave allowance of $120,000, a payment he was entitled to, only after one year in office. In an effort to ameliorate the gravity of his alleged infraction, he explained that he actually cut down the allowance from $450,000 per annum, which the former CEO usually collected, only for it to be revealed that the former CEO, Francis Atuche, never collected any leave allowance in his four-year tenure (2006-2009) as MD.

Not done with the concern for his personal welfare, Chukwumah, also in January reviewed staff emolument by cutting salaries of staff as much as 35%, while cutting his by a mere 18%, before pushing about 1,000 professionals to the labour market in February.

EFCC seizes Atuche's multibillion naira assets N50bn cash, 18 firms, 15 houses, 17 bank accounts

Posted by Paul "EFCC" Hawk Adams on March 5, 2010 at 2:50am

IS THIS FAIR ? One Man and his cohorts in Bank PHB have disrupted the careers and livelihood of over 1000 staff and their families fired recently !

EFCC seizes Atuche's multibillion naira assets *N50bn cash, 18 firms, 15 houses, 17 bank accounts

Written by Lanre Adewole

Friday, March 5, 2010

EMPOWERED accordingly by a federal high court sitting in Ikoyi, Lagos, the Economic and Financial Crimes Commission (EFCC) has seized over N50 billion, 18 companies and 15 houses from the sacked Group Managing Director of Bank PHB, Mr. Francis Atuche.

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Atuche was sacked along with heads of other nine banks by the Central Bank of Nigeria (CBN) in the wake of the discovery of alleged fraud in the banking sector running into one trillion naira.

Seventeen bank accounts belonging to him were also frozen.

In one of the accounts domiciled with the bank, N25.95 billion cash was said to have been found.

The commission will also this morning commence the sealing off of all the houses traced to him.

Commission's spokesperson, Mr. Femi Babafemi, confirmed the commencement of the exercise.

The commission had attached all the property traced to Atuche, who is standing trial for his alleged role in crippling the bank, to the Notice of Attachment placed before the trial judge, Justice A.O Ajakaye, who issued the order of temporary forfeiture on March 1, 2010.

Apart from the cash found in his bank account, Atuche also reportedly invested N1.5 billion in Honeywell Flour Mills Plc, N305,889,418 million in Arik Ltd and 500 million units of shares in Afribank Plc.

The houses traced to him are in Ikoyi, Victoria Island, Surulere, VGC Lekki, Ibusa, Delta State, Asokoro, Abuja, with a sole property at 59, Avenue Close, Avenue Road, St. John's Wood, London.

Some of the companies listed as alleged fronts in siphoning depositors' funds included, Guesstrade Services; Sentron Trading; Montra and Investico; Claremount Asset Management Limited; Arabian Probity Management; Clareville Trading and Service Limited; Commerical Trading and Services Limited; Afco Associates Limited; Trenton Trade Limited and Consolidated Business Support Limited.

He was also said to have used 15 fronts, including his wife, children and relatives.

The names listed in the court order included Elizabeth Atuche; Grace Atuche; Victor Udeh; Michael Atuche; Anthony Grace; Joseph Atuche; Nkeolisakwu Atuche; Mrs. Mariam Okonmah; Patrick Atuche and Kemi Ojelabi.

Some of the frozen accounts are SA-400221000004, 2190001272, 1160000011, PNA 0010184100002 and CA 001040100000, all domiciled in Bank PHB as well as A/C Nos; 10100061705 and CA 001020102315 belonging to Elizabeth Atuche.

Some of the houses are 2b Falomo Close, Ikoyi; 21 Kingsway Road, Ikoyi (hotel known as Clonades), 41B Anifowoshe Street, V.I, 11 Raymond Njoku Street, Ikoyi, 2000M 2 Plots of land at Ibusa, Delta State, 46 Mamman Nasir Street, off T.Y Danjuma, Asokoro, Abuja, among others.

N1.6m ATM fraud: Customer drags bank to court

Posted by 9jabook.com on December 7, 2009 at 7:33pm

Yejide Gbenga-Ogundare and Omankhanlen Odidison report the plight of a bank customer who alleged that fraudsters stole money from his account with Automated Teller Machine while the bank claimed innocence. advertisement THE increasing cases of fraud perpetrated through automated Teller Machine (ATM) have been causing sleepless nights to virtually all security outfits in Nigeria, bank executives, and especially ordinary Nigerians, operating accounts in various banks. All efforts towards eradicating this crime by banks and security personnel in the country have proved abortive while the problem has defied all solutions proffered by professionals. As a result, ATM fraud continues to thrive in the country. Another disturbing aspect of ATM fraud is the allegation that it could not be possible without the connivance of insiders in the banks, but the link has so far not been authenticated. Also, many syndicates said to have been apprehended by security operatives never paid back what they stole. Many victims have, as a result of this, taken ATM fraud as personal issue to be resolved by individuals involved in the way they deem fit. Akintayo Afolabi Akinbode is one of those victims who had decided to take legal action as a means of recouping his stolen money. What was his solution? He decided to go to court, based on his belief that the bank cannot claim innocence of the fraud perpetrated on his account which he operates in one of its branches in the state. Meanwhile, the lingering altercation between Mr. Akintayo Afolabi Akinbode and Sterling Bank over the unauthorized withdrawals from his account via ATM, has continued unabated with the bank keeping mum. Efforts by the Nigerian Tribune to get the bank’s officials to react to this development proved abortive as they refused to comment. Narrating his ordeal to the Nigerian Tribune in Lagos, Akintayo said, a total sum of N1,630, 300.00, was withdrawn from his account No – 226/20449/110 domiciled in Ikoyi branch of the bank between 18th May and 26th June this year, without his knowledge or notice, stating that efforts to get the bank to redress the anomaly proved abortive. According to him, he operated two accounts at the Ikoyi branch of the bank and was last year issued two ATM cards, though he did not request for any, stating that when he tried to activate the cards, the activation process failed, and he immediately notified the bank. He said that since the cards could not be activated last year, he had neither reactivated nor used it to make withdrawals from his accounts. He further explained that any withdrawal of money that were in excess of N100, 000 from his account were always confirmed through a phone call to him or his wife by one Mrs. Sherifat Adediwin, through mobile phone number 08025019938 or 01- 7301077 before such payments were made. He is still wondering how the said amount was withdrawn from his account without his knowledge. Akintayo, who is already in court, had filed a writ of summons against his bank, Sterling Bank Plc, at the High Court of Lagos State through his counsel, Olaleke Akinloye Esq. to demand for some declarations and orders. He is asking for a declaration of the court that the alleged activation of the ATM card by his bank without his knowledge or notice is illegal; a declaration that all the alleged withdrawals made with the said ATM card between 18th May 2009 and 26th June 2009, without his notice, were illegal; and a declaration that the bank owed him care, by virtue of customer/bank relationship. The bank, he said, had breached the said care by allowing and permitting the usage of an ATM card for withdrawals of his money without his knowledge. Also, he is asking for an order mandating the bank to refund N1, 630, 300, being the total sum of money withdrawn from his account, with 10 per cent interest per month, beginning from 26th June until the money is fully refunded. He is also asking for the sum of N5,000,000 as damages, and N500, 000 as cost of legal action. Akintayo said following the discovery of the unauthorised withdrawals with the ATM card on 26th June this year, he immediately notified his bank that the said ATM card be hot-listed or deactivated, and further transactions on the account be suspended, and immediate commencement of investigations to unravel the masterminds of the said withdrawals be conducted. He, however, claimed that the bank refused to honour his instruction concerning his account. As a result, after the day, a total sum of N75, 000 was still withdrawn from his account with an ATM card. The bank, on their part, decided to write back to Akintayo, denying liability for the unauthorised withdrawals. In his final resolve, Akintayo, through his counsel, claimed that the almost daily withdrawals from his account with ATM, without notifying him, was planned, hatched and executed by his bank, or in collusion with other persons

Obafemi Martins 3Trillion Naira Jamboree Extravaganza Lifestyle

Posted by Choochoo Sports Book on November 21, 2009 at 6:00am

It has been revealed how Super Eagles striker, Obafemi Martins, extranvagantly squandered about N3.1 trillions while a player of Newcastle.Martins

advertisementHis former management company, NVA Management Limited who has dragged the player to court over breach of contarct, told the jury how the player’s account almost went red because of his lifestyle.Obafemi Martins was paid £75,000, but allegedly squandered the earnings on an extravagant lifestyleA former Premiership footballer routinely blew his £75,000 a week wages in a matter of days and was constantly overdrawn, a court was told yesterday.Obafemi, ex-Newcastle striker 25, was paid the handsome salary after he joined the club for a £10million fee in August 2006.But despite his extraordinary earnings, his former management team yesterday claimed they repeatedly bailed him out after his bank account continually slipped into the red.The High Court heard that the Nigerian international player would withdraw £40,000 in cash from his bank account at the end of the week.But that would only last him two days, the court heard, as he topped up with a further £25,000 on the Monday morning.He was always overdrawn and repeatedly relied upon NVA Management Limited to ‘manage his life’, the High Court was told.Martins, who owned several fast cars including a top of the range Porsche 4X4, spent the money funding an extravagant lifestyle of luxurious penthouse homes and fine dining.

He is now being sued by his former management company which claims that he still owes them 300,000 for sorting out his finances.He told the court that Martins would withdraw £40,000 for the weekend, followed by another £25,000 on the Monday.‘Despite earning these vast sums of money he was constantly overdrawn,’ added Mr Tennink.He said the firm, which looks after the affairs of several footballers, film and music stars, said that Martins had agreed to pay them for simply managing his life.It was under their stewardship that Martins agreed a £2million image rights deal ‘simply for being Mr Martins’.It’s claimed Martins was constantly overdrawn despite earning £75,000-a-weekHe also had lucrative sponsorship deals with various companies including Pepsi and Nike but had not been paid.When the company stepped in to run his affairs they sorted the unpaid contracts, bringing in thousands of pounds.They also organised visas when he travelled to Italy, where he once played for Inter Milan, and sorted out his passport, his mortgage and property valuations.They even arranged critical illness cover and were constantly running up and down the motorway from their London offices to Newcastle in a bid to do all that he required.‘But surely these were things a secretary could do?’ asked Judge Richard Seymour QC, referring to the size of fees charged.‘It was a Jeeves-type of role that they performed.’Mr Tennink protested that managing every aspect of his life was just part of what they did, and asked the judge to bear in mind the sort of figures these players earned.He said Martins had come to them in July 2007 and had agreed a fee of around £300,000 plus 20 per cent of any sponsorship monies they managed to acquire on his behalf.“He asked for these services to be carried out,” Mr Tennink told the court.Before they managed his affairs, Martins had not been paid a penny for his image rights for the use of his name on Newcastle shirts and mugs and had received nothing from his sponsorship deals.He could not even find the contracts he had originally signed, Mr Tennink added.Martins paid the company £67,500 in January last year and another £25,000 in April last year.But the question for the court to decide, said Mr Tennink, was whether there was a ‘binding obligation’ for him to pay the outstanding bill of over £300,000.After Newcastle were relegated from the Premiership last summer Martins was sold for £9million to German Bundesliga Champions Wolfsburg.Martins, who once owned a penthouse apartment overlooking Newcastle’s exclusive Quayside, is fighting the claim.The hearing is scheduled to last for three days.

Preparing for a Sure Business Plan

Posted by Mikky Webs on November 20, 2009 at 5:52am

Click here to read the main articleThis will certainly interest you if you are writing a business projection/proposal.Before getting into business one should ask a warm up questions like:1. What is the type of business?2. How will I be classified?3. What is the purpose of this plan?4. Who are our target audience?5. How can we use the plan to advance?6. What market need are we satisfying?7. How is my approach better than existing products and services?8. My time table to get my offering to the marketplace.Click here to read the main articleTIPSBe sure of these tips if you are writing a business projection/proposal.1. Approach to be market driven rather than products driven.Investors are only interested on how the product will be received in the market.2. Quality is the competition.3. Present your distribution plan to the targeted audience.4. Exploit you company uniqueness. (Like traded secret)5. Emphasis to be on management strength.6. Present attractive projections – be realistic in you market data.7. Show possible funding source because banks interest always lies on stability, security, cash flow coverage & fund return8. Close with a bang – drive home your points that you are offering a good deal.“Until you are able to say where your money goes you are not qualified to handle money”Click here to read the main articleA MUST HAVE FOR ENTREPRENEURS1. Intelligent, brilliant and has potentials2. Has a forward looking disposition towards the market prospects3. Believe God is more or his side than with anyone else4. Is faced by the twin evil of poor basic infrastructures, small or no capital.5. Is not attuned to borrowing to leverage.6. May or may not keep adequate recordsClick here to read the main articleSCHEMES FOR THE ENTERPRENEURSThe scheme are mostly credit orientated a few offer capacity building/ training and infrastructure development for entrepreneurs. Some are for export while some are in form of tax incentives owned by state, federal government Private Sector foreign agencies, non governmental organization; schemes for groups, individuals, firms etc. Micro Credit approaches are adopted in certain cases a general problem of poor access to the schemesClick here to read the main article

CBN fires Adenuga and three bank CEOs

Posted by Paul "EFCC" Hawk Adams on October 4, 2009 at 8:38pm

The Central Bank of Nigeria, on Friday, fired the chief executive officers of three of the 14 remaining banks at the conclusion of stress audits of their operations. Like the first five banks whose chief executives were fired in the first round of audit of 10 banks, the three were immediately replaced, with one of the replacements bringing to three the number of female chief executives of commercial banks. The sacked Those affected were Francis Atuche, Charles Ojo, and Ike Oraekwotu, who were relieved of their positions as managing directors/ chief executives of Bank PHB, Springbank and Equatorial Trust Bank. They are to be replaced by Cyril Chukwumah for Bank PHB Plc; Sola Ayodele for Spring Bank Plc. and G.O. Folayan for Equitorial Trust Bank Plc. Wema Bank was also found to be in a grave situation, however the CBN noted that the bank came under a new ownership and management in June 2009, which “took over a bank already in a grave situation and should not be held responsible for the present condition of the bank.” The nine banks that survived the CBN litmus test, according to its corporate affairs head, Mohammed Abdullahi, include Access Bank Plc, Citibank Nigeria Limited, Ecobank Nigeria Plc, Fidelity Bank Plc, First City Monument Bank Plc, Skye Bank Plc, Stanbic IBTC Bank Plc, Standard Chartered Bank Limited and Zenith Bank Plc. Unity Bank, which is the tenth was, according to the CBN, adjudged to have insufficient capital but not in grave situation because it has a healthy liquidity position.’’

Female bank marketers forced to go the ‘pretty woman' route

Posted by cozzy webtatafo on August 8, 2009 at 10:00am

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Dressed to Kill The rising complaints of abuse and sexual harassment in the banking industry, traceable to the emergence of Nigeria's new generation banks, has continued to cause concern about questionable labour practices allowed to thrive in the sector due to the glut in the labour market. The burden of banks' seemingly insatiable desire for deposits experts said is carried largely by female bank officials -who are subjected to various forms of threats, intimidations, queries and demotions, if they are unable to meet the monthly targets. Meeting the target According to a female bank staff, "some banks, attach the payment of the salaries of marketers to performance on their given targets. If the target is not met, a percentage of their salary may be deducted and their promotion and other bonuses delayed. I have a friend who has just lost his job because he didn't meet his target. The management called him and advised him to resign or get sacked." According to her, some female bankers are recruited with clear instructions to generate between N150 million and N300 million within 3-6 months, while those in the operations department have specified targets, like N1 million per month, two savings accounts in one week or three in a month, depending on the branch head and stability of the branch. No bank has publicly acknowledged the truth of these allegations though. According to the CBN governor, Lamido Sanusi, in his maiden meeting with the House of Representatives committee on banking and currency in Abuja, last month, "Yes this thing is here, although in my over 20 years in the banking industry, I have not experienced where a lady was asked to go and sleep with a man to get deposit. I am sure no bank will say that." Mind games According to a female marketer at a top bank, the ultimate decision lies with the marketers as individuals. "It has not been easy, but I am getting used to it. Sometimes, in the process of persuading customers to open accounts, I realise that I am already crying, and then, they are moved and just open the account with much more money than I was even asking for. Sometimes, with just two or three people opening accounts, you can cover your targets for that period. "Of course, you may not always be lucky, because things don't always turn out that way, but once in a while, we meet decent men, who understand our plight and help us," she explained.

Taking action The acting secretary general of the Association of Senior Staff of Banks, Insurance, and Financial Institutions (ASSBIFI), O.P. Orere, explained that the association has never been in support of unrealistic targeting. According to him, "This institution has never supported this. We have frowned at, condemned and castigated it through our various publications and press releases. "There is nothing we can do. At a time, some of our members complained that condoms were being distributed to them at their offices. It is a fight that has been in existence for a long time. In my 25 years of working in the bank, we didn't have targets." He puts the blame on the new generation banks. "These banks have 25 billion with the CBN which they do not have free access to, but they need money to carry out their day to day transactions. We have advised them that they can get this by introducing good products to the public and not exposing these ladies to various vices. It is against the International Labour Organisation's decent work agenda, which Nigeria is a member of." Investigations however reveal that an arm of the ASSBIFI is sponsoring a bill at the National Assembly to check these ‘outrageous' practices.

public enemy style 12 feared killed in bank robbery,60 robbers ! does Naija have a Anini /john dillinger/shina rambo training school?

Posted by cozzy webtatafo on August 7, 2009 at 8:02pm

From Iyabo Lawal (Ibadan) and Bodunrin Beckley, (Keffi) Like a blockbuster action movie from hollywood ! Assault on Banks 13 ! IT was a black day in Ogbomoso yesterday as gunmen invaded three commercial banks in the city and unleashed mayhem on officials, customers and passers-by. At the end of the operation, which took place simultaneously in the affected financial institutions, seven persons, including three of the robbers were killed, while others sustained various degrees of injuries. Also, five persons were yesterday feared killed in a ghastly accident at Gidan Waje village on Keffi-Akwanga road in Nasarawa State.

The robbers, according to sources had arrived at the Apake area of Ogbomoso where the banks are located in five vehicles, including three 18-seater passenger buses, a Toyota Camry and another KIA car, armed with sophisticated weapons. They were said to number about 60. On their arrival, the gun-wielding robbers took position in the three banks after overpowering the security men stationed within the banks' premises. While the shoot-out lasted, a cleaner and a top official of one of the banks were shot dead. Three of the robbers also died in the process. Two persons were hit by stray bullets, while the robbers were trying to escape as they shot sporadically into the air, causing pandemonium in the city.

A police patrol van, which was cited by the robbers while trying to find an escape route was also not spared as it was riddled with bullets, though it could not be ascertained whether anyone was injured in the process. The development forced other banks in the city to hurriedly close for business while traders and markets also hurriedly locked their stalls. Commissioner of Police, Baba Bolanta, led a special rescue team to Ogbomoso while mobile policemen and an Armoured Personnel Carrier (APC) were immediately deployed to the town. The Police Public Relations Officer (PPRO), Bisi Okuwobi, who expressed sadness over the incident, appealed to well meaning Nigerians to support the police in the area of equipment, saying if an APC was stationed in Ogbomoso, the robbers would not have had a field day. Those feared killed in the auto crash involving three vehicles, include the chairman of the Senior Staff Association (SSANU) at the Nasarawa State University, Keffi, Bala Angbashim, his wife and son. Another occupant of the third vehicle was badly wounded and had to be rushed to the Federal Medical Centre, Keffi by men of the Federal Road Safety Corps (FRSC). Commander of the Road Safety Unit in Keffi, Solomon Agure, told The Guardian that the mishap occurred when one of the vehicles tried to overtake and in the process hit an incoming vehicle.

UnBELIEVEABLE ! Andy Uba Acquires a N49billion ! NaIRA private Jet... Yet no bank account Uba Airways

Posted by 9jabook.com on June 24, 2009 at 4:30am

He should get an Airbus to help Aviation in naija !adv.ertisem.ent click for NollyWood videos on utube4naija AndyUba Airways !

Though Andy Uba has no bank account in his name, huhuonline.com can disclose that the former special assistant (domestic affair) to President Obasanjo just took delivery of a N49 billion private jet. To conceal the entire transaction from law enforcement and media huhuonline learnt that Andy Uba instructed that the jet be delivered to his bossom friend Sayoe Dantata. Andy Uba for eight years was the go to guy, he reigned supreme in Aso villa as the un elected defacto vice-president under President Olusegun Obasanjo, he determined who, where and when people could see the former president. His influence was monumental, thus revered. Many cabinet ministers had to submit their official memo for him to peruse prior to submitting to President Obasanjo for approval. adv.ertisem.ent click for NollyWood videos on utube4naija Andy Uba, hired as personal assistance domestic, with job description such as ensure that tuition fees of Obasanjo many children are paid as at when due, also doubled as President Obasanjo`s official pimp, as he was noted for driving his government assigned pimpmobile to the homes and offices of female minister to chauffeur them . Recall that Farida Waziri led Economic and Financial Crime Commission commenced what has been viewed largely as a clampdown on politicians believed to have close ties with ex-president Obasanjo. This huhuonline .com learnt is Andy Uba `s worst nightmare. Sources close to him told our correspondent that trepidation has become his stock in trade, alleged to be one of the richest men in Nigeria; Andy Uba has no bank account to his name in Nigeria. Andy Uba huhuonline 9jabooks media partner learnt is now Persona non grata (PNG) with President Yar`dua, our impeccable sources within the villa told that since the election tribunal bribery saga, which was widely reported in the media, President Umaru Yar`dua has refused to have an audience with the embattled governor in waiting. we gathered that the bribe money which was leaked to the media, was a major source of embarrassment for President Yar`dua, and it appears he is taking it personal, which is a complete departure from his mantra ?I don?t see what people do to me but what they do for me? . Andy Uba sources within the presidency disclosed provided the funds. But conception theorist has it that the funds actually came from Forbes list billionaire Aliko Dangote, who is not a favorite of the Yar`dua administration. Aliko Dangote a monopolist by nature, abhor competition, under President Obasanjo, his fortune ascended, notable was Dan sugar. But since the advent of the Yar`dua administration, Dangote group has lost its monopoly, particularly in cement and sugar. Thus provision of funds for bribery and subsequent leak to the media was a calculated attempt to mortify Umaru Yar`dua led government, however, his friend Andy Uba took the fall for fear of the after effect of reprisal. Recall Andy Uba does business by proxies. Andy Uba Emergence in the power game But for Atiku`s greed, Andy Uba probably would have remained just a pimp for Obasanjo. To be continued adv.ertisem.ent click for NollyWood videos on utube4naija

30Million Fraud Female bank manager commits suicide

Posted by Choochoo Sports Book on May 28, 2009 at 3:10pm

A female bank manager with a new generation bank in Onitsha (names withheld) has committed suicide following her alleged involvement in the defrauding of her bank of over N30 million.advertisementSources close to the bank told Daily Champion that the lady who was said to be in her late 40s was until her death, the operations manager of the bank in Onitsha. She allegedly removed the money from the bank’s vault about a fortnight ago.But the fraud was discovered when a team of auditors from the bank found out that what was in the paper did not tally with the amount in the vault and started to raise questions on what actually happened.The lady from Abia State was absent from the office when the fraud was discovered.When she came to work the following Friday, she was confronted with the missing money, but the lady was said to have excused herself from the other senior staff around and went up the supper floor of the office.While her colleagues were discussing, the lady had plunged from an air conditioner opening on the third floor and landed on the ground outside the bank.The source said it was the shout and cry of people outside the bank that attracted the bank staff, but by then her two legs had broken and she was unconscious.The lady was immediately rushed to New Hope Hospital, Onitsha where she died.Contacted, the Anambra State Police Public Relations Officer, (PPRO), Mr. Emeka Chukwuemeka, an Assistant Superintendent (ASP), confirmed the incident but said they are still investigating the matter.Daily Champion, however, learnt that the marketing manager and the auditor of the bank who were detained by the police after the incident, have been granted bail.Sources said that the lady must have been swindled by some con-men who promised to use the money to invest in the lifting of crude oil, but when the game was up and they were not forthcoming, she could not bear it, especially after putting many years of service to the bank.

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