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Police indict Sterling Bank for alleged money laundering, fraudulent deductions, others

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LThe Nigeria police on Wednesday indicted Money Deposit Bank, Sterling Bank over alleged money laundering, fraudulent deductions and other financial crimes by its staff.

This was contained in a report presented to the House of Representative Committee on Public Petition during the hearing of a petition by Maiden Systems Ltd against Sterling Bank, Central Bank of Nigeria (CBN) and Shell Petroleum in Abuja.

Miden system Ltd had petitioned the Committee on alleged mismanagement, fraudulent debit, and misappropriation of funds from its account domiciled with Sterling bank.

Presenting the report before the committee, the representative of the Inspector General of Police, Kabiru Yahaya and Sunny Amison, both Chief Inspectors of Police said after intensive investigation and arrest made on the matter, the bank was found wanting found wanting.

According to him, after arrest was made and an extensive investigation carried out, noting that the bank could not provide evidence to counter the allegations made against it by Miden System Ltd.

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He said “We were saddled with the responsibility to investigate mismanagement, fraudulent debit, and misappropriation of funds from the account of Maiden Systems Limited by Sterling Bank.

“In the course of our investigation, findings emerged about the issue of non-issuance of statement of account, fraudulent debit, and misappropriation of funds. More importantly, Maiden Systems Limited raised the issue of accounts. There are four accounts operated by Sterling Bank Plc for Maiden Systems Limited. Two are U.S. dollar accounts, while two are Nigeria NGN accounts.

“Major remittance is coming to the account of Maiden Systems Limited, to be signed with Sterling Bank, and Shell Petroleum Development Company Limited. Now, we have cutting records from Shell over the period 2017 up to 2020. Shell failed, this is our finding, Shell failed to supply the financial reports for 2021, 2022, 2023, and 2024.

“Now, having regard to the complaint of Miden Systems that it was denied the statement of account, we interfaced with an account officer, who gave us in writing that the company is being furnished with the statement of account. And I asked how, he said electronically, or by short message service, But there is no proof. There’s no proof to debunk that aspect of the allegation.

“Secondly, we discovered from the statement of account generated by the bank, not provided by the petitioner, or its counsel, or any third party. These are accounts and statements of account generated by the bank. Ordinarily, before an investigator, we did not just call for a statement of account to just look at it and dump it.

“We looked at it holistically and saw the grey areas where there were discrepancies or where there are questions to be raised.”

According to CSP Amison, we discovered a Debt Service Repayment Account (DSRA) where money is being used to service the loan.

The loan offer as of 2012 was $30 million. We need to understand it was restructured in 2017, with capital and interest to arrive at US$30 million.

“Having regard to the account, we, a team of detectives, started seeing debits, debits from Miden System account for loan repayment. And we took it upon ourselves to ask the account officer that first came before us to explain the loan repayment but he said it was a mere narration adopted while applying funds to the company’s loan account. We found this very vague and ambiguous.

“We discovered that about US$28.3 million was debited from this company’s account for loan repayment but there’s no explanation.

“Particularly, on the 29th, September 2016, the sum of US$2,413,000 was debited from the company’s account. Account number 00148517716 for loan repayment with reference FT16271UZYO. On 14th, November 2016, the sum of US$1.256 million was equally debited from this same account for loan repayment.

“While on the 16th of January 2017, the sum of US$28,302,140.59 was debited from the company’s account for loan repayment. And like I said, we’ve waited for the bank to provide account officers who have managed this account to throw more light on this. It is not our document.

“It is their own document. The facts are before them. If somebody has managed that account before and is no longer an account officer, they could call them, provide names since they are no longer in the bank.

“One of the account officers specifically wrote that the outstanding balance was about US$27.25 million, while the executive director gave us a figure of over US$30 million. That is to say, nothing has been paid, nothing has been debited to clear the loan.

“We equally discovered what the bank captured in the statement of account, in-branch transfer, account to account. And we asked, what does the bank or the account officers mean by in-branch transfer, account to account?

“We have come up with the recommendation that, since the bank has failed to provide evidence for itself to debunk the allegation raised by Median Systems , evidence as used so far from their own statement of account corroborates the offences alleged. Financial mismanagement, Fraudulent debit, misappropriation of funds and more importantly, when funds are being moved that way, if you go deeper, money laundering. We could not even go deeply towards the petitioner raising their petition.

Responding, the Chairman of the Committee, Mike Etaba assured both parties that the report will be studied by the Committee and justice served.

“At the committee level, we will look at the Police report and I assure us that justice will prevail,” Etaba assured.

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Four family members, dog die after eating Amala meal in Kogi

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Four members of the same family have reportedly died after consuming amala in Ihima, Okehi Local Government Area of Kogi State.

The family’s dog was also reported to have died after consuming the same food.

Following the incident, the Kogi State Government has ordered an immediate investigation into the circumstances surrounding the deaths.

The state Commissioner for Information and Communications, Kingsley Fanwo, disclosed this in a statement on Saturday, saying the Governor of Kogi State, Ahmed Ododo, had directed the Commissioner for Health to commence a comprehensive investigation into the incident.

“The Chief Servant is deeply concerned by this tragic incident and has directed the Commissioner for Health to immediately investigate the circumstances surrounding the deaths, with particular attention to the possibility of food poisoning or food contamination.

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“The investigation must establish the facts and determine whether the food consumed by the deceased was contaminated or whether any other medical or environmental factor contributed to the deaths.

“Relevant samples and available evidence should be properly examined in accordance with established public health procedures,” Fanwo quoted the governor as directing.

Fanwo said the state government was also concerned by reports that the family’s dog died after consuming the same food, adding that the development would form part of the investigation.

He said the governor had directed the Ministry of Health to work with relevant agencies and stakeholders to ensure that the investigation was thorough and that appropriate public health measures were taken based on its findings.

“The government urges members of the public to remain calm and avoid drawing conclusions about the cause of the deaths until the investigation is concluded and the facts are established by the relevant authorities,” the commissioner said.

Fanwo said the governor commiserated with the bereaved family and the people of Ihima over the incident, praying that God would grant the family the strength and comfort to bear the loss.

He assured the people of Kogi State that the government would make further information available as soon as verified facts emerge from the investigation.

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1,844 killed in South-East in two years — Amnesty International reports

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…Demands probe into alleged rights abuse 

Amnesty International has re-launched two reports documenting alleged human rights violations in the South-East and called on governments and security agencies to end impunity, unlawful abductions, torture and killings.

The reports, “A Decade of Impunity: Attacks and Unlawful Killings in South-East Nigeria” and “Tiger Base of Atrocities: Human Rights Violations by Nigeria Police Anti-Kidnapping Unit in Owerri,” were unveiled in Umuahia on Wednesday.

Benedicta Ofili, Finance and Office Manager at Amnesty International Nigeria, said the organisation documented at least 1,844 deaths between 2021 and mid-2023 involving non-state armed groups, state-backed outfits and security operations.

Ofili also highlighted allegations of arbitrary detention, enforced disappearances, extortion and deaths in custody, particularly at the Anti-Kidnapping Unit popularly known as Tiger Base in Imo State.

She said Amnesty interviewed 23 former detainees, including 14 women, and recorded cases of torture and poor detention conditions.

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Three of those interviewed reportedly died after detention.

The organisation said insecurity has caused displacement, disruption of education, loss of livelihoods and restrictions on movement due to sit-at-home orders.

Amnesty demanded independent investigations, prosecution of perpetrators, reparations for victims, and stronger accountability by state and federal authorities.

The presentation was followed by emotional testimonies from tearful relatives of persons allegedly abducted by security operatives as they chorused, “we don’t know where they are.”

Miriam Onyema, weeping, said her husband, Kingsley Chinedu, was arrested on April 25, 2021, at Hospital Junction, Imo State, and labelled an IPOB member. She said all efforts to locate him failed.

Esther Chinedu told the gathering that her husband, Pastor Godspower Chinedu, was arrested in 2022 and has not been seen since despite repeated searches at police detention facilities.

Caroline Chukwuma said her husband, Chukwuma Nwokike, was allegedly abducted in 2021 at St. Paul Junction, Aba, and detained at CPS Aba. She said lawyers were denied access before he was allegedly transferred to Abuja.

Chinwendu Chidiebere said her husband, Chidiebere Ekwe, was arrested at his workshop in Aba on June 22, 2021, and taken to CPS Aba where the family was denied access.

Nicolas Ejekwu, an elderly man, tearfully recounted how soldiers arrested his sons, Obinna and Onyebuchi, at home. He said he was later told they were tortured and killed, with their bodies deposited at FMC Umuahia mortuary.

He added that over 50 bodies of youths allegedly killed by security agencies on suspicion of IPOB membership were found at the mortuary.

Cecilia Nmaoche said her son, Christian Ifeanyi, was allegedly abducted in 2022 and has not been seen or heard from since.

The families appealed to Amnesty and the government to help locate their loved ones and ensure those arrested are charged to court instead of being detained indefinitely.

The Attorney General of Abia, represented by Chinenye Onyemanonu, said the state has zero tolerance for abuses and forwards complaints to the Citizens’ Rights Department.

He cited a case where a family detained for six months was rescued.

Human rights activist Samuel Agwu urged rights groups to ensure victims get justice and legal representation, calling for an end to what he described as a culture of impunity in the region. (Arise News)

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Tinubu unveils APC presidential campaign council, appoints self as chairman

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P Shettima and President Tinubu
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President Bola Ahmed Tinubu has released a list of members of the All Progressives Congress (APC) Presidential Campaign Council.

The list was released in a statement by Bayo Onanuga, Special Adviser to the President (Information and Strategy), on Saturday.
He noted that members of the APC Presidential Campaign Council (has been) constituted; Abdulaziz Yari to serve as DG, Uzodimma secretary President Bola Ahmed Tinubu and Vice President Kashim Shettima will serve as chairman and vice chairman, respectively.

APC National Secretary, Ajibola Bashiru, and Hadiza Bala-Usman will serve as Deputy Secretary and Assistant Secretary respectively.
According to the statement, “The Chairman of the Campaign Council, President Tinubu, will work with a body of advisers comprising Chief Bisi Akande, Chief Segun Osoba, Senator Rochas Okorocha, Senator Abdullahi Adamu, and Senator Florence Ita Giwa.’

The statement further read: “Senate President Godswill Akpabio, Speaker Tajudeen Abbas, and Governor Mai Mala Buni of Yobe State have been assigned as Deputy Directors-General for the campaign in the South and the North. They will work with Senator Bamidele Opeyemi and Senator Jibril Barau in the two zones.

“Senator Adams Oshiomhole will serve as Deputy Director-General in charge of mobilisation, while the President’s Chief of Staff will serve as Deputy Director-General for Administration.
“James Abiodun Faleke, who played a pivotal role in the 2022/2023 campaign, has returned as Deputy Director-General for Election Planning, Coordination and Monitoring.

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“Faleke will work with zonal directors, with Senator Olushola Adeyeye in the South-West, Dr Ngozi Olejeme in the South-South, Senator Uche Ekwunife in the South-East, Muntaqha Rabe in the North-West, Ahmed Muhammed Ketso in the North-Central, and Senator Sani Danladi in the North-East.

“Ms Stella Okotete, Engineer Abdullahi Garba Ramat and Audu Maikori will serve as Secretaries of the Election Planning Directorate.

“Muiz Adeyemi Banire will lead the Legal Directorate as Director, with Dr Liman Hassan and Babatunde Ogala as deputies. Other members are Prince Lateef Fagbemi, former Governor Ibrahim Shema, Worgu Boms and Dr Kingsley Tochukwu Udeh.

“The Minister of Information and National Orientation, Mohammed Idris Malagi, will serve as the Coordinating Director for Media and Strategic Communication, along with Dele Alake, Bayo Onanuga, and Lanre Issa-Onilu.
“The Media Directorate also includes Tunde Rahman, Sunday Dare, Daniel Bwala, and Felix Morka, who have been assigned as Coordinating Deputy Directors.

“As we march into the campaign season, we have many achievements to trumpet—let us confidently showcase our record and inspire hope in every corner of our nation. Let us soundly defeat all those forces who plan to take our country backwards.”

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