First Bank, FCMB, Heritage Bank Fingered In Alleged N11.23bn Fraud Uncovered At NPA

The new management of the Nigerian Ports Authority has uncovered fraud totalling N11.23 billion at the agency, as revealed by the officials in the know.
The officials said the Managing Director, Hadiza Bala Usman, and her executive directors have since their assumption of duties on July 18 been poring through the books of the maritime agency.
So far, this newspaper learnt, a series of transactions suspected to be fraudulent and amounting to N11.23billion have been uncovered.
Of the amount, $24.1million (N7.47billion at N310 per dollar) was traced to Heritage Bank, the successor bank to the defunct Societe Generale Bank owned by the Saraki family.
Insiders said the funds were collected by the bank as revenue for NPA, but that the financial house, in collusion with some officials of the maritime agency, failed to move it into NPA’s Treasury Single Account with the Central Bank of Nigeria.

FCMB Manager Commits Suicide Over N350M Debt

First City Monument Bank (FCMB), Mr Olisa Nwokobi shot himself in Lagos,sources revealed that the 44-year- old bank manager and graduate of Abia State University, killed himself because he was under pressure from his bank over a huge loan he was allegedly owing.
Nwokobi had reportedly gone to his priest last Friday at Our Lady Star of the Sea Catholic Church, Northern Foresore Estate, Lekki, Lagos and complained bitterly on how he approved a loan for a customer who had refused to service the loan.
It was alleged that he had told the priest that he would not stand the shame and disgrace of being dragged up and down by the Economic and Financial Crime Commission (EFCC).
A source at the church said: “He told our father to help him beg his wife and his 10-year-old daughter to forgive him. As the priest was trying to advice him, he brought out a pistol and shot himself. He died instantly.