Connect with us

BUSINESS

Again, Sterling Bank staffer steals customer’s N2.4million

Published

on

One of Nigeria’s financial institutions, STERLING BANK PLC, is in the news again for the wrong reasons.

This time, a customer of the Abubakar Suleiman-led Sterling Bank has again lost over N2.4 million to a fraudulent official of the bank.

The staff, one Ebenezer Alonge, a cashier with Sterling Bank’s Ado-Ekiti branch, alongside his wife, Isakunle Oyinlola and his mother-in-law, Isakunle Moradeke, have been arraigned by the Economic and Financial Crimes Commission (EFCC), for allegedly diverting N2.4m deposited by a customer.

One of the Count Charge preferred against reads: That you Ebenezer Adeolu Alonge ‘M’ , Isakunle Olamide Oyinlola ‘F’ and Isakunle Eunice Moradeke ‘F’ between the month of January 2017 and March 2017, at the premises of Sterling Bank PLC Ado-Ekiti branch, did steal the sum of N2,400,800.00 (Two Million, Four Hundred Thousand and Eight Hundred Naira) only property of Sterling Bank, by diverting same to the personal account of Isakunle Olamide Oyinlola with account number, 0047750660 and the personal account of Isakunle Eunice Moradeke with account number 0064222881, all with the Sterling Bank, Ado-Ekiti branch, being money for Ekiti State Primary and Secondary Education Development levy, and thereby committed an offence”.

The defendants, however, pleaded ‘not guilty’ to the charges preferred against them

According to a statement by the EFCC acting spokesman, Tony Orilade in Abuja, it was alleged that sometime in February, Sterling Bank received a complaint bordering on financial impropriety involving N62,400 belonging to a customer.

“The incident was investigated and another sum of N2,400,800 belonging to a customer was found to have been diverted by Alonge to his wife’s account.

“Further investigation revealed that there was a turnover of over N21m deposit from other customers in Alonge’s wife’s account.

“Other sums were reportedly traced to his mother-in-law’s account,” said EFCC.

Justice Ogunmoye, however, granted the defendants bail in the sum of N2m and two sureties in like sum, one of whom must be a government official not below grade level 12, while the other surety must be resident within court’s jurisdiction.

The case was subsequently adjourned to February 5, 2019 for hearing.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

BUSINESS

Dangote feeds 30,000 IDPs in Zamfara

Published

on

L-R, Emir of Maradun, Maradun LGA of Zsmfara State, HRH Alh. Garba Mohammed Tambari, Group Executive director, Government and Strategic Relations, Dangote industries limited, Engr. Mansur Ahmed, who represent the Chairman Aliko Dangote foundation, Councilor Maradun South, Hon.Sirajo Madugu, One of the beneficiary, Programmes Operations manager, Aliko Dangote foundation, Musa Bala, Project director, Dangote Rice, Robert Coleman. At the Presentation of Food Materials by Aliko Dangote foundation to Internally Displaced persons (IDPs) in Maradun- Maradun Local government area of Zamfara State on Monday 21st January 2019.

In yet another massive intervention, the Aliko Dangote Foundation Monday officially launched a major philanthropic programme in Zamfara State, doling out food items running into several millions of naira to support victims of insurgency.

The farmers-herders clash and sporadic attacks by cattle rustlers have displaced thousands, many of whom are currently seeking refuge at Maradun Local Government Area of the State.

According to official reports over 3,000 people have been killed, about 100,000 displaced, of which about 30,000 are in Maradun LG, and over 500 people kidnapped.

Group Executive Director Government Relations and Strategic Relations Mansur Ahmed who presented the food items on behalf of the Group President Aliko Dangote said the Foundation was supporting the government and traditional leaders in meeting the needs of the IDPs.

Only recently Mr. Dangote was rated world’s 6th largest donors, and Africa’s richest person for almost a decade. His Aliko Dangote Foundation has been endowed with a staggering $1.25billion. He was also listed by Forbes Magazine among the 75 people that make the world turn.

Dangote Foundation had also injected over N7billion to create succor in North East in the wake of the Boko Haram insurgency.

Mr. Ahmed, an Engineer, said Mr. Dangote was very disturbed about the plight of the displaced persons and quickly directed that everything possible be done to provide succor.

Mr. Ahmed said the company was building a 200000-ton capacity of rice mill in Maradun and that when completed this year it would create hundreds of job opportunities for the people of Zamfara State.

Responding, the Emir of Maradun Muhammad Garba Tambari said he was highly elated as the company is the first to intervene by providing food support for displaced persons.

He commended Mr Dangote for the gesture and promise to help secure his investment in his Emirate.

Chairman of the Maradun Local Government Alhaji Yahayah Shehu Maradun thanked the Dangote Foundation for the gesture and pray God to continue to bless the Dangote business.

Our reporter sighted trucks of food items being offloaded at the silos and at the official presentation of the relief material at the Palace of the Emir of Maradun.

Some of the items delivered include: Trucks of Semolina, sphagetti, sugar, wheatmeal and Macroni.

Victims at the IDP camp who recounted their ordeal described the crisis as the worst in the country in the past five years.

They regretted that state have been neglected by government and mainstream media.

Mrs Inno Usman, 50, from Mallamai District lost a husband to the crisis and has eight children at the IDP camp. She said five men including her husband were killed by the marauders.

Mrs Usman described the intervention of Dangote as timely, while urging other donors to emulate the the Aliko Dangote Foundation.

Another victim, Mrs Kenan Usman said her husband was also killed in a gruesome manner and that she escaped with her five children by the whiskers.

She said before the coming of Dangote Foundation they have been accommodated at the IDP camp in Maradun since November 2018, regretting that there is no date foe their return as the insurgents still hold sway in their various villages.

For Inno Aliyu Sani, 60,  21 people were killed including four women, and  cows running into hundreds were stolen by the rustlers.

“We can’t go back. The killers are still there,” she said.

Abubakar Garba from Rudun village said for the past five years marauders had sacked everyone in the village but that government was doing anything address the situation until now.

Continue Reading

BUSINESS

FG will soon start sourcing Forex from Dangote Group – Emefiele

Published

on

The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream.

This potential reversal of roles was disclosed by the Central Bank Governor, Mr. Godwin Emefiele, after he spent over four hours touring the ongoing Dangote Refinery, Petrochemicals, Fertilizer projects and Dangote deep-water jetty at the weekend.

Emefiele toured the project sites in the company of the President/CE of the Dangote Group, Aliko Dangote; Deputy Governor of the CBN, Aishah Ahmad; Group Managing Director, Dangote Industries Limited, Mr. Olakunle Alake; Group Executive Director of Dangote Industries, Mr. Devakumar Edwin; and the Managing Director of Guaranty Trust Bank, Mr. Segun Agbaje.

The CBN governor premised his comment on the huge forex earnings that are expected to accrue from the export of the petrochemical and fertilizer products from the Dangote refinery and fertilizer plants by the time the fertilizer plant begins operations in May this year, and the refinery takes off as planned in 2020.

Mr. Emefiele, who commended Aliko Dangote for the volume of work done on the Dangote projects since his last visit over two years ago, also enthused that the refinery and fertilizer projects would help Nigeria to create thousands of Jobs and check importation of fuel by the federal government; thereby saving government huge amounts of forex currently being spent on fuel import.

He added that about 55 to 60 per cent of Nigeria’s spending on foreign exchange for the importation of petroleum products and food items would be saved when the Dangote Refinery come on stream. Emefiele said one third of Nigeria’s spending on forex will also be retained when the Dangote Refinery is completed.

Emefiele described the Dangote Refinery as transformational project for Nigeria, which totally keys into the objectives of President Muhammadu Buhari on self-sufficiency in petroleum products, conservation of forex and diversification of the economy. “I am sure by that time, the CBN will be begging Dangote to sell its dollars to the bank,” he said.

He noted that the completion of the refinery would make Nigeria self-sufficient in the production of refined products and also make the country to be among the league of exporters of petroleum products.

Emefiele declared the CBN’s support to any company or individuals who are ready to invest in the transformation of the Nigeria economy. “We are ready to support in Naira and also ready to provide foreign exchange for any investor who is ready to support Nigeria’s transformational agenda.

“I use this opportunity to repeat that we are ready to support any individual like Aliko Dangote who is willing to invest in this country. We will continue to support companies that display the determination to support the CBN. I feel so delighted and I am happy this is happening in my own life-time and I am sure you are all so happy.”

Speaking also, President, Dangote Group, Aliko Dangote, said the project would definitely transform the Nigerian economy. “We have a couple of projects at hand and we will continue with these transformative projects. The biggest problem we have in Nigeria is that we currently import more than we produce like any other African countries. But, by the time we finish our fertilizer plant, Nigeria will be the largest exporter of fertilizer in Africa. We will also be the largest exporter of petrochemicals and the largest exporter of petroleum products in the whole of Africa. This is a major transformation.”

He said the 3billion Standard Cubic Feet gas pipeline and other Dangote Projects are geared towards Nigeria’s economic transformation.

Dangote commended CBN for its moral support to the refinery project. “There are lots going on in Nigeria. We want the CBN to support us like what it did in cement sector, which made Nigeria not only self-sufficient in the production of cement, but it became an exporter of the product. Today, Nigeria will not even import cement because we no longer have capacity for importation of cement,” he added.

In a presentation made to the CBN governor, Group Executive Director at Dangote Industries Limited, Devakumar Edwin, disclosed that the company’s target is for a significant portion of Nigeria’s crude oil production to be refined domestically, rather than imported, thereby creating jobs within Nigeria, and bringing a halt to the current importation of refined petroleum product.

Edwin said the refinery is going to provide over 100,000 indirect employment through retail outlets. He said the refinery is designed to meet Euro V grade, which is the highest standard in the world, hence products can be exported to any part of the world.

“It will be well diversified and able to process Nigerian crude, African crude and crude from other parts of the world. In terms of evacuation routes, two crude oil single point mooring (SPM) buoys and three multi-product SPMs will be located within the Atlantic Ocean to transfer crude oil to a calling tanker.

“The 2-Line Dangote Fertilizer Complex, consisting of Ammonia and Urea plants, is conceived to be one of the world’s largest fertilizer plants with a total capacity of 3 Million Tonnes per Annum of Urea fertilizer. Therefore, the Dangote Fertilizer is positioned to bridge the gap between local demand and national capacity. Dangote Fertilizer Plants will produce Urea that will assist farmers boost their crop yields through easy access to fertilizer,” he added.

Continue Reading

BUSINESS

Transcorp Hotels Plc appoints Owen Omogiafo as MD/CEO

Published

on

Transcorp Hotels 1: l-r: Executive Director, Transcorp Plc, Chris Ezeafulukwe; President/CEO of Transcorp Plc, Valentine Ozigbo; Managing Director/CEO, Transcorp Hotels Plc, Owen Omogiafo; and Chairman, Transcorp Hotels Plc, Emmanuel Nnorom during the farewell dinner held for immediate MD/CEO of Transcorp Hotels Plc, Valentine Ozigbo and welcome party for Owen Omogiafo,the new MD/CEO in Abuja on Saturday

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owners of the award-winning Transcorp Hilton Abuja and the iconic Transcorp Hotels Calabar hosted a farewell/welcome dinner in honour of its immediate past Managing Director/CEO, Valentine Ozigbo who has been elevated to the role of the President/CEO of Transcorp Plc and Owen Omogiafo the current MD/CEO of Transcorp Hotels Plc.

The Black-tie event held at the Congress Hall of the prestigious Transcorp Hilton Abuja was indeed a night of farewells and welcomes as the outgoing and incoming General Managers of Transcorp Hilton Abuja, Etienne Gailliez and Kevin Brett were also celebrated. The glamorous event featured different presentations from Classical music, award presentations, and vote of confidence speeches from notable personalities who were present to honour these icons including Professor Charles Soludo, former Governor and Chairman of the board of directors of the Central Bank of Nigeria, Jan Van Der Putten, Vice President Operations, Africa and Indian Ocean, Hilton Worldwide, Professor Osita and Dr. Ogugua Ogbu, Alhaji Dikwa, Chief Collins Chikeluba, Former Director, Central Bank of Nigeria,  Mr. Anslem Tabansi, Sabi Bar-Noy, Chairman of Nairda, Iheanyi Nzekwe, Chairman, Teknokleen Group, dignitaries from the Diplomatic Communities and several CEOs and Captains of the industry.

Valentine Ozigbo in his appreciation speech alluded his excellence and success as the MD/CEO of Transcorp hotels Plc to his background and great mentors whom he served under their tutelage, according the highest accolades to the Chairman of Transcorp Plc, Tony O. Elumelu for years of mentorship. Speaking about his successor, Owen Omogiafo, Valentine said: “I couldn’t have found a better person to succeed me and I am confident that she will do better, I have seen her strong execution skills and I can attest that she will do even better than me.”

The Chairman of Transcorp Hotels Plc, Emmanuel Nnorom in his remarks appreciated Valentine for maintaining and deploying high-level of corporate governance and for driving positive transformation in Transcorp Hilton Abuja and Transcorp Hotels Calabar. He further charged him on the new responsibilities at Transcorp Plc and admonished him to carry on the good works. Speaking about Owen, he stressed her affinity with the vision and mandate of the Transcorp Plc group and expressed his confidence in her ability to take the company to enviable heights.

Owen Omogiafo in her remarks appreciated the immediate past MD/CEO, Valentine Ozigbo and the Hilton management team for leaving behind a solid foundation for her to build on.  “I am well aware that I am stepping into big shoes, but they are solid shoes and they have a strong foundation, I am also aware of the company’s responsibilities to all its key stakeholders and I’ll be working with the team members to execute them excellently.”

The event ended on a high-note as all present were serenaded with high-life tunes from one of Nigeria’s best musicians, Flavour.

Continue Reading
Advertisement

Facebook

Advertisement
Advertisement

Trending