Although, a prosecution witness, Mr. Uchenna Adobaka, at the ongoing trial of the oil marketer, Rowaye Jubril, who was at the centre of the messy and fraudulent oil subsidy deal totaling N963.7 million, at a Lagos High Court, Ikeja, recently told the court that Spring Bank was not physically present to witness transactions in the subsidy deal. But an insider, who pleaded for anonymity told SHOWBIZPLUS that the bank was in the know about the whole dirty transactions, but now desperately trying to exonerate itself in order to avoid CBN's hammer and other punishments.
The Economic and Financial Crimes Commission (EFCC) had charged Jubril alongside his company, Brila Energy Limited, for obtaining the sum of N963.7 million subsidy and for purportedly importing 13,500 metric tonnes of premium motor spirit (PMS).
At Jubril’s trial, Adobaka, a deputy manager, Energy Group of Spring Bank, told the court presided over by Justice Lateefat Okunnu, that the bank only relied on documents supplied by the marketer.
10 comments:
EFCC please where are u? Spring Bank has killed us o! look at what they are doing with our money.
this is how they go about using depositors fund for personal business. pls they should not go unpunished.
Sanusi. what are you doing about this?
What? this bank stinks!
corruption. high profile theifing. this is why the bank is always crawling.
so even the banks are not safe
i hope the people behind these are caught and they rot in jail
this is how they steal customer's money. thief with biro
this is really sad. the other time it was ECobank now spring bank.
EFCC should not take this case lightly o
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