N369 million fraud rocks FCMB, female manager in police net for diverting govt fund

L-R: Subomi Balogun and Ladi Balogun

 Daylight.ng can authoritatively report that this is definitely a trying moment for the Ladi Balogun led First City Monument Bank (FCMB) .

Authentic information reaching Daylight.ng has it that eagled eyes police operatives from the criminal investigation department of the Delta State Police Command, Asaba (State CID), have arrested a manager with the embattled bank’s Asaba branch, and five others.

They were nabbed for allegedly stealing and diverting N369million funds of the state government into a fictitious account, for their personal use.
While reacting on the shameful incident, Police Public Relations Officer in the state, Mrs. Celestina kalu, confirmed the arrest of the suspects.
She added that investigation into the alleged fraud was on going, saying that the suspects were granted bail after two days in detention.
The suspects, Mrs. Felicia Omoyenu, Luke Obasa, Maureen Joseph, Frank Obiorah and Jane Kuyi were reportedly arrested last Tuesday on a tip-off after they had allegedly diverted the funds into a fictitious account.
Reports has it that a staff of the state internal revenue board, (names withheld) who leaked the ‘deal’, is now on the run following alleged threats by some relations of the suspects.
Police sources said the suspects, upon interrogation, had made useful statements, saying they shared the money among themselves and are currently being questioned at the FCMB Head Office in Abuja.
Further investigation revealed that over N70 million was allegedly found in the Manager’s son’s account, while the five other suspects confessed to the crime, saying that they were only given part of the money.
Shamefully, the Otunba Subomi Balogun founded bank has always been swimming in fraudulent activities.  Bolaji Balogun, the son of FCMB founder, in 2001, nearly rubbished his dad’s legacies when he was fingered as the main culprit in one of the biggest scandals that shook the nation’s banking sector.
The shady deal then involving Bolaji who was then a top shot at his dad’s Capital Security Limited (CSL), was alleged to have supervised the illegal movement of $3.5 billion via what was then termed round tripping of foreign exchange. The case nearly led to his very bitter dad disowning him, until some prominent Nigerians intervened.