N4.7Billion Staff Quarter Project: EFCC probes GTBank for swindling university

 

The N4.7Billion Federal University of Agriculture, Abeokuta (FUNAAB), Ogun State, South-Western Nigeria, staff housing project may have run into muddy water. This is after Guaranty Trust Bank and the project promoter allegedly scammed the university of a whopping N80 million.

An official of the Economic and Financial Crimes Commission (EFCC) told our correspondent that the matter had been brought to the notice of the commission, adding that preliminary investigations had begun. Relevant officials of the bank would be invited for questioning in due course, the official said.

The project promoter, one PCG Nigeria Limited, had allegedly marketed the idea of staff housing project to the school management in 2010.

Shame: Court orders Albert Okumagba's BGL to pay First Bank N1.407bn

Okumagba

A Federal High Court in Lagos has ordered BGL Plc to pay First Bank of Nigeria Limited the sum of N1.407 billion.

Justice Mohammed Idris while delivering judgment in a suit filed by BGL against First Bank, held that on the balance of probabilities, the bank was entitled to judgment for the credit facilities it advanced to the said BGL.

BGL Plc, BGL Securities Limited and Albert Okumagba had jointly dragged the bank before the court seeking the award of N167. 097 million against the bank for alleged breach of contract in respect of a N2 billion margin loan.

Shame: How four First Bank staff stole customers N5.1m with ATM…EFCC nabs suspects

First Bank MD, Bisi Onasanya

There is palpable fear, panic and pandemonium among customers of First Bank currently due to incessant cases of fraud perpetrated mostly by staff working with the leading financial institution headed by Bisi Onasanya. 

Recently, the Economic and Financial Crimes commission (EFCC) arrested four bankers working with the bank for an alleged Automated Teller Machine (ATM) fraud.

The head media, publicity EFCC, Wilson Uwujaren in a statement obtained by SHOWBIZPLUSng said that the suspects- Mansur Danlami, Ejiro Eborikpo, Nina Stephen and Samson Nwodo were arrested by the operatives of the commission for the conspiracy to steal N5.1 m from a customer’s account.