Crime
Police indict Sterling Bank over money laundry, fraudulent deductions, others
The Nigeria police on Wednesday indicted Money Deposit Bank, Sterling Bank over alleged money laundering, fraudulent deductions and other financial crimes by its staff.
This was contained in a report presented to the House of Representative Committee on Public Petition during the hearing of a petition by Maiden Systems Ltd against Sterling Bank, Central Bank of Nigeria (CBN) and Shell Petroleum in Abuja.
Miden system Ltd had petitioned the Committee on alleged mismanagement, fraudulent debit, and misappropriation of funds from its account domiciled with Sterling bank.
Presenting the report before the committee, the representative of the Inspector General of Police, Kabiru Yahaya and Sunny Amison, both Chief Inspectors of Police said after intensive investigation and arrest made on the matter, the bank was found wanting found wanting.
According to him, after arrest was made and an extensive investigation carried out, noting that the bank could not provide evidence to counter the allegations made against it by Miden System Ltd.
He said “We were saddled with the responsibility to investigate mismanagement, fraudulent debit, and misappropriation of funds from the account of Maiden Systems Limited by Sterling Bank.
“In the course of our investigation, findings emerged about the issue of non-issuance of statement of account, fraudulent debit, and misappropriation of funds. More importantly, Maiden Systems Limited raised the issue of accounts. There are four accounts operated by Sterling Bank Plc for Maiden Systems Limited. Two are U.S. dollar accounts, while two are Nigeria NGN accounts.
“Major remittance is coming to the account of Maiden Systems Limited, to be signed with Sterling Bank, and Shell Petroleum Development Company Limited. Now, we have cutting records from Shell over the period 2017 up to 2020. Shell failed, this is our finding, Shell failed to supply the financial reports for 2021, 2022, 2023, and 2024.
“Now, having regard to the complaint of Miden Systems that it was denied the statement of account, we interfaced with an account officer, who gave us in writing that the company is being furnished with the statement of account. And I asked how, he said electronically, or by short message service, But there is no proof. There’s no proof to debunk that aspect of the allegation.
“Secondly, we discovered from the statement of account generated by the bank, not provided by the petitioner, or its counsel, or any third party. These are accounts and statements of account generated by the bank. Ordinarily, before an investigator, we did not just call for a statement of account to just look at it and dump it.
“We looked at it holistically and saw the grey areas where there were discrepancies or where there are questions to be raised.”
According to CSP Amison, we discovered a Debt Service Repayment Account (DSRA) where money is being used to service the loan.
The loan offer as of 2012 was $30 million. We need to understand it was restructured in 2017, with capital and interest to arrive at US$30 million.
“Having regard to the account, we, a team of detectives, started seeing debits, debits from Miden System account for loan repayment. And we took it upon ourselves to ask the account officer that first came before us to explain the loan repayment but he said it was a mere narration adopted while applying funds to the company’s loan account. We found this very vague and ambiguous.
“We discovered that about US$28.3 million was debited from this company’s account for loan repayment but there’s no explanation.
“Particularly, on the 29th, September 2016, the sum of US$2,413,000 was debited from the company’s account. Account number 00148517716 for loan repayment with reference FT16271UZYO. On 14th, November 2016, the sum of US$1.256 million was equally debited from this same account for loan repayment.
“While on the 16th of January 2017, the sum of US$28,302,140.59 was debited from the company’s account for loan repayment. And like I said, we’ve waited for the bank to provide account officers who have managed this account to throw more light on this. It is not our document.
“It is their own document. The facts are before them. If somebody has managed that account before and is no longer an account officer, they could call them, provide names since they are no longer in the bank.
“One of the account officers specifically wrote that the outstanding balance was about US$27.25 million, while the executive director gave us a figure of over US$30 million. That is to say, nothing has been paid, nothing has been debited to clear the loan.
“We equally discovered what the bank captured in the statement of account, in-branch transfer, account to account. And we asked, what does the bank or the account officers mean by in-branch transfer, account to account?
“We have come up with the recommendation that, since the bank has failed to provide evidence for itself to debunk the allegation raised by Median Systems , evidence as used so far from their own statement of account corroborates the offences alleged. Financial mismanagement, Fraudulent debit, misappropriation of funds and more importantly, when funds are being moved that way, if you go deeper, money laundering. We could not even go deeply towards the petitioner raising their petition.
Responding, the Chairman of the Committee, Mike Etaba assured both parties that the report will be studied by the Committee and justice served.
“At the committee level, we will look at the Police report and I assure us that justice will prevail,” Etaba assured.
According to a statement on Friday, the arrested officers are: “AP/No. 207454, ASP Elomore Sodayo; AP/No. 332012, Inspector Adefila Adewale; AP/No. 332449, Inspector Olorunfemi Opeyemi; and AP/No. 332369, Inspector Odusola Peter.”
Speaking at the command headquarters in Akure on Friday, the state Commissioner of Police, Felix Ohagwu, said the police had zero tolerance for indiscipline and unprofessional conduct.
He added that a comprehensive investigation had been ordered to establish the circumstances surrounding the incident and determine the level of culpability of each officer involved.
He added that officers were expected to conduct themselves with the utmost professionalism, respect human dignity and comply strictly with the Force’s Code of Conduct and Standard Operating Procedures.
“The Nigeria Police Force is a disciplined and professional institution that does not condone any form of misconduct, incivility, or actions capable of undermining public confidence, promoting ethnic division, or bringing the Force into disrepute,” the commissioner said.
He assured the public that the investigation would be conducted to determine the facts of the case, adding that any officer found culpable would face appropriate disciplinary action.
This was said to be part of renewed efforts to tackle insecurity.
Disu gave the directive on Friday during a stakeholders’ meeting at the Government House in Makurdi, the Benue State capital.
According to the IG, the order followed President Bola Tinubu’s directive that the persistent insecurity in Benue State must be brought to an end.
He stressed that only authorised security personnel were legally permitted to bear firearms, warning that the era of passive policing was over.
“You cannot move around freely carrying arms as if there is no law and order in this country. It will not be tolerated,” he said.
Disu disclosed that police officers had been empowered under Force Order 237 to respond decisively to armed threats without waiting for directives from superior officers.
“We are tired of losing our men. We are tired of police officers, soldiers, and other members of the security agencies dying anyhow.
“They have been instructed to shoot at sight. They have been trained to do what is necessary. But we will not succeed without the cooperation of all of you.”
He called on residents to support security agencies with credible information, stressing that public cooperation remains critical to the fight against armed criminality.
Benue State has witnessed repeated attacks by armed groups in recent months, resulting in the loss of lives, displacement of residents and destruction of property.
The federal government has continued to deploy additional security personnel and adopt tougher measures aimed at restoring peace in the state.
By Okey Maduforo, Awka
Fresh fears have gripped residents of Ifite Awka following an alleged plot by suspected gunmen to establish camps in the area where four Fulani herders were killed two days ago.
Security reports indicate that the attack may have been aimed at scaring away visitors to the bush in an attempt to facilitate the establishment of new camps in the area.
Residents recalled that similar tactics had allegedly been used by criminal elements to take over communities, often with the assistance of local collaborators.
The area shares boundaries with Awka North Local Government Area, where there have been reports of gunmen operating in some communities.
Following the development, youths from Ifite Awka have stormed the Ifite Agu area in a manhunt for the suspected gunmen.
The development comes as Anambra State Governor, Prof. Chukwuma Charles Soludo, has issued a fresh directive to traditional rulers and President-Generals (PGs) of communities to take charge of the security architecture in their respective areas in conjunction with local security operatives and the mayors of the 21 local government areas.
It was gathered that as early as 5 a.m., some youths in the area had moved into the bushes in search of the suspected gunmen and cattle reportedly missing following the incident.
The youths were accompanied by local hunters who assisted in the search.
Speaking with reporters, the Chief Press Secretary to the governor, Mr Christian Aburime, confirmed the fresh directive to traditional rulers and President-Generals of communities across the state.
He said, “We have a government that is people-oriented and that is the government of Prof. Charles Soludo, who is a man that loves the people, is at home with the ordinary people and feels their pains.”
Aburime described the incident as unfortunate and urged the police and other relevant security agencies to take immediate action.
He noted that traditional rulers and President-Generals are the first points of contact when it comes to the security of lives and property in their communities, adding that the governor had reiterated his charge to security stakeholders to take control of security in their respective areas.
He, however, said the possibility of sabotage could not be ruled out, but added that it would be premature to draw conclusions before the completion of investigations by the relevant security agencies.
“The issue of sabotage against security in Anambra State cannot be ruled out, and that could just be an attempt to undermine the efforts of the government. But I cannot categorically tell you that it is an act of sabotage. We have to wait for the investigations of the security agencies before drawing conclusions,” he said.
He added that the Agunechemba Security Squad was working to improve security in the state, noting that residents had commended the governor for the improved security situation.
“We have a good security architecture in place, and I can tell you that this could just be an isolated incident. Everything necessary that needs to be done will be done in that regard,” Aburime said.
He stressed that security was the responsibility of everyone, regardless of social status or position.
“It is very simple, and the governor has always said that security is everybody’s business. When it happens, it affects everyone, irrespective of class or position,” he said.
According to him, “The President-Generals and traditional rulers are the first points of security in their communities and should be able to ensure that there is no security breach in their respective localities.”
He urged residents to provide useful intelligence to security agencies, assuring them that their identities would be protected.
“If you see something, say something. These people doing these things are human beings, and they live in the localities. People should be able to know them. They should avail us of intelligence reports, and that will help us fish them out. Your identity will always be protected,” he said.
The Commissioner of Police in the Federal Capital Territory (FCT), CP Ahmed Sanusi, has urged residents, particularly youths, to resist attempts by police officers to search their mobile phones during stop-and-search operations.
Sanusi said such searches violate a directive issued by the Inspector-General of Police, stressing that officers are not permitted to randomly search the phones of members of the public.
The commissioner made the remarks during a press conference shared by News Central Television on Tuesday.
He explained that although mobile phones could be used as evidence in criminal investigations, they should only be examined after a suspect has been lawfully arrested and taken to a police station.
According to him, officers are not authorised to stop people on the road and demand access to their phones merely on suspicion that they may be involved in internet fraud or other criminal activities.
Sanusi urged residents confronted by officers demanding to search their phones to seek assistance by contacting the police emergency line or nearby police officers.
He reaffirmed the FCT Police Command’s commitment to enforcing the Inspector-General’s directive, warning that officers found violating the order would face disciplinary action.
He said the command would continue to take action against officers who abuse their authority or engage in extortion under the guise of conducting stop-and-search operations.
The Cross River State Police Command has arrested a 39-year-old man, Udeme Emmanuel Ekpeme, for allegedly impersonating a medical doctor and defrauding a woman of ₦500,000 under the guise of securing employment for her children at the University of Calabar Teaching Hospital (UCTH).
The command’s spokesperson, ASP Sunday Eitokpah, disclosed this in a statement issued to journalists on Tuesday in Calabar.
According to the statement, Ekpeme was arrested by officers attached to the Uwanse Division in Calabar South Local Government Area following a petition by a 45-year-old woman, Mrs Edemawan Samuel.
The complainant alleged that the suspect falsely presented himself as a medical doctor and collected ₦500,000 from her after promising to facilitate employment for her children at UCTH.
Police said preliminary investigations indicated that the suspect allegedly used the false representation to deceive the woman into handing over the money.
Relevant exhibits believed to be connected to the alleged offences were also recovered during the investigation, while the suspect remains in police custody.
The police spokesperson said the suspect is being investigated for alleged impersonation, obtaining money by false pretence and unlawful use of medical equipment.
The Commissioner of Police, Rashid Afegbua, has directed detectives to conduct a thorough investigation to determine the full extent of the suspect’s activities and identify any other possible victims or accomplices.
The command said the suspect would be charged to court upon completion of investigations if sufficient evidence is established.
The police assured members of the public that further updates would be provided as the investigation progresses.
The arrest comes weeks after the Edo State Police Command announced the arrest of a 46-year-old man, Osaze Okungbowa, who was accused of impersonating a medical doctor and allegedly delivering babies and trafficking newborns.
The Edo suspect was arrested following a complaint by a woman, Princess Oke, who reported that the baby she delivered under his care had gone missing, leading to a police investigation.
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