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BIG STORY

1.7 Billion Naira Electronic Transfer Fraud Trails Globus Bank

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Globus Bank Limited has filed an application before a Lagos high court, asking the court to order the reversal of the funds from the accounts of the fraudulent beneficiaries, who are based in eight commercial banks, in an effort to recover a total of N1,755,376,156.34 fraudulently transferred electronically from its vault.

According to an affidavit sworn to by the legal officer of Globus bank Limited, Kosisochukwu Ngene and filed before the court by a Legal practitioner, Barrister V.K.Banjo, the deponent made oath and stated as follows:

  • That Globus bank is a commercial bank with the registered office at No 6 Adeyemo Alakija street, Victoria Island, Lagos and licensed under the laws of Nigeria to carry out banking business in Nigeria.
  • That between Monday 6th and Saturday 11th of June 2022, there was a system glitch in the Globus bank’s Unstructured Supplementary Service Data (USSD) application, which led to the processing of several fraudulent and unauthorized electronic transfer in the sum of N1,755,376,156.34 (One Billion, Seven Hundred and Fifty-Five Million, Three Hundred and Seventy-Six Thousand, One Hundred Fifty-Six Naira thirty four kobo.

It was gathered that seven hundred and nine (709) Globus bank customers’ who were Involved in the fraudulent transfer to the various accounts domiciled with the 8 commercial banks are contained in the Excel sheet filed before the court.

Immediately the Globus bank discovered the glitch, the bank instantaneously notified all the banks involved and requested that the beneficiary accounts be restricted in line with Central bank of Nigeria regulation to avoid dissipation of the funds fraudulently transferred into the accounts domiciled with the banks.

Subsequently, Globus bank immediately approached the Magistrate Court, in the Yaba Magisterial District and obtained an order directing the banks to freeze and reverse the amount fraudulently transferred into various accounts domiciled in the banks.

“That in response to the order served on the respondents some of the respondents were able to salvage certain sum wherein the total sum of N817,998,969.85 were returned to the bank while the total sum of N962,019,843.35 is still outstanding and yet to be returned to the bank by the respondents banks.

“The Excel sheet which contains the names of the respondents the total amount fraudulently transfered from Globus bank,the total amount salvaged and returned to the Globus and the total amount outstanding is analyze is filed before the court.

“That the parties in this suit are also financial institutions; therefore the order of this honourable court is also required, to enable the Respondents reverse the salvaged fund back to the Applicant.
Although, the Applicant obtained an order of restriction on the accounts domiciled with the Respondent banks from the Magistrate court, as exhibited before the court, Globus bank Limited still requires the order of the high court to enable the Respondents reverse and remit the salvaged funds to the bank”, the suit reads.

Meanwhile, some of the Respondent banks were ready and willing to reverse and remit the salvaged sum to the Globus bank when the order of the court was served on them, and had further requested an order of the high court, to enable them reverse and remit the salvaged funds.

The court noted that “the requirement for formal proceedings has resulted in the apparent delay between the date of the transaction and the filing of the instant application.

“Therefore it would be unjust and inequitable for the Respondents to refuse to reverse and recall the transfer of the sum fraudulently transferred in the unauthorized transaction, as that would amount to unjust enrichment on the part of the Respondent banks’ customers.

“The Respondents are not contesting the facts stated in this case but require Court order of the high court to compel the Respondents to reverse the amounts to the Applicant. It will be in the interest of justice for the reliefs sought in the Originating Summons to be granted as prayed, as the Respondent would not be prejudiced.

“That the Rules of this Honourable court empower this Court to hear an urgent matter such as this”.

It was gathered that Globus bank Limited is willing to give an undertaking as to damages if the order ought not to have been made. Consequently, Globus bank Limited is seeking the following reliefs from the court.

  • An Order of the Court directing all the eight banks to immediately reverse and remit to, Globus bank Limited the total sum of N962,019,843.35 (Nine hundred and sixty two million, nineteen thousand , eight hundred and forty three naira, thirty five kobo), being the outstanding sum yet to be salvaged from the fraudulent transfer into several accounts domiciled with the eight Respondents from the Globus bank 709 customers’ accounts, less depleted sum.
  • An order directing the eight commercial banks to release all account information in respect of the destination accounts and the beneficiaries of the transfer funds and for such further order(s) as the court may deem fit to make in the circumstances of this case.

BIG STORY

Ex-Commissioner Jude Dakur Announces Plateau Governorship Bid Under APC, Gets Party Stakeholders’ Backing [PHOTOS]

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The political atmosphere in Plateau State gained fresh momentum on Friday as Hon. Jude Eli Dakur formally declared his intention to contest for the governorship of Plateau State in 2027 under the platform of the All Progressives Congress (APC).

Dakur made the declaration before the leadership of the APC in Kerang Ward, his immediate ward, as well as the Mangu Local Government Executive Committee and members of the State Executive Council. His announcement was met with overwhelming support from stakeholders, party leaders, and enthusiastic supporters who commended his courage and readiness to serve.

A former Commissioner of Education and Commissioner for Mineral Development in the state, Dakur is regarded as an experienced administrator with the skills to drive growth and development.

Speaking at the event, Dakur reaffirmed his passion for the progress of Plateau State and pledged to bring vision, integrity, and competence into governance if elected governor.

Grassroots mobilisers and various organisations present pledged their commitment to the “Faith Project” movement, promising to spread the message of transformation and unity across communities in the state.

The declaration has set the stage for what supporters describe as a new wave of political momentum for the APC in Plateau State as preparations for the 2027 elections gather pace.

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BIG STORY

BREAKING: Ibrahim Shatta Loses Son Few Days After Peju Ogunmola Lost Only Son

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Popular Yoruba actor and filmmaker, Ibrahim Chatta, has announced the death of his son.

The actor broke the news on his Instagram page on Saturday, expressing grief and submitting to the will of God.

“Inna liLlahi wa inna ileyhi rajiun. Ya Allah, You are the Knower of all things. Rest on Dear Son, Champ,” he wrote.

Chatta’s loss comes only days after fellow actress Peju Ogunmola also lost her only son with veteran actor Sunday Omobolanle, popularly known as Papi Luwe.

The twin tragedies have thrown Nollywood into mourning, with condolences pouring in from colleagues and fans of both families.

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BIG STORY

Ignore Sujimoto’s Crocodile Tears, He Scammed Us N5.7bn And We’re Recovering Every Penny — Enugu Government

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  • all projects never left foundation stage

 

The Enugu State government has accused the CEO of Sujimoto Luxury Construction Limited, Olasijibomi Ogundele, of defrauding the state of nearly N6bn, noting that Ogundele vanished into thin air after he was paid the said sum for the construction of 22 Smart Green Schools in different parts of the state.

The government also accused Ogundele of premeditated fraud, explaining that while he presented a bond issued by Jaiz Bank to secure the contract, he used the company’s Zenith Bank account registered with the state’s Ministry of Works and Infrastructure to receive the said payment, making it impossible for the state to hold Jaiz Bank liable.

The statement said, “For the avoidance of doubt, on July 2, 2024, the Enugu State Government awarded a contract in the sum of N11,457,930,950.52 to Sujimoto Luxury Construction Ltd for the construction of 22 Smart Schools (buildings only) in six months starting from the date of the acceptance of the award.

“The Enugu State Government paid the sum of N5,762,565,475.25, representing 50 per cent of the contract sum, in order to fast-track the projects at all the sites.

“Rather than play to the rules of the contract to deliver quality projects for furnishing and equipping ahead of September 2025 school resumption, in line with the priority placed on the Smart Green Schools initiative by the government, Mr. Ogundele resorted to shoddy jobs and the use of inexperienced workers and quack engineers. None of his sites met the structural integrity of the projects as specified in the structural drawing.

“Worse still, he vanished into thin air with the money. All efforts made by the government to get him to a roundtable to discuss the quality and progress of work proved abortive. He equally refused to attend the periodic projects briefing organised by the state government for all contractors or take numerous calls and messages put across to him. In fact, he practically abandoned the sites, leaving the Enugu State Government with no other choice than to petition the Economic and Financial Crimes Commission (EFCC) to recover the funds paid to him.

“A joint team of officers of the Enugu State Ministry of Works and Infrastructure and the EFCC visited the 22 sites to evaluate the progress of work on May 8 and 9, 2025, where it was clearly established that there had been minimal to no significant work done at the said sites one year after the contract award. In some cases, he fraudulently did not do excavation for all the blocks in site.

“It is also on record that he has not shown up at the sites or made himself available to either the state government or the law enforcement agencies even after those site visits.

“It is also pertinent to state that it was discovered in the course of investigation that whereas he presented a bond from Jaiz Bank, he used Sujimoto Luxury Construction Limited’s Zenith Bank account number 1312731196 to receive the said payment and draw down the fund without deploying it to the projects. This clearly shows a premeditated intent to defraud the state ab initio.

“The government has since retaken and handed over the sites to new firms, who has no choice than to start the construction afresh. Tremendous progress has been made to keep the determination of the Mbah Administration to migrate Enugu children to Smart Green Schools by September on track.

“Nigerians should therefore disregard his theatrics and crocodile tears, as Enugu State Government is determined to and will surely recover every penny of Ndi Enugu fraudulently obtained by Mr. Olasijibomi Ogundele (Sujimoto).”

The Enugu State Government’s statement was accompanied with pictures of the project sites as abandoned by Sujimoto, which were taken by the joint team of officials of the state and operatives of the EFCC during the May 8 and 9 site visits. The pictures clearly showed that the project sites were mostly at the levels of foundation and DPC, with a few at the stage of block work.

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