First Bank Admits EFCC Investigation Over Diezani's Funds - 9jaflaver



WELCOME TO 9JAFLAVER

NEWS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  COMEDY VIDEOS  |  JOKES  |  TECH  |  FASHION


PROMOTE MUSIC | ADVERTISE | SUBMIT FREEBEAT


Search anything below

ads1

First Bank Admits EFCC Investigation Over Diezani’s Funds

First Bank Admits EFCC Investigation Over Diezani’s Funds

The Economic and Financial Crimes Commission (EFCC) is investigating possible lodgement and distribution of the slush political funds distributed by the former Minister of Petroleum Resources, Mrs Diezani Allison-Madueke, in First Bank of Nigeria.
FBN Holdings Plc, the parent and holding company for First Bank of Nigeria and its former subsidiaries, at the weekend confirmed that the EFCC is investigating the bank because of alleged connections to Diezani’s funds.
In a regulatory filing at the Nigerian Stock Exchange (NSE) yesterday, the company stated that EFCC has invited an executive director of First Bank, Mr. Dauda Lawal in connection with the Diezani’s funds and he has been cooperating fully with the anti-corruption agency.
EFCC had two weeks ago also visited Access Bank and Sterling Bank in what appeared to be an industry-wide investigation of the use of the banking system to launder and distribute slush political funds. EFCC had earlier arrested the managing director of Fidelity Bank in connection with the ‘Diezani’s funds’.
Both Access Bank and Sterling Bank had clarified that the visits by the EFCC were not connected to the Diezani’s slush political funds or the alleged diversion of arm funds linked to the former National Security Adviser, Col Sambo Dasuki (rtd), otherwise known as Dasukigate.
In a statement to the NSE, Sterling Bank had affirmed that it did not hold account for “the public officer from the previous administration to which this matter (EFCC’s visit to the bank) has been linked either officially or otherwise”.
Sterling Bank explained that while the reason for the visit by the EFCCwas not immediately clear, it has now been confirmed that the investigation is related to the banking relationship of a non-bank financial institution that is a client of Sterling Bank Plc.
“We affirm for the public records that the bank does not hold the account of the public officer from the previous administration to which this matter has been linked either officially or otherwise; the non-bank financial institution (Asset Management Company) in question purchased a number of loans on a recourse basis from Sterling Bank Plc on commercially acceptable terms and this is the link of the concern raised by the EFCC to Sterling Bank Plc,” Sterling Bank stated.

Source:- thenationonlineng



CLICK HERE TO COMMENT ON THIS POST
Promote Your Music, Video, Comedy Skit Here On 9jaflaver

Call Only:- +2348173379226  Or  +2348143945195


SPONSORED LINKS


TRENDING SONGS OF THE WEEK


Jealous
Fireboy DML

Reason With Me
Rudeboy

Am I A Yahoo Boy?
Naira Marley Ft Zlatan

Dumebi
Rema

Murder
King Perryy Ft Teni

Balance
Timaya

Yawa
Reekado Banks

Culture
Umu Obiligbo Ft Flavour, And Phyno

Feel Good
Ice Prince Ft Phyno, And Falz

Fuck You
Kizz Daniel

Maria
Reekado Banks

Jericho
Simi Ft Patoranking

Big Bad Boy
Odozi

I'm Sorry
Odozi

Killin Dem
Burna Boy Ft Zlatan

Uptempo
Tekno

Madu
Kizz Daniel

Money
Soft

Iyawomi
Goldgy Samuel

Murder
King Perryy Ft Teni

Confirm
Patoranking Ft Davido

Jama
DJ Mic Smith Ft Patoranking

Sensima
Skiibii Ft Reekado Banks

Vibez
Rankfiizy Ft Sugarboi

SWIPE LEFT TO VIEW MORE


DOWNLOAD ALSO


» Don Desy – Dance For Me




» Shine O – Calling On You (Prod By Melody Songz)




» WiseBrain – One One Leg (Prod By Blenny Mix)




» Baene – Sugar Baby




» AviJude – Sangolo Love




» Smilez – Pray (Prod By DJ Xtreem)




» Kay Jay – Emergency




» Ceeten – Ji Masun




» Rankfiizy Ft Eflex – Dagbana



🎵 Want Latest Nigerian Songs? Click HERE



Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-





SPONSORED LINKS





© 2014-2018 9jaflaver. All Rights Reserved.

About us||Content Remova||Privacy Policy|Contact us

Advertis|Request For Music

9jaflaver is not responsible for the content of external sites.