Aquitane Oil & Gas: Firm Drags Zenith Bank Over Alleged ₦1.4bn Fraud - 9jaflaver





Light Dark

WELCOME TO 9JAFLAVER

NEWS  |  SOCCER LIVE-SCORE   |  MOVIES   |  +18 ADULT LEAKS   |   INSTALL 9JAFLAVER MUSIC APP   |  HOTTEST 100 SONGS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  JOKES  |  COMEDY VIDEOS  |  NIGERIAN MUSIC ARTISTES  |  







Aquitane Oil & Gas: Firm Drags Zenith Bank Over Alleged ₦1.4bn Fraud

    Posted by on November 6, 2024,




Aquitane Oil & Gas: Firm Drags Zenith Bank Over Alleged ₦1.4bn Fraud



Aquitane Oil & Gas Ltd., a major downstream oil industry player in Nigeria, has made explosive allegations against Zenith Bank Plc, accusing the bank of forgery, unauthorized asset sale, and diverting ₦1.4 billion in dividends. This scandal has sent shockwaves through Nigeria’s financial sector.

According to Aquitane, Zenith Bank, in collusion with Veritas Registrars and Quantum Zenith Securities, orchestrated a scheme involving the illegal sale of pledged shares, manipulated bank statements, and deliberately withheld dividends for over 10 years.

The allegations suggest a deeply ingrained and long-standing conspiracy, which, if proven, could have far-reaching consequences for Zenith Bank and its affiliates.

In a statement released to the press, Aquitane said the controversy revolves around FinBank shares that were initially pledged to Zenith Bank as collateral for a loan. The oil company claims that these shares, worth more than ₦1.8 billion, were sold without consent and ahead of schedule despite regular loan repayments.

Quantum Zenith Securities, a subsidiary of the bank, is accused of facilitating the sale, while Veritas Registrars allegedly withheld dividends owed to Aquitane and other shareholders.

The allegations of misconduct took a serious turn with claims of forgery. Aquitane reports that during a police investigation, Zenith Bank provided allegedly falsified account statements in response to official inquiries. A forensic audit conducted by Aquitane further uncovered inconsistencies in the bank statements, suggesting data manipulation designed to obscure unauthorized transactions and asset sales.

Aquitane’s Managing Director has highlighted the potential damage to public trust that such actions, if true, could inflict on Nigeria’s financial system. This case raises questions about regulatory oversight within the banking sector and may lead to broader scrutiny of the country’s major financial institutions.

As police delve deeper into Aquitane’s petition, which has already sparked public interest, calls for transparency and accountability are expected to intensify.

The case underscores a pressing need for robust financial checks, as Nigeria’s banking sector faces calls to prove that no institution is above the law.








Promote Article, Music, Video, Comedy Skit & Virals
Call: +2348143945195 Or +2349027283345

Whatsapp: +2348143945195



















Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-



ATTENTION!! CAN'T FIND THE SONG YOU ARE LOOKING FOR? INSTALL 9JAFLAVER GO APP NOW TO GET ALL MUSIC, STREAM AND DOWNLOAD LEGALLY, AND LET YOUR FAVOURITE ARTISTS GET PAID ROYALTIES (CLICK HERE)




Promoted Songs
Great Mumbela


Song Artwork

Now Playing: Love Bug

Aretti Adi






DMCA.com Protection Status

© 2014-2024 9jaflaver. All Rights Reserved.


About us | DMCA | Privacy Policy | Contact us

| Advertise| Request For Music | Terms Of Service


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