Bank CEO admits error of false posting of N573m into cleric’s church account

The Salami-led panel probing allegations of corruption against suspended EFCC Chairman, Mr Ibrahim Magu, was stunned on Thursday when the MD/CEO of FCMB, Adam Nuru, told the panel that there was an error over the reported posting of N573 million into the church account of Prophet Emmanuel Omale.

The bank CEO was invited by the panel, following the alleged report that the cleric laundered money for Magu and used the proceeds of the said N573million to purchase property for him in Dubai.

Narrating what transpired, Nuru said, “On January 16, 2016, we made a return to NFIU which indicated that there was a transaction of an inflow of well over N573million. (N573,228,40).

“This return was said to be in favour of Divine Hand of God Prophetic Ministries Account No 1486743019.
“After that report, we conducted an investigation and discovered that the lodgement which we reported to NFIU was an error.

“The error was as a result of the fact that we were using a bank application called Pinnacle-7. However, we migrated from that application to a newer version called Pinnacle-10.

“Usually, when the bank intends to migrate from one application to another, we utilize weekends to carry out the exercise.

The migration involves moving all the balances of customers from the previous application to the new application. The account of the Divine Hand Ministries was moved during that migration.

“In that branch, we have 983 accounts (Banex). The credit balance in all the 983 accounts domiciled came to the aforesaid amount.

It was that balance of N573million that was wrongly posted as an inflow into Divine Hand Ministries as reported to NFIU.

“ This error was not peculiar to Divine Hand of God Prophetic Ministries alone but was also ascribed to 27 other accounts.”

When asked why it took the bank about 4 years to discover the error, the CEO responded that the bank just realized the blunder upon invitation by the panel.”

Cc: Lalasticlala, mynd44

It was that balance of N573million that was wrongly posted as an inflow into Divine Hand Ministries as reported to NFIU.

misplaced priority

"When asked why it took the bank about 4 years to discover the error, the CEO responded that the bank just realized the blunder upon invitation by the panel.”
A new sheriff maradona is in town. I laugh in togolese.

Very possible. Migration of accounts is a delicate thing

Stop spoiling the name of anointed man of God. For God not to judge you

The truth will prevail but remember touch not my anointed and do my prophet no harm.

If the error wasnt noticed what would have happened to the money?

What are you evil people benefiting from trying to tarnish the anointed prophet of God image. May the lord have mercy on you all.

Lord vindicate your servant IJN