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.

http://thenationonlineng.net/first-bank-admits-efcc-investigation-diezani-funds/

K

[size=15pt]Those who have looted our money massively shall not live long to enjoy it. [/size]

This Dieziani and her team really Emptied nigeria

X

^^
Those guys above me are fantastically corrupt. See them booking space.

Corruption.

Dirty money everywhere

Www.efccVSdiezani.com

Make una no carry dat una yeye gragra near my account o

Honeatly all these funds stories getting too much. Am tired. Economy is bad. Ppl hide money tru insirance policy. Thats where efcc should look at.





Visit http://www.anynote.co

This bank hit FP twice today, albeit for wrong issues .

wareva

ThisCouldBeUs:
[size=15pt]Those who have loot our money massively shall not live long to enjoy it. [/size]

how about those that looted moderately?

Its about time the banks get involved in this EFCC rampage

ThisCouldBeUs:
[size=15pt]Those who have loot our money massively shall not live long to enjoy it. [/size]

Amen raised to the power of forever and ever..

This woman is untouchable as Sanusi said, but now she should face the law not minding how sick she is.

Getting weary of these stories already

BTW, admission of an ongoing investigation is not an admission of wrongdoing.

FBN would have to contend with the negative publicity.

Interviewer - Mr president what do U have to.......
Mr PMB - My friend the state of corruftion is alarming.
Interviewer - Mr president do U really think the removal of...
Mr PMB - Yes, because corruftion need to be dealt with.
Interviewer - Sir, but....
Mr PMB - pls I dont want an apology, all i want is my cash.
Interviewer - thank you Mr PMB for your time.
Mr PMB - thank U but should in case U still want an enlightenment on corruftion U can alwys call me but any orda thing prof. Osin will attend to U.

To what extent is the banks liabilities on transfered funds? Was there any crime committed?

And so What was Jonathan doing when this woman , was ravaging the economy.And ever since, she has stuck in london.
Deziani what shall it profit a woman, to wreck a nation and shade urself in London , Keep running, No near airport o o, PMB dey wait 4 u day n night

Banking Sector and Judiciary sector are fantastically corrupt.

The noose around this woman's neck is getting tighter by the day. Just a matter of time.

She can sponsor all the propaganda articles she likes in UK tabloids but that won't save her when her time comes..

Is there no way Buhari can fight corruption without putting the economy in a panic mode?

Williambanks:
Ppl hide money tru insirance policy. Thats where efcc should look at

How is the above done? Enlighten me please

Propaganda dey do come again oooooooo

Okay

Indeed, Nigeria is fantastically corrupt. Former petroleum minister and other past public officers need to clarify themselves.

Hmm...it is no longer business as usual for many banks!

Adesiji77:


How is the above done? Enlighten me please

life, property insurance? The value of insurance & premiums paid?

At least, the masses can still have something to feed on. Paying no salary is so crazy.

Smartsyn:
how about those that looted moderately?