Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,156,497 members, 7,830,500 topics. Date: Friday, 17 May 2024 at 12:00 AM

How Beneficial Can Corruption Be? - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / How Beneficial Can Corruption Be? (407 Views)

Can Corruption Fight Corruption / How Can Corruption End In Nigeria See This / In What Ways Can Corruption Be Rooted Out Of Nigeria? (2) (3) (4)

(1) (Reply)

How Beneficial Can Corruption Be? by 30pence: 3:30am On Jan 01, 2017
The making of a bank Manager can never be easy without the input of corruption.

This happened to be the case of Mr SAM AGBO of today's UBA.
A sales executive converted into a managerial position first, by the then intercontinental Bank just to get account domiciliation to the bank and facilitate some shady deals for the then governor's family; the Egwu ''s.

He has gone ahead to dictate what happens in the state, even against the governor's order.

Below were some publications that highlights some of his exploits:

"Using the same bait of domiciliation of state account, Mrs Egwu compelled Intercontinental Bank plc to recruit Sam Agbo, her cousin and portfolio manager, as the branch manager of its Abakiliki branch. Mr Agbo who was then a marketing executive with the Abakaliki branch of STB was catapulted to the position of branch manager in his new job with little or no experience in core banking operation. As a reward, Intercontinental Bank plc, Abakaliki was given all the major accounts of Mrs Egwu’s affairs, including the Women Development Centre, Widow Care Foundation, Hope International School, Widow Care Paints and Hardis Nigeria Limited.
Quoting generously from the content of a recent committee report on the salaries of primary school teachers in the state, COGGES spared no punches in lampooning Egwu’s claim to instituting a sound education legacy for the state. The report revealed how the former governor connived with Austin Edeze, the state’s UBEB chairman, to exaggerate the state’s educational position so as to attract fatter intervention funds from Abuja. In all, the duo were alleged to have connived to establish 50 non-existent primary schools, with more than 2000 ghost teachers and 100,000 phantom pupils"

https://www.nairaland.com/105695/billions-former-governor-dr-sam


"Aloh who was arraigned before the High Court of Ebonyi State, is accused of conspiring with one Sam Agbo, a manager at the Intercontinental Bank plc (now Access Bank) in Ebonyi State, to divert the sum to an account allegedly opened in the name of one John Okoli, who was falsely presented as a representative of the company"


http://icirnigeria.org/former-ebonyi-health-commissioner-in-n79-million-scam/

I think corruption still thrives within the country, with or without political party affiliations.
Plz what do you make of this trend?
Re: How Beneficial Can Corruption Be? by Nobody: 6:25am On Jan 01, 2017
Temporary, Den the consequences will follow-up later

(1) (Reply)

State Govs Fuelling Niger Delta Crisis —OMPALAN / Buhari Commisioned Primary Health Care Facility In Kuchngoro Abuja. pics / BREAKING: Senate Rejects Ban On Importation Of Cars Through Land Borders

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.