According to DAILY NIGERIAN, two Nigerian
brothers identified as Yusuf Mukhtar and Bashir
Mukhtar, have conspired to commit a grievous
crime.

The brother who are staffers of CBN and GTBank
respectively, have allegedly conspired to steal
over N70m by burning down a bullion van to cover
up their tracks.

DAILY NIGERIAN gathered that the duo conspired
with the driver of the van to pour petrol on the
vehicle and set it on fire on November 13 in an
isolated track on the new campus of Bayero
University, Kano.

Insiders said when they set the van on fire around
6:47pm, they removed some of the money and put
them in another vehicle before the arrival of fire
fighters and the police.

This newspaper gathered that Bashir, who
coordinates cash movement at the GTBank in
Kano, abused his position by deliberately accepting
mutilated naira notes that are marked for
destruction from his brother, Yusuf, who works at
the state apex bank office.

“After accepting the money, they will then swap
them with good notes and hide in their homes,”
said a source familiar with the investigation.

“The plot went awry when Bashir realized that
auditors will soon query the enormity of mutilated
notes, trace their sources, dates of receipt,
among others. So they organized the arson and
make it look natural.”

Witnesses in the university told DAILY NIGERIAN
that they saw the occupants of the van setting
fire on it and removing some of the money from
the burning vehicle.

A series of videos obtained by this newspaper also
show the vehicle burning, with onlookers
questioning the fire “incident”.

Sources told DAILY NIGERIAN that fire service
officers and police detectives also suspected a
foul play in the “fire accident” when they
detected the smell of petrol on some half burnt
notes inside the armored compartment.

The driver of the van, a staff of Bankers
Warehouse, was first arrested, and upon
investigation, he confessed to the crime and
named Bashir and others as his accomplice.

Bankers Warehouse, according to their website, is
a private company that “has a Service Agreement
with the Central Bank of Nigeria (CBN) to
receive, process, sort, vault and pay out cash to
Deposit Money Banks (DMB’s), on behalf of the
CBN.”

Sources said that the deal couldn’t have been
struck without connivance of some officials of the
company.

But upon interrogation, Bashir admitted that his
sibling partner-in-crime allegedly supplied the
mutilated notes and swapped them with good ones
from GTBank.

After obtaining a search warrant, the police
detectives searched their houses and found
N40million hidden in their father’s house.

Sources said the two brothers resorted to
organizing the heist when their initial plan to
deposit the mutilated money at Bankers
Warehouse or CBN failed.

A banker who preferred not to be named said for
a bank to lodge huge amount of mutilated notes,
it has to apply to the branch controllers of the
apex bank for approval.

“Banks don’t just dump money at the CBN
anyhow. It will be hard for GTBank to make such
application without raising questions about the
enormity of the amount,” the banker said.

“There are Counted Audited Clean (CAC), which is
meant for circulation and the Counted Audited
Dirty (CAD), which is meant for destruction. So
the notes they used to fake the incident are
those meant for destruction”.

Insiders told DAILY NIGERIAN that the CBN in
Kano recently busted a plan to swap N90million
dirty notes that were earlier marked and
shredded for destruction by the same apex bank.
“Although this is a different case, but there is
indication that something is really fishy,” said a
source.

Cover-up by the police?

After detention of the two brothers at the
Criminal Investigations Department, the police
released all the suspects without filing criminal
charges against them.

DAILY NIGERIAN gathered that the police
allegedly collected N1,500,000 to release them on
bail.

When contacted on Monday, the spokesman for the
Kano State Police Command, SP Abdullahi Kiyawa,
confirmed the arrest and recovery of the funds,
adding that the police are still investigating the
matter.

He said the brothers were released based on the
understanding reached by all the parties involved
to return the money.

When our reporter queried whether a criminal
offence of this nature could be “forgiven” by the
police without filing charges, the police spokesman
said he should be given time to get more details
of the case.

Mr Kiyawa did not respond to repeated calls on
Wednesday, seeking further clarification on the
matter.

Sources however told DAILY NIGERIAN that the
bank is more concerned about “recovery of stolen
funds” as prosecuting the staff involved may
cause the bank embarrassment.

The Head of Corporate Communication of GTBank,
Tolulope Onipede, did not respond to calls and
email seeking the response of the bank.


https://www.youtube.com/watch?v=VYVusZmFPoE

https://dailynigerian.com/exclusive-gtbank-staff-cbn/

Hardship in the land

Ok

Everybody na thief

aboki strategy