[/b][b][b]URGENT NEED TO INVESTIGATE THE PERSISTENT, UNREPENTANT, MASSIVE FRAUD BY RICHARD BELLO, RISIKATU AHMED/ASO SAVINGS AND LOANS PLC AIDED BY THE CENTRAL BANK OF NIGERIA AND THE OFFICE OF THE GOVERNOR OF LAGOS STATE AGAINST UNION HOMES SAVINGS AND LOANS PLC[/b]
This is a petition and request for investigation as afore captioned.
Mrs. Riskat Ahmed and Mr. Richard Femi Bello of ASO Savings & Loans Plc (BOTH EVIL UNDERTAKERS) have set out to completely destroy Union Homes Savings & Loans Plc obviously with the connivance of soon to be unravelled accomplices - persons and Organizations as the case may be.
The madness of outright stealing, embezzlement, diversion of funds, conversion of Assets and misappropriation of Union Homes funds by this partner in crime, are unprecedented and unimaginable as these atrocities are being carried out with brazen impunity without recourse to the law and the plight of Shareholders and Depositors of the Bank many of whom have died and many others dying as they are unable to access their money in the bank.
- N1.6 billion was recovered in September 2021 by UHSL Plc (her money) from UBN Plc., which was transferred to Aso Savings and Loans Plc.
N1billion was taken out rightly from which N800million was invested in government bonds for herself. she also settled her own debt with Nexim bank with N200Million and claimed to have paid consultancy/success fee of N411.80 million at 25% to a firm.!
As at the time of writing. this petition no one but them know how exactly this money was spent.
They must account for the money.
AS captured in the first petition, Richard Bello STOLE the bank's car Lexus 470 which was recovered from a customer. He registered it in his name then turned around to lie that his son bought the car for him. This issue was investigated and Richard Bello was indicted.
This Lexus jeep 470 was used by customer to pay for his indebtedness and has since not been released for sale by Mrs. Risikat Ahmed. Rather, she hid the car and placed the price (Nigeria used car) at N70.0M (which ordinarily should be N49million) so that no one can buy it, because she has the intention to use it for herself when everyone has forgotten about it.
WE HAVE NOT AND WILL NOT FORGET IT!
And Richard Bello rather than being punished for STEALING, was given a pat on the back and sent to Aso as an Executive Director now we know why!
In December, 2022 and January, 2023 Mrs. Risikat Ahmed and Mr. Richard Bello, under false pretence without the knowledge of Union Homes, CONNIVED with LAGOS STATE OFFICIALS and diverted the N2.5Billion belonging to Union Homes, Serraq Nigeria Ltd and Abule Ado Traders association for the demolition of their properties when Lagos State Govt was constructing roads along Abule-Ado axis.
This amount was paid by the Lagos state government as compensation for the said demolition of the shops which were financed by Union Homes of which ASO is not a party to the transaction.
The said money was collected by people who are not management and staff of Union Homes (because the Institutions are not merged as falsely claimed by Aso)!
Risikat Ahmed and Richard Bello claimed that the N2.5B was shared/divided 50:50 between them and the Government Officials who they termed 'political people'
The said 50 percent of N2.5billion in the sum of N1,250,000,000 was given to the political people who according to them, helped them to facilitate the payment. Again, WOW!
We are by reason of this petition, requesting that the relevant anti-crime agencies arrest these thieving personalities, to produce these so-called Lagos State Government officials who have taken the afore detailed 50% being money meant for victims, shareholders and depositors.
Shockingly, Mrs. Risikat Ahmed and Mr. Richard Bello have also claimed that they contracted an unknown consultant for NGN75.0M just for the purpose of sharing the money to the Political People.
This is most appalling, awful, disgraceful and heinous.
We request that this consultant be called/invited to explain what services he rendered in sharing stolen monies to strange entities that warranted him to charge a whooping sum of N75M!
We are reliably informed that Mrs. Risikat Ahmed has imposed one Mr. Femi Adewoye as Chief Operating Officer and Mr. Ifeanyi Akaelu as Head Corporate Services on Union Homes as conduit wire for signing financial transactions (stealing funds) and as her eyes/watchmen within Union Homes.
Mr. Femi Adewoye has single handedly been signing transactions/documents worth billions and millions of naira notwithstanding he is not a staff of Union Homes. He should also be quizzed on what capacity he does that when he’s not a staff of Union Homes.
Most recently, he has approved and authorized the payment of a fraudulent request (#50.0M) of his principal for payment of jobs done by lawyers that had already been paid for.
Yet again, WOW!!!
Another of their shameless atrocity is in relation to Meadows Estate in Abuja.
The land belongs to Union Homes but ASO Savings & Loans Plc coveted and converted it to theirs, built Meadows Estate, sold the buildings without remitting a dime to the rightful owner - Union Homes.
Mrs. Risikat Ahmed and Mr. Richard Bello should be quizzed on their involvement in this.
Mrs. Risikat Ahmed and Mr. Femi Richard Bello should be stopped from their activities and involvements in transactions of Wilbahi Properties in Abuja and Aiyeteju land, Ibeju-Lekki Lagos because these properties belong to Union Homes and not ASO Savings & Loans Plc. Besides their mission is not to develop the properties for the good of Union Homes but to sell and steal the money. The agencies and corporations dealing with the duo on the properties aforementioned should desist from doing so because they are not Union Homes employees. Any one that does business with them in the name of UNION Homes does so at his or her own peril.
As at today, Mrs Risikatu and Mr Richard Bello are fighting tooth and nail to change the signatories of the accounts from Union Homes staff to ASO Savings signatories because they do not want Union Homes staff to see or restrict their stealing spree!
Therefore, this petition serves as a ' Red Flag' and strong warning to all whom it may concern to avoid or reject any letter from Mrs. Risikat Ahmed and Mr. Richard Bello of ASO Savings & Loans Plc requesting for the inclusion of Mr. Femi Adewoye and Gbenga Sunday Olaleru as signatories to any Union Homes account. Such letter(s) should not be entertained or honoured because none of them is Management or staff of Union Homes.
Union Homes is not owned by ASO Savings & Loans Plc in any way because conditions for such ownership or merger was not met by ASO Savings & Loans Plc because of her insolvency.
This is a detailed narration of a ported Merger that never happened!
It is crystal clear that there's a calculated and pre meditated game plan propelled by corruption by certain quarters in the government and private organizations to put together a fraudulent merger and acquisition arrangement between Union Homes Saving Plc and ASO Savings & Loans Plc.
Needless to say, that CBN deliberately and intentionally dictated the merger arrangement of the two organizations by favouring the bidding of ASO savings and loan Plc when there were other healthy and capable organizations that bided for the Merger and Acquisition.
In the fraudulent and doctored merger agreement drawn by CBN for the two organizations for each to comply with before the merger is deemed consummated, none has been complied with by ASO Savings & Loans Plc since 2013 to date.
Disgustingly, ASO Savings & Loans Plc has not only been parading herself as the owner of Union Homes Savings with the backup of CBN, she has become parasitic on the bank, stealing and embezzling the funds and stripping her (UHSL) of all her assets.
From 2013 till date, Union Homes Savings & Loans Plc has recovered over N12.0Billion from their debtors and this is well over the amount required by CBN to recapitalize herself but Mrs Risikatu Ahmed, Mr Richard Femi Bello and ASO Savings & Loans Plc and her management have stolen away the funds, with the sole intention to kill the bank and cover their crimes.
Every report of the evil activities of ASO Savings & Loans Plc to CBN about Union Homes have never received any positive response from her as the apex Bank that is supposed to curb these malpractices mentioned above and in the entire narratives rather, promoting these atrocities by being silent and non challant.
ASO Savings & Loans Plc had only 90 days according to the Transaction Investment Agreement (TIA) conjured by CBN to meet all conditions spelt in it before she would assume to have merged with Union Homes or do any transaction involving funds, sales or purchases of assets and properties in Union Homes. However, since 2013 till date ASO savings and loans Plc has overly and with impunity been doing all that in Union Homes with the knowledge and suspicious backup of CBN.
Clearly, the period for her to apply for extension of TIA if she had wanted to had expired for long and as such, she no longer has any business or anything to do with Union Homes as at today.
As required, ASO Savings & Loans Plc was to inject N5.0 billion into Union Homes as purchase consideration fee for recapitalization of the Bank and its operations and up till now ASO Savings & Loans Plc has not brought a dime to Union Homes, whereas, CBN gave her license and authority to lord illegally over Union Homes.
CBN in the TIA agreed to support the operations of the bank with rescuing loan of N12.0 billion provided ASO Savings & Loans Plc has provided the #5.0Billion in an escrow account with any of the bank as stipulated in the TIA but CBN went ahead and disbursed #8.0Billion to ASO Savings & Loans Plc without seeing the #5.0Billion and till today both the N5.0Billion and the N8.0Billion from CBN have not gotten to Union Homes for the past 10years now.
CBN is evidently in connivance with Aso and her illegality but ENOUGH IS ENOUGH!
Time and space will not permit me to give details of the serial millions of Naira (ranging from N10.0M, N18.0M, #20.0M to N40.0M) which Mr. Richard Bello took variously for himself. However, we want to report to the security agencies the combined criminal activities of Mrs. Risikat Ahmed and Richard Bello in Union Homes so that both of them be brought to book and investigated for stealing, fraud, embezzlement, conversion of assets, diversion of funds, stripping of assets and money laundering without further delay.
Mrs RISIKATU AHMED, Mr RICHARD FEMI BELLO, ASO savings and loan plc and CBN should be held accountable for the following Funds: N1.6b, (Recovery from UBN Plc by Union Homes), N2.5b (Lagos state. compensation), N8b (CBN rescuing loan) & over N12b(recoveries).
It has been exposed that just recently, Mrs. Risikatu Ahmed has paid pressmen N2.5M to conceal this information from getting into the public especially security agencies like you. You can see that she has a lot of skeletons in her cupboard as well as evil up her sleeves. Reason she can spend such amount to cover the tracks of her/ their atrocities.
Finally, we use this medium to entreat you to send her, her partner in crime and ASO Savings & Loans Plc away from Union Homes. Their stock in trade is nothing but to steal, kill and destroy. Besides, the illegal, fraudulent and criminal merger arrangement by CBN that was supposed to bring the two organizations together had expired 10years ago.
Thanks.
Yours sincerely,

Peter Etuo Ajimolor