₦airaland Forum

I invested over 7 million naira in a business from (2021 to 2025), and I lost all.
Business is not easy the way we think

LegendHero:
The guy life don spoil.

Common Kriminal

I talk am ! I been dey sure say the alleged thief go be a " gunner." but alas., na King of all criminals and daddy of evil. ( Red devil ) .

I’m sure he’s not the only one involved

Nteogwuija:
If you dey make that kind money for Forex, you no go get time for Nairaland dey find money to use trade?

Oil dey ya preek my brother

helinues:
Greedy fellow. You can only divert the money temporarily. Smart people will use it for something to give them quick profits and return the money back. You can establish yourself with the profits but gluttony won't allow some people

I can confidently tell Nairalanders that a certain bank is notoriously known in the Nigerian banking sector. Their staff are easy to recognize in any workplace because of their behaviour and attitude. They are generally a very difficult group of people to work with.

Spiritmask:
I invested over 7 million naira in a business from (2021 to 2025), and I lost all.
Business is not easy the way we think

You for bring d money make i for help you dey carry sure 2 odds every weekend
You for don become a billionaire

GiftofGod77:
And with just $200 one can make over one thousand in a month. Why steal when to make money is very easy in trading forex?

My people suffer because of lack of knowledge

That's why some people resort to crime

Sometimes when I look at some of these hopeless criminals, I'm wondering if they actually know how easy they could be earning legit money without having any need for all the bullshìt they go through all in the name of making it big

bluefilm:
My people suffer because of lack of knowledge

That's why some people resort to crime

Sometimes when I look at some of these criminals, I'm wondering if they actually know how easy they could be earning legit money without having any need for all the bullshìt they go through all in the name of making it big

Yes. Very true. Like in the banks they have a section reserved for trading forex they can liaise with the staff there to trade for them with some funds. Or they could invest in mutual funds through their banks. Mutual funds are a bit secured. There are options one can carefully chose to invest instead of just taking monies not belonging to one.

LegendHero:
The guy life don spoil.

Common Kriminal

His banking career has been destroying because of greed

manuelkel:
He's not the only one, most of these branch managers are fraudsters.

Majority of them are not clean.

let me just jejely withdraw my money in the bank

Some people get mind sha

Jubrilv:
Imagine just branch manager, if this man become CBN gov ehhhhhh😂😂

I don't think he stole that money. Think about it, if he did, why remain with the bank, or in nigeria? Its possible that he was negligent in his duty. The real thieves don move leave am

“Greedy fellow. You can only divert the money temporarily. Smart people will use it for something to give them quick profits and return the money back. You can establish yourself with the profits but gluttony won't allow some people”

This is why there is so much corruption in the country. How can you divert a customer’s money temporarily and use the profit or interest for yourself, that’s fraud, you cannot transfer or tamper with customers account without their consent.

SmartPolician:
It's obvious the accused didn't move that money. Someone probably forged his signature. You cannot move that sum and still remain in Nigeria! You will leave the country the country that same day.

Lol

Did you read the article?

He was Head of Operations.

Only Head of Operations can authorised such amount on Banks' CORE Applications.

It is even said it was moved in 5-6 Transactions. No other Officers in the Branch have such Authorisation Limits.

So, he was in the know of the funds movement unless of course someone knows/steals his Password on the Banks Applications.

helinues:
Greedy fellow. You can only divert the money temporarily. Smart people will use it for something to give them quick profits and return the money back. You can establish yourself with the profits but gluttony won't allow some people

He is still a Thief if he does as you wrote and you are aiding and abetting him by applauding.

manuelkel:
He's not the only one, most of these branch managers are fraudsters.

Those ones used customers funds for betting and sharp stuff

Nteogwuija:
If you dey make that kind money for Forex, you no go get time for Nairaland dey find money to use trade.

Confirm !!! Na sweet mouth they dey get.

So many bank staffs are conmen.

U edited this just to feel gud??

Jubrilv:
Imagine just branch manager, if this man become CBN gov ehhhhhh😂😂

No big deal, afterall here for naija people with worse don become president. Na chop all of them go chop leave peanuts for citizens.

Sue the bank so you can get your money back

If this is how they charge for bail from criminals, those criminal minded nigerians would've stopped defrauding

obinna don go defraud powerful person

bluefilm:
My people suffer because of lack of knowledge

That's why some people resort to crime

Sometimes when I look at some of these hopeless criminals, I'm wondering if they actually know how easy they could be earning legit money without having any need for all the bullshìt they go through all in the name of making it big

For example on the 10th of October, as a result of China refusing to buy rare earth metals from USA, Donald Trump retaliated and placed tariffs on China and this caused fear and panic in the global market sending risky assets like crypto to fall in value massively. What some traders and perhaps investors don't realize is that in times of fear and panic US dollars rise in value with gold as a safe haven. So the best thing was to sell crypto to buy gold or US dollars but i was surprised that many did the opposite with very devastating consequences. Such knowledge of how the markets work can help investors make wise decisions. Even foodstuffs too can bring in money if carefully studied. There are a lot of investment opportunities if only we observe and study well. Donald Trump is a real estate trader and that is where he made his wealth. Its better than stealing.

BlackViper:
https://nairametrics.com/2025/11/14/ex-bank-branch-manager-arraigned-in-court-for-allegedly-diverting-customers-510000-forgery/

He's not the only one involved. It's rare to meet an honest Nigerian these days.

Most of them used customer's money to do MMM that time. Though, they returned back the principal after cleaning out from the gains generated from the ponzi scheme.

What is the government doing with the fifty and hundred Naira always deducted from my account for any transaction?

GiftofGod77:
For example on the 10th of October, as a result of China refusing to buy rare earth metals from USA, Donald Trump retaliated and placed tariffs on China and this caused fear and panic in the global market sending risky assets like crypto to fall in value massively. What some traders and perhaps investors don't realize is that in times of fear and panic US dollars rise in value with gold as a safe haven. So the best thing was to sell crypto to buy gold or US dollars but i was surprised that many did the opposite with very devastating consequences. Such knowledge of how the markets work can help investors make wise decisions. Even foodstuffs too can bring in money if carefully studied. There are a lot of investment opportunities if only we observe and study well. Donald Trump is a real estate trader and that is where he made his wealth. Its better than stealing.

I concur 100 percent

BlackViper:
Ex-bank branch manager arraigned in court for allegedly diverting customer’s $510,000, forgery

A former Head of Operations at Access Bank, Obinna Nwaobi, has been arraigned before the Federal High Court in Enugu State for allegedly diverting a customer’s $510,000 and forging a document.

This was disclosed in a statement posted by the Economic and Financial Crimes Commission (EFCC) on Friday.

The Enugu Zonal Directorate of the EFCC, on Thursday, arraigned Nwaobi before Justice F. O. Giwa-Ogunbanjo, where he pleaded not guilty to the allegations.

EFCC Allegation

According to the EFCC, the case began on September 11, 2024, when the Commission received a petition from Access Bank Plc alerting the agency to unauthorized transfers from a customer’s account.

“According to the petitioner, the sum of $510,000 belonging to its customer, Lantern Gate Nigeria Limited, was moved into six different accounts on the authorization of Obinna Nwaobi, its Head of Operations at that time, without the approval of the customer,” the EFCC statement partly reads.

The bank stated that the alleged breach—coupled with the customer’s representatives explicitly denying issuing any instruction for the transfer—raised concerns and prompted further investigation.

The defendant was subsequently arraigned on a nine-count charge bordering on forgery and criminal diversion of $510,000 belonging to the bank’s customer, Lantern Gate Nigeria Limited.

The Commission contended that the action contravened Section 1(b) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.

What Transpired in Court

At the resumed proceedings, the defendant pleaded “not guilty” to all the charges, paving the way for trial.

However, defence counsel, F. C. Obinna, drew the court’s attention to a bail application dated October 24, 2025. He adopted the application and urged the court to grant bail on liberal terms.

But counsel to the EFCC, Assistant Commander of the EFCC Adaka Ekwu, opposed the application through an 11-paragraph counter-affidavit filed on November 12, 2025.

He urged the court to reject the application, stressing that “the quality of evidence we have in our proof of evidence might put fear in him, and he might want to abscond.”

What the Court Said

After listening to both parties, the court granted the defendant bail in the sum of N250 million (Two Hundred and Fifty Million Naira) with three sureties in like sum, according to the EFCC.

The court held that two of the sureties must have landed properties in Enugu State, and the documents of those properties must be deposited with the court.

“The third surety shall be a relative of the defendant, who shall deposit evidence of tax payment for three years. The defendant and the sureties shall each deposit two passport photographs, while the defendant shall deposit his international passport and National Identification Number with the court until the determination of this case,” the judge was quoted as saying.

The matter was adjourned to March 10, 11, and 12, 2026, for trial, while the defendant was remanded at the Nigeria Correctional Service facility in Enugu pending the perfection of his bail conditions.
https://nairametrics.com/2025/11/14/ex-bank-branch-manager-arraigned-in-court-for-allegedly-diverting-customers-510000-forgery/

This "banker creep" was obviously planning to escape from Nigeria with the diverted money before it was detected by the bank's client. This is the exact modus operandi of these fraudsters WITHIN the banking system and their external accomplices.

Nteogwuija:
What if that was what he intended to do but then the venture failed?

We had one around then who did something like this but the venture failed he was caught and made to pay. He sold all his properties and went to zero, shame of the whole saga Led him to commit suicide leaving his wife and 2 kids to suffer.

He was the branch manager and had been with the bank for 25 years.