How do we move forward Nigeria? Hope this country isn't cursed with the way things are happening.

Hmmm how the one time giant of Africa (Nigeria) lost its value.

n

politricks:
Look up and see them condemning vanguard, why should they hide all the names involved?

None has disputed the story. That's what I mean and who told u those complaining about names are zombies?

The person no get name, abi

lomprico:
No zombie is condemning vanguard now o but if its news against their interest they will castigate vanguard news.

Thank God you have realized that we zombies have positive(incorruptible,honorable )interests.Will rather be a zombie for integrity than an ekpa/wailer(glorified zombie) for corruption.

He must be NAfDac Chairman... Go carry am

osesology:
Why is everyone involved anonymous? The department's name, anonymous, the MD being refered to, anonymous, even the beneficiary of the scam, anonymous, and you decided to bring it here for us to comment, on what exactly?

I tire for this kind reportage o. even d reporter sef na anonymous.

Knowing the Nigerian mentality, it was expected. alot more people out of political loyalty pulled huge chunks of capital outta Naija just to make things difficult for buhari.

With the way and manner Buhari has carried on with his acrobatism, I doff my hat for all those that saw ahead and pulled the plug. I know of a man that moved even his dogs to a nearby African country and told me that's the best strategic move he has ever pulled in his life. News like these from Nigeria makes him feel godlike.

Flexherbal:
God will continue to reveal those killing this country.

without names or pictures, how abeg?
my God no dey do dis kind job.

osesology:
Why is everyone involved anonymous? The department's name, anonymous, the MD being refered to, anonymous, even the beneficiary of the scam, anonymous, and you decided to bring it here for us to comment, on what exactly?

On anonimousity level, too.

Is it Bank of Industry?

Koolking:
This story is as fake as a bleached girl.

One of the sacked MDs...the man has gone underground...(No name, no company name to show this story is real). Sensational journalism from Vanguard. SMH

It's the same newspaper that wrote a story that a single company in Nigeria exports just processed starch to the tune of $8billion!
As far as I know,even before the starch fairytale,every story published by vanguard newspaper has always been false,unless proved otherwise by punch,SR or premiumtimes.

politricks:
It is vanguard o.

Don't mind the dafties writing rubbish. Who does not know that Vanguard is one of the official organs of the PDP? Vanguard can never publish any positive news about Buhari and APC. Well proven fact!

Coming from Vanguard (PDP's mouthpiece), the story is likely to be true.

omenka:
Nonsense. The man no get name?? If na one poor man steal rice, maggi or salt to cook for him family now, dem go put him face, him name, and the name of him village and ancestors for the page.

Annoying journalism.

Na so e be , my brother. Come to think of it, do we even know what EFCC does with this pEeps. Maybe, they just invite them to dinner/lunch/breakfast and say how much are u willing to just drop out of the billions you stole. The man/woman could say, " let me give you guys 300million and manage the rest". News go just flash, " Man has been granted bail and will pay a sum of 300million with two sureties" the story go just quench.

What dis people do is to teach everyone to steal in billions inorder to drop miilions , but if you steal in millions , you're in trouble, though not bigger trouble than those that steal in thousands.

lomprico:

None has disputed the story. That's what I mean and who told u those complaining about names are apc supporters?

Om.enka is what?

A current and entrepreneur Nigerian would know that this news is talking about Mr. Olaoluwa, the recentlt sacked MD of Bank of Industry (BOI). The news is so full of details that you wouldn't really need to guess to know who it talks about.

politricks:
Om.enka is what?

Ewo! I dint see he was the one. That guy is a rotten zombie that is die hard like those type you shoot many times before they die in d game 'road kill zombies'

lomprico:

Ewo! I dint see he was the one. That guy is a rotten zombie that is die hard like those type you shoot many times before they die in d game 'road kill zombies'

Get lost you've been served!

politricks:
Get lost you've been served!

Hehehehe
Zombie!

Cmeo:
A current and entrepreneur Nigerian would know that this news is talking about Mr. Olaoluwa, the recentlt sacked MD of Bank of Industry (BOI). The news is so full of details that you wouldn't really need to guess to know who it talks about.

Well, thanks for spelling it out for them.


But that Mofo get mind sha...

Cmeo:
A current and entrepreneur Nigerian would know that this news is talking about Mr. Olaoluwa, the recentlt sacked MD of Bank of Industry (BOI). The news is so full of details that you wouldn't really need to guess to know who it talks about.

simple since it is reported to be a bank and a developmental one

Rasheed OlaOluwa, former Bank of Industry MD. Dude is a confirmed home-wrecker!

Fraud in high places

@Cmeo.You are on point.When ppl come in NL to make some comments,it only exposes their knowledge gap.Going by the sack of DGs and MDs,only three banks were involved.FMBN,NEXIM and BOI.The reports here clearly states a developmt bank.So do you still need a name calling again?Nairalanders pls research before exposing your knowledge gap here.

surestsam:
wonder shall never... Waiting for sahara reporter's version. D word anonymous no go show for deir own report

sure...still waiting

iliyande:
One of the managing directors sacked on Monday by the Presidency, has played a fast one on the government by approving multi-million loans to his cronies and associates before stepping aside. He is said to have gone into hiding shortly after handing over to one of he top officials of the agency, which has been plunged into huge avoidable debts incurred by reckless spending by the sacked board and management.

The man is said to have gone under to avoid being taken in the Independent Corrupt Practices Commission and the Economic and Financial Crimes Commission, which had been trailing him even before his sack last Monday. Among other crimes allegedly committed by the man, was the huge sum of N1 billion, which he claimed to have donated towards the re-election campaign of former President Jonathan and the N300 million bribe he demanded from a popular farming group in Lagos as a condition for approving a N1.5 billion expansion credit to a popular Lagos farming entity recommended by a former president of Nigeria.

The dismissed official, who headed one of the development financial institutions, reportedly ignored the directive of the presidency to hand over immediately to the next most senior official but worked for two additional days to achieve his inordinate mission. Insiders, who are upset with the way the sacked official carried on in the establishment, said he reluctantly handed over on Wednesday after tampering with vital official documents.

The extra three days spent in the office by the disgraced official, was to enable him to sign off many controversial ‘deals’ and backdate them to prevent auditors from questioning them. In particular, the former MD is said to have used most part of Tuesday and Wednesday to approve huge loans to his favourite allies and backdated them to show that the approvals were given last year.

A top source told Vanguard that in one case, the sacked MD approved a personal housing loan of N27 million to one of the heads of departments on Tuesday and backdated it to 2014 to avoid being detected as fraudulent, null and void. “I can tell you that the beneficiary of the fraudulent approval, which took place on Tuesday, two days after the MD had been removed from office, is the head of corporate department of our bank,” a senior staff of the institution said. It was gathered that apart from illicit approval of loans for close allies within the establishment, the sacked official also hurriedly granted approvals for external loans believe to have also gone to his cronies.

It was learnt that after appending his signatures to the paper, the sacked official packed away many vital official documents in several bags known locally as Ghana-Must-Go and drove off in many trucks. Aggrieved staff and external customers are said to have reported the top sacked bank boss to the Finance Minister and the EFCC, which has indicated readiness to probe the cases listed against the former official.

http://www.vanguardngr.com/2016/02/612400/

but wait o does it mean dat dis MD no get name and also d agency too no get name too abeg make una de tell us truth and also open up make we know how to trace his family NAIJA NA WA OOO

osesology:
Why is everyone involved anonymous? The department's name, anonymous, the MD being refered to, anonymous, even the beneficiary of the scam, anonymous, and you decided to bring it here for us to comment, on what exactly?

To comment anonymously I guess

Anonymous story from an anonymous newspaper.

The write up indicated dt d organization is a bank. I guess it's Fed. Mortgage Bank.

Another trick by APC to distract the people from talking about their cluelessness in managing the economy. APC please leave the past goverment alone and revive this country. We are. Sick and tired of all these!

orlandotch:
The write up indicated dt d organization is a bank. I guess it's Fed. Mortgage Bank.

'development bank'. Sounds mote like bank of industry

Sounds like BOI...

I don't think that BOA can give out that much