₦airaland Forum

The scheduled arraignment of arraignment of an India-born Nigeria businessman, Sunil Vaswani and his company, Stallion MG Automobiles Limited, for allegedly laundering the sum of N2bn, before a Federal High Court, Lagos, today, suffered a set back due to the absence of the defendants.

Mr Vaswani, who is said to be at large by the Economic and Financial Crimes Commission (EFCC) and his company are to be arraigned on a 20 count charge alongside two others: Harpreet Singh and Olalere Tajudeen, who are said to be directors in Stallion MG Automobiles Limited.

Another VaswanI company, Stallion Auto Keke Limited and Olalere Tajudeen are also facing another 20 counts charge of money laundering.

In the two separate charges filed by the EFCC, all the defendants were alleged to have collectively laundered about N2,060,850 billion between November 2022 and February 2024.

In one of the charge, Vaswani, Stallion MG Automobile, Singh and Olalere Tajudeen were alleged to have between February 14 and November 29, 2023, failed to report to the Special Control Unit Against Money Laundering (SCUML) in writing before depositing total sum of N655,350.750 million into their account with Providus Bank.

In the other charge, Stallion Auto Keke Limited and Olalere Tajudeen were also slammed with a 20-count charge for allegedly laundering a total sum of N1, 405, 500, 000 billion between November 2, 2020 and December 22, 2021, by depositing same into their account without reporting to the Special Control Unit Against Money Laundering (SCUML) in writing.

According to the EFCC, the charges contravene sections 11(1)(b) and are punishable under Sections 11(3) & 19(2)(b) of the Money Laundering Prohibition Act 2022.

At the resumed hearing of the matter today, EFCC lawyer, Henry O. Anaso, informed the court that the agency is having difficulties to secure the attendance of the defendants.

He therefore prayed the court for another date.

The defendants were not in court, neither were they represented by any lawyer.

Consequently, Justice Chukwujekwu Aneke, adjourned the matter to July 21, for the arraignment of the defendants.

Counts one of the charge against the first set of defendants reads: “That you STALLION MG AUTOMOBILES LIMITED, SUNIL VASWANI, HARPREET SINGH, and OLALERE TAJUDEEN on or about the 14th February, 2024, within the Judicial Division of this Honourable court, being a Designated Non-Financial business, the Chairman, Executive Director and Director of STALLION MG AUTOMOBILES LIMITED respectively, failed to report to the Special Control Unit Against Money Laundering (SCUML) in writing within seven days of a single transaction of the sum of N41,100,000 (Forty-One Million, One Hundred Thousand Naira) on your STALLION MG AUTOMOBILES LIMITED account number 5400786048, domiciled with Providus Bank and you thereby committed an offence contrary to Section 11(1)(b) and punishable under Sections 11(3) & 19(2)(b) of the Money Laundering Prohibition Act 2022.

Another count reads, “That you Stallion MG Automobiles Limited, Sunil Vaswani, Harpreet Singh and Olalere Tajudeen on or about the 29th November, 2023, within the Judicial Division of this Honourable court, being a Designated Non-Financial business, the Chairman, Executive Director and Diréctor of Stallion Mg Automobiles Limited respectively, failed to report to the Special Control Unit Against Money Laundering (SCUML) in writing within seven days of a singe transaction of the sum of N23, 822, 000. 00 (Twenty-Three Million, Eight Hundred and Twenty-Two Thousand Naira) on your STALLION MG AUTOMOBILES LIMITED account number 5400786048, domiciled with Providus Bank and you thereby committed an offence contrary to Section 11(1)(b) and punishable under Sections 11(3) & 19(2)(b) of the Money Laundering Prohibition Act 2022.

A count in the charge against the second set of defendants read, “That you Stallion Auto Keke Limited, being a Designated Non-Financial business; Olalere Tajudeen being Director and Sunil Vaswani (at large). being a Director of Stallion Auto Keke Limited, on or about the 4th March, 2021, within the Judicial Division of this Honourable court, failed to report to the Special Control Unit Against Money Laundering (SCUML) in writing within seven days of a single transaction of the sum of N150, 000. 000 (One Hundred and Fifty Million Naira) on your Stallion Auto Keke Limited account number 1300482899, domiciled with Providus Bank and you thereby committed an offence contrary to Section 11(1)(b) and punishable under Sections 11(3) & 19(2)(b) of the Money Laundering Prohibition Act 2022.

The last count reads, “That you Stallion Auto Keke Limited, being a Designated Non-Financial business; Olalere Tajudeen being Director and Sunil Vaswani (at large}, being a Director of Stallion Auto Keke Limited, on or about the 24th February, 2021 within the Judicial Division of this Honourable court, failed to report to the Special Control Unit Against Money Laundering (SCUML) in writing within seven days of a single transaction of the sum of N50, 000, 000 (Fifty Million Naira) on your Stallion Auto Keke Limited account number 1300482899, domiciled with Providus Bank and you thereby committed an offence contrary to Section 11(1)(b) and punishable under Sections 11(3) & 19(2)(b) of the Money Laundering Prohibition Act 2022.”

Details:- https://www.newsngr.com/money-laundering-case-sunil-vaswani-and-co-defendants-to-be-arraigned-on-july-21/

Ex-Globus Bank Staff Member Accuses Manager Of Workplace Abuse, Body Shaming, Forced Resignation

The allegations have raised concerns about staff welfare and internal governance practices within the financial institution.

Aformer staff member of Globus Bank in Warri, Delta State, Ibordor Sarah Oghenekparobo, has accused her branch manager, Oshiozuwa Awoniyi, of sustained workplace harassment, verbal abuse, body shaming, and allegedly orchestrating her forced resignation without due process.

The allegations have raised concerns about staff welfare and internal governance practices within the financial institution.

In an exclusive interview with SaharaReporters on Wednesday, Sarah described what she called “dehumanising” treatment at the Warri branch, alleging that she was targeted over her appearance, personal choices, and her refusal to conform to what she described as a “fake lifestyle culture” within the workplace.

Sarah, who hails from Ibusa in Delta State, said she had built her banking career over more than a decade across several financial institutions before joining Globus Bank.

She said she lived in Kano for 12 years, during which she worked with Access Bank, briefly with UBA, and later Sterling Bank before its transition to Alternative Bank. She later joined Globus Bank.

She explained that she relocated to Warri in September last year after her husband decided to move back from Kano.

According to her, she resumed at the Warri branch in October, but described her experience there as shocking, adding that she had never encountered such conditions in her entire banking career.

According to Sarah, the alleged harassment began almost immediately, over what she described as trivial personal matters, including the type of cup she used in the office.

“It started with my cup,” she said. “I brought an antique ceramic cup from home. They held a meeting and said I was ‘local’ and ‘not classy’ for using it. They took the cup from me and insisted I use expensive coffee mugs. I was shocked. This had nothing to do with my job performance.”

She added that a colleague later confirmed the office culture.

“Someone told me, ‘Welcome to the world of fake life.’ That was when I realised something was wrong,” she said.

Beyond that, Sarah alleged that her dress sense and personal appearance became a constant target of criticism from the branch manager.

“I am a pastor’s wife. I dress decently, nothing above my knees,” she said. “But my manager would call me into her office and insult me. She said I dressed like a ‘Christmas tree’ and that my clothes should be shorter. She even questioned why I wore my wedding ring.”

Recounting one incident, Sarah said Awoniyi insulted her in front of others after a business-related phone call.

“She called me a ‘big fool’ and ‘idiot’ in Pidgin English,” Sarah said. “All because I told a customer she was married. I was just trying to build trust for business, but she turned it into an insult.”

The allegations escalated to more disturbing claims of body shaming and colour discrimination.

“She called me into her office and told me she didn’t like my dark complexion,” Sarah alleged. “She said even her anus was better than my entire body. She snapped my picture and sent it to her friend to recommend bleaching cream for me.”

According to Sarah, the pressure to alter her appearance extended to her jewellery and wardrobe.

“She insisted I must always wear gold jewellery every day. If I didn’t, she would complain. I had to stop wearing my gold entirely because I couldn’t keep up with that expectation,” she said.

She further claimed that colleagues encouraged her to take clothes on credit to meet the perceived office standard.

“One colleague took me to a boutique and suggested I take clothes worth up to N1 million on credit. I refused. I told her I live within my means,” Sarah said.

Despite these challenges, Sarah maintained that her job performance remained strong.

“When I joined, I was doing about N58 million. Within three months, I hit over N300 million in transactions,” she said. “So I don’t understand how my performance became an issue.”

However, after confronting her manager about the insults, Sarah said the situation worsened.

“I told her respectfully that I didn’t like the insults. After that, she said she would start documenting everything I did,” Sarah recalled. “That’s when the queries started, over everything.”

She described receiving multiple queries, including one issued while she was hospitalised.

“I had ulcer complications and was admitted. My husband informed her. But when I returned, she issued a query for absence and insubordination,” Sarah said.




Another incident involved a trip to visit her sick mother, who was battling cancer and had suffered a stroke.

“I sought permission before travelling. She approved it,” Sarah said. “But later, she used it against me and issued another query, even though I returned and completed my work.”

According to Sarah, she was eventually summoned before a disciplinary committee.

“I went there and explained everything. Even the head of compliance said he didn’t understand why I was there for insubordination,” she said. “I showed them my performance records and business pipeline.”

However, she said the outcome was unexpected.

“After the meeting, I was told everything was fine. But days later, my manager called me and said the bank had asked me to resign,” Sarah said.

Shocked by the development, Sarah said she reached out to senior officials for clarification.

“I was told the decision came from the Executive Director. No warning, no suspension, no formal outcome, just resign,” she said. “I never stole or defrauded anyone. In over 10 years, my record was clean.”

She described the experience as emotionally devastating.

“I broke down in tears. I kept asking, ‘What did I do to deserve this?’” she said.

Sarah further alleged that her salary was withheld and her account debited before she was effectively locked out of the system.

“They removed me without paying my salary. They debited my account and shut me out,” she claimed.

She also accused the branch manager of wielding undue influence within the bank.

“She gives gifts to HR and internal control staff. They do her bidding,” Sarah alleged. “Nobody wants to challenge her because they say her husband is very wealthy and influential.”

Sarah’s account paints a troubling picture of workplace culture marked by fear and silence.

“Staff are afraid to speak up because there are no jobs. People endure the abuse,” she said. “After I left, many colleagues started sharing their own experiences with me.”

Awoniyi Refutes Sarah’s Allegations

When SaharaReporters contacted Awoniyi, she explained how she had wholeheartedly accommodated Sarah and welcomed her into her branch. Awoniyi said that Sarah often dressed in ways that did not align with corporate standards.

Awoniyi said, "Honestly, I don’t even know how to explain everything. It’s not funny, but it’s complicated. I wish I didn’t have to be the one you’re asking. It would be better if you also spoke to other people to get a balanced view, so it doesn’t seem like I’m being biased.

"I think what happened here is a situation where someone acted emotionally rather than reasonably. I hope I’m making sense.

"I returned to the country last year around October after traveling. I was still recovering from jet lag when I received a call sometime in September from someone I didn’t know. She introduced herself as Sarah and said she worked at our Kano branch. She explained that her husband had been transferred to Warri and that she was looking for a position.

"Without hesitation, I told her there was space in my branch. I didn’t make any inquiries or contact her former branch manager, which, in hindsight, was my biggest mistake.

"I even followed up with her, asking about her relocation. She planned to travel by road with her children, but I advised against it due to security concerns and suggested she take a flight instead. I also helped arrange for her resumption date to be extended. Eventually, she resumed work on October 2nd."

According to Awoniyi, "When she arrived, we connected immediately. I’m naturally empathetic; people often say it’s both my greatest strength and weakness. I welcomed her warmly and treated her like part of the team.

"However, from the beginning, there were issues. Some seemed minor at first, but they kept recurring.

"For instance, she mentioned clothing and jewellery in her complaint, which surprised me. When she first arrived, she told me gold was cheaper in Kano and even offered to help me buy some. Later, when she complained about the cost of living, I advised her that she could buy and resell gold as a way to manage financially.

"I was shocked to later hear that she claimed I said she couldn’t afford gold. That is a complete misrepresentation. Over time, I realized she had a tendency to twist conversations.

"Another issue was her performance. She was not meeting expectations. As a manager, my performance is tied to my team’s output, so I tried to support and encourage her, especially in areas where I knew she had potential."

The branch manager explained that Sarah frequently absented herself from work.

"She would report sick on Mondays, go to the hospital, and then be absent for most of the week, only to return the following Monday. This became a pattern.

"At one point, she told me she didn’t like being scolded. I apologized and adjusted my approach, but her behaviour didn’t change.

"Eventually, I had to issue queries, only two, in fact, because I prefer resolving issues through conversation rather than formal discipline. But her conduct left me no choice.

"Regarding dress code, she often dressed in ways that did not align with corporate standards. I would address it casually, sometimes jokingly, as a colleague, not in a hostile manner. For example, I once told her an outfit looked more like a choir uniform than office wear. I never sent her home or formally punished her over dress code, even though that would have been within policy.”

"She also displayed difficult interpersonal behaviour. She often clashed with colleagues, despite being the most junior team member. There were frequent disagreements over minor issues," Awoniyi said.

Awoniyi noted that, at some point, she began to notice inconsistencies in Sarah's statements.

She said, "For example, she once requested time off, saying her mother was undergoing cancer treatment. However, during that same period, she attended a political rally, which she posted on social media. I chose not to confront her about it.

"There were also instances where she failed to communicate properly. On one occasion, after being granted leave, she informed me late at night that she was just entering town, without clearly stating she would miss work the next day. Given that she was responsible for coordinating a meeting, this was highly unprofessional.

"Her performance as a marketer was also significantly below expectations. She consistently delivered less than 10% of her targets over an extended period. Although she showed slight improvement toward the end, it was insufficient.

"Eventually, due to her performance and conduct, management decided she should resign. I initially resisted and wanted to appeal the decision, but she declined.

"When she left, I was deeply affected. It was a difficult experience for me as a manager. However, I was advised by HR and senior management that such decisions are sometimes necessary.

"After her departure, she began making serious allegations against me, including claims that are completely false and defamatory. I was advised not to pursue legal action at the time, but I made it clear that I would if necessary.”

"In summary, the core issue was her attitude and performance. Rather than addressing feedback and improving, she chose to shift blame and misrepresent events. That is my account of what happened," she added.

Efforts to contact Elias Igbinakenzuwa, the Managing Director/Chief Executive Officer of Globus Bank, as well as the Head of Compliance, Olaitan Lasore, were unsuccessful, as they did not answer calls or respond to messages sent to them.

FULL DETAILS AND PHOTOS:- https://www.newsngr.com/ex-globus-bank-staff-member-accuses-manager-of-workplace-abuse-body-shaming-forced-resignation/

Uche Anderson Chiekea, an Agent Network Manager at Nomba Financial Services Limited, and his associate, Joy Oluchi Ani, have been brought before a Federal High Court in Lagos over an alleged cross-border fraud and money laundering case involving $50,487 linked to transactions between Nigeria and the Democratic Republic of Congo.

They were arraigned before Justice Ambrose Lewis-Allagoa by operatives of the Force Criminal Investigation Department (ForceCID), Alagbon Annex, on a six-count charge that includes conspiracy, illegal diversion of funds, unauthorized alteration of financial terms, and money laundering.

Prosecuting counsel Clifton Onovo, representing Stanley Afoaku, told the court that the alleged offences took place between February and May 2025. He said the defendants worked together and with others still at large to move illegal funds across borders, in breach of the Money Laundering (Prevention and Prohibition) Act, 2022.

According to the prosecution, the duo knowingly handled and transferred $50,487 believed to be proceeds of unlawful activities, with the aim of hiding its source. The transactions, it was argued, were structured to avoid detection within the financial system.

Chiekea was further accused of abusing his position within the company by diverting funds entrusted to him for personal use. He was also alleged to have adjusted service charges and interest rates applied to agents and customers without approval, presenting the changes as legitimate.

The offences were said to violate multiple laws, including provisions of the Money Laundering Act, the Criminal Code Act, the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and the Corrupt Practices and Other Related Offences Act, 2000.

Both defendants pleaded not guilty when the charges were read.

Following their plea, defence counsel E. J. Kachichukwu informed the court that bail applications had been filed and served on the prosecution. The prosecutor confirmed receipt and did not oppose the request.

Justice Lewis-Allagoa granted each defendant bail in the sum of N10 million, with one surety each in the same amount. The sureties must be property owners within the court’s jurisdiction.

The court, however, ordered that the defendants be remanded in the custody of the Nigerian Correctional Services pending the fulfillment of their bail conditions. The case was adjourned to May 22 and 25, 2026, for trial.

Source:- https://nggossips.com/2026/04/nomba-financial-services-manager-associate-arraigned-over-alleged-50487k-fraud/

Exactly, i said the same thing

brain54:
Another beautiful life cut short...


Nigeria has happened to her. Many of our qualified doctors and professionals have japaed away on foreign sojourns- Brain drain. Leaving behind tiktok professionals.


I won't be surprised to hear that nurse administered a different and lethal medication mistakenly thinking it was Diclofenac. Which probably is what that doctor was trying to cover up. Why even her choice of Diclofenac for stomach pains in the first place?


We play too much in this country. Most Nigerians are only interested in having a good time. Which has enabled negligence and incompetence. Plus all the other challenges we are facing like declining educational systems.


Rest in peace to the dead. You were so young and beautiful. Too bad your potential has been cut short by a failed system!

Namaster:
... a nurse dismissed the concerns of those present, stating that the discoloration was her normal body color and that there was nothing wrong with her....

You see, some nurses are the real problem in certain hospitals. These individuals will insult and neglect you, making you feel small and insignificant. I always deal with them because they have no respect at all.

Wema Bank Plc is now in a legal struggle to recover roughly N2.9 billion that was inadvertently withdrawn due to a system error. The bank has filed a suit at the Federal High Court in Lagos, seeking a preservative order that would force the involved financial institutions to return N2,906,226,083, which has been traced to various accounts within their networks.

The legal action stems from an operational failure in Wema Bank’s core banking system on January 16, 2025, which led to unauthorized transfers from customer accounts. An affidavit from Kehinde Buari, the bank’s Head of Special Review and Investigation, revealed that the glitch triggered unintended transactions affecting not only Wema Bank’s accounts but also those at 26 other financial institutions.

In response, the bank launched an internal investigation to trace and recover the missing funds. While some unauthorized transactions were confined to its own system, a significant amount was found in external accounts managed by the defendant institutions, with a total of N888,301,598.15 already recovered by some banks.

Investigations further showed that some recipients tried to conceal the source of the funds by transferring them between multiple accounts. Wema Bank promptly alerted the affected institutions about the error and the fraudulent transactions, instructing them to freeze the implicated accounts.

To support its recovery efforts, the bank’s internal audit and legal teams have compiled detailed reports tracking the funds' movement, identifying the recipient accounts, and documenting the recovered amounts. Additionally, the Nigeria Inter-Bank Settlement System (NIBSS) was engaged to follow the trail of funds across several institutions, prompting further communications with the defendant banks regarding the unauthorized transfers.

Wema Bank is now seeking a court order to compel the 26 financial institutions to return both the recovered funds and any additional amounts that can still be traced. The bank is also requesting that the court direct these institutions to provide details about the account holders who received and dispersed the funds, thereby aiding law enforcement agencies in further investigations and recovery efforts.

Furthermore, the bank is asking that the affected account holders be placed on the Central Bank of Nigeria’s Credit Risk Management System and other financial watchlists using their Bank Verification Numbers (BVNs) until the stolen funds are fully recovered. Although some financial institutions have already taken preliminary measures to restrict the transactions, Wema Bank insists that a formal court order is essential to ensure complete compliance and restitution.

Wema Bank has warned that without the necessary legal directives, there is a risk that the frozen funds could be released, undermining their recovery efforts.

This incident is not isolated. NewsNGR reported that, in January, Guaranty Trust Bank (GTBank) secured a court order to recover ₦1.9 billion that was mistakenly credited to customer accounts following a system error in October 2024. These cases have raised significant concerns about the safeguards in place for interbank transactions in Nigeria, with experts pointing to outdated infrastructure and insufficient oversight as potential contributors to the growing risk of errors and fraud.

Source:- https://www.thetimes.com.ng/2025/03/wema-bank-suffers-n2-9-billion-loss-due-to-transfer-system-failure/

Could be probably a gift shaaaa

This is exactly true. My brother's kids attend Maduka University, and he deeply regrets his decision. The university faces numerous issues, from difficulties in accessing food to incidents of lecturers molesting students. Maduka University has a long way to go, honestly.

Volcano12:
This news is very devastating, especially to us parents that have our kids in that school.Im looking for another university for my child, because the illness, all the time don tire me.You can’t find good food there to buy.My child had been admitted trice in their clinic for typhoid.Common to carry out text, na nothing less than 10 naira, then if you have to conduct several of them?And they don’t have qualified lecturers, in short Maduka University never ready, I pray those kids survive this semester, cause after that I’m done spending my hard earned money for them to punish my child.May the deceased rest in perfect peace 🙏🏼.