When the Economic and Financial Crimes Commission, EFCC , said Nigerian banks were as guilty as those involved in yahoo yahoo ‘deals’ and others money laundering activities, some banks raised objections.
Now, it is becoming crystal clear that some banks and their staff also aided most of the illicit money transfers and withdrawals.
When Adebola Adeniji-Adele jnr was introduced to an online business by a company which goes by the name LAVITA RICA on the prospect of making some money as a dormant partner, he never suspected that he was in for a rip off.
One Sulaiman Adamu with UBA account no 2048852324 using the phoney company, LAVITA RICA, urged Adeniji-Adele to pay into the account. Other members of the three-man gang are: Olatunji Pius and Francis Oluwole.
Pronto, he sent his money (100k) to a UBA bank account of one of the ‘smart Alec’ and after waiting for hours without the group fulfilling its own part of the bargain, he promptly requested that his money be refunded. But after awhile, it dawned on him that he has been duped as none of the group picked his calls again. He was later barred from reaching their mobile phones.
Infuriated that he has been duped, Adeniji-Adele wrote a petition to the EFCC.
On October 14, 2019, he was at the Anti-graft agency commission’s office on Awolowo Road , Ikoyi for briefing. He was given another two weeks to return to the EFCC for a follow-up.
The activities of the unscrupulous elements in Nigeria who specialize in duping unsuspecting people, either locally or international is aided by our banks for reasons that cannot be said to be altruistic. For instance, before a company could open a current account with a bank, the certificate of its registration with CAC must have been verified to know the objectives of the company. Again, the NFIU unit of the EFCC states that deposit above some certain limits must be reported to it. Besides, the banks are also to report suspicious lodgments to the NFIU for verification to know if it is illicit funds or money laundering.
The question then is, why is it difficult to sense that something was amiss in some transfers, lodgment and withdrawal if the banks and its staff are not accomplice, aiding and abetting those in the shady business?
An investigation by Newsnow revealed that most of the online business and Ponzi schemes are not genuine. And since it takes two to tango, the banks have chosen to look the other way while they (online fraudsters) dupe unsuspecting people at will.
Newsnow in the course of its investigation sent the account number and the details of dupe to a top staff of the UBA for prompt action. The top staff thanked Newsnow and promised to get the management to investigate the matter, but up till now , nothing it seems has been done to unravel those behind the alleged fraudulent activities.
Findings also revealed that apart from the UBA, other banks such as Zenith and Access banks are also culpable as most of the accounts number given to people to pay money have been traced to the aforementioned banks. And because of the economic situation so many people have fallen prey to these online racketeering. Most of the social media platforms are awash with the fraudulent products, asking ‘prospective customers ‘ to deposit some amount for a huge returns on their investment.
Below is the bromide of Adele’s petition to the EFCC