Monthly Archives: November 2014

Customers Panic, Close Accounts, As… EFCC Nabs Fidelity Bank Manager …Over N25M Fraud

fidelity bank

In spite of the heavy cajoling/marketing tactics and promises given to prospective and even existing account holders/operators by commercial banks, some of them have completely failed to protect the trust customers have in the institution. This is so evident from the unprofessional and fraudulent sharp practices that is gradually become the norm with Fidelity Bank Plc. It has become so glaring that the bank can no longer live up to its name.
Recently, a lot has come into the open about the incessant fraud activities taking place in the bank. The focal point this time is the unwholesome attitude put up by a senior staff of the bank defrauding a client to the tune of N25,000,000, paid as a draft of the amount stated above by one Mrs. Juliet Uzor for onward payment into the account of Abuja Geographic Information System (AGIS),
Information has it that the manager of the Nnamdi Okonkwo led bank of the Gwagwalada area, Abuja, was said to have diverted the said money with the aid of some other unscrupulous bankers into private accounts. This, as we learnt, led to his arrest by men of the Economic and Financial Crimes Commission EFCC, over the mysterious disappearance of the depositor’s fund.
The self acclaimed smart banker, with the connivance of other suspects opened a fake ABIS account and paid the money into it. After the maturity of the draft from the clearing house, Augustine Odinawa, Fidelity Bank manager transferred his loot electronically to two company accounts from which he and his cronies shared what is not theirs.
As you read this, the EFCC is bent on making an example of the bank and its dubious staff by ensuring that justice is done. The anti-graft body has charged Fidelity Bank and its manager to court to answer three charges of fraud and conspiracy to defraud, forgery of public sector account and obtaining by false pretense.
This red light indicator is the new let down from the bank, which has led other customers to panic, leading to massive withdrawals and in some cases outright closure of accounts.

Avram Grant confirmed as Ghana’s new coach

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Former Chelsea and Portsmouth boss, Avram Grant, has been announced as the new coach of Ghana.

Airtel Launches Africa’s First 4G Service

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Nigeria telecom services provider, Bharti Airtel, Airtel, Thursday launched Africa’s first 4G service in the Seychelles. Airtel has launched the service on a state-of-the-art network based on FD-LTE, making the Seychelles amongst the first countries in sub Saharan Africa to commercially deploy this cutting-edge technology.

Austerity: Gov. Dickson May Sack Political Appointees

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Governor of Bayelsa State, Chief Seriake Dickson, he might have to lay off some political appointees in his administration due to the current austerity measure in the country.

Diezani Alison-Madueke Elected 1st Female OPEC President

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Nigeria’s Petroleum Minister, Mrs Diezani Allison Madueke, has been elected as President of the Organisation of Petroleum Exporting Countries (OPEC).