NOT A GOOD TIME FOR AIR PEACE BOSS ALLEN ONYEMA AS HE IS INDICTED FOR FRAUD IN AMERICA....

Wow wow wow. That's just the bewildering expression coming from the mouths of those hearing about this misfortune that has come the way of the man, many had touted and were too sure was going to be declared without a rival, as man of the year in Nigeria 2019, just too surely by the end of this year. Owning to the fact of his major intervention at the most auspicious time in Nigerian history, when he single-handedly played the role of a good and benevolent Samaritan, when desperate Nigerians, who were in major dilemma in South Africa, in the aftermath of the repeated xenophobic attacks against Nigerians, needed to be evacuated immediately.

His swift response without prompting and solicitation of any kind, when he volunteered to aid is nation for Free, had greatly endeared him to Nigerians, who saw in him a selfless hero, a wonderfully humane personality and in fact a great Nigerian by all standards.

Now just only a few months after such wonderful intervention and the attendant outrightly fantastic ovation and backslapping, it is that same candidate for the deserved man of year award 2019, now that misfortune seem to have crept towards and now he must fight with all he has, to clear his name and reputation from the damning mess, has he has been indicted for fraud and money laundering in the US. The shock to the system as par this allegations, is totally unbelievable!

Chief Allen Ifechukwu Onyema, who is the founder and CEO of probably the fastest growing airline in Nigeria, by name Air Peace, who only just how many weeks recently, even ordered for more planes to be added to their fleet, is the unfortunate target of the indictment in the US, for fraud and money laundering related offence to the tune of $20 million Dollars which in Naira translates to about plus or minus N7.2billion Naira (that's at N360 Naira to $1 Dollar).

Incidentally, Chief Onyema is a barrister at law by training.

According to www.justice.gov

FOR IMMEDIATE RELEASE
Friday, November 22, 2019

CEO of Nigerian airline indicted for bank fraud and money laundering.

ATLANTA – Allen Ifechukwu Athan Onyema, the Chairman, CEO, and founder of Air Peace, a Nigerian airline, has been charged with bank fraud and money laundering for moving more than $20 million from Nigeria through United States bank accounts in a scheme involving false documents based on the purchase of airplanes.  The international airline’s Chief of Administration and Finance, Ejiroghene Eghagha, has also been charged with bank fraud and committing aggravated identity theft in connection with the scheme.

“Onyema allegedly leveraged his status as a prominent business leader and airline executive while using falsified documents to commit fraud,” said U.S. Attorney Byung J. “BJay” Pak.  “We will diligently protect the integrity our banking system from being corrupted by criminals, even when they disguise themselves in a cloak of international business.”

Robert J. Murphy, the Special Agent in Charge of the DEA Atlanta Field Division commented on the indictment, “Allen Onyema’s status as a wealthy businessman turned out to be a fraud. He corrupted the U.S. banking system, but his trail of deceit and trickery came to a skidding halt. DEA would like to thank the many law enforcement partners and the subsequent prosecution by the U.S. Attorney’s Office who aided in making this investigation a success.”

More after the break. Click on Read More below

MOMPHA CHARTS NEW PATH TO REDEMPTION AS HE TOTALLY WIPES OUT IG PAGE

It seems like social media celebrity of note by name Mompha, the international IG celebrity with over six hundred thousand plus followers/fans and admirers and former great friend of celebrity loudmouth and another social media sensation Hushpuppi aka Aja Puppi or Aja IV whose supposed real name is Raymond Igbalode; who a few weeks ago was caught by the EFCC on a flight that was getting set to return him back to his domain in Dubai, the UAE, who without his knowledge had been kept him under close observation on the suspicion of grand fraud and international cyber crime involvements, might in fact be clandestinely and surreptitiously charting a new road or path to redemption for himself.

And if all works out as planned by him and his associates, he might soon, we mean pretty soon at that be breathing the fresh air of freedom, as the case against him might soon be quashed and would disappear and those who should convict him, might soon deliberately be clawing at cobwebs or thin air! Although that would be ghastly!

Some had speculated in the aftermath of his arrest, that it was only going to be a matter of time, before the dude would soon walk out and be free from all allegations laid against him. Especially with how notorious they feel the anti-graft body are. There had been very many loud Whispers then that, it was very likely that Mompha whose real name is 'Ismaila Mustapha', would soon be free again to go about his businesses unencumbered, after he might have paid, let go of some very hefty sum to some people to secure his freedom.

Those who claims he might soon be released, are also of the opinion that amongst the fishes involved in the whole web of criminality that Mompha is supposed or alleged to be involved in, that he is just a mid sized fish in the middle, that is in comparison to the more big sized fishes, the sharks and whales, that could be involved too, who are still in the dark and who might actually be the untouchables. Some are of the opinion that this untouchables might actually be in Government or might actually be connected powerfully to those in Government.

Though we had argued vehemently against such thoughts, especially as we had postulated that, if 'Mompha' was ever just going to be released like that or better still if he would go scot-free and be told to sin no more, without facing a judge to actually determine his case, then the whole mess wouldn't have enjoyed the sort of attention that heralded it the way it was. Just imagine the kind of staggering amount already discovered, which is in excess of 30 billion Naira!!!!

We had even also postulated that with the involvement of the FBI already in the case, waiting and wanting to make sure that this fish(es) in the puzzle caught would be sent to jail and coupled with the kind of goodwill that came the way of the EFCC over his capture and that of his Lebanese heavyweight accomplice/partner, then the anti-graft body wouldn't dare bungle the case.

In preparation though for maybe his eventual release, seems like Mompha either by himself, having been allowed access back to his Instagram account or maybe through surrogates, has since totally wiped out, removed, deleted all the very many pictures that chronicled his very loud existence of before, which made him the celebrated sensation that he is today. All the pictures of those state of arts machines he loved to show off and celebrate; all the pictures of his various intimidating wrist-watches; all the many pictures of him decked out in his various designer garbs; all the pictures of him with family, showing off their awesome wealth and more are all now GONE!

We actually think the premise behind the full wipe out would have been that, the showcase actually celebrated a lifestyle of 'vulgarism and ostentatious living' to the height, that he might not be able to readily defend. It showed all of the limited edition cars-The Rolls Royce, Ferrari etc, watches and more. All of those kind of things that could easily indict and prove that he is an international fraudster or cyber criminal/fraudster as alleged are gone.

So with this wipe out now, the only pictures his several fans & worshippers now have, are those they might have captured long before or just those still copied in their minds eyes. Hmmmmmm.

Would Mompha actually gain freedom soon?

Hmmmmm, let's wait and see.

As we all know very well that magic is very real abi? So abracadabra can always happen.

It's not impossible! 

THE MOMPHA SAGA CONTINUES AS FOREIGN COLLABORATOR-HAMZA IS NABBED!

Hamza Koudeih 

Ismaila Mustapha aka MOMPHA 

That Mompha the highly celebrated Internet or better still social media celebrity with the awesome and enviable lifestyle was arrested or better still caught, is now history. What is the very latest in the installment in the edition or series that concerns him now, is that one of his so called accomplices or better still collaborators or co-star (actor) in his drama series has also now being nabbed too.

So like we have rightly said above in the title of this write-up, Mompha's still unfolding saga continues dramatically, and from the vibes we are getting, it seems like the loose noose or lasso on his neck as placed there by the anti-graft body in collaboration with the Interpol, is gradually tightening more and more daily and those many birds that surrounds him, still fluttering around and gliding through the air with utter abandon, like they actually own the world, same way 'Tony Montana erroneously thought the world was his or in his palm, like in that classic 'Scarface movie', might soon still  be caught or caged, as the days goes by.

Like we had said before, the super generous 'Mr. Nouveau rich', little known to the world as 'Ismaila Mustapha' but better known to most as the highly celebrated Mompha, has since adopted singing, in the mold of a K1 the Ultimate/Sir Shina Peters, as a highly dexterous one man band Canary or a hybrid Nightingale, singing as an avowed multi-instrumentalist also as his new hobby. The guy's memory from what we hear seems perfectly intact, with a great ability to recall instances, places, people and occasions.

Only just yesterday, it seems like one of his formerly invisible band members, an important international collaborator, in the person of a so called Lebanese businessman by name Hamza Koudeih was discovered and has been brought into the open to come explain his own part in their many business collaborations/transactions. Hamza would have to help explain to the anti-graft body how he and his band mate(s) were able secure transactions valued at just about 33 billion Naira only.

The wily Hamza was arrested at his $5million valued luxury apartment at the Eko Pearl Towers, Victoria Island address. From what we heard, it wasn't easy at all to penetrate this highly secured/fortified, super luxurious apartment, located at the Eko Atlantic City, the planned super luxurious enclave of the super wealthy that would have no rival in Nigeria, being packaged by the Chagourys. The apartment boasts of the best in security appliances like CCTV and more.  We once had a tour of the place more than a year ago and we can readily attest to the beauty and secure nature of the Eko Pearl Tower, the view alone from the rooms, is breathtaking!

It took the EFCC men more than 3-hours to gain entrance into Hamza's apartment as he and his wife and other occupants had refused to open the door. The door had to be broken down for them to have access to the apartment. When the EFCC officials finally entered the apartment, they found the wife, who claimed that her husband had escaped from the apartment through the window. But he couldn't have as they lived on one of the topmost floors of the 33 storey building. So to have escaped from such a height, would have been suicidal. It was only after a thorough search, that Hamza was found hiding in the ceiling of his room, cowering like a trapped mouse. The officials had noticed that a part of the ceiling in his room was suspiciously sealed. Apparently the 3 hours stand off was used to try to either escape or hide. Most likely also the time would have been used by the husband and wife duo to either hide or throw away some incriminating evidences too.

The search of the apartment by the anti-graft personnel, discovered a fireproof safe which had many charms and talisman inside, which Hamza claimed were his 'prayer objects'. See the picture above.

According to the investigations by the EFCC, it has been discovered that Mompha and his pal, Hamza are highly valued targets of the OCSN which is the Organized Cyber Syndicate Network. Between the 2 of them alone, they have used 3 firms, namely Ismalob Global Investments Ltd owned by Mompha and Hamza's 2 companies namely THK Services Ltd & CHK Properties Ltd via which they laundered N14 & N19 billion Naira respectivel, totalling N33 billion all together.

It has also been discovered that Mompha alone operates 51 bank accounts in Nigeria alone via which he does his money laundering runs. He apparently undervalued the cost of the 5 watches seized from him at his arrest, which he claimed were about N20m, but has since being discovered to be more like N60m. Like we had written in one of our earlier reports, these 5 seized are some of the cheapest in his collection. He has about 3 not part of the ones seized whose value can never be less than $600,000 dollars that's atleast N200m Naira, his 2 Richard Milles alone that's the Yohan Blake & Felipe Massa are about $400,000 dollars. See the picture below, the one on the left alone is limited to only 100. Imagine that Mompha and wife have a his and hers of such a watch. And that's not the only his and hers they own. Forget about the Rolexes that he, his wife and their children all have. The Audemars Piguet Royal Oak Skeleton double balance wheel below could go for between $100,000 to about $250,000 depending. Even his son owns a made to size AP Royal Oak. So his watch collection could be worth not less than $2 million dollars alone.

From our own underground investigation, Mompha's rise to stardom or fame couldn't have begun further than 2015. According to the underground gist, his well known 'designer loving friend' who was actually 'deported' or had relocated from Malay like they call Malaysia was the one who did the connect. It was this friend, who introduced him to what is now called the G business or that helped to make him a G-boy. He being a Bureau de Change owner, a business he had inherited from his late dad and was running at his pace, was the perfect cover. Apparently he fell in love with the quick, supposedly good money and the rest is now history.

According to the gist, even as his now estranged friend is a lot louder than him, Mompha is supposedly more well to do (richer) than the one that introduced him to the job. According to those who might know, HP the former friend of Mompha might all be more clothes and mouth, than substance-Mompha.

EFCC CONFIRMS THE ARREST OF MOMPHA, PROBABLY AFRICA'S WEALTHIEST DUDE IN DUBAI

Mompha with EFCC

Mercedes G wagon 

Rolls Royce 

Orange McLaren 

Yellow Ferrari 488 Spider 

Rolls Royce Wraith Eagle VIII

The 3 watches here are close to $2,000,000

The EFCC, Nigeria's foremost anti-graft organization have finally confirmed that the Nigerian but Dubai based big boy and social media sensation, Ismaila Mustapha aka Mompha is in their custody. With that confirmation, it lays to rest the thought that the arrest was affected by Interpol.

Speculations had been rife in the wake of the dude's arrest that he was in the custody of Interpol, which they later debunked. But the EFCC have now confirmed that the rich dude's eventual arrest was facilitated by the collaboration of the 2 organizations (EFCC & Interpol.

Mompha had apparently been under watch for a while and maybe he got an inkling, he could be arrested in Dubai, so he escaped somewhat to Abuja, Nigeria. Where he was apparently traced. He had landed in Abuja, Nigeria and showed off on ig in one of his last posts as having arrived or landed safely in the Federal Capital as sky lord. He was allowed to do whatever it was he wanted to do in the town, it was afterwards when he was on the plane to fly away back to Dubai that he was then arrested. And he has been in incarceration since then.

On him at the time of his arrest were about 5 very expensive watches with a conservative estimate of about 20 Million Naira and it could be far more than that. There was a Rolex Oyster Perpetual in stainless steel and gold, same type as owned by his kids too, and then at least about 2 Audemars Piguet Royal Oaks, one of which was all gold and 2 other watches. Though the EFCC have not been too forthcoming as per the reason or reasons for his arrest, they were not shy to allege that it was not unconnected to graft. Some have even speculated though that it might have been connected to a fraud of about $5million dollars (not confirmed).

One of the major reasons why Mompha might have come on the radar of the international police and even the EFCC might have been because of his super extravagant lifestyle. You claim to own a bureau de change, but the kind of money you flaunt on thr social media is so extraordinary, that it couldn't have been just a BDC business that could have brought such kind of money in. At least in this dude's garage right now are about 5 cars said to be worth in excess of ($1,763, 326 million dollars alone), that's about at least (N634,797,360 million NAIRA), that's very close to a billion Naira. And that's for just 5 cars alone. Those cars includes a $450,000 valued Rolls Royce Wraith Eagle VIII, one of the only 50 of such a car that would ever be available in the world. It is claimed that he is the first and only African yet, to have bought one that alone at N180m. Then there's the Lamborghini Aventador, not to talk of the Ferrari, McLaren and other humongous cars.

Just imagine that the boastful dude had alleged owing at least 50 of such state of the art cars which would have meant the value of his cars alone, would have been in the excess of N5 billion Naira. If just one man can own cars, worth about 5 billion Naira or more, then just imagine the value of his very many wrist-watches 5 of only which were valued at more than N20M Naira only. His collection of Richard Mille alone cannot be less than $1.5m dollars, when one of his favorite alone that's the 'Richard Mille Yohan Blake 59-01 Tourbillon' cost just $620,000 that's just about N223,200,000 and it could be more, especially if its the one that which has only 50 of it made in the world. So his 2 Richard Mille watches alone is about N500 million Naira.

Mompha is so staggeringly wealthy that even his kids have their own Rolexes and AP's made to size. What this stupendous wealth actually points to is that maybe Mompha is the nos 1 BDC owner in the whole of the emirate, maybe the preferred one for even the Emirati most elite too. A conservative estimate of Mompha's wealth would say he could be worth from between $50 to $150million dollars.

From what the EFCC have now alleged, Mompha apparently wasn't just operating a BDC in Dubai and wherever he might have his branches, he was actually just using the BDC as a cover to do far more clandestine but shady shit. So now that he has been arrested, we hear he is already being very cooperative. 

WALTER WAGBATSOMA GETS SLAMMED IN LONDON FOR 3 YEARS!

Walter WAGBATSOMA

Most often it's far better to stay at home and weather the storm, then to jump ship thinking one has escaped then you get swamped where you have gone and then the hammer falls and you can't escape no more.

One that tasted that kind of soup before was none other than the former very influential Governor of Delta State and ex-felon James Onanefe Ibori, who had escaped Nigeria to Dubai, the UAE only to get extradited to the UK to face the long arm of the law and then be dumped in Jail for several years for what he could probably have escaped in Nigeria if he had stayed put!

Facing the slammer/jail for 3 years and 6 months now, after being convicted on money laundering charges in far away London in the United Kingdom is none other than oil and gas magnate and big boss at Ontario Oil, it's none other than Mr. Walter WAGBATSOMA!

Not only would he be wearing the designer outfits made specifically for prisoners in the UK, he his also disqualified from being a company director for 6 years!

According to the gist, funds obtained fradulently in the UK were first laundered through a Dubai account under the control of a UK national by name Oluwatoyin Allison, who was tried and convicted in absentia and sentenced to 7 years in the slammer. From Dubai, the funds were subsequently transferred to Walter's UK account!

Oluwatoyin Allison was just one out of many that were involved in this crime of money laundering and fraud, a 13th defendant was also convicted recently too by the Leicester Crown Court.

The investigation into the case was conducted by Lincolnshire Police Economic Crime Unit under Operation Tarlac, in which over £12m was defrauded from public bodies including hospital trusts, housing associations and councils around the UK.

Walter Wagbatsoma, 47, was originally detained on an European Arrest Warrant in June 2016 whilst travelling through Germany. He was extradited soon afterwards and charged with conspiring with others to launder the proceeds of fraud through his business interests in the UK.

Wagbatsoma, was on trial in Nigeria at the time of his arrest for his part in a £1.9 billion oil subsidy fraud for which he was later convicted and sentenced in absentia to 10-years imprisonment in January last year.

This is the third criminal trial for this operation and follows the successful conviction of 12 other defendants in the investigation which began with a complaint of fraud from Lincolnshire Partnership Foundation Trust in September 2011, in which £1.28m was fraudulently obtained by the gang. Subsequently, a further 20 linked offences was identified resulting in losses of up to £12.6m.

After a four-year investigation, those convicted have received prison sentences in excess of 50-years and proceedings are underway to recover the gains of the conspiracy under the Proceeds of Crime Act. This is to make sure that victims can in some way be recompensed for what the Judge described as a “sophisticated and widespread fraud in its conception and execution.”

Deputy Chief Constable Craig Naylor said: “For a small force, this investigation shows that officers in our Economic Crime department have shown real endeavour and determination in investigating what is a huge money laundering and fraud offence.

“Operation Tarlac has now seen thirteen individuals given lengthy prison sentences for their part in an international offence, which has had a national impact on public bodies in the UK. As a force, we have achieved a significant impact against organised crime in this investigation and this shows the hard work by our officers.

“Proceedings are now underway to recover a large amount of money, and I want to personally thank partners for their support and co-operation with us in this investigation and congratulate my officers and staff on a job well done.”

BANKE MESHIDA LAWAL & THOSE HELPLESS GIRLS!

We had heard about this story, but had thought to let it be as we felt that the whole imbroglio might have been a storm in the teacup that would be resolved very easily and quickly, so that all would go their ways and bygones would have just been bygones. But alas instead of that to have been the case, the whole thing just escalated further and degenerated to a very fiasco!

Banke Meshida Lawal, is the boss at BMPRO, which is probably one of the biggest names/brands in her line of business. She's the make up artist on speed dial to the celebrities and stars worth their salts, as she doesn't come cheap at all.

Her 2 combatants were her own former staff members- Damilade Williams & Annabelle Warrie, who according to the gist felt they had done their bits, after a combined 12 years (7 & 5 years) experience working for Banke and could now become independent, maybe they were 2 of her best.

Apparently seeking for independence didn't go well with their boss or maybe there were some unresolved rancour already festering which weren't spoken of or addressed before they left, the next thing was that both were accused of ₦28 million Naira fraud/theft! Twenty what millions? Over how long?

The first thing to ask is, how come that colossal amount was left just laying around just like that? If the deed wasn't perpetrated in one fell swoop, how come it took getting to that massive level before the internal mechanism set up against such from happening didnt pick up on it earlier until it became Twenty plus millions?

How come it was after these duo had left, that such discovery was made? Not just that alone, both were immediately arrested and then thereafter were tricked as they were transferred immediately to Abuja? Is it that the Lagos arm of the police as a whole, was incompetent to be able to handle that little case of alleged misappropriation?

Loads of questions have flashed through our mind that has begged for some answers, but that has remained unanswered. Access to the 2 was denied while in detention, and even their boss who made sure they were arrested had remained taciturn.

Imagine that in late September of 2017 after their cordial resignation, the police visited the duo's home in Surulere to affect the arrest of the 2 on a petition by Mrs. Lawal alleging that both "had profited from their former company's brand and diverted the company's funds to their personal accounts.

The allegation was that they had used the company's brand to collect businesses for themselves, where payments were made, such was not remitted to the company and jobs were not executed, so the clients that had supposedly paid were very angry.

So the Police visited the duo's home & met only one of them, whose arrest or invitation they made, to answer to the allegations, she couldn't go home that they as she couldn't make her bail. The other lady later cane too, to make her own statement too. It was after this that the police drama began. From Onikan to Alagbon and before they knew what was happening off to Abuja, after the Police had lied that they were being transported back to their Surulere Lagos home!

In Abuja they were further detained for more days, but by now the allegations had changed again, has it had to be reconstructed! But why did the Police lie, when they could have just said they were transferring the duo to Abuja? Also were they already convicted by any competent court of law, for them to have been tagged "criminals" at the airport by the police as they were being transported to Abuja?

The question to also ask is this, it's obvious that they were going to be "taught a major lesson they would never forget in their lives for both "conniving to leave together" at the same time, to unite to form their own company". Maybe they were both 2 of the best hands, who had also gained a massive followership while at BMPro and even after leaving were still getting jobs from their former customers at BMPro. But "why kill a mosquito or mosquitoes with a sledgehammer"?

Could the girls have done various deals? O yes they could have and most probably have done some before, but ₦28 million Naira?????? They would have had to do ₦500000 job 56 times to accumulate such. If that be so, over what length of time was these diversions, misappropriation, fraud, theft perpetrated?

Another question to ask is, were the Police able to trace that ₦28 million to the accounts of the duo? Who were these clients that were swindled and didn't get value for their monies and therefore were very angry and so wanted their pound of flesh? 

DAMMY KRANE BEATS FRAUD CASE IN THE US....

After the very long wait which seemed like eternity and that was accompanied with trepidations of fear, that anything could happen in his case against the state on the 9 counts allegations of fraud and grand theft, Nigerian beloved musician, Oyindamola Emmanuel Johnson Hunga aka Dammy Krane has beaten the fraud rap!

Although he had vehemently denied all the allegations from the very beginning, stating his innocence from the get go, many didn't truly believe him and most didn't give him any chance of beating the rap, so there was that trepidation of fear as many thought that nemesis might have caught up with the "innocent" dude. So, good for him, let him face the law for his "supposed" foibles. Some even went as far as saying categorically that he was a confirmed Yahoo boy!!!!

So it came as a major sigh of relief from all and then a spontaneous bust of deep rooted thanksgiving as the 9 charges, which had hung on the neck of the very talented star, like a hangman noose or like an albatross, were all quashed by the court at the resumed hearing. Judge De La O'Miguel who heard the case, struck out the whole charges and closed the case, effectively dismissing all charges against Dammy Krane. 

More after the break. 

DAMMY KRANE DENIES BEING A FRAUDSTER. "I DON'T DO FRAUD"



The super talented singer who was recently signed on to Davido's music empire from Hypertek Records, a label owned by Tuface Idibia has denied vigorously that he his a fraudster of any kind. In the same vein he went on to apologize for getting himself caught up in his present predicament.

After his arrest last week in Miami, by the Miami Dade County Police on various allegations of grand theft, credit card fraud, armed conspiracy, forgery and internet fraud, the dude is doing all he can to deny all of the allegations.

Speaking with NotJustOk TV in America, the singer said emphatically very that, "he does not do fraud and I do not partake in such activities". He went on to apologize to his family and fans for the mess.

Hear him- "I was arrested by the Miami Police Department for fraud". "I do not do fraud and I do not partake in such activities." It just happened that the agent booked my flight with fradulent cards. My life is all about my music and that's what I am all about. I am sorry I got caught up in this message. I assure all my fans that it will never happen again.

More after the break.

POPULAR CHURCH'S 4.8 BILLION DEVELOPS WINGS & DISAPPEARS. EVERYONE ORDERED TO KEEP QUIET!!!

How the fraud worth a colossal 4.8 Billion Naira was successfully executed is still baffling. Especially considering the amount involved and also because of the church involved, everyone has been ordered or instructed to keep mum. The aftermath of it was a curse placed on all Pastors in the fold who steals or defraud.

The actual act involved 4 Pastors of the very popular church and a bank manager of a very popular ''new generation bank'', where the MD was recently promoted.

Apparently the 4 pastors were able to come across the sort code and other information about the church accounts, and through their knowledge and the connivance of a willing bank manager were able to perpetrate their dastardly act successfully to the tune of 4.8 Billion Naira.

After the act had been committed and the colossal amount discovered, 3 out of the Pastors involved developed wings on their feet and absconded, while only one was caught and also the bank manager involved. Upon interrogation the bank manager not in any way remorseful at all, and not flinching only claimed to have done his job, because apparently the pastors were able to convince him using the recorded voice of the church overseer to give instructions to make payments (initiate transfers).

So because of the way and manner the act was committed, and also because of the ease involved in how the fraud was committed and the colossal amount involved, the church head had to give strict instructions that the matter be kept hush-hush.

WHAT'S THE TRUTH ABOUT BOLAJI ESHO'S PRESENT DILEMMA?

For many that might not know him, Bolaji Esho is the boss of Eldorado and a well recognized socialite based in Lagos, who at a point in time when all was going on well for him was a free spender, known to many of the praise singing musicians who couldn't stop praising his name to high heavens. But like the good saying goes ''What goes up, must surely come down'' it's like the bubble has bust now and things are not as rosy as they used to be sometime back. Especially in the days of Eldorado at the Elegushi Beach, at the height of the Malaysian boys when money was flowing like a waterfall and those boys were looking for entertainment and where to spend it. We heard one of the best places to go to then was Eldorado because of the unbridled fun they used to provide. 

Now it's like Bolaji Esho is leaving on past glory. There are 2 major dilemmas our glorified socialite is said to be facing right now; Firstly allegation of fraud against him amounting to about N48 million. He was said to have been picked up by the SIB unit of the Police about a fortnight ago to come explain his involvement in the alleged scam. Apparently a Malaysia based business associate of Bolaji by name Samson Ajani, alleged that he had given Bolaji Esho N48 Million Naira to help build a farm in Epe since 2012, but as at 2014 which is 2 years after, only a fence is what is available on the so called farmland. Apparently wanting Bolaji to give him back the bulk of the millions not used has become a major problem. The way we see it, it might be very hard for this money to ever be recovered. After his arrest and him giving his statement, stating his own part of the story, we hear that was released on bail and the case would be coming up in the law court sometime soon.

While grappling with the first dilemma above, which we hear he is doing all his best to sweep under the carpet or make disappear, another problem is said to have cropped up. This second dilemma has to do with the birth of what is supposed to be his 2nd born, his first born were a set of twins. 

MORE AFTER THE BREAK. PLS CLICK ON READ MORE BELOW

WEMA BANK PLC IN QUAGMIRE AS LAGOS STATE MONEY DEVELOPS WINGS

Though the amount in question is considered not to be a colossal one, just about N6.5 Million, yet it just shows how porous the anti-fraud security network of Wema Bank Plc is. If an amount running into 6 digits can just develop wings and do the Houdini.

The money in question belongs to a parastatal of the Lagos Government, the Vehicle Inspection Office (VIO). The money we hear is a collection of proceeds from fines imposed by the VIO & other payments by the office, between June & October of 2013. The phantom money disappeared from the Iponri branch of Wema Bank.

Apparently the account discrepancies was noticed after the VIO account department had done a reconciliation and to their shock the said amount that should be in their account had gone missing; so the alarm was raised.  The VIO office immediately demanded an investigation on their account with WEMA Bank and from the subsequent investigation, the man with the supposed magic wand (hands) turned out to be a Mr. Olakunle Olatunbosun, a teller at the bank who had been employed into the bank just 2 years before the incidence and had been transferred to the Iponri branch just a year ago.

In the course of the investigation by the panel set up by the bank, a staff of the VIO, Lateef Goloba, who works in the account department and who was directly in charge of the money deposited was able to show that he was not culpable. While Lateef Goloba, deposited the funds and got his customer's tellers duly stamped, the teller in charge, Mr.  Olakunle Olatunbosun, did not stamp and file the bank's control copies. So money was duly deposited but was not accounted for by Olatunbosun.

Working on the theory that the fraud must have been perpetrated and successful due to the active connivance of the 2 directly involved with the money, the panel set up to investigate the matter showed that Lateef Goloba was faithful in his work as he duly deposited all the funds and had evidence to show for it, only Mr. Olatunbosun couldn't account for the monies paid to him and was found culpable. So Wema Bank agreed to refund the stolen money and then Mr. Olatunbosun was sacked and handed over to the police. The bank in going further also reprimanded the supervisor in charge of Olatunbosun's department for condoning lapses and for not being alive to his duties and recommended that the staff members in that branch would forgo promotion no matter how fantastic their appraisal for one year.

NTDC DG & OTHER TOP EXECUTIVES FACE FRAUD ALLEGATION

It's not the best start that anyone would have envisaged for the very beautiful new Director General of the Nigerian Tourism Development Corporation (NTDC). Not only is the new DG beautiful, she's also very brainy and hard working at that. 

Now after only just a few months at the helms of affair of the tourism corporation, where we hear she's doing a marvelous job already, she and a couple of top officials of the organization have been placed on a travel ban, pending an investigation into alleged fraud. 

The fraud been investigated is to the tune of N270 Million Naira and it was raised in a petition by a concerned staff of the same organization, who raised eye brows  he felt there was hanky-panky  involved in what was been tagged out of budget expenditures. 

Under investigation as we speak are about 6 top officials of the corporation including the DG & the CSO, all are said to have reported to the EFCC already and have been granted administrative bails after initial questioning. 

In the course of investigation some little dust has been raised especially as concerning the CSO of the Corporation, whose official car has been impounded pending proof of innocence.