Tuesday, May 11, 2010

FRAUD IN ECOBANK:
N108 MIOLLION MISSING IN CUSTOMER’S ACCOUNT
One of Nigeria’s leading banks, Ecobank has been allegedly involved in fraud due to a customer’s missing money that amounts to N180 million.
The Customer, Matrix Energy Nigeria Limited operates three different accounts with Ecobank’s Adeola Odeku, Victoria Island, Lagos branch since 2007 and has been a regular customer until the alleged fraud that claimed its savings.
The Alhaji Abdulkarbi Aliu-led Matrix Energy Limited noticed strange phony charges which was discovered illegal and sought the assistance of a financial consultant who unraveled the fraud and promptly reported the case to the Adeola Odeku branch and Ecobank head office.
The fraud was alleged to have involved the branch manager, the account officer and the Matrix Energy Accountant who within August 2007 and December 2009 charged Matrix Energy Limited a sum of N108 million as services charges on transactions.
Impeccable sources divulged that Alhaji Aliu personally wrote a letter to the branch manager of Ecobank over the missing money to schedule an appointment, but was turned down until there was an issue of missing money at Matrix Energy Limited when the accountant was handed over to the police and who later divulged the names of those who he has been using to perpetrate the misdeeds.
Those who should know revealed that for the case not to become a public notice, the branch manager of Adeola Odeku, Victoria Island wrote a letter to Alhaji Abdulkarbi that the he has some money to refund, but not the amount mentioned in the letter by Matrix Energy Limited Management.
The account officer of Matrix Energy Limited, who is a staff of Ecobank was said to have been arrested by the police, and he was alleged to have mentioned the name of the branch manager as the mastermind behind the phony charges or the company’s transaction.
On April 10, 2010, Ecobank official wrote a letter to Matrix Energy Limited, admitting the irregularities in the accounts by its branch, but however disagreed with the figure being demanded. Ecobank was said to have offered to refund a sum of N14 million instead of the N108 million demanded for by Matrix Energy Limited as the missing money in its accounts.

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