UBA BOILS OVER N2 BILLION NAIRA ONDO STATE FRAUD UNDER AGAGU +Why EFCC Should Probe The Bank

As the Government of President Muhammadu Buhari begins transformation of troubled Nigeria’s economy, it is also pertinent that he looks deeply into the incessant fraud happening in one of Nigeria’s most fraudulent financial institutions, UBA. READ DETAILS OF PHILLIPS ODUOZA’S ROMANCE WITH GENEVIEVE NNAJI The current nefarious activity hanging on the neck of the Phillips Oduoza’s led-troubled financial institution is the multi billion naira money fraud perpetrated in Ondo State by late former Governor of the State, Olusegun Agagu. The report is messy, but we bring it to you here unedited as reported by the original writers…See below… One of the top staff at the Phillip Oduoza-led mega financial institution, United Bank for Africa, Mr. Lawrence Ehindero has been answering questions from detectives attached to the Ondo State Police Command, Akure to explain what he knows about some fraudulent dealings and illegal withdrawals from a fixed deposit account of N2billion belonging to the Ondo State Government According to sources, Mr. Ehindero who’s UBA’s Regional Manager, Ondo/Ekiti States has been questioned severally over the mega fraud and we gathered the police are closing in on the culprits and might be arraigned as soon as investigations are concluded. We gathered reliably that, some of the bank’s top staff have been operating an account belonging to the Ondo State government without prior knowledge of the State executive to the extent that, millions of Naira were withdrawn before bubble burst recently. READ ABOUT HOW ADULTERY WRECKED PHILLIPS ODUOZA’S HOME CLICK HERE Tracing the genesis of the monumental fraud that’s presently rocking UBA, almost to its very root, we gathered the money, about N2billion (Two Billion Naira Only) was lodged in two separate accounts with the bank’s Alagbaka quarters, Akure branch, in form of fixed deposit investment, by the immediate past governor of the State, Dr. Olusegun Agagu but because the transition between Dr. Agagu and Mimiko was not smooth and official, the incoming governor then, Mimiko didn’t really get wind of the investment thereby giving a leeway for the alleged fraud by the set of “smart bankers’ It would be recalled however that, the immediate past governor of the State, Dr. Agagu had to flee the State hurriedly owing to circumstances surrounding Mimiko’s emergence, and this did not permit the official hand-over, so many properties such as cars and other assets, belonging to the State were said to have been converted to personal use by the former governor and some of his aides. This office was told that, the bank’s management led by one Deolu Olugbenga (formerly the Regional Head), Kemi Johnson (former Business Manager, Akure) and co were said to have kept mum on the status of the investment when the new administration assumed office, and to the chagrin of the State governor, the bank was said to have bailed out the State by giving it a loan of N500m with heavy interest charges sometime ago before the bubble eventually burst. http://perfectbrandsng.com/uba-boils-over-n2-billion-naira-ondo-state-fraud-under-agagu-why-efcc-should-probe-the-bank/