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WEMA Bank In Bribery Scandal As Police Charge Official To Court

The report signed by the Commander of Area G, Lagos, ACP Ibrahim Zungura, said multiple fraudulent transactions were carried out through the account.

by Intercept Nigeria
June 29, 2022
in Banking
WEMA Bank In Bribery Scandal As Police Charge Official To Court

WEMA Bank In Bribery Scandal As Police Charge Official To Court

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A scandal of monumental proportion has reared its head within the top echelon of WEMA Bank Plc as the police have charged one Ojo Oladipupo, Chief Security Officer of Wema Bank Plc, to court for attempted bribery.

He was accused of offering a policeman, ASP Jonathan Egwemi (A/P No: 143699), monetary reward in order to stop him from carrying out a detail investigation into the fraudulent and money laundering activities of the bank.

The charge read “That you Ojo Oladipupo “M” and others now at large on the same date, time and place in the aforementioned magisterial district did intentionally attempt to offer the station officer A/P No: 143699 ASP Jonathan Egwemi monetary reward in order to reframe him from carrying out a detail investigation into the fraudulent and money laundering activities of your organization i.e WEMA Bank Nigeria Plc and thereby committed an offence contrary to and punishable under section 64 of the criminal laws of Lagos State of Nigeria,” one of the charges read.

The report signed by the Commander of Area G, Lagos, ACP Ibrahim Zungura, said multiple fraudulent transactions were carried out through the account.

It would be recalled that the police in its report exposed how Wema Bank Plc offered bribe to the police officer investigating the N1.7billion illegally moved to account number 0122367964 domiciled in the financial institution and operated by one Isaac Adewole, a pastor of the Redeemed Christian Church of God by top officials of the bank.

WEMA Bank In Bribery Scandal As Police Charge Official To Court
WEMA Bank In Bribery Scandal As Police Charge Official To Court

The Wema Bank staff members fingered in the fraudulent activities are the bank’s Executive Director, Wole Akinleye; Head of Cooperate Banking, Emmanuel Edah, and Head of Oil and Gas, Kingsley Ananwude.

The report signed by the Commander of Area G, Lagos, ACP Ibrahim Zungura, said multiple fraudulent transactions were carried out through the account.

 “The culpability of WEMA Bank officers was further confirmed when the officers allegedly tried to bribe investigating officers with large envelopes that contained money.

“The officers declined the bribes but the Bank persisted. The officials spent time begging and persuading the investigating officers to drop the case. The Executive Director of the Bank, Mr Wole Akinleye, was also invited and he tried hard to derail and stop the investigation.

“He also wrote a letter to ask that he be exonerated from the case when it was clearly established that the bank could not explain the transactions, that the movement of funds was a form of stealing from the bank which is sometimes referred to as ‘pay off source’.

“This is shown by the facts that the funds deposited were not removed in that order or in the sums deposited but carefully removed in different tranches as it is shown on the account statements.

“For his own part, Mr Adewole refused to cooperate with the investigations but instead did everything he could to assist the bank in covering up,” the report exclusively obtained by SaharaReporters read.

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Comments 1

  1. Muhammad M Ari says:
    3 years ago

    I have a pending transaction with Wema Bank for over a week or two. I’m coming to believe that there bunch of fraudulent officials harboured by the bank.

    Reply

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