x

Tony Elumelu implicated in N41 bn NITEL fraud

By Lawrence Ekwonu

Tony Elumelu, former Managing Director of the United Bank for Africa (UBA), Chairman of the Tony Elumelu Foundation and the heirs Holding group, has been indicated in a N41 billion naira fraud, when he was the Managing Director of the bank.

According to the Senate Commitee Chairman on Ethics, Prividleges and Public Petitions, Senator Ayo Akinyelure, ”the N41billion alleged fraud was commited against the defunct Telecomunications compoany and National Carrier, NITEL”

Acoording to the SenatorAyo Akinyelure, ” the said sum was withdrawn systematically from NITEL for nine years under Tony Elemelu watch and two other former Managing Directors of United Bank for Africa.

According to the Senate, United Bank for Africa withdrew the whopping N41 billion from the N42billion the liquidator of the defunct government owned telecommunications company deposited with the United Bank for Africa after being sold to MTEL by the by the Bureau for Public Enyterprise.

Acting on a petition a petition by counsel to NITEL, J.U Ayogu and Co, the Senate Commitee has summoned the Group Managing Direct( GMD) and Chief Executive Officer, CEO of the United Bank for Africa, Kennedy Uzoka to appear before the committee on August 5, 2020.

Senator Akinyelure disclosed that United Bank for Africa made several unathorised withdrawals from the accpunts of the liquidated Telecomunications companies at four different times by systematically stealing whopping sums in billions.

SenatorAyo Akinyelure stated that the petition revealed United Bank for Africa’s withdrawal of N29 billion, N1 billion and N22 billion intermittently for the nine years without authorisation

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Scrabble Stars Battle for N10m at Gov. Diri Championship

By Amgbare Ekaunkumo, Yenagoa Top Scrabble players from across Nigeria...

Northern CAN Leaders Visit Benue, Reject ‘Herders-Farmers Clash’ Narrative

...Pledge sustained advocacy...“Your presence is Christ sitting with us”...

Expect More Development — Gov. Aliyu Assures Sokoto Residents

By Muhammad Ibrahim, Sokoto Governor Ahmed Aliyu of Sokoto State...

We Have Brought Inclusive Development to Plateau — Governor Mutfwang

By Israel Adamu, Jos The people of Plateau State made...

NYSC Is the Thread Binding Nigeria’s Diversity” — Gov. Diri

By Amgbare Ekaunkumo, Yenagoa Bayelsa State Governor, Senator Douye Diri,...

What’s the Best Age for a Man to Get Married? Here’s What We Found

Marriage is one of the most significant milestones in...

Nurses Suspend Nationwide Strike – Health Minister Confirms

The National Association of Nigerian Nurses and Midwives has...
spot_img

Related Articles

Popular Categories

spot_imgspot_img