Providus Bank Limited, its representatives, and another commercial bank are the subject of an ongoing investigation in Abuja, according to iReportnews Media, about an alleged N1 billion fraud scheme.
The probe was prompted by the transfer of approximately N1 billion to suspected criminals via banks by Shamsudeen Ahmed, an Abuja bureau de change operator.
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According to reports, these thieves promised to deliver Ahmed $1 million from Dubai, but the funds vanished for no apparent reason.
After the suspects gave the bank employees three account details where Ahmed made the payment, detectives are now investigating the bank employees’ role in the unauthorized transfer of the funds. It was then discovered that the suspects had planned a fraud.
The complainant claimed that on December 8, 2023, he was contacted by the suspects, Gambo Dahiru, Ibrahim Mohammed, Shaibu Mohammed, and Francis Azubuike aka Frank. They tricked him into thinking that there was a real $1 million up for sale from Dubai, United Arab Emirates, in which he innocently expressed interest, according to a petition written on the complainant’s behalf by Anthony Odule and addressed to the Inspector General of Police.
“Our client indicated that the suspects provided the following account details:” the petition claims. The complainant paid in N830 million, N330 million, and N10 million to the following accounts: Ushaib Global Investment Limited, account number 5400393231, domicile in (Providus Bank); Yadiz Oil and Gas Plc Nigeria Limited, account number 5404168804, domicile in (a third-generation bank); and A&M. Technology Red Set, account number 5404168804, (Providus Bank).
According to our client, the preliminary investigation revealed that the suspects had colluded to steal our client’s hard-earned money since they did not have any money to pay our client and instead divided it amongst themselves.
“Our client indicated that the suspects provided the following account details:” the petition claims. The complainant paid in N830 million, N330 million, and N10 million to the following accounts: Ushaib Global Investment Limited, account number 5400393231, domicile in (Providus Bank); Yadiz Oil and Gas Plc Nigeria Limited, account number 5404168804, domicile in (a third-generation bank); and A&M. Technology Red Set, account number 5404168804, (Providus Bank).
According to our client, the preliminary investigation revealed that the suspects had colluded to steal our client’s hard-earned money since they did not have any money to pay our client and instead divided it amongst themselves.
The bank is in a position to stop this fraudulent activity, but they haven’t.
Police sources claim that while six suspected fraudsters have been detained and have returned some of the stolen monies, detectives have been interviewing bank personnel.
Efforts to establish communication with the banks proved fruitless, since calls to their Head of Corporate Communications were not returned.
