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Exposed: Fidelity Bank, Others Enmeshed In Massive Fraud

Fidelity Bank

Fidelity Bank may raise $500m in international market

…As UK Based Investigative Agency Expose NIMASA Boss

Fidelity Bank has been indicted in a corruption scandal involving the Managing Director, Nigeria Maritime Administration, and Safety Agency, NIMASA, Bashir Jamoh, of N1.5 Trillion and another $9,557,312.50 in personal accounts.

According to a Global Investigations detective agency & private Investigators Service based in UK, N1.5 Trillion was found in a Fidelity Account 4020949836 linked to Bashir Jamoh, who is also the father-in-law of Sabiu Yusuf aka Tunde, President Muhammadu Buhari’s Personal Assistant.

Furthermore, Point Blank News investigation revealed that a Fidelity account with N1, 505,890,450,000.67 has Hamza Ibrahim Jamoh with BVN   22151837650 and Cell phone number 08034517410. While the BVN number revealed a different identity, the cell phone linked to the account is linked to the DG of NIMASA, Jamoh, according to Pointblanknews.com investigations.

Exposed: Fidelity Bank, Others Enmeshed In Massive Fraud-Brand Spur Nigeria

The N1.5trillion was after few months cleared from the account to avoid investigations on the lodgment of such a huge amount.

According to Point Blank News, a four-page document titled ‘Due diligent report on Bashiru Yusuf Jamoh, the Director-General NIMASA exposed another lodgment of $9,557,312.50 into Access Bank account 0710814478 also belonging to him.

The UK-based Investigative agency that signed the report investigated the bank transactions of Alhaji Jamoh focusing on inflows/Credit and Debits on his bank statements.

It found the transaction’s records of BASHIR YUSUF JAMOH showing the payment of $9,557,312.50 (Nine million, five hundred and fifty-seven thousand, three hundred and twelve dollars and fifty cents) into his personal accounts from Central Bank of Nigeria (CBN) in violation of the Treasury Single Account, TSA.

“Most baffling is that CBN transferred millions of dollars into the personal account of BASHIR YUSUF JAMOH.

“Records shows the withdrawal of $5,425,200.00 (Five million, Four hundred and twenty-five thousand and two hundred dollars only) by cash withdrawal from Access Bank, Burma Road, Apapa, Lagos.

“BASHIR YUSUF JAMOH set up a company TALENT EXPERTISE INTL. LIMITED with RN: 1488830 to solicit for jobs from NIMASA. Being the director of a company and awarding contract to own company in violation of the code of conduct act section 3 part of the Third Schedule of the 1999 constitution of the Federal Republic of Nigeria and code of conduct for public officers involved in procurement, Part X1, section 57, Sub-section (2) of the Procurement Act, 2007.”

The UK group said with reference to the allegations against Bashir Yusuf Jamoh, it is important that he be suspended from office immediately, and forensic audit carried out on the financial activities of NIMASA.

“We recommend that a panel be set up to look into the accounts of NIMASA CABOTAGE 2% SURCHAGE account Number 56595 with ACCESS bank. Also, to ascertain reasons why NIMASA is still using Commercial] Banks to receive funds instead of the TSA with Central Bank of Nigeria.

“The Governor of Central Bank of Nigeria, Godwin Emefiele should be invited by Security Agencies to give reasons why payment of such huge amount was paid into Bashir Yusuf Jamoh’s account.

“We also recommend that Bashir Yusuf be prosecuted for financial crimes and money laundering as established by our investigations.”

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