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Exposed: How UBA top officials allegedly stole £138,924 from international Airline Accounts

by Leading Reporters March 24, 2025
written by Leading Reporters

Four United Bank of African (UBA) staff have been allegedly arrested for stealing £138,924 (over N270 million) from international airlines’ accounts.

CSP Benjamin Hundeyin, the command’s public relations officer, made this disclosure in a statement on Monday. Though the police did not reveal the name of the bank, an investigation by The Witness revealed that the suspects are employees of UBA Plc.

Also Read: Breaking: CBN sacks Deputy Governor’s aide Olakunle Abiola for certificate forgery

“The suspects conspired to siphon funds from UBA domiciliary accounts into personal accounts before redistributing them to multiple destinations,” Hundeyin stated.

“The fraud was uncovered when the UBA detected unauthorized transactions and alerted the police.”

Providing details of the arrests, Hundeyin said, “Subsequent investigations led to the arrest of the following suspects: Shuaib Oluwatobiloba Olaleye, male, aged 27, was arrested on March 12, 2025, in Ogun State. A Toyota Camry 2012/2013, suspected to be a proceed of the crime, was recovered from him.

“Oladunjoye Adegoke, male, aged 33, was arrested on March 13, 2025, in Victoria Island, Lagos. “A Toyota Camry (Pencil Light), suspected to be another proceed of the stolen funds, was also recovered.

“Further investigation led to the arrest of Austin Alfred, male, aged 38, the Supervisor of the bank’s Trade Services Department, and Jude Uzobuaku, male, aged 36, a processor in the same department. Both facilitated the illegal transfer of funds to foreign accounts.”

Police investigations revealed that the stolen funds were initially funneled into an account belonging to one of the suspects before being distributed to multiple other accounts to evade detection.

Authorities are now working to identify additional accomplices and recover the remaining funds.

“The suspects are in custody and will face prosecution as the investigation continues,” CSP Hundeyin stated.
Meanwhile, the police have urged the public to report suspicious financial transactions, reiterating their commitment to tackling economic crimes.

March 24, 2025 0 comments
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Headlines

Breaking News: Wike Revokes PDP Secretariat Land in Central Area, Abuja

by Leading Reporters March 18, 2025
written by Leading Reporters

In a stunning move, the Federal Capital Territory (FCT) Minister, Nyesom Wike, has officially revoked the land allocation for the new Secretariat of the People’s Democratic Party (PDP) in the Central Area of Abuja. The decision, announced earlier today, is expected to have significant political and administrative repercussions.

Political analysts have suggested that the move could signal a deepening rift between the ruling administration and the opposition party, especially as the 2027 general elections approach. It remains unclear what legal recourse the PDP will pursue, but the political landscape in Abuja is likely to be further complicated by this latest development.

The FCT Administration has yet to confirm any plans for the reallocation of the land, but sources within the government suggest that the site may be repurposed for other public or developmental use.

As the situation unfolds, all eyes will be on the PDP’s next move, as well as the political implications of Wike’s decision on the upcoming electoral cycle.

According to a statement released by the FCT Administration, the land allocation for the PDP’s proposed new headquarters, which had been a subject of controversy since its approval, has now been rescinded. The Minister cited “inconsistent documentation and non-compliance with regulatory procedures” as primary reasons for the revocation.

Wike, who has been at the forefront of several administrative reforms in the FCT, emphasized that the move aligns with his administration’s commitment to transparency and the enforcement of land-use policies in the capital. “The decision was taken in the interest of the public good and to uphold the integrity of our land administration system,” Wike said in a brief statement to the press.

The revocation of the PDP’s new Secretariat land comes as a surprise to many, considering the proximity of the land to the heart of Abuja’s political and commercial districts. The PDP had previously lauded the land allocation as a major step toward consolidating its administrative presence in the nation’s capital.
In response, the PDP condemned the action, describing it as politically motivated and an attempt to undermine the party’s growth and operations. “This decision is an outright attack on the PDP and an attempt to stifle the opposition in the country,” the party said in a statement, vowing to challenge the revocation in court.

March 18, 2025 0 comments
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Tinubu
Headlines

BREAKING: Tinubu appoints Babatunde Ogunjimi as Accountant General of the Federation

by Leading Reporters March 4, 2025
written by Leading Reporters

President Bola Ahmed Tinubu on Monday approved the appointment of Shamsedeen Babatunde Ogunjimi as the new Accountant General of the Federation.

A statement issued by Tinubu’s media aide, Bayo Onanuga, said the appointment came “after a rigorous selection process.”

He said the appointment takes effect from March 7, 2025, the same day the incumbent AGoF, Oluwatoyin Madehin, is expected to retire.

President Bola Ahmed Tinubu on Monday approved the appointment of Shamsedeen Babatunde Ogunjimi as the new Accountant General of the Federation.

A statement issued by Tinubu’s media aide, Bayo Onanuga, said the appointment came “after a rigorous selection process.”

He said the appointment takes effect from March 7, 2025, the same day the incumbent AGoF, Oluwatoyin Madehin, is expected to retire.

“Ogunjimi, 57, was first named as Madehin’s successor last December.

“A selection committee later chose him through a competitive, rigorous, and merit-based process involving Directors of Accounts in the Federal Civil Service.

“The committee conducted the process through three stages: a written assessment, an ICT proficiency test, and oral interviews.

“The selection process underscores President Tinubu’s commitment to promoting transparency, excellence, and competence in key public service positions.

“Ogunjimi graduated from the University of Nigeria, Nsukka, in 1990 with a Bachelor of Science in Accountancy. He also obtained a Master’s in Accounting and Finance from the University of Lagos.

“He is a fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.

“President Tinubu congratulates Ogunjimi on his appointment and urges him to discharge his duties in the service of Nigeria with integrity, professionalism, and dedication,” Bayo said.

March 4, 2025 0 comments
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How Cardoso's boy in MINT Mustapha Oladeji Mohammed-Jimoh pockets N60m LR.jpg
Investigation

How Cardoso’s boy in MINT Mustapha Oladeji Mohammed-Jimoh pockets N60m leave allowance as a contract staff

by Leading Reporters February 28, 2025
written by Leading Reporters

The last may not have been heard about the untamed looting, fraud, reckless spending and illegality being perpetrated by “Cardoso boys” both in Central Bank of Nigeria and its sister company the Nigeria Security Printing and Minting Plc NSPMP, popularly known as MINT.  This time, a contract staff of MINT Mr. Mustapha Oladeji Mohammed-Jimoh was paid the sum of N60,000,000.00 (Sixty Million Naira) as leave allowance.

Also Read: Breaking: CBN sacks Deputy Governor’s aide Olakunle Abiola for certificate forgery

Mr. Mohammed-Jimoh who was employed as a contract staff in 2024 at the age of 64 years is currently cruising in the United States of America from the said money paid him at the instance of the Central Bank Governor, Mr. Olayemi Cardoso.

Our investigation revealed that in 2024, Mr. Mohammed-Jimoh was among those ‘pushed’ on MINT by CBN top management team.  During the interview, according to information at the disposal of LeadinReporters, Mohammed-Jimoh’s employment could not fly owing to his age.  He was 64 years old at the time he was interviewed.  Following the pressure mounted by the leadership of Central Bank of Nigeria, Mr. Mohammed-Jimoh was employed as a contract staff.

Part of his interview report read “Mr Mustapha Oladeji Mohammed-Jimoh has limitations.  He cannot be offered full-time employment as a public servant because of his age.  He is 63 years old and will be 64 by February 2024.  He was born on 19th February 1960.  In line with public service rules, you cannot employ a candidate over 50 years of age.  To be eligible for employment into the Federal Public Service, an applicant must not be less than 18 years of age and not more than 50 years of age. In line with both public service rules and MINT policy, he is above the statutory retirement age of 60 years.  He can only be employed as a contract staff”.

Also Read: Heartless Billionaires: How Dangote Rice, Bua Rice, Golden Agri Inputs Ltd, Wacot Ltd, others pocketed N5.7b meant for IDPs in North-East

But LeadingReporters investigation revealed that Mr. Mohammed-Jimoh enjoys all the privileges of a full public office holder and more, including being provided with lavish amenities.  A discreet source who spoke to LeadingReporters on condition of anonymity said that Mr Mohammed-Jimoh was specifically sent to MINT to amass money for his old age.  The source said he, just like other executive directors enjoy unhindered and easy access to MINT money, while the junior and intermediary staff live miserably.

“MINT pays the worse salary structure.  Worse working environment. You cannot talk about career growth in MINT.  The company is divided between the rich executive directors and the poor workers  The staff who create the wealth are paid peanuts, worse than their counterparts in other Central Bank of Nigeria-owned companies.  On the other hand, those in the executive director cadre enjoy lavish lifestyles and reckless spending that puzzles people.  Recall that it was in the same MINT that a managing director resigned to contest for the governorship election in his home state.  MINT has a notoriety of absurdity in management and reckless spending.  The peak of it started under the former Governor Godwin Emiefele and it has remained unchanged, if not worse under Cardoso.  We only have leadership that appeals to staff to endure but resort to lavish lifestyles themselves”.  The source said.

February 28, 2025 0 comments
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Headlines

Breaking: US closes embassy in Nigeria

by Leading Reporters February 16, 2025
written by Leading Reporters

The United States will close its Embassy in Abuja and Consulate General in Lagos on Monday, February 17, 2025, to mark Presidents’ Day.

The diplomatic mission announced that normal operations will resume on Tuesday, February 18.

A statement posted on X on Sunday by the diplomatic mission confirmed the closure and assured the public that normal operations would resume the following day.

Presidents’ Day is observed every third Monday of February in the U.S. to honour past and present leaders.

February 16, 2025 0 comments
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Nigerian Police to jettison any arrangement the cooperative has with the United Bank for Africa
Exclusives

Group calls on Nigeria police to pull out its cooperative account from UBA: Alleges backdoor arrangement that shortchanges the police officers’ fund

by Leading Reporters January 27, 2025
written by Leading Reporters
…… Nigerian Police to jettison any arrangement the cooperative has with the United Bank for Africa

A group, League of Patriots has called on the Nigerian President, Bola Ahmed Tinubu, the anti-corruption agencies, and other stakeholders to uncover the mystery behind moving the Nigeria Police Cooperative Society Limited’s account from First Bank of Nigeria of United Bank for Africa UBA.  The group said that while it is not illegal for a corporate government entity like the Nigerian police to move its account to any bank of its choice, it is an act of corruption if they are induced to do so.

The group called on the Nigeria Police Commission to move in and prevail on the leadership of the Nigerian Police to jettison any arrangement the cooperative has with the United Bank for Africa which currently manages the Nigeria police cooperative fund, over what it described as a corruption-laden arrangement that is shortchanging the police officers.  The group alleges that before the movement of the account from First Bank of Nigeria, UBA went into a devious backdoor arrangement with the then leadership of Nigeria police and made an irresistible offer to the police leadership at that point that culminated in the movement of the fund from First bank of Nigeria.  

Speaking during its monthly delegate meeting attended by delegates from Asia, America, Europe, and Africa, exclusively monitored by LeadingReporters, the group alleged that UBA prevailed on the then leadership of Nigerian police to accept a 5% interest rate for the cooperative fund on paper, while in reality, 7% was the agreed interest rate.  The group said that while 5% accrues to the fund as interest, 2% is fraudulently given to pacify those in the know within the police hierarchy.

League of Patriots is a group of Nigerian professionals at home and in the diaspora that promotes morality in leadership and accountability among elected or appointed leaders in Nigeria.  The group serves as a watchdog and offers creative support to Nigerian institutions for the greater good of nationhood.

“Today, the interest rate on that fund can be as much as 10%.  It is a public fund.  Why will the leadership of the Nigerian police in charge of the cooperative fund accept a 5% interest rate when they can get as much as 10%?  It goes a long way to tell you the behind-the-scene arrangement where individuals are reaping where they did not sow.

“We challenge Nigerian police to initiate and negotiate for a better deal with other banks as a way of proving us wrong”.

“The 5% interest is a hoax that enriches very few.  Let them allow other formidable banks to bid to be the cooperative’s banker.  We are certain they will offer a better deal than UBA.

The Nigerian Police Cooperative Society is believed to be the biggest cooperative society in Nigeria and in Africa.  It has a thematic objective of helping members of the police force and their family members to enjoy better warfare.

All efforts to reach UBA for clarifications on the allegations were unsuccessful as calls were not responded to.

January 27, 2025 0 comments
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Breaking: CBN sacks Deputy Governor’s aide Olakunle Abiola for certificate forgery LR
ExclusivesHeadlines

Breaking: CBN sacks Deputy Governor’s aide Olakunle Abiola for certificate forgery

by Leading Reporters January 24, 2025
written by Leading Reporters

The Governor of Central Bank of Nigeria, Mr Olayemi Cardoso has allegedly sacked Mr. Olakunle Abiola, aide to Deputy Governor of Central Bank Ms. Emem Usoro for falsification of National Youth Service Corp, NYSC certificate, LeadingReporters can authoritatively reveal.

A discreet CBN source who is in the know revealed that Mr. Olakunle Abiola, popularly known in CBN circles as Deputy Governor’s Henchman DGH was relieved of his duty upon discovering that his NYSC certificate was forged.

Although, it was learned that following the intervention of Abiola’s principal, Ms. Usoro, and to avoid being prosecuted, Abiola was said to have been given the option of resigning his appointment with CBN.

Mr. Abiola, prior to his shameful dismissal worked for United Bank of Africa, from where Ms. Usoro was said to have moved him to Central Bank of Nigeria.  An insider source said that Abiola had worked with the Central Bank of Nigeria before joining UBA and latter returned to CBN when his principal was appointed a deputy governor.  Others sources said that Abiola unceremoniously left CBN some years back when the bubble of certificate forgery first burst.

Years later, he returned to Central Bank of Nigeria with Ms. Usoro, who immediately promoted him from being her aide to an Assistant Director.

Olakunle Abiola was responsible for facilitating the employment of his old time friend Adesoji Ogungbesan.  Recall that LeadingReporters has previously published the backdoor arrangement that saw Adesoji Ogungbesan being employed as an Executive Director, Corporate Services in one of the Central Bank of Nigeria’s sister company, Nigeria Security, Printing and Minting Plc.  Mr. Adesoji was interviewed and recommended for the position of a senior manager only to end up as an Executive Director through a backdoor arrangement facilitated by Mr. Abiola and his principal, Deputy Governor Usoro.

January 24, 2025 0 comments
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Headlines

Again Kemi Badenoch: Nigeria where ‘terrible government destroys lives’ I don’t want Britain to be like ‘poor’

by Leading Reporters January 18, 2025
written by Leading Reporters

The leader of the United Kingdom’s Conservative Party, Kemi Badenoch has talked tough again, saying she does not want Britain to be like Nigeria, a poor country where terrible government destroy lives.

Making her first speech for the year, Badenoch said she hails from a poor country which was destroyed by actions and decisions taken by its leaders.

The Conservative Party leader said she would not want to watch Britain become like Nigeria, a country which she said terrible leadership has destroyed the lives and opportunities for its citizens.

January 18, 2025 0 comments
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Thailand announces e-visa process for Nigerians, Ghanaians, other nationals LeadingReporters
Headlines

Thailand announces e-visa process for Nigerians other nationals

by Leading Reporters January 2, 2025
written by Leading Reporters

Nigerian applicants seeking visa to Thailand can now apply for e-visa online, the Royal Thailand Embassy, Abuja, has said.  

The embassy said it no longer accepts physical applications. 

Apart from Nigeria, the new policy also applies to other African countries such as Ghana. Cameron, Benin Republic, Congo, Central African Republic, Equatorial Guinea, Democratic Republic of Sao Tome, and Principe and Republic of Chad. 

In a statement, the embassy said applicants must be residing within the aforementioned countries when applying for the visa. 

It explained that it had the right to cancel the visa applications of any applicant should such fail to provide the evidence of their presence within the aforementioned countries while applying. 

“Travel booking confirmation must be provided upon submission of your visa application. This includes return flight details showing applicant’s name, departure and return date, all flights en route from the aforementioned countries to Thailand. Upon receiving your application, it takes within 5 working days to get your visa. The processing time can take longer in certain cases,” the embassy said in the statement. 

According to the embassy, applicants are expected to apply at least four to six weeks before their travel date but not more than three months before departure date.  

It further noted that the visa fee was non-refundable regardless of the outcome, noting that the processing fee was prone to change without prior notice 

The embassy added that it reserved the rights to request additional documents, interview in person in Abuja, and amend visa categories as deemed necessary as well as reject any without prejudice. 

The embassy, however, advised visa applicants to provide genuine documents and information, stressing that actions would be taken if applicants provided false or fake information.

January 2, 2025 0 comments
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Employment scam in MINT: Group petitions CBN, National Assembly, CCB, others: CBN Deputy Governor Emem Usoro; her aide Olakunle Abiola indicted Leading Reporters
Investigation

Employment scam in MINT:  Group petitions CBN, National Assembly, CCB, others:  CBN Deputy Governor Emem Usoro; her aide Olakunle Abiola indicted

by Leading Reporters December 9, 2024
written by Leading Reporters

A pro-anticorruption and good governance group, Network Against Corruption and Trafficking, NACAT has petitioned the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, the House and Senate Committee Chairmen on Banking and other financial institutions, their counterparts in the Ethics and Privileges and the Civil Service Commission, requesting for an exhaustive review of the employment of the Ag. Executive Director, Corporate Services in the Nigeria, Security, Printing and Minting, Mr. Adesoji Ogungbesan.

In the petitions, exclusively obtained by LeadingReporters, the group appealed to the authorities to investigate an alleged back-door employment of Mr Adesoji Ogungbesan who was allegedly interviewed for the position of a Senior Manager, only to be appointed an Executive Director, against MINT employment and civil service commission laid down rules.

It was alleged that Adesoji Ogungbesan who previously worked with Sahara Group was presented to the board of directors of MINT by one Olakunle Abiola, an aide to the Deputy Governor of Central Mrs Emem Usoro for employment.  LeadingReporters leart that Mr. Abiola in his efforts to help his friend, Mr Ogungbesan recommended him to his principal, for employment in MINT as an Assistant General Manager.  But upon being interviewed, the panel that interviewed Mr Ogungbesan in their reported posited that he was not qualified for the position of an Assistant General Manager, but rather recommended that he be employed as a Senior Manager in the government-owned MINT.

Surprisingly, instead of heeding to the report and recommendation of the panel, Mr. Ogungbesan was ‘schemed’ into the position of Executive Director by no other than Deputy Governor Emem Usoro.

Speaking with LeadingReporters, the group’s Director Compliance, S. I. E. Oseagah said that his organisation received a verifiable petition that suggested criminal manipulation and glaring employment scam which should not be waved aside.

“Upon receipt of a petition, we verified that there was a clear case of criminal infractions, violation of laid down rules, and employment scam.  This are not in tune with the reforms the Central Bank of Nigeria Governor, Mr  Olayemi Cardoso is spearheading in that agency, hence the need to call his attention and that of other stakeholders to this glaring anomaly.

The group said that it would continue to assist creative reforms of the government and lend a voice for the greater good of the nation.

December 9, 2024 0 comments
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