US$300,000 Scandal Hits Global Bank

By Charles B. Yates

What appears to be a criminal syndicate has hit the Nigerian run Global Bank in Liberia; thereby making the bank vulnerable to bankruptcy. Over US 300,000 has reportedly vanished from the vault of the bank.

Investigation by this paper has uncovered that the amount in question got missing since March this year and the bank’s management concealed the information from the public so as not to lose customers.

As a new bank in the country, it has succeeded in winning more customers as compared to other Nigerian banks. The Central Bank of Liberia has been informed about the latest incident at the bank but has made no official comment on the matter.

Two female Liberian staffers at the bank that were in care of the vault have been undergoing police investigation in the country. Even though, the incident reportedly occurred after the normal working banking hours, Police in Monrovia have been investigating the two female employees for the past four months and it’s yet to be established any link of the two female employees to the crime.

But police sources has confided in this paper that the two females might likely walk free as the investigators are yet to see cause to link the two suspects to the alleged crime . Latest report reaching this paper from top security sources is that the real doer of the act is a senior Nigerian staff at the bank.

Our source hinted that another top female at the bank was implicated in the matter but was later cleared after the lady alarmed that someone had tampered with her personal safe in her office to plant copy of the vault keys.

According to our sources, a lady only identified as Mrs. Dennis wrote the bank’s board on the matter and asked for retirement. The bank’s board chairman, Willie Belle, agreed to have her retired.

Our security source said the amount is being transferred to Nigeria on a Nigerian airline rather than through a normal banking transfer to avoid trace.

Another inside source described the entire act as an organized crime spearheaded by a senior Nigerian staff (name withheld) and some Lebanese nationals who facilitated the copying of the vault keys.

When this paper contacted the Managing Director of Global Bank, Mr. Philip Olujobi on the matter, he confirmed the incident and pleaded with our reporter not to report the story on grounds that the bank’s image could be at risk.

When the INQUIRER further contacted Mr Olujobi via telephone, he acknowledged being Mr. Olujobi but later hanged up. Repeated calls to get the Global Bank Executive proved futile.

The bank’s management has however suspended the two female Liberians that were linked to the crime in the absence of police report. Our investigation continues.

 

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