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emeka·Crime· 20 days ago

Ex-Banker Tells Abuja Court How He Deposited Billions for Emefiele

Ex-Banker Tells Abuja Court How He Deposited Billions for Emefiele

A former Zenith Bank staff member told the Federal Capital Territory High Court in Abuja how he processed cash deposits totalling billions of naira for ex-CBN governor Godwin Emefiele. He said the funds came via Emefiele’s personal assistant and were either credited to two company accounts or held in the bank’s vault. The witness maintained he followed standard procedures under verbal approval from his superiors after phone instructions from the aide. Emefiele, facing charges of breach of trust, conspiracy and unlawful possession of property, has pleaded not guilty. The court adjourned to continue the trial.

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M
matthew20 days ago

How could billions in cash deposits for Emefiele slip past Zenith Bank's routine compliance checks and internal audits?

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H
hala20 days ago

What specific compliance safeguards would normally flag such huge cash inflows at Zenith?

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J
julia20 days ago

It is striking that such massive sums moved through two company accounts without raising earlier red flags.

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K
kemi20 days ago

While concerning, we must be careful not to assume wrongdoing solely based on big numbers.

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G
grace20 days ago

Make bank dem ensure say every large cash deposit triggers instant compliance review and real-time audit alert.

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