Energy bank of Ghana is in deep board crisis over how
to recover loan granted to Bar Jimoh Ibrahim, the
chairman of the Bank. The loans were taken by
companies within the Energy Group and most of the
loans were diverted. The bank secretary has
summoned several board meeting, which cannot hold, as most directors refused to attend. The directors are
jittery over the huge loan taken by Nigerian corporate
virus Jimoh Ibrahim popularly called the corporate
undertaker. The bubble is about to burst due to non-
repayment of various fraudulent loans granted to his
companies within the Energy group including Air Nigeria with forged bank resolution, which were
diverted into Jimoh Ibrahim personal account without
the knowledge of the company directors. One of the
items in the board meeting- agenda is the adoption of
Jimoh Ibrahim $5,598million loan consolidation
proposal into a newly floated company called ENERGY INVESTMENT (GHANA) LTD. The company is headed by
a former First Bank dismissed credit officer.
This company is also the investment arm of the bank
as the MD/CEO has no power to invest, a dollar or cedi
of the depositors fund. It should be noted that even
the MD/CEO of Energy Bank of Ghana, has been under
three months contract in the last four years, which is
renewable by Jimoh Ibrahim every three months. Bar Jimoh Ibrahim used the companies within the Energy
Group to obtain various loans from Energy Bank of
Ghana without the consent of the directors of the
companies. The board resolution is usually signed by
Jimoh in his capacity as the Chairman and any lawyer
nominated by him will sign as company secretary. The loan is then diverted into Jimoh Ibrahim personal
account and finally to ENERGY INVESTMENT (GHANA)
LTD for investment by Jimoh Ibrahim. During the Air
Nigeria era, several fraudulent loans were taken in
the name of Air Nigeria without the knowledge of the
directors but this came to my notice during repayment period. These loans once taken were diverted into Bar
Jimoh Ibrahim personal account. These loans were
used to finance several other investments, which has
now failed. The MD/CEO of Energy Bank of Ghana has
been mandated to source for international loan with
lower interest rate to restructure these loans but so far no luck. The objective is total restructuring of the
loan taken by Jimoh Ibrahim, which is in excess of $
5,598million
Since this year 2013, no board meeting has been held
by Energy Bank of Ghana. The Energy Bank Managing
Director, Samuel, a veteran of the banking industry
with over 27years experience is pleading for
retirement before the bubble will burst. Samuel, the
MD/CEO is finding it very tough to restructure the loans and has offered to resign which Jimoh Ibrahim
rejected with threat to assassinate him. This explained
why Bar Jimoh Ibrahim published his intention to
retire from Energy Group as the GMD in January next
year, just to avoid international prosecution. The
situation is so bad and every director is now being very careful as the bubble may burst any time from
now. Energy Bank will make history as the first
Nigerian Bank to fail in Ghana where depositors will
lose their money. Some depositors who are aware of
this development have started withdrawing their
deposit and money from the Bank. One of the branches in Ghana is seriously having a run down on it
activities. The bubble is already bursting.
THE LIFE AND JOB OF THE MD/CEO OF ENERGY
BANK OF GHANA IS ON THE FIRING LINE.
Where on earth, apart from Energy Group, is the
contract of employment of a Managing Director of a
bank fixed for three months and is subject to renewal
by the chairman. With this type of contract, the
Managing Director job is on the firing line every three
months. Just few months ago, Dafe the Chairman of National Mirror Editorial Board was alleged to have
committed suicide BUT we all know that Jimoh Ibrahim
murdered him. This explained the case of Femi Ige,
the Managing Director of Newswatch Communications
Ltd, who just took over from Ray Ekpu, Dan Agbese,
Yakubu Mohammed and Soji Akinrinade group, whose contract was not renewed last two week. All effort
made by Femi Ige to explain, how innocent he was, on
an irrelevant issue boarding on Mrs Kayode house
maid turn secretary that Jimoh Ibrahim has been
sleeping with, turned to deaf ear. Femi Ige, who did
not know how Jimoh Ibrahim sex scandal involving a staff house maid leaked to the public, was fired. Even
Steve Ayorinde, the former MD/CEO of National Mirror
has been reduced to CEO without any power to
manage the National mirror. Today Jimoh Ibrahim has
taken over as the Editor-in-Chief of National Mirror and
a junior staff under steve before his elevation as CEO of the newspaper now issues query to steve.
It should be recalled that, it was the Afrixim Loan of $
40million granted to Air Nigeria that Bar Jimoh Ibrahim
diverted into the acquisition of Energy Bank of Ghana.
The loan was obtained in Sept 2011, transferred into
UBA account in London in faviour of Energy Bank of
Ghana and the bank was commissioned in Feb 2012. In addition to the $5000million loan, another loan of $
598million dollars was taken for the failed
International operations of Air Nigeria. Many Nigerians
can recall before the closure of Air Nigeria, how
passengers were asked to contribute 50 pounds at
London Gatwick Airport, which resulted to scuff between the staff of Air Nigeria and the passengers.
The business strategy of Jimoh Ibrahim is to use Air
Nigeria or companies within the Energy Group to raise
loan and the loan will be diverted into his personal
account. The entire business empire of Jimoh Ibrahim
exist on loans, fraud and fraudulent diversion, of
which, many of these loans will still be outstanding as at the time Jimoh would have retired from Energy
Group. There is no business being generated by his
business conglomerate, no business development
strategy and no marketing strategy to move the
business empire forward. Nicon Insurance Plc is under
liquidation, Nigerian Re-Insurance Corporation is out of operational existence due to non- compliance with the
statutory requirement, the Sao Tome University and
Energy Bank of Sao Tome are closed economy
investment. It is only a matter of time before the
bubble will burst as Jimoh Ibrahim is currently facing
various tax evasion charges by FIRS. A critical review of his entire business group by technocrats will
confirm the above assertion.
Energy Bank is in serious crisis with over $5,598Million
loan taken by the Chairman, Bar Jimoh Ibrahim; the
bank is in grave danger. Energy Bank of Ghana is
technically dead and its operations will soon be
suspended like Air Nigeria for one year, by Jimoh. The
central Bank of Ghana is not aware of the rot in Energy Bank of Ghanan. Nigerians travelling to Ghana and
transferring money through this bank should be
careful. The fraudulent activities of Jimoh Ibrahim
within this bank cannot be numbered. When, I told
Nigerians that Air Nigeria was a flying coffin, many
believed and those who were lured away by Jimoh Ibrahim CNN advert having been calling me for
assistance. Today, another round of CNN advert is
being advertised on Energy Group every week.
Nigerians should watch out for another drama as
Energy Bank of Ghana is about to fall. These CNN
advert, were done in the days of Air Nigeria and suddenly the Airline was closed. In the aviation
industry, Aircraft are supposed to be insured in line
with the aviation rules, that no chairman of an airline
should be a Shareholder in the insurancing company.
In the case of Air Nigeria, all passengers were insured
by Nicon Insurance Plc and re-insured by Nigeria Re- insurance Corporation; these dead companies are
owned by Jimoh Ibrahim. It means that in the event of
air accident, the beneficiaries of the passengers will
not be compensated and even any surviving
passenger will not be covered by the airline
insurance.
Any bank that accepts Jimoh Ibrahim transaction must
be ready to sack the Managing Director of the bank or
have the entire board dissolved or the bank must
collapse. Afribank now mainstreet bank and Former
Oceanic Bank are very good example. In most banks,
Jimoh Ibrahim comes with such a heavy loan request, that on default, the board will be in crisis and Jimoh
will ask the Directors to provide total solution to the
loan problems. At this point, the Directors are all in
crisis managing the difficult loan portfolio with daily
threat from Jimoh. Most of the securities pledged are
structured to expire within the life of the loan, without the critical issue being made known to the bank
Directors. A careful study in all the banks where Jimoh
Ibrahim has transacted business will reveal this
secret.
Most times, the documents pledged are retrieved from
the bank using ladies in legal department without the
knowledge of the Directors. To achieve this objective,
Jimoh will suddenly send cash gift of N5M to the lady
during her birthday, child naming ceremony, holiday
period and sometimes first class ticket just to draw the lady in question near. Various gifts will normally
follow the first N5M and eventually the lady is broken
and the deal to withdraw such documents struck.
Most senior staff ladies in Energy Group are from the
legal department of banks like Union Bank, Oceanic
Bank, Afribank, now mainstreet Bank or personal assistance to the bank CEO. Sex and new executive job
are offered to the lady, who will pull out the
document, while various spiritualists will be working
on the lady every day. Sometimes guarantee pledged
will expire before the end of the transaction. This is
deliberate as Jimoh Ibrahim is just a fraudster from birth.
Jimoh Ibrahim is the grand master of corporate
fraud in Nigeria, having been blacklisted by
Central Bank of Nigeria.
JOHN I NNOROM 07068021111 OR 08033064519
E-Mail: john.nnorom@gmail.com   Source: www.informng.com/jimoh-ibrahim-throws-energy-bank-of-ghana-into-crisis-over-loan-portfolio/?utm_source=twitterfeed&utm_medium=twitter |
