a hard-line decision, a deputy governor of Central Bank of Nigeria and four
deputy directors have been suspended by the apex bank Governor, Mr. Godwin
Emefiele, for failing to follow financial regulations and due process, leading to
the scamming of the bank by fraudsters.
THISDAY gathered last night that the suspended Deputy Governor, Financial
System Surveillance, Joseph Nnanna, responded to some spam emails without
first cross-checking the authenticity of the mails and following CBN stringent
payment process before authorising the release of funds when the governor
and several senior officials of the bank were on a flight to China last month.
The names of the affected deputy directors could not be ascertained but they
include the deputy director in charge of payment, the deputy director trade and
exchange department, and the deputy director in the office of the governor,
who heeded Nnanna’s directive to pay when they themselves ought to know
CBN’s payment due process.
THISDAY gathered that $441,000 was initially lost to the scammers. $251,000
was however blocked and recovered, leaving a balance of $190,000, which had
already been cashed by the fraudsters.
Two of the scammers were however caught in Dubai, United Arab Emirate and
are currently being questioned by investigators.
From their modus operandi, the scammers apparently timed the execution of
the fraud to take place when the CBN governor and other deputy governors
were out of the country.
Emefiele was said to have wielded the big stick by suspending the affected
top officials because the CBN has laid-down procedures for the release of
funds, none of which was followed in this particular case.
Sources within the bank said following the incident, the governor had warned
that henceforth any such infraction would be summarily dealt with.
A statement posted on CBN website only stated that the bank had uncovered
and aborted fraud without giving details.
The four-paragraph CBN statement signed by the Ag. Director, Corporate
Communications, Isaac Okoroafor, and titled, ‘CBN Uncovers and Aborts Fraud,’
reads: “A highly sophisticated plot to defraud the Central Bank of Nigeria
(CBN) by some criminal minded elements has been uncovered and aborted by
the bank.
“Although preliminary investigations so far have not revealed any accomplices
within the CBN, management has decided to place all key personnel involved
in the transaction on suspension. “This is to ensure a full and unfettered
investigation.
“This incidence has been reported to relevant authorities. The CBN wishes to
assure the general public that the security of the bank remains intact.”
Hackers have been on the prowl lately breaching accounts of banks around
the world. Recently, hackers breached Bangladesh Bank’s systems and
attempted to steal nearly $1 billion from its account at the Federal Reserve
Bank of New York. Though a typo error by the hackers aborted their $1billion
heist, they however netted more than $80 million before the cyber heist was
uncovered.
The hackers appeared to have stolen Bangladesh Bank’s credentials for the
SWIFT messaging system, which banks around the world use for secure
financial communication.
They then bombarded the Federal Reserve Bank of New York with about three
dozen requests to move money from the Bangladesh Bank’s account there to
entities in the Philippines and Sri Lanka.
Four requests to transfer a total of about $81 million to the Philippines went
through, but a fifth, for $20 million, to a Sri Lankan non-profit organisation was
held up because the hackers misspelled the name of the NGO, Shalika
Foundation, prompting a routing bank, Deutsche Bank, to seek clarification
from the Bangladesh central bank, which stopped the transaction.

Source : www.thisdaylive. com

CBN lol... Sharing the salaries of ghost workers with directors of agencies from 1869

The government must fight on.

Time is a factor.......Nigerians are watching in 6-D.......trust me.....We are watching


TrueSenator has Spoken

Corruption in everywhere...nice to hear that sha

Ok nah....

Or they shuffled money into their acolyte abroad for onward transmission into their foreign accounts