The Managing Director/CEO WEMA Bank Nigeria, Ademola Adebise has been indicted for using customer’s account to lauder over N1 billion.

NewsOne Nigeria reported that the WEMA Bank MD and other members of his staff involved in the N1 billion money laundering scandal are now cooling their feet in the custody of the Economic and Financial Crimes Commission (EFCC).

It was learned that the financial institution which was recently indicted in an alleged money laundering case involving Dana Air is currently facing a fresh fraud case with Ademola who allegedly in the forefront of the allegation.

At a time when the government of President Muhammadu Buhari is fighting corruption headlong and committing to the extradition of the 80-man list of wire fraudsters released by the FBI, WEMA Bank MD and some of his top management staffs have been alleged of leading a money-laundering ring.

This online news platform understands that the current case could be likened to a scene from a mafia movie, as the WEMA Bank MD is said to have allegedly threw all caution to the wind in a fraud allegedly estimated to be in the tune of N1bn.

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http://www.dailyrecordng.com/wema-bank-md-in-1bn-money-laundering-mess/

Power corrupts & absolute power corrupts absolutely.

Only few, can handle the intoxication that comes with power.