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First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery - Crime (3) - Nairaland

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Tijani Muiz Adeyinka First Bank Employee On The Run After Diverting ₦40 Billion / E Plex Hair: Rikeino On The Run After Buying N107k Hair With Fake Credit / Kenyan Stanbic Bank Employee Beaten To Death By Police For Urinating In Public (2) (3) (4)

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Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by PepeXKermit: 7:20pm On Jun 01, 2024
immortalcrown:
Do white people do something like this?

Or, is Africa cursed with the most heartless people?

you dey sleep? abi na under rock you dey live?
Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by etrange: 7:20pm On Jun 01, 2024
Reelmii:
40 billion ...in as much as i dont support stealing in any form...but i must say this is what u get wen staffs are not well paid...


I always say it, people who work in financial institutions should be well paid..not paying 80k

And like i said earlier, there is no justification for stealing

Padding your statement with “there’s no justification for stealing” doesn’t take away the fact that you just justified his actions. This dude worked at the head office. His position was high enough for him to have access to that amount of money, and you think he was amongst those getting 80k per month? You think a poor man would reach for N40B? Isn’t it obvious this guy has seen and enjoyed money to an extent where millions don’t count anymore? Bro, I don’t think you thought this one through.

The reason we should pay our employees well is because it is the right thing to do, not because they’d steal from us if we don’t. You don’t blackmail employers into paying you more with the subtle threat of stealing their money if they don’t. Stealing should never be an option for an employee even if he’s not well paid. Someone that would steal will likely do so when the opportunity presents itself no matter how much you pay them. That’s because our lifestyle changes the more we earn and we always need more. So let’s not sympathize with greedy folks, please.

10 Likes 2 Shares

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Blitzking: 7:21pm On Jun 01, 2024
When a yahoo boy in suit works in a bank

3 Likes

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by baralatie(m): 7:21pm On Jun 01, 2024
Haaaaa!
How come?

1 Like

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by baralatie(m): 7:22pm On Jun 01, 2024
Blitzking:
When a yahoo boy in suit works in a bank
Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by ppogba: 7:23pm On Jun 01, 2024
Omoawoke:
What kind of loophole did he capitalize on to divert 40billion naira. Definitely, he’s not alone and top mangers are involved

He simply capitalized on very poor or almost non existent inter control mechanism.

I have read people talked about him being the final authorisation officer but even at that, it is evidently clear that the internal control mechanism not to talk of the regular inspection is almost non existent.

7 Likes

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Lanre1st(m): 7:23pm On Jun 01, 2024
Can I call him “smart boy” or fraud
Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Annahh(f): 7:26pm On Jun 01, 2024
Reelmii:
40 billion ...in as much as i dont support stealing in any form...but i must say this is what u get wen staffs are not well paid...


I always say it, people who work in financial institutions should be well paid..not paying 80k


And like i said earlier, there is no justification for stealing
He is well paid.

1 Like

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by jaxxy(m): 7:28pm On Jun 01, 2024
Hmmm
Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by eliwa47(m): 7:28pm On Jun 01, 2024
I swear my money dey inside!

1 Like

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Blazetrailer: 7:31pm On Jun 01, 2024
That's why those who mock the japa syndrome say you can quickly make it in Nigeria than going abroad. It is for things like this.

....and those who are japaing to saner climes where you are truly rewarded for your efforts and talents are laughed at. They know the porous system will favour thieves and certificate forgers

idahme:


Nigeria is filled with corrupt people even if you pay them 5m they will still steal. Go to IOCs and see a typical example of what I am talking about.

5 Likes

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by NeoWanZaeed(m): 7:36pm On Jun 01, 2024
huptin:


If he is a manager in charge of payments. He will.earn nothing less than N1.2mn monthly. Only very junior contract staffs earn N80k...full time staffs of banks do not earn less than N200k per month at the least.

I know cos I have spent over 14 years in commercial banking.

So all our money that we complain tire and wasn't reversed was actually stolen or rather diverted by someone who works in the bank/

4 Likes

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by koolbreeze55: 7:37pm On Jun 01, 2024
Ok
Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by ceejayluv(m): 7:37pm On Jun 01, 2024
Meteng:
Baba is probably in USA by now
Can't be in the USA, might face extradition. Probably Belize, or some other tax havens.

5 Likes 1 Share

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by YesDaddyTill203: 7:41pm On Jun 01, 2024
Almost all Nigerians are crooks. Even including those living abroad.

Remove all politicians today and replace them with those on social media including NL, and watch as the country will collapse totally within one week with a new level of stealing is not corruption.

6 Likes 3 Shares

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by kolaaderin: 7:41pm On Jun 01, 2024
Kingray10:
₦12 billion, it now stands at around ₦40 billion ($29 million).
How did the 12 billion jumped to 40billion
Bank authority don add their own
From a reliable source, the bank is only been conservative with the amount so as not to triggers panic from customers running to secure their money. The figure is over 200 billion and still counting.
First bank has been scammed to near bankrupt. Naija I hail thea.

4 Likes

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by tishbite42: 7:44pm On Jun 01, 2024
ppogba:


He simply capitalized on very poor or almost non existent inter control mechanism.

I have read people talked about him being the final authorisation officer but even at that, it is evidently clear that the internal control mechanism not to talk of the regular inspection is almost non existent.
That's the bitter truth
In the US or Europe, the whole board might resign over this scandal
Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Babangidapikin: 7:45pm On Jun 01, 2024
cool hmmm the guy get mind o ... He must have Japa by now. ..lasisi still dey learn work dey shout spending up and down when some people are doing. Hope they are insured against fraud.. recently money disappeared from one of my account the bank statement doesn't balance and I can't trace where the money went but I know I would not have spent that much money. I just stopped using the Bank.

1 Like

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by tishbite42: 7:45pm On Jun 01, 2024
kolaaderin:
From a reliable source, the bank is only been conservative with the amount so as not to triggers panic from customers running to secure their money. The figure is over 200 billion and still counting.
First bank has been scammed to near bankrupt. Naija I hail thea.
You don't mean it
Hmmm

2 Likes

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by TheBTCinvestor: 7:47pm On Jun 01, 2024
Hmmm banks grin grin cheesy...I remember my issue with one mumu blue bank grin grin grin...

2 Likes

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Eagleways: 7:47pm On Jun 01, 2024
Ezmans:
I have read this thread & comments but have never seen anyone mention tribe on this topic, this is a very big lesson for me today
with respect to the name mentioned and yet no tribal slur detected so far , shows who the real tribalists are. Should it be the other way round, eh , Obi's name would have been mentioned multiple time for no reasons

5 Likes 2 Shares

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by juliuscaesar(m): 7:47pm On Jun 01, 2024
immortalcrown:
Do white people do something like this?

Or, is Africa cursed with the most heartless people?

Don't be deceived. The biggest white collar crimes in the world are dine by white people.

1 Like

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Nonexisting1: 7:48pm On Jun 01, 2024
kolaaderin:
From a reliable source, the bank is only been conservative with the amount so as not to triggers panic from customers running to secure their money. The figure is over 200 billion and still counting.
First bank has been scammed to near bankrupt. Naija I hail thea.
Thanks to a yoruba man, firstbank is now a shadow of itself.

1 Like

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Maobichek: 7:49pm On Jun 01, 2024
Reelmii:
40 billion ...in as much as i dont support stealing in any form...but i must say this is what u get wen staffs are not well paid...


I always say it, people who work in financial institutions should be well paid..not paying 80k




And like i said earlier, there is no justification for stealing

Any staff who authorized payments/transfer in First bank PLC is a full staff and not a contract staff. First bank does not assign some important/specific roles to contract staff.

First bank staff are comfortable compare to what contract staff receive despite doing some of the tedious tasks. In most First bank branches, full staff may be 4/5 and the rest are contract staff.

First bank full staff receive 13th month salary, house loan, car loan, P4P etc. Underpayment is not the reason why he did what he did but deep-rooted criminal intent and greediness, thank you.

8 Likes 1 Share

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by bizzibodi(m): 7:49pm On Jun 01, 2024
Reelmii:
40 billion ...in as much as i dont support stealing in any form...but i must say this is what u get wen staffs are not well paid...


I always say it, people who work in financial institutions should be well paid..not paying 80k


And like i said earlier, there is no justification for stealing
A manager not well paid?bros a thief is a thief.

1 Like

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Treasure17(m): 7:53pm On Jun 01, 2024
Like I often say bank is another fraudulent unit in Nigeria.
Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Judolisco(m): 7:56pm On Jun 01, 2024
immortalcrown:
Do white people do something like this?

Or, is Africa cursed with the most heartless people?
lol... Go read about the enron scandal.... Africa own na small
Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by chatinent: 8:00pm On Jun 01, 2024
N40bn of people's sweat. Omo, if that one enter politics, e don be o

2 Likes

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by advanceDNA: 8:01pm On Jun 01, 2024
For a whole two years??

Shame on first bank's audit team..

Quarterly audit did not pick it....

Externally audit still did not pick it....

What kind of yeye audit are they doing

8 Likes 1 Share

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by kay29000(m): 8:02pm On Jun 01, 2024
immortalcrown:
Do white people do something like this?

Or, is Africa cursed with the most heartless people?

Whites do too. Although not a bank scam, but Bernie Madoff (an American) scammed Americans of like $60 billion with his ponzi scheme.

5 Likes

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by Penboy: 8:04pm On Jun 01, 2024
Fiat money can always be traced.
Not smart move

3 Likes

Re: First Bank Employee On The Run After Diverting ₦40 Billion; Bank Begins Recovery by GUNITGuy: 8:04pm On Jun 01, 2024
This one was because the Person who reported was a Prominent Person or Big Customer with Connections determined to deal with First Bank.....
If you investigate almost all the bank Managers are neck deep into this

1 Like

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