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Fidelity Bank In More Trouble As CACOL Writes The EFCC, CBN, Asks For The Withdrawal Of Fidelity Banks Operating License Over Her Involvement With Abdulrasheed Maina’s Pension Scam.


The Centre for Anti-Corruption and Open Leadership (CACOL) has written to the Economic and Financial Crimes Commission, EFCC to investigate and possibly prosecute Fidelity Bank PLC for their involvement in money laundering case involving a former chairman of now-defunct Pension Reforms Task Team, Abdulrasheed Maina who has just been sentenced to 8 years imprisonment.

SACOL told the ECFF that from their investigations as revealed during the court process, Fidelity Bank PLC was found culpable for aiding fraud and were used by Maina as “conduit” to defraud pensioners and they ought to have been charged alongside Maina.

The letter further read, “We understand that, Fidelity Bank provided the channels with which the convict (Abdulrasheed Maina) used in defrauding the federal government, and for this reason, the license of the bank ought to have been withdrawn as the bank benefitted from the proceeds of illegal transactions, even as the judge in the case, Justice Okon Abang declared that the convict, through the assistance of Fidelity Bank Plc, deprived the pensioners that gave their all to this country in their youthful age, their legitimate earnings, “Whereas the convict was feeding fat on their sweat in faraway Dubai, the United Arab Emirates (UAE), buying choice properties, driving bulletproof cars, living in affluence beyond his legitimate earnings”.

To this end CACOL said, we call for appropriate sanctions to be meted out to these banks which may include the withdrawal of their operating licenses, punishment and prosecution of offending bank officials.

CACOL, as you are aware, is an aggregate of human rights, community based and civil society organizations and individuals with an anti-corruption and openness in governance agenda across Nigeria. It is a non-political, non-religious, non-sectarian, non-profit organization.

Sir, we are encouraged to submit this petition to you based on our resolve to always expose any corrupt act(s) being perpetrated by anyone either in public or private sphere.  

Moreover, this petition is directed at your good offices, knowing that statutorily, it is the primary responsibility of Economic and Financial Crimes Commission (EFCC) to investigate and prosecute this kind of cases and we have no doubt that you will do due diligence in carrying out this assignment for public good.

The letter which was signed by the Chairman of CACOL, Debo Adeniran was also sent to the Central Bank of Nigeria, CBN.


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