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Reports reaching Nairametrics indicate that the latest Diezani scandal which has resulted in the arrest of the Managing Director of Fidelity Bank may also have happened in other commercial banks. This suggest Fidelity Bank may have been singled out for whatever reasons.
According to undisclosed sources, two Tier One commercial banks (names withheld until we receive confirmation) may have also had their Bank executives involved in the scam. According to the source, the amount involved with one of the banks dwarfs what has been reported in the Fidelity Bank case.
It is also not clear if other tier 2 banks are involved in this alleged scandal considering how it forex movement around during the height of the 2015 election was widely reported within banking circles.
More to follow….
I hope nairametrics is not turning to be another gossip blog. Ugodre please watch it, this is meant to be a Business blog.
Now it’s the time to clean up Nigerian bank.this fidelity can afford this $1 billion fine by the central bank of Nigeria,and sack the managing director or the entire board for not showing due diligence,money laudering,recieving ill-gotten money by stealing.
now is the Nigerian bank help Nigerian in their businessthey can make money in any way,because the demand for fund to do business I huge,we do not have money market so also we do not have a deep and broad based capital market.so any who set a bank,is sure of being a billionaire in Nigeria,money is supposed to be an instrument of exchange,but in Nigeria it’s an avenue to make money.no wonder they charge so much.