COCKCROW 2, CROWING AT DAWN: NIGERIAN BANKS, THE ARMAGEDDON OF MONEY LAUNDERING.
"The worst disease in the world today is corruption. And there is a cure: Transparency"-Ted Bono
''A nation of sheep will soon have a government of wolves''-Edward R. Murrow
I am not at all flabbergasted by the surge in news reporting about multiple arrest of Bank Managers/Directors reverberating like an after schock of a seismic activities of an earthquake within the banking industry in Nigeria. It is better late than never, thanks to the reinvigorated dynamics of @efccnigeria to face this national disgrace of fraudulent banking practices and money laundering epidemic perpetrated with active connivance of senior officials in government.
We do not need an epidemiologist Instruments for causal inference or a virologist microscope to decipher that what we are dealing with is a virulent kind of disease that would require multi dimensional cum multidisciplinary methodologies in order for us to overcome it without developing a multidrug resistance variant.
After many ''tweetages'' I have notified @efccnigeria of the need to beam their searchlight on the banking industry in Nigeria most especially their Managers, Directors, Chairmen and Chairwomen because they are mostly purveyors of disagreeable fraudulent conducts. Note: we still have billions of government funds still hanging in Nigerian Banks in secret accounts warehoused under false nomenclatures, dubious accounting practices, insider tradings or under the names of established companies in Nigeria away from the prying eyes of @efccnigeria.
A look in the headline basket as presented by @Saharareporters is a reminder of the mafialike mannerism in which the previous administration of G.E. Jonathan in concert with the Banks via the instrumentality of NNPC(Minister Alison-Madueke) and CBN(Godwin Emefiele) sabotage the extant law against money laundering to commit financial malfeasance(NNPC) and nonfeasance(CBN) against the people of Nigeria.
Here are the headlines:
''Access Bank's MD Herbert Wigwe Arrested By EFCC Over Diezani's $5m Secret Fund, NIMASA And National Security Adviser's Funds''
''EFCC Traces $88M From Alison-Madueke To Sterling Bank MD''
''How Nigeria's Ex-Oil Minister Alison-Madueke Gave $115m To Fidelity Bank MD To Compromise INEC Officials -EFCC''-saharareporters
The unending drama continues after the initial revelation from #fidelitygate http://otunbailemobade.blogspot.nl/2016/04/corruption-incorporated-cockcrow.html
(Act 2 Scene 1)
When we thought the drama would end by #fidelitygate, the infectiousness and contagiousness of corruption in an epidemic propulsion like a metastasizing cancer has engulfed other Banks and the grand conspiracy is now becoming vivid to everyone.
After the receipt of $115million received from a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.
Nnamdi Okonkwo: (Telephone rings) Calling Deziani Alison-Madueke, madame madame I need to see you quickly to discuss the parameter for disbursement of the funds.
Deziani Alison-Madueke: That is ok by me, we can arrange for lunch at any of the five star hotel in Abuja or Lagos or if you don't mind at my place in Asokoro or Maitama, the choice is yours, my driver will pick you up at your earliest convenience.
Nnamdi Okonkwo: Thank you very much madame, I would prefer Asokoro because that will be discreet. I am in Abuja right now so it is convenient for me to come right away.
Deziani Alison-Madueke: Good! my driver will pick you up anywhere you want in Abuja just let me know where.
Nnamdi Okonkwo: Ok I am at the lobby of Sheraton Hotel.
Deziani Alison-Madueke: Done.
(Act 2 Scene 2)
At Deziani Alison-Madueke mansion in Asokoro Abuja to flesh out the disbursement of the slush funds.
After initial pleasantries the following exchanges ensued.
Nnamdi Okonkwo:
As you are aware I received $23ml cash from you for this project. We are both aware this is against the law so I want you to do a deal for me with the CBN.
Deziani Alison-Madueke: (Laughing) ahahahahahahaaaaah Nnamdi so you dey afraid like chicken. That is not a problem at all we have Godwin in our pocket he is following my script to use your slang no shaking.
Nnamdi Okonkwo: Madame, I would need you to get me a written confirmation from Godwin.
Deziani Alison-Madueke: Listen to me very carefully, I said no shaking you don't need any written confirmation the president knows about this arrangement go ahead and deliver ok. You are covered period. You know I am untouchable.
Nnamdi Okonkwo: Ok madame but I have a suggestion to make in respect of the disbursement.
Deziani Alison-Madueke: Go ahead!
Nnamdi Okonkwo: I want us to spread the risk in terms of political collateral damage by incorporating people like Yemi Adeola and Herbert Wigwe so that clanish and familial cleavages would also be mitigated.
Deziani Alison-Madueke: Ehm ehm you are sounding more like a politician than a banker no shaking, again I will take care of that area ok let me say to you that you have nothing to worry about we are going to rule this nation for the next 60years. Let us end the meeting now I will contact Godwin tonight.
Nnamdi Okonkwo: Ok madame see you tomorrow. (Soliloque) don't mind that idiot I go use some of the money to buy house for myself jareee make I go call my agent make e look for house in London I don poort be that Chineke.
(Act 3 Scene 1)
Deziani Alison-Madueke drove to Godwin Emefiele house herself all in an effort to make the whole fraudulent project discreet. Banging on the front gate an unusual mannerism. Mallam Zongo went to check and discovered to his amazement the minister standing in front of the gate.
Gateman Mallam Zongo: Wane ne wanda, wetin dis barawo dey look for night like this. Chai! Chai!! na minister ko! oga dey sleep en eh no talk say oga minister dey come... Come inside madame. Me I think say na barawo.
(Banging on the front gate woke Godwin up and he listened to the exchanges so he quickly interjected.)
Godwin Emefiele: Mallam! let madame in ok.
(Deziani Alison-Madueke was allowed in despite the ''impromptuness'' or extemporaneousness of her visit in the night)
Godwin Emefiele: Na waa oooh Deziani why are you here in the night I hope it has nothing to do with the Jide Omokore's bank loans?
Deziani Alison-Madueke: No No, nothing like that it has to do with the special project to get the president re-elected and as you are aware we have large slush funds for the project that sometimes we are finding it difficult to transfer via interbanks mechanism.
Succinctly put my purpose of coming to night is to ask you not to discharge your oversight functions in this respect and I hope you understand where this directive is coming from. You will have to bribe the relatives or siblings of whoever would like to query you in future with CBN appointments in advance even if we are not re-elected but God forbid...
Godwin Emefiele: I get your piont vividly, consider it done I will give instructions to that effect soonest to the regulatory officers at CBN.
You know me very well that I have worked in the banking industry for over 25years and nothing is hidden as per banking shenanigans I did same for Dasuki and Nenadi Usman recently and Femi Fani Kayode was at the meeting where he got the largest share of the funds for campaign mobilization for the president. Again consider it done no shaking.
This dramatization might not be exactly what transpired amongst our dramatis personae but at least it attempts to put into perspective the thought paradigms influencing the ways in which collaborators in disagreeable conducts function in our clime.
We are not done yet because more Cocks would be crowing "cock-a-doodle-doo" as @efccnigeria starts breaking the Hens eggs before they are hatched by the Cocks
The mentality of consider it done..., no question asked..., that we often experience in our clime amongst officialdom is one of the reasons why corruption and fraudulent practices are rampant in our clime because we have internalized such behaviours as our new normal.
This is also reflected in the headline from @abusidiqu.com ''#DasukiGate: EFCC Traces Stolen Funds To Abati, Okupe, Gulak… Storms Fani-Kayode’s Home'' wherein EFCC sources said that Mr. Jonathan’s former spokesman, Rueben Abati, took N72 million; top-PDP chieftain Uche Secondus took N250 million, and Ahmed Gulak was found to have taken N50 million. Bello Fadile, a security analyst who was used by Jonathan to attempt to stop INEC from releasing the 2015 presidential election results, took N754 million.''
Nigerians brace up for a very long journey to kilimanjaro in the fight against corruption in Nigeria because the infectiousness and contagiousness of corruption in an epidemic propulsion into officialdom, clans, familial environment like a metastasizing cancer would not be eradicated in a jiffy given the virulent nature of the disease. We must all rally round @efccnigeria and the present administration to do everything humanly possible to eradicate the plague in our society.
OTUNBA ADE ILEMOBADE is a philosopher
Twitter: @PEARL2PRINCE
''A nation of sheep will soon have a government of wolves''-Edward R. Murrow
I am not at all flabbergasted by the surge in news reporting about multiple arrest of Bank Managers/Directors reverberating like an after schock of a seismic activities of an earthquake within the banking industry in Nigeria. It is better late than never, thanks to the reinvigorated dynamics of @efccnigeria to face this national disgrace of fraudulent banking practices and money laundering epidemic perpetrated with active connivance of senior officials in government.
We do not need an epidemiologist Instruments for causal inference or a virologist microscope to decipher that what we are dealing with is a virulent kind of disease that would require multi dimensional cum multidisciplinary methodologies in order for us to overcome it without developing a multidrug resistance variant.
After many ''tweetages'' I have notified @efccnigeria of the need to beam their searchlight on the banking industry in Nigeria most especially their Managers, Directors, Chairmen and Chairwomen because they are mostly purveyors of disagreeable fraudulent conducts. Note: we still have billions of government funds still hanging in Nigerian Banks in secret accounts warehoused under false nomenclatures, dubious accounting practices, insider tradings or under the names of established companies in Nigeria away from the prying eyes of @efccnigeria.
A look in the headline basket as presented by @Saharareporters is a reminder of the mafialike mannerism in which the previous administration of G.E. Jonathan in concert with the Banks via the instrumentality of NNPC(Minister Alison-Madueke) and CBN(Godwin Emefiele) sabotage the extant law against money laundering to commit financial malfeasance(NNPC) and nonfeasance(CBN) against the people of Nigeria.
Here are the headlines:
''Access Bank's MD Herbert Wigwe Arrested By EFCC Over Diezani's $5m Secret Fund, NIMASA And National Security Adviser's Funds''
''EFCC Traces $88M From Alison-Madueke To Sterling Bank MD''
''How Nigeria's Ex-Oil Minister Alison-Madueke Gave $115m To Fidelity Bank MD To Compromise INEC Officials -EFCC''-saharareporters
The unending drama continues after the initial revelation from #fidelitygate http://otunbailemobade.blogspot.nl/2016/04/corruption-incorporated-cockcrow.html
(Act 2 Scene 1)
When we thought the drama would end by #fidelitygate, the infectiousness and contagiousness of corruption in an epidemic propulsion like a metastasizing cancer has engulfed other Banks and the grand conspiracy is now becoming vivid to everyone.
After the receipt of $115million received from a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke.
Nnamdi Okonkwo: (Telephone rings) Calling Deziani Alison-Madueke, madame madame I need to see you quickly to discuss the parameter for disbursement of the funds.
Deziani Alison-Madueke: That is ok by me, we can arrange for lunch at any of the five star hotel in Abuja or Lagos or if you don't mind at my place in Asokoro or Maitama, the choice is yours, my driver will pick you up at your earliest convenience.
Nnamdi Okonkwo: Thank you very much madame, I would prefer Asokoro because that will be discreet. I am in Abuja right now so it is convenient for me to come right away.
Deziani Alison-Madueke: Good! my driver will pick you up anywhere you want in Abuja just let me know where.
Nnamdi Okonkwo: Ok I am at the lobby of Sheraton Hotel.
Deziani Alison-Madueke: Done.
(Act 2 Scene 2)
At Deziani Alison-Madueke mansion in Asokoro Abuja to flesh out the disbursement of the slush funds.
After initial pleasantries the following exchanges ensued.
Nnamdi Okonkwo:
As you are aware I received $23ml cash from you for this project. We are both aware this is against the law so I want you to do a deal for me with the CBN.
Deziani Alison-Madueke: (Laughing) ahahahahahahaaaaah Nnamdi so you dey afraid like chicken. That is not a problem at all we have Godwin in our pocket he is following my script to use your slang no shaking.
Nnamdi Okonkwo: Madame, I would need you to get me a written confirmation from Godwin.
Deziani Alison-Madueke: Listen to me very carefully, I said no shaking you don't need any written confirmation the president knows about this arrangement go ahead and deliver ok. You are covered period. You know I am untouchable.
Nnamdi Okonkwo: Ok madame but I have a suggestion to make in respect of the disbursement.
Deziani Alison-Madueke: Go ahead!
Nnamdi Okonkwo: I want us to spread the risk in terms of political collateral damage by incorporating people like Yemi Adeola and Herbert Wigwe so that clanish and familial cleavages would also be mitigated.
Deziani Alison-Madueke: Ehm ehm you are sounding more like a politician than a banker no shaking, again I will take care of that area ok let me say to you that you have nothing to worry about we are going to rule this nation for the next 60years. Let us end the meeting now I will contact Godwin tonight.
Nnamdi Okonkwo: Ok madame see you tomorrow. (Soliloque) don't mind that idiot I go use some of the money to buy house for myself jareee make I go call my agent make e look for house in London I don poort be that Chineke.
(Act 3 Scene 1)
Deziani Alison-Madueke drove to Godwin Emefiele house herself all in an effort to make the whole fraudulent project discreet. Banging on the front gate an unusual mannerism. Mallam Zongo went to check and discovered to his amazement the minister standing in front of the gate.
Gateman Mallam Zongo: Wane ne wanda, wetin dis barawo dey look for night like this. Chai! Chai!! na minister ko! oga dey sleep en eh no talk say oga minister dey come... Come inside madame. Me I think say na barawo.
(Banging on the front gate woke Godwin up and he listened to the exchanges so he quickly interjected.)
Godwin Emefiele: Mallam! let madame in ok.
(Deziani Alison-Madueke was allowed in despite the ''impromptuness'' or extemporaneousness of her visit in the night)
Godwin Emefiele: Na waa oooh Deziani why are you here in the night I hope it has nothing to do with the Jide Omokore's bank loans?
Deziani Alison-Madueke: No No, nothing like that it has to do with the special project to get the president re-elected and as you are aware we have large slush funds for the project that sometimes we are finding it difficult to transfer via interbanks mechanism.
Succinctly put my purpose of coming to night is to ask you not to discharge your oversight functions in this respect and I hope you understand where this directive is coming from. You will have to bribe the relatives or siblings of whoever would like to query you in future with CBN appointments in advance even if we are not re-elected but God forbid...
Godwin Emefiele: I get your piont vividly, consider it done I will give instructions to that effect soonest to the regulatory officers at CBN.
You know me very well that I have worked in the banking industry for over 25years and nothing is hidden as per banking shenanigans I did same for Dasuki and Nenadi Usman recently and Femi Fani Kayode was at the meeting where he got the largest share of the funds for campaign mobilization for the president. Again consider it done no shaking.
This dramatization might not be exactly what transpired amongst our dramatis personae but at least it attempts to put into perspective the thought paradigms influencing the ways in which collaborators in disagreeable conducts function in our clime.
We are not done yet because more Cocks would be crowing "cock-a-doodle-doo" as @efccnigeria starts breaking the Hens eggs before they are hatched by the Cocks
The mentality of consider it done..., no question asked..., that we often experience in our clime amongst officialdom is one of the reasons why corruption and fraudulent practices are rampant in our clime because we have internalized such behaviours as our new normal.
This is also reflected in the headline from @abusidiqu.com ''#DasukiGate: EFCC Traces Stolen Funds To Abati, Okupe, Gulak… Storms Fani-Kayode’s Home'' wherein EFCC sources said that Mr. Jonathan’s former spokesman, Rueben Abati, took N72 million; top-PDP chieftain Uche Secondus took N250 million, and Ahmed Gulak was found to have taken N50 million. Bello Fadile, a security analyst who was used by Jonathan to attempt to stop INEC from releasing the 2015 presidential election results, took N754 million.''
Nigerians brace up for a very long journey to kilimanjaro in the fight against corruption in Nigeria because the infectiousness and contagiousness of corruption in an epidemic propulsion into officialdom, clans, familial environment like a metastasizing cancer would not be eradicated in a jiffy given the virulent nature of the disease. We must all rally round @efccnigeria and the present administration to do everything humanly possible to eradicate the plague in our society.
OTUNBA ADE ILEMOBADE is a philosopher
Twitter: @PEARL2PRINCE
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