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Please find below one of the petitions written to the EFCC by a former Fidelity Bank employee, Mr. Frank Ogboko, who worked in the bank’s Internal Audit and Cost Control Unit.
Mr. Ogboko, a Chartered Accountant and a member of ICAN since 1990 has let to light discrepancies and fraud involving two companies, Oil Recovery and Environmental Services Limited and ERES N.V limited of depositors fund totaling N11billion,culminated from huge debit balances from rogue loans and capital market fraudulent activities involving both companies and the management of Fidelity Bank.
According to Ogboko, who was appointed as a staff of Fidelity Bank on 1st November 2002, he noticed the discrepancy in the balance sheet and notified his immediate boss Mr. Boye Ogunbolade, saying that the actions of the bank was not in line the banks’ corporate and financial guidelines, but was persuaded to drop the matter.
He said. “Why my appointment was terminated was that I discovered a huge fraud perpetrated by officers of Fidelity bank. The officers involved are; Mr. Reginald Ihejiahi ( the former M.D) Chief Willie Obiano (The Current Governor of Anambra State, pictured above) Mr. Ikemefuna Mbagwu, Mr. Sam Obijiaku and Mr. Boye Ogunbolade.
The EFCC investigation was then allegedly compromised.
Some of the questions posed by Ogboko were: who were the real owners of Oil Recovery and Environmental Services Limited and ERES N.V limited being shielded by Obiano and his gang? Who compromised the EFCC investigations?
It is worrisome to observe that the two major Loan accounts which had huge debit balances in the books of Old Fidelity Bank Plc as at October 31, 2005, were no longer seen in the Overdraft Report of the bank prior to the merger of the three banks. The two accounts in question are:
Attached are the following:
APPENDIX 1: This shows the statement of account of ORES(OIL RECOVERY AND ENVIRONMENTAL SERVICES LTD) from inception i.e October 5, 1998, to October 31, 2005.
APPENDIX 2: This shows the statement of account of ERES N.V LTD from inception i.e February 13, 2002, to October 31, 2005.
