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Banks leaders in Lagos hold crucial meeting

21 November 2013, 10:39

Lagos - Local bank executives were on Thursday involved a crucial meeting in Lagos with the view of shutting down all operations following the arrest of union members.

The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFE) had threatened to bring the sector to a halt after State Security Service ( SSS) arrested some members.

The union was later in the day expected to make a decision on whether to go ahead with the plans if the arrested workers were not charged in court or released.

The senior bank personnel were arrested at different time two week ago by the SSS over allegations of terrorist financing and money laundering.

Some of the bankers are alleged to have aided the two sons of Jigawa State Governor, Sule Lamido, who the Economic and Financial Crimes Commission (EFCC) recently arrested over an alleged N10 billion fraud.

Aminu and Mustapha Lamido were arrested in Kano and flown to Abuja and have since been under interrogation at the Commission’s headquarters.

The banks whose staff have been picked up in connection with the alleged fraud include Fidelity Bank Plc, First City Monument Bank Plc, FCMB, Wema Bank Plc, Access Bank Plc, Skye Bank Plc, First Bank Nigeria Limited and FBN.

Staff from Sterling Bank Plc, Diamond Bank Plc, Zenith Bank Plc, Unity Bank Plc, Ecobank Plc, Guaranty Trust Bank Plc, GTBank and Citibank have also been arrested.

– CAJ News


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