MONEY LAUNDERING:U.S Banks Freeze Nigerian Embassy’s Bank Accounts.

Date: 15-05-2012 7:42 am (9 years ago) | Author: AYOOLA ADEBAYO
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- at 15-05-2012 07:42 AM (9 years ago)
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Two American banks have reportedly placed an embargo on accounts belonging to Nigeria missions in New York and Washington D.C., according to a report yesterday by sharpedgenews.com, a web-site news publication.

According to sources familiar with on-going investigations initiated by two leading American banks, Bank of America and Wells Fago, the Nigerian missions, the country’s Embassy In Washington D.C and the permanent mission to the United Nations had their accounts frozen following the failure of Nigerian diplomatic officials to satisfactorily explain suspicious use of a total of $3.6 million sums, wired through separate accounts with the two banks.



Sharpedgenew.com learnt from sources familiar with the “critical investigations” that the officials of the two banks suspected that accounts belonging to the two missions might have been used as conduits for laundering and other unscrupulous activities.

After being flagged by relevant financial monitoring agencies in the united State, auditors from the two banks decided to scrutinise the missions’ books.

Employees of the two diplomatic outlets have been having issues paying bills and meeting other financial obligation because they have not been paid their salaries and other entitlement after activities relating to the operation of the missions’ accounts were poorly explained and as such were barred from continued operations.

A source said that some Nigerian officials devel-oped the habit of simply dumping funds with affected accounts without justifiable end use, thus turning the missions to conduit for siphoning cash from Nigeria.

Nigeria’s Auditor-General and his subordi-nate have since arrived the United state to assist in reconciling the reckless and improperly kept books, it was learnt. But how the efforts of the auditors would clear the air on suspicions of stealing, fraud and money laundering remains to be seen.

A source claimed that such suspected funds usually originate from state governors and other Nigerian functionaries.

Posted: at 15-05-2012 07:42 AM (9 years ago) | Upcoming
- ssstrawberry at 15-05-2012 10:48 AM (9 years ago)
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toh saiyaya
Posted: at 15-05-2012 10:48 AM (9 years ago) | Upcoming
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- dizhadah at 15-05-2012 10:51 AM (9 years ago)
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   Cool
Posted: at 15-05-2012 10:51 AM (9 years ago) | Gistmaniac
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- Neglito at 15-05-2012 11:07 AM (9 years ago)
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Wayo everywhere
Posted: at 15-05-2012 11:07 AM (9 years ago) | Gistmaniac
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- Solidstonez at 15-05-2012 11:08 AM (9 years ago)
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Nawaho

Posted: at 15-05-2012 11:08 AM (9 years ago) | Addicted Hero
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- verah at 15-05-2012 11:13 AM (9 years ago)
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 Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed naija i hail ooo

Posted: at 15-05-2012 11:13 AM (9 years ago) | Gistmaniac
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- Princestevo at 15-05-2012 11:27 AM (9 years ago)
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na there way Cool
Posted: at 15-05-2012 11:27 AM (9 years ago) | Upcoming
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- MYKELGUY at 15-05-2012 11:39 AM (9 years ago)
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HOPE THEY WILL NOT DRAIN THIS PURSE SOON?I DON TIRE FOR NAIJA OOOOOOOOOOOO
Posted: at 15-05-2012 11:39 AM (9 years ago) | Upcoming
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- Adikpe at 15-05-2012 11:51 AM (9 years ago)
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 Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Shocked Naija hmmmmmm!  Lips Sealed Lips Sealed Lips Sealed Lips Sealed Lips Sealed
Posted: at 15-05-2012 11:51 AM (9 years ago) | Gistmaniac
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- Ifemylove at 15-05-2012 12:00 PM (9 years ago)
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na dia wahala b dat..
Posted: at 15-05-2012 12:00 PM (9 years ago) | Gistmaniac
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- pp1973pp at 15-05-2012 12:01 PM (9 years ago)
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No wonder Nigerians dey surfer.
Posted: at 15-05-2012 12:01 PM (9 years ago) | Upcoming
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- ozobig at 15-05-2012 12:08 PM (9 years ago)
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VERY SOON NIGERIA POCKET WILL RUN DRIES BY THEN THE YOUTHS OF THIS COUNTRY WILL SUFFER IT GOD FORBID PLS LET US THE YOUTH RISE AND FIGHT FOR WHAT BELONG TO US OR ESSSSSS ........

Posted: at 15-05-2012 12:08 PM (9 years ago) | Upcoming
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- Bluerussia at 15-05-2012 12:49 PM (9 years ago)
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Dis knd ting dey provoke my born marrow.plz i nid a topic 2 cul t down
Posted: at 15-05-2012 12:49 PM (9 years ago) | Newbie
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- HOPEA23 at 15-05-2012 12:56 PM (9 years ago)
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Hisse

Posted: at 15-05-2012 12:56 PM (9 years ago) | Addicted Hero
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- aso4life1 at 15-05-2012 12:58 PM (9 years ago)
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dem even carry the scam reach US, na wa for our leaders

Posted: at 15-05-2012 12:58 PM (9 years ago) | Hero
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- Idbabe at 15-05-2012 01:34 PM (9 years ago)
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Not just freezing, we need the money back into the country
Posted: at 15-05-2012 01:34 PM (9 years ago) | Hero
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- kebella at 15-05-2012 01:53 PM (9 years ago)
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 Grin Grin Grin Grin Grin

Posted: at 15-05-2012 01:53 PM (9 years ago) | Addicted Hero
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- Ashii at 15-05-2012 02:41 PM (9 years ago)
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Now I can see the reading why thaT stupid malam, wan chande our valuable money to coins, and 2k, 5k note. All of you will rust in hell. Amen
Posted: at 15-05-2012 02:41 PM (9 years ago) | Newbie
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- K-TRUTH at 15-05-2012 02:45 PM (9 years ago)
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na only him? if state department do that to all our theefs called leaders, Nigeria go better walahi.
Posted: at 15-05-2012 02:45 PM (9 years ago) | Gistmaniac
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- onlyGodknows at 15-05-2012 03:22 PM (9 years ago)
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Shameless animals in the name of leaders.
Posted: at 15-05-2012 03:22 PM (9 years ago) | Upcoming
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