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EFCC probe: Magu’s spiritual guide drags FCMB to court, demands ₦5bn

The Citizen by The Citizen
September 6 2020
in Financial Crimes
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EFCC probe: Magu’s spiritual guide drags FCMB to court, demands ₦5bn

The General Overseer of Divine Hand of God Prophetic Ministry, Prophet Emmanuel Omale, has dragged First City Monument Bank Plc (FCMB) to court for ₦5 billion.

Omale, who claims to be the spiritual guide of the suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, said FCMB falsely reported to the Nigerian Financial Intelligence Unit that ₦570m was paid into his church account, thereby, leading to accusations that the money was used in purchasing a house in Dubai for Magu.

The suit marked FCT/HC/CV/2020, was instituted by Omale; his wife, Deborah Omale; and the church, the Incorporated Trustees of the Divine Hand of God Prophetic Ministry.

The claimant stated that in 2016, the FCMB falsely reported to the NFIU that ₦570m was paid into the church’s bank account marked 1486743019 which caused security agents to put the account under surveillance for four years.

The statement of claim read in part, “Sometime on or about the 6th day of July 2020 the former acting Chairman of the EFCC, Mr. Ibrahim Magu, was arrested and summoned to the Presidential Villa, Abuja, to appear before the Presidential Investigation Committee on the Alleged Mismanagement of the EFCC, Federal Government Recovered Assets and Finances from May 2015 to May 2020.

“That one of the key allegations levelled at the Presidential Investigation Committee against Mr. Ibrahim Magu, was that the 2nd Claimant (Prophet Omale) fraudulently and corruptly purchased a real estate property for Mr. Ibrahim Magu in Dubai, the United Arab Emirates with the said sum of ₦573, 228, 04 allegedly credited as an inflow into the 1st Claimant’s (church’s) Corporate Current Account No: 1486743019 in the year 2016.”

Omale and his wife, accompanied by their lead Senior Counsel, Gordy Uche (SAN), and a team of four senior lawyers appeared before the panel on August 10, 11, and 12 and were grilled for hours on their alleged roles in respect of the sum of ₦573m used in fraudulently and corruptly purchasing a real estate property for Magu in Dubai.

The cleric said they paid Uche (SAN) & Co., the sum of N15m to appear and represent them for three days before the said Presidential Investigation Committee and attached a copy of the receipt to the statement of claim.

He said they all denied the allegations of fraud, adding that he never bought any property for Magu when grilled by the panel.

Omale said the Salami panel in the course of its hearing also invited the Managing Director/Chief Executive Officer of FCMB, Adam Nuru, who appeared before the committee and testified.

“That Mr. Adam Nuru in his testimony informed the Presidential Investigation Committee that the said ₦573M was credited to the bank account of the 1st claimant (church) in error and that the error was not discovered by the defendant for over four years,” the cleric said.

Omale said they paid the law firm of Gordy Uche (SAN) & Co., the sum of N75m to institute the suit against FCMB and attached a copy of the receipt for the said professional fees to the statement of claim. He said in all, he had lost N180.5m due to payment of legal fees and personal losses.

Omale, therefore, sought a declaration of the court that the FCMB negligently breached the fiduciary duty of care it owes the claimants by its false automated report to the NFIU of a suspicious credit inflow of ₦573m into the church account.

The statement of claim further read, “The sum of ₦5,000,000, 000.00 (Five Billion Naira) being exemplary, aggravated, special and general damages against the defendant for the negligent breach of its fiduciary duty of care to the claimants by its false automated report to the NFIU of a suspicious credit inflow of ₦573, 228, 040. 41 into the 1st claimant’s corporate current account number1486743019 with the defendant, which has occasioned grave damages to the claimants.

 

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