Sebastian Ashong-Katai, Managing Director Ecobank
The name ECOBANK now seems to be synonymous with missing funds. The bank is again in the spotlight for another huge sum of missing government revenue deposited at the bank. The latest stolen funds, according to an investigation, run into tens of billions of Old Leones, in which staff of the Bank (names withheld for now), are said to have conspired with other staff from another institution, (name withheld for now), to divert government funds deposited at the bank into personal accounts.
It is not known whether the bank’s staff that were arrested and detained at the Criminal Investigations Department (CID) have been released, but what is confirmed is the fact that some staff were arrested and detained days ago over a huge fraud involving government revenue deposited at the said bank.
As of press time, senior staff at ECOBANK, who is said to be the kingpin in this racketeering, is said to be on the run and nowhere to be seen.
It could be recalled that this is not the first time such racketeering has happened at the bank.
A few years ago, a senior staff of the bank and his wife, who was working in another institution, were convicted for a billion gate involving state revenue.
With this latest missing funds, citizens and customers of the bank have been left to ponder whether the bank is a den for missing funds.
Meanwhile, the Bank confirmed to this medium that it is aware of an alleged incident that is currently under investigation.
More Details next edition!
