Nigerians Abroad Warned: “Monitor Your Bank Transferred Money To Avoid Swindling”


Nigerians Abroad Warned: “Monitor Your Bank Transferred Money To Avoid Swindling”The Nigeria Banking authority is currently in the dock as money  sent from abroad to families and friends  back home are allegedly being diverted in a tactical stealing and swindling of peoples money.

Nigerians in the Diaspora have been urged to be wary of all financial transactions being made to the country from either their accounts or through money transfer organisations from abroad as bank officials are allegedly  using time delay tactics to steal transferred money or divert  many financially involved business deals  involving money transfer and private transactions sent to families from abroad through direct remittance.

According to investigation, transactions made to customers’ account in Nigeria are either diverted through inside sources to a set aside account where the money is stationed in the delay tactics stunt at some Banks  while the officials attempt to frustrate  customers collecting the money and using time delay tactics so the money could be forgotten by the receiver following artificially created long-time frustration.

A source hinted that indications are rife as Christmas approaches that Bank officials are swindling many Nigerians abroad of their  transferred money through the use of delayed tactics to over-work receivers physically and emotionally until they are fed up and frustrated and resorting to eventually dropping the idea of  getting the money.

A source hinted that many Banks’ workers are involved and this may become rampart as Christmas is approaching.

According to a source: ” I walked to the bank last month to collect money sent in into my account and for more than four weeks, the money did not show as the officials attributed the problem to computer break down and day time congestion on internet traffic”

According to the source, four weeks later when the issue was taken to an higher authority, the money appeared in his account wondering why it has travelled more than four weeks  within the Bank.

Emeka Emuwa, MD
Emeka Emuwa, MD, Union Bank

Another victim of the swindle, London based Olalekan Adedeji, a Legal Accounting Executive also relayed his experience with officials of Union Bank, (Dopemu Branch) in Lagos recently, claiming  an alleged  transfer of a huge sum of money to a friend’s account in Nigeria from his First Bank account  recently  got stuck in the Bank and what should be an instant remittance appearance on the recipients account  took over two weeks before the money could be traced.

During an eventual verbal encounter which he made from his London base, Bank officials claimed  the problem was caused by the Bank and it was due to internal Bank system breakdown. However, the money was short by almost N6000 as the bank allegedly deducted that sum despite the transaction being direct account-to-account transfer. Same report is being made in many banks as the problem is being linked to internet failure or slowness. A customer who spoke our reporter claimed as this report is being prepared, a transaction to an Access Bank Branch is being monitored as a sum of N 28000 is hanging and yet to be collected.

Mr Adedeji  condemned Union Bank saying: ” It is a situation they are yet to explain why the money took so long and why the sum of almost N6000 was deducted without any direct Bank official involvement in handling the money because it  was an internet transfer”

“In fact,  I wasn’t  convinced  as the issue was resolved after the   recipient of the money in Lagos went to the Bank to protest after almost two weeks in waiting. I had to be live on phone with my Bank, confirming the transfer with all parties listening. On the day of  the Bank visit by the recipient ,she ( the recipient ) was at the Banks to  collect a statement which did not contain the transaction, despite being more than two weeks after. Then, one of the Banks officials after the long argument pledges to resolve the problem asking for time to trace the transaction in the computer. Five minutes later, he came back to say that the money had been traced. It then appeared as a reduced amount with over N5000 was deducted for no reason known to the recipient and myself as the sender.

Why is it that the transaction did not appear on the earlier collected statement that morning and after two weeks of sending?…. Why was the money missing for about two weeks? According to him, this and many more questions needed to be asked and answered as people may soon lose confidence in direct transaction and in the activities of some money transfer operation organisations.

Union-BankSometime ago, a London based money transfer organization disappeared when she faced the pressure of customers who wanted  a refund of their money as the amounts sent could not reach out to their destinations in Nigeria.

A victim of Peckham, South-East, London based   Favour Class Ticketing and Money transfer  claimed the  company disconnected all its land numbers and refused to pick up the provided mobile number which was later took off line. The money, which was a sum of £80 till date was never received, according  to the swindle victim.

However, a legal practitioner, who claimed that many of the transaction which may have been done through unrecognised firms may not have a good ground of legal rights if the money get eventually missing, warning that the best way to avoid  swindling is to monitor every transaction until it is collected by the recipient.

” It is true that many banks may be affected by internet problems, but if a direct transferred money is missing for two weeks, there is cause for concern and the band must be made liable.

He advised that even though life could be so challenging bringing about lack od enough time for monitoring, with the Christmas approaching, every sender of money must be careful and track transactions to the final stage of payment.

All attempt to receive a response from  Union Bank has proved abortive as  responses are yet to be made to all questions raised over the alleged swindling.