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| Emasculation of Biafran businesses: Hausa-Fulani goes after Igbo banks as Mohammed Balarabe takes over |
The management of Fidelity Bank Plc was on Monday forced to appoint a Hausa-Fulani Mohammed Balarabe as the Acting Managing Director. In what appears to be a clear attempt at taking over a known Igbo bank, the board skipped Chijioke Ugochukwu ranked above Balarabe before the appointment.
The highly orchestrated takeover started with the arrest of Nnamdi Okonkwo, the Managing Director and Chief Executive Officer, by the Economic and Financial Crimes Commission (EFCC), for allegedly receiving. over $115 million from the former Minister of Petroleum Resources, Diezani Alison-Madueke, and three others, but failed to report it to the Nigerian Financial Intelligence Unit, NFIU, of the Commission.
Okonkwo has remained in EFCC detention, which has turned into a detention camp for Muhammadu Buhari's enemies. Although Okonkwo is yet to be convicted of the said offence by a competent court, the management of the bank was apparently arm-twisted to replace him with a Hausa-Fulani man.
This is despite Fidelity Bank in Okonkwo's his defence few days ago stating that it duly reported the sach deposit to the appropriate quarters. The bank’s statement read: “Our attention has been drawn to reports in the media on investigations into transactions undertaken by the bank in the normal course of business in 2015.
“The transactions are now the subject matter of investigations by the Economic and Financial Crimes Commission (EFCC).
“We can confirm that the transactions were duly reported as required by the regulators and the bank is cooperating fully with the authorities on the investigation.
“We assure our numerous stakeholders, including our customers, that we are working assiduously towards a quick resolution of the issues.”
Under the Bank and Other Financial Institutions Act (BOFIA) and Money Laundering Act, banks are mandated to report unusual transactions to the EFCC."
The Board of the bank said the Executive Director, North, Mohammed Balarabe, was appointed as the acting Managing Director/Chief Executive Officer with immediate effect subject to regulatory approval.
The Fidelity Bank's board said the decision to appoint Balarabe, who was before now the Executive Director for the northern operations of the bank followed “the absence of the substantive Managing Director/Chief Executive Officer”. It did not state whether Mr. Okonkwo had been fired.
The board assured all its customers, including its shareholders of its continued services, despite the change in leadership.
It should be recalled that there is active plot of the Northern Oligarchy to crumble Igbo businesses, in order to subjugate Biafrans. These have manifested in the harsh government policies and bulldozing of Igbo shops in Lagos and the setting on fire of many Igbo shops in markets in northern Nigeria.
Fidelity is apparently the first major Igbo business outfit they are going after. Others will follow same pattern. EFCC or the DSS will be used to bring up a trump up charge against the business outfit, and the management will be forced to succumb to the terms of the Hausa-Fulani oligarchs or allowed to crumble. This was the same procedure that was used to kill virtually every industry in the South East during the military era.
The plot to render igbos economically useless was revealed in a leaked telephone conversation between a high-ranking northern Nigeria oligarch and an unidentified Yoruba man.
During the conversation, the Alhaji revealed that this plan to ‘destroy the Igbos (which means anybody from the South East or South South)’ is central to the strategy of the All Progressives Congress. He also reveals that former Governor Tunde Fashola, of the APC, used the last four years of his tenure in office to execute this plot to destroy the business base of the “Igbos”. He also revealed that the plot includes arson against the markets dominated by “Igbos” in Lagos and denying “Igbos” business licences, even though they qualify for them.
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