• About
  • Advertise
  • Careers
  • Contact
Saturday, July 12, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

Adoke Gave Me $2.267m Cash In His House, Ex-Unity Bank GM Tells Court

•says No Record Of The Transaction Exists In Bank

by ReportersAtLarge
August 13, 2020
in Featured, News
Reading Time: 3 mins read
0
Bello Adoke

Bello Adoke

Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

A Federal High Court in Abuja heard on Thursday how ex-Minster of Justice and Attorney General of the Federation (AGF), Mohammed Adoke made payment of $2,267,200 in cash in his house to a banker.

A Federal High Court in Abuja heard how ex-Minster of Justice and Attorney General of the Federation, Mohammed Adoke made payment of $2,267,200 in cash in his house to a banker.

Rislanudeen Mohammed, a former Acting Managing Director Unity bank told the court that Adoke owed his bank N300million, but when he wanted to pay, the ex-AGF called him to his house and handed him $2,267, 200 in cash, contained in a black bag, retrieved from the boot of his (Adoke’s) car.

The ex-Unity Bank acting MD, who now works with the Bank of Industry, gave details of his relationship with Adoke while testifying as the second prosecution witness in the trial of the ex-AGF and a businessman, Aliyu Abubakar on money laundering related charges.

Led in evidence by the lead prosecution lawyer, Bala Sanga, Mohammed said, upon his appointment, he discovered that Adoke had a N300million loan facility with his bank, which was still outstanding.

RelatedPosts

Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership

Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu

UN Women, WARIF Sensitise Community To End SGBV

The witness, who said Adoke is his long time friend, told the court that one of his colleagues sought his assistance to access Adoke for whom the N300m facility was advanced for about five years.

He said, although the facility was a temporary overdraft, which normally should not exceed 30 days, the process was not completed, including the documentation and payment of the requisite 2 per cent fee, amounting to N6m.

The witness said when he eventually met Adoke and asked why he (Adoke) borrowed N300m from his bank, the ex-AGF gave no response.

“I advised him to sign the necessary documents and pay the N6m to the bank, the witness said, adding that Adoke later signed the documents and sent the N6m, in cash, through his driver.

Mohammed said, at a point, when officials of the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) came to assess Unity Bank’s liquidity status in view of the prevalence of non-performing loans, they identified Adoke’s account and threatened name it as one of those owned by politically exposed persons, who are responsible for the collapse of banks.

The witness said, because Adoke is his friend, he pressurised the ex-AGF to repay the loan to avoid his name being made public.

He said Adoke later called him to his (Adoke’s) house and handed him $2,267,200 cash that was contained in a black bag, “which he brought out from the boot of his car and transferred to the boot of my car.”

Mohammed said when the money was converted to naira, it exceeded N300m. He said the bank deducted what Adoke owed it, including the interest the loan had attracted, following which the ex-AGF sent someone to withdraw what was left and closed the account.

The witness said Adoke never had a dollar account with his bank and that there was no documentation for the cash he collected from Adoke.

He said the amount was above the threshold allowed for cash transaction under the law and that it would raised the question of money laundering had it been documented.

“The money cannot be paid into the account. It was in excesses of the threshold. It was not covered in any documentation with the bank. We did not issue any document or receipt. It did not reflect on the balance sheet of the bank.

“As at the time of the transaction, I was the Acting MD of the bank. In this case, Adoke is a very close friend of mine. I saw that his name would be damaged and I found the need to assist him,” the witness said.

Under cross-examination by Adoke;s lawyer, Kanu Agabi (SAN), the witness said he acted as an agent of Unity Bank in his dealings with Adoke.

He said his collection of cash from Adke’s house cannot be regarded as a transaction and an illegal act.

Mohammed said Adoke gave him the money in his house because he believed he was dealing with the bank.

The witness told the court that the N300m paid by Adoke was transferred to the 2nd defendant (Abbakar) to whom the title documents, earlier held as collateral, were also returned.

Earlier, the first prosecution witness, Clement Osagie, of the Foreign Exchange Department of the Central Bank, tendered 61 pages documents, relating to transactions between August and October 2013, which the court admitted in evidence.

Osagie was cross-examined by lawyer to Abbakar, Olalekan Ojo (SAN).

The trial judge, Justice Inyang Ekwo has adjourned till September 7 this year for the continuation of the cross-examination of the second prosecution witness.

Tags: Mohammed Adoke
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

News

Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership

by ReportersAtLarge
July 11, 2025
0

The Ibadan Discourse Group (IDG) recently held a national discourse in honour of the late Lt. Col. Adekunle Fajuyi, a...

Read moreDetails
Mallam Garba Shehu
News

Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu

by ReportersAtLarge
July 11, 2025
0

The Former Special Assistant on Media and Publicity to ex-President Muhammadu Buhari, Garba Shehu, has revealed that the story about...

Read moreDetails
News

UN Women, WARIF Sensitise Community To End SGBV

by ReportersAtLarge
July 11, 2025
0

The United Nations Women, in partnership with the Women at Risk International Foundation (WARIF), on Thursday staged a house-to-house sensitisation...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Lionel Messi

Barcelona: Suarez Expresses Optimism On Messi In New Deal

9 years ago
Sally Mbanefo With ICAN President

Now Is Time To Diversify Into Tourism-Based Economy —Sally Mbanefo

9 years ago

Popular News

  • Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership

    0 shares
    Share 0 Tweet 0
  • Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu

    0 shares
    Share 0 Tweet 0
  • UN Women, WARIF Sensitise Community To End SGBV

    0 shares
    Share 0 Tweet 0
  • Nigerians Face Tough New Visa Rules: What You Need to Know

    0 shares
    Share 0 Tweet 0
  • Governance Crisis In Nigeria: Experts Chart Course For 2027 Elections At SWEGOP Anniversary

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership July 11, 2025
  • Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu July 11, 2025
  • UN Women, WARIF Sensitise Community To End SGBV July 11, 2025
  • Nigerians Face Tough New Visa Rules: What You Need to Know July 10, 2025
  • Governance Crisis In Nigeria: Experts Chart Course For 2027 Elections At SWEGOP Anniversary July 10, 2025
August 2020
SMTWTFS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Jul   Sep »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights