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Peace Mass Transit Boss Returns N2.2bn Wrongly Paid Into His Account By First Bank

DR. MADUKA ONYISHI 

A sum to the tune of N2.2bn which was wrongly paid into the First Bank of Nigeria account of the Managing Director, MD, of Peace Mass Transit, Dr. Maduka Onyishi, has been returned to the bank.

Dr. Onyishi in a statement explained that the cheque covering the said sum was received on behalf of the financial institution by the Business Manager, Commercial Banking, Kokelu Ben; and the Branch Manager, Unity Bank, Enugu Branch, Ifeoma Eleanya.

The transport mogul noted that he had requested for $3m from the Central Bank of Nigeria, CBN, through the Unity Bank Plc., only to be paid $10m instead, which is about N3,219,500,000, representing an excess of N2,219,500,000.”

According to Dr. Onyishi, “The amount they paid in was N3,219,500,000, but my own money there was N1,000,000,000; so, the balance was not my money.

“I said that I cannot invest this money and be gaining from another person’s money and I can’t also keep it. I can’t keep $7m that doesn’t belong to me.

“I told my bank to pay money into my account that I wanted to take $3m and they paid $10m instead.

“I called them and informed them that the amount they paid to me was more than the amount I requested. 

“They told me that the $10m was my money. I was angry with them. I asked them how come I had this kind of money and I was not aware of it.

“I asked them how come they went ahead to invest my money without telling me, so that I can use my money and then I can know how much I have.

“I told them that they had failed to give me a statement of my account, even when I had demanded for it several times.

“I discovered later that the amount was even more than what we were talking about because there was another person I asked the bank to pay money to whom they even paid extra.

“I made enquiries and they told me that I should wait until when it was time for banks to do reconciliation, they will discover whether the fault was from First Bank, Central Bank or Unity Bank.

“I waited for a whole month, but no one called me.

“That’s why I said, let me invite First Bank and Union Bank and also invite journalists.

“I said let me give the money to First Bank, if they find out that the money is mine, they should return it. If it belongs to Unity Bank or CBN, give it to them.

“If it is your own, keep it. So I am giving this money to you to keep on trust.”

Dr. Onyishi charged the CBN, Unity Bank and First Bank to trace the origin of the said sum, with a warning that such leakages could come with dire consequences for any commercial institution.

Responding, the business manager, commercial banking, First Bank, Kokelu Ben, described the PMT boss  as a man of Integrity.

According to Ben, “When we look in into the situation, we will advise him on what happened and how to remedy this situation.”

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