Five UBA Staff on Administrative Leave as Drive Elopes With N25 Million Depositors’ Funds

LAGOS/Nigeria: Five staff of the United Bank for Africa, UBA had been asked to proceed on an administrative leave, as a driver attached to the Okota, Lagos branch of the bank has eloped with N25 million meant for some automated teller machines, ATM, around the zone.

Findings by BusinessLive shows that the incident took place penultimate week Tuesday and no fewer than five bank officials have since been put on administrative leave over the matter.

Inside sources close to the Okota branch of the bank hinted our correspondent that the fleeing driver in company of two others were heading towards one of the automated teller machines when the two officers reportedly told the driver to pull over so that they (the two officers) could eat at the nearby restaurant.

No sooner than the officers entered into the restaurant that the driver saw an opportunity to make it fast by driving the vehicle to an unknown destination.

It was further learnt that the two officers were disappointed when they arrived at the point where the driver parked the bank’s vehicle as he (the driver) was nowhere to be found.

The two bankers were said to have put up a call to the driver but his telephone line was dead.

The matter was said to have been reported to the zonal control officer, Ms Angela Ikpo who in turn reported the matter to the UBA’s top management through UBA’s DC.

Preliminary investigation revealed that the vehicle that was conveying the cash was not equipped with the expected security gadgets such as a panic alarm system.

The safe that was needed to be put in the vehicle was nonexistent. Hence the fleeing driver had free access to the cash as he disappeared into thin air. All the officers involved in the matter were said to have been put on administrative leave as investigation progresses.

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