Nigerians in Shock as EFCC Uncovers $7 Million Ghost Deposit at Providus Bank and Transfers It to Federal Government After Court Order

Must Read

$7 Million Ghost Deposit at Providus Bank Forfeited to Federal Government

A shocking case of unexplained wealth has unsettled many Nigerians after the Economic and Financial Crimes Commission (EFCC) confirmed the final forfeiture of $7 million to the federal government. The money, worth about ₦11.2 billion at the exchange rate of ₦1,600 to $1 at the time, was deposited in raw cash at the headquarters of Providus Bank in Victoria Island, Lagos, on March 26 and 27 this year. Read Our Last Post: She Cooks, Washes and Plays the Role of a Wife – Woman Laments Neighbour’s Strange Closeness to Her Husband

According to reports, the deposits were made under suspicious circumstances. Instead of being paid into a customer’s account as normal banking practice requires, the money was taken directly into the bank’s vaults. This raised red flags among staff, one of whom acted as a whistleblower and spy for the EFCC. The insider quickly alerted the anti-graft agency.

Providus Bank, it was discovered, failed to file a Suspicious Transaction Report (STR) with the Nigerian Financial Intelligence Unit (NFIU), a move that further deepened suspicions about the source and purpose of the money.

Acting swiftly, EFCC operatives stormed the Providus headquarters unannounced. They recovered the raw cash and took some staff away for interrogation. During questioning, one of the staff revealed that the money allegedly belonged to Abuja socialite and businesswoman, Aisha Achimugu, the CEO of Ocean Gate Petroleum, who has also been linked in some circles to Lagos State Governor Babajide Sanwo-Olu.

When invited by the EFCC, Aisha denied depositing any such amount. Instead, she claimed she had taken a $7 million loan from the bank, which she had not repaid.

The conflicting stories left investigators confused. In a rare move, the EFCC even placed adverts in national newspapers, calling on anyone who owned the $7 million to step forward and explain its source. To the surprise of many, nobody came forward to claim the funds.

As a result, the EFCC moved the recovered cash to the Central Bank of Nigeria (CBN) for safekeeping. With no legitimate owner claiming the money and with the suspicious manner in which it was deposited, the agency approached the court to secure a final forfeiture order.

Yesterday, the court granted the application, making the $7 million the property of the federal government.

The strange case has left many Nigerians asking hard questions: Who really deposited such a huge amount of cash? Why was it not linked to any account? Why did the bank fail to file a suspicious transaction report? And why has no one, till now, come forward to claim ownership?

For now, the mystery remains unsolved. But one thing is clear: $7 million in raw cash, once quietly locked up in a bank vault, now belongs to the Nigerian government.

Strange, indeed.

Your support means everything! Click here 👉 prudentj2.com on Facebook and follow us for more engaging stories.