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Alleged N188m fraud scandal: Count Nsima Ekere out of it – TECHSEL 

Nov 06, 2017
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Alleged N188m fraud scandal: Count Nsima Ekere out of it – TECHSEL 


*Says Akwa Saving does not know what they’re doing 


*Describes action as attempt to divert attention from it failures 




Nov 6, 2017


Following an allegation of N188 million fraud scandal levelled against the Managing Director of Niger Delta Development Commission, NDDC, Obong Nsima Ekere by the management of Akwa Savings & Loans Limited, TECHSEL PRODUCT LIMITED has said that the NDDC managing Director has never been a member of the company, description such information as false and baseless. He however urged perpetrators of the false information to leave Nsima Ekere of out it.


It could be recalled that some state-based tabloids owned and managed by aides to the Akwa Ibom Governor, had published a misleading information with the caption “NDDC BOSS, NSIMA EKERE ALLEGED IN N188M FRAUD SCANDAL, EFCC PETITIONED.” The story alleged that the Managing Director of NDDC, Obong Nsima Ekere was involved in N188 million fraud. The said story, which was also published in the social media platforms, reads in part, “Nsima Ekere, the managing director of the Niger Delta Development Commission, NDDC, is embroiled in another massive financial scandal in which a bank has dragged him to the Economic and Financial Commission, EFCC, demanding a refund of N188 million and prosecution for financial misdeeds. The alleged fraud dates back to when Nsima Ekere was deputy governor of Akwa Ibom State from May 2011 to October 2012 when he unceremoniously resigned to avoid impending impeachment. According to Akwa Savings & loan Limited, the former deputy governor illegally withdraw money from 9 bank account and diverted them to an Ekere family company.”


Reacting to the allegation, the Managing Director of TECHSEL Products Limited, Mr. Idorenyin Ekere who spoke with selected newsmen in Ikot Abasi last Sunday hinted that the company has never been involved in any illegal transaction, adding that all the transactions it carried out with Akwa Savings were legitimate and auditable.


According to Mr. Idorenyin Ekere, “The period under reference, Nsima was not the Deputy Governor of Akwa Ibom State. What actually happened was that TECHSEL has been a long standing customer with Akwa Savings. And there was an account dominated in dollars and an instruction was issued to be paid in naira. And they said, ‘write a cheque.’ A cheque was written and the bank paid the money. Up till now, there is a balance of about two hundred dollars. So, you go and write a cheque and receive money and someone is coming to say that the bank stole money to pay you. What’s your business? And the so called governor who is supposed to be a banking guru should know that there’s no external person or group of persons that has authority to direct a bank on how to manage their funds or their sources of income or funds. What I think they should do is that if the people in government, you know they’re all adults who have chosen a path to trek. If the path they want to trek is to abdicate the responsibilities of government and rather concentrate on trivialities into politicking every issue and deviate people that are focused, people that want to develop the state. They can go ahead to do whatever they want, but whatever they do, His Excellency, Obong Nsima Ekere can never be distracted. He is focused, he’s determined. So, everything in that thing is a big lie; absolutely lie. At the appropriate time, a redress will be sort.


“They’re talking about fraudulent transactions, we don’t know what they’re talking about. All the transactions between TECHSEL and Akwa Savings are legitimate and auditable. We don’t know what they’re talking about. We are even very happy that they’re writing to the Inspector General of Police, so we’re giving them full cooperation to go ahead with the investigation and come out with their report. The bank don’t seems to know what they’re doing. I don’t think they know what they’re doing.


“And what they’re even talking about, His Excellency Obong Nsima Ekere is not even a director of TECHSEL. He’s not even a signatory and not a member of the board. He has never been. Not that he was there or was a stranger. He has never been a member of the company.


“Instead of them to look at the deficiency of government, they’re trying to divert attention, which they will not succeed. They want to distract His Excellency, Nsima Ekere from performing his wonderful works, they will not succeed,” he said.


When asked if TECHSEL company has made any attempt to contact the management of Akwa Savings on the matter, he said, “just like you, I read the thing on the Social Media. Nobody has contacted me. They have set up an investigation before. You know, when they changed management, I don’t know what they were doing, they brought in auditors and all that and they raised up issues, which they invited us and we clarified. They have brought up this matter before and we told them that we were doing a legitimate transaction,” he concluded.

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