MURIC Weighs In On Union Bank PLC’s Latest Fraud Business Scandal

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An Islamic Socio-Economic and Humanitarian group, the Muslim Rights Concern (MURIC), has released a statement regarding the Union Bank of Nigeria Fiasco

Recall that the bank allegedly claimed ownership of the $2.8 million cash seized by the Economic and Financial Commission (EFCC) at the Akanu Ibiam Airport in Enugu State.

Two suspects, Igho Augustine and Ezekwe Emmanuel had earlier been arrested on Friday, 21st December, 2018 on suspicion of money laundering.

Union Bank had then released a statement, scolding the EFCC for what they said was releasing a statement without completing investigation on the matter.

According to the Director of MURIC, Professor Ishaq Akintola, Union bank is guilty of grandstanding. The body also called on the EFCC to investigate and get to the bottom of the matter

“The confession of the two suspects that they have been conveying such cash for notable banks for more than six years raises eyebrows. We strongly suspect economic sabotage. The matter must be properly investigated before the cash can be released. The bank may be grandstanding for all we care.” the statement said

“Since when has movement of cash of such humongous amount been the sole responsibility of two citizens? Is that not an abuse of due process? How safe is that in a porous society like ours? By the way, are the two gentlemen staffers of the bank? There are too many questions begging for answers in this case.

“It is also common knowledge that looters who have hidden money in uncommon places are most likely to be making attempts to bring them out in these electioneering days. The $2.8 million may be the break we have been waiting for. It may lead us to other finds.

“Finally, we call for a thorough investigation of the circumstances leading to the care-free movement of so much cash. The money must not be returned to the bank unless all evidence point to respect for due process. That money may belong to one of those looting politicians who want to use it to buy votes”.

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