The Managing Director of Peace Mass transit Dr. Sam Maduka Onyishi has returned the sum of N2,219,500,000 which he said was wrongly paid into his account.
Dr. Maduka while explaining how the huge amount was discovered in his bank account over the weekend. Said he discovered the money in his Unity Bank account, returned same to the First Bank.
The transporter who called the media to explain the event over the weekend in Enugu, said that he had requested for $3m from First bank to be paid into his Unity account only to be paid $10m. He was paid N3,219,500,000 instead of N1,000,000 representing an excess of N2,219,500,000.
The excess money was paid back to First Bank and a cheque of the amount was received on behalf of First Bank by the Business Manager, Commercial Banking, Mr Kokelu Ben in the presence of the Branch Manager, Unity Bank, Enugu Branch, Mrs Ifeoma Eleanya.
In his statement,
“The amount they paid in was N3,219,500,000 but my own money there is N1,000,000,000 so the balance is 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 Dollars that doesn’t belong to me.
“I told my bank (First Bank) to pay money into my Unity bank account that I want to take 3 million dollars and they paid ten Million Dollars instead. I called them and informed (First bank) that the amount they paid to me was more than the amount I requested. They told me that the ten million Dollars was my money.
“I was angry with them. I asked them how come I have this kind of money and I’m 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 have failed to give me a statement of my account even when I have demanded for it severally. I discovered later that the amount was even more than what we are 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 is 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 and no one called me. I told the devil that he is a deceiver and a liar. He knows that I need money now that is why this thing is happening now.
“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.
“I had sent emails to the bank to inform them of the wrong payment and they didn’t find anything. My account in First Bank was not debited so they did not see it. Unity Bank did not see anything because they just received the money”
Dr. Maduka however called on the management of CBN, and the two banks involved to look into the source of the excess funds as such leakages could come with consequences for any commercial institution.