Adam Nuru, Managing Director of the First City Monument Bank (FCMB) has told the Ayo Salami-led panel of investigation into Ibrahim Magu’s corruption allegations that the money sent to Prophet Emmanuel Omale was a mistake.
Presidential Committee on Audit of Recovered Assets (PCARA) had accused Magu, suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), of using the accounts of the clergyman to launder huge sums of money abroad.
As part of its accusations, it said Omale’s name was used by Magu to buy choice properties in Dubai.
Nuru, testifying before the Ayo Salami panel-led said the bank has just discovered that the transfer was a mistake, four years after it made the transaction.
“On January 16, 2016, we made a return to NFIU which indicated that there was a transaction of an inflow of well over N573million. (N573,228,40),” the bank MD said.
“This return was said to be in favour of Divine Hand of God Prophetic Ministries Account No 1486743019.
“After that report, we conducted an investigation and discovered that the lodgement which we reported to NFIU was an error.
“The error was as a result of the fact that we were using a bank application called Pinnacle-7. However, we migrated from that application to a newer version called Pinnacle-10.
“Usually, when the bank intends to migrate from one application to another, we utilize weekends to carry out the exercise. The migration involves moving all the balances of customers from the previous application to the new application. The account of the Divine Hand Ministries was moved during that migration.
“It was that balance of N573million that was wrongly posted as an inflow into Divine Hand Ministries as reported to NFIU. This error was not peculiar to Divine Hand of God Prophetic Ministries alone but was also ascribed to 27 other accounts.”