Adoke Gave Me $2.267m In cash, Ex-Unity Bank MD Confesses

Hamilton Nwosa
Writer

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A banker and former Acting Managing Director of Unity Bank Plc has told a Federal High Court sitting in Abuja that former Minister of Justice and Attorney General of the Federation (AGF), Mohammed Adoke, actually handed over the sum of $2,267,200 in cash to him in his house.

The banker, Rislanudeen Mohammed, explained to the court that the background to the transaction was that Adoke was indebted to the bank to the tune of N300 million.

Mohammed said when Adoke wanted to pay up on the debt, he invited him to his house and handed him $2,267,200 in cash in a black bag that he said had been taken out of the boot of the ex-AGF’s car.Adoke unity bank

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The banker, who now works with the Bank of Industry (BoI), gave details of his relationship with Adoke while testifying as the second prosecution witness in the trial of the ex-AGF and a businessman, Aliyu Abubakar, on money laundering-related charges.

Led in evidence by the lead prosecution lawyer, Bala Sanga, the banker said following his appointment, he discovered that Adoke had a N300 million loan facility with his bank, which was still outstanding.

The witness, who said the ex-AGF is his long-time friend, told the court that one of his colleagues had sought his assistance to enable Adoke access the N300 million facility for about five years.

He said although the facility was a temporary overdraft, which normally should not exceed 30 days, the process, including the documentation and payment of the requisite two per cent fee, amounting to N6 million, was not completed.

Mohammed said, at a point, when officials of the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) came to assess Unity Bank’s liquidity status in view of the prevalence of non-performing loans, they identified Adoke’s account and threatened to name the account as among those belonging to politically exposed persons who are responsible for the collapse of banks.

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The witness averred that because Adoke is his friend, he pressurised the ex-AGF to repay the loan to avoid his name being made public.

Under cross-examination by Adoke’s lawyer Kanu Agabi (SAN), the witness affirmed that he acted as an agent of Unity Bank in his dealings with Adoke.

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