NEXIM Bank Director In Police Dragnet Over Multimillion Naira Employment Scam



The job of the Director of NEXIM Bank is on the line for her alleged involvement in a scam that took place in the build up to the 2011 presidential elections. Presently, she is at the Louis Edet House; headquarters of Nigeria Police, telling her side of the story in an imbroglio between herself and a land speculator in the nation’s capital  

Ms. Folake Abdulsalam, one of the Directors in Nigerian Export Import Bank, [NEXIM] since last week has been a regular visitor to the Louis Edet House, headquarters of Nigerian Police in Abuja.

For the former Managing Director and Chief Executive officer of the Crystal Micro finance, Abuja, this is a defining moment as the Inspector General of Police [IGP] and the Ministry of Finance, the supervisory ministry in charge of NEXIM bank, has commenced investigation into her sordid mess.  Pieces of evidence at’s disposal strongly suggest the embattled Director must have forged her way into the exalted office, at NEXIM bank.

Our investigation confirmed that agents of the Nigerian police  had  invited  Abdulsalam  thrice  last  week  following  a petition  sent  to the Inspector –General  of Police, which uncovered  her dirty under belly.

Ochube had on August 19, 2013, through her counsel, Mr. Audu Adamu of S. A  Apeh and co, an Abuja base legal practitioner petitioned the Folake Abdulsalam. The petition was entitled “Attempt Murder; Kidnapping; Assassination; Threat to Life; Criminal Intimidation: Criminal breach of Trust and Cheating by one Folake Abdulsalami

The Inspector General of Police through his Principal staff officer, DCP Murtala U. Mani, acknowledged the receipt of the petition – of which was forwarded to the IGP monitoring Unit, the Nigeria Police Force, Force Headquarters, Abuja for onward investigation.

The letter from the IGP accompanying the petition – with reference Number,7000/IGP.SEC/ABJ/VOL./64/132, dated August 26, 2013 – stated “I forward herewith copy of a letter dated 19 August, 2013, from SA Apeh and Co. on the above subject. The Inspector General of Police directs you to treat, please”.

However beyond the façade of the allegations lies a dirty under belly – of a monumental scandal of how a desperate applicant, Abdulsalami fraudulently worked her way into the top position at the Nexim bank.

According to the information available to, at the heart of the unfolding imbroglio is Mrs. Ochube, an a Abuja based land speculator who is reported to be influential because of her connections to top individuals with power, and also one of the major coordinators of the Goodluck Jonathan’s presidential campaign in 2011.  She was active under the Women Initiative for Change [WIFC].

Mrs. Ochube met Folake Abdulsalami during the buildup to the 2011. Folake Abdulsalami was reported to have sought assistance from Mrs. Ochube in order to obtain employment.

According to Folake Abdulsalami, Mr. Ochube was “an acquaintance” of her. But the relationship between the two women blossomed when Mrs. Ochube learnt that Folake Abdulsalami’s had allegedly spent the sum of N150,000,000,000 in the Jonathan /Sambo’s presidential campaign.

But the relationship took an unpleasant immediately following the presidential polls.  According to Ochube, “Abdulsalami after the 2011 Presidential campaign approached me, that if I could link her to anybody in the presidency, to facilitate her appointment at the NEXIM bank, she will pay me N150Million. I thereon introduced her to one Owoicho Edwin, who later on introduced her to one Biodun in the Presidency; from there her deal for the appointment at the NEXIM bank was sealed”.

Folake Abdulsalami paid an initial N1,000,000 to Mrs. Ochube for connecting her to Edwin Owoicho. The N1million was deposited into Mrs. Ochube’s Zenith account in Abuja (Number withheld) by Abdulsalami’s driver,

Mr. Odey.  Abdulsalami confirmed the payment of the N1000,000 into Ochube’s account to But Folake Abdulsalami discounted Mrs. Ochube’s narration of events as not true.

In her email to our correspondent, she wrote, “In response to your mail and questions on the above subject matter.  Ochube was an acquaintance whom I met through one Ben, who was a staff in my corporative about three years ago. She was introduced to me as a land vendor; the relationship was strictly business; she visited my home about twice to advertise her said plots of land for sale. It was on one of those few visits she claimed that the said plot of land she was selling belonged to somebody in the presidency”  In the course of the discussion, she encouraged me to join the Women Initiative as she knows some key members of the Association. After indicating my interest, she then asked that if I don’t mind, she will forward my number to one Edwin Owoicho, for further contact on the issue. A few days later, I got a call from a man who introduced himself as Mr.    Edwin Owoicho-that he got my number from one Regina Agwuda Ochube concerning my interest in the Women Initiative for Change. The said Edwin, then informed me that though he does not have any of such contact but would rather introduce me to one Biodun, who may be of assistance. On her next visit to my House, I told her Edwin called but said he could not be of any help in pursing my interest in the women Initiative for change, however he told me of one Mr. Biodun, whom he said may be of assistance. It was at this point the said Regina Ochube informed me that for the fact that Edwin Owoicho has spoken with me, she demanded to be paid the sum of N1,000,000 for talking to Edwin Owoicho.”.

The embattled Director indicated that she was forced to pay the N1million following persistent demand and threats from Ochube. “I paid the N1,000,000 into her account”.

Ochube, however, told that the director is being economical with the truth.

In her words, “When it became obvious she was not ready to pay me the balance of N49,0000,000, because as she claimed there was no written agreement to that effect, the only way I could established my claim is to make her to credit my account” She wondered how Abdulsalami, could have caved in to threats and the alleged intimidation without reporting to the Police.

Meanwhile, the Police and the ministry of finance have commenced full scale investigation into the matter. The IGP’s monitoring Unit headed by Deputy Commissioner of Police; Dan Malam Mohammed has commenced investigations.

The case is assigned to DSP Eche Goddey as the Investigation officer.



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