According to GTBank officials, the official CBN burned the bullion van, “stole the N70M” from Kano.
Two brothers, Yusuf Mukhtar and Bashir Mukhtar, employees of CBN and GTBank respectively, allegedly conspired to steal 70 million Mahrs by burning a van of gold to cover their tracks.
DAILY NIGERIAN has learned that the duo conspired with a van driver to fill the car with gas and set it on fire on November 13 on an isolated highway at the new campus of Bayero University in Cano.
When they set the van on fire at around 6:47 pm, insiders said they took some of the money and loaded it into another vehicle before the firefighters and police arrived.
The newspaper reported that Bashir, who coordinates the cash flow at GTBank Kano, abused his position by deliberately accepting mutilated naira banknotes that were marked for destruction by his brother Yusuf, who works at the state bank office. …
“Having received the money, they will exchange it for good tickets and hide in their houses,” said a source familiar with the investigation.
“The plot went awry when Bashir realized that the auditors would soon question the enormity of the mutilated records, trace their sources, dates of receipt and much more. So they organized the arson and made it natural. “
Witnesses from the university told DAILY NIGERIAN that they saw the passengers in the van set fire to it and took some of the money out of the burning car.
A series of videos received by the newspaper also show that the car is on fire and that observers question the “accident” of the fire.
Sources tell DAILY NIGERIAN that firefighters and police investigators also suspected foul play in the “fire incident” when they discovered the smell of gasoline on some half-burnt banknotes inside the armored compartment.
The van driver, an employee of Bankers Warehouse, was arrested for the first time and after investigation confessed to the crime and named his brother and his other accomplices.
Bankers Warehouse, according to their website, is a privately held company that “has a service contract with the Central Bank of Nigeria (CBN) to receive, process, sort, store and disburse cash to deposit money banks (DMBs) on behalf of CBN”.
Sources said the deal could not have been completed without the connivance of some company officials.
But during interrogation, Bashir admitted that his accomplice had allegedly provided mutilated notes and exchanged them for good ones from GTBank.
After receiving a search warrant, investigators searched their homes and found that 40 million N40 million were hiding in their father’s home.
Sources said the brothers resorted to orchestrating the robbery when their original plan to put mutilated money in a Bankers Warehouse or CBN failed.
The banker, who chose not to be named, said the bank is hosting a huge amount of mutilated banknotes and must get approval from the supervisors of the branches of the higher bank. “However, banks are not just dumping money at CBN. It will be difficult for GTBank to submit such a request without raising doubts about the colossal amount, ”the banker said.
“There is a Calculated Certified Purity (CAC) for distribution and a Calculated Certified Purity (CAD) for disposal. So the records they used to simulate the accident are meant to be destroyed. “
Insiders told DAILY NIGERIAN that CBN Cano recently denied a plan to sell dirty € 90 million banknotes that had previously been marked and shredded for destruction by Apex Bank itself. “Although this is a different case, there are indications that something is indeed suspicious.”
After the two brothers were detained at the Criminal Investigation Department, the police released all the suspects without criminal charges being brought against them.
DAILY NIGERIAN collected that the police would collect 1,500,000 N 500,000 to release them on bail.
When contacted on Monday, Kano State Police spokesman Abdullahi Kiyawa confirmed the arrest and collection of funds, adding that police are still investigating the matter.
He said that the brothers were released on the basis of an agreement reached by all parties concerned to return the money.
When our reporter asked if the police could “forgive” this kind of crime without being charged, the police spokesman said he should have had time to get more information on the case.
Mister. Kiyava did not respond to repeated calls on Wednesday asking for further clarification on this matter.
However, sources told DAILY NIGERIAN that the bank is more concerned about “recovering the stolen funds,” as prosecution of the employees involved could put the bank in a difficult position.
GTBank’s Corporate Communications Manager Tolulope Onipeda did not respond to calls or emails asking the bank to respond.