Stanbic IBTC, Tech Mahindra, in NMultimillion Fraud ...How Bank’s ED Connived With Tech Mahindra to Defraud Airtel Nigeria

Information reaching shybellmediaonline.blogspot.com has it that serious fraud is rocking the financial institute. The fraud is supposed involvement of Stanbic IBTC pension managers in pension fraud rocking Tech Mahindra, an Agent of Airtel Telecommunications Nigeria.

However, as terms of agreement between Airtel Nigeria and Tech Mahindra, payments of staffs will be done by Airtel to Tech Mahindra depending on the man power needed. And Stanbic IBTC was employed by Tech Mahindra to take charge of the payment of pension for staffs.

Source revealed that, Tech Mahindra is working below the man power known to Airtel telecomms.

Clarification, Airtel pays for employed 50 personnel while Tech Mahindra in reality has downsized to 20 personnel.

This terrible act by Tech Mahindra has been on for a while, Airtel Nigeria keeps paying for multitude of staffs while Tech Mahindra Management and Stanbic IBTC who is expected to manage the account for sacked staffs, keeps harboring them.

The Sola David-Borha led Stanbic IBTC allegedly connived with Tech Mahindra to perpetuate the fraudulent act with the aid of one of its Executive Directors who has been linked with siphoning the pension funds being paid into the bank by Airtel Telecomms for employed staffs.

Reliable source has it that staffs whose appointments has been terminated by Tech Mahindra still collects salaries from Airtel Nigeria with pensions deducted by Stanbic IBTC.

It’s recalled that Tech Mahindra have in the past being linked to threatening Airtel Telecommunication networks causing several network hiccups for Airtel customer due to misunderstanding that generated between the two companies in the past few months.