Gen. Muhammadu Buhari’s Son, Mohammed Swindles by Sterling Bank Staffers to the Tune of N3Billion [Messy Details]

Banks are the custodian of customers’ hard earned money and investments, and consequently, play a vital role in shaping their future.

They are an institution were truth and believes about finances and documents are kept. They are well respected and placed on a high plinth.

However, bank should be responsible, reliable and trustworthy in a bid to sustain the loyalty and patronage of its customer.

Meanwhile, reverse is the case when one Mohammed, the MD/CEO of Briclinks Integrated Services Limited located at 4, Oguda Close, Opposite Lake Chad, Maitama, Abuja, got his fingers burnt due to the irresponsibility of his bank.

Mohammed, the biological son of General Muhammadu Buhari (Retd), has been duped to the tune of N3.66Billion by Sterling Bank Plc.

On 29 August, 2012, Mohammed’s company (Briclinks) signed a sales and purchase contract agreement with Frank Karkite owned Enegas Power Limited, located at 14 Oladipo Street, 2nd Avenue, Abacha Estate, Ikoyi, Lagos. The deal is for Briclinks to supply Low Pour Fuel Oil (LPFO).

Part of the agreement reads that “The seller (Briclinks) has agreed to sell and the buyer (Enegas) has agreed to buy on CIF basis a single cargo of total quantity of 40,000 Metric Tonnes ±10% of Nigerian Petroleum Product delivered to Abidjan, Cote d’ivoire.

On 3 September, 2012, Olanrewaju Olalusi and Morohuke Eyi-Ogungbamila, both of the Structured Finance department of Sterling Bank, stamped and acknowledged a letter with the bank’s letterhead paper dated 29 August.

The letter, which was sent to Mohammed, had the title ‘Irrevocable payment for the supply of petroleum product.’ As a matter of fact, Enegas, the company Mohammed supplied the petroleum products, is a customer of Sterling Bank, and had instructed his bank to write Mohammed, confirming that the sum of N3.66billion for the supply of the goods will be transferred to Briclinks’ Ecobank account immediately the demanded goods have been delivered.