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Petitions to EFCC, SSS accuse Chinese expatriates of colluding with bank manager to steal N17 billion from two Nigerian ceramic companies

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Zenith Bank Plc and its Lokoja Branch Manager, Salawu Nasiru, together with two Chinese citizens, Liu Yangxi and Ma Zhuang, have conspired to defraud two Nigerian ceramic companies and their directors.

Messrs Salawu, Liu and Ma were accused of fraudulently obtaining about N17 billion in credits on behalf of BN Ceramic Industry Limited and NB Ceramic Limited, and Zhang Qide, a director and shareholder in the ceramic firms.

The loans, secretly obtained without the knowledge of the Nigerian companies, were disbursed to Liu between November 4, 2021, and August 31, 2023.

Documents also indicated that Mr Salawu, the Zenith Bank branch manager in Lokoja, received over N100,000,000 as kickbacks for ‘facilitating’ the N17bn loan dubiously obtained by Mr Liu and his accomplices.

Mr Liu, like Zhang Qide, holds positions as a shareholder and director at the ceramic firm, and Messrs Ma and Liu have family ties.

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The predicament of the Nigerian ceramic company and its director, Mr Qide, began with Mr Liu, without proper consultation or approval from the management, directors, and shareholders of BN Ceramic Ltd orchestrated, with the assistance of Messrs Ma and Salawu, the acquisition of a N3 billion loan from Zenith Bank, findings showed.

“Liu, in collaboration with Ma and Salawu, falsified Zhang Qide’s signature on the loan documents, including the offer of credit facility and the approving board resolution. Additionally, Mr Liu engaged in criminal conduct by falsely presenting himself as the managing director of both BN Ceramic Industry Limited and NB Ceramic Limited.

He proceeded to pledge/charge all fixed and floating assets of the BN Ceramic Industry Limited and NB Ceramics Limited, including its machinery and equipment, as collateral for the loan, without proper authorisation from the respective boards and shareholders of both companies.

Upon the approval and disbursement of the N3 billion loan into NB Ceramic Limited’s account, Liu paid N69,900,000 as kickbacks to Mr Salawu and also cleared the bank fees. Thereafter, without obtaining necessary consent or adhering to the company’s approved procedures, Mr Liu immediately transferred the remaining N2.68 billion balance to the companies he controlled. One of the companies, Wetech Industry Ltd got N300 million. The second company, Pure Biotech Company Limited, got N701 million, while the third company, CBC Oil & Gas Services Ltd, received N1.67 billion. After the accounts of the three companies were credited, Liu quickly laundered the funds into Chinese Yuan and transferred them to his personal account in China, all without informing or gaining approval from the board,” a staff of NB Ceramic Limited, who craved anonymity, said.

The staff further noted that “Mr Liu collaborated with a member of his criminal group to establish a shell company named Wetech Industry Limited. In this arrangement, Liu and Lu Hao, represented by Bello Musa as a front, held 45% and 55% of the shell company’s shares, respectively. “Custom Clearance and Inland Transportation for the Second Lot of AKK Project” with BRENTEX CPP Ltd.

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Breaking :Inferno at Northwest University City Campus

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A raging fire has engulfed the Northwest University City Campus in Kano, with thick smoke billowing from the iconic Ado Bayero building. Reports indicate emergency responders are on the scene.

Details later

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Governor Yusuf Condoles Emir Sunusi II,APC Chairman Over The Demise Of Galadiman Kano

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In a solemn expression of grief, Governor Abba Kabir Yusuf has extended his heartfelt condolences to the Emir of Kano, His Highness Mallam Muhammadu Sanusi II, the Kano Emirate Council, and the Kano State APC Chairman, Alhaji Abdullahi Abbas, following the passing of the esteemed Galadiman Kano, Alhaji Abbas Sanusi.

The late Galadiman Kano, who passed away at the age of 91 on Tuesday night in Kano, was a revered elder statesman and a cornerstone of the Kano Emirate. His life was marked by dedicated service to the Emirate, where he held prominent traditional titles, including Wamban Kano, and served as a trusted advisor to the late Emir of Kano, Alhaji Ado Bayero.

Governor Abba Kabir Yusuf described the loss as a profound tragedy, not only for the Emirate but for the entire state of Kano. He praised the late Galadiman Kano for his wisdom, discipline, and unwavering commitment to preserving Kano’s rich cultural and traditional heritage.

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“The passing of Alhaji Abbas Sanusi is a great loss to Kano State. He was a father to many and a custodian of our rich traditions. His wisdom and contributions to the progress of the Emirate will be remembered for generations,” Governor Yusuf remarked.

The Governor also extended his condolences to the people of Kano State, emphasizing the monumental loss of Alhaji Abbas Sanusi. He prayed for Almighty Allah’s mercy upon the departed soul and for strength for the family to endure this great loss.

In a statement signed by Comrade Ibrahim Abdullahi Waiya, Commissioner of Information and Internal Affairs, Governor Yusuf urged the people of Kano to honor the memory of the late Galadiman Kano through prayers and by upholding the values of unity and service that he exemplified throughout his life.

The passing of Alhaji Abbas Sanusi leaves a void in Kano’s traditional leadership, but his legacy of wisdom and dedication will continue to inspire generations to come.

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Hon. Abubakar Bichi Mourns The Passing Of Galadiman Kano, Alhaji Abbas Sunusi At 92

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In a heartfelt tribute, Honourable Abubakar Kabir Abubakar, Chairman of the House of Representatives Committee on Appropriation, has mourned the passing of Alhaji Abbas Sunusi, the Galadiman Kano, who died at the age of 92. The late Galadiman Kano passed away in Kano on Tuesday and was laid to rest the following day in accordance with Islamic rites.

Expressing his condolences, Hon. Abubakar Kabir Abubakar described the news of Alhaji Abbas Sunusi’s passing as a source of profound sadness and shock. He praised the late Galadiman Kano for leading a peaceful and exemplary life, which he deemed worthy of emulation.

The Honourable Member highlighted the special connection between the late Galadiman Kano and the people of Bichi, where he was born during the tenure of his father, the late Emir Muhammad Sanusi I, as the district head of Bichi. This bond, he noted, has continued to foster a sense of belonging among the people of Bichi, a constituency Hon. Abubakar currently represents in the Federal House of Representatives.

In his statement, Hon. Abubakar extended his condolences to the Kano State APC Chairman, Alhaji Abdullahi Abbas Sunusi, who lost his father at a time when his guidance and wisdom were most needed.

“On behalf of my family and the entire people of Bichi Federal Constituency, I pray to Almighty Allah to grant the late Galadiman Kano, Alhaji Abbas Sunusi, eternal rest and Aljannatul Firdausi,” said Hon. Abubakar Kabir Abubakar.

The passing of Alhaji Abbas Sunusi marks the end of an era for Kano State and the Kano Emirate Council, leaving behind a legacy of peace and leadership that will be remembered for generations to come.

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