Mobile Money Agents Suspend President, Police Petition – Nigeria – The Guardian Nigeria News – Nigeria and World News

The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has formally petitioned the Nigerian Police over an alleged N65 million fraud involving some of its executives.

The petition, addressed to the Assistant Inspector General (AIG) of Police, Zone 2 Command, Onikan, Lagos, alleges that Mr. Fasasi Atanda, the Chairman of the association, embezzled the money.

The petition, dated November 4, 2024, accuses Atanda of improperly receiving association funds into his personal and business bank accounts, in violation of AMMBAN’s financial regulations.

The alleged misconduct led to his suspension by the association’s Board of Trustees, pending the outcome of the police investigation.

The petitioners expressed concern over Atanda’s actions, citing his failure to account for the funds despite several agreements. They also asked the police to look beyond the fraud allegation and investigate possible violations of the Companies and Allied Matters Act (CAMA) by the suspended president.

Attempts to reach Atanda for comment were unsuccessful. In the meantime, the BoT has assigned Dr. Obioha Otti, the former vice president 1 of the association, appointed acting president. Otti assured AMMBAN members that the association would remain united and move forward.

He urged members to reconsider cooperation with the suspended President, stressing that AMMBAN’s long-term stability is in everyone’s interest.