> > COMEDIAN ALI BABA’S WIFE MARY AKPOBOME EMERGES ENTERPRISE BANK NEW MD > > > > ….HOW HER INCOMPETENCE OVER N10B LOAN DEAL RUINED BANKPHB

It’s no longer news that the banker wife of popular comedian Ali Baba, Mary Akpobome, is the new managing director of Enterprise Bank that was recently acquired by Heritage Bank. What many people do not know about her flourishing banking career is that she had at one time been involved in a multibillion naira scam that ended her career at the defunct BankPHB where she was one of the directors. 

While she was at BankPHB, Mary was said to have been one of those who recapitalized the bank when it needed to inject fresh funds into it and she had put in her best. However, news was soon to filter into the public that she quit the bank suddenly without the usual fun fare that always follows when someone of her status leaves such an establishment where he or she is a force to reckon with.
While a lot of people believed she resigned honourably to face future challenges, her sudden exit was on the other hand a topic that was discussed in hush-hush tones back then the one-time BankPHB super big girl was forced to resign in lieu of sack and total disgrace in 2008 as a face-saving move.
We learned that the bone of contention was a N10 billion loan deal-gone-sour, though many people insist that her carelessness and incompetence led to the granting of the loan as she supervised the whole transaction from beginning to the end without proper collateral. Another set of people, however, claimed that considering her experience and dexterity on the job, she would not superintend such a bogus loans facility without proper documents but everything smirked of fraudulent scam which she allegedly knew about as it was the custom of directors of BankPHB to get involved in shady deals or cut corners, perpetrating series of fraud using series of professional tactics to steal and loot the bank until the bubble burst.
Apart from Mary Akpobome who got her hands burnt over the bad loan, other directors of the defunct BankPHB were also alleged to have different means of perpetrating their fraudulent activities. For example, if company XYX applied for a loan of N100 billion, after sometime they would write back the applicant declaring that the application could not be honored due to reasons known to them.
But this would not be the end of the application as the directors would later use the application to grant the loan without the applicant knowing about the deal and thereby shared the money among themselves. To cover their fraud, they would sent the letter to CBN with names of the applicant to make it look real. Many of these companies or individuals got to know about this high-wire fraud when the CBN under Lamido Sanusi published the names of bank debtors and it got to the open that they had been scammed.
C-Global News
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