Business
Owner Of Polaris Bank, Lawan Allegedly On The Run After Laundering Over N10Billion In One Year Using BDC Sanctioned By CBN
The owner of Polaris Bank, Auwal Lawan Abdullahi, Allegedly used JNFX Nigeria Limited, a Bureau De Change sanctioned by the Central Bank of Nigeria, CBN, to launder over N10billion in one year.
According to Mr. Jackson Ude the publisher of pointblank news make the revelation in her s verified Twitter (X) handle. He said, in 2020, Abdullahi, used his company, Ponglomerape Nigeria Limited with account 0003678774 and 0765553188 all in Access Bank to launder N894million, N3.25billion, N4billion and another N4billion using JNFX Nigeria Limited through their First City Monument Bank 5956463016.
JNFX, a cross boarder financial transaction company with head officer in the United Kingdom, U.K, was sanctioned in September 2020 for forex infractions. They specialize in moving huge funds for individuals across borders.
Abdullahi, an ally of former Senate President, Ahmed Lawan, bought Polaris Bank in what has now become a subject of investigations.