'Court case was struck out' — Wema Bank denies N1.7bn money laundering allegation | TheCable

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Wema Bank says reports of alleged money laundering and bribery involving members of its staff are false.

The bank had been accused of being involved in money laundering to the tune of N1.7 billion, and a case was filed in a Lagos magistrate’s court.

According to Wema Bank, some members of its staff were alleged to have been involved in the said transaction.Advertisement “The said allegations are being peddled by an aggrieved third party, who voluntarily released his property to be used as part of the collateral to secure a loan obtained by the bank’s customer.

 

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