Stella Dimoko Korkus.com: Kaduna Lawmaker Allegedly ‘Scams’ One Bank Of N130m To Offset N122m Loan In Another Bank (PHOTOS)

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Friday, December 09, 2016

Kaduna Lawmaker Allegedly ‘Scams’ One Bank Of N130m To Offset N122m Loan In Another Bank (PHOTOS)

Details have emerged on how the lawmaker representing Kaduna North Federal constituency in the National Assembly, Honourable Samalia Suleiman borrowed the sum of N130m from Guaranty Trust Bank (GTB) to offset a N122m loan he got from United Bank for Africa (UBA).



In a letter dated May 10, 2016, the lawmaker 35-year-old lawmaker requested a N130m loan facility from GTB to enable him offset the loan from UBA without laying down any collateral, as he merely stated he would repay through his monthly allowances he promised to domicile with GTB.

His loan request was granted by GTB just three days later on May 13, 2016.

However, in a letter dated November 29, 2016 addressed to the Speaker of the House of Representatives, Yakubu Dogara, GTB stated that Suleiman had defaulted on the loan re-payment for four months. The bank added that attempts to reach the lawmaker were abortive as he failed to respond to phone calls or give a definite response when he replied text messages.

See photos below






from ynaija



28 comments:

  1. Replies
    1. Good for Gtbank. How can you approve a loan to settle another bank loan with no collateral and keep rejecting loan application from genuine business men and woman even when the business owner has collateral to back up. Shame on you eye service banker

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    2. God bless u. My sentiments exactly! Useless Banks.

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  2. The youth and the old politician's mindset is to steal and loot recklessly. This country Na real WA!

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  3. The youth and the old politician's mindset is to steal and loot recklessly. This country Na real WA!

    ReplyDelete
  4. It is good for GTB. The stupid man should not pay them.

    When innocent people wants loan for their business upliftment, they will use heavy hammer to kill a fly on them.

    Shame on the lawmaker. These set of lazy people too like enjoyment and less work. They like money too much, too much.

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    Replies
    1. You in my head!!! Good for them! Rubbish

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  5. Lol.
    Let's call it refinancing_ or robbing Peter to pay Paul, sounds more easy on the ear.
    GTB won't give SMEs soft and flexible loans, but they have the one to give politicians?

    Judgement day will be tough o.

    These politicians would continue to scam them, till they revisit the core duties of a bank.

    Imagine 130mil without collateral? Who does that?
    If I even lend you 10k, I will collect your ancestors details join.

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    Replies
    1. Serves gtb right. When they won't give us loan but gives to politicians without collateral.

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  6. Imagine this thief becoming the chief executive officer of the state, he will sell the state. At this young age he's duping Paul to pay Peter.

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  7. A case of robbing peter to pay paul.

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  8. Good for both parties.The politician is thief and GTB?armed robber,they should deal with themselves mercilessly

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  9. Good for both parties.The politician is thief and GTB?armed robber,they should deal with themselves mercilessly

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  10. Good..until.banks give loans to those with genuine business. This will happen

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  11. Good for Gtb.
    130million naira loan was approved within 3days without collateral.

    Meanwhile, they will never attend to SMEs.
    I wish the guy will not pay them.

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  12. Why would anyone feel sorry for the banks when average Nigerian can access even 1M. Good for them.

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  13. Scammers everywhere... God help us ooo

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  14. How foolish of GTB, probably for interest rates

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  15. shebi if na poor people like us, they would ask for letter of non indebtedness before them go give us small N1m

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  16. Don't be so quick to judge,he has probably paid off the capital and the balance might be from disputed interest due to fluctuating interest rate.It is a common occurence.Nigerian banks like to form sharp....Bush meat don catch hunter...

    ReplyDelete
    Replies
    1. Why are you so dumb Jay blaze? The faculty is just 4 months old and the man has not paid anything. Or which post did you read? In an attempt to show that u r familiar with banking terminologies, you just exposed your ignorance

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  17. He borrowed 130 to upset 122 and kept the balance. Smart man

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  18. The guy na madt man.... Bridging what financial gap with 8m bal? Ngwanu, md of gtb, you haf see yasef nau.... When he couldn't pay UBA, what makes you think he can pay you? I guess the senator is shopping for another bank to borrow N40m to offset GTB and bridge another financial gap with N10m bal... Kikikikikiki. I laf in Swahili.. Ndi aka mmuo... Mtchewwwwww.

    ReplyDelete

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