Friday, January 30, 2009

17 Billion fraud in Bank PHB

Thisday carried a rumour about a fraud case before a magistrate court in Abuja involving just 17 billion naira only. We are told that they have recovered 7 billion naira. One of the name of those involved resembled that of the wife of the ace comedian Ali baba who was until recently an ED with the bank. We are told that some smart Alex took advantage of the credit process so we hope the profit PHB is declaring this year will take the 7 billion naira into account by making provision and won't just be Cadbury profit.
Cadbury Profit: When you inflate your profit.

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