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AFTER THE FRAUD AND DEATH OF THE MD, THEY CLOSE THE OFFICE OF JOY PETROLEUM.
1) We were shocked to see in the documentation of the transactions of the company from the bank to the police that Toyin Pinheiro (SAN) was the one who authorized the transactions of Joy Petroleum Ltd as authorized signatory without any board resolution of the directors of the company approving him to do so even at a time when Late Matthew Obahor was almost dead.
2) Another shocking discovery was a =N=200, 000,000.00 (Two hundred million naira) facility granted by Zenith bank Ltd in November 2009 to the company for purpose of its operations. The said loan was accepted on behalf of the company by Mr. Paul Obahor who was then General Manager of the company. The sum of =N=160,000,000.00 (one hundred and sixty million naira) was fraudulently disbursed from this facility to part liquidate the loans of the company in Intercontinental bank PLC. While the balance of =N=40,000,000.00 (forty million naira) disappeared from the Zenith account of the company and could not be accounted for. It may interest the Inspector General of Police to note that this facility was granted by Zenith Bank for the sole purpose of the operations of the company. Therefore, we would like to know who authorized this disbursement and how this disbursement was made from the Zenith bank account of the company and what has become of the balance of =N=40,000,000.00
3) We also want to know how two vehicles (Mitsubishi Pajero Jeep and a fourteen sitter Nissan Bus) belonging to the company and parked in the office before the death of our MD were sold and the where about of the proceeds of the sale of these vehicles.
2) Another shocking discovery was a =N=200, 000,000.00 (Two hundred million naira) facility granted by Zenith bank Ltd in November 2009 to the company for purpose of its operations. The said loan was accepted on behalf of the company by Mr. Paul Obahor who was then General Manager of the company. The sum of =N=160,000,000.00 (one hundred and sixty million naira) was fraudulently disbursed from this facility to part liquidate the loans of the company in Intercontinental bank PLC. While the balance of =N=40,000,000.00 (forty million naira) disappeared from the Zenith account of the company and could not be accounted for. It may interest the Inspector General of Police to note that this facility was granted by Zenith Bank for the sole purpose of the operations of the company. Therefore, we would like to know who authorized this disbursement and how this disbursement was made from the Zenith bank account of the company and what has become of the balance of =N=40,000,000.00
3) We also want to know how two vehicles (Mitsubishi Pajero Jeep and a fourteen sitter Nissan Bus) belonging to the company and parked in the office before the death of our MD were sold and the where about of the proceeds of the sale of these vehicles.
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