SKorea arrests Nigerians over massive banking scam – SEOUL (AFP)

October 23rd, 2008 Print Print Email Email

South Korean police said Thursday they had arrested three Nigerians for allegedly obtaining millions of dollars from Citibank with a forged document purportedly from Ethiopia’s central bank. (more…)

South Korean police said Thursday they had arrested three Nigerians for allegedly obtaining millions of dollars from Citibank with a forged document purportedly from Ethiopia’s central bank.

Police said the suspects were caught Monday in the Yongsan district of Seoul following a tip-off from a local bank employee as they tried to withdraw money from a bank account. It had been frozen at Citibank’s request.

In August the trio allegedly sent a forged payment request from the Ethiopian central bank to Citibank in New York. They asked for more than 30 million dollars to be sent to bank accounts in several countries, including South Korea, China and Tanzania.

“Citibank apparently transferred most of the money, including nine billion won (6.4 million dollars) sent to four local banks in Seoul,” Detective Jung Hyun-Soo at Yongsan police station told AFP.

It was unclear whether money was withdrawn from accounts in other countries, he said.

Of the nine billion won transferred to South Korea, police said the Nigerians had already withdrawn eight billion and were detained while trying to obtain the remaining one billion.

Han Jeong, a senior police officer at Yongsan, told Yonhap news agency the Nigerians had already handed over most of the eight billion won to unspecified Ethiopians.

“After belatedly discovering that the documents had been forged, Citibank notified the Korean banks,” Han said.

Two of the suspects were in South Korea on business visas while a third was an illegal immigrant. Their names were withheld.

“We’re working closely with police in their investigation,” a Citibank Korea spokeswoman said.

Police said Citibank officials told them that the forged document looked authentic and had the signatures of the central bank governor and directors.

  1. Tariku
    | #1

    Whoes money is this?

  2. kasahun
    | #2

    who is plaing the game behind this i hope south corian will figer out let us keep looking the drama of weyane

  3. Geremew
    | #3

    Are you telling me that Woyanne Hit the Jackpot again? This time with the Nigerian Mafia? First The Fake Gold, Now CitiBank? Woyanne must be so desperate that it tried to scam Citi Bank.

    CitiBank is a looser ….How did they get fooled by dumb woyanne beast and Nigerian Mafia.

    I am going to cancel my credit card with CitiBank.

  4. DORO
    | #4

    I DO NOT GET IT. WHO GETS FOOLED. UNDOUBTEDLY IT IS THE GOVERNOR AND DIRECTORS OF THE NATIONAL BANK OF ETHIOPIA WHO ORDERED THE PAYMENT. THE NATIONAL BANK IS THE ISSUING BANK AND THE NEGOTIATING BANK WHICH IS THE CITIBANK FOR THIS CASE, PAID AS DIRECTED TO THE MAFIA NIGERIANS, A GROUP WHICH INCLUDES SOME WOYANNE OFFICIALS. THAT IS THE FACT REVEALED.IF THIS IS THE CASE THEN CITIBANK IS NOT LIABLE. THE NATIONAL BANK GURANTEES THE PAYMENT IN CASE OF DEFAULT.

    SO THE LOSERS ARE THE ETHIOPIANS IN GENERAL AS WE LOST OUR LAND TO THE SUDAN OR LOST OUR CASH RESERVES IN FAKE GOLD COATED IRON BARS[ NIKNAMED VALESETRA IN ETHIOPIA]TO THE SCAVENGERS WHO ROBBED AND ABSCONED.

    IN EFFECT, SOMEBODY THERE AT THE EPRDF PARTY LEVEL OR AT NATIONAL BANK LEVE IS MEDDLING AND ARRANGED THIS ROBBERY.

    ROBBING THE FAMINE-STRICKEN MASSES OF ETHIOPIA IS NOT ONLY A CRIME BUT AN INCIDENT WHERE VOCABULARY HAS TO EARMARKED TO EFFECTIVELY DESCRIBE THESE UNIMAGINABLE CRIME. 10 MILLIONS ARE HANGING IN FAMINE AT THEIR DEATH BEDS AND SOME ELITES OF EPRDF OFFICIALS WITH NIGERIAN MAFIAS TO LOOT AND RUN WITH THIS BIG MONEY. HOW DO YOU TAKE A SLICE OF IT WHEN MAJORITY ETHIOPIANS ARE STARVING TO DEATH.
    THIS IS THE STORY OF EPRDF AT THE END

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