THE owner of Polaris Bank, Auwal Lawan Abdullahi, Allegedly used JNFX Nigeria Limited, a Bureau De Change sanctioned by the Central Bank of Nigeria (CBN) to launder Over N1O billion in one year.
Mr. Jackson Ude the publisher of Pointblank News made the revelation in his verified Twitter (X) handle. He said, in 2020, Abdullahi used his company, Ponglomerape Nigeria Limited with accounts 0003678774 and 0765553188, both domiciled in Access Bank, to launder N894million, N3.25billion, N4billion and another N4billion using JNFX Nigeria Limited through their First City Monument Bank 5956463016.
JNFX, a cross-border financial transaction company with head office in the United Kingdom, UK, was sanctioned in September 2020 for forex infractions.
They specialize in moving huge funds for individuals across borders. Abdullahi, an ally of former Senate President, Ahmed Lawan, bought Polaris Bank in what has now become a subject of investigations.
Source: TrackNews
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