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Magu probe: We mistakenly transferred N573m to Prophet Omale, says FCMB

Magu probe: We mistakenly transferred N573m to Prophet Omale, says FCMB
August 10
09:29 2020

Adam Nuru, managing director of First City Monument Bank (FCMB), says the bank made an error of posting N573 million into the church account of Emmanuel Omale. 

The Presidential Committee on Audit of Recovered Assets (PCARA) had accused Ibrahim Magu, suspended acting chairman of the Economic and Financial Crimes Commission (EFCC), of allegedly using Omale, founder of the Divine Hand of God Prophetic Ministry, to launder funds abroad.

The committee said the former acting chairman purchased a property in Dubai using Omale’s name — an allegation the pastor has denied.

Magu is currently being investigated by the committee headed by Ayo Salami, former president of the appeal court, for allegedly mismanaging loot recovered by the anti-graft agency.


Testifying before the committee on Thursday, Nuru said the bank just discovered the mistake upon invitation by the committee — four years after the money was posted.

“On January 16, 2016, we made a return to NFIU which indicated that there was a transaction of an inflow of well over N573 million (N573,228,400),” the bank MD said.

“This return was said to be in favour of Divine Hand of God Prophetic Ministries Account No 1486743019.


“After that report, we conducted an investigation and discovered that the lodgement which we reported to NFIU was an error.

“The error was as a result of the fact that we were using a bank application called Pinnacle-7. However, we migrated from that application to a newer version called Pinnacle-10.

“Usually, when the bank intends to migrate from one application to another, we utilize weekends to carry out the exercise. The migration involves moving all the balances of customers from the previous application to the new application. The account of the Divine Hand Ministries was moved during that migration.

“It was that balance of N573 million that was wrongly posted as an inflow into Divine Hand Ministries as reported to NFIU. This error was not peculiar to Divine Hand of God Prophetic Ministries alone but was also ascribed to 27 other accounts.”


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  1. Oladimeji
    Oladimeji August 10, 11:38

    More explanations required to clarify the link of the erroneous deposit to Magu or EFCC. Was that random selection too???

    Reply to this comment
    • Law
      Law August 10, 20:50

      If it was an error why will the pastor not report to the bank or police since then?
      How will the bank be missing 575 million naira for years without knowing?
      It doesn’t add up.

      Reply to this comment
      • Bash
        Bash August 12, 16:36

        But it dosnt make sense at all. All did the mistake in posting made by a bank application relate to NFIU construinh that the transfer into a church account was made in favour of the EFCC At. Chairman. This is typically the case with Jesus and Judas escariot

        Reply to this comment
    AMCHERISH August 10, 15:15

    Pls, make such error with my account too, and forget it just like you forgot this one for four years. That means you covered up for it when you didn’t find the said amount and now that you have discovered it, pls, send some to my account. Thanks.

    Reply to this comment
    • Mazi Uche
      Mazi Uche August 10, 21:50

      I don’t understand. You mistakingly transferred such huge amount to Omale’s account 4 yrs ago and didn’t discover it till now, Omale ( Man of God) never complained of receiving what didn’t belong to him to you and the owner of the money never reported to you that his/ her money was missing? Please say the truth.

      Reply to this comment
  3. Tonero
    Tonero August 10, 22:22

    Finale 10 migration was in 2014 or there about and this claim holds no water. Wow FCMB no wonder. Matters getting clearer. Something is really fishing.

    Reply to this comment

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