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Ministry of Foreign Affairs
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Internal Audit
Investigative Report on IECI Japanese Grant Project
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dated:
August 11, 2015
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Table of Contents
1.
Executive Summary 2
2.
Background 3
3.
Objectives 3
4.
Scope 4
5.
Methodology 4
6.
Findings 5
7.
Conclusion 12
8.
Appendix 12
1.
Executive
Summary
1.1
The Internal Audit
Bureau has conducted a forensic audit of the International Economic Cooperation
and Integration (IECI) Japanese Grant Project to ascertain the accuracy,
completeness and reliability of the Project funds and of documents and
activities undertaken for the period June 1, 2014 to July 31, 2015. The audit
was conducted based on a request from the Minister of Foreign Affairs, His Excellency
Hon. Augustine Kpehe Ngafuan as a result of allegation of suspected fraud in
the management of the funds of the Project.
1.2
This report
contains our findings and recommendations, based on the audit conducted of the
project funds and evidence gathered. Based
on the audit of documents and records of the Project, we gathered the following
findings:
1.2.1 The
Department has no project accountant to periodically monitor, review and
institute internal control over the Project funds;
1.2.2 No
bank reconciliations of the two Project Accounts kept at Afriland Bank;
1.2.3 There
was no segregation of duties of the financial activities of the Project; all
the financial activities were conducted by a single individual, the Project
Manager;
1.2.4 Signature specimen
obtained from the bank indicates that the Project Manager and the former Deputy
Minister for Economic Cooperation empowered themselves with exclusive rights to
withdraw funds from the accounts with a single signature requirement; this
action set the basis of a potential fraud.
1.2.5 Based
on our audit and review of documents provided by the Department of IECI and
Afriland Bank, we observed that transactions valued at LD$19,079,815.00, its equivalent in US$ 227,140.65 at the exchange
rate of 84, represents
net fraud amount during the period, as there were no supporting documents to
validate the transactions.
1.2.6 Afriland First Bank did not exercise due
diligence in protecting the Project Accounts kept with it.
1.3 It is our hope the above
control weaknesses will be resolved as soon as possible to protect the funds of
the IECI Project.
Sincerely yours,
Joseph Ballah
Director of Internal Audit
2. Background
2.1 In
June 2014, The Japanese Government provided a grant valued at US$
731,422.00(Seven Hundred and Thirty one thousand, four hundred and twenty two
United States Dollars), it equivalent in LD$ 61,439,448 to fund a project
titled: “Institutional and Human Resource Support for Efficient Operation” of
the Department of International Economic Cooperation and Integration (IECI) in
response to the bilateral consultations between the Governments of Liberia and
Japan in 2008. The Japanese Government provided the fund to build the capacity
of staff of the Department of International Economic Cooperation and
Integration (IECI).
2.2 The
Project was managed by a team comprising of the Deputy Minister for International
Economic Cooperation and Integration and a Project Manager. The Project team
had no monitoring and supervisory oversight body to periodically review its
activities.
2.3 A
50% transfer valued at LR$ 33,316,422.00 (US$ 365,711.00) was approved and
transferred from GOL consolidated account to the IECI Project’s account at the
Afriland First Bank on 23rd June 2014. The project’s bank statement
showed that as of December 31, 2014, LD$23, 128,587.00 with it equivalent in US$
275,340.32, had been spent, while the account balance showed LD$ 10,345,510.00
(US$123,160.83). Further, as of May 2015, the account showed a balance of
LD$1,644,771.00, it equivalent in US$ 19,580.61 and by early June 2015, the
account was in overdraft
of L$1,703.00
2.4 An
account was established at the Afriland First Bank for the Monitoring and
Evaluation (M & E) of the International Economic Cooperation and
Integration Japanese project in the amount of LR$7,229,328.00, its equivalent
in US$86,063.42 to help in the supervision of the project.
3.
Objectives
3.1
The objectives of the audit were to provide reasonable
assurance and ascertain the following:
3.1.1
Obtain an
understanding of the GOL-IECI Project;
3.1.2
Ascertain the
extent of the fraud and misappropriation of fund;
3.1.3
Assess and
evaluate the effectiveness and efficiency of internal control over the project
funds and of the information and records of the Project;
3.1.4
Ascertain the
accuracy, completeness and reliability of documents and records of disbursements;
3.1.5
Ascertain whether
all transactions were authorized and approved by the appropriate persons; and
3.1.6
Identify all
individuals responsible, negligent and or associated with the fraud.
4. Scope
4.1
This IECI audit
covers the period June 2014 to July 2015 and applies to the management and
disbursement of funds from the IECI project’s accounts at the Afriland First
Bank (LIB.). The audit also covers all documents and records of the Project
activities and of control weaknesses in the system leading to fraud and misapplication
of Project fund.
4.2
We conducted the
audit in accordance with the International Standards for the Professional
Practice of Internal Auditing as issued by The Institute of Internal Auditors.
These Standards require that we plan and perform our audit to obtain sufficient
and appropriate evidence as a basis of our conclusion and recommendations.
4.3
We also applied
such other audit procedures as we determine were necessary to gather sufficient
and appropriate evidence for our conclusion and recommendations.
5. Methodology
5.1
We designed and
performed a number of procedures to achieve our audit objectives. These
procedures included interviews with individuals who are signatories to the Project
Account, some staff of the Department of International Economic Cooperation and
Integration, and some key staff of the Afriland Bank. We performed the
following procedures:
5.1.1
Developed and
executed a detailed audit program;
5.1.2
Conducted
interview with interested parties and discussed the objectives of the audit;
5.1.3
Examined various
documents and records to ascertain the level of misappropriation of Project
fund;
5.1.4
Tested compliance
with applicable laws and regulations to determine compliance with internal
control measures;
5.1.5
Reviewed
and recomputed all financial documents obtained from the auditees;
5.1.6
Performed analytical review of supporting documents
provided by both IECI Project and the Afriland First Bank;
6.
Findings
Condition 1
Only Single Signature was
required to withdraw from the Project Account
The
audit revealed that signature specimens prepared to effect withdrawal from the
Project accounts at the Afriland First Bank indicates that two of the
signatories, in persons of Deputy Minister Elias Shoniyin and Project Manager, Augustine
Nyanplu had the exclusive power to singly approve cheques for encashment. Deputy
Minister Elias Shoniyin informed the auditors that he was not aware of any of
the signatories possessing exclusive rights to approve checks singly, as this
was never the intent of the Project. However, documents in the position of the
auditors showed that Minister Shoniyin was fully aware of the exclusive power
of single signatory right to withdraw from the Project Account.
First signatory arrangement
During
the process of our investigation, we observed that the GOL-IECI project A/C #
0000108854-01-70 was initially opened with the three (3) signatories affixing
their signature as evidence on the signature specimen. The three (3)
signatories were Mr. Elias B. Shoniyin, with the power A+A, Mr. Augustine
Nyanplu, B+B and Mrs. Elizabeth Johnson Sirleaf as C+A or C+B. See Appendix
This
action indicated that the both signatories in persons of Mr. Elias B. Shoniyin and
Mr. Augustine Nyanplu could withdraw from the project account without the
knowledge of signatory C. Therefore, the absolute or overriding power granted
to Mr. Elias B. Shoniyin and Mr. Augustine Nyanplu created the basis for a
potential fraud. Also, this created doubt or suspicion about the management of
the project fund as well as the account.
Second signatory arrangement
The
second signatory specimen card arrangement came about as the result of the
appointment of Mr. Thomas Kaydor as Deputy Minister for International Economic Cooperation
& Integration and Dr. Wede Elliot Brownell as Deputy Minister for
Administration, Ministry of Foreign Affairs. Mr. Thomas Kaydor replaced Mr. Elias
B. Shoniyin and Dr. Brownell replaced Mrs. Elizabeth Johnson Sirleaf. The arrangement
was structured as follow. See Appendix
·
Mr. Thomas Kaydor-
A+B, B+C
·
Dr. Wede Elliot Brownell
B+A, B+C
·
Mr. Augustine
Nyanplu C+A, C+B,
Under
this arrangement, no individual signatory could effect withdrawal without the involvement
of another signatory to the account. Prior to the submission of the signatory
specimen to the Afriland First Bank for effective action, Mr. Nyanplu who was
serving as the project manager, with the powers C+A and C+B, altered the
specimen card with C+C without the knowledge of other signatory to the account.
See Appendix
This
action on the part of Mr. Nyanplu served as a recipe for continuation of the fraud.
Also, the Afriland First Bank did not perform due professional care by
contacting the two other signatories to the account (Mr. Thomas Kaydor and Dr.
Wede Elliot Brownell) to authenticate the additional option of C+C.
Furthermore,
documented evidence provided to us showed that miss Comfort Y. Mohn a staffer
at the Afriland Bank deposited on two separate occasions on behalf of Mr.
Augustine Nyanplu. It is yet to be established on whether or not it’s part of
normal banking practice to deposit a certain amount in the name of a customer.
According to the profolio manager, Mr. Steven Tokpa who indicated that issue of
such situation occurs wherein customer will give money to the staffer to be
deposited in the customer account bearing the name of the staffer as the
depositor.
This
action provides a potential risk for fraud.
Criteria:
The
COSO Integrated Internal Control Framework requires adequate segregation of
duties such as multiple signature combination to bank accounts to ensure that
no single individual has access to cash and bank without appropriate check and
balances.
Cause:
The
main reason for the lack of adequate segregation of duties and of the single
authorising power was the poor structuring of the Project Management Team. The
Project had no accountant to perform periodic reconciliation of the Project
Account.
Consequence:
The
use of single authorising and signing power of cheques of the Project funds has
led to fraud and misappropriation of the Project fund in the amount of
L$19,079,815.00, in USD equivalent $227,140,65 at the exchange rate of 84. Please
see appendix.
Corrective action:
The
Project Manager, Mr Augustine Y. Nyanplu and the Deputy Minister for
International Economic Cooperation and Integration, Hon. B. Elias Shoniyin
should account for the funds misappropriated from the Project Account. This
should be done within one month after the issuance of this report.
Condition 2:
Lack of due professional
care on the part of Afriland Bank to ensure client moneys are adequately
protected
We
observed that Afriland Bank did not exercise due professional care in
conducting the affairs of the Project accounts under its supervision by its
deliberate failure to refer to authorities of the Foreign Ministry for clarity
on critical issues relating to withdrawals and administration of the Project
Accounts. On June 24, 2014, Afriland First Bank effected an overdraft in the
amount of LD$1,631,500.00, in USD equivalent $19,422.62
at the exchange rate of 84, without documented authorisation from the
Ministry of Foreign Affairs. The Bank, represented by its Chief Executive
Officer (CEO), Mr. Amadu O. Bayo in response to auditors regarding the
overdraft, explained that the transaction was not an overdraft, but a discount
against the deposit made earlier. Table below shows detail of the transactions:
Date
|
Payee
|
CHK.NO.
|
Amt in LRD
|
Amt
in USD
|
Signed by:
|
23/06/14
|
Augustine Nyanplu
|
0000083369
|
430,000.00
|
5,119.05
|
Augustine Nyanplu
|
24/06/14
|
Sold Cur. In A/C No.
417530
|
|
184,000.00
|
2,190.48
|
Augustine Nyanplu
|
24/06/14
|
Augustine Nyanplu
|
0000083371
|
1,017,500.00
|
12,113.10
|
Augustine Nyanplu
|
|
Total
|
|
1,631,500.00
|
19,422.62
|
|
Secondly,
in the establishment of the second signatory specimen, it was noticed that Mr.
Augustine Nyanplu made alterations on his portion of the card with a C+C power,
giving him exclusive right to singly withdraw from the project account. The
bank however did not apply any effort in contacting other signatories of the
account to ascertain the reliability of the document. The fact that the lowest
signatory to the account, Mr. Nyanplu had been given the single right to
withdraw unilaterally and neither signatories A or B had such right, should
have raised eyebrows. Nevertheless, the bank ignored such and continued to do
business with a single individual.
Criteria:
Basel
Bank Supervision Procedure and CBL regulation require banks to ensure proper
protection of depositors funds by ensuring adequate internal controls in a
process called “know your client” and such other measures that will ensure that
depositor funds are safe and protected against fraud.
Cause:
The
reason for the execution of the above transactions is the Bank’s deliberate
failure to exercise due professional care regarding the Project Account. The Bank
did not also exercise due professional care by accepting single authorising
signature on a major entity’s account kept with it.
Consequence:
Due
to the Bank’s failure to exercise due professional care, the Project Manager
fraudulently withdrew funds from the Project Account that would not have been
paid had the Bank taken due care.
Corrective action:
The
Bank should account for all funds fraudulently withdrawn as a result of its
failure to exercise due professional care. This should be done within one week
after the issuance of this report.
Condition 3:
Breach of the PFM Act and
Regulations by the Project Management Team
We
observed that the Project Management Team of the IECI Japanese Project breached
the Public Finance Management Law by authorising disbursements and paying
cheques during the period June 2014- June 2015 without Internal Audit Bureau
involvement to perform compliance review of all such disbursements.
Criteria:
Section
38 Subsection 1C) of the Public Finance
Management Act requires that Internal
Audit Unit evaluate the adequacy of management checks and balances and controls
in the financial management practices within the institution. Accordingly,
Internal Audit Bureau performs compliance reviews of all disbursements of the
Ministry of Foreign Affairs.
Cause:
The
lack of compliance review was due to deliberate attempt by the Project Manager
to circumvent the PFM Laws; it was also due to the poor set up of the Project
financial management systems and lack of appropriate oversight by the
responsible authorities.
Consequence:
As
a result of the lack of compliance review, most of the fraudulent payments that
could have been flagged and or prevented by the Internal Audit Bureau
intervention could not be prevented.
Corrective action:
The
Project Management Team should be properly structured and appropriate Project
financial management systems should be set up to ensure that all disbursements
are properly reviewed, authorised and approved by the responsible authorities.
This should be done immediately after the issuance of this report.
Condition 4:
Misappropriation of Project Funds
Based
on our audit and review of documents provided by the Department of IECI and Afriland
Bank, we observed that transactions valued at L$19,079,815.00, its equivalent in US$ 227,140.65 represent questionable
transactions during the period as there were no supporting documents to
validate the transactions. The audit also revealed that IECI Project Manager, Mr.
Augustine Nyanplu, who was primarily in
control of all the Project financial activities, on numerous occasions, singly signed
cheques to himself and withdrew funds from the Project Account without the involvement
of other signatories.
Criteria:
The
Project fund was intended for institutional and human resource support for
efficient operation of the Department of International Economic Cooperation and
Integration. All disbursements other than those for the earmarked purpose are
questionable.
Cause:
The
Project Manager was able to sign cheques and withdraw funds from the Project
Account due to the lack of appropriate controls and oversight by responsible
authorities; it is also due to the poor financial management systems over the
Project fund. In addition, the Bank did not exercise due professional care to
verify with the Ministry of Foreign Affairs those cheques that were continually
signed by and paid to the same individuals.
Consequence:
This
represents huge financial loss to the Government of Liberia of funds that are
critically needed for institutional and human resource development. Please see
appendix.
Corrective action
The
Project Manager should primarily account for the amount of L$19,079,815.00, its equivalent in US$ 227,140.65 which represents
questionable transactions executed by him alone. This should be done
immediately after the issuance of this report.
Condition 5:
Contact numbers presented
to the Bank were those of only two signatories
We
observed that the only mobile numbers provided the Bank to make calls and confirm
all payment requests were those of Deputy Minister Elias Shoniyin (0886521604)
and Mr. Augustine Y. Nyanplu (0886589332). Other signatories to the Account
were left out of the loop.
A
major internal control by banks is to call account holders or otherwise
signatories to an account to confirm cheques written on such account. This will
authenticate and or validate any cheque written on the account.
Cause:
The
Project Manager deliberately submitted numbers that he felt could confirm
cheques fraudulently drawn on the Project Account.
Consequence:
The
lack of the contact number of other signatories to the Project Account at the
Bank contributed to the fraud perpetrated by the Project Manager.
Corrective action:
The
contact numbers of all signatories to the Project Account should be submitted
to the Bank, whether Afriland or any other commercial banks. This should be
done immediately after the issuance of this report.
Condition 6:
Deputy Minister singly signed cheques
The
audit team visited the offices of Minister Elias Shoniyin on 5th
August 2015 to conduct an interview regarding the activities of the
GOL-Japasese Project Accounts. The Minister was asked as to whether he could
recollect at any point in time, affixing his signature, singly to any cheque
belonging to the Project. The Minister responded, indicating that all cheques
signed by him were co-signed by Assistant Minister Elizabeth Johnson Sirleaf.
However, processed cheques obtained from Afriland First Bank indicate that the
Minister Shoniyin singly signed cheques bearing the name of Mr. Monie Hooke
Momolu and other individuals as shown in the table below:
Date
|
Payee
|
Chk.no.
|
Amt in LD
|
Amt in USD
|
Signed by:
|
22/08/14
|
Monie Hooke Momolu
|
00127916
|
260,000.00
|
3,095.24
|
Elias
Shoniyin
|
20/01/15
|
Bees Affordable Car Rental/ Marcus Juah
|
00168708
|
76,500.00
|
910.71
|
Elias
Shoniyin
|
11/11/14
|
Augustine Nyanplu
|
00163886
|
43,500.00
|
517.86
|
Elias
Shoniyin
|
14/01/15
|
Sky Tech, Int’l
|
00168705
|
52,615.00
|
626.37
|
Elias
Shoniyin
|
20/03/15
|
Mattar Trading Co.
|
00173999
|
42,000.00
|
500.00
|
Elias
Shoniyin
|
13/01/15
|
J. mart
|
00168703
|
121,800.00
|
1,450.00
|
Elias
Shoniyin
|
12/03/15
|
Mattar Trading Co.
|
00173998
|
12,600.00
|
150.00
|
Elias
Shoniyin
|
22/08/14
|
Monie Hooke Momolu
|
00127914
|
80,910.00
|
963.21
|
Elias
Shoniyin
|
22/08/14
|
Monie Hooke Momolu
|
00127915
|
18,600.00
|
221.43
|
Elias
Shoniyin
|
19/01/15
|
Monie Hooke Momolu
|
00168707
|
15,725.00
|
187.20
|
Elias
Shoniyin
|
23/02/15
|
CHK. Remit No. 00173986
|
00173966
|
11,200.00
|
133.33
|
Elias
Shoniyin
|
23/02/15
|
Chk. Remit No. 00173985
|
00173985
|
50,040.00
|
595.71
|
Elias
Shoniyin
|
16/12/15
|
CHK. R emit. No.00165284
|
00165284
|
22,600.00
|
269.05
|
Elias
Shoniyin
|
|
Total
|
|
808,090.00
|
9,620.12
|
|
Criteria:
The
COSO Integrated Internal Control Framework requires adequate segregation of
duties such as multiple signature combination to bank accounts to ensure that
no single individual has access to cash and bank without appropriate check and
balances.
Cause:
The
main reason for the lack of adequate segregation of duties and of the single
authorising power was the poor structuring of the Project Management Team. The
Project had no accountant to perform periodic reconciliation of the Project
Account.
Consequence:
The
use of single authorising and signing power of cheques of the Project funds could
lead to fraud as it has led to fraud and misappropriation of the Project fund
in the amount L$19,079,815.00,
its equivalent in US$ 227,140.65 . Please see
appendix.
Corrective action:
The
Project Management Team should ensure that there are signatory combinations to
authorise and approve cheques on the Project Account. This should be done
immediately after the issuance of this report.
Condition 7:
Cheque in the cheque stub
marked voided was cashed by Mr Monie H. Momolu
During our analytical review
of cheque stub received from Afriland Bank, we observed that cheque stub marked
voided was cashed by Mr Monie H. Momolu. The value of the cheque was
L$170,000.00. When contacted by Internal Auditors, Mr Momolu denied that he had
any knowledge of the transaction. Internal Audit obtained documents bearing the
passport and signature of Mr Momolu as a proof that he cashed the cheque. Mr
Momolu further issued a memo to Internal Audit stating that he is not aware of
this transaction. See Appendix
Criteria:
Best
practice is that cheques marked voided should not be cashed or honored by
banks. Such cheques should be safeguarded from an unauthorised access.
Cause:
This
was a deliberate act by the issuer, Mr Augustine Nyanplu to defraud the
Ministry of Foreign Affairs.
Consequence:
The
act of cashing cheques whose stub is marked voided is a breach of internal
control and fraudulent done purposefully to commit fraud.
Corrective action:
Mr
Monie H. Momolu should account for L$170,000.00 which was an amount in cheque
issued in his name and cashed. This should be done immediately after the
issuance of this report.
7.
Conclusion
and Recommendations
7.1 The
objective of this audit was to ascertain the accuracy, completeness and
reliability of the Project funds and of documents and activities undertaken for
the period June 1, 2014 to July 31, 2015. The audit was also intended to quantify
the amount of funds misappropriated by the Project Management Team as a result
of breach of internal controls.
7.2 Based
on our audit and review of documents and records, the Project Manager, Mr.
Augustine Nyanplu, who was primarily in control of all the Project financial activities,
on numerous occasions, singly signed cheques to himself and withdrew funds from
the Project account in the amount of L$19,079,815.00, its equivalent in US$ 227,140.65 without the involvement
of other signatories. These transactions had no supporting documents to
substantiate and validate his claims to the disbursements to himself.
7.3 We
recommend that going forward; Internal Audit continues to perform compliance
review of all disbursements from the Project Account as was initiated since
July 2015.
8. Appendix:
Cheques
Signed by Mr. Augustine Nyanplu and paid to himself without any supporting
documents and records to substantiate the disbursements
Date
|
Payee
|
CHK.
NO.
|
Amt
in LRD
|
Amt
in USD
|
Signed
by:
|
14/07/14
|
Augustine
Nyanplu
|
00127909
|
950,000.00
|
11,309.52
|
Augustine Nyanplu
|
19/09/14
|
Augustine
Nyanplu
|
00155648
|
560,000.00
|
6,666.67
|
Augustine Nyanplu
|
25/09/14
|
Augustine
Nyanplu
|
00155630
|
4,550,000.00
|
54,166.67
|
Augustine Nyanplu
|
01/11/14
|
Augustine
Nyanplu
|
00155643
|
860,000.00
|
10,238.10
|
Augustine Nyanplu
|
17/11/14
|
Augustine
Nyanplu
|
00155644
|
4,450,000.00
|
52,976.19
|
Augustine Nyanplu
|
16/12/14
|
Augustine
Nyanplu
|
00155646
|
810,000.00
|
9,642.86
|
Augustine Nyanplu
|
08/09/14
|
Augustine
Nyanplu
|
00155649
|
900,000.00
|
10,714.29
|
Augustine Nyanplu
|
12/01/15
|
Augustine
Nyanplu
|
00165324
|
620,000.00
|
7,380.95
|
Augustine Nyanplu
|
18/05/15
|
Augustine
Nyanplu
|
00130982
|
300,000.00
|
3,571.43
|
Augustine Nyanplu
|
15/06/15
|
Augustine
Nyanplu
|
00130993
|
45,000.00
|
535.71
|
Augustine Nyanplu
|
21/07/14
|
Augustine
Nyanplu
|
00127715
|
960,000.00
|
11,428.57
|
Augustine Nyanplu
|
07/05/15
|
Augustine
Nyanplu
|
00165301
|
125,000.00
|
1,488.10
|
Augustine Nyanplu
|
13/03/15
|
Augustine
Nyanplu
|
00117090
|
600,000.00
|
7,142.86
|
Augustine Nyanplu
|
24/04/15
|
Augustine
Nyanplu
|
00130978
|
125,000.00
|
1,488.10
|
Augustine Nyanplu
|
30/04/15
|
Augustine
Nyanplu
|
00165298
|
125,000.00
|
1,488.10
|
Augustine Nyanplu
|
06/04/15
|
Augustine
Nyanplu
|
00117094
|
250,000.00
|
2,976.19
|
Augustine Nyanplu
|
23/06/14
|
Augustine
Nyanplu
|
000083369
|
430,000.00
|
5,119.05
|
Augustine Nyanplu
|
24/06/14
|
Augustine
Nyanplu
|
Sell cur.
|
184,000.00
|
2,190.48
|
Augustine Nyanplu
|
24/06/14
|
Augustine
Nyanplu
|
0000083371
|
1,017,500.00
|
12,113.10
|
Augustine Nyanplu
|
25/08/14
|
CHK.
Remit No. 00127913
|
00127913
|
950,000.00
|
11,309.52
|
Augustine Nyanplu
|
26/06/15
|
Augustine
Nyanplu
|
00130927
|
175,000.00
|
2,083.33
|
Augustine Nyanplu
|
04/08/14
|
Augustine Nyanplu
|
00127911
|
585,000.00
|
6,964.29
|
Augustine Nyanplu
|
25/08/14
|
Augustine Nyanplu
|
00127913
|
950,000.00
|
11,309.52
|
Augustine Nyanplu
|
04/03/15
|
Augustine Nyanplu
|
00060197
|
420,000.00
|
5,000.00
|
Augustine Nyanplu
|
04/08/15
|
Augustine Nyanplu
|
00127701
|
585,000.00
|
6,964.29
|
Augustine Nyanplu
|
|
|
|
|
|
|
|
|
Total
|
21,526,500.00
|
256,267.86
|
|
Personal deposit effected by Mr.
Nyanplu to increase the account balance.
Date
|
Depositor
|
CHK.
NO.
|
Amt
in LRD
|
Amt
in USD
|
16/12/14
|
Comfort
Y. Mohn
|
|
157,775.00
|
1,878.27
|
29/05/15
|
Comfort
Y. Mohn
|
|
440,070.00
|
5,238.93
|
29/05/15
|
Pur.
Curr. No. 602972
|
|
1,170,120.00
|
13,930.00
|
8/06/15
|
Imm.
Trf. Same No. 00005969
|
|
10,000.00
|
119.05
|
23/06/15
|
Pur.
Curr No. 616473
|
616473
|
142,800.00
|
1,700.00
|
29/07/15
|
Rev.Chq.
from clear No. 00178667
|
00178667
|
325,920.00
|
3,880.00
|
01/06/15
|
IMM.
TRF Same cu No. 00005911 O/GOL
|
|
200,000.00
|
2,380.95
|
|
Total
|
|
2,446,685.00
|
29,127.20
|
Summary
of Net fraud amount
No.
|
Description
|
Amount in LRD
|
Amount in US
|
1
|
Withdrawal
made by Augustine Nyanplu
|
21,526,500.00
|
256,267.86
|
2
|
Deposit
made by Augustine Nyanplu
|
2,446,685.00
|
29,127.20
|
|
Net Fraudulent
amount
|
19,079,815.00
|
227,140.65
|
Joseph Ballah, Augustine Ngafuan, Augustine Nyanplu = Band of Dogs!!!!!!!
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