By Andy Emephia
In what appears to be a level of high-handed profligacy at the Delta Trust Mortgage Bank, there are irrefutable claims of high-handed profligacy emanating from the Ogbimi-led Board.
Investigations revealed that Hon Jude Omena Ogbimi, the Board Chairman, has repeatedly flouted the apex mortgage bank’s Central Bank of Nigeria (CBN) directives in respect of strict adherence to fiscal discipline.
Chief among Ogbimi ‘s spendthrift’s profligacy is the unauthorized approval of an illegal #300 million transfer to Premium Trust Bank, in clear violation of extant financial rules setting up the mortgage bank.
Violating extant financial laws setting up the Mortgage Bank, Ogbimi was alleged to have forcefully held 11 (eleven) managerial meetings in only five months of his appointment, a clear breach and unfounded usurpation of his non-existent powers as a non-executive Board Chairman.
The power-drunk Board Chairman was also alleged to have approved, in clear defiance of extant rules, the appointment of staff to man the Abuja contact office.
According to impeccable sources, Ogbimi muzzled his way to add his name as one of the signatories to the Bank’s account, a clear violation of the standard procedures of the mortgage bank.
The Delta Trust Mortgage Bank, set up to give loan facilities to public servants desirous of owning affordable housing with minimal interest, has been embroiled in crisis since Ogbimi was appointed as non-executive Chairman by Governor Sheriff Oborevwori.
