By: Fabakary B. Ceesay
The Trumpet newspaper continues to excavate into the financial scam of millions of Dalasis stolen from the account of National Water and Electricity Company (NAWEC) at Arab Gambia Islamic Bank (AGIB). The D15, 500, 000 was transferred from the account of NAWEC to different accounts at different Banks all under the name of one person.
The said account holder (name withheld) is a Gambia businessman and is currently helping the Police in the investigation. Two other persons, a Gambian and a Nigerian are said to be on the run.
Findings of our investigations reveals that the amounts were transferred after signatories to the NAWEC account were used to approve the transaction on various operations.
Signatories of NAWEC accounting and financial officers namely, Ousainou Jallow known as “OJ’ and Isatou Jawara, the newly appointed Managing Director were used to finalise the transactions and the payments to the three accounts at ECO, Zenith and Sky Banks, respectively.
Trumpet also discovered that the invoices used to justify the approval and payment from NAWEC account to the said accounts are not the same and did not march with invoices used by NAWEC for financial transactions.
The information also added that the amount transferred to Zenith Bank account was intercepted before it was withdrawn by the account holder. Ho
However, the amounts transferred to ECO and SKY Banks were emptied from the accounts.