Sports betting company, Nairabet's CEO, Akin Alabi has revealed the role played by Polaris Bank in ensuring the company's staff did not get their December salaries as planned by the company.
Alabi, who is gunning for a House of Representatives seat in Oyo State revealed that the plan was to pay his staff's salaries and bonuses before Christmas.
To his utmost dismay, Polaris Bank requested the EFCC to limit the account without prior notification.
See tweets below;
Between @NairaBET, @PolarisBankLtd & @officialEFCC.— Oloye Akin Alabi (@akinalabi) December 27, 2018
So we (@NairaBET) have this account we keep at Polaris. It’s where we save money to pay salaries at the end of the month.
After paying salaries, we grow it to about N40m so we can meet the following month’s payroll.#thread
We decided to pay December salary before Christmas. Our plan was to pay annual bonus (half of monthly salary) on the 31st.— Oloye Akin Alabi (@akinalabi) December 27, 2018
At the point of making the transfer, it failed. We tried multiple times and it kept failing. So we contacted the bank.
That was when the saga started.
Polaris Bank told us there was a demand by EFCC that a PND (post no debit) be placed on our account. We discovered that it was placed about two weeks earlier.— Oloye Akin Alabi (@akinalabi) December 27, 2018
So we asked our account officer what to do. He said he wasn’t sure. He asked if I knew anyone at EFCC so I could know.
I said (lied) that I don’t know anyone. I asked if there is a letter from EFCC to show me this so I can understand what is going on. I was told the letter was directed to them so I couldn’t have it.— Oloye Akin Alabi (@akinalabi) December 27, 2018
I asked Polaris why they didn’t send us any letter about this so we could act.
No response. We were advised to to go to EFCC Kaduna (we gathered that the issue started from there)— Oloye Akin Alabi (@akinalabi) December 27, 2018
When I get to EFCC, what will I say? What’s the reference number of the case? Do I just go to the gates of EFCC to announce that my bank said something without any documentation?
So we waited for the Xmas and Boxing Day holiday to be over.— Oloye Akin Alabi (@akinalabi) December 27, 2018
I contacted my lawyers and they accompanied our COO to the Lagos office of EFCC this morning.
I am in Ibadan campaigning but the messages sent to me now is that @PolarisBankLtd contacted EFCC to limit our account.
The latest is that we have to go to Kaduna to resolve this. My COO will go with our lawyer in the new year.— Oloye Akin Alabi (@akinalabi) December 27, 2018
To those suggesting we move to a new bank, we have accounts in ALL the banks already and they all have their own issues.
No bank loves you really.
Interestingly, i have people I can call and will get this fixed in minutes. However, I want to go through this like any other Nigerian would.— Oloye Akin Alabi (@akinalabi) December 27, 2018
Let’s battle this and see how it goes.