Home News Turkish Newspaper Fingers UBA in Coup to Topple Erdogan, Bank Rejects Claim

Turkish Newspaper Fingers UBA in Coup to Topple Erdogan, Bank Rejects Claim


By Akin Akinremi

United Bank for Africa (UBA) has been put in a difficult situation as a Turkish Newspaper, Yenisafak, has alleged that the bank and a General in the United States Army, John F. Campbell, played key roles in the July 15, 2016 quashed coup in Turkey.

Both UBA and Campbell were alleged to have been part of the network that distributed funds for the failed coup plot, according to agency report. The coup, which initially appeared to have succeeded fell through as President Erdogan asked the people to move to the streets in protest. 

The Bank has, however, rejected the claim of the newspaper

In a statement by UBA Head of Communications, Mr Charles Aigbe, the bank said on Tuesday evening: “UBA is aware of the on-going and spurious media speculation linking our institution to recent events in Turkey.

“In the light of this we believe it is necessary to categorically state that UBA has no involvement in or connection to these accusations, which are clearly false.

“We remain focused and firmly committed to delivering on our strategy to build Africa’s premier banking institution.”

Operatives of the American Central Intelligence Agency (CIA) were reported by Yenisafak as having transferred the money for the coup plot from Nigeria to Turkey over a period of six months.

The newspaper said: “Over $2 billion were distributed during the process leading to the coup.”
It said the details of the organisation and process that led to the coup plot were obtained from sources close to the trial of those arrested.

The newspaper added: “Campbell also managed more than $2 billion money transactions via UBA Bank in Nigeria by using CIA links to distribute among the pro-coup military personnel in Turkey. After taking money from their bank accounts, the CIA team hand delivered it to the terrorists under the military dresses.”

Campbell has described the allegations as “ridiculous”.


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