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Scam on Ethiopian Bank Leads to Three-Year Jail Term in Singapore

May 18 , 2019

Paul Gabriel Amos, 47, had recieved in 2008 a transfer of 1.84 million dollars from NBE's corporate account with the Citibank.

A Nigerian national of Singapore resident was sentenced to three years in jail for swindling money connected to the National Bank of Ethiopia (NBE) accounts at Citibank in New York.

Paul Gabriel Amos, 47, had received a transfer of 1.84 million dollars from NBE's corporate account with Citibank in 2008. According to Malaymail, it was part of fraudulent transactions issued on behalf of the NBE to transfer 27.2 million dollars to various beneficiaries in the US, Australia, Japan, China, Hong Kong and South Korea.


Paul Gabriel Amos, 47, had recieved in 2008 a transfer of 1.84 million dollars from NBE's corporate account with the Citibank.

Officials at Citibank admitted responsibility for the fraud at the time and reimbursed NBE within two months of the incident, a person knowledgeable with the case told Fortune.

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