Did UBA truly sponsor failed Turkey coup? Bank reveals the truth


The United Bank of Africa (UBA) has clarified reports linking it to the funding of the failed coup plotted in Turkey.


In a press statement made released by the bank on Tuesday evening, it countered the claims by a Turkey-based newspaper, Yenisafak, that some of those arrested in connection with the July 15, 2016 failed coup plot implicated UBA as its sponsors.

According to the earlier report, the suspects said a United States Army General, John F. Campbell, championed the funding of the failed coup.

It was added that the funds used was in the region of $2 billion and was moved from the United States into UBA Plc and where the coup plotters allegedly withdrew the monies from.

Charles Aigbe, the bank’s head of communications, in a statement issued on Tuesday, stated that the bank was never involved in any such thing.

“UBA is aware of the on-going and spurious media speculation linking our institution to recent events in Turkey.

“In 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,” the bank’s statement reads.

Recall that the current investigation of the failed military coup in Turkey on July 15 showed that ex-commander of International Security Assistance Force (ISAF), a NATO-led security mission in Afghanistan, was the organizer of the attempt.

Yeni Safak reported that General Campbell managed more than $2 billion money transactions via United Bank of Africa (UBA) Bank in Nigeria by using CIA links to share among the pro-coup army personnel in Turkey.