UBA denies involvement in coup d'etat

July 26, 2016 8:11 PM

A total of $2 billion was alleged to have been moved from the United States of America into UBA Plc from where it was funnelled to the coup plotters, the newspaper alleged further.

Tayyip Erdogan - President of Turkey.

The United Bank of Africa (UBA) has denied reports that it funded the failed military coup in Turkey, which aimed at toppling the government of President

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According to a statement by UBA's Head of Communications, Charles Aigbe, the bank denied involvement in the Turkey failed coup plot.

In the terse statement on Tuesday, July 26, 2016 and published by QED, it read, “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.

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

Earlier, a Turkey-based newspaper, Yenisafak, had reported that some of those arrested in connection with the July 15, 2016 coup d'etat had confessed that UBA Plc and a United States of America Army General, John F. Campbell, arranged for the funding of the coup plot.