Finance

NSIA Refutes Claims of Bank Account Tied to Alleged Benin Coup Plot

NSIA Refutes Claims of Bank Account Tied to Alleged Benin Coup Plot
Friday, 27 September 2024 18:06

In a statement shared on its official LinkedIn page, Ivorian financial group NSIA clarified that "no account has been opened in the name or on behalf of the Commander of the Benin Republican Guard within NSIA Banque CI.".

This response, signed by Jean Kacou Diagou, president of the group, addresses claims made on September 25 by the prosecutor of Benin’s Court for the Repression of Economic Crimes and Terrorism (CRIET). The case involves allegations of financing a failed coup attempt by associates of President Patrice Talon. Those implicated include the Commander of the Republican Guard responsible for the President’s security, prominent businessman and close friend of Talon, Olivier Boko, and former Sports Minister Oswald Homeky.

During a press conference, which quickly gained traction on social media, special prosecutor Elonm Mario Metonou stated that a “a bank account was opened on August 6, 2024, at NSIA Banque Côte d'Ivoire in the commander's name, with an initial deposit of CFA105 million”. The prosecutor further alleged that Boko and Homeky "promised and handed over CFA1.5 billion in cash to the Commander of the Republican Guard on September 24, 2024, as part of their scheme."

NSIA Group confirmed that they have had a client relationship with the Commander since July 9, 2024, but solely through an “NSIA PRESTIGE insurance contract under NSIA Assurance Vie Côte d'Ivoire.” The group also stated that the total sum related to this contract amounts to CFA55 million and expressed readiness to submit any relevant evidence to Benin’s justice authorities.

NSIA explained that their statement is aimed at ensuring the truth is revealed to the authorities in Benin. The document, widely shared on social media in Benin, adds new details to a public debate, with some speculating that these arrests could be politically motivated as the 2026 presidential election approaches. President Talon has repeatedly stated he will adhere to the constitutional term limits, which prevent him from seeking a third term.

Regarding the alleged coup attempt, the Beninese government has remained cautious. During a press briefing, Wilfried Léandre Houngbédji, the government spokesperson, stated: "Like you, I am waiting for the judiciary to provide details on the case you mentioned, so that the public, both domestic and international, can understand the reasons behind the arrests of the individuals you referenced. Any procedural issues will be addressed in court."

On the same topic
Driven by surging valuations and economic reforms, Nigeria’s capital market now accounts for 33% of GDP, with total capitalization up 125% in less than...
Africa’s startup debt is growing, but $1–$5M loans remain scarce—too big for grants and too small for big lenders to process. FMO–Dalberg...
Genesis acquires 10% stake in FBNBank Sénégal First WAEMU investor joins Nigerian-owned subsidiary Deal supports regional expansion, SME...
IFC considers $100 million loan for Coris acquisition Funds support purchase of 59.81% stake in Cape Verde’s BCA Deal aims to boost SME lending,...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...

Nigeria: Investigation on Chinese Owned Temu Regarding Privacy Breach Concerns for Local Users
04

The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...

Niger-France uranium dispute: How 156 tonnes became 156,000 in global reporting
05

China’s initiative aims to address the imbalances that have long characterised bilateral trade relat...

China to scrap tariffs on imports from 53 African partners from May 1
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.