(Ecofin Agency) - 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."