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
Debt funding rose to $1.64 billion in 2025, a record for Africa Debt accounted for 41% of total start-up capital invested Kenya led debt...
IMF plans a staff mission to Gabon in February, with no formal program request filed. Authorities say they intend to work toward IMF support after...
Kenya’s competition authority approved Zenith Bank’s takeover of Paramount Bank. The deal would give Zenith its first foothold in the Kenyan banking...
BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitization fund admitted to the exchange. Sonabhy...
Most Read
01

The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...

South Africa’s BoxCommerce Partners with Mastercard on SME Fintech Solution
02

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
03

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
04

Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...

Amazon and Starlink Set Up Satellite Internet Rivalry in Africa
05

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
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.