ADE BURAIMO

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ADE BURAIMO’s Alpha Morgan Bank Thrust Into Crisis as Alleged System Glitch Triggers N230m Financial Breach

18 November, 2025

Leadership at Alpha Morgan Capital (often referred to informally as “Alpha Morgan Bank”), led by Group Managing Director Ade Buraimo, has come under public scrutiny following a wave of online complaints alleging that a system glitch resulted in the loss or unauthorized movement of approximately N230 million from customer accounts.