Bank staffers nabbed for defrauding employer billions

bank_fraudFrom OKORO CHINEDU in Lagos, Nigeria
LAGOS, (CAJ News) – TWO staff of a new generation bank have been arrested for allegedly defrauding the Nigerian based  financial institution of N3,6 billion.

The duo allegedly conned the bank with an e-payment mandate purportedly from Federal Ministry of Agriculture and Rural Development.A crack team of operatives of the Economic and Financial Crimes Commission (EFCC) has made the arrest.The suspects, who allegedly operate as syndicate, sometime in June this year, through their cronies submitted an e-payment mandate of N1,4 billion to Zenith bank and Access Bank Plc.According to the EFCC banks, sensing a foul play after noticing some abnormalities on the e-payment mandate discreetly contacted the Ministry of Agriculture for confirmation and authentication of the document. 

A response from the Ministry showed that, no mandate was sent to the banks.Hence, the EFCC was contacted for investigation.While the investigation was underway, the suspects in furtherance of their dubious acts submitted another e-payment mandate of N1,398 billion to Zenith bank, Abuja branch though one Abiola Oloko, an alleged accomplice.

In the process, EFCC operatives arrested Oloko.According to EFCC, on arrest, Oloko confessed that, they have had several meetings to arrange and perfect “the deal”.Oloko, who claimed to be a job seeker said, he was lured into “the business” by the bank officials whom he claimed gave him an identity card of the Federal Ministry of Agriculture and Rural Development to answer the false name “Femi Babatunde,” but with his real passport photograph affixed to it.Wilson Uwujaren, EFCC Spokesperson, said the suspects will be arraigned in court as soon as investigations into the matter are concluded.

CAJ News 

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Posted by on Aug 7 2015. Filed under Africa & World, Featured, Finance, Finance & Banking. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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