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Female banker, accomplice face trial over N67.9m fraud

Published on January 18, 2016 by   ·   No Comments

Paul Iyoghojie


Operatives of the police Special Fraud Unit (PSFU), Minverton Street, Ikoyi, Lagos, western Nigeria have arrested two members of staff of a new generation bank in Lagos, for allegedly fraudulently withdrawing the sum of N67 ,908.136 from the account of their employer without authorization.

Following the development, according to the police, the management of the Bank sacked the suspects, Rukayyah Mustapha, 35, and Abdul – Rasheed Atta, 37 , and handed them over to the police to face prosecution.

The suspects were arraigned before an Igbosere Magistrates’ Court, Lagos on a two-count charge of felony to wit, stealing.

Police prosecutor, Inspector Sylvester Azubuike informed the court in charge No.B/05/2016 that the accused persons committed the offence between October 2013 and September 2014 at the bank’s branch situated on Akin Olugbade Street, Victoria Island, Lagos.

Azubuike told the court that the accused persons during working hours fraudulently withdrew the sum of N67 ,908.136 from the account of their employer through system manipulation with computers.

He said the management of the bank discovered the fraud when they audited their account books.

Azubuike noted that the offences the accused persons committed are punishable under sections 409 and 285 of the criminal laws of Lagos State, 2011.

The accused persons pleaded not guilty to the alleged crime in the open court and their counsel, Barr. G Lawani and Gani Oyarevuegbe prayed the court to admit their clients to bail on the most liberal terms with a promise that they will not jump bail.

The presiding Chief magistrate, Miss A. O. Awogboro admitted them to bail in the sum of N5m each with two sureties each in like sum.

Awogboro adjourned the case till 3 February, 2016 for mention, while the defendants were taken to Ikoyi and Kirikiri prisons, Lagos, pending when they will fulfill their bail conditions.

Posted by on January 18, 2016, 11:39 am. Filed under Metro, News.
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