Thursday, 31 January 2019



Banker In Hot Soup After Stealing N2.4m From Customers' Accounts

A bank has found himself in serious trouble after he was arrested for allegedly stealing millions belonging to customers. 


File photo
 
An ex-employee in an old generation bank, Kazeem Olawuwo, who allegedly stole N2.4 million from several of the bank’s customers’ accounts, was on Thursday brought before an Igbosere Magistrates’ Court in Lagos.
 
Olawuwo, 37, was arraigned alongside his female friend, Risikatu Wahab, 35, on a 12-count charge of conspiracy, fraud and stealing, before Mrs M. F. Onamusi.
 
Prosecuting Sergeant Friday Mameh alleged that the defendant committed the offences between October 2016 and April 2018, at the Orile Iganmu branch, Lagos of the bank.
 
He said Olawuwo abused his position as a staff of the bank by fraudulently transferring N2.4 million to different accounts.
 
According to the prosecutor, the monies were moved in trenches from different customers accounts to Olawuwo’s friends’ bank accounts.
 
The court heard that the second defendant, Wahab, was one of Olawuwo’s friends who received the monies despite knowledge that the transaction was fraudulent.
 
Olawuwo allegedly fraudulently transferred N500, 000 to Wahab from a customer’s 0222111335 account no.
 
The prosecutor said Olawuwo transferred a total of N1.9 million to one Kazeem Olarewaju still at large, adding that the transfer to Olarewaju, was done in five tranches.
 
He told the court that the money was the property of the Bank.
 
The offences, according to Mameh, contravened Sections 287 (7), 365 (1) and 411 of the Criminal Law of Lagos State, 2015.
 
The defendants pleaded not guilty.
 
Magistrate Onamusi granted each defendant N1 million bail with two sureties in the like sum, among other conditions.
 
The case continues on February 26, for mention.
 
Olawuwo was also subsequently arraigned on a separate one-count charge of fraud.
 
Mameh said Olawuwo committed the alleged offence on March 2, 2018 , at the Bank.
 
He said Olawuwo fraudulently transferred N300, 000 to one Wasiu Bakare still at large, in contravention of Section 287 (7) of the Criminal Law of Lagos State, 2015.
 
Mameh said the money belonged to the old generation bank.
 
Olawuwo pleaded not guilty.
 
Magistrate Onamusi granted him N200, 000 bail with two sureties in the like sum.
 
She adjourned till February 26


Follow us
Twitter: @tonygists1
Facebook: @tonygists1
Instagram: @tonygists
Instagram 2: @tony_gists
Youtube: @Tonygists
YouTube 2: @Tonygiststv






Are You On youtube? subscribe to our Latest Updates - @tonygists
Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists1

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists


© 2019 Tonygists | Portions are © 2019 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or distributed.

Share This Post Via

Related Posts

Previous
Next Post »


Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 


 
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
 
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING

AD 728 x 90size