April 1, 2023

EFCC Reveals How Bank Staff Stole Over ₦870 Million From customers Account Within 3 Days

Ayokola has learned that operatives of the Economic and Financial Crimes Commission (EFCC) has disclosed that some staff of A Bank defrauded the bank and its customers of N874 million within three days.

The agency also highlighted the suspects in the trial as Olusegun Babasola, Abisola Ahmed, Uchechukwu Uma, and Jude Aphaeus, who are staff of the bank.

They are being prosecuted for an alleged N874 million fraud before Justice Oluwatoyin Taiwo of the Special Offences Court sitting in Ikeja, Lagos.

They allegedly played roles in the hacking of the bank’s database and cloning of more than 22 ATM cards used to steal and divert to personal use about N874 million belonging to five corporate customers: American International Insurance Company Limited (AIICO); Interswitch; OVH Energy Marketing Ltd.; Fidelity Bank Sinking Fund Account and FSL Securities Ltd.

They pleaded “not guilty” to the charges, which prompted the ongoing trial.

At Wednesday’s proceedings, Peter Ige, an Information System Auditor with the bank, narrated how his Department had been called upon to investigate the fraud.

Led in evidence by the prosecuting counsel, Nnaemeka Omewa, the witness identified the four staff of the bank in the dock and gave details of the findings of the internal investigation carried out by his team.

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