Court remands former Bank PHB employee over N104m theft

Uhechukwu Okeke was a funds transfer officer at Bank PHB.

A Wuse Zone 2 Chief Magistrates’ Court in Abuja on Friday remanded a former employee of Bank PHB, Uhechukwu Okeke, who allegedly stole N104 million from the bank.

The 30-year-old Mr. Okeke was arraigned on a four-count charge of conspiracy, theft, breach of trust and forgery.

The Chief Magistrate, Ramatu Gulma, ordered that Okeke should be kept in prison custody pending the determination of his bail application.

She adjourned the case to January 15 for hearing of the application.

Earlier, the Prosecutor, Keneth Ubanwa, submitted that the accused, a resident of Kugbo, Abuja, conspired with two other former employees of the bank to steal the sum.

According to Mr. Ubanwa, the accused and the others, who worked as funds transfer officers, forged some documents to steal the sum.

He said that the offences contravened Sections 97(1), 289, 314 and 364 of the Penal Code.

Mr. Ubanwa told the court that the accused jumped administrative bail granted him by the police.