EFCC arrests ex-Ecobank manager for alleged N81 million fraud

Although the alleged fraud was stopped, Mr. Uwujaren said the former bank manager was at the verge of fleeing the country when he was arrested.

By Tina Ohanu

The Economic and Financial Crimes Commission, EFCC, on Friday said it arrested a former Branch Manager of Ecobank, Victor Amushie, for alleged N81 million fraud.

A statement by the Head, Media and Publicity, Wilson Uwujaren, said Mr. Amushie was arrested for allegedly stealing N81 million through loan resources he provided for himself.

Mr. Uwujaren said the suspect used several names and accounts of some customers of the bank with whom he shared proceeds from the fraud.

Although the alleged fraud was stopped, Mr. Uwujaren said the former bank manager was at the verge of fleeing the country when he was arrested

He also said that evidence of the loan disbursed by Mr. Amushie showed that N57.98 million was granted to Onezh Oil and Gas Limited; N11.3 million to Esubeb Staff Multipurpose Cooperative, and N11.7 million to Ogochukwu Amanda.

He said Mr. Amushie is still in custody of the commission and will be charged to court as soon as investigation is completed.