EFCC arraigns former Oceanic Bank manager over N245m scam

EFCC logo

The accused was arraigned on a 12- count charge of theft and misappropriation of funds.

The Economic and Financial Crimes Commission, EFCC, Wednesday, arraigned Usman Salifu, a former Branch Manager with Oceanic Bank Plc before a Kano State High Court, on a 12-count charge of theft and misappropriation of funds.

The accused, as manger of Oceanic Bank Plc (now EcoBank Plc), allegedly forged the signature of one Yusuf Dunari and stole N245million from his fixed deposit account.

When the charges were read to the accused, he pleaded not guilty.

Consequently, the prosecuting counsel, Ibrahim Ahmed, requested for a date for trial.

The case was adjourned to March 14 for hearing and consideration of the bail application, while the accused was remanded in prison custody.

Support PREMIUM TIMES' journalism of integrity and credibility


Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: New Discovery! Click Here To See A Miracle Device That Can Cure DIABETES, BLOOD PRESSURE, STROKE, ARTHRITIS, PAINS, OBESITY And 50 Other CHRONIC DISEASES Without Drugs Or Herbs.. Click Here Now To See It

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.