Court orders remand of two bank officials over N200 million fraud

The accused reportedly committed the offence in January.

An Abeokuta Magistrate Court on Wednesday ordered that two bank officials be remanded in prison for their alleged involvement in a N200million fraud.

The suspects, identified as Idris Salawu (24) and Oni  Adewale 29) working with First Bank in Adigbe branch, Abeokuta were arraigned  before  Magistrate Court 1 sitting in Isabo Abeokuta.

When the case was called for mention,  the police prosecutor , Paul Etusi, said the suspects fraudulently  transferred the sum of N200m from the bank to another account.

Mr. Etusi told the court that the accused committed the offence on January 25 at one of the  branches of the bank located at Adigbe area in Abeokuta, Ogun State Capital.

He said  the two suspects converted the money ‘with intent permanently to deprive the bank  of the  ownership of the property’.

“The accused  has committed an offence contrary to section 383 (1)(2)(a) of the criminal code and punishable under section 390(9) Law of Ogun State Nigeria 2006,” he stated.

“The accused  forged online transfer, taking document to defraud the sum of N200m property of First Bank, and connived with another person yet to be found, and transferred the money to his account,” the prosecutor informed the court.

“The accused  had already withdrawn N22m from the money, they had committed an offence contrary to section 465 and punishable under section 467 law of Ogun State Nigeria 2006,” he said.

The Magistrate, Anthony Araba, ordered the accused to be remanded in prison and adjourned the case to October 25 for consideration of bail application.


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