31-year-old banker arraigned over alleged theft of customers’ N5.1m


A banker, Augustine Ononiwu, on Monday was arraigned before an Ikeja magistrates’ court in Lagos for allegedly stealing customers’ N5.1 million.

Ononiwu, 31, is standing trial on a 2-count charge of conspiracy and stealing.

He, however, pleaded not guilty to the charges and was granted bail pending the resumption of the trial on February 19.

The police prosecutor, ASP Ezekiel Ayorinde, told the court that the accused committed the offences between August 2017 and January 2018 at Ogba, Lagos.

Ayorinde said that the accused and others still at large conspired to steal N5.1 million belonging to a new generation bank.

He said, “The accused diverted several customers’ recalled funds that were expected to be credited to other banks to his personal use.

“The theft was discovered when one of the beneficiaries who had yet to be credited came to bank to complain.

“Upon underground investigation, the bank discovered that the accused debited the bank and fraudulently credited his accomplices.”

Ayorinde said that it was based on the discovery that the accused was arrested and handed over to the police.

The offences, according to the prosecutor, contravened Sections 287(7) and 411 of the Criminal Law of Lagos State, 2015 (Revised).

NAN reports that the accused may be jailed for seven years if found guilty of stealing in accordance with the provisions of section 287 (7).


Source link

More News

President Buhari to Embark on Eight-Day Visit to Saudi Arabia, Perform Umrah

On Tuesday morning, President Muhammadu Buhari will begin an eight-day state visit to the Kingdom of Saudi Arabia, where he is expected to perform...

Senator-Elect Yar’Adua Commits to Delivering Change for Katsina Central District

Senator-elect Abdul’aziz Yar’Adua of the All Progressives Congress (APC) for Katsina Central Senatorial District has vowed to deliver on his campaign promises to the...

Police Arrest Suspect in Brutal Killing of Pregnant Girlfriend in Kano

The Kano State Police Command has arrested Philibus Ibrahim, who allegedly strangled his pregnant girlfriend, 22-year-old Theresa Yakubu, in Tudun Wada Local Government Area...

2023 Polls: Group warns Governor Matawalle over inciting comments, blaming Nigerian military

The Centre for Africa Liberation and Socio-Economic Rights (CALSER), a Civil Society Organisation, has accused Governor Bello Matawalle of displaying undemocratic tendencies following his...