Fidelity bank banner UBA banner
Union Bank employee, accomplice docked for N116m fraud

By News Express on 20/12/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 776

•The accused, Temitope Oluwasanmi and Augustine Olayinka
•The accused, Temitope Oluwasanmi and Augustine Olayinka

The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned the duo of Temitope Oluwasanmi and Augustine Olayinka before Justice Mojisola Dada of the Lagos State High Court sitting in Ikeja on a seven-count charge bordering on conspiracy, stealing and fraudulent  diversion of funds to the tune of N116 million.

The first defendant, Temitope Oluwasanmi, an employee of Union Bank of Nigeria (UBN) Plc, was arrested by operatives of the EFCC sometime in October 2017, following a petition received by the Commission from the bank.

Oluwasanmi is alleged to have diverted the sum of N116 million to the savings accounts of three individuals, who are said to be his friends Augustine Olayinka (Account No.: 0050657770), Oginni Opeyemi (Account No.: 0046585982) and Ogbaro Oluwaseyi (Account No.: 0061074951).

The defendants pleaded not guilty to the charge when it was read to them.

One of the counts reads: “That you, Temitope Oluwasanmi, Augustine Olayinka, Oginni Opeyemi (still at large) and Ogbaro Oluwaseyi (still at large) sometime in 2015 in Lagos, within the Lagos Judicial Division, conspired to commit felony to wit stealing”.

Another counts reads: “That you, Temitope Oluwasanmi, whilst being an operating staff in the e-business Department of Union Bank of Nigeria Plc., between March 2017 and October 2017, in Lagos within the Lagos Judicial Division, with intent to defraud, transferred the sum of N116,000,000 (One Hundred and Sixteen Million Naira) into the nominee accounts of Augustine Olayinka Opeyemi (still at large) and Ogbaro Oluwaseyi (still at large) knowing same to be proceeds of crime.”

In view of their pleas, the prosecution counsel, E.A. Oyedotun-Laleye, asked the court for a trial date and also prayed the court to remand the defendants in prison custody pending the determination of charge preferred against them.

Counsel to the first defendant, Frank Eke, and counsel to the second defendant, Femi Banjo, moved applications for bail on behalf of their clients.

However, the prosecution counsel, Oyedotun-Laleye, opposed the bail applications.

Justice Dada, however, admitted the first defendant to bail in the sum of N2 million with two sureties in like sum.

One of the sureties must have a landed property within the jurisdiction of the court.

The sureties must provide the court with a proof of payment of tax in the last three years.

Justice Dada also granted the second defendant bail in the sum of N1m and two sureties in like sum.

One of the sureties must have a landed property within the jurisdiction of the court.

The sureties must provide a proof of payment of tax in the last one year to the court.

Justice Dada ordered the defendants to be remanded in Ikoyi Prison pending the perfection of their bail conditions.

The case was adjourned to January 25, 2018 for commencement of trial.

Source News Express

Posted 20/12/2017 1:54:21 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Save Lagos Group raises alarm over fate of...

Buhari signs Compulsory Gunshot Treatment bill, 5 others...

Arewa, Ohanaeze clash over representation at National Dialogue...

APC Primaries: Emulate Ambode, Buhari urges losers

NCC shifts deadline for payment of $5.2 billion...

Fresh stalemate in Abia as APGA stops further...

Boko Haram kills 9 NECO exam candidates, 14...

Taiwan protests Nigeria’s closure of Abuja trade mission...

World is one step away from nuclear war,...

May Day: Why workers deserve to be celebrated...

Save Abia group demands arrest of ex-Governor TA...

UBA promotes 3,000 Staff

 

Latest News Missing DELSU student found dead with tongue, breasts severed Fayose’s trial: We moved N1.2bn cash in three planes —Witness APC fortunes bleak unless Oshiomhole resigns, South-South aggrieved aspirants insist Kwara people planning Saraki’s retirement from politics — Oshiomhole David Mark’s daughter dumps PDP for APGA As President, I’ll make difficult decisions to fix Nigeria: Atiku APC threatens to expel Okorocha’s son-in-law, Abe, Shittu, others Minister expresses worry over 2.5m malnourished children in Nigeria APC appoints Peace and Reconciliation Committees Air Force hits Boko Haram workshop, staging post Chicago hospital shooting leaves 4 dead, including police officer and gunman Three arrested in Australia after 'ISIS-inspired' terror plot foiled

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (422,576 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (390,703 views) Shameless Genevieve Nnaji exposes breasts in public (323,783 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (272,386 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (244,750 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (227,777 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (209,539 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (191,094 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (176,417 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (168,872 views) Lagos plane crash: Journalist releases victims’ names (165,448 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (152,282 views)

 

Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (74) Business & Economy (3,801) Business Verdict (54) Columnists (964) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (568) Features (670) Global Business Monitor (311) International (2,706) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (38) News (40,683) Opinion (1,145) Pidgin (13) Politics (7,804) Religion (903) Sports (1,780) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera