Ecobank Commercial bank nabs 3 of its employees in N2.8 million fraud on customers' account

The 3 accused persons have reportedly been charged to a three-count charge of conspiracy, forgery and stealing at Tinubu Magistrates’ Court on Lagos Island, Lagos State.

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Commercial bank nabs 3 of its employees in N2.8 million fraud on customers' account play

Commercial bank nabs 3 of its employees in N2.8 million fraud on customers' account

(Banking View)
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One of Africa's most prominent commercial bank, Ecobank during a weekly quality assurance reconciliation at the Iyana-Ipaja branch discovered that 3 of its employees stole N2.8 million between July 10 and 14, 2015 from customers’ accounts through forged signatures.

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The 3 accused persons, Oluwatoyin Adetunji (41, cashier), Oluwatosin Obademi (32, Cashier) and Olushola Ogunshina (39, ICT personnel) have reportedly been charged to a three-count charge of conspiracy, forgery and stealing at Tinubu Magistrates’ Court on Lagos Island, Lagos State.

The prosecutor, Inspector Nurudeen Thomas, stated that the accused Obademi and Ogunshina in their confession statements said that Adetunji brought the idea up, and told them they would each receive N350,000 Naira each if they cooperated.

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Thomas further stated that their offences is a breach of Sections 285, 361 and 409 of the Criminal Code of Lagos State, 2011.

The accused have been granted bail of N200,000 Naira with two sureties each by Chief Magistrate, K. B. Ayeye and case hearing adjourned to February 22, 2016.

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