2 men who defrauded bank of N210m via ATM in soup

Two fraudsters who stole over N210 million from a bank's ATM machine have been docked by the EFCC.

The two suspected fraudsters, Stanley Odjighere and Igho Timothy Okpekereke

The Economic and Financial Crimes Commission (EFCC), has docked two young men, Stanley Odjighere and IghoTimothy Okpekereke, for allegedly using the Automated Teller Machine (ATM), to defraud the Oghara, Delta State branch of the Ecobank to the tune of N210 million in 2014.

According to the anti-graft agency, the suspects were charged before Justice M.S. Abubakar of the Federal High court sitting in Asaba, the state capital and they both pleaded guilty to a 2-count charge on money laundering brought against them by the Commission.

The agency said in a statement:

"Stanley Odjighere and Igho Timothy Okpekereke, had, sometime in 2014, cashed on a system glitch leading to malfunctioning of the Quickteller facility in the bank’s ATM to defraud the bank by transferring monies to several accounts.

All the transactions involved were failed transactions but the monies transferred were not reversed from the customer’s accounts.

Over Two Hundred and Ten Million Naira was transferred into their First Bank accounts, which they laundered through other peoples bank accounts and later converted to their personal use."

In view of their plea, the prosecution counsel, G. O Edobor, asked for a date for the review of the case and sentencing.

Justice Abubakar adjourned the matter to a later at for sentencing of the defendants and ordered that they be remanded in prison custody.

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