Friday, 18 September 2015

Diamond Bank Employee Arrested for N111.2m Fraud

A staff of Diamond Bank Obioha Okengwu was yesterday arraigned before Justice Mohammed Yunusa of a Federal High Court, Lagos over a nine count charge of fraud. He is accused of allegedly defrauding the bank of N111.2 million.

According to prosecuting counsel, Obioha, a graduate of Abia State University, committed the offence between April and August 2014 while working at the e-Business unit of the bank, handling daily settlement entries of transactions done on Point of Sales (POS) and Automated Teller Machine 

Obioha unlawfully credited huge sums of money into his family’s account instead of the bank’s accounts.
“At different times, N37million and N41. 4 million was lodged into two accounts owned by one Uchenna Okengwu. The accused also credited the sum of N10 million into the account of one Rosamund Okengwu and N9.5 million paid into one Chukwuemeka Okengwu’s account.” the prosecuting counsel told the court.
Obioha however pleaded not guilty to the charges. The case has been adjourned to Sept. 22 for hearing of the bail application.

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