In the press statement released by the Economic Financial Crime Commission, EFCC a former branch manager of Ecobank Plc, Victor Amushie has being arrested for a credit fraud of N81million.

Amushie who is now in custody of the EFCC, will be charged to court as soon is investigation is concluded. See the press release below..


A former branch manager of one of the new generation banks, (Ecobank Plc), Victor Amushie has been arrested by the Economic and Financial Crimes Commission for a credit fraud in the sum of N81, 024, 749.28( Eighty One Million, Twenty-Four Thousand, Seven Hundred and Forty Nine Naira, Twenty Eight kobo only).

The suspect allegedly packaged loan facilities for himself, using several names and accounts of some customers of his bank, with whom he shared the proceeds.

Details of the loan disbursement showed that he granted a total sum of N57, 979, 024. 07( Fifty Seven Million, Nine Hundred and Seventy Nine Thousand, Twenty Four Naira, Seven kobo only) to Onezh Oil and Gas Limited; N11, 317, 562.73( Eleven Million, Three Hundred and Seventeen Thousand, Five Hundred and Sixty Two Naira, Seventy Three kobo) to Esubeb Staff Multipurpose Cooperative and N11, 728, 162. 48 (Eleven Million, Seven Hundred and Twenty Eight Thousand, One Hundred and Sixty Two Naira, Forty Eight kobo only) to Ogochukwu Amanda.

Source> http://www.whonaija.com/2014/08/n81million-fraud-efcc-arrests-former.html