Stanley Odjighere and Igho Timothy Okpekereke, who in 2014 defrauded a new generation bank of N210million, have pleaded guilty to a 2-count charge on money laundering brought against them by the Economic and Financial Crimes Commission.

The duo sometime in 2014 at the Ecobank PLC Oghara branch, in Delta State, cashed on a system glitch leading to malfunctioning of the Quickteller facility in the bank’s ATM to defraud the banks 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.

Read more here... http://www.maryoscarsblog.com/2016/01/teenage-boys-plead-guilty-to-defrauding.html