Why is Nigeria like this? Corruption everywhere, I decided to look into what is going on in some of our banks, cause i noticed that there have been several recent cases of insider fraud and shamefully all are involved.

Even access bank I used to respect, Just stumbled across this a report that the Bank's CEO is involved in a 2.5 billion Fraud for forgery.

The managing director and chief executive officer of Access Bank Plc, Herbert Wigwe, who is standing trial before an Ogun State High Court over alleged stealing of a property valued at ₦2.5 has opted for out-of-court settlement.

TIMELY POST had earlier reported that Wigwe, Alawode Oluseye, Bayo Adesina, and Access Bank Plc were accused of conspiring and stealing 23,754.413 metric tonnes of steel billets valued at ₦2.5 billion belonging to BMCE Bank International Plc.

It was gathered that Wigwe’s lawyer, Edoka Onyeke is in the process of engaging an out-of-court settlement with the Nigeria Police.

The alleged crime took place in June 2017 at the premises of Metal Africa Steel Products Limited along Sagamu/Ikorodu road, Ewe Jagun, in Ogun State, the police said.

According to the police, the defendants falsely presented themselves as the owners and sold the steel billets to Metal Africa Steel Products Limited without the authorisation of the actual owner.

The police said the defendants forged the Bill of Ladings number: MJINLOS150007’1A’; MJINLOS150007 ‘1B’; MJINLOS150007 ‘1C’; MJINLOS150007 ‘2A’; MJINLOS150007’2B’; MJINLOS150007 ‘2C’; MJINLOS150007 ‘2C’; MJINLOS150007 ‘2D’; MJINLOS150007 ‘2E’; MJINLOS150007 ‘2F’; MJINLOS150007 ‘2G’; MJINLOS150007

‘2H’; MJINLOS150007 ‘2I’; MJINLOS150007 ‘2J’; MJINLOS150007 ‘2k’; MJINLOS150007’2L’ and
MJINLOS150007’2M’, which they claimed were issued on January 9, 2016.

The offences according to the police are contrary to and punishable under Sections 518(6), 434, 383(1)(f) and 390(9), 516 and 464 and 467 of the criminal Code of Ogun State of Nigeria, 2006.

The offences also contravened Section 1(1)(a) and 1(3) of the Advance Fee Fraud and other related offences Act No. 14 of 2006.

During their arraignment, only Mr Oluseye was present in court. He pleaded not guilty to all the counts.

See the charges below:

Statement of Offence (1st Count): Conspiracy to effect an unlawful purpose, to wit: an unlawful sale of Steel Billets property of BMCE Bank International Plc, contrary to Section 518 (6) of the Criminal Code of Ogun State of Nigeria, 2006.

Particulars of Offence: That you Herbert Wigwe ‘M’, Alawode Oluseye ‘M’, Bayo Adesina ‘M’ and Access Bank Plc, on 22 day of June, 2017, at the premises at Met Africa Steel Products Limited, Km 16, Ikorodu-Sagamu Road, Ewe Jagun, Ogun State within the jurisdiction of this honourable court, conspired among yourselves to effect unlawful purpose to wit: the unlawful and unauthorised sale of 754.413 metric tonnes of steel billets, property of BMCE Bank International Plc without its permission or consent.

Statement of Offence (2nd Count): Fraudulent Disposal of Trust Property, contrary to Section 434 of the Criminal of Ogun State of Nigeria, 2006.

Particulars of Offence: That you Herbert Wigwe ‘M’, Alawode Oluseye ‘M’, Bayo Adesina, ‘M’ and Access Bank Plc on 22nd day of June, 2017, at the premises of African Steel Products Limited, Km 16, Ikorodu/Sagamu Road, Jagun, Ogun State, within the jurisdiction of this honourable court, with intent to defraud converted 23,754.413 metric tonnes of steel billets property of BMCE Bank International Plc, to your own use and unlawfully sold same without the authority of BMCE International Bank Plc.

Statement of 0ffence (3rd Count): Stealing of Money, contrary to Sections 383 (1)(f) and 390 (9) of the Criminal Code of Ogun State of Nigeria, 2005.

Particulars of Offence: That you Herbert Wigwe, ‘M’, Alawode Oluseye ‘M’, Bayo Adesina, and Access Bank Plc, sometimes in June 2017, in Ogun State, within the jurisdiction of this honourable court, unlawfully sold 23, 754.413 metric tonnes of steel billets, property of BMCE Bank International Plc to African Steel Mills Nigeria Limited for N2,572,500,000.00 and fraudulently converted the money to your own use and benefit.

Statements of offence (4th Count): Conspiracy to commit a felony to wit: stealing of 23,754.413 metric tonnes of Steel Billets, property of BMCE Bank International Plc, contrary to Section 516 the Criminal Code of Ogun State, 2006.

Particulars of Offence: That you Herbert Wigwe, ‘M’ Alawode Oluseye ‘M’, Bayo Adesina, and Access Bank Plc, between 2016 and 2017, at Ewe Jagun, Ogun State, Within the jurisdiction of this honourable court, conspired among yourselves to sell 23,754.41 metric tonnes of steel billets property of BMCE Bank International Plc.

Source: http://timelypost.ng/%E2%82%A62-5bn-fraud-access-bank-ceo-herbert-wigwe-opts-for-out-of-court-settlement/

Crime has become a Nigerian citizen.

It is well.