ALLEGED N200M FRAUD: HOW DIRECTOR USED ACCESS BANK ONLINE PLATFORM


An Ikeja Special Offences Court, Lagos, has heard how Access bank online payment platform was used by a former director to defraud the company



The former financial director of A&P Foods Limited, Mr Fidelis Umuokoro had allegedly defrauded the company to the tune of about two hundred million naira using the Access bank online payment platform.

TheConscience reports that the defendant was arraigned by the Economic and Financial Crimes Commission, EFCC on a 6 count charge bordering on conspiracy, forgery and stealing contrary to section 411,363 and 285 (1)(a) and punishable under s365 and s287 of the criminal law of Lagos state, 2011



This online newspaper gathers that the Commission said that Umuokoro committed the alleged offences between July 2016 and July 2019, using Access Bank online platform, before his dismissal in July 2020 as a result of allegations of stealing among other sundry offences.

Access bank office

During the arraignments he pleaded not guilty to all the charges.

Led in evidence by the EFCC counsel, T.J Banjo, the prosecuting witness who is the Company Secretary, Mr Chukwueme Ijei told the court how he discovered the fraud, and raised alarm to the management.

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Mr. Ijei said while following up with rental payment of staff’s quarters, a notice came from the Treasury department of the company that payment was made through the company’s account dedicated solely for online banking transaction, which he was not aware of as one of the signatories to the account.

He thereafter, explained that the company had six accounts domiciled in Access, Zenith, FCMB, Standard Chattered, Diamond and UBA bank.

https://theconscienceng.com/alleged-n200m-fraud-how-director-used-access-bank-online-platform/

This country is finished. Without imposing capital punishment on political looters and cybercrime offenders this country can never progress. Nigeria is cancer infected & that cancer is corruption.