₦airaland Forum

The management of Sterling Bank has accused one of its former employees, Bawa Momodu, of stealing N27 million from a customer’s account. The Economic and Financial Crimes Commission (EFCC) on Monday arraigned Momodu before Justice I. E. Ekwo of the Federal High Court sitting in Port Harcourt, Rivers State on a 16-count charge bordering on forgery, uttering and stealing to the tune of N27 million.
According to the Head, Media and Publicity, EFCC, Wilson Uwujaren, the accused allegedly forged the signature of the said account holder and fraudulently withdrew the money from the bank. He said: “Investigations further revealed that the said amount was transferred to the Sterling Bank account of one Emilia Ugwandu, who is now at large, in a bid to hide the source of the stolen funds.”
The accused pleaded not guilty to the charges preferred against him. In view of his plea, the prosecution counsel, A. Olatunji, asked for a date for the commencement of trial. However, the defence counsel, Allen Nwogwama, prayed the court to grant his client bail. Ekwo granted the accused bail in the sum N7 million and one surety in like sum. The surety must be a responsible member of the society with landed property worth the bail sum, to be verified by the court registrar and the prosecution.
The accused is also to be reporting at the EFCC office on the last day of every month. In a related development, the judge ordered that one Festus Agadi be remanded in prison custody till September 23, when his application for bail would be considered.

http://newtelegraphonline.com/ex-banker-steals-n27m-from-customers-account/

Picture of the banker

If he is truely guilty, the dude should just try and strike a plea bargain before his lawyer's fees and other costs of litigation gulp most of the 27 million




WHAT SHALL IT PROFIT A MAN TO STEAL 27 MILLION AND SPEND IT ALL AND MORE DEFENDING HIMSELF?

I'm getting to like the amount for 'bail' in this current dispensation!

Thief's everywhere this nation is corrupt from head bar some honest mens like buhari to the core root

Hmmmm.... Banking system in Naija with a lot of lop holes.

Kuraino:
Thief's everywhere this nation is corrupt from head bar some honest mens like buhari to the core root

Buhari? Honest?..Puppet open ya eyes

just check the amount he is required to bail himself is almost equal to the said amount he stole.....





the face of a criminal always look innocent when caught

donholy28:
Buhari? Honest?..Puppet open ya eyes

Na your bros for house be puppet

The accused allegedly forged the signature of the said account holder, and fraudulently withdrew the monies from the bank.

This is a breach of confidentiality and trust from this banker to his customer.... That's how must banking fraud are committed

ijustdey:
just check the amount he is required to bail himself is almost equal to the said amount he stole.....





the face of a criminal always look innocent when caught

Criminals aren't written on faces nah

MosakuAW:
Hmmmm.... Banking system in Naija with a lot of lop holes.

Oga american banking system self get loop holes,e no get where fowl no dey disappear for mid night.

Cc lalasticlala FP

I EVEN THOUGHT HE IS AN IGBO MAN

Haa

wat?

Okay is the money been refunded I need my own share out of it

Diezani's apprentice.

7 million naira bail?
When u hear a dead man mysteriously withdraws millions from his account, pls hold the bank o! How was hr able to transfer 27millia no fear

Yepa!!!!

E don red

I hope it will not be another media prosecution and judicially innocent?

Get rich or die trying
hustlers slang

Na wah for the guy oh... how could he av thought of stealing such amount of money and not get caught

What a man sowet shall he reap