N116m Fraud: Union Bank Staff n Friend Arraigned

The first defendant, Temitope Oluwasanmi, an employee of Union Bank of Nigeria (UBN) Plc, was arrested by operatives of the EFCC sometime in October 2017, following a petition received by the Commission from the bank.

EFCC, on Tuesday, December 19, arraigned the duo of Temitope Oluwasanmi and Augustine Olayinka before Justice Mojisola Dada of the Lagos State High Court sitting in Ikeja on a seven-count charge bordering on conspiracy, stealing and fraudulent diversion of funds to the tune of N116m.

Oluwasanmi is alleged to have diverted the sum of N116 million to the savings accounts of three individuals, who are said to be his friends: Augustine Olayinka (account no.: 0050657770), Oginni Opeyemi (account no.:0046585982) and Ogbaro Oluwaseyi (account no.: 0061074951).

The defendants pleaded not guilty to the charge when it was read to them. Justice Dada, however, admitted the first defendant to bail in the sum of N2million with two sureties in like sum.

He ordered the defendants to be remanded in Ikoyi Prison pending the perfection of their bail conditions. The case was adjourned to January 25, 2018 for commencement of trial.