EFCC Arraigns Union Bank Staff  Over Alleged N80M Fraud



An employee of Union Bank of Nigeria(UBN) Kolapo Oduwole  has been arraigned before a Kastina State’s High Court, over alleged N80 million fraud.

Oduwole  was arraigned before Justice Musa Danladi  by Kano State office of the Economic and Financial Crimes Commission, EFCC, on a six-count charge of alleged forgery and fraud to the tune of N80 million naira.

EFCC alleged in the charge that the defendant  forged the Union  Bank’s Relationship Manager’s signatures on three fixed deposits certificates, presented same to some customers, which he subsequently used to fix their money in fixed deposit accounts under his control.

It was further alleged  that   after the money was fixed, the defendant transferred the  money into various accounts for  his personal businesses.

The offences according to the EFCC are contrary to Section 340 and punishable under Section 341 of the Penal Code Law of Katsina State 2019.

The defendant however, pleaded not guilty to the charge .

Aisha Tahar Habib, in her submission urged the court to fix a  trial date and ordered  that the defendant be remanded in the Commission’s custody as Oduwole is still under investigation.

Kolapo’s lawyer, M.M Rimaye, did not object to the prosecution’s  application.

Consequent upon the prosecution application, Justice Danladi adjourned  the matter till October 12, 2020 for commencement of trial and ordered that the defendant be remanded  in EFCC custody.

One of the counts against the defendant read that, “You Kolapo Oduwole on the 3rd March, 2020 at Katsina, within the jurisdiction of this honourable court forged a certain document to wit: Re: Investment of (N80,000,000) Eighty Million Naira Only with intent to cause damage to one Abubakar Mohammed by making him to believe that you had placed the money in a  fixed deposit with Union Bank and you thereby committed an offence contrary to Section 340 and punishable under Section 341 of the Penal Code Law of Katsina State 2019″.

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