Alleged N411m Fraud: Court Remands Bank Manager in Prison
A Federal High Court in Ikoyi, Lagos, has ordered the remand of a former manager of Ecobank, Ifeanyi Chukwu for allegedly defrauding the bank’s customers of N411million.
Azike, who was handed over to the police by the investigative unit of the bank was arraigned before Justice Ayotunde Faji on Thursday, by the Special Fraud Unit (SFU) of the Nigeria Police Force (NPF).
He is facing a three-count charge bordering on obtaining money under false pretence, false representation and fraud.
In a charge marked, FHC/L/56c/2019, the police alleged that between 2016 and 2017, Azike fraudulently obtained N150 million from a customer of Ecobank Nigeria under false pretence of buying him Federal Government Treasury Bill in his bank.
Azike was also alleged to have forged the bank customer’s signature, picture and letter of Instruction which he used in opening another parallel account as Ikenna Okafor Kelvin with account number: 5333063028.
He was also alleged to have, without the consent of the bank, fraudulently converted the sum of N411 million belonging to the bank to his personal use.
The defendant, however, pleaded not guilty to the charge.
Following his plea, police prosecutor, ASP Daniel Apochi urged the court to remand him in prison pending trial.
Justice Faji granted his request and ordered that the defendant be remanded in prison till of March 8, 2019 when his bail application would be heard.
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