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Court remands four for allegedly stealing N1bn from bank customers


For allegedly stealing about N1billion from First City Monumental Bank (FCMB) customers bank account, a Lagos Magistrate Court, Igbosere has ordered four men to be remanded in prison custody. 

The suspects allegedly withdrew the sum of N900, 775,757.47 from AT‎M cards and pin numbers of the banks’ various customers and other bank computer materials. 

Magistrate Folashade Botoku ordered their remand following their arraignment on four count charges brought against them by the Special Fraud Unit of the Police.


The suspect are Gideo Olatimeyin 33, Osita Martyns 37, Daramola  Samuel Akanji 23 and Abiodun Aina 38 years old.

They were alleged of conspiracy, stealing and unauthorised modification of bank’s computer data by increasing the transaction limit.

Their offence is punishable under section 287(9)(c), 390,411 and 388 of the Criminal Law of Lagos State, 2015.

They pleaded not guilty to all the count charges. However, the court granted them bail in the sum of N20 million each, saying one of the sureties must be a traditional ruler.

She therefore order defendants to be remand in Kirikiri prison pending perfection of their bail condition and adjourned till October 23.

In this article:
fcmbKirikiri Prison
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