Saturday, 28th May 2022
<To guardian.ng
Search
Breaking News:

Court remands former bank staff over alleged N16m fraud

By Yetunde Ayobami Ojo
18 January 2022   |   3:55 am
Justice Tijjani Ringim of a Federal High Court, Lagos, has ordered that the former Customers Service Executive with Zenith Bank Plc, Unyime Faithlyn Akinmade to remanded in Nigerian Correctional Services facility over alleged N16 million fraud and issuance of dud cheques.

Justice Tijjani Ringim of a Federal High Court, Lagos, has ordered that the former Customers Service Executive with Zenith Bank Plc, Unyime Faithlyn Akinmade to remanded in Nigerian Correctional Services facility over alleged N16 million fraud and issuance of dud cheques.

The trial judge ordered his remand after the men of Police Special Fraud Unit (PSFU) arraigned him over offence bordering on allegation of obtaining by false pretence and fraudulent conversion and issuance of dud cheques.

The prosecutor, Mr. Henry Obiaze, told the court that the defendant fraudulently obtained N16 million from one Omoigho Sandra Collins, between July 2020 and July 2021 under the pretence of investing same and giving her multiple return on investment.

He also told the court that the defendant issued a Zenith Bank cheque of N16 million to the victim, which was rejected and returned due to insufficient funds in the account. He also told the court that the defendant converted the N16 million, used same derived directly from participating in an organised criminal group and racketeering with the aim of either concealing or disguising the illicit origin of the resources.

According to the prosecutor, his offences are contrary to and punishable under section 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and Section 1(1)(i) of the Dishonoured Cheques (Offences) Act Cap. D11 LFN, 2004.  The offence is also contrary to and punishable under Section 15(b) of the Money Laundering (Prohibition) Act, 2011.

Following the defendant’s plea of not guilty, the prosecutor asked the court for a trial date and prayed that the defendant be remanded at the facility of the Nigerian Correctional Services (NCoS), till the determination of the charge.

The defendant’s counsel, Adegboyega Erinle, informed the court of his client’s bail application, which he said that the prosecutor refused services.

He therefore served the prosecutor in open court.

The prosecutor however prayed the court for a further date to enable him respond to the application.

Justice Ringim subsequently adjourned hearing of the bail application to January 21, 2022 while he ordered that the defendant be remanded in the facility of Nigerian Correctional Services (NCoS).