EFCC docks ex-banker over N27m fraud
The Economic and Financial Crimes Commission, EFCC on Monday 3rd August 2015, arraigned one Bawa Momodu before Justice I.E Ekwo of the Federal High Court sitting in Port Harcourt, Rivers State on a 16-count charge bordering on forgery stealing to the tune of Twenty Seven Million Naira (N27, 000.000.00)
The petitioner, Sterling bank Plc, alleged that Momodu, a former staff of the bank, stole about Twenty Seven Million Naira (N27, 000.000.00) from the account of one of its customers.
The accused allegedly forged the signature of the said account holder, and fraudulently withdrew the monies from the bank.
Investigations further revealed that the said amount was transferred to the Sterling Bank account of one Emilia Ugwandu, who is now at large, in a bid to hide the source of the stolen funds.
The accused pleaded not guilty to the charges preferred against him.
In view of his plea, the prosecution counsel, A. Olatunji asked for a date for the commencement of trial. However, the defence counsel, K. Allen Nwogwama prayed the court to grant his client bail.
Justice Ekwo granted the accused person bail in the sum of Seven Million Naira (N7, 000,000.00), and one surety in like sum. The surety must be a responsible member of the society with landed property worth the bail sum, to be verified by the court registrar and the prosecution.
The accused person is also to be reporting at the EFCC on the last day of every month.