N37M Fraud: EFCC Uncovers Criminal Syndicate Of Bankers


The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC, has uncovered a criminal syndicate of bankers that specialized in forging signatures of dead bank customers and stealing from their accounts.

They also execute fraudulent financial transactions, including unauthorized debits of depositors’ funds.

The members of the criminal syndicate, which include, Mbong Essien, Akwa Ephraim Akwa, Precious John, Kenneth Udoetuk and Ubong Udom were on Monday, March 2, 2020, arraigned before Justice Archibong Archibong of the Akwa Ibom State High Court sitting in Uyo,

MUST READ:  “If Not For BBNaija, You Can’t Stand Beside Me” – Nengi To Lucy

on a 23-count charge bordering on conspiracy, forgery, obtaining by false pretense and criminal conversion of depositors’ funds to the tune of N37,690,000.

The management of Fidelity Bank Plc, Abak Road branch in Uyo and 72 of the bank customers had in a petition dated December 9, 2019, alerted the Commission of suspicious withdrawals from customers’ accounts, including that of a deceased customer.

MUST READ:  Ceeza Mili Finally Replies Burna Boy, Still Claims He Wrote “On The Low” Back For Him

An investigation by the EFCC revealed that Mbong used his position as the Head, Operations and Transaction Service and Delivery, established a criminal syndicate that specialized in perpetrating the fraudulent transactions and deductions.

Further investigations also showed that without the authorization or knowledge of the management of the bank, the defendants managed a fictitious fixed deposit account with interest accruing to it.

MUST READ:  BREAKING: Court Grants Journalist Agba Jalingo Bail

The post N37M Fraud: EFCC Uncovers Criminal Syndicate Of Bankers appeared first on Naijaloaded | Nigeria's Most Visited Music & Entertainment Website.

Source: News update


Leave a Reply

Next Post

Jubilation As Odunlade Adekola Is Set To Become King In Ekiti (Read Full Details)

Tue Mar 3 , 2020
Post Views: 243 40 ★★★★★★★★★★★★★★★★★★★★★ CLICK TO DOWNLOAD JETHITMUSIK MOBILE APP ★★★★★★★★★★★★★★★★★★★★★ Popular and most loved movie star, Odunlade Adekola, who is Abeokuta based, but hails from Otun Ekiti, Ekiti State; precisely a prominent royal family (Iletun) is set to become King. Odunlade Adekola, who is from Iletun royal family […]
Copyright All right reserved Theme: Default Mag by ThemeInWP