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How Banker Swindled Customers Of N80m



EFCC Arrests 34 Suspected Internet Fraudsters In Ibadan, Lagos

By Ella Makondo

A Katsina State High Court has remanded a banker, Kolapo Oduwole  over an alleged fraud in which customers were duped of N80 million.

Oduwole who is an employee of Union Bank was arraigned on Monday  by the Economic and Financial Crimes Commission ( EFCC) following its investigations into the matter.

He was brought before Justice Musa Danladi of the Katsina State High Court by the Kano Zonal Office of EFCC  on six counts bordering on forgery and fraud.

According to the commission, the banker was alleged to have forged signatures of the Relationship Manager of the bank on three fixed deposit certificates and presented same to some customers and subsequently convinced them to deposit their funds in deposit  accounts controlled only by him.

 In a statement by the EFCC Head, Media and Publicity, Dele Oyawale, stated that investigation had revealed that after the money was fixed, the defendant transferred it into various accounts to conduct his personal businesses.

“That you, Kolapo Oduwole, on the 3rd March, 2020, at Katsina, within the jurisdiction of this honourable court, forged a certain document to wit: Re: Investment of N80m only with intent to cause damage to one Abubakar Mohammed by making him to believe that you had placed the money in a fixed deposit with Union Bank, and you thereby committed an offence contrary to Section 340 and punishable under Section 341 of the Penal Code Law of Katsina State 2019, ” the statement revealed.

However, the accused pleaded not guilty.

The prosecution counsel, Aisha Habib, therefore  requested the court for a trial date and that the defendant should be remanded in the EFCC custody as he was still under investigation.

Defence counsel, M.M. Rimaye, did not object to the prosecution’s application.

Justice Danladi adjourned the matter till October 12, 2020 for commencement of trial and remanded the accused person in EFCC’s custody.

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