Court Fixes Oct. 14 For Hearing Of How Ex- Employee Defrauded UBA Bank Of $200, 000
Ikeja Special Offences Court, Lagos has fixed October 14, 2020 for hearing the case of Adu Oluwaseye, an Ex-employee of United Bank of Africa, UBA, for allegedly defrauding the bank in the sum of $200, 000.
The 36-year-old banker was arraigned by the Economic and Financial Crimes Commission, EFCC, on a one-count charge of stealing.
The EFCC lawyer, Umar Buhari ESQ, told the court that the defendant committed the alleged offence sometime in 2014 in Lagos.
Buhari said that the former employee dishonestly converted to his own use the sum of $200, 000 belonging to Insurance Broker of Nigeria (IBN).
The EFCC lawyer further said that the offence contravened Section 287 (7) and 411 of the criminal law of Lagos State No.11, 2015.
The prosecution, however, intends to call 7 witnesses, which includes two staff members of UBA who would give evidence, tender statement of account and analyse same before the court.
Meanwhile, according to a petition written by the bank to the EFCC, the defendant (an Ex-staff of the bank) fraudulently transferred the sum of $200, 000 from their customer’s account.
The petition dated February 11, 2020 signed by Sergius Ezedigwe (TM, Fraud Recovery) reads, “We formally report a case of fraudulent transfer of $200, 000 from our customer’s account belonging to Insurance Broker of Nigeria by Adu Oluwaseye.
“When confronted, he admitted he was fraudulently debiting the customer’s account with the sum of $200, 000 using an already utilized customer’s withdrawal instruction in 2014.
“Thereafter, he has been manipulating the customer’s account statement since then to conceal the fraud. Here are the details of accounts linked to his BVN: 22141756312 in UBA PLC and other banks we suspected the fraudulent funds might have been warehoused to enable you request court order for the recovery of funds.
“The former staff has the following number of accounts: 1 Access Bank, 14 with GT bank, 1 Polaris, 1 Sterling, 3 UBA, 1 Unity and 1 Zenith bank. A total sum of 22 accounts”.
Following the arraignment of the defendant, Buhari requested that the banker be remanded at the correctional center.
The defense counsel, Mrs. M. Uloma, however via a bail application dated March 6 requested that the court grant Adu bail in liberal terms.
Justice Oluwatoyin Taiwo thereafter granted bail to the banker in the sum of N20million with two sureties in like sum.
She said one of the sureties must be a landowner; the other surety must be a close relation to the defendant and must reside in Lagos.
The judge also said the sureties must provide evidence of taxes and evidence of gainful employment.