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EFCC Docks FCMB Staffs Over Multi Million Naira Fraud – brandcampaign.com.ng

EFCC Docks FCMB Staffs Over Multi Million Naira Fraud - brandcampaign.com.ng
EFCC Docks FCMB Staffs Over Multi Million Naira Fraud – brandcampaign.com.ng

The Economic and Financial Crimes Commission Ibadan Zonal Office  on Friday 2 February, 2018 arraigned two former employees of First City Monument Bank , Ebenezer Adelowo and Walter Ekomaye,  before Justice M. L. Owolabi of the State High Court sitting in Iyaganku, Ibadan,  Oyo State on charges bordering  on conspiracy, stealing and obtaining money under false pretences.

While Ebenezer and Walter were  arraigned together on  a three- count charge bordering on conspiracy  and stealing, Ebenezer was docked separately on five count charge of obtaining money under false pretense. They pleaded not guilty to all the charges preferred against them.
In view of their plea,  prosecution counsel Adeola Elumaro prayed the court for a trial date.  However,  counsel to the first defendant, Degbile Moronkeji informed the court of a pending application for bail filed on 31January, 2018. He thereafter prayed the court to allow the first defendant  remain in the EFCC’s custody pending ruling on his bail application. Counsel to the second defendant also informed  the court of his bail application.

Justice Owolabi however, ordered that the defendants  be remanded in EFCC’s custody  pending the determination  of their bail applications.

The case was adjourned to 16 February, 2018 for hearing of bail applications.
Ekomaye (39) and Adelowo (31) were arraigned  following investigation triggered by a petition from the Regional Control Compliance Officer and Zonal Control Compliance Officer of FCMB, alleging that sometime in December 2017, the duo were involved in illegal withdrawal of funds from customers accounts totaling N23million. It was further alleged that they took advantage of their position as account officers to some of the bank customers to perpetrate the fraud.
According to the petition, Ebenezer allegedly collected over N27m from different Bureau-de-change outlets under the pretext that he will give them the dollar equivalent.
One of the  charges against the duo reads: “That Ebenezer Adelowo ‘m’ and Walter Ekomaye ‘m’ between the month of October 2017 and December 2017, at the banking hall of the First City Monument Bank, Bodija branch, being employees of the FCMB,  did steal the sum of 19,736,905.78k (Nineteen  Million, Seven Hundred and Thirty -Six Thousand, Nine Hundred  and Five Naira, Seventy Eight Kobo) only property of First City Monument Bank PLC by withdrawing the said amount from the account of Mudashiru Ishola Nigeria Limited with account number 2825997025 when you knew there was no such fund in the account, and thereby committed an offence”.

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