FRAUD: EFCC Arraigns Ex-bank Manager for N187m Fraud

The Enugu Zonal Office of the Economic and Financial Crimes Commission (EFCC) yesterday arraigned a former acting branch manager of a new generation bank, Oliver Anidiobi, before Justice C. O. Ajah of the state’s High Court, sitting in Enugu, for alleged N187 million fraud.
Anidiobi, who was also the Account Relationship Officer of a microfinance bank, is facing a 32-count charge bordering on forgery and stealing from the microfinance bank. The commission said its investigations revealed that the banker used his position to convince the microfinance bank to deposit the amount with him with an accompanying letter of instruction (which he acknowledged) to the new generation bank.
He was said to have fixed the amount on behalf of the microfinance bank and allegedly forged a ‘Fixed Deposit Certificate’ as evidence of their investment.

Anidiobi, upon receipt of several instalments of the money totalling N187 million, allegedly diverted the money to his personal use to build a two-storey building of five flats, buy several plots of land on Enugu-Port Harcourt Expressway and an uncompleted four-bedroom bungalow at Centenary Estate, Enugu. He was also said to have made an investment of over N65 million from the money.
His journey to the dock began when the microfinance bank decided to liquidate their two fixed deposits and discovered that there was no record of the transactions in the system.
One of the counts against him reads: Anidiobi Oliver Chukwuka, sometime between August 15, 014 and August 28, 2014 in Enugu, within the jurisdiction of this honourable court, did commit a felony to wit: stealing by fraudulently converting to your personal use the aggregate sum of N5 million only, being property of a microfinance bank and thereby committed an offence.

Source (The Nation, Wednesday, May 8, 2019.)

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