Home Business Police nabs ex-banker for allegedly defrauding Stanbic-IBTC
BusinessCrimeNews

Police nabs ex-banker for allegedly defrauding Stanbic-IBTC

Share
Share

Ajayi Olusola, a former worker of Stanbic-IBTC bank, has been arranged by the police before a Federal High Court sitting in Lagos, for allegedly defrauding the bank of the sum of N205 million.

Confiance News gathered from a recent report by Punch.

The defendant is facing three counts bordering on conspiracy, obtaining by false pretences and unlawful conversation preferred against him by the Police Special Fraud Unit, Ikoyi, Lagos.

The prosecutor, Mr Sylvester Azubuike, told the court that the defendant allegedly committed the fraud alongside one Ayodele Olaogun and Hakeem Abdulhadi, who were at large.

Azubuike said Olusola, who now operates a company, Abel System Services Limited, allegedly committed the fraud between 2015 and 2021, while he was working with the bank.

The defendant pleaded not guilty to the charges.

Justice Awogboro admitted him to bail in the sum of N50 million with two sureties in like sum.

Please follow and like us:
Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Member

Don't Miss

Moniepoint hits ₦1trn milestone in SME Loans, marks 10 years of empowering small businesses‎‎

By Chioma Obinagwam Moniepoint Inc., Nigeria’s definitive platform for small businesses and Africa’s all-in-one financial ecosystem, today released its 2025 Year in Review,...

‎Why Nigeria’s Banks Still on Shaky Ground with Big Profits, Weak Capital

By Blaise Udunze‎‎Despite the fragile 2024 economy grappling with inflation, currency volatility, and weak growth, Nigeria’s banking industry was widely portrayed as successful...

Related Articles

Moniepoint hits ₦1trn milestone in SME Loans, marks 10 years of empowering small businesses‎‎

By Chioma Obinagwam Moniepoint Inc., Nigeria’s definitive platform for small businesses and...

‎Why Nigeria’s Banks Still on Shaky Ground with Big Profits, Weak Capital

By Blaise Udunze‎‎Despite the fragile 2024 economy grappling with inflation, currency volatility,...

Why 2026 could be your year of extraordinary breakthroughs‎

By Chioma Obinagwam‎‎Year 2026 will mark the end of ordinary living for...

‎Seplat Energy ends routine gas flaring, leads Nigeria’s net-zero drive‎

By Chioma Obinagwam‎‎ Seplat Energy Plc is reinforcing its commitment to responsible,...