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Your email address will not be published.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

NLNG Wins FIRS Most Compliant Taxpayer Award for Third Time

By Chioma Obinagwam Nigeria LNG Limited (NLNG) has been honoured for the third time as the Most Compliant Taxpayer in corporate Nigeria by...

Is Nigeria economically broke? Challenges and opportunities in Africa’s largest economy

By Blaise Udunze Is Nigeria, Africa’s largest economy, economically broke? It is a question no patriotic citizen wants to confront, yet one that...

Related Articles

NLNG Wins FIRS Most Compliant Taxpayer Award for Third Time

By Chioma Obinagwam Nigeria LNG Limited (NLNG) has been honoured for the...

Is Nigeria economically broke? Challenges and opportunities in Africa’s largest economy

By Blaise Udunze Is Nigeria, Africa’s largest economy, economically broke? It is...

The power of discriminating grace

‎By Chioma Obinagwam‎‎Ever wondered why some people are more favoured over others?...

Rivers launches PH AirportCity to boost luxury housing

By Chioma Obinagwam In a landmark move to revitalize Nigeria’s oil-rich Garden...