Bank Manager Docked Over N42m Fraud 4 years ago 65

The Economic and Financial Crimes Commission, EFCC, has arraigned Mr. Michael Adewole, Branch Manager of Oceanic International Bank Plc, now Ecobank Plc, and four others before Justice A. I. Chikere of the Federal High Court sitting in Uyo, Akwa Ibom State, southsouth Nigeria.

They were arraigned on a 20-count charge bordering on conspiracy, forgery, fraudulent conversion and non compliance with Know-Your -Customer, KYC, directive.

The other accused persons are Chief Patrick Eyo Ente, Chrysanctus B. Etteh, Chief Francis B. Ekpenyong, Chief Umana Etor Umana as well as the bank situated on 145 Ekot Ekpene Road , Uyo, Akwa Ibom State .

The accused persons pleaded not guilty to all the charges preferred against them, prompting the defence counsel, Francis Ekanem, Tajudeen Alade and Samuel Akpabio to immediately make an oral bail application, urging the court to allow the accused persons to continue to enjoy the administrative bail granted them by the EFCC.

While adjourning the case till 27 September, 2012 for trial, the judge ordered that the accused persons should continue to enjoy the administrative bail granted them by the EFCC.

Barrister Emmanuel Ekpenyong who wrote the bank on behalf of the community was shocked to discover that the Community had a credit balance of N208, 783.70 as at 30 September, 2010 without any explanation on how the withdrawals were made.

In another development, the EFCC has docked11 suspects at a Federal High Court sitting in Benin City, Edo state on a four count charge bordering on conspiracy, illegal dealing and forgery.

The suspects: Mohammed Yusuf ; Adamu Mansur, Sani Rabiu, Murtala Mohammed, Yahaya Usman, Idris Abubakar, Yahaya Mohammad, Ibrahim Hassan, Hamisu Kamba, Aminu Ibrahim and Ibrahim Ahmed, were arraigned before Justice Adamu Hobon.

When the charges were read to the eleven suspects, they all pleaded not guilty to the charge.

The case has been adjourned till 2 July, 2012 for continuation of trial.

The accused persons were arrested on 31 January, 2012 in Benin City by officers of the JTF Operation Thunderstorm, with two trucks loaded with suspected adulterated automotive gas oil. Home Page

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