Nigerian Breweries Loses N170m To Fraudster

Nigerian Breweries Loses N170m To Fraudster

A bank customer in Lagos, southwest Nigeria, Aliu Olaribigbe Ayinde, 48, has been charged to court for allegedly withdrawing the sum of N170,000,000 from a Nigerian Breweries account for his personal use.

The suspected fraudster was arrested by the police at Ikoyi Division, Lagos, and arraigned before an Igbosere magistrate’s court on a 3-count charge of conspiracy to wit, stealing.

The police alleged in suit No. B/10/2013 that the accused was arrested following complaints by two banks.

The accused fraudulently conspired with others now at large to withdraw the sum of N170 million from the account of Nigerian Breweries Plc in a new generation bank to his account in the same bank and he later transferred all the monies to different accounts in other banks including the transfer of the sum of N446,000 into his account at an old generation bank in Lagos.

The police further stated that the bank’s management discovered the theft when they audited their account, and reported the matter to the police.

Following the report, the police swung into action and arrested Ayinde in Akure Ondo state and brought him to Lagos.

During interrogation, the accused allegedly confessed to the police that he committed the crime.

The offence, according to the police, contravenes sections 409, 335 and 285 of the criminal laws of Lagos state of Nigeria, 2011.

The caused pleaded not guilty to the charges and the presiding Chief Magistrate, Mrs. O.O. Oshin admitted him on bail in the sum of N250,000 with two sureties each in like sum with proof of tax payment to the Lagos state government.

She adjourned the matter till 21 March, 2013 for mention.

The defendant was moved to Ikoyi prison pending when he would fulfil the bail condition.

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