A former manager with Intercontinental Bank Plc (now Access Bank), Mr. Olayinka Sanni and Personal Assistant to Adeyemi Ikuforiji, Speaker of the Lagos State House of Assembly, Mr. Oyebode Atoyebi have been arrested by the Economic and Financial Crimes Commission, EFCC, over a case of conspiracy, stealing and forgery amounting to about N1.5billion.
Sanni, a chartered accountant and operator of SIDAW Ventures, a Bureau de Change, was alleged to have fraudulently transferred various sums of money from more than seven customers of the bank into the account of SIDAW ventures owned and operated by him without the customers’ consent.
Besides, Sanni also collected the sum of $461,200 USD from one Chukwurah Nkiru, who sold it to him for the equivalent of N76,559,200 but was not paid.
Oyebode Atoyebi, Personal Assistant to Ikuforiji was also arrested for complicity and conspiracy with Sanni for allowing his passport-sized photograph and name to be used to open an account in SIDAW ventures limited in the name of Akanmu Babatunde. With this fictitious name, Sanni brokered many shady deals and duped many innocent people.
The two suspects will soon be arraigned in court.