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Published On: Tue, Sep 17th, 2019

EFCC arrests bank worker for allegedly stealing customer’s N137m

Court okays EFCC request to freeze Bauchi govt. account

IBADAN zonal office of the Economic and Financial Crimes Commission (EFCC) has arrested the sales agent of a commercial bank, Kehinde Olumide Agbabiaka, for allegedly stealing N137,000,000.

His arrest followed a joint petition by the bank’s Regional Security Officer and the Cluster Control and Compliance Manager.

The officers alleged that the suspect suppressed, diverted and stole the money from personal and corporate accounts of a customer in Ibadan, the Oyo State capital.

Filed on August 20, the petition alleged that Agbabiaka committed the offence between January 2017 and last July.

The suspect, who was the account officer attached to the customer, was said to be visiting the business premises of the victim weekly to collect cash with the understanding that he would remit same to the customer’s accounts domiciled in the bank’s Challenge, Ibadan branch.

But, instead of depositing the money, Agbabiaka was said to have at different times remitted only a portion and on many occasions diverted the whole sum to personal use.

To cover the criminal acts, the suspect, according to the petition, issued fictitious bank slips to deceive the customer that he truly deposited the money.

This continued until the customer reviewed the statement of his account and reconciled same with the cash collection register.

It was then he discovered Agbabiaka’s fraudulent deeds, prompting the bank to file the petition.

EFCC investigators have reportedly established a prima facie case of diversion and stealing against the suspect.

Further investigations also revealed that the bank employee had used the suppressed sums to build houses, purchase cars, invest in fixed deposits and insurance policies.

He allegedly gave part of the loot to people as friendly loans.

Some of his acquisitions have been recovered and registered as exhibits while he is said to be awaiting arraignment in court as soon as investigations are concluded.

 

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