Five customers of Sterling bank in Lagos have been arrested by Operatives of the Special Fraud Unit (SFU) of the Nigeria Police, Milverton Road, Ikoyi, for allegedly defrauding the bank of N760 million.
According to report, the fraud was carried out in 2013 at the bank’s branches on Ring Road, Ibadan, Oyo State, Refinery Road, Kaduna State, Ogba, Ikeja, Lagos and Marina Street, Lagos Island, in connivance with some staff of the bank.
According to the police prosecutor, Supol. Emerho Frank, the suspects conspired with 10 others by fraudulently using the passwords and users’ profiles of some staff of the bank to withdraw the N760 million from the bank’s accounts without the bank staff’s knowledge and transferred same to different accounts of the bank’s branches and shared it among themselves.
The five people arrested are Kayode Ojo Rotimi, 23, Samson Oluwafemi, 32, Adeniyi Ishola David, 40, Adindu Precious, 40, and Iparo Olabode, 19 while the other 10 who are said to be at large were identified as Fabusoro Samuel Toyin, Goodluck Shehu, Briska Joel, Onifade Funsho, Mohammed Musa, Wale Arowasegbe, Awojola Tunde, Leye Baruwa, Babajide Aina and a woman Busayo Adesokan.
At the court hearing, all the accused persons pleaded not guilty to the crime.
Th presiding Chief Magistrate, Mrs. A. O. Adedayo, admitted them to bail in the sum N10 million each with two sureties in like sum.