EFCC Arraigns Access Bank AGM For Withdrawing N1.2b From Customers’ Accounts

 

An employee of Access Bank, Arthur Ezindu, has described how a former Account General Manager (AGM), Olayinka Sanni, professedly stole the sum of N1.2 billion from a several accounts belonging to clients of the bank.

 

Sanni was arraigned alongside one Oyebode Oteyebi by the Economic and Financial Crimes Commission (EFCC) on an eight-count charges irritating on stealing, forgery and uttering of forged documents.

 

Ezindu, who gave his office address as Block 99C Damole, off Adeola Odeku, affirmed as prosecution witness before an Ikeja High Court, Lagos.

 

While being driven in evidence by the EFCC Lawyer, Rotimi Oyedepo, Ezindu said that Sanni withdrew the sum of money from different customers’ account without their assent and thereafter issued them a forged document of affirmation which he asserted emanated from the bank.

 

READ ALSO: N1.2bn Fraud: EFCC Arraigns POS Operator, Two Others

 

The employee told the Special Offenses Court that Olayinka, who was his manager at the time of the incident, was a regional Executive, Lagos Mainland North at Intercontinental bank, now Access Bank.

 

 

As indicated by him, “the bank received several complaints from several customers whose accounts were debited without their consent.

 

“Some of these customers’ accounts include: the Falana Falana Chambers; Babington Junior Seminary; Viju Industries; Mechano Nigeria, PWU Nigeria; Elizade Nigeria; Murhi international Group.

 

“However, during the preliminary investigation, we noticed that all the complaints were centered on our staff, Olayinka Sanni.

 

READ ALSO: N500m Fraud: RRS Nabs Hotel Cleaner Who Use Access Bank ATM Card To Steal Money

 

“We invited him to the head office for questioning but he claimed that everything was under control.

 

“He told us not to bother investigating the matter on the grounds that there was more behind what was happening.

 

“So since he was our senior officer, being the AGM at that time, we decided to petition his case to the EFCC for proper investigation.”

 

When asked how much was involved as at the time the bank petitioned for EFCC, Ezindu replied: “The total sum was about N1. 2 billion.”

 

The prosecution thereafter tendered the petition dated September 2011 in evidence.

 

Meanwhile, the two defendants were also arraigned alongside a company, Sidaw Ventures Limited, which was allegedly used to transfer and cash out the stolen funds.

 

The employee further said: “During the preliminary investigation, the bank discovered that the company, Sidaw had Adamu as its signatory while Sanni indirectly manages the account.

 

“Some of the handwriting on the cheques belong to Sanni. He was the one indirectly signing and filling the cheques for Adamu.”

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