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Banker diverted N78m pension fund into fake accounts –ICPC


The Independent Corrupt Practices and other relatedoffences Commission has charged a former employee of Skye Bank, Mr. Yemi-Aris Olaniran, to court for allegedly defrauding the Federal Government of N78.52m.

The ICPC said in a statement by its spokesperson, Mrs. Rasheedat Okoduwa, that Olaniran, while in the employ of the bank between 2011 and 2013, created 50 fake bank accounts and diverted N78.52m meant for the payment of pensioners into the fictitious accounts.

The statement read in part, “The commission, which preferred 24 charges against the ex-banker before Justice Babatunde Quadri of the Federal High Court, Maitama, Abuja, accused him of transferring N78, 521, 431.61 from the Federal Government Pension funds into private accounts held by nonpensioners in contravention of Section 15 (2) (b) of the Money Laundering Act 2011. The alleged offence is punishable under Section 15 (3) of the same Act.”

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