Across Nigeria Corruption Matters Main News News

EFCC arraigns banker for diverting N700m from customers’ accounts

The Economic and Financial Crimes Commission has arraigned a banker, Nsa Ayi, before Justice Mojisola Dada of a Lagos State High Court sitting in Ikeja for fraudulent and false accounting to the tune of N700m.

He was also said to have altered instructions and falsified signatures of customers to transfer money into various accounts outside the bank.

The EFCC, which arraigned Ayi on 11 counts of fraud, said the offences were contrary to Section 335(a) of the Criminal Law of Lagos State of Nigeria, 2011.

The defendant, a former Relationship Officer, Coronation Merchant Bank, allegedly connived with unknown parties to move funds using customers’ electronic instructions meant for investment in the Federal Government of Nigeria Bonds, Treasury Bills and Fixed Deposits.

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