Happy new year 2021 to all our members and visitors! CORONAVIRUS safety tips from Admin! 1. Watch your hands with running water 2. Dont cough in your hands 3. Keep distance from people 4. Stay indoor if neccessary!! Stay safe !!! Dear Members,Do you know that naijacrux is fully programmed to serve you better, Do you know that you can share your favorite post on naijacrux with friends on twitter,facebook, googleplus,myspace and many more! To share post on naijacrux with friends and family on twitter, facebook,googleplus,myspace,and many more, scroll to the down page of the post, Click on the Social Icon You Want To Share On To Share.


Author Topic: EFCC arrests 2 bank managers over N661m fraud  (Read 803 times)

0 Members and 1 Guest are viewing this topic.

Offline internet police

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1830
  • Karma: +0/-0
  • do not spam this forum
EFCC arrests 2 bank managers over N661m fraud
« on: August 13, 2014, 08:04:00 AM »
Loading...


The Economic and Financial Crimes Commission (EFCC) has arrested two Union Bank of Nigeria managers for allegedly stealing the sum of N661million from the bank.

The commission said in a statement released by its spokesman, Wilson Uwujaren in Abuja on Tuesday said that the duo of Samuel Obende, a branch Manager and Rabiu Alhasan Dawaki, Head of Operation stole the money in the course of their daily operations.



According to the EFCC, the two managers, who are both serving at a Union Bank in Kano, reportedly abused their positions to perfect the fraud.

The two men who were saddled with the responsibility of evacuating and supplying cash to 17 branches of the bank in Kano, Katsina, Kaduna and Jigawa States, conspired and made away with the said amount without the knowledge of their employers.

The commission further revealed that in a bid to cover their tracks, the two managers fabricated accounting entries, which deceitfully showed that all the monies were delivered to the respective branches.

The commission said the two men were being interrogated with a view to prosecuting them in court.
It will be recalled that Nigeria lost at least N4.52 billion to a reported 3,380 fraud cases involving N17.97 billion in 2012, according to the annual report of the Nigeria Deposit Insurance Corporation (NDIC).

The report said, ?The expected/contingent loss increased by N455 million or10.9 per cent as against N4.072 billion reported in 2011.?

?Notwithstanding the 43.7 per cent increase in the number of reported fraud cases from 2,352 in 2011 to 3,380 in 2012, the amount involved decreased by 36.4 per cent from N28.40 billion in 2011 to N18.04 billion in 2012,? the report said.

In 2013, Nigerian banks lost N40bn to cybercrimes, according to the Central Bank of Nigeria.
The Chief Information Security Officer, CBN, Mr. Taiwo Longe, made this disclosure at the first National Cyber Security Forum in Lagos. The forum was organised by the Office of the National Security Adviser.



 

Lekki bank robbery suspect nabbed:My share from the operation was N50000-suspect

Started by internet police

Replies: 0
Views: 1551
Last post May 14, 2015, 03:26:40 PM
by internet police
Robbers in military uniforms raid Lagos bank, kill three, cart away millions

Started by mastercode

Replies: 0
Views: 863
Last post October 14, 2015, 11:34:42 AM
by mastercode
BURSTED! Bank Manager Arrested For Running an Armed Robbery Gang

Started by jchima14

Replies: 0
Views: 736
Last post October 21, 2014, 11:47:20 PM
by jchima14
Two persons killed as armed robbers raid WEMA Bank in Ondo

Started by punch

Replies: 0
Views: 15927
Last post August 07, 2019, 05:51:40 AM
by punch
EFCC Nabbed proprietor, students of ‘Yahoo Yahoo’ training school in Lagos

Started by yungcrux

Replies: 0
Views: 19921
Last post May 29, 2019, 06:57:42 AM
by yungcrux
armed robbers rob bank in Port Harcourt , shoot Sporadically

Started by internet police

Replies: 0
Views: 1038
Last post February 25, 2016, 07:00:41 AM
by internet police
Bank robbery suspects nabbed in Akwa Ibom

Started by yungcrux

Replies: 0
Views: 982
Last post November 08, 2017, 07:19:11 AM
by yungcrux
Businessman nabbed for allegedly defrauding microfinance bank

Started by xrated

Replies: 0
Views: 16201
Last post November 11, 2020, 01:40:19 PM
by xrated
Notorious Kidnapper Evans reveals how much he has in bank

Started by Nairaland

Replies: 0
Views: 1232
Last post June 30, 2017, 12:55:08 AM
by Nairaland
Robbers attack Wema Bank with explosives

Started by Postmaster

Replies: 0
Views: 10853
Last post September 27, 2019, 01:36:16 AM
by Postmaster