Nigerian bank defrauded by loan officer
By The Guardian Nigeria
Published
1 min read
The police alleged that the defendant unlawfully forged and manipulated the said customers’ transaction on the system and replaced them with another information to cover up the crime.
A 45-year-old employer, Ngozi Ogunbiyi, was on Thursday docked in an Ogudu Magistrate’s Court, Lagos, for allegedly defrauding her employer, a microfinance bank of about N1.3million ($3,073).
The police alleged that the defendant unlawfully forged and manipulated the said customers’ transaction on the system and replaced them with another information to cover up the crime.
Bassey told the court that police subsequently arrested the defendant following a complaint lodged by the head of operations in the bank, Mr. Benjamin Imiafoh.
The prosecutor said the offence contravened the provisions of sections 287, 314(1)(a) and 376(1) of the Criminal Law of Lagos State, 2015.
The News Agency of Nigeria (NAN) reports that Section 287 and 376(1) stipulate three years imprisonment for stealing and forgery, while Section 314 attracts 15 years for obtaining money under false pretenses for any convicted offender.
Magistrate M.O Tanimola, admitted the defendant to bail in the sum of N200,000 with two sureties in like sum.
