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EFCC Arrests Two Bankers For N9m Fraud

August 21, 2014

Two bankers, Rowland Alozie and Segun Osho, and their accomplice, Abass Kolawole, have been arrested by operatives of the Economic and Financial Crimes Commission, EFCC for alleged conspiracy and fraudulent conversion of Rivers State Board of Internal Revenue Cheque for nine million, five hundred and fifty-four thousand, two hundred and eighty six Naira (N9554,286, 00).

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Rowland Alozie and Segun Osho

Rowland and Segun, both staff of the Moscow Road, Port Harcourt branch of Access Bank, colluded to convert an Ecobank Manager’s Cheque belonging to one Rockson Engineering issued as tax payment to the Rivers State Board of Internal Revenue.

The third suspect, Abass Kolawole, was arrested when he allegedly approached a branch of Ecobank in Lagos to cash the Manager’s cheque through his account.

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Abass Kolawole

The suspects will be charged to court as soon as investigation is concluded.

Wilson Uwujaren
Head, Media & Publicity
21st August, 2014