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N500m Fraud: EFCC Docks Bank Manager

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned Aigbe Akhidenor and Onajite Enaworu, former managers of United Bank for Africa, before a Warri court on a 71 counts of conspiracy to obtain money by false pretence, stealing and conspiracy.

The Economic and Financial Crimes Commission (EFCC) yesterday arraigned Aigbe Akhidenor and Onajite Enaworu, former managers of United Bank for Africa, before a Warri court on a 71 counts of conspiracy to obtain money by false pretence, stealing and conspiracy.

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In a press statement, the EFCC said the offence was committed between December 2009 and July 2010, when the men obtained N500 million from the bank on the false pretence that the monies were being given as loans to different customers. 

Mr. Akhidenor was the Branch Manager of PTI Business Office of UBA in Warri at the time of the offence; his accomplice, Enaworu, hails from Ethiope East Local Government area of Delta State. 

After listening to arguments from legal cousel, Justice Clara Achilefu granted bail in the sum of N5 million each, with two sureties in like sum who must own verifiable property within the jurisdiction of the court.  She also demanded the travel documents of both suspects.

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