Banking & Finance

EFCC Arrests Access Bank Staff For Alleged N34m Fraud

The Lagos Zonal office of the Economic and Financial Crimes Commission, EFCC, has arrested one Elizabeth Modupe Osunjuyigbe, an employee of Access Bank Plc, for an alleged fraudulent diversion of funds to the tune of over N34m (Thirty-four Million Naira).

The suspect, who was arrested on Friday, April 30, 2021, allegedly sent a fraudulent request sometime in January to the Branch Service Manager of Access Bank, Adeola Odeku, Lagos State, to issue a draft of the sum of N31, 330, 165. 00 (Thirty-One Million, Three Hundred and Thirty Thousand, One Hundred and Sixty-five Naira) in favour of one Best Timland Nigeria Limited.

Investigations revealed that the suspect allegedly forged a solicitor’s letter dated January 19, 2021, directing the bank to issue the draft in favour of Best Timland, claiming that the request was for the payment of rent to the landlord of one of the bank’s branches in Akwa-Ibom State.

The suspect will soon be charged to court.

Advertisement
Facebook Comments
Bamidele Bukola

Bukola is a Content Developer and website manager who loves to learn, unlearn and relearn. She has a knack for exploring the tech world. She is always thirsty to learn as the tech ecosystem evolves every day.

Recent Posts

Stanbic IBTC Empowers MSMEs With Business Growth Insights At Nigeria Business Summit Regional Tour In Ibadan

Stanbic IBTC - Micro, Small, and Medium Enterprises (MSMEs) across Oyo State embraced the opportunity…

3 days ago

GTBank Bagged Best Overall Performing Bank In Nigeria In The Banker’s Top 1000 World Rankings 2026

Guaranty Trust Bank Ltd (GTBank), the flagship banking subsidiary of Guaranty Trust Holding Company Plc…

1 week ago

Stanbic IBTC Hosts Clients At Lagos Polo Club’s Unity Cup In England With Chief Executive, Chuma Nwokocha

As a major sponsor of Lagos Polo Club over the years, Stanbic IBTC was proud…

1 week ago

Kenya Gives Central Bank Emergency Powers To Rescue Struggling Banks In 2026

Kenya has introduced new legal powers allowing its central bank to provide emergency financial support…

2 weeks ago

Stanbic IBTC Capital Wins Best Investment Bank In Nigeria At 2026 Global Banking And Finance Review Awards

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings, has been named the Best Investment…

2 weeks ago

Rethinking How Nigeria Supports SME Growth

By Olajumoke Bello, Head Enterprise Banking, Stanbic IBTC Bank Across Nigeria, small and medium enterprises…

2 weeks ago

This website uses cookies.