First Bank

Wednesday, November 20, 2013

Union Bank Staffer, Ibrahim & 3 Others In Court For N2.05b Fraud Against Bank!

Four persons have been arraigned and remanded in prison custody for defrauding financial institution, Union Bank off N2.05b.

A staffer of the bank, Danasabe Ibrahim is among the culprits.

The 'gang' had hacked into the data base of the bank to commit the crime.

Here is a reproduction of trending details of the development

'Four persons were arraigned by the Economic and Financial Crimes Commission (EFCC) before a Lagos High Court in Ikeja for allegedly defrauding Union Bank Plc of N2.05 billion on Tuesday.

The suspects: Salihu Mamoud, Friday Isaiah, Samuel Azaaior and a staff of Union Bank named Danasabe Ibrahim, were arraigned before Justice Lateef Lawal-Akapo.
They are facing a three-count charge of  conspiracy to defraud, unauthorised access of computer and unauthorised modification of computer data.

'Counsel to EFCC, Mr Kayode Oni, alledged that the accused persons had on 9th January, 2013 conspired with others (still at large) to fraudulently transfer N2.05 billion from the General Ledger Account of Union Bank, Jos Branch, by hacking into the bank’s data base (Flexcube).
Oni alleged that the money was transferred into various Union Bank Plc accounts of Gona Bureau de Change, Marina;  Dankawa Bureau de Change,  Marloney Street, Lagos, Godswill Great Commodity Services, domiciled in Union Bank, Akure and ZHG Services Limited, Abuja Branch.

He said their offences contravened Sections 323, 385 and 387 of the Criminal Law of Lagos State of Nigeria 2011.

The defendants pleaded not guilty to the charges.

The judge remanded them in Kirikiri Prison pending the hearing of their bail applications fixed for 26th November.'

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