The Economic and Financial Crimes Commission, EFCC, has prosecuted a Staff of Union Bank, Kola Oduwole, for an alleged fraud involving the sum of N80m.
Oduwole was brought before Justice Musa Danladi of the Katsina State High Court by the Kano Zonal Office of the EFCC on six counts bordering on forgery and fraud.
Oduwole was alleged to have forged signatures of the Relationship Manager of the bank on three fixed deposit certificates, presented same to some customers and subsequently got customers to deposit their funds in deposits accounts controlled only by him.
The EFCC in a statement by its Head, Media and Publicity, Dele Oyawale, disclosed that investigation had revealed that after the money was fixed, the defendant transferred it into various accounts to conduct his personal businesses.
One of the charges against him read, “That you, Kolapo Oduwole, on the 3rd March, 2020, at Katsina, within the jurisdiction of this honourable court, forged a certain document to wit: Re: Investment of N80m only with intent to cause damage to one Abubakar Mohammed by making him to believe that you had placed the money in a fixed deposit with Union Bank, and you thereby committed an offence contrary to Section 340 and punishable under Section 341 of the Penal Code Law of Katsina State 2019.”