Diamond Bank Staff Docked For Transferring N111m To Family Accounts

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A Diamond Bank employee, Obioha Okengwu, was remanded at Ikoyi Prisons on Thursday by Justice Mohammed Yunusa of a Federal High Court, Lagos, for allegedly defrauding the bank of N111.2 million.

The graduate of Abia State University, who is standing trial on a nine-count charge bordering on conspiracy and fraud, committed the offences between April and August 2014 in Lagos.

Prosecutor Effiong Asuquo told the court that the accused conspired with members of his family to defraud the bank.

According to him, the accused committed the offences while working in the e-Business unit of the bank, handling daily settlement entries of transactions done on Point of Sales (POS) and Automated Teller Machine (ATM).

He said the accused unlawfully credited huge sums of money into his family’s account instead of the bank’s accounts.

“At different times, N37 million and N41.4 million was lodged into two accounts owned by one Uchenna Okengwu.

The accused also credited the sum of N10 million into the account of one Rosamund Okengwu and N9.5 million paid into one Chukwuemeka Okengwu’s account.”

The offences contravened Sections 20, 27 (b) and 30 (1) of the Cybercrime (Prohibition, Prevention) Act, 2015 as the accused pleaded not guilty to the charges.

The case has been adjourned to 22 September for hearing of the bail application.


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