EFCC ARRAIGNS UNION BANK STAFF OVER N2BN FRAUD

An employee of Union Bank Plc, Danasabe Ibrahim alongside three others were recently arraigned by the Economic and Financial Crimes Commission (EFCC), for allegedly defrauding the bank of N2.05 billion. Justice Lateef Lawal-Akapo ordered that the accused persons be...

remanded in Kirikiri Prisons after they pleaded not guilty to all the
three counts preferred against them.
Ibrahim, 47, was arraigned along with Salihu Mahmoud, 34, Friday
Isaiah, 33 and Samuel Azaaior, 30.
They were said to have on January 9, 2013, along with others,
fraudulently transferred N2.05 billion from the General Ledger Account
of the Jos branch of Union Bank to the bank accounts of some bureau de
change domiciled in Marina and Moloney Street, Lagos. The
beneficiaries of the fraudulent transfer, according to EFCC
prosecutor, Mr. Kayode Oni, were Gona Bureau de Change and Dankawa
Bureau de Change.