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Five Stanbic IBTC Bank staff in court for fraud

06 May 2014, 16:23

Ibadan - Five employees of Stanbic IBTC bank were on Monday arraigned in an Ibadan Magistrates’ Court sitting at Iyaganku for allegedly attempting to defraud their employer by unlawfully transferring money from one account to another.

The accused-- Lolade Adigun, 29, Opeyemi  Folarin, 29, Adeyinka Aderibigbe, 30, Adeolu Olagbami, 31 and Olawale Oyeyemi-- were arraigned on a three-count charge of conspiracy, attempt to defraud and effecting  unlawful purpose.

The Prosecutor, Insp Samad Aliu, said the accused persons all conspired to commit the offence.      

Aliu alleged that the accused attempted to defraud Stanbic IBTC bank by introducing a software cable to transfer money from one account to another.

He also alleged that Adigun, Folarin, Aderibigbe, Olagbami and Oyeyemi conspired to effect an unlawful purpose in the bank.

The accused were said to have committed the offence on April 30 at 5:30 p.m. at Stanbic IBTC Bank, Dugbe, Ibadan.

Aliu said the offences contravened section 509, 516 and 518 (6) (7) of the Criminal Code Cap. 38, Vol.II, Laws of Oyo State, 2000.

The accused, however, pleaded not guilty to the offences.

The Chief Magistrate, Olaide Amzat, granted the accused bail in the sum of N100 000 with two sureties in like sum.

Amzat adjourned the case till June 18 for hearing.

-          NAN

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