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Stiff bail conditions for alleged Kano bank defrauders

27 February 2015, 09:01Okoro Chinedu

Lagos - The Kano State High Court has granted bail, albeit under stringent conditions, to the former employees accused of defrauding an old-generation bank N561 million.

The Economic and Financial Crimes Commission (EFCC) arraigned Rabiu Hassan Dawaki, Abdullahi Umar Rano and Samuel Obende before Justice Dije Aboki on 28-count charge bordering on conspiracy, criminal breach of trust and falsification of accounts.

Justice Aboki has granted bail to Dawaki and Rano, in the sum of N30 million each and three sureties in like sum. One of the sureties must be a Director in the Civil Service while the others must be persons with landed properties worth N20 million within the jurisdiction of the court.

In addition, the accused persons are to deposit their international passports with the court and must not travel outside the country without the permission of the court.

Also Read: Agencies upbeat MoU will shield consumers from fraud

The three accused persons were responsible  for receiving, processing and distributing of money to their entire bank’s cash centres spread across Kano, Katsina and Jigawa States.

They allegedly betrayed the trust of their employers and conspired among themselves to defraud the bank by diverting the funds to their own use.

According to EFCC, the accused persons allegedly altered figures to show that they made cash deliveries to designated branches whereas the monies were never delivered.

The accused persons pleaded not guilty to the charges.

The case was adjourned to March 16, 17 and 19, 2015 for trial and also hearing on the 3rd accused person’s bail application.

- CAJ News


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