Bank Manager,5 Others Fingered In N146m Fraud

The Special Fraud Unit, an arm of the Nigeria Police Force, has  arrested five members of staff of a new generation bank  and are on the trail of a former manager at one of the Sokoto State branches  of the bank.

The former manager, Kayode Adeyanjau  and others are currently being investigated by operatives at SFU on cases of conspiracy, forgery and stealing .

Others members of the bank arrested include:Patrick Jimoh, Nasir Shehu,  Daniel Adeboye,  Danladi Garuba and Albert Nsude 

This was contained in a  statement signed by the image maker in charge of SFU, Ngozi Izintume Agu and made available to the Saturday Tribune.   

According to the statement, “the bank alleged that the principal suspect, Kayode Adeyanju,  who is currently at large, conspired with five above listed staff to defraud the Sokoto branch the sum of N146,782,980 by manipulating the Sokoto State Board of Internal Revenue account domiciled with the branch.” 

The bank further stated that the money was diverted to their personal accounts without the consent of the bank management.

During investigation, five suspects were apprehended and they all admitted granting various illegal loans to some private companies and local government department through the instruction of the ex-bank manager, Kayode Adeyanju, who is still at large,” the police statement claimed 

The police also said that   ‘‘They all alleged that the principal suspect took the sum of N70 million belonging to depositors to treat himself of his ailment and bolted away to London with his family.”

‘‘Investigation is on-going while measures have been put in place to track the fleeing ex-bank manager and forestall insider threat to the financial and non-financial institutions in the country,’’ the SFU said.