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Stanbic IBTC manager, accomplice docked for N24m fraud

By News Express on 22/03/2019

Views: 355

 The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, on Wednesday, March 20, 2019, arraigned Olamide Salvador and Richard Olusegun Olatunji before Justice Sherifat Solebo of the Special Offence Court sitting in Ikeja, Lagos on a five-count charge bordering on stealing, forgery and conspiracy to the tune of N24, 183, 120 (Twenty Four Million, One Hundred and Eighty-Three Thousand, One Hundred and Twenty Naira).

The first defendant, Salvador, allegedly conspired with the second defendant, Olatunji, a manager in Stanbic IBTC, and some others now at large to defraud one Foster Ene of the said sum of money.

The defendants pleaded not guilty to the charges preferred against them. In view of their plea, the prosecution counsel, G.C. Akaogu, asked for a trial date and prayed that the defendants be remanded in prison custody.

However, counsels to the defendants, I. T. Oyedepo and Abdulrahman Dirisu respectively informed the court of bail applications on behalf of their clients.

Oyedepo, counsel to Salvador, (first defendant) prayed the court to grant his client bail in liberal terms in an application dated March 8, 2019. Dirisu, counsel to Olatunji, (second defendant), also pleaded same for his client, pending the determination of the case.

Justice Solebo granted each of the defendants bail in the sum of N10, 000,000.00 (Ten Million Naira) and two sureties in like sum. The sureties must be resident in Lagos with proof of residence, proof of employment and tax payment in the past three years.

Justice Solebo, however, ordered the defendants to be remanded in prison custody pending the fulfilment of their bail conditions and adjourned the matter to April 29 and 30, 2019.

Excerpted from a New Telegraph report



Source News Express

Posted 22/03/2019 11:46:35 AM





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