Diamond Bank employee arrested for N111.2m fraud

A staff of Diamond Bank Obioha Okengwu was
yesterday arraigned before Justice Mohammed Yunusa of a
Federal High Court, Lagos over a nine count charge of
fraud. He is accused of allegedly defrauding the bank of
N111.2 million.
According to prosecuting counsel, Obioha, a graduate of
Abia State University, committed the offence between
April and August 2014 while working at the e-Business
unit of the bank, handling daily settlement entries of
transactions done on Point of Sales (POS) and
Automated Teller Machine
Obioha unlawfully credited huge sums of money into his
family’s account instead of the bank’s accounts.

“At different times, N37million and N41. 4 million
was lodged into two accounts owned by one
Uchenna Okengwu. The accused also credited the
sum of N10 million into the account of one
Rosamund Okengwu and N9.5 million paid into one
Chukwuemeka Okengwu’s account.” the prosecuting
counsel told the court.

Obioha however pleaded not guilty to the charges. The case
has been adjourned to Sept. 22 for hearing of the bail
application.