Diamond Bank Manager Remanded Over N24m Fraud

Supreme Court of Nigeria

The manager of Diamond Bank Plc, Chinedu Oguike, has been arraigned by the Special Fraud Unit (SFU) of the Nigeria Police Force before a Federal High Court in Lagos south west Nigeria, for allegedly using the machinery of the bank to swindle the customer of the bank to the tune of N24 million.

SFU, in a criminal charge nunber FHC/L/334c/16, filed before the court by its prosecutor, CSP Effiong Asuquo, alleged that the accused Diamond bank manager, while acting as Oyingbo branch Manager of the Bank, sometime in 2014, conspired with others now at large, and obtained the sum of N24 million, from one Ufomba Nnabugwu.

He was alleged to have obtained the money from the victim under false pretence of delivering a property located at Plot E-136, Adelaja Opesanwo Street, Ijegun-Egba, Satellite town, which is covered by a Federal Government’s Certificate Of Occupancy (C Of O) registered as no. 48, Page 48, volume 52, of the Federal Lands Registry Office, Ikoyi, dated August 25, 1999.

He was also alleged to have used another person’s name, Edwin Obele Ezeakachukwu, to obtain a loan facility from the bank for himself, and used the above mentioned property belonging to the name used, as collateral, at the detriment of the owner of the house.

The offences alleged to have been committed by the accused banker are contrary to and punishable under sections 8(a), 1(1)(a)(3) of Advance Fee Fraud and other Fraud related Offences Act, 2006, and 1(2)(C) of the Miscellaneous Offences Act. Cap. M17, Laws of the Federation of Nigeria, 2004.

The accused however pleaded not guilty to the charges, and the prosecutor, CSP Asuquo, urged the court to remand the accused in Prison’s custody, and fix a date for trial.

However, the defendant’s lawyer, John Itodo, while making an oral bail application for his client, pleaded with the court to admit him to bail in the most liberal terms.

He told the court that he was not aware that his client will be arraigned today, saying that the prosecution just withdrew a charge against him at a Magistrate court in Lagos.

The presiding judge, Justice AbdulAziz Anka, while ordering that the accused be remanded in prison custody pending the trial date, turned down Mr Itodo’s oral application and urged the lawyer to file necessary bail application before the court.

He thereafter adjourned till October 6, for trial of the accused to commence.



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