Banker In Alleged N4m Fraud

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A former member of staff of Intercontinental Bank, Anthony Okafor, was on Monday arraigned before an Igbosere Magistrates’ Court in Lagos, for allegedly defrauding the bank of N4 million.

Okafor, who resides in Igando area of Lagos, pleaded not guilty to a two-count charge of conspiracy and fraud.

The prosecutor, Inspector Goddy Omenogor, told the court that the defendant and others still at large, committed the offence in December 2011, at Victoria Island, Lagos.

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He said that Okafor, being a staff of Intercontinental Bank, used his position to defraud the bank.

Omenogor said that the alleged offence contravened sections 384 and 409 of the Criminal Code, Laws of Lagos State.

Magistrate O. O. Martins granted Okafor bail in the sum of N100,000 with one surety and adjourned the case till April 18, for further hearing.