Nigeria: Female Ex-banker faces N450 mn fraud charge

Akpojiyouwi Grace

Grace Akpojiyouwi

Nigeria’s Economic and Financial Crimes Commission , EFCC, today charged a female banker with negligence, leading to the loss of hundreds of millions of Naira.

The accused, Grace Akpojiyouwi, a former staff of Union bank was accused of complicity in the mega scam that rocked the bank early this year when some fraudsters hacked into its data base and pulled out hundreds of millions of naira.

Akpojiyouwi allegedly failed to conduct due diligence as the account officer of Dan Kawu Bureau De Change before confirming and authorizing the payment of N450,000,000 (Four Hundred and Fifty Million) to the company.

The case is being heard by Justice Babajide Lawal-Akapo of the Lagos High Court sitting at Ikeja.

Grace Akpojiyouwi
Grace Akpojiyouwi

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When the charge was read, the defendant pleaded not guilty.

Based on the plea of the defendant, the prosecution counsel prayed the court to fix a date for trial and to remand the defendant in prison custody pending trial.

Justice Lawal Akapo adjourned the case to February 19, 2014 for hearing on the bail application and ordered that the defendant be remanded in Kirikiri Maximum Prison.

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