Ex-Banker, 2 Others Arraigned for Stealing N66.5m

Police today has arraigned an ex-employee of First City Monument Bank, Seun Awosanya and Amaechi Osita an auto spare parts dealer for an alleged scam of N66.5m.

Justice Abdulazeez Ankawere arraigned the duo on two-count charge before a Federal High Court sitting in Lagos.

According to the Punch, charges against Awosanya, Osita and one Okoli Kingsley, said to be at large, bordered on advance fee fraud and money laundering.

Police accused them of defrauding one Logic Vantage & Trust Limited by obtaining N66.5m from the victim under the false pretences that they were going to sell $300,000 to the victim.

The police accused them of stealing the hard currency, which belonged to Logic Vantage & Trust Limited.

Awosanya, Osita and Kingsley were accused of committing the crime sometime in March 2015, when Awosanya was still working with FCMB, where he allegedly secretly and unofficially changed currencies for spare parts dealers, including Osita and Kingsley.

The offences, according to the police prosecutor, Effiong Asuquo, were contrary to Section 1(1)(a)(b) of the Advance Fee Fraud and Other Related Offences Act 2006; and Section 15(1)(a)(ii)(3) of the Money Laundering (Prohibition) Act 2004.

The accused, however, pleaded not guilty to the charges.