The Economic and Financial Crimes Commission, (EFCC) Ibadan zonal office has arrested an accounting officer with the Fidelity Bank for allegedly stealing N137million.
EFCC stated in the petition dated August 20, 2019: ‘It was alleged that Agbabiaka committed the offence between January 2017 and July 2019 and that Agbabiaka (the account officer ) attached to the customer, was said to be visiting the business premises of the victim weekly to collect cash with the understanding that he would remit same to his accounts domiciled in the bank’s Challenge, Ibadan branch.
The anti graft commission added: “But, instead of depositing the money, Agbabiaka was said to have at different times remitted only a portion and on many occasions diverted the whole sum to personal use.
“In order to cover its criminal acts, the suspect, according to the petition, would rather issue fictitious bank slips to deceive the customer that he truly deposited the sums.”
The Commission maintained that “this continued until the customer reviewed the statement of his account and reconciled same with the cash collection register.
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Adding: “It was then they discovered Agbabiaka’s fraudulent deeds, prompting the bank to put up the petition.
EFCC sources said so far, its investigators have established a prima facie case of diversion and stealing against the suspect. And that “further investigations also revealed that he had used the suppressed sums to build houses, purchase cars, invest in fixed deposits and insurance policies. He also gave part of the loot to people as friendly loans.
Stressing that some of the items have been recovered and registered as exhibits, EFCC added that the suspect will be charged to court as soon as investigations are concluded.
