Ex-bank Worker Allegedly Defrauds Loan Seeker Of N42 Million

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A former bank worker, Aghata Igwe, has been prosecuted for allegedly defrauding a loan seeker to the tune of Forty two Million Naira (N42M) under the pretence of helping to secure a One Million United State Dollar ($1M) loan facility from Fidelity Bank Plc.

The former banker by name Igwe was arraigned before Magistrate O. Oshin at the Igbosere Magistrates’ Court, Lagos, on a three-count charge of conspiracy, stealing and fraud.

The prosecutor, George Nwosu, a Superintendent of Police, told the court that the defendant and others at large committed the alleged offences between the month of March and May 2017 at Ilupeju area of Lagos state.

Nwosu said that the defendant fraudulently obtained the sum of Forty two Million Naira (N42M) from one Maydom Pharmaceutical Limited, under the pretence of assisting the company to facilitate a grant of One Million United State Dollar ($1M).

He said the defendant convinced the complainant that she will use the N42m to lobby the bank to grant the company a loan of One Million United State Dollar ($1M) for importation purposes.

The defendant did not facilitate any One Million United State Dollar ($1M) loan and did not refund the money she obtained from the complainant,” Nwosu alleged.

He said that the offences contravened Sections 287, 314 and 411 of the Criminal Law of Lagos State, 2015.

Magistrate Oshin granted the defendant Five hundred thousand Naira (N500,000) bail with two sureties in like sum. She ordered that the sureties must be gainfully employed and must have at least One Million Naira (N1m) in their bank accounts.

She also said that the sureties must show proof of tax payments to the Lagos State Government

The case was adjourned until 24th February, 2020.

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