An employee of Union Bank, Akpojiyouwi Grace, has been remanded in prison by a Lagos High Court sitting in Ikeja over her role in a mega N450 million fraud.
The accused was brought before Justice Babatunde Lawal-Akapo by the Economic and Financial Crimes Commission, EFCC, on Tuesday February 11, 2014 on one count charge bordering on failure to conduct due diligence in financial transactions.
The charge reads: “Akpojiyouwi Grace on or about the 9th of January, 2013 at Lagos within the Ikeja Judicial Division whilst being an employee of Union Bank Plc failed to exercise due diligence in relation to conduct of financial transactions with one Dan Kawu Bureau De Change by confirming and authorizing payment of the sum of 450,000,000 (Four Hundred and Fifty Million) fraudulently transferred by hacking into Union Bank database (flexcube) and transferring the said sum to Union Bank Plc account of one Dan Kawu Bureau De Change domiciled in Lagos and thereby facilitated the crediting and withdrawal of the said sum by Dan.”
The accused, however, pleaded not guilty to the charge, while the Judge adjourned the case to February 19, 2014 for hearing on the bail application and ordered that the defendant be remanded in Kirikiri maximum prison.
It is female prison and not maximum prison. Get it right!