Posted: Wednesday 30th April 2014 at 9:38 am

Six Suspects Arrested For N5.5m Bank Fraud

The EFCC (Economic and Financial Crimes Commission) has arrested six people over allegation of fraudulent transfer of over N5,5m from an account in Skye Bank.

The operatives of the anti-graft agency picked up the suspects in different locations in Lagos as they allegedly stole five million five hundred and fifty thousand Naira (N5, 550,000.00) from the account of Ajani Kareem Musibau domiciled in Skye Bank Plc.

One of the suspects, Ademola Okunlola, who works at Skye Bank, Ikeja Branch, Lagos, confessed that he used his camera phone to capture the photograph and signature specimen of Musibau. He send all details of Ajani Kareem Musibau’s account to his accomplice, Bayo Olowoyo, who works in another bank at the Toyin Street, Ikeja branch.

Then, reportedly a member of their syndicate transferred the money into two accounts: N4.1Million was moved into Adebajo Biodun Olusola’s account with Wema Bank, Shagamu branch, Ogun State while N1,450,000.00 was moved into another account operated by Temitope Pedro with Guaranty Trust Bank, Ikeja branch. The fraudulent transfers took place on March 3, 2014.

The suspects are:

Ademola Okunlola, 36;

Tajudeen Oluwanisola, 41;

Kolawole Adams, 52;

Temitope Pedro, 27;

Otunba Biodun Adebanjo, 56 and Bayo Olowoyo, 39.

The suspects were arrested following a petition by the bank. And they will be arraigned in court as soon as investigation is concluded.

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