EFCC arrests former bank manager for alleged N81m fraud

By IAfrica
In Nigeria
Aug 16th, 2014
0 Comments
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The Economic and Financial Crimes Commission (EFCC) yesterday said it arrested a former branch manager of one of the new generation banks, (Ecobank Plc), Victor Amushie, for alleged credit fraud of N81, 024, 749.28.

According to a statement by the Head of Media and Publicity of the commission, Mr. Wilson Uwujaren, the suspect was about relocating from the country when he was picked up.

The sattement said: “The suspect allegedly packaged loan facilities for himself, using several names and accounts of some customers of his bank, with whom he shared the proceeds.

“The loans went bad and the bank had to hold Amushie who was on the verge of running out of the country before being apprehended by operatives of the EFCC.

“Details of the loan disbursement showed that he granted a total sum of N57, 979, 024. 07 to Onezh Oil and Gas Limited; N11, 317, 562.73 to Esubeb Staff Multipurpose Cooperative and N11, 728, 162. 48 to Ogochukwu Amanda.

“Amushie is in the custody of the EFCC and will be charged to court as soon is investigation is concluded.”

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