Operatives of the X Squad of the Force Criminal Investigation Department, FCID, Alagbon Close, Ikoyi, Lagos, western Nigeria, have arrested four suspects who allegedly withdrew N114,806,000 from an account of a new generation bank without authorisation and converted the money to their personal use.
The police identified the suspects as Odewale Moroof, 29, who claimed to be a staff of the Nigerian Civil Defence Corps, Sylvester Ozoikie, 36, Dickson Ologwu, 23, Akinsanya Olayiwola,35, and Adejumo Saheed, 37.
The suspects were arraigned before an Igbosere Magistrates’ Court, Lagos, on a two-count charge of felony to wit, stealing.
Police prosecutor, ASP Henry Obiazi informed the court in charge No B/14/2016 that the accused persons committed the offence in November, 2014 at the headquarters of the new generation bank in Victoria Island, Lagos.
Obiazi told the court presided over by Chief Magistrate Miss A. O. Awogboro that the accused persons connived with others still at large to hack into the account of the bank to withdraw the N114,806,000 and transferred the money into 69 accounts from where they withdrew the money and shared it.
Obiazi noted that the offences the accused persons committed are punishable under sections 409 and 285(5)(a) of the criminal Laws of Lagos State, 2011.
All the accused persons denied the police allegations in the open court, and Magistrate, Miss A. O. Awogboro admitted them to bail in the sum of N10m each with two surties each in like sum, one of whom must be a blood relation.
Awogboro directed that one of the sureties must have a property on Lagos Island with valid documents and adjourned the matter till 23 March, 2016 for mention.
All the defendants were moved to Ikoyi prison, Lagos pending when they will fulfil their bail conditions.
