THE Economic and Financial Crimes Commission Kano Zonal office has arraigned an employee of Union Bank, Kola Oduwole, for an alleged fraud of N80m


Oduwole was brought before Justice Musa Danladi of the Katsina State High Court by the Kano Zonal Office of the EFCC on six counts bordering on forgery and fraud.

He was alleged to have forged signatures of the relationship manager of the bank on three fixed deposit certificates, presented same to some customers and subsequently got customers to deposit their funds in accounts controlled only by him.

The EFCC, in a statement by its Head, Media and Publicity, Mr Dele Oyewale, said the investigation revealed that after the money was fixed, the defendant transferred it into various accounts to conduct his personal businesses.

One of the charges against him read, “That you, Kolapo Oduwole, on March 3, 2020, at Katsina, within the jurisdiction of this honourable court, forged a certain document to wit: ‘Re: Investment of N80m only’ with intent to cause damage to one Abubakar Mohammed by making him to believe that you had placed the money in a fixed deposit with Union Bank, committing an offence contrary to Section 340 and punishable under Section 341 of the Penal Code Law of Katsina State 2019.”

The accused person pleaded not guilty to the charges.

The prosecution counsel, Aisha Habib, applied for his remand in EFCC’s custody.

The defence counsel, M.M. Rimaye, did not object to the application.

Justice Danladi adjourned the matter until October 12, 2020, for the commencement of hearing and remanded the accused person in EFCC’s custody.


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