November 30, 2022

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ANOTHER DIAMOND BANK STAFF IN PRISON OVER N24M FRAUD

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imageThe Federal High Court in Ikoyi, Lagos has ordered that a former Manager of Diamond Bank Plc., Chinedu Oguike, be remanded to prison custody over a N24 million fraud charge.

Justice Abdul Aziz Anka gave the ruling on Tuesday when the defendant was arraigned by the Police Special Fraud Unit for a three-count charge bordering on conspiracy, obtaining money under false pretense, and advance fee fraud.

CSP Effiong Asuquo, the force prosecutor, accused Mr. Oguike of defrauding one Ufomba Nnabugwu of N24 million on the pretense that he would secure a property for Mr. Nnabugwu in the Ijegun area of Lagos State. The defendant was also accused of awarding a loan to himself with fictitious collateral under the name Edwin Obele Ezeakachukwu.

The offenses, which were allegedly committed in 2014, contravene the provisions of Section 8(a) of the Advance Fee Fraud and Other Fraud Related Offences Act of 2006 and punishable under Section 1(1)(a)(3) of the same Act as well as Section 1(2)(c) of the Miscellaneous Offences Act Cap. M17 Laws of the Federation of Nigeria 2004.

The defense counsel, John Itodo, made an oral bail application after his client had pleaded not guilty to the three-count charges levied against him. He urged the court to grant bail to his client because he had been on bail before the magistrate and did not default on the conditions of bail granted earlier.

Mr. Itodo added that the matter had been ongoing at the Magistrate Court for about two years before it was withdrawn and brought before the Federal High Court.

Mr. Itodo argued that the prosecutor took his client by surprise, having just been informed this morning that the case had been withdrawn from the Magistrate Court and was being filed before the Federal High Court.

In favor of the defense counsel, who opposed the plea for bail, Justice Anka ruled that a proper application for bail be filed before the court. The judge adjourned the case to September 6.

Culled from Sahara Reporters

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UBA Foundation Rings in The Yuletide Season, Lights Up the Lagos Marina Africa’s Global bank, United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Tuesday, held its annual Christmas Lighting ceremony to mark the start of the festive season. The brilliant Christmas Lights of the UBA Foundation Gardens at the UBA Head Office on the Marina in Lagos, were activated by the bank’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, in a grand ceremony which was witnessed by key management staff and some customers of the bank. Alawuba, who addressed attendees at the ceremony, reiterated that the annual Lighting event is a symbol of hope for the coming year, the future and all the goodness it will bring into people’s lives. Alawuba said, “The UBA Foundation is focused on touching lives and giving back to its host communities. UBA through its foundation, the UBA Foundation desire remains is committed to improving lives in whatever way we can. We want to give back always and this event is quite symbolic as it represents the affinity we have towards our customers, employees and associates as well as our communities.” The CEO of the UBA Foundation, Mrs Bola Atta, said that the Christmas lighting ceremony was important for the Foundation adding: “Today is significant. All over the world, it is known in the advent period as Giving Tuesday. It is a time to give back to those who don’t have enough. It is a time to shine light on others, to give hope and give gifts. Today we gave out a lot of gifts and people were happy as we lit up the Foundation gardens to symbolise joy and hope. We are constantly reminded as an institution, of our promise to continue to touch lives and show kindness. In these difficult times, sharing even a little bit, goes a long way.” The lighting ceremony was attended by UBA staff members and customers who were serenaded with Christmas carols by the UBA Customer Fulfilment Centre’s choir. It ended with a guided tour around the UBA Foundation gardens on the Lagos Marina. Over the years, the UBA Foundation has been very active in creating sustainable development in its host communities and as part of its corporate social responsibility, the Foundation will be feeding tens of thousands of people across Africa during this festive season. UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment and other Special Projects.

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