Police Arraign Banker over Fraudulent Withdrawal of N46.4 m from Customer’s Account

A 39-year-old banker with one of the new generation banks in Effurun, Delta State, Osazuwa Obarisiagbon, has been arraigned before a Chief Magistrate Court over alleged fraudulent withdrawal of N46.4 million from a customer’s account.

Osazuwa, a Relationship Manager with Sterling Bank, Effurun branch, was arraigned last Friday on sixcount charge bordering on alleged stealing, defrauding, forgery and impersonation.

Some of the charges in charge number: ME/77C/ 2021 read thus: “That you Osazuwa Obarisiagbon between December 31, 2015 and November 30, 2016, at Effurun within this magisterial district, did commit felony to wit: stealing. You hereby committed an offence punishable under Section 516 of the criminal code, Cap C. 21, Vol. 1, Laws of Delta State of Nigeria, 2006.

“That you Osazuwa Obarisiagbon between December 31, 2015, and November 30, 2016, at Effurun, within this magisterial district, did fraudulently convert to your own use or the use of other persons, the sum of N46, 422, 432.64, property of Wellington Hotel Limited. You thereby committed an offence punishable under Section 390 (8) (b) & (9) of the Criminal Code, Cap C.21, Vol. 1, Laws of Delta State of Nigeria, 2006.

“That you Osazuwa Obarisiagbon between the 31st day of December 31, 2015, and November 30, 2016, at Effurun, within this magisterial district, did conspire to commit felony to wit: forgery. You thereby committed an offence punishable under section 516 of the Criminal Code, Cap C 21. Vol. 1, Laws of Delta State of Nigeria, 2004.

“That you Osazuwa Obarisiagbon, between December 31, 2015, and November 30, 2016, at Effurun, within this magisterial district, did conspire to commit felony to wit: personation. You thereby committed an offence punishable under Section 516 of the Criminal Code, Cap C. 21, Vol. 1, Laws of Delta State of Nigeria, 2006.