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Saturday, 22 July 2017

Sterling Bank manager arraigned over N40million fraud

A bank director, Elliot Abiodun, who supposedly stole 110,000 dollars (N40 million) from Sterling
Bank, was on Friday summoned under the watchful eye of an Igbosere Magistrates' Court in Lagos.

Abiodun is standing trial on a two-check charge verging on scheme and stealing.

The Prosecutor, Sgt. Friday Mameh, told the court that the accused committed the offences on June 3, at 10 a.m. in Lagos. Anambra election: Don’t toy with fire – APGA chieftain, Onwuka Ukwa warns Nnamdi Kanu, IPOB The prosecutor said the offences contravened Sections 287(8) and 411 of the Criminal Law of Lagos, 2015. The accused however pleaded not guilty to the chargesCounsel to Abiodun, Mr T.J. Agoro, urged the court to grant his client bail.
Agoro told the court that he would stand surety for the accused.
The Magistrate, Miss O. A. Olagbende, released the accused to his counsel.


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