EFCC Arrests Banker for Stealing N27m from Customer’s Account

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned a banker on a 16-count charge including forgery and thievery after stealing N27 million from a customer’s bank account, according to an EFCC.

Justice I.E. Ekwo of the Federal High Court in Port Harcourt, Rivers State, heard the case of Sterling Bank PLC, which claimed that its former staffer Bawa Momodu had in December 2012 provided forged documents to transfer the money into the account of an accomplice, Emilia Ugwandu, who is now at large.

Justice Ekwo granted N7 million to Mr. Momodu, who pleaded not guilty.