Nigeria: N1.5 Billion Scam - Ikuforiji's Bank Manager, Aide Arrested

4 January 2013

A former manager with Intercontinental Bank Plc (now Access Bank), Olayinka Sanni; and the Personal Assistant to Hon. Adeyemi Ikuforiji, the Speaker of the Lagos State House of Assembly, Oyebode Atoyebi, have been arrested by the Economic and Financial Crimes Commission (EFCC) over a case of conspiracy, stealing and forgery amounting to about N1.5 billion.

Sanni, a chartered accountant and operator of SIDAW Ventures, a Bureau de Change, was alleged to have fraudulently transferred various sums of money from more than seven customers of the bank into the account of SIDAW ventures owned and operated by him without the customers' consent.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.