EFCC arrests banker for ‘diverting’ customer’s N137m

The Economic and Financial Crimes Commission (EFCC) has arrested a banker identified as Kehinde Agbabiaka for allegedly stealing N137 million from a customer in Ibadan, Oyo state and diverting the money for personal use.

The Ibadan zonal office of the commission said it received a petition on August 20 from representatives of a bank against Agbabiaka, a sales agent, for diverting the fund from the customer’s accounts between January 2017 and July 2019.

Agbabiaka, who was the customer’s account officer, was said to have collected cash every week at the customer’s company with the promise of saving the funds in the victim’s accounts.

However, the suspect was alleged to have deposited only a meagre of the money he collected, issued fake bank slips to the victim and diverted the remaining for his personal use.

However, the victim petitioned the bank after discovering that the amount Agbabiaka had collected does not in any way tally with the figure in his accounts

Investigations by the commission showed that the suspect had used the proceeds from his illegal activity to acquire houses, cars; invested some in fixed deposits and insurance savings.

Agbabiakia was also said to have given part of the money to people as loans.

However, some of the items have been seized, while the commission stated that the suspect will be charged to court.