EFCC Operatives
EFCC Nabs
EFCC Operatives
EFCC Nabs Fidelity Bank Agent over N137m
The Economic and Financial Crimes Commission, EFCC, Ibadan zonal
office, has arrested one Kehinde Olumide Agbabiaka, a sales agent
of Fidelity Bank Plc.
His arrest was sequel to a petition jointly penned by the bank’s
Regional Security Officer and the Cluster Control and Compliance
Manager, in which it was alleged that the suspect suppressed,
diverted and stole a total sum of N137,000,000 (One Hundred and
Thirty-Seven Million Naira) from personal and corporate accounts of
a customer in Ibadan.
Filed on August 20, 2019, the petition alleged that Agbabiaka
committed the offence between January 2017 and July 2019.
The suspect, who was the account officer attached to the
customer, was said to be visiting the business premises of the
victim weekly to collect cash with the understanding that he would
remit same to his accounts domiciled in the bank’s Challenge,
Ibadan branch.
But, instead of depositing the money, Agbabiaka was said to have
at different times remitted only a portion and on many occasions,
diverted the whole sum to personal use.
In order to cover his criminal acts, the suspect, according to
the petition, would issue fictitious bank slips to deceive the
customer that he truly deposited the sums.
This continued until the customer reviewed the statement of his
account and reconciled same with the cash collection register. It
was then they discovered Agbabiaka’s fraudulent deeds, prompting
the bank to put up the petition.
So far, the EFCC investigators have established a prima facie
case of diversion and stealing against the suspect.
Further investigations also revealed that he had used the
suppressed sums to build houses, purchase cars, invest in fixed
deposits and insurance policies. He also gave part of the loot to
people as friendly loans.
Some of the items have been recovered and registered as
exhibits.
The suspect will be charged to court as soon as investigations
are concluded.
Wilson Uuwjaren
Head, Media & Publicity