BANKER WHO STOLE 8.7MIL FROM UNION BANK CUSTOMER’S ACCOUNT ENTERS PLEA BARGAIN

The Economic and Financial Crimes Commission (EFCC) has accepted a plea bargain proposal by a former banker, Kazeem Adeniyi, who was accused of defrauding a customer. He was charged at the Federal High Court in Lagos with withdrawing N8.7million from the customer’s account. The alleged offence, EFCC said contravened sections 22, 22(2) and 37 of the Cyber Crimes Prohibition Act, 2015. EFCC alleged that Adeniyi, on May 8, last year, while working at Union Bank, failed to obtain proper data of a customer, Alexander Cherembem, before processing Unionmobile application for…

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EX-MINISTER ENELEMAH ARRESTED OVER 2BILLION NAIRA UNION BANK SHARES SCAM

Union Bank of Nigeria: $2billion share scam under probe The Federal Government has begun the interrogation of those implicated in the alleged fraud that left over 65,000 Nigerian shareholders losing two billion dollars worth of shares. Those invited for interrogation were the former minister of Budget and National Planning, Sen. Udo Udoma and his counterpart in the Ministry of Trade and Investment, Okechukwu Enelamah. Mr Chukwuemeka Obasi, the legal representative of the whistleblower disclosed this to newsmen on Wednesday in Abuja. Obasi said that the Managing Director of Union Bank…

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