EFCC Arraigns Couple for Alleged Fraud

The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office on has arraigned an ex-banker, Akinwole Oluwaseun Dosunmu, alongside his wife, Motunrayo Olanike Dosunmu before an Oyo State High Court, sitting in Ibadan for stealing.

The duo was accused of stealing the sum of Two Million, Seven Hundred and Forty Thousand, Three Hundred Naira, Ninety-Two kobo from the Sterling Bank Plc.

According to the available information, Akinwale was a staffer of the bank, while his wife was a customer and a beneficiary in the bank’s Third Party Acquirer Scheme.

The bank had initiated the scheme as a marketing strategy through which relatives and friends of their marketing agents are awarded a commission for bringing new customers to open and operate new accounts with the bank. 

Akinwole, also a marketer with the bank, was appointed to coordinate the scheme.

Apart from the commission on account opening, the referral also enjoys a certain percentage on the saving made through the accounts every month.

It was, however, alleged that while reviewing activities under the scheme in 2016, the bank discovered that most of the accounts appropriated to Motunrayo as a third-party acquirer were fraudulently tagged to her by her husband.

The investigation allegedly further revealed that the accounts were never sourced by neither of the couple, but by other third-party agents.

According to the petition filed by the bank, the couple had benefited a total of N2, 740,300.9292 as commission fraudulently paid to Motunrayo through the scheme.

It was on account of the allegation and further investigations by the EFCC that the couple were arraigned on a 16-count charge of stealing on Tuesday.

The defendants, however, pleaded not guilty to the charges preferred against them.

In view of their plea, counsel to the EFCC, Ifeanyi Agwu, applied for a date for trial. 

However, the defense counsel, J. B. Olaoye, informed the court that he had filed applications for bail on behalf of the accused persons.

The trial judge, Justice Ladiran Akintola has adjourned till Friday, February 21, 2020, for hearing of the bail applications.

The judge ordered that they be remanded in the Agodi, Ibadan custody of the Nigerian Correctional Service, NCS, pending the adjourned date.

Sunday Ogunyemi