Manager Docked For Swindling Fair Money Microfinance Bank N38m
Posted on August 15, 2022
Police operatives from the State Criminal Investigation Department, Yaba, Lagos, have arrested a 32-year old Manager of Fair Money Microfinance Bank, Kingsley Ishiguzo, for allegedly swindling the company to the tune of the sum of N38.9m under the false pretence and bolting away.
P.M.EXPRESS reports that the incident happened at Adeniyi Jones area of Ikeja, Lagos, where the bank’s branch is located.
The Police alleged that the suspect and others now at large, obtained the money under false pretence that they were going to remit the money to customers and it turned out to be a scam.
The management made approval for the loan to the tune of the said amount to be given to customers with interests. But unknown to the management, there was no such transactions, rather it was the suspect, Ishiguzo, who arranged that and defrauded the company.
The alleged scam got exposed after the period for the repayment of the loan. It was then discovered that Ishiguzo did not give any loan to any customer but diverted the money for his personal use.
The matter was reported to the Police; he was arrested him and detained him for interrogation over his conduct.
After thorough interrogation, the Police found him culpable and subsequently charged him before the Ogba Magistrates Court for the alleged offence.
He pleaded not guilty when he arraigned.
The prosecutor, Supol Emmanuel Eze, asked the Court to give a date for hearing since he pleaded not guilty to enable the Police to prove that he actually committed the alleged offence.
The Presiding Magistrate, Mrs. O.A Layinka, granted him bail and ordered his remand in the Correctional Centre at Kirikiri town, Lagos, pending when he will perfect his bail conditions while the matter was adjourned for mention.