Sponsored
Crime

Manager Docked For Swindling Fair Money Microfinance Bank N38m

Sponsored
Sponsored
CYRIACUS IZUEKWE
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.
Sponsored
Alinnor Arinze

Recent Posts

Democracy Day: Ooni Urges Federal Govt To Intensify Fight Against Insecurity, Calls For Patience, Unity Among Nigerians

  The Permanent Chairman of the Southern Nigerian Traditional Rulers Council (SNTRC), Arole Oodua Olofin…

4 hours ago

Geneith Health Leaders Celebrate Democracy Day, Applaud Nigerians For Embracing Anti-Malaria Movement

As Nigeria commemorated Democracy Day, the leadership of the Geneith Health Competition (GHC) joined millions…

4 hours ago

National Awards: Obasa Congratulates Alake, Omatseye, Otitoju, Other Media Professionals

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has congratulated some…

8 hours ago

Democracy Day: Princess Folashade Olabanji-Oba Rallies Nigerians Especially Women To Make Polling Units ‘Beacons Of Hope’ Ahead Of 2027

As Nigeria marks another historic June 12 Democracy Day, prominent political leader, Aarebirin Hon. Princess…

11 hours ago

Ikeja LG Boss, Comrade Dauda Greets Nigerians On Democracy Day

OLALEKAN ONI As Nigeria marks another Democracy Day, the Executive Chairman of Ikeja Local Government,…

11 hours ago

JMG At 28 – A Groundbreaking Trajectory from Generator Supplier to Electro- Mechanical Powerhouse

JMG Limited, Nigeria’s foremost integrated electromechanical solutions company is celebrating 28 years of innovation, growth, and industry leadership,  marking…

13 hours ago
Sponsored