Tuesday, 4 November 2014

Bank Manager in EFCC Net for N90m Scam


Efe Egube.. Photo: EFCC

The Economic and Financial Crimes Commission, EFCC, on Monday, November 3, 2014 arraigned a former Bank Manager, Efe Egube and Ocean Energy Trading and Services Limited., before Justice Oluwatoyi Ipaye of the Lagos High Court sitting in Ikeja on an 18- count charge bordering on obtaining money by false pretence.

In a press release by the EFCC, Specifically, Egube, a former branch manager of the defunct Oceanic Bank, now Ecobank Plc, allegedly received a total sum of N90,000,000( Ninety Million Naira only) from one of the customers of his bank: Alhaji Sanusi Kamba, to supply petroleum products to his company. He neither supplied the products nor refunded the money to Kamba. 
When the charges were read to the defendant, he pleaded not guilty.

One of the charges read in part:

“That Efe Egube and Ocean Energy Trading and Services Limited on or about the 22nd day of January, 2008 within the Ikeja Judicial Division of this Honourable Court, with Intent to defraud, obtained the sum of N6, 000,000.00 (Six Million Naira) Only, from Aminu Gandi Petroleum Limited, by falsely representing that the money was part payment for the supply of petroleum products from you to them which representation you knew to be false”.

In view of the plea of the defendant, prosecution counsel, Ben Ubi asked for a trial date. Regarding the place of custody, Ubi said "we will consider taking custody of the defendant for one week and after the hearing of the bail application, we shall pray that he should be remanded in the proper place of custody".

The defence counsel, J. A. Obodoechi informed the court that she had filed an application for bail for the defendant and sued for the remand of the defendant in EFCC custody considering his health.

Justice Ipaye adjourned the case to November 12, 2014 for hearing and ordered that the defendant be remanded in EFCC custody

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