Ecobank staff arrested for attempting to steal council fund

Ecobank staff arrested for attempting to steal council fund

A staff of Ecobank, Hillary Ejechi, was on Monday arraigned before an Igbosere Magistrates’ Court after he was accused of conspiring with others to steal deposit belonging to Obanliku Local Government Area (LGA) of Cross River State.


Ejechi(pictured), a University of Benin graduate works at Ecobank’s Tafawa Balewa Square branch in Lagos State where one Happy Eguakun, who was arraigned with him before Mrs. O. M. Ajayi approached him and talked him into the shady deal sometime in July.

Eguakun had forged a document, impersonating official of the council, claiming he was signatory to the council’s account with the bank at the TBS branch of the bank where he met Ejechi.

The duo and others at large hatched the plot to divert the LGA’s fund. But unknown to Ejechi, who worships at one of Lagos branch of Commonwealth of Zion Assembly, COZA, and his conspirators, the council got wind of their plots and had alerted the police.

Subsequently, Ejechi, and Eguakun, were arrested, and arraigned on five counts bordering on forgery and impersonation.

The counts read in part, “That you, Happy Eguakun, Hillary Ejechi and others at large, in July 2016, at Ecobank Plc, in the Lagos Magisterial District, did conspire among yourselves to commit felony to wit: impersonation, forgery and unlawful possession.

“That you, Happy Eguakun and others at large, on July 2016 in the same place, at the aforementioned magisterial district, did present a forged Lagos State Management Authority Bill with property code 62614 to Ecobank, TBS branch, on the pretext to modify account number 0339007306 domiciled in Ecobank.

“That you, Happy Eguakun and Hillary Ejechi and others at large, on the same date and place, did conspire among yourselves with intent to defraud account number 0339007306 with the name: Obanliku Local Government Project, domiciled in Ecobank Plc, thereby committing an offence punishable under Section 323 (1) of the Criminal Law of Lagos State, 2011.”

However, the accused denied the charges and were granted bail by Magistrate Ajayi. The case was adjourned till August 16.

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