A banker with Wema Bank, Kazeem Olawuwo, was on Thursday arraigned before an Igbosere Magistrates’ Court for allegedly conspiring with his friend to steal N2.4 million from customers’ accounts.
Olawuwo, 37, was arraigned with his female friend, Risikatu Wahab, 35, on a 12-count charge of conspiracy, fraud and stealing before Mrs. M. F. Onamusi.
Prosecuting Sergeant Friday Mameh alleged that the defendant committed the offence between October 2016 and April 2018.
He said Olawuwo abused his position by fraudulently transferring the cash to his friends’ accounts.
Mameh said the money was moved in tranches from the customers’ accounts to the other accounts.
The court heard that the second defendant, Wahab, was one of Olawuwo’s friends who received the money despite knowing that the transaction was fraudulent.
Olawuwo allegedly fraudulently transferred N500, 000 to Wahab from a customer’s account number 0222111335.
The prosecutor said Olawuwo transferred N1.9 million to Mr. Kazeem Olanrewaju, who is at large, adding that the transfer was done in five tranches.
Mameh said the offence contravened sections 287 (7), 365 (1) and 411 of the Criminal Law of Lagos State, 2015.
The defendants pleaded not /guilty.
Magistrate Onamusi granted the defendants N1 million bail with two sureties each in the like sum, among other conditions.
Olawuwo was also arraigned on a separate one-count charge of fraud.
Mameh said Olawuwo committed the offence on March 2, last year.
He alleged that Olawuwo fraudulently transferred N300, 000 to Wasiu Bakare, who is at large, in contravention of Section 287 (7) of the Criminal Law of Lagos State, 2015.
Olawuwo pleaded not guilty.
Magistrate Onamusi granted him N200, 000 bail with two sureties in the like sum.
She adjourned till February 26.