• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News Crime

‘You’ve no right!’ EFCC uncovers how Polaris Bank stole customer’s ₦12.6mln

Freelanews by Freelanews
July 28, 2021
in Crime
0
quotes 71

An account officer with Polaris Bank, Keshinro Babatunde, is currently standing trial on a 9 count charge bothering on stealing, forgery, and fraudulent false accounting with a customer’s account to the tune of N12.6m.

The case, which came up at the Lagos High Court recently, revealed how Babatunde allegedly stole the sum of N12.6m from a customer’s account through forged request forms and cheques.

The prosecution witness, David Areyo, who is a colleague of the defendant and also an employee of the bank, told the court that Babatunde transferred funds belonging to the customer by signing request forms and cheques pretending to have been authorized by the customer, an offence which contravened Sections 287, 365, 337, and 411 of the Criminal laws of Lagos state of Nigeria, No 11, 2015.

“Sometime last year 2020, we got an invite from EFCC to the head of internal audit requesting to come with the statement of account of one of our customer.

“Upon the request, the bank also carried out it own investigation looking into the involvement of the staff.

“We found some fund transfers. When we confronted the defendant, he told us that the customer instructed him to transfer those funds,” the witness said, while being led in evidence by the prosecutor for the Economic and Financial Crime Commission (EFCC), Rotimi Oyedepo.

When asked if it was the procedure of the bank for staff to sign the instruction form or cheque on behalf of a customer, the witness replied “No my Lord! No staff has the right to sign a customer’s instruction or customer’s cheque”.

The witness was further shown Exhibit C (Termination of Fix deposit) to affirm if after the bank investigation the document carried the signature of the customer.

In his response, the witness said, “Our findings showed it was not the customer that signed the document.

Meanwhile, the EFCC had alleged that Babatunde forged a Skye bank cheque No.47423262 dated 16/08/2018 in the sum of N340,000 and purported same to have been signed by one Kola Oseni.

The defendant, on or about the 14th of December 2016, while in the employment of Polaris Bank Plc falsified the account number and dishonestly converted the total sum of 10,000,000 naira property of Alh. Ganiyu Kola Oseni

The matter was further adjourned July 30, 2021, for continuation of the trial at 12 noon.

freelanews
Freelanews

Freelanews is a potpourri of news, entertainment, business, events and photos. This is no fake news.

Related Posts

Imo police raid IPOB hideout
Crime

Imo Police arrest suspected IPOB members, recover weapons, ₦10.3m in terror raid

by Quadri Olaitan
April 18, 2025
Mile 12 murder arrests
Crime

Young woman brutally murdered in Mile 12: Police arrest two, identify ex-boyfriend as key suspect

by Peculiar Adirika
May 26, 2025
Residents mourn Ifeanyi Ogbu tragedy
Crime

Residents mourn as doctor’s body found dead, children missing

by Quadri Olaitan
October 5, 2025
Hushpuppi
Crime

‘Since arrested in 2020’ US court sentences Hushpuppi to 11 years, three months

by Freelanews
November 8, 2022
Plateau State farmers killed
Crime

Gunmen kill passengers, spark fear in Imo attack

by Quadri Olaitan
May 10, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Recent News

Anambra Police launch raids ahead

Anambra Police launch raids ahead of governorship election

October 28, 2025
Governor Umo Eno celebrates Davido’s 5ive Alive tour stop

Governor Umo Eno hails Davido’s 5ive alive tour stop

October 28, 2025
Brendan Rodgers

Brendan Rodgers resigns as Celtic manager

October 28, 2025
Lagos building collapse

Lagos building collapse kills one, injures 26 residents

October 28, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
APC Second-Term Governors

APC: Second-term governors seeking immediate elective post to lose party leadership

October 15, 2025
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Anambra Police launch raids ahead

Anambra Police launch raids ahead of governorship election

October 28, 2025
Governor Umo Eno celebrates Davido’s 5ive Alive tour stop

Governor Umo Eno hails Davido’s 5ive alive tour stop

October 28, 2025
Brendan Rodgers

Brendan Rodgers resigns as Celtic manager

October 28, 2025
Lagos building collapse

Lagos building collapse kills one, injures 26 residents

October 28, 2025
October 2025
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Hot!

Anambra Police launch raids ahead

Anambra Police launch raids ahead of governorship election

October 28, 2025
Governor Umo Eno celebrates Davido’s 5ive Alive tour stop

Governor Umo Eno hails Davido’s 5ive alive tour stop

October 28, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.