Tuesday, 26 April 2016

Sterling Bank Staff Fraudulently Withdraws N6m From Employer’s Account One Year After Employment

The police at Lion Building Division, Lagos Island, have arrested a 26-year-old staff of Sterling Bank Plc, Junaid Afeez, for fraudulently withdrawing the sum of N6m from the account of his employer and converting it to his personal use, one year after he was employed. Police alleged that the suspect was arrested following a complaint by the management of Sterling Bank Plc to the DPO in-charge of Lion Building Division, Lagos Island, CSP Antonia Tanaruno that they suspected their staff, Afeez, attached to the Adeola Odeku Branch of Sterling Bank Plc Victoria Island of stealing N6m from their account.

The bank also stated that he fled after taking the money. The bank said it uncovered the alleged fraud after they audited their account. Following the report, CSP Tanaruna, directed a team led by Inspector Oluranti Elegbede to track and arrest the suspect anywhere he could be found and he was arrested at a hideout and taken to the station.

Afeez was arraigned before a Tinubu Magistrates’Court, Lagos on a two-count charge of felony to wit and stealing. The prosecuting police officer, Elegbede informed the court in charge No A/41/2016 that the accused committed the offence in June 2014, at Sterling Bank’s Branch located at Adeola Odeku Street, Victoria Island, Lagos during working hours.

Elegbede told the court that the accused betrayed the trust reposed in him by his employer as a teller officer and fraudulently stole the sum of N6m from their account and escaped before he was arrested. He said the offence committed is punishable under section 285(7) of the Criminal Laws of Lagos State, 2011.

Afeez however pleaded not guilty to the alleged crime. Chief Magistrate, Mrs K.B Ayeye admitted him to bail in the sum of N500,000 with two sureties in like sum.

Ayeye adjourned the case till 8 June, 2016 for mention while the defendant was taken to Ikoyi prison, Lagos pending when he will fulfil his bail conditions.


  1. Sincerely speaking, some of these bank Tellers are fraudulent in nature. They rob unsuspecting customers on a daily basis.

  2. That guy is a born criminal


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