Ex-Banker Re-Arraigned For Allegedly Stealing N19.5m



A 31-year-old ex-banker, Ogunsola Israel, was on Friday arraigned over an alleged N19.5 million fraud.

Israel was docked at an Iyaganku Chief Magistrates’ Court in Ibadan on a three-count charge bordering on stealing and fraudulent transaction.

The Police Prosecutor, Ade Adebusoye, said the re-arraignment was necessitated by the transfer of the presiding magistrate out of the court’s jurisdiction.


Adebusoye told the court that the accused committed the offence between July 2011 and March 2012 within the premises of Stanbic IBTC Plc, Ring Road, Ibadan.

He said the accused, a former employee of the bank, failed to account for the aforementioned amount that was received on behalf of the bank.

Adebusoye further alleged that the accused also made fraudulent transactions on the Stanbic IBTC Account no: 9200927941.

According to the prosecutor, the offences contravene Sections 390 (9) and 438 (B &C) of the Criminal Code Cap 38 Vol. II Laws of Oyo State of Nigeria 2000.

The accused, again, pleaded not guilty to the charges.

Credit- Vanguard


SEE ALSO:Court Suspends Ex-Chadian Dictator’s Trial



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