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How First Bank Officials Aid N900m POS Fraud

Justice D. V Agishi of the Federal High Court, Jos, Plateau State has remanded a First Bank Official and a Petrol Station MD in Prison over N900m Point of Sale, POS, fraud allegations.

The judge gave the remand order after their arraignment pending the determination of their bail application at the next hearing.

The Economic and Financial Crimes Commission, EFCC, had arraigned the petrol station MD, Naankang Dawan with his companies, Taen Nigeria Ltd, and Lataen Engineering Ltd along line a First Bank Official, Moruf Tunji Olukanmi on thirty one count charges.

The charges borders on conspiracy, money laundering and obtaining N908, 108, 974.52 by false pretence.

The commission alleged that Mr Dawan who inherited some companies including a petrol station from his family, connived with some Officials of First Bank, including Moruf Tunji Olukanmi (fourth defendant), to defraud customers using a POS terminal allocated to him.

Also Read: https://topcourtnewsng.com/abuse-of-office-fidelity-banks-official-unlawful-freeze-customers-account/

They pleaded not guilty to the charges when read to them

Subsequently, the EFCC counsel Benjamin Manji asked for a trial date and that the suspects be remanded at the Correctional Centre pending trial.

But defence counsel, A.G Yirvoms informed the Court of a pending application for the bail of his clients.

Justice Agishi adjourned the case till July 26, 2021 for consideration of bail application and October 6, 2021 for trial.

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Akinlade I. WAHAB is a dedicated journalist and the proprietor of I-WAHAB Media. He embarked on his career at Murhi International TV (MiTV) and subsequently joined Radio Nigeria as a Judicial Correspondent.With a profound interest in legal reporting, he currently holds the positions of Chairman at the National Association of Judicial Correspondents (NAJUC), Ikeja Branch, and Chairman at the Nigeria Union of Journalists (NUJ), Radio Nigeria Chapel.As the owner of I-WAHAB Media, he has successfully established Top Court News, a platform renowned for providing comprehensive coverage of court cases and legal developments, with the aim of promoting transparency within the judicial system.Akinlade's diligent work and unwavering commitment to ethical reporting have earned him immense respect within the Nigerian journalism community.

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