The general investigations team in Union Bank PLC has revealed that Ismaila Yousouf Atumeyi benefitted from N681 million fraudulently debited from the bank’s customers’ accounts.
Atumeyi, a Kogi State House of Assembly candidate of the New Nigeria Peoples Party (NNPP), got help from Ngene Joshua Dominic and Abdulmalik Salau, a former employee of the bank, to perpetrate an alleged N1.4 billion fraud, FIJ learnt.
Olusegun Falola, an internal auditor and team lead, General Investigations, Union Bank PLC, stood as the first prosecution witness before Justice Tijani Ringim of the Federal High Court sitting in Ikoyi, Lagos.
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“Sometime in October 2022, during the periodic internal review of accounts of customers, we observed that some accounts that were placed on ‘no-debit’ were debited,” Falola said on Monday.
“In the course of our review, it was observed that the methodology employed in debiting the said accounts was different from the way accounts are debited in the normal banking activity.”
Falola claimed internal audit showed N681 million went into Asalatumeyi’s business account.
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The Economic and Financial Crimes Commission (EFCC) apprehended Atumeyi in November 2022.
He’s currently standing trial alongside Dominic and Salau on an 18-count charge bordering on alleged cybercrime and money laundering to the tune of N1.4 billion.
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