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Union Bank official in court over alleged N25m theft

Robby Akeju by Robby Akeju
September 15, 2020
in Business, Legal, News
0
Trading closes red on NSE, investors lose N279bn

Union Bank

A 32-year-old banker, Benjamin Musa, on Tuesday, appeared in a Wuse Zone 6 Chief Magistrates’ Court, Abuja, over alleged theft of N25 million.

Musa, whose residential address was not given, is charged with three counts of breach of trust, theft and forgery.

He, however, pleaded not guilty to the charge.

The prosecution counsel, ASP Peter Ejike, told the court that the defendant committed the offences between August 2019 and  February 2020.

He said that the complainant, Zakari Uthman, of Union Bank Plc,  Area 3, Garki, Abuja reported the matter at the Garki Police Station on August 24.

Ejike in addition alleged that the defendant  used his position as  the bank’s Teller, forged three customers’ signatures and withdrew the sum of N25 million from their accounts without their consent.

The prosecutor further said that during police investigation, the defendant was arrested and he addmitted to have committed the crime.

The offence, he said, contravened the provisions sections 289, 312 and 364 of the  Penal Code Law.

The Chief Magistrate, Omolola Akindele, granted the defendant bail in the sum of N1 million with two sureties in like sum.

She ordered that the one of the sureties must  be a civil servant on grade level 09 and above.

She adjourned the case until September 22 for hearing.

Tags: Union Bank official in court over alleged N25m theft
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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.