The Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office has arraigned an ex-banker, Akinwole Oluwaseun Dosunmu, alongside his wife, Motunrayo Olanike Dosunmu.
The couple were arraigned before Justice Ladiran Akintola of the Oyo State High Court, Ibadan for alleged financial fraud to the tune of N2, 740,300.92 (Two Million, Seven Hundred and Forty Thousand, Three Hundred Naira, Ninety-Two kobo).
Akinwole was part of the bank’s staff, while his wife was a customer and a beneficiary in the bank’s Third Party Acquirer Scheme.
As part of its marketing strategy, the bank had initiated the scheme which gives relatives and friends of their marketing agents commission for bringing new customers to open and operate new accounts with the bank. Akinwole, who was also a marketer with the bank, was appointed to coordinate the scheme.
According to reports, apart from the commission gotten on account opening, the referral also enjoys a certain percentage on the saving made through the accounts every month.
During the review of activities under the scheme in 2016, the bank allegedly discovered that most of the accounts appropriated to Motunrayo as a third-party acquirer were fraudulently tagged to her by her husband.
This lead to an investigation which allegedly revealed that the accounts were never sourced by neither of the couple, but by other third-party agents.
The bank petitioned the EFCC that the couple had benefited a total of N2, 740,300.9292 as commission fraudulently paid to Motunrayo through the scheme.
This made the anti-graft agency to arraigned the couple on a 16-count charge of stealing.
The offence is contrary to Section 390 (9) of the Criminal Code Laws CAP 38, Laws of Oyo State, 2000.
After the defendants pleaded not guilty to the charges preferred against them, counsel to the EFCC, Ifeanyi Agwu, applied for a date for trial.
In his ruling, Justice Akintola adjourned till Friday, February 21, 2020, for hearing of the bail applications after turning down the bail application made by the defense counsel, J. B. Olaoye.
The judge, therefore, ordered that the couple be remanded in the Agodi, Ibadan custody of the Nigerian Correctional Service (NCS) pending the adjourned date.