N411m fraud: Court remands ex-bank manager | Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper. f

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A Federal High Court in Ikoyi, Lagos, has ordered the remand of Ifeanyi Chukwu Azike, a former manager of Ecobank Nigeria, over allegations of fraud.


The accused was alleged to have defrauded the bank’s customers to the tune of N411 million.


Azike, who was handed over to the police by the investigative unit of the bank, was arraigned before Justice Ayotunde Faji by the Special Fraud Unit (SFU) of the Nigeria Police Force.


The defendant was dragged before the court on a three-count charge bordering on obtaining money under false pretences, false representation and fraud. He, however, pleaded not guilty to the charge upon his arraignment.



Following his not guilty plea, the police prosecutor, ASP Daniel Apochi, urged the court to remand him in prison pending the commencement of trial.


Consequently, Justice Faji ordered that the defendant be remanded in prison till March 8 when his bail application would be heard.


In the charge, police alleged that between 2016 and 2017, Azike fraudulently obtained N150 million from a customer of Ecobank Nigeria under a false pretence of buying Federal Government Treasury Bill for him in his bank.


the consent of the bank fraudulently converted the sum of N411 million belonging to the bank to his personal use.






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