By Edwin Eriye
The Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office has arrested one Kehinde Olumide Agbabiaka, a sales agent of Fidelity Bank Plc.
His arrest was sequel to a petition by the bank in which it was alleged that the suspect suppressed, diverted and stole the sum of N137, 000, 000 from personal and corporate accounts of a customer in Ibadan.
The commission explained that the suspect, who was the account officer attached to the customer, was said to be visiting the business premises of the victim weekly to collect cash with the understanding that he would remit same to his accounts domiciled in the bank.
But, instead of depositing the money, he remits only a portion on many occasions and diverts the whole sum to a separate account for personal use.
In order to cover his criminal acts, the suspect, according to the petition, would issues fictitious bank slips to deceive the customers that he truly deposited the sums.
Agbabiaka was petitioned by the bank when the customer reviewed the statement of his account and reconciled same with the cash collection register.
The Commission, speaking further, said that a prima facie case of diversion and stealing against the suspect has been established.
Further investigations by the Commission, showed that the suspect had used the suppressed sums to build houses, purchase cars, invest in fixed deposits, insurance policies and also gave part of the loot to people as friendly loans.
