Banker docked for alleged N452m fraud in Anambra

The Economic and Financial Crimes Commission (EFCC) on Wednesday a staff of the United Bank for Africa, Judith Nneka Nwagwu, at the Anambra State High Court, Onitsha, for alleged N452million fraud.

The commission arraigned the defendant on a seven-count charge of forgery and obtaining by false pretence.

The commission alleged that Nwagwu fraudulently obtained N192million from a complainant on the pretext that the bank had $400,000 for sale at the rate of N480 per Dollar.

In a petition to the EFCC, the bank also accused the defendant of forging two fixed deposit certificates and obtained N260.047 million from a customer under the guise of fixing the money for him.

READ ALSO:EFCC arrests three bankers for alleged N51.9m fraud

She pleaded not guilty when the charges were read to her prompting prosecution counsel, Michal Ani, to ask the court to pick a date for the commencement of the trial.

Justice D.A. Onyefulu granted her bail in the sum of N10 million with a surety in like sum. T

The surety, according to the judge, must be resident within the court’s jurisdiction.

He adjourned the matter till May 11, 26 and June 8 for trial.

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