N93.2m Fraud: Police nabs 2 Wema Bank Staff


The Nigerian Police have arraigned two employees of Wema Bank PlC before a Lagos Magistrate’s Court for allegedly defrauding the bank of N93.2 million.

The police prosecutor, Chidi Okoye, who told the court that the defendants, Joseph Adeleye (32) and Bankole Alade (36) were clerks at the headquarters of the bank at Marina, Lagos, also revealed that the duo committed the offence, with others at large, between November 2012 and July this year at the bank’s headquarters and at Emrey Hotel, Lagos.

Mr Okoye alleged that the defendants and their accomplices disclosed the passwords of the “BSM and TOFT“ (banking software) of their branches to fraudsters.

He said the men are facing a three-count charge of conspiracy, fraud and stealing.

“The fraudsters gained access to Wema Bank Fund Transfer menu and transferred the above mentioned sum to various fraudulent accounts and also withdrew same within 24 hours.

“Adeleye and Alade also revealed the Impute Override Menu and the Override Menu of the bank to the fraudsters, which they used to steal the said amount, using 18 different bank accounts”


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