How Nigerian Banker, Kazeem Olawuwo Transferred 2.4M To His Friends Accounts From Customer's Account

Kazeem Olawuwo an ex-employee of an old generation bank who allegedly stole N2.4 million from several of the bank’s customers’ accounts, was on Thursday brought before an Igbosere Magistrates’ Court in Lagos

Olawuwo, 37, was arraigned alongside his female friend, Risikatu Wahab, 35, on a 12-count charge of conspiracy, fraud and stealing, before Mrs M. F. Onamusi.

Prosecuting Sergeant Friday Mameh alleged that the defendant committed the offences between October 2016 and April 2018, at the Orile Iganmu branch, Lagos of the bank. He said Olawuwo abused his position as a staff of the bank by fraudulently transferring N2.4 million to different accounts.

According to the prosecutor, the monies were moved in trenches from different customers accounts to Olawuwo’s friends’ bank accounts. The court heard that the second defendant, Wahab, was one of Olawuwo’s friends who received the monies despite knowledge that the transaction was fraudulent. Olawuwo allegedly fraudulently transferred N500, 000 to Wahab from a customer’s account no.

The prosecutor said Olawuwo transferred a total of N1.9 million to one Kazeem Olarewaju still at large, adding that the transfer to Olarewaju, was done in five tranches. He told the court that the money was the property of the Bank.

The defendants pleaded not guilty. Magistrate Onamusi granted each defendant N1 million bail with two sureties in the like sum, among other conditions. The case continues on February 26, for mention..