Wednesday 12 October 2016

Police arraign ex-banker, spare parts dealer for N66.5m scam


The police on Monday arraigned an ex-employee of First City Monument Bank, Seun Awosanya, and an auto spare parts dealer, Amechi Osita, for an alleged scam of N66.5m.

The duo was arraigned on two counts before Justice Abdulazeez Anka of a Federal High Court in Lagos.

The charges against Awosanya, Osita and one Okoli Kingsley, said to be at large, bordered on advance fee fraud and money laundering.

The police accused them of defrauding one Logic Vantage & Trust Limited by obtaining N66.5m from the victim under false representing that they were going to sell $300,000 to the victim.

However, according to the police, the accused allegedly stole the converted $300,000, rather than hand it over to the owner, Logic Vantage and Trust Limited.

The police claimed that Awosanya, Osita and Kingsley committed the crime sometime in March 2015, when Awosanya was still in the employ of FCMB, where he allegedly secretly and unofficially changed currencies for the spare parts dealers including Osita and Kingsley.

The offences, according to the police prosecutor, Effiong Asuquo, were contrary to Section 1(1)(a)(b) of the Advance Fee Fraud and Other Related Offences Act 2006 and Section 15(1)(a)(ii)(3) of the Money Laundering (Prohibition) Act 2004.

The accused, however, pleaded not guilty to the charges.

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