Four staff of Fidelity bank have been arraigned before Lagos State Special Offences Court in Ikeja for allegedly stealing N874million from the bank and its customers within three days.
The staff have been identified as Olusegun Babasola, Uchechukwu Uma, Jude Aphaeus and Abisola Ahmed.
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The prosecuting witness identified the four staff of the bank in the dock and gave details of the findings of the internal investigation carried out by his team.
He said: “On 15 July, 2019, as a System Auditor, my team was called upon to look at an instant of ATM fraud reported to the Internal Audit and to investigate same.”
Ige told the Court that the team reviewed the systems, the affected accounts as well as those who must have carried out the activities on the accounts.
He also told the Court that “We observed that the accounts were linked to a set of ATM cards, with their daily withdrawal limits increased from N150,000 to about N150million.”
He further told the Court that the permitted frequency of withdrawal was also increased, adding that “This was very abnormal; and so, it aided the commission of the fraud.”
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He also stated that the investigation focused on the members of staff who had authorised privilege and login details to view the accounts of customers and also increase such frequency and limits on withdrawals.
According to him, “Normally, there should be a request either from the customer or another department requesting the services.
“In this case, from our investigation conducted, there was no evidence provided by the defendants to go into these accounts.”
He told the Court that after the investigation by his Department, an activity log was compiled, which formed part of the internal investigation.
The case has been adjourned.
(C)ControlTV2022.
