Emily Adams
Sun, Jul 30, 2023 8:35 PM

Former Banker Arrested for Alleged Fraud in Nigeria

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Former Banker Arrested for Alleged Fraud in Nigeria
A former banker in Nigeria has been arrested by the Edo State Police Command on charges of fraud amounting to over N14.9 million. The suspect allegedly deceived her victims by promising to exchange their money for new naira notes. Authorities are urging the public to exercise caution in financial transactions and calling on banking institutions to keep customers informed about staff changes.

A former banker in Nigeria has been apprehended by the Edo State Police Command for allegedly defrauding individuals of over N14.9 million. The suspect, identified as Gift Igbinosun, 35, is accused of deceiving her victims by promising to procure new naira notes in exchange for their money.

According to the spokesperson of the Edo State Police Command, SP Chidi Nwabuzor, Igbinosun posed as a staff member of Keystone Bank to perpetrate the scheme. Her victims, Mr. John Nnamdi and Mr. Obasogie Henry Osagieduwa, handed over large sums of money, believing they would receive new currency in return.

Nwabuzor explained, "Under the pretense of being a staff member of Keystone Bank, she fraudulently obtained the sum of N7,350,000 from Nnamdi. Similarly, she fraudulently obtained another sum of N7,600,000 from Osagieduwa."

The suspect, who had been terminated from her employment at the bank two years ago, continued to pose as a Keystone Bank staff member to carry out her fraudulent activities.

Authorities were alerted to Igbinosun's actions after a tip-off, leading to her arrest on July 20, 2023. She now faces charges of impersonation, conspiracy, advance fee fraud, obtaining money by pretense, fraudulent conversion, and stealing.

During interrogation, Igbinosun confessed to providing Nnamdi with mint currency in exchange for a commission. However, she claimed to be unable to meet his subsequent demands, which resulted in a growing debt. She stated that she had already returned N2.5 million to the second victim, Henry, leaving a balance of N5.1 million.

An extensive investigation into the case has been completed, and Igbinosun is expected to appear in court soon, according to the police spokesperson.

This incident serves as a stark reminder to the public to exercise due diligence in financial transactions. It highlights the importance of verifying the authenticity of individuals and offers before parting with large sums of money.

Additionally, the case serves as a call to banking institutions to ensure that customers are kept informed about changes in staff. By maintaining open communication, banks can help prevent fraudulent schemes and protect their clients from falling victim to financial scams.

The incident underscores the need for continuous efforts to combat fraudulent activities in the banking sector. Authorities play a crucial role in detecting and apprehending fraudsters, but individuals must also remain vigilant and cautious in their financial dealings.

As technology advances, fraudsters find new ways to exploit unsuspecting individuals. The public should stay informed about common scams and follow best practices to safeguard their finances.

Source of content: OOO News 2023-07-30 News

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