Home Other News EFCC Docks Banker for Multi-million Naira Fraud

EFCC Docks Banker for Multi-million Naira Fraud

by Our Reporter
The Maiduguri Zonal Office of the Economic and Financial Crimes
Commission, EFCC, on Thursday, September 26, 2019 arraigned one Adam
Kaka Adam before Justice Ibrahim Jauro of the Yobe State High Court,
Damaturu, on one-count charge, bordering on criminal misappropriation to
the tune of N11, 657, 500.00 (Eleven Million Six Hundred and Fifty-seven
Thousand Five Hundred Naira).

Adam was a former Service Manager, in charge of Vault Room and Automated
Teller Machine (ATM) in Unity Bank Plc, Damaturu Branch, Yobe State.

Trouble started for him when the EFCC received a petition against him
from his employer (Unity Bank Plc), alleging criminal misappropriation
of the said sum, meant to be fed the ATM machines of the branch which he
is alleged to have dishonestly converted to his personal use.

The charge reads: “That you, Adam Kaka Adam, while being the Branch
Service Manager with Unity Bank Plc, Damaturu, Yobe State, in charge of
the Vault Room and Automated Teller Machines (ATM), sometime in 2017 at
Damaturu, Yobe State within the jurisdiction of this honourable court
and in such capacity dishonestly took the sum of N11, 657, 500.00
(Eleven Million Six Hundred and Fifty Seven Thousand Five Hundred Naira)
only, being the property of Unity Bank Plc without its consent and with
intention of permanently depriving it of the said sum and thereby
committed an offence contrary to and punishable under Sections 286(1)
and 287 of the Penal Code Law, Laws of Yobe State of Nigeria
respectively.”

The defendant pleaded not guilty to the charge. Following his plea,
prosecution counsel Khalid Sanusi prayed the court for a trial date and
for the defendant to be remanded in prison custody.

Justice Jauro admitted the defendant to bail in the sum of N1million
with two sureties in like sum and adjourned the matter to October 15,
2019 for commencement of trial.

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3:54 PM (38 minutes ago)

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     Ayade: Spaghetti flyover, major bridges to be completed soon

Cross River State Governor, Sir Ben Ayade has assured that the ongoing
construction of a spaghetti flyover and other flyover bridges at
Odukpani Junction will soon be completed.

The governor gave the assurance when he visited the construction site
where major civil, mechanical and structural works are moving in rapid
pace.

Speaking to newsmen, Governor Ayade reinstated his commitment to ensure
the spaghetti flyover, the first of its kind in this part of the world,
is delivered soon.

According to him, “the Spaghetti Flyover looks like something impossible
because of the three floors of bridges crossing each other. Ordinarily
that doesn’t look like something Cross River could handle.

“Trust me, with the intellectual money everything is possible. So here
we are at the site, the civil works going on perfectly well, the
structural works, mechanical works going on also with same rapidity.”

The Governor also spoke about the superhighway and the deep seaport
projects, which he believes hold the key to unlocking the economic
potential of not just the state but the country as a whole.

While affirming his unflinching commitment to the actualisation of the
projects, the governor reiterated his appeal to President Muhammadu
Buhari, to grant the state a sovereign guarantee on the projects.

He disclosed that the first phase of the 275km Superhighway will be
completed by the first quarter of next year.

This is just as he revealed that construction of bridges along the route
have commenced.
“Our commitment is that by quarter one of next year, phase one of the
superhighway will be getting ready,” he disclosed.

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