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    EFCC arrests First Bank staff over N18m fraud

    Chronicle EditorBy Chronicle EditorJune 16, 2020No Comments1 Min Read
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    Philips Orunmade has been arrested by EFCC after defrauding First Bank Plc
    Philips Orunmade has been arrested after defrauding First Bank Plc
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    The Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC, has arrested a staff of First Bank of Nigeria Plc, Philips Orumade, for allegedly stealing the sum of eighteen million, nine hundred thousand naira ( N18,900,000) from the bank.

    Orumade, who was said to be in charge of ATM gallery keys at Aduwawa branch of the bank, on November 3, 2019 allegedly disappeared with the said amount and efforts to trace him proved abortive.

    According to the bank, the suspect was captured by the CCTV footage, walking into the ATM gallery, before using a nylon bag to cover the CCTV.

    • Man jailed 24 years for money laundering in Ibadan

    The suspect has been on the run and was recently apprehended in Lagos.

    He has made useful statements and will soon be charged to court as soon as investigations are completed.

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