N1.4Billion Bank Fraud: Court Denies Bail To Kogi House Of Assembly Candidate, Two Others | Sahara Reporters

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The Federal High Court in Lagos on Tuesday denied bail to three men accused of hacking the computer network of Union Bank and stealing N1,403,343,400 (N1.4 billion). The trio are a candidate seeking election into the Kogi State House of Assembly, Ismaila Yousuf Atumeyi; a former employee of Union Bank, Abdulmalik Salau and one Ngene Joshua. The suspects were on Monday arraigned by the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) on 18 counts before Justice Tijjani Ringim.

December 6, 2022The Federal High Court in Lagos on Tuesday denied bail to three men accused of hacking the computer network of Union Bank and stealing N1,403,343,400 .

Ruling on the application and counter-application on Tuesday, Justice Ringim upheld Oyedepo's arguments that the defendants were a flight risk and the probability of them jumping bail is high. The EFCC preferred 18 counts bordering on concealment of proceeds of fraud, money laundering and cybercrime against the defendants before Justice Ringim.

Oyedepo told the court in a charge numbered FHC/L/651C/2022, that the defendants committed the alleged offences between August and October 2022 in Lagos.

 

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This one can't be a candidate again by the time he livs EFCC he won't know the way back to kogi cos election go don reach 99.9% Politician wey cast in the heat of campaign no no wetin do am

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