Thursday, 18 February 2016

N8.8m Scam: EFCC Hands Over Forfeited Property to Skye Bank

EFCC Press Release

The Economic and Financial Crimes Commission (EFCC) on Tuesday February 16, 2016 handed over a forfeited asset of an uncompleted 3 Bedroom bungalow from one Seun Jamiu Odunayo to the complainant, Skye Bank Plc.
Odunayo, a former banker and native of Sagamu in Ogun State, got into trouble after the Commission received a petition from one of the banks, sometime in 2012 following a complaint by one of their customers that a total of N8, 829, 650.00 (Eight Million, Eight Hundred and Twenty Nine Thousand, Six Hundred and Fifty Naira) was not credited into his account after he made a deposit at the bank with their cash officer (Odunayo).
The bank further alleged that customer’s daily sales proceed meant to be lodged into the customer’s account which were picked from over four outlets were not credited.  
 Odunayo was later arrested by Operatives of the EFCC at his residence in Sagamu and charged to court. He was arraigned on November 1, 2012 before Justice O. A. Akinlade of the Lagos State High Court, Ikeja on a 39-count charge bordering on fraudulent accounting and stealing, contrary to the Criminal Code Law of Lagos State. He pleaded not guilty. As trial progressed, he changed his plea.
 On February 17, 2014 based on the guilty plea, Justice Akinlade sentenced Odunayo to 3 years imprisonment without an option of fine on each of the 39 counts which were to run concurrently commencing from November 1, 2012 when he was remanded in prison custody. The court also ordered that his property, an uncompleted 3 bedroom bungalow at Bisodun area at Ofada, Mowe, Ogun State acquired from the proceeds of the fraud be forfeited to the complainant.
 Kaina Garba, a senior detective superintendent from the Asset Forfeiture Unit of the EFCC in Lagos, formally handed over the property to Skye Bank Plc officials represented by Kayode Taiwo, Tamuno Douglas and Adekunle Juba.
In a show of appreciation the officials thanked the Commission for a job well done.
Wilson Uwujaren
Head, Media & Publicity
16th February, 2016

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