Sterling Bank staff arrested for fraud, manager bolts

The Special Fraud Unit of the Nigeria Police, Milverton, Ikoyi Lagos State has arrested five staff of Sterling bank, Sokoto branch, over allegations of fraud and stealing.
The fraud unit has also declared a manhunt for the former manager of the bank, alleged to have taken part in the crime.
The ex-bank Manager, Kayode Adeyanju, was alleged by the five staff to have conspired with them in helping themselves to depositor’s funds.
Adeyanju was also said to have used money stolen from the bank to treat an ailment that had been troubling him and used part of the money to relocate himself and family to London.
The fraud Unit explained that Adeyanju, who is currently at large, conspired with Albert Nsude, 32; Danladi Garba, 38; Nasiru Shehu, 40; Daniel Adeboye, 32; and Patrick Jimoh, 32, to defraud the Sokoto Branch of N146,782,980 million by manipulating the Sokoto State Board of Internal Revenue account domiciled with the branch.
The SFU further stated that the money was diverted to their personal purse without the consent of the bank management.
According to SFU spokesperson, Ngozi Isintume-Agu, during investigation, the five suspects were apprehended and they all admitted granting various illegal loans to some private companies and local government departments through the instruction of Adeyanju.
They all alleged that the principal suspect took N70 million belonging to depositors to treat himself of his ailment and bolted away to London with his family.
Isintume-Agu said: “Investigation is ongoing while measures have been put in place to track the fleeing ex-bank Manager and forestall insider threat to the financial and non-financial institutions in the country.
“However, all the suspects will be arraigned in court, soonest to serve as deterrent to other bankers.”