FujiPOP Online Magazine

victor

The fear of Economic and Financial Crimes Commission is the beginning of wisdom for Nigeria Banks.

A former branch manager of one of the new generation banks, (Ecobank Plc), Victor Amushie has been arrested by the Economic and Financial Crimes Commission for a credit fraud in the sum of N81, 024, 749.28( Eighty One Million, Twenty-Four Thousand, Seven Hundred and Forty Nine Naira, Twenty Eight kobo only).

The suspect allegedly packaged loan facilities for himself, using several names and accounts of some customers of his bank, with whom he shared the proceeds.

The loans went bad and the bank had to hold Amushie, who was on the verge of running out of the country before being apprehended by operatives of the EFCC.

Details of the loan disbursement showed that he granted a total sum of N57, 979, 024. 07( Fifty Seven Million, Nine Hundred and Seventy Nine Thousand, Twenty Four…

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