A former worker of Stanbic-IBTC Bank identified as Ajayi Olusola, has been arraigned before a Federal High Court sitting in Lagos, for allegedly defrauding the bank of the sum of N205m.
The defendant is facing three counts bordering on conspiracy, obtaining by false pretences and unlawful conversation preferred against him by the Police Special Fraud Unit, Ikoyi, Lagos.
Speaking to the court, the prosecutor, Mr Sylvester Azubuike, said the defendant allegedly committed the fraud alongside one Ayodele Olaogun and Hakeem Abdulhadi, who were at large.
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According to Azubuike, Olusola, who now operates a company, Abel System Services Limited, allegedly committed the fraud between 2015 and 2021, while he was working with the bank.
The former banker and his company were arraigned before Justice Abimbola Awogboro.
The defendant however, pleaded not guilty to the charges.
Justice Awogboro admitted him to bail in the sum of N50m with two sureties in like sum.
The case was further adjourned till November 10 for commencement of trial.
