The Economic and Financial Crimes Commission (EFCC) on Monday, August 3, 2015 arraigned a former banker of Sterling Bank before a Federal High Court sitting in Port Harcourt for allegedly stealing N27million from a customer’s account.
Bawa Momodu, was arraigned before Justice I. E. Ekwo on a 16-count charge bordering on forgery, uttering and stealing.
The Head, Media and Publicity, of the anti-graft commission, Wilson Uwujaren, said the accused allegedly forged the signature of the said account holder and fraudulently withdrew the money from the bank.
He said: “Investigations further revealed that the said amount was transferred to the Sterling Bank account of one Emilia Ugwandu, who is now at large, in a bid to hide the source of the stolen funds.”
Momodu pleaded not guilty to the charges preferred against him in court before the prosecution counsel, A. Olatunji, asked for a date to commence trial.
After a bail application by the the defence counsel, Allen Nwogwama, the accused was granted bail in the sum N7 million and one surety in like sum.
According to the presiding judge, the surety must be a responsible member of the society with landed property worth the bail sum, to be verified by the court registrar and the prosecution council.
Momodu was also directed to report at the EFCC office on the last day of every month.