EFCC arrests former bank manager over alleged N81m fraud

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 an alleged credit fraud in the sum of N81
million.

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 Naira, Seven kobo only) to Onezh Oil and Gas
Limited; N11, 317, 562.73( Eleven Million, Three Hundred and Seventeen
Thousand, Five Hundred and Sixty Two Naira, Seventy Three kobo) to
Esubeb Staff Multipurpose Cooperative and N11, 728, 162. 48 (Eleven
Million, Seven Hundred and Twenty Eight Thousand, One Hundred and
Sixty Two Naira, Forty Eight kobo only) to Ogochukwu Amanda.

Amushie is in the custody of the EFCC and will be charged to court as
soon is investigation is concluded.