{"id":325,"date":"2014-02-03T18:14:00","date_gmt":"2014-02-03T17:14:00","guid":{"rendered":"http:\/\/www.faithirabor.com\/?p=325"},"modified":"2015-12-14T00:04:08","modified_gmt":"2015-12-13T23:04:08","slug":"65million-naira-fraud-rocks-wema-bank","status":"publish","type":"post","link":"https:\/\/www.faithirabor.com\/?p=325","title":{"rendered":"6.5MILLION NAIRA FRAUD ROCKS WEMA BANK"},"content":{"rendered":"
\"\"<\/a><\/div>\n

Though the amount in question is considered not to be a colossal one,
\njust about N6.5 Million, yet it just shows how porous the anti-fraud
\nsecurity network of Wema Bank Plc is. If an amount running into 6 digits
\ncan just develop wings and do the Houdini. <\/b>
\n
\n<\/b>
\nThe money in question belongs to a parastatal of the Lagos
\nGovernment, the Vehicle Inspection Office (VIO). The money we hear is a
\ncollection of proceeds from fines imposed by the VIO & other
\npayments by the office, between June & October of 2013. The phantom
\nmoney disappeared from the Iponri branch of Wema Bank.<\/b>
\n
\n<\/b>
\nApparently the account discrepancies was noticed after the VIO
\naccount department had done a reconciliation and to their shock the said
\namount that should be in their account had gone missing; so the alarm
\nwas raised. The VIO office immediately demanded an investigation on
\ntheir account with WEMA Bank and from the subsequent investigation, the
\nman with the supposed magic wand (hands) turned out to be a Mr. Olakunle
\nOlatunbosun, a teller at the bank who had been employed into the bank
\njust 2 years before the incidence and had been transferred to the Iponri
\nbranch just a year ago. <\/b>
\n
\n<\/b>
\nIn the course of the investigation by the panel set up by the bank, a
\nstaff of the VIO, Lateef Goloba, who works in the account department
\nand who was directly in charge of the money deposited was able to show
\nthat he was not culpable. While Lateef Goloba, deposited the funds and
\ngot his customer’s tellers duly stamped, the teller in charge, Mr.
\nOlakunle Olatunbosun, did not stamp and file the bank’s control copies.
\nSo money was duly deposited but was not accounted for by Olatunbosun. <\/b>
\n
\n<\/b><\/p>\n

Working on the theory that the fraud must have been perpetrated and
\nsuccessful due to the active connivance of the 2 directly involved with
\nthe money, the panel set up to investigate the matter showed that Lateef
\nGoloba was faithful in his work as he duly deposited all the funds and
\nhad evidence to show for it, only Mr. Olatunbosun couldn’t account for
\nthe monies paid to him and was found culpable. So Wema Bank agreed to
\nrefund the stolen money and then Mr. Olatunbosun was sacked and handed
\nover to the police. The bank in going further also reprimanded the
\nsupervisor in charge of Olatunbosun’s department for condoning lapses
\nand for not being alive to his duties and recommended that the staff
\nmembers in that branch would forgo promotion no matter how fantastic
\ntheir appraisal for one year. maestromedia<\/b><\/p>\n

<\/p>","protected":false},"excerpt":{"rendered":"

Though the amount in question is considered not to be a colossal one, just about N6.5 Million, yet it just shows how porous the anti-fraud security network of Wema Bank Plc is. If an amount […]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t