A former Banker at Stanbic-IBTC Bank, Ajayi Olusola, was 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. The alleged fraud was committed between 2015 and 2021.
Olusola who now runs a company, Abel Systems Servicies Limited, had committed the crime with two other accomplices, Ayodele Olaogun and Hakeem Abdullahi, who are both at large.
The former banker and his company were arraigned before Justice Abimbola Awogboro. The defendant pleaded not guilty to the charges. Justice Awogboro admitted him to bail in the sum of N50m with two sureties in like sum.
The court adjourned the case till November 10 for the trail to commence.
