Ex bank manager in trouble over fraud

A former Oceanic Bank manager, Efe
Egube, was on Monday remanded in custody of
the Economic and Financial Crimes Commission
(EFCC) by an Ikeja High Court over an alleged
N15 million fraud.
The 39-year-old Bank manager who was
arraigned alongside his company, Ocean Energy
Trading Services Ltd, would remain in custody
pending the ruling on his application for bail fixed
for Nov.12.Egube.
Justice Olutoyin Ipaye , charged the defendant
who lives at No. 2b, Ogalade Close, Victoria
Island, Lagos on an 18-count charge bordering
on obtaining money under false pretences.
The EFCC counsel, Mr Ben Ubi, said Egube
committed the offences between July 2007 and
March 2008 while he was the manager of
Oceanic Bank, Eleganza Branch in Apapa, Lagos.
Ubi said he obtained money in various
installments from Sanisu Kamba and his
company, Aminu Gandi Petroleum Ltd.He said
the defendants claimed the money represented
part payments for the supply of petroleum
products to the complainants.
According to him, Egube after obtaining the
money failed to supply the products as agreed.
Ubi said the offences contravened Section 1(3)
of the Advanced Fee Fraud and other Fraud
Related Offences Act of 2006.
NAN reports that the offence of obtaining money
on false pretences attracts a maximum of seven
years imprisonment on conviction.Egube,
however, pleaded not guilty to the charge.