The police in Lagos have arraigned a senior manager with Fidelity Bank Plc., Agatha Dunu Igwe before a Lagos State Magistrates’ Court over an alleged N42 million fraud.
Igwe was accused by the police of allegedly obtaining the sum from the Managing Director of Maydom Pharmaceutical Limited under false pretence.
The Police claimed in the charge that the defendant allegedly obtained the money from the complainant under the pretext of using it to lobby senior officials of the bank.
According to the police the defendant had promised to help the complainant to secure a $1 million import finance loan from Fidelity Bank Plc, a claim the police said the accused knew to the false.
Igwe was arrested by the operatives of the Police Special Fraud Unit, PSFU at Ikoyi, Lagos.
After investigation by Supol Akio and his team, Igwe was charged before the court on a three-count charge of obtaining money under false pretence and stealing.
Police prosecutor, Supol George Nwosu told the court in charge No: F/5/2020 that the defendant, a staff of Fidelity Bank Plc, committed the offence between March and May, 2017 at Ilupeju, Lagos.
Nwosu told the court that the defendant tricked the complainant and collected a total sum of N42.9 million from him to help lobby some officials of the bank to help him secure a one millions dollar import finance loan from the bank knowing full well that there was nothing like that at Fidelity Bank Plc.
He said that the complainant decided to report the matter to the police when Igwe could not secure the loan facility and did not refund the N42 million back to him.
Nwosu insisted the offences were punishable under sections 411, 324 and 287 of the criminal law of Lagos State, 2015.
The accused, however, pleaded not guilty to the charge.
Chief Magistrate O.O Oshin granted her bail in the sum of N500,000 with two sureties in like sum who must have N1 million in their bank account.
The Magistrate then adjourned the case till 24 February, 2020 for mention.
She, however, ordered that the defendant be kept at the Kirikiri Correctional facility untill she perfected the bail conditions.