A former branch manager of Ecobank Plc,Victor Amushie has been arrested by the Economic and Financial Crimes Commission, EFCC, for an N81 million credit fraud.
The suspect, according to a statement by EFCC Head, Media and Publicity, Wilson Uwujaren 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 N57.9 million to Onezh Oil and Gas Limited; N11.5 million to Esubeb Staff Multipurpose Cooperative and N11.7 million to Ogochukwu Amanda.
Amushie is in the custody of the EFCC and will be charged to court as soon is investigation is concluded.
Follow Us