A sales agent of Fidelity Bank Plc, Kehinde Olumide Agbabiaka, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office.
Agbabiaka was arrested following a petition by the bank, in which he was alleged to have suppressed, diverted and stole a total sum of N137,000,000 from personal and corporate accounts of a customer in Ibadan.
Filed on August 20, 2019, the petition alleged that Agbabiaka committed the offence between January 2017 and July 2019.
The suspect, who was the account officer attached to the customer, was said to have visited the business premises of the victim weekly to collect cash with the understanding that he would remit same to appropriate accounts domiciled in the bank.
But Agbabiaka was said to have at different times remitted only a portion and on many occasions diverted the whole sum to personal use, and subsequently issued fictitious bank slips to deceive the customer.
The petition stated that the suspect was exposed when the customer reviewed the statement of his account and reconciled same with the cash collection register.
EFCC investigators have thereby established a prima facie case of diversion and stealing against the suspect, while further investigations revealed that he had used the suppressed sums to build houses, purchase cars, and invest in fixed deposits and insurance policies.
He also gave part of the loot to people as friendly loans.
Meanwhile, some of the properties have been recovered and registered as exhibits, as the suspect will be charged to court as soon as investigations are concluded.