how union bank staff helped fraudsters swindle bank of n1 6 billion

How Union Bank Staff Helped Fraudsters Swindle Bank of N1.6 Billion

Union Bank Staff Colluded With Fraudsters To Defraud Bank Of N1.6bn.

How Union Bank employees worked together with fraudsters to defraud the bank of N1.6 billion

According to information that has reached us, Union Bank of Nigeria Plc is in serious difficulty because top bank employees are accused of conspiring with a five-person fraud ring to steal N1.6 billion from the bank’s depositors.

A report from Celebrity Plus Online claims that the fraud syndicates, who were purportedly working with high-ranking bank employees—three Lebanese and two Nigerians—have left the country.

However, Union Bank is working to get the stolen money back and hold the thieves accountable.

In order to report the incident, they have addressed the Force Criminal Investigation Department (ForceCID), Alagbon-Ikoyi Lagos.

The alleged con artists are Ningle Kevin and Obiageli Inuwagle, two Nigerians, Sunil Kumar Hari Prasad, Voodi Sumaprakash, and Dhanuka Sunil Kumar, all of whom are from Lebanon.

According to reports, certain employees of the bank that sanctioned the loan have been detained and are currently being questioned by top detectives from the FCID in Alagbon, Ikoyi, Lagos.

In the meantime, the Police accused the alleged fraudsters on three counts.

In the allegation, the police said that the fraudsters and other others who are still at large had planned to defraud Union Bank Plc out of N1, 626,139,795 billion.

They were also charged with stealing the aforementioned sum from the bank. The offenses, according to the police, are against the law and punishable under sections 390 (a) of the Criminal Code Cap C38 Laws of the Federation of Nigeria 2004 and sections 8(a), 1(a), (c), & 1(2) of the Advance Fee Fraud and other Related Offenses Act, 2006.

The police informed the court that the alleged fraudsters had left the nation and that efforts were being made to apprehend them and return them to Nigeria; however, no date had been set for their arraignment.