Connect with us

Society

EFCC Grills Ex-Banker Over Alleged Diversion Of Customer’s N515m

Published

2 hours ago

on

1793313440 EFCC
FacebookX

The Economic and Financial Crimes Commission (EFCC) has begun investigating a former financial institution operations supervisor, Obinna Nwaobi, over the alleged unauthorised diversion of N515m from a buyer’s account in Enugu.

The EFCC stated its Enugu Zonal Directorate commenced the investigation following a petition submitted by the financial institution on June 22, 2026, accusing Nwaobi of authorising the switch of the funds from a Debt Service Reserve Account (DSRA) belonging to DAHUA Paper Company.

According to the petition, the cash was transferred in three separate transactions of N200m, N150m and N165m on July 17, 2024.

The financial institution alleged that the transactions have been carried out via its Okpara Avenue department in Enugu utilizing solid paperwork and have been authorised by Nwaobi, who was then its Head of Operations.

The petitioner stated the account was reactivated in June 2024 however was not positioned on Post No Debit (PND) standing as required, permitting the alleged fraudulent withdrawals to happen.

Preliminary investigations by the EFCC reportedly confirmed that the account was used for the reimbursement of a Bank of Industry mortgage and was not supposed for withdrawals or transfers to 3rd events with out approval from the Account Officer, Regional Manager and Credit Monitoring Team.

The fee stated the transactions have been allegedly carried out utilizing solid paperwork and authorised by Nwaobi regardless of the restrictions governing the account.

Nwaobi can also be dealing with trial over the alleged unauthorised withdrawal of $510,000 belonging to a different buyer of the identical financial institution, Lantern Gate Nigeria Limited.

The EFCC stated he was arraigned earlier than a Federal High Court in Enugu on November 13, 2025, on a nine-count cost bordering on forgery and legal diversion of the funds.

The financial institution had alleged that the $510,000 was transferred to 6 completely different accounts with out the shopper’s approval, with Nwaobi allegedly authorising the transactions.

The EFCC stated Nwaobi could be charged to court docket over the N515m allegation after investigations are concluded.

Related Topics:

I am a seasoned journalist known for my incisive reporting and unwavering commitment to journalistic integrity. As a key member of the nop.ng team, I specialize in delivering balanced coverage of socio political developments and cultural affairs throughout Nigeria. Driven by a passion for uncovering the truth regardless of the complexity of the issue I have established myself as a trusted voice in Nigeria’s dynamic media landscape, continually striving to empower my audience with clear, contextually rich news.

Trending