EFCC hands over forfeited asset to Skye Bank

EFCC hands over forfeited asset to Skye Bank

Tuesday, February 16, 2016 7:46 pm


The house at Mowe handed over to Skye bank officials

The house at Mowe handed over to Skye bank officials

 

The Economic and Financial Crimes Commission (EFCC) today   handed over a forfeited asset of an uncompleted 3 Bedroom bungalow  to Skye Bank Plc.
The building was recovered from a former staff of the bank, Seun Odunayo from  Sagamu in Ogun State.
Odunayo was reported by the bank to EFCC following a complaint by one of its customers that  N8, 829, 650 (Eight Million, Eight Hundred and Twenty Nine Thousand, Six Hundred and Fifty Naira) was not credited into his account after he made a deposit at the bank. Odunayo was  the cash officer of the bank.
The bank further alleged that customer’s daily sales proceed meant to be lodged into the customer’s account which were picked from over four outlets were not credited.
Odunayo was later arrested by Operatives of the EFCC at his residence in Sagamu and charged to court.

He was arraigned on November 1, 2012 before Justice O. A. Akinlade of the Lagos State High Court, Ikeja on a 39-count charge bordering on fraudulent accounting and stealing, contrary to the Criminal Code Law of Lagos State.

An EFCC official examines the house before the handover

An EFCC official examines the house before the handover

He pleaded not guilty. As trial progressed, he changed his plea.
 
On February 17, 2014 based on the guilty plea, Justice Akinlade sentenced Odunayo to 3 years imprisonment without an option of fine on each of the 39 counts which were to run concurrently commencing from November 1, 2012 when he was remanded in prison custody.
The court also ordered that his property, an uncompleted 3 bedroom bungalow at Bisodun area at Ofada, Mowe, Ogun State acquired from the proceeds of the fraud be forfeited to the complainant.
Kaina Garba, a senior detective superintendent from the Asset Forfeiture Unit of the EFCC in Lagos, formally handed over the property to Skye Bank Plc officials represented by Kayode Taiwo, Tamuno Douglas and Adekunle Juba.
In a show of appreciation the officials thanked the Commission for a job well done
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