A former new generation bank manager in the Iju branch, Abiodun Sanni, was on Monday remanded in the correctional centre by a Lagos State Special Offences Court, in Ikeja, over alleged N122,011,441 fraud.
Sanni was arraigned on 16 counts bordering on obtaining credit by false pretences, forgery, use of false documents and stealing by the Economic and Financial Crimes Commission.
The EFCC’s prosecution counsel, O. Adewunmi, told the court that Sanni committed the offences on or about February 24, 2020, in Lagos.
Adewunmi told the court that the defendant while he was the bank manager of the lju branch of Polaris Bank Limited, obtained credit in the form of a loan in the sum of N17m, for one Bamgbose Tayo Taofia trading under the name and style of Banut Haulage.