Ex-Oceanic bank Manager In Jail For N15m fraud

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                      This banker will spend time in prison for fraud

Efe Egube, a former manager with the defunct Oceanic Bank, is now in jail for allegedly perpetrating a bank fraud totalling a whopping N15million fraud.
A Lagos High Court judge, Justice Olutoyin Ipaye, handed the order on Egube when he was dragged before him by theEconomic and Financial Crimes Commission, (EFCC).
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The 39-year-old Egube who was remanded in the EFCC custody after he was arraigned alongside his firm, Ocean Energy Trading Services Limited, was charged for obtaining money under false pretence, which is popularly called 419, and was alleged to have committed the offence between July 2007 and March 2008.
Prosecuting counsel Ben Ubi, told the court that the defendant committed the crime while he was the manager of the bank’s Eleganza Branch, Apapa.
According to Ubi, the defendant obtained money in various installments from Sanisu Kamba and his company, Aminu Gandi Petroleum Limited, adding that he claimed the money represented part payments for the supply of petroleum products to the complainants, an offence contravening Section 1(3) of the Advanced Fee Fraud and other Fraud-Related Offences Act, 2006.
Egube however pleaded not guilty and was remanded in EFCC custody pending hearing on his bail application fixed for November 12.

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