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    Banker Indicted Over Alleged N46m Theft In Delta

    A 39-year-old banker, Osazuwa Obarisiagbon, has been arraigned at a Chief Magistrate Court in Effurun, Delta State, for allegedly defrauding a customer to the tune of N46.4 million.

    Obarisiagbon, a staff of a new generation bank located at Effurun, near Warri, the state capital, was accused of conspiracy and stealing of the said sum of money belonging to Wellington Hotel Ltd, Effurun.

    The prosecuting counsel, Vincent Orawemen, told the court that the suspect and others, now at large, committed the offence between December 2015 and November 2016, noting that the offences were punishable under Sections 516, 390 (8)(b) and (9), 516, 467 (4)(u), 516 and 484 of the Criminal Code, Cap C 21, Vol. 1 Laws of Delta, Nigeria, 2006 respectively.

    At the commencement of proceedings, the presiding Chief Magistrate, Ena Odjugo struck out names of the other three defendants on the charge sheet Number ME/77C/2021 following the submission made by the prosecuting counsel.

    However, the suspect, who appeared on a six-count bordering on offences of conspiracy, stealing, forgery, falsification of documents, personating and fraud, pleaded not guilty to all the counts.

    The defence counsel, Sanchez Agumor, made an oral application for bail on behalf of his client which was consequently granted on the conditions that the accused should produce two sureties, one of them a banker; while the other, a businessman and N15 million in like no sum.

    The businessman must in addition have a landed property within the Court’s jurisdiction.

    Chief Magistrate Odjugo has since adjourned hearing in the case till August 4 and 5, 2021

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