UNITY BANK OF TROUBLE: EFCC DOCKS BANKER FOR MULTI-MILLION NAIRA FRAUD

The Maiduguri Zonal Office of the Economic and Financial Crimes
The commission, EFCC, on Thursday, September 26, 2019, arraigned one Adam
Kaka Adam before Justice Ibrahim Jauro of the Yobe State High Court,
Damaturu, on a one-count charge, bordering on criminal misappropriation to
the tune of N11, 657, 500.00 (Eleven Million Six Hundred and Fifty-seven
Thousand Five Hundred Naira).
Adam was a former Service Manager, in charge of Vault Room and Automated
Teller Machine (ATM) in Unity Bank Plc, Damaturu Branch, Yobe State.

Trouble started for him when the EFCC received a petition against him
from his employer (Unity Bank Plc), alleging criminal misappropriation
of the said sum, meant to be fed the ATM machines of the branch which he
is alleged to have dishonestly converted to his personal use.

The charge reads: “That you, Adam Kaka Adam, while being the Branch
Service Manager with Unity Bank Plc, Damaturu, Yobe State, in charge of
the Vault Room and Automated Teller Machines (ATM), sometime in 2017 at
Damaturu, Yobe State within the jurisdiction of this honorable court
and in such capacity dishonestly took the sum of N11, 657, 500.00
(Eleven Million Six Hundred and Fifty-Seven Thousand Five Hundred Naira)
only, being the property of Unity Bank Plc without its consent and with
the intention of permanently depriving it of the said sum and thereby
committed an offense contrary to and punishable under Sections 286(1)
and 287 of the Penal Code Law, Laws of Yobe State of Nigeria
respectively.”

The defendant pleaded not guilty to the charge. Following his plea,
prosecution counsel Khalid Sanusi prayed the court for a trial date and
for the defendant to be remanded in prison custody.

Justice Jauro admitted the defendant to bail in the sum of N1million
with two sureties in like sum and adjourned the matter to October 15,
2019 for the commencement of trial.