Pic : Former Ecobank manager arrested for N81 million fraud

The Econominc and financial crimes commission(EFCC) has arrested a former branch manager of Ecobank, Mr. Victor Amushie for committing fraud in the sum of  N81,024,750.

Amushie committed the credit fraud by packaging loan facilities for himself using several names and accounts of customers in the bank with whome he shared the profits with.(continue)

According to Wilson Uwujaren, EFCC's head of media and publicity, Amushie's loans went bad and the bank had to hold him. The bank was lucky as he was on the verge of running out of the country before being apprehended by operatives of the EFCC.

Details of the loan disbursement showed that he granted a total sum of N57, 979, 024. 07 to Onezh Oil and Gas Limited; N11, 317, 562.73 to Esubeb Staff Multipurpose Cooperative and N11, 728, 162. 48 to Ogochukwu Amanda