Woman of 67-Years-Old Steals 16 Million From Bank Account

Wuraola Folashade Oluoye a 67 year old woman has been arraigned  at an Igbosere Magistrates' Court, Lagos for hacking a First Bank account and has stolen N16M
67-years Oluloye,  was arraigned on five counts of fraud and fraudulent diversion, according to a charge marked B/33/2019.

According to Nations Report She pleaded not guilty.

Chief Magistrate Folashade Olukoya granted Oluloye N500,000 bail with two sureties in the sum, among other conditions.

She remanded the defendant in Kirikiri Prison, Apapa Lagos pending perfection of the bail terms.

The case continues on 24th of June

Earlier, prosecution counsel George Nwosu said the defendant was arrested following a complaint by First Bank through its Head of the Department of Forensic Auditors, Mr. Solomon Akhanolu.

Nwosu told the court that the defendant committed the alleged offences between last October 16 and December 31, at First Bank 's Agidngbi Branch, Lagos.

The court heard that Oluloye allegedly hacked the account of a First Bank customer, Emefiele Ogbor with account no 3014419974.

She withdrew N16,200,000 and transferred to her accounts in Stanbic IBTC, Union, Sterling and First Banks.

She subsequently withdrew the money from the four accounts and converted it to her use.

First Bank discovered the fraud during an audit and blocked the defendant's bank account.

Shortly after Oluloye showed up at the bank to make withdrawls from her account. Unknown to her Police was waiting and she was arrested.