Access Bank Enmeshes In Internal Fraud Case As N294. 5 Million Alleged Theft Raises Dust

<h4>Access Bank Enmeshes In Internal Fraud Case As N294&period; 5 Million Alleged Theft Raises Dust<&sol;h4>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that Access Bank is currently entangled in internal fraud crises&period;<&sol;p>&NewLine;<p>According to the story&comma; a former staff member of Access Bank Plc&comma; Chinonso Akujobi&comma; has been arraigned by the Economic and Financial Crimes Commission &lpar;EFCC&rpar; over the alleged misappropriation of N294&period;5 million belonging to the financial institution&period;<&sol;p>&NewLine;<p>Akujobi appeared before Justice Ismail Ijelu of the Lagos State High Court&comma; Ikeja&comma; on a five-count charge relating to alleged stealing and fraudulent diversion of Access bank funds&period;<&sol;p>&NewLine;<p>According to the EFCC&comma; the defendant allegedly exploited his position at the Access bank to transfer money from the institution’s general ledger into accounts linked to himself and other individuals&comma; resulting in a total alleged loss of N294&comma;595&comma;992 million&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;36163" aria-describedby&equals;"caption-attachment-36163" style&equals;"width&colon; 196px" class&equals;"wp-caption alignnone"><img class&equals;"size-medium wp-image-36163" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2026&sol;07&sol;IMG-20260710-WA0048-196x300&period;jpg" alt&equals;"Access Bank Emershes in internal fraud case as N294&period; 5 million alleged theft raises dusts" width&equals;"196" height&equals;"300" &sol;><figcaption id&equals;"caption-attachment-36163" class&equals;"wp-caption-text"><em><strong>Access Bank Emershe in internal fraud over N294&period; 5 million alleged theft <&sol;strong><&sol;em><&sol;figcaption><&sol;figure>&NewLine;<p>The Commission further alleged that part of the funds&comma; amounting to over N109 million&comma; was transferred through unauthorized transactions into Access Bank accounts bearing the names Chinonso A&period;&comma; Uchechi A&period;&comma; and Florence A&period;&comma; between January and December 2025&period;<&sol;p>&NewLine;<p>The defendant pleaded not guilty to all the charges&period;<&sol;p>&NewLine;<p>Following his plea&comma; the prosecution requested that he be remanded pending trial&comma; while the court adjourned the matter until October 8&comma; 2026&comma; for the hearing of his bail application and commencement of trial&period;<&sol;p>&NewLine;<p>Justice Ijelu subsequently ordered that the defendant be remanded at the kirikiri Correctional Centre until further proceedings&period;<&sol;p>&NewLine;<p>One of the counts read&comma; &OpenCurlyDoubleQuote;That you&comma; Chinonso Akujobi&comma; sometime between January and December&comma; 2025&comma; in Lagos&comma; within the jurisdiction of this Honourable Court&comma; with a dishonest intent&comma; and while under the employment of Access Bank Plc&comma; stole and converted for your own use&comma; by unauthorized payments from the general ledger of the bank to your Access Bank account number 0036668871 with the name Chinonso A&period;&comma; Uchechi A&period; and Florence A&comma; the sum of N109&comma;325&comma;566&period;86 &lpar;One Hundred and Nine Million Three Hundred and Twenty-five Thousand Five Hundred and Sixty-six Naira Eighty-six Kobo&rpar;&comma; thereby committed an offence stealing&comma; contrary to Section 280 and punishable under Section 287 of the Criminal Law of Lagos State&comma; 2015&period;”<&sol;p>&NewLine;