6 suspects in EFCC's net for ₦5.5m bank fraud ( See press release)

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A press statement from the Economic and Financial Crimes Commission. Find it below...
Five persons have been arrested by the Economic and Financial Crimes Commission, EFCC, over allegation of fraudulent transfer of a total of N5, 550,000.00 (Five Million, Five Hundred and Fifty Thousand Naira) from an account in Skye Bank.
The suspects, Ademola Okunlola, 36; Tajudeen Oluwanisola, 41; Kolawole Adams, 52; Temitope Pedro, 27; Bayo Olowoyo, 39 and Otunba Biodun Adebanjo, 56, were picked up in different locations in Lagos by operatives of the anti- graft agency for allegedly effecting the fraudulent transfer of N5, 550,000.00 from the account of one Ajani Kareem Musibau domiciled in Skye Bank Plc. .........
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The fraudulent transfers took place on March 3, 2014. One of the suspected fraudsters, Ademola Okunlola, a staff of Skye Bank, Ikeja Branch, Lagos, set the stage for the scam when he covertly used his camera phone to capture the photograph and signature specimen of Musibau.  He accessed his account and sent the details to another staff of the bank: Bayo Olowoyo at the Toyin Street, Ikeja branch.

The duo reportedly sent Musibau's photograph and signature specimen to a member of their syndicate who effected the money transfer into two accounts: N4.1Million( Four Million, One Hundred Thousand Naira) was moved into Adebajo Biodun Olusola's account with Wema Bank, Shagamu branch, Ogun State while N1,450,000.00( One Million, Four Hundred and Fifty Thousand Naira only) was moved into another account operated by Temitope Pedro with Guaranty Trust Bank, Ikeja branch.

The suspects were arrested following a petition by the bank.
They will be arraigned in court as soon as investigation is concluded.

Wilson Uwujaren
Head, Media & Publicity
29th April, 2014