The Economic and Financial Crimes Commission, EFCC, have arrested and arraigned a popular female banker and former staff of First City Monument Bank, Oluwatoyin Jinadu.
She was arraigned on Thursday before Justice Adebunkola Banjoko of the FCT High Court on a 20-count charge of forgery and theft of customers funds to the tune of N52m.
“That you Oluwatoyin Jinadu on or about 25th February 2010 in Abuja within the jurisdiction of this Honorable Court, while working as a staff of First City Monument Bank stole the sum of N20,485,961.13 belonging to one Josephat Okoye and thereby committed an offence punishable under Section 287 of the Penal Code Act,” one of the charges read.
When the charges were read to her, Oluwatoyin pleaded not guilty.
Justice Banjoko granted her bail in the sum of N5m with two sureties in like sum. The sureties must be gainfully employed and resident in Abuja with evidence of residency provided. They are to depose to an affidavit of means and provide evidence of payment of three years tax.
The sureties are also to deposit their international passports with the court and submit a passport photograph each. However, Oluwatoyin will remain in the custody of the EFCC until she meet her bail conditions.
It was gathered that the offence for which Oluwatoyin is standing trial carries a minimum sentence of 14 years imprisonment under Section 364 of the Penal Code Act.
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