TheCable

A former branch manager of Ecobank Plc, Victor Amushie, has been arrested by the Economic and Financial Crimes Commission (EFCC) for a credit fraud in the sum of N81 million, the commission’s spokesman, Wilson Uwujaren, said on Friday.

Uwujaren said that the suspect allegedly packaged loan facilities for himself, using several names and accounts of some customers of his bank, with whom he shared the proceeds.

“The loans went bad and the bank had to hold Amushie, who was on the verge of running out of the country before being apprehended by operatives of the EFCC,” he said.

“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.”

Uwujaren said Amushie, who is in the custody of the EFCC, would be charged to court as soon as investigation was concluded.