NewStats: 3,262,187 , 8,176,375 topics. Date: Sunday, 01 June 2025 at 08:46 AM 323q6r

Access Bank Plc and one of its employees are enmeshed in legal troubles after a four-count charge was filed against them at the Federal High Court over alleged diversion of N825.9 million in state funds into a fraudulent .

The charges, filed by the federal government, followed an investigation by the Independent Corrupt Practices and Other Related Offences Commission (IC), according to court documents seen by this newspaper.

The charges, filed at the Sokoto Judicial Division, accuse Abdulmalik Abubakar, a relationship manager at Access Bank’s Sokoto branch, and the bank itself of conspiracy, money laundering, and concealment of stolen funds.

The state counsel in count one alleged that the defendants created a fake “Internal Revenue Service ” with number 1873016763, through which they received N825.9 million between May 2024 and January 2025, in violation of Nigeria’s Money Laundering Act of 2022 and the Corrupt Practices Act of 2000.

The second count accuses them of allegedly concealing the same funds through the same fraudulent , said to have been created at Access Bank’s Sokoto branch.
According to the court, the bank and Mr Abubakar committed an offence contrary to section 18 (2)(a) and punishable under sections 18(3), 18 (4), 22(1) and 22(2) of the Money Laundering (Prevention and Prohibition) Act, 2022.

In Count Three, prosecutors say the money was fraudulently received through the fake , “thereby committing an offence contrary to section 13 and punishable under section 68 of the Corrupt Practices and Other Related Offences Act, 2000.”

Audience Survey
Count Four alleges that Mr Abubakar and the bank directly concealed the laundered funds, “thereby committing an offence contrary to and punishable under section 24 of the Corrupt Practices and Other Related Offences Act, 2000.”

The state said the money was diverted without authorisation and concealed in breach of anti-corruption and money laundering laws.

Hearing notice
According to a hearing notice signed on 2 May, the case had been moved from the General Cause List to a hearing set for 19 May. It will be heard on that date if the court’s schedule allows; otherwise, it will be postponed without further notice. The hearing may last up to two days.

At the hearing, both parties must present all evidence, including witnesses and documents. Evidence must be submitted during the hearing; failure to do so may result in exclusion or costs.

https://www.timesng.com/news/top-news/795370-access-bank-faces-charges-over-alleged-diversion-of-n826-million.html

Haba Access

Unchecked Employees moving money up and down from one to another is financial recklessness.

See money

Fraudsters have infiltrated into the banking sector, imagine yahoo boys having unfettered access to billions of naira *shudders*. I wonder the kind of background searches banks do on prospective employees before recruiting them.

Access to fraud

lacaseh de pappel

ahh these people are stealing money😫😫

Access Bank has really fallen off

Lori ilo

Banks are bigger fraudsters!

Hmmmm

An officer did this, he couldn't have pulled it off without of top mgt of the bank.
Another proof of CBNs colossal failure in it's oversight functions in the banking sector.

Na so many dirty deals dey take place for every where in Nigeria.

Banks and bankers are worst than Yahoo boys.

I've had a bitter experience with access bank workers and their illegal deductions.

Lol Politicians and the Citizens the same...


Maybe the worst is even yet to come cos the next crop of citizens that will become politicians might be more brutal...

Since Wigwe kpai, Access bank guys don dey misbehave

So you guys just realized what these banks truly are!

Access again?

dominique:
Fraudsters have infiltrated into the banking sector, imagine yahoo boys having unfettered access to billions of naira *shudders*. I wonder the kind of background searches banks do on prospective employees before recruiting them.

That Access bank is notorious for giving customers information to fraudsters and they share the proceeds with the bank officials that give them the info... FG is just waking up ... Or Enfefiele covered up multitude of Access banks sins

Deep

Treasure17:
Access again?

That bank has too many issues

C h a i..










How many people would have been bēhèädèd if Naijay-Area was to be Nọrth Kòrèa?

Hmmmm

Access and GTB? Those 2 banke Eehn! Unfortunately, I dey use the two. Lolzzzzzz.

Most of them have used the money to relocate and buy properties, but God will visit and repay them.

Gbese re oo

hmm

this news makes little sense. Firstly, no bank will open a state without the proper documentation. Secondly, revenue payment s are given to the payers by the state agents, not the bank.
I'd really like to take a look at the case file

dominique:
Fraudsters have infiltrated into the banking sector, imagine yahoo boys having unfettered access to billions of naira *shudders*. I wonder the kind of background searches banks do on prospective employees before recruiting them.

You might be right ▶️.
How can these Funds move into s Unnoticed by the Bank Officials, unless,there is a serious Collusion and Concealment.
What about the Bank KYC- Profiles?
Hope the Banks Management of 'Targets ' given to Staff is not also having a deliberating Effect on the Checks and Balances in Our Banks.

Good that the Feds have sue them

Great thing our Feds are now waking up to their responsibilities like it’s done in other climes.

For the Feds to sue you surely you must have done something

Mopolchi:
Since Wigwe kpai, Access bank guys don dey misbehave

I no agree. Access bank don rotten try try.