Phillip Orumade, a former banker for the First Bank of Nigeria, has been indicted in a Benin City court for allegedly stealing 18 million naira.
According to the report, on Wednesday he was indicted by the Economic and Financial Crimes Commission, EFCC, Benin Zonal Office on a nine count count bordering on theft before Judge Efe I. Ikponmwonba of the Superior Court of the State of Edo, city from Benin.
It is alleged that Orumade, sometime in November 2019, while working as a banker in charge of an ATM, stole a cumulative sum of eighteen million nine hundred and three thousand naira (N18,903,000) from the machine at the Aduwawa branch of the Nigeria’s first bank.
One of the counts says: “That you, Philip Orumade on or about November 2, 2019 in Aduwawa, within the jurisdiction of this Hounourable Court, stole from the ATMs of the Aduwawa branch of the First Bank Of Nigeria a cumulative sum of eighteen million, nine hundred three thousand nairas (N18,903,000) owned by First Bank of Nigeria Plc, contrary to Section 383 of the Bendel State Penal Code Act (as applicable to the State of Edo) and punishable under Section 390 (7) of the same Law ”.
The defendant pleaded not guilty to the charge when it was read to him. In view of his guilty plea, the prosecutor, Ibrahim Mohammed, asked the court to set a date for the trial. However, defense attorney Martha Imafu informed the court of a pending motion for bail. She said the offense was dance and prayed for the court to grant her client bail.
Judge Ikponwonba granted the defendant a bond in the amount of five hundred thousand naira with a bond in the same amount. The bond must reside within the jurisdiction of the court. The case was postponed until January 27, 2021 for the start of the trial.