E-Financial
EFCC Arraigns 5 Bank Staff for Allegedly Stealing Dead Customers’ Money
Economic and Financial Crimes Commission (EFCC) has arraigned five workers of Fidelity Bank Plc before Justice Archibong Archibong of the Akwa Ibom State High Court sitting in Uyo over a diversion of dead customers’ money for personal use.
The accused were arraigned on a 23-count charge bordering on conspiracy, forgery, obtaining by false pretence and criminal conversion of depositors’ funds to the tune of N37,690,000.
The accused were identified as Mbong Essien, Akwa Akwa, Precious John, Kenneth Udoetuk and Ubong Udom.
According to the anti-graft agency, the Uyo Zonal Office uncovered the criminal syndicate of bankers which specialises in forging signatures of deceased bank customers and stealing from their accounts.
EFCC said the suspects also executed fraudulent financial transactions, including unauthorised debits of depositors’ funds.
“The management of Fidelity Bank Plc, Abak Road branch in Uyo and 72 of the bank customers had in a petition dated December 9, 2019, alerted the Commission of suspicious withdrawals from customers’ accounts, including that of a deceased customer.
“Investigation by the EFCC revealed that Mbong used his position as the Head, Operations and Transaction Service and Delivery, to establish a criminal syndicate that specialised in perpetrating the fraudulent transactions and deductions.
“Further investigations also showed that without the authorisation or knowledge of the management of the bank, the defendants managed a fictitious fixed deposit account with interest accruing to it,” an EFCC statement read in part.
One of the charges reads: “Mbong Emmanuel Essien ‘M’, Ubong Godwin Udom ‘M’ and Akwa Ephraim Akwa ‘M’ being staff of Fidelity Bank Plc, Abak Road branch, sometime in June 2019 at Uyo within the jurisdiction of this Honourable Court did steal the sum of N10,000,000.00 (Ten million naira) only, from the Fidelity Bank account of Arit Jeremiah Eshiet, which proceeds you fraudulently converted to your personal use and thereby committed an offence.”
According to EFCC, the offence is contrary to Section 392 (1) and punishable under Section 399 of the Criminal Code CAP 38 Vol. II Laws of Akwa Ibom State of Nigeria 1999.
They pleaded “not guilty” to the charges.
In view of their pleas, counsel for the EFCC, Nwandu K. Ukoha, prayed the court for a trial date and for the defendants to be remanded in the custody of the Nigerian Correctional Service.
Justice Archibong adjourned the matter to June 1, 2, and 3, 2020, for hearing, while the defendants were remanded in the custody of the Nigerian Correctional Service, pending the hearing of their bail applications.
E-Financial
Kekere-Ekun, CJN Blames Reliance on Telecom Services for Online Banking Glitches
Kudirat Kekere-Ekun, chief Justice of Nigeria and chairman of the Board of Governors, National Judicial Institute Justice has blamed telecommunications companies for the glitches experienced in the country’s banking sector.
Kekere-Ekun said this in her keynote address at the 2024 National Workshop for Justice and Judges on Legal Issues in Telecommunications with the theme, ‘The Role of the Judiciary in Accelerating Digital Transformation in Nigeria.’
The blame on telcos comes in the wake of multiple glitches in online services. On August 14, 2024, customers reported that the Guaranty Trust Bank (GTBank) website was down, leading to speculation that it had been cloned and customer data intercepted.
The CJN said, “I will like to quickly bring our attention to two issues which I consider to be pivotal and which revolve around cyber security and the attendant challenges of exploring the digital space.
“The first is the increased risk of the personal data of consumers being misused or compromised by unscrupulous persons, thus necessitating the need for improved strategies and innovation for consumer protection in the telecommunications sector.
“Also, worth noting are deficiencies in the Banking Sector and which are attributable to reliance on digital services provided by the Telecommunications Sector. There is for instance the major challenge posed by electronically backed transactions which is commonplace in the Banking Sector.”
The CJN said these glitches have led to several issues including hacking of online banking platforms as well as banks being compromised.
“Concerns in this regard include the spate of customers whose online banking platforms have been hacked, as well as banks being compromised due to technological glitches not factored into their day-to-day operations. Consequently, these and several other challenges have resulted in a number of disputes which frequently require adjudication,” she said.
Kekere-Ekun said the deployment of technology in telecommunications plays a pivotal role in the advancement economic system of any country.
She, however, said there is a need to proffer solutions to legal issues arising from digital services provided by the telecommunications sector.
“It is also my expectation that the forum will equip Judicial Officers with the technical skills required for adjudicating disputes arising from the sector and keep them abreast with global standards and best practices,” she added.
E-Financial
Ecobank Serves Customers Notice of Planned Service Disruption
Ecobank Nigeria has alerted its customers to an upcoming brief service disruption due to scheduled system maintenance on its card services.
The maintenance is set to occur from 11:00 p.m. on Thursday, November 7, 2024, until 1:00 a.m. on Friday, November 8, 2024.
In a notification to customers, the bank explained that during the maintenance window, cardholders might experience intermittent issues when using Ecobank cards on other banks’ channels.
However, the bank said all its specific channels, including ATMs and POS terminals, will remain operational.
Additionally, other digital platforms—such as the Ecobank Mobile App, USSD *326#, Ecobank Online, Omni Lite, and Omni Plus—will be fully accessible throughout the maintenance period.
The bank expressed apologies for any inconvenience, reaffirming its commitment to providing seamless banking experiences across Africa.
E-Financial
Zenith Bank Commends Customers After Successfully Unveiling Upgraded Enhanced Tech infrastructure
Zenith Bank Plc has announced that it now boasts the best technology infrastructure in the banking industry, positioning itself to provide an exceptional customer experience and superior service delivery moving forward. This upgrade follows a recent comprehensive technology enhancement.
The bank expressed its heartfelt gratitude to customers for their support and patience throughout the upgrade process, while also extending apologies for any inconveniences experienced during this time.
This announcement was made in a social media post on Wednesday, signed by Dame Dr. Adaora Umeoji, OON, the Group Managing Director/CEO.
In her message, the GMD/CEO emphasized the bank’s commitment to delivering an unparalleled service experience, stating, “We undertook this upgrade to ensure we can offer our customers the best possible service.”
Umeoji pledged that Zenith Bank will continue to innovate, ensuring that customer needs are met swiftly, safely, and conveniently.
The post read in part: “On behalf of the Board, Management, and Staff of Zenith Bank PLC, I would like to thank you for your patience and support during our IT infrastructure migration to a new and more robust operating system.
“We are truly grateful for the trust and confidence you have placed in us. The primary reason for undertaking this extensive endeavor was to better position Zenith Bank PLC for improved service delivery to all our valued customers and to create memorable banking experiences at all our touchpoints.
“While I regret the inconveniences and challenges you faced during and immediately after our migration, I am pleased to inform you that Zenith Bank PLC now has the best technology infrastructure in the industry. We are committed to ensuring you experience superior service delivery going forward.
“Rest assured, you remain our top priority, and Zenith Bank will continue to innovate and offer value-added products and services to meet all your banking needs quickly, safely, and conveniently.”
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