In his testimony about the alleged fraud matter of Frank Bioh, an alleged Ghanaian businessman who attempted to withdraw the sum of three hundred and eighty million (Le380m) from Vita Foam Account , Mr Ogunfeyitimi further informed the court that the said virtual credit that was created by Zenith Bank was channel through Keystone Bank where the accused was recognized and arrested.
In his submission to the court, the CEO of Vita Foam company furthered that on the 28th April 2016, he received information from the Head of Treasury, Zenith Bank to confirm the transfer of the said amount from the company’s account based on the instruction of the company.
While explaining the several procedures of carrying out instructions with regards to cash transfer from the company’s account, Mr Ogunfeyitimi maintained that the said amount that was alleged to have been withdrawn exceeded the company’s current account balance, adding that the company has both Leones and United States Dollar accounts at Zenith Bank and Union Trust Bank.
”I noticed some inconsistence of certain information such as the company’s email address and I also observed that the signatures were forged, looking at the way the instructions were drafted I immediately contact my boss in Nigeria. ” Mr Ogunfeyitimi stated, adding that after a thorough examination of the various documents that was forwarded at Zenith Bank by the accused, he noticed that the instructions looks exactly like the last instructions from the company with regards to cash transfer.
Mr Ogunfeyitimi denied knowing the accused until the day he was arrested at the Keystone Bank, pointing out that the same instructions were sent to Guanrantee Trust Bank to debit the sum of ninety-five thousand United States Dollars from the company’s account to the same person in question.
The accused was denied bail and the matter will come up on 8th June 2016.
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