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Union Bank Staff Accused of N2bn Fraud, Loses Properties to FG

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A Federal High Court in Lagos has ordered the final forfeiture of assets, luxury vehicles, and cash linked to a massive fraud scheme involving the illegal diversion of funds from Union Bank customers.

Justice Daniel Osaigor granted
the Economic and Financial Crimes Commission (EFCC) application for the forfeiture, citing a detailed investigation that uncovered a fraudulent withdrawal of over ₦2 billion from 575 unsuspecting customers’ accounts.

EFCC’s counsel, Hanatu Kofar-Naisa argued the application urging
the court to permanently forfeit the identified assets as proceeds of unlawful activity, pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and Section 44(2)(b) of the 1999 Constitution (as amended).

She emphasised In her submissions
that the suit was not against any individual but properties acquired through unlawful means, noting that failure to forfeit the assets would amount to rewarding criminal conduct.

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Items forfeited are: A 3-bedroom bungalow at Macedonia Street, Queens Estate, Karsana Gwarimpa, FCT, Abuja, a house at No. 8 Grace Crescent, Efab Queens Estate, Gwarimpa, Abuja, and multiple high-end vehicles including a Mercedes Benz C300, BMW SUVs, Range Rovers, and three Toyota Hilux pickups.

Also forfeited is the sum of ₦326.4 million and $480,000 in cash recovered during the course of investigation.

Report says the application was supported by a detailed affidavit deposed to by Sulaiman Aminu Muhammad, an investigating officer of the anti-graft agency, who described the scale of the fraud as “monumental,” and said the operation targeted dormant or “no-debit” accounts within Union Bank.

According to the affidavit, the EFCC launched its investigation after receiving a formal petition from Union Bank on October 24, 2022, detailing how its systems had been fraudulently manipulated to facilitate unauthorised debits on customer accounts.

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By July 2023, a follow-up petition revealed that the total stolen funds had increased to ₦2,007,000,000, prompting a deeper forensic investigation.

The probe uncovered that the bank’s audit unit had identified suspicious transactions involving 575 accounts placed on a “no debit” status, which were nonetheless debited using methods inconsistent with normal banking procedures.

The EFCC’s investigation revealed that two companies, Actus Homes Limited and Fav Oil and Gas Limited, were central to the scheme, receiving funds from compromised accounts without any legitimate commercial relationship with the customers.

Funds from the compromised accounts were funneled into these entities without any legitimate commercial relationship with the customers.

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Actus Homes Limited was said to have received N681.2 million from 126 customer accounts, while Fav Oil and Gas Limited was said to have received a cumulative ₦1.388 billion from 429 accounts.

Further investigations showed that neither company had applied for or received loans from the bank, nor did they render any service that would justify the inflow of such large sums.

The funds were subsequently used to acquire real estate and luxury automobiles, all now forfeited by the court.

The EFCC said it was able to trace ₦887.4 million that had been transferred into various bank accounts, and also recovered large cash sums, including those discovered in a black Escalade vehicle — now forfeited.

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Union Bank managed to salvage ₦519.1 million, which remained untouched in some of the accounts flagged during the audit.

In line with legal requirements for non-conviction-based forfeiture, Justice Osiagor had earlier granted an interim forfeiture order on May 16, 2025, and directed the EFCC to publish the court order in a national newspaper.

The publication on June 5, 2025, invited interested parties to show cause within 14 days why the properties should not be permanently forfeited. No objections were received.

Having complied with due process and satisfied the court of the connection between the assets and proceeds of fraud, Justice Osiagor granted the EFCC’s final forfeiture request.

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Report says the main suspects in the fraudulent scheme are already facing trial in a separate criminal proceeding.

BACKGROUND OF THE REPORT

KEY PLAYERS INVOLVED
– *Union Bank*: The bank where the fraud occurred, with the incident happening on March 23, 2025.
– *EFCC (Economic and Financial Crimes Commission)*: The agency investigating the fraud.
– *Suspects*: Several individuals, including former Union Bank staff member Abdulmalik Salau, Ismaila Yousuf Atumeyi, and Ngene Joshua Dominic, were arraigned for alleged cybercrime and money laundering.

HOW THE FRAUD UNFOLDED

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The fraudsters exploited a critical system glitch in Union Bank’s database, siphoning funds in small, deliberate transactions to avoid detection. They funneled the stolen money into 54 different financial institutions.

INVESTIGATION AND LEGAL ACTION

The EFCC launched an investigation after receiving a formal petition from Union Bank. They froze accounts linked to the fraud and recovered some of the stolen funds. The court granted a Post No Debit (PND) order, preventing further withdrawals from the implicated accounts.

PREVIOUS SIMILAR CASES

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In 2020, the EFCC secured the conviction of Abass Mohammed and a Bureau De Change (BDC) operator, Ibrahim Saidu Jogal, who connived to hack into Union Bank’s database and defrauded the bank of ₦2.55 billion. channels online

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LP Approves Dr Chibuzo Okereke As 2027 Presidential Candidate

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By Kayode Sanni-Arewa

The Labour Party(LP) has formally presented Dr. Chibuzo Okereke as its presidential candidate for the 2027 general election, following what the party described as a broad-based consensus among its members and stakeholders.

The announcement was made in Abuja on Friday, May 30, 2026, with party leaders expressing confidence in Okereke’s capacity to provide the visionary leadership needed to address Nigeria’s governance and development challenges.

National Publicity Secretary of the party, Ken Eluma Asogwa in a statement indicated that Dr. Okereke is a renowned governance expert, policy strategist, and reform advocate whose contributions to public policy, legislative governance, and institutional development have earned him national recognition.

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He currently serves as President of ERGAF-AFRICA Legislative Governance Innovation and Policy Hub, a leading policy and legislative research institution. He is also a legislative consultant to key committees and ranking members of the National Assembly, where he provides expert guidance on governance and public policy matters.

In addition, Dr. Okereke is a Resident Lecturer in the Department of Public Policy and Administration at Miva Open University, Abuja, where he is involved in training future public sector leaders and policy professionals.

A distinguished scholar, Okereke holds a PhD in Legislative Governance Studies, as well as Master’s degrees in Public Administration and Legislative Studies, both obtained with distinction

His expertise in governance, accountability, and national development has made him a respected voice on major national and international media platforms.
Beyond academia and policy advocacy, the Labour Party noted that Dr. Okereke has demonstrated a strong commitment to youth empowerment, educational advancement, and democratic reforms.

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The party described him as a leader whose intellectual capacity, integrity, and dedication to public service align with its vision for a more accountable, competent, and prosperous Nigeria.

The party expressed optimism that his candidacy would inspire Nigerians seeking transformational leadership ahead of the 2027 presidential election.

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Nigerian Catholic priest convicted of sexual assault in US

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A Texas jury has convicted former Roman Catholic priest Anthony Odiong of sexually assaulting women to whom he provided spiritual direction, concluding a closely watched case involving allegations that he abused his position as a clergyman to pursue sexual relationships with vulnerable parishioners.

The jury, comprising eight women and four men, found Odiong, 57, guilty of one count of first-degree sexual assault and two counts of second-degree sexual assault involving two women who testified during the trial in Waco.

Odiong, who pleaded not guilty, now faces a possible life sentence on the first-degree charge. Sentencing proceedings are scheduled to begin Monday before the same jury. The second-degree convictions each carry potential prison terms ranging from two to 20 years, The Guardian reports.

Jurors deliberated for about two hours before returning their verdict.

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The case initially included allegations involving a third woman, but prosecutors Ryan Calvert and Liz Buice dropped that portion of the case after the complainant, described as being in an “extremely emotionally fragile” state, did not appear in court to testify. Prosecutors said they chose not to compel her appearance, citing her “extremely tenuous” emotional condition.

According to courtroom accounts, Odiong showed little visible reaction as Judge Thomas West read the verdict. He reportedly looked straight ahead during the proceedings before lowering his head as deputies escorted him from the courtroom.

The prosecution stemmed from allegations first brought to public attention in February 2024 by a group of women who accused Odiong of sexual coercion, unwanted touching and abusive financial control while serving as a Catholic priest in Texas and later in Louisiana.

One of the complainants, identified by the pseudonym Mary Doe, later presented a copy of a media report detailing the allegations to Waco police and accused Odiong of assaulting her over three years beginning in 2008.

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Investigators subsequently identified a second complainant, known as Jane Doe, who also alleged abuse during the same period while Odiong served in the Waco area. Authorities said additional reports from other women helped establish probable cause for his arrest and prosecution despite the age of the allegations.

During the trial, Mary Doe testified that Odiong initiated a long-term sexual relationship with her while acting as her spiritual adviser as she navigated a difficult divorce and cared for seven children. She and one of her sons told jurors that the child once discovered them having sexual intercourse in her bedroom following a family gathering.

Jane Doe testified that she sought spiritual guidance from Odiong while trapped in an abusive marriage. She alleged that he pressured her to permit sexual acts with her husband that she found painful and then required her to discuss the encounters with him. Prosecutors argued that such conduct constituted sexual assault under Texas law even though Odiong was not directly involved in the sexual activity.

Both women said they met Odiong while he served at St Peter Catholic Center in Waco, a church frequented by students and employees of Baylor University. Their former husbands were Baylor employees, placing them within Odiong’s pastoral reach.

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Jurors also heard evidence that DNA testing established Odiong had fathered a child in 2023 with a woman identified as Presley Jones, whom he had counselled spiritually while serving as pastor of St Anthony of Padua Church in Luling, Louisiana.

Although Odiong was not charged in connection with Jones because Louisiana lacks a law similar to Texas’ clergy sexual assault statute, prosecutors argued that the child demonstrated a pattern of sexual relationships with women he met through his ministerial work.

Expert witnesses told the court that clergy members bear responsibility for maintaining professional and spiritual boundaries with those under their care. Jurors also heard testimony regarding the Catholic Church’s requirement that priests remain celibate.

The defence called only one witness, a former parishioner, who testified about Odiong’s character and recalled attending a 2011 gathering at Mary Doe’s home. Under cross-examination, however, the witness acknowledged that Odiong’s conduct fell short of expectations for a religious leader.

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Odiong, a naturalised United States citizen, was ordained a Catholic priest in 1993 in his native Nigeria. He was transferred to the Austin Diocese region, which includes Waco, in 2006 under then-Bishop Gregory Aymond.

After studying in Rome, Odiong moved to Luling in 2015, by which time Aymond had become Archbishop of New Orleans.

Church officials in Austin later said they suspended Odiong from ministry in 2019 over allegations involving multiple women. The suspension was not publicly announced at the time, though officials said New Orleans church leaders were informed. Archbishop Aymond did not publicly disclose a similar suspension in New Orleans until late 2023.

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‘So much injustice going on in Nigeria’ – British rapper Skepta

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British-Nigerian rapper, Joseph Adenuga, popularly known as Skepta, has expressed deep concern over the worsening injustice in his Nigeria.

Speaking in a video broadcast, the ‘Bad Energy Stay Far Away’ crooner appealed to celebrities and the international community to assist Nigerians in drawing the global attention to the injustices in Nigeria.

He explained that Nigerians are resilient but have been suffering injustice for long.

“There is so much injustice in Nigeria. And whenever I can whether it is at my shows, verbally or images, whatever I can do, we are going to speak up for injustice at all time.

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“Nigerians need help. We need people to speak up for us as well. We need to protect Nigerians. There is so much injustice in Nigeria.

“This is my message to the people; please, I know that we [Nigerians] are resilient and we make everything look good, but we need help, too. Please, help us,” he appealed.

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