Ex-bank Director Remanded Over Alleged N280 million Theft

Paul Iyoghojie

A former Director with the Mainstreet Bank Registrars Limited, Olufemi Charles Olanihun, 47, has been arrested and arraigned before a Lagos Magistrate Court for allegedly withdrawing the sum of N280 million from the account of Mainstreet Bank Registrars Limited without authority and converted same to personal use.

The accused was arrested by the operatives of the Force Criminal Investigation and Intelligence Department, FCIID, Alagbon Close, Ikoyi, Lagos.

The police arraigned the suspect before an Igbosere Magistrate Court on a two-count charge of felony to wit stealing.

Police prosecutor, ASP Henry Obiazi inform the court in charge No H/20A/2017 that the accused committed the alleged offence with others still at large between December 2016 and February 2017 in Gbagada Area of Lagos State.

Obiazi told the court that the accused used his position as a…