NIGERIA (Lagos) –Adeola Olokojobi, a thirty-one year old staff of a new generation bank, has been arrested by the Special Fraud Unit in Lagos, for allegedly stealing more than N50 million from a customer’s account.

Revealing this to newsmen, the Police Public Relations Officer at the SFU, Ngozi Isintume, disclosed that Olokojobi transferred the said sum in various installments into a different account, where it will be withdrawn.

“The bank’s internal investigation into the account showed a forged instruction by the account officer in April 2013 transferring the sum of N15million to an unknown customer account.

Also, the bank discovered other various fraudulent withdrawals made by the account officer from other customers’ accounts in his care through fake transfer instructions amounting to over N50million.”

According to the PPRO at the SFU, Olokojobi confessed to the crime, adding that the funds were used to finance his political campaign, proposed pure water company and purchase of an uncompleted building at Sango-Ota, Ogun State.