Barely days after Unity Bank’s Head Office was gutted by fire, a manager of the financial institution has been arrigned for fraud.
Adam Kaka Adam was arriagned on Thursday, September 26, before Justice Ibrahim Jauro of the Yobe State High Court, Damaturu, on one-count charge, bordering on criminal misappropriation to the tune of N11, 657, 500.00 (Eleven Million Six Hundred and Fifty-seven Thousand Five Hundred Naira).
Adam a former Service Manager in charge of Vault Room and Automated Teller Machine (ATM) in Unity Bank Plc, Damaturu Branch, Yobe State was arrigned following investigation by the Maiduguri Zonal Office of the Economic and Financial Crimes Commission, (EFCC).
The EFCC received a petition against Adam from Unity Bank Plc, alleging criminal misappropriation of the said sum, meant for the ATM machines of the branch.
According to the petition, Adam dishonestly converted the said sum to his personal use.
The charge reads: “That you, Adam Kaka Adam, while being the Branch Service Manager with Unity Bank Plc, Damaturu, Yobe State, in charge of the Vault Room and Automated Teller Machines (ATM), sometime in 2017 at Damaturu, Yobe State within the jurisdiction of this honourable court and in such capacity dishonestly took the sum of N11, 657, 500.00 (Eleven Million Six Hundred and Fifty Seven Thousand Five Hundred Naira) only, being the property of Unity Bank Plc without its consent and with intention of permanently depriving it of the said sum and thereby committed an offence contrary to and punishable under Sections 286(1) and 287 of the Penal Code Law, Laws of Yobe State of Nigeria respectively.”
The defendant pleaded not guilty to the charge. Following his plea, prosecution counsel Khalid Sanusi prayed the court for a trial date and for the defendant to be remanded in prison custody.
Justice Jauro admitted the defendant to bail in the sum of N1million with two sureties in like sum and adjourned the matter to October 15, 2019 for commencement of trial.
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