10million Naira fraud in United Bank for Africa

A staff of UBA Plc , Romeo Omenogor was sentenced to 10 years in jail for a N10m fraud. The judgment  was delivered on Wednesday,  Feburary 15, 2012 by Justice Joseph Oyewole who also ordered 38-year-old Omenogor to pay the bank the sum of N6.6m as restitution.

Omenogor who was in IT dept used his knowledge of systems and his position to transfer the money into his accomplice's account (Francis Ineh) without authorization at the Ugbowo Branch of the bank in Benin. Ineh went ahead to withdraw the money in FESTAC Town branch of the bank in Lagos.  

BTW, I heard this happened over 4yrs ago and the accused has been in the kirikiri maximum security prison while the trial progressed. Now he has it!!

A lot of financial institutions have had cases like this and i believe they should all make extra efforts to create road blocks for people like Romeo. It is only GREED that will make you take another man's property (money in this case). Is it worth the shame he has brought to his family?!