See How Two Boys Defrauded ECO Bank Of N210 Million

Stanley Odjighere and Igho Timothy Okpekereke,
who in 2014 defrauded a Ecobank of N210m, have
pleaded guilty to a 2-count charge on money
laundering brought against them by the EFCC before
Justice M.S Abubakar of the Federal High Court,
Warri, Delta State.

The duo sometime in 2014 at the Ecobank PLC
Oghara branch, Delta State, cashed on a system glitch
leading to malfunctioning of the Quick teller facility
in the bank’s ATM to defraud the banks by
transferring monies to several accounts.


All the transactions involved were failed transactions
but the monies transferred were not reversed from
the customers accounts. Over N210m was
transferred into their First Bank accounts, which they
laundered through other peoples bank accounts and
later converted to their personal use.