A 36-year-old bank staff, Tosin Adeyemi, was arraigned on Tuesday before a Magistrates’ Court in Ibadan for an alleged fraudulent transfer of N10 million from a customer’s account.

Mr Adeyemi was charged with a one-count offence of fraudulent transfer of customer’s money.

The police prosecutor, Opeyemi Olagunju, told the court that the staff of United Bank for Africa (UBA), Challenge branch, Ibadan, committed the offence between August 12 and 13 at the branch.

Mr Olagunju alleged that the defendant transferred N10 million from the UBA account of one Oladele Quadri domiciled at the branch without the customer’s consent and converted same to his use.

According to the prosecutor, Mr Quadri had gone to withdraw money through the branch’s Automated Teller Machine (ATM) but could not retrieve his card from the machine.

He said the complainant consequently reported the incident at the Customer Care Unit of the branch where Mr Adeyemi asked him to come back the next day.

The prosecutor told the court that when the customer went back two days later, he discovered that N10 million had been withdrawn from his account without his consent.

The police were later invited to the matter, the prosecutor said.

The offence contravenes Section 383 and is punishable under Section 390 (8) (b) (9) of the Criminal Code Laws of Oyo State, 2000.

The defendant however pleaded not guilty to the charge.

The defence counsel, Lekan Idowu, asked for bail for his client on most liberal terms.

He said the defendant had returned N8,750,000 to the customer’s account, remaining N1,250,000 as balance.

The chief magistrate, Olaide Amzat, granted the defendant bail in the sum of N100, 000 with one surety in like sum and adjourned the matter till October 20 for a hearing.