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 Quickteller 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 customer’s 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.
The EFCC has so far confiscated the following property, which are proceeds of the crime: one uncompleted 59-room self contain hostel, a twin bungalow in Oghara, Delta State, one uncompleted hotel project, one bungalow with a swimming pool in Ughelli, a bungalow in Agbaro , one Toyota Venza 2010 model, two Toyota Solara cars 2010 model, two Toyota Camry cars, 2010 model and two Honda Accord cars, 2005 model…… n 2 private jets……