Keystone Bank Staff Charged With ‘Theft’ Of N3m From ATM

The State Criminal Investigation and Intelligence Department (SCIID), Panti-Yaba, Lagos on Monday charged a Keystone Bank Plc worker, Mrs. Chinonye Okafoagu, for allegedly stealing N3 million from an Automated Teller Machine (ATM).


Okafoagu, 33, was arraigned before Chief Magistrate A. O. Salawu of an Ebute-Meta Chief Magistrates’ Court, on a four-count charge of conspiracy, stealing, forgery and false modification of ATM data.

The police, in a charge marked, N/73/2017, alleged that the banker and others now at large, committed the offence on March 7, last year, at the FESTAC branch of the bank.

The defendant allegedly, without lawful authority, modified the ATM’s data and stopped the machine from dispensing money, “in a bid to steal the N3m.”
Police said the Keystone Bank staff misrepresented herself as, Elizabeth, the woman authorised to handle the bank’s ATM on the said date, and appended her signature in the ATM loading staff register, which she presented to the bank’s management.

The alleged offences contravene and are punishable under sections 409, 285(7), 389(1), and 365(1) of the Criminal Laws of Lagos State, 2015.

Okafoagu pleaded not guilty, The Nation reports.
Chief Magistrate Salawu granted her N500,000 bail with two sureties in the like sum and adjourned till September 25.