EFCC Investigates Ex-Banker over Alleged ₦515m Diversion from Customer Account

The EFCC says it is investigating Obinna Nwaobi, a former bank operations head, over the alleged unauthorised diversion of ₦515 million from a customer’s loan repayment account. The commission said it received a petition on June 22, 2026, alleging that three withdrawals were made in July 2024 using forged documents. The bank also alleged that the account was reactivated without the required restriction on withdrawals.

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