Nice Microfinance Bank Staff In 1.2million Naira Fraud Mess

An employee of Nice Micro finance Bank LTD, Awka Branch, Miss Mercy Ewute has defrauded the bank to the tune of 1.2million naira. The staff, a marketer, whose part of her job is going out to the field and collecting deposits from the Bank’s customers was said to have collected money from customers, without remitting same to the Bank. 



Speaking with one of the staff of the Bank who pleads to remain anonymous, the staff confirmed to Micro finance Times of the fraud. According to him, Mercy has traits of fraud in her as she committed same offense two years ago, but was pardoned by the management of the Bank, when her guarantors cleared off the fraud sum. This recent fraud was discovered in November.



The management of the Bank reported the case to the Central Police Station Awka, and the State CID. She was subsequently arrested, but has since been released on bailed.



Nice Micro-finance Bank, is one of the CBN licensed State micro finance institution, operating in Anambra State. This is not the first time the Bank is having such fraud issue. In 2015, one of its branch managers, Nneka Oragwu defrauded the Bank to the tune of 7.5million naira. Her case is still in Court.



MFTimes reached the Managing Director of the Bank, Mr. Obieze Charles, but he declined to comment on the Matter. Anambra state’s deputy Police spokes-person confirmed the fraud case to our correspondent.

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