UBA Staff Jailed for Stealing Customers’ Deposits

At last, one out of the numerous fraudsters working as staff of United Bank for Africa Plc, Romeo Omenogor has bagged 10 years jail term for almost N10m fraud.  The judgment which was delivered yesterday, Wednesday, Feburary15, 2012 by Justice Joseph Oyewole, also ordered 38-year-old Omenogor to pay the bank the sum of N6.6m as restitution.

Omenogor, an IT Specialist working in the Information Technology Support Group of UBA, used his position to transfer the money into his accomplice; Francis Ineh’s account without authorization at the Ugbowo Branch of the bank in Benin. We also gathered that, Ineh withdrew the money in FESTAC Town branch of the bank in Lagos. Click to continue reading...

UBA according to sources is known for different shady activities and customers have always complained of either illegal deduction via bank charges, ATM amongst other operations, leaving innocent customers to groan in pains. The bank has also been mentioned in several money laundering allegations and Pension frauds.

In fact, a bitter customer who lost millions of naira to the bank opened a Facebook account with the name UBA. On the Facebook profile, he explained his ordeal and that of few other victims in the course of doing business with the bank.

 Maybe it’s time the Economic and Financial Crimes Commission look into the activities of the bank.