Man ‘forges’ signature to withdraw N16.5m from Stanbic

Stanbic IBTC

Police in Lagos has arraigned a 49-year-old applicant, Tunji Ogunsipe, in an Ikeja Magistrates’ Court, Lagos, for allegedly forging the signature of a man with the intention of cashing N16.5million from Stanbic Bank.

Mr Ogunsipe, a resident of Idi-Araba area of Lagos, has pleaded not guilty to a charge of forgery.

Police prosecutor, Clifford Ogu, said that the defendant forged the signature of Obafemi Ogunbekun with an intention to withdraw N16.5million on February 12 at Stanbic IBTC Bank, Ikeja, Lagos.

“The defendant went to the bank and presented the cheque to the teller for withdrawal.

“After investigation, it was discovered that the signature was forged. It was based on the discovery that the bank quickly alerted security personnel who arrested the defendant,” the prosecutor said.

Mr Ogu said the offence contravened Section 365(3) of the Criminal Law of Lagos State, 2015.

Before adjourning the case until May 8 for mention, magistrate J.A Adegun granted Ogunsipe bail in the sum of N200, 000 with two sureties in like sum.

He also ordered that the sureties should be gainfully employed and should show evidence of two years tax payment to Lagos State Government.