The sum of N550 Million deposited in the account of a primary school teacher by her son living in Malaysia has landed Guarantee Trust Bank (GTB) and three of its workers in trouble.
The money was paid into the GTB account of Mrs. Roseline Uche Egbuha by her 24-year-old son which led to her arrest for money laundering.
During interrogation, the primary school teacher said the money found in her account belonged to her son, Chidozie Fabian Ejeaka whose whereabouts could not be established.
She was arrested alongside three bank staff and her lawyer, Fredinard Isa due to their connivance in lifting the restriction placed on her account and the subsequent transfer of N550m (principal sum and interest) into the GTB account of FBI Legal, a company owned by the lawyer.
According to the Independent Corrupt Practices Commission (ICPC) which is handling the investigation, Mrs. Egbuha, a teacher with Ozala Primary School, Abagana, Anambra State, was earlier arrested in 2019 by the Commission and granted bail, after an investigation into her financial transactions consequent upon the receipt of a petition on her involvement in money laundering.
The GT Bank officials arrested are Compliance officer, Beckley Ojo, an Operations Manager, Chisomaga Daly-Okoro and a staff of the legal dept. of the bank, Sarah Ugamah as well as a lawyer to GTB Nsikak Udoh all of who were alleged to have connived with the sch. teacher to perpetrate the fraud.