How I unravelled fraud by Vanguard ex-accountant — EFCC witness

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BY ONOZURE DANIA & CHINYERE ABIAZIEM

LAGOS — An Economic  and Financial Crimes Commission, EFCC, prosecution witness, Ahmed Ghali, yesterday, told a Lagos High Court, sitting in Ikeja, of how he and his team unravelled the alleged fraud committed by Vanguard’s ex-accountant, Abiodun Badmus, and two others.

Giving evidence before Justice Oluwatoyin Ipaye, he said sometime towards the end of 2009, Vanguard Media Ltd reported a case of fraud and immediately his team visited the company.

According to him, “We attended to the external auditor first then the internal auditor, who said there were some hitches he could not confirm, as non availability of statements of account from the banks made things difficult.”
He also said throughout the investigation, no one claimed to have given any money to the internal auditor.
He said: “We saw some lodgements of over N3 million in the account of the defendant between January 2006 and April 2008 while we were interviewing him.

“We discovered fake tellers that had the word ‘received’ stamped on top of the dates instead of under them.”
He also alleged that he identified all the tellers that were not lodged into Vanguard’s account between 2006 and 2008, which he said were eight in number.
However, Justice Ipaye adjourned the case to February 10 and 11, 2014 for continuation of trial.

 

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