The banker faced Justice I.E Ekwo on a 16 counts charge for forgery and stealing to the tune of N27 million.
PM News reports that Momodu was a former staff at Sterling Bank and allegedly stole the money from the account of a customer.
Momodu allegedly forged the signature of the customer to illegally withdraw the money from the bank.
The EFCC carried out an investigation that revealed that the accused transferred the money to the account of one Emilia Ugwandu who is currently on the run.
The charges read in part: “That you Bawa Momodu, male, on or before the 17th day of December, 2012 in Port Harcourt, within the jurisdiction of this honorable court did present to officials of Sterling Bank Plc a forged Sterling Bank Fund Transfer document No. 1238802 in favor of Don Kumy Ventures Nigeria Limited, with the intent that Sterling Bank Plc may act upon it as genuine and thereby committed an offence contrary to Section 1(2)(c) of the Miscellaneous Offences Act, Cap M17, Revised Edition, Laws of the Federation of Nigeria Act, 2007 and punishable under Section 1(2) of the same Act.”
Momodu was granted bail by the judge in the sum of N7 million with one surety in like sum. He was also required to report to EFCC’s office every last day of the month.
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