A Federal High Court in Lagos has ordered the remand of Solomon Ufayo, an Ecobank staff member, in Ikoyi Correctional Centre following his arraignment for cybercrime involving N2.4 million.

Ufayo, who worked as a relief teller at the bank, was charged by the Economic and Financial Crimes Commission (EFCC) on one count of cybercrime after allegedly impersonating a customer to fraudulently transfer funds.

According to the EFCC, between March 10 and 28, 2025, Ufayo impersonated an Ecobank customer, Ogunfodunrin Omowunmi Ajoke, by posting false deposit and withdrawal tellers on her account number 2801086259. He subsequently transferred a total of N2,404,000 to his personal Opay account without the customer's consent or authorization.

The charge sheet presented in court stated that Ufayo's actions violated Section 22(2)(b)(i) of the Cybercrime (Prohibition and Prevention etc) Act, 2015, and is punishable under Section 22(2)(b) of the same Act.

During the court proceedings, Ufayo pleaded guilty to the charge. EFCC operative David Ngale Gajere reviewed the facts of the case, while prosecution counsel Abdulhamid Tukur presented evidence before the court.

It was revealed that the accused had provided an extra-judicial statement and had already issued a bank draft of N2,404,000 as restitution to the victim.

Justice Yellim Bogoro admitted all documents presented by the prosecution as evidence and adjourned the case to June 6, 2025, for judgment. Meanwhile, the defendant will remain in custody at the Ikoyi Correctional Centre pending the final judgment.

This case highlights ongoing concerns about insider fraud within Nigeria's banking sector and reinforces the EFCC's commitment to prosecuting financial crimes regardless of the perpetrator's position.