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Insurance officer arraigned for N12m scam

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An insurance officer at the Mutual Benefit Insurance Company, Nkechi Nwoke, was recently arraigned by the Economic and Financial Crimes Commission (EFCC), Port Harcourt’s Zonal Office for an alleged N12 million scam.

Nwoke, who was arraigned before Justice Sani of the Federal High Court sitting in Port Harcourt, Rivers State, faced one-count charge, bordering on stealing.

According to the EFCC, the said money, belonged to a client. However, trouble started for Nwoke, when a petitioner (name withheld) alleged that sometime in December 2014, within Port Harcourt, the defendant fraudulently deceived him into embracing a Life Assurance Policy.

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The petitioner further stated that he saved a total sum of N18 million in the Policy, which he later found out was not remitted to the designated bank.

“Nwoke had only  saved N6 million and diverted the sum of N12 million, for her personal use. All efforts to get the defendant repay the un remitted money proved abortive,” the EFCC revealed in a statement.

The agency further stated that the offence was punishable under the Criminal Code Act, and Financial Malpractice in Bank Act.

The  charge read: “That you Nkechi Nwoke between the months of December, 2013 to August, 2014 at Port Harcourt, Rivers State within the jurisdiction of this Honourable court whilst you were a Staff of Mutual Benefit Life Assurance Policy stole the sum of N12 million,  property of Austin Ihiamadu and thereby committed an offence punishable under the law.”