Exclusive: First Bank employee on the run after diverting ₦40 billion; bank begins recovery
[...]As a manager on the electronic products team at First Bank, the employee, identified by court documents as Tijani Muiz Adeyinka was authorised to process reversals for customers, said one First Bank employee with knowledge of the matter. It meant he controlled an account with which he processed those reversals and could credit merchant accounts.
Muiz allegedly used that authority to instead credit customer reversal requests to a merchant he controlled. As the last line of authorisation on the team, he allegedly did not need any further approvals, it allowed him to carry on diverting customer funds for almost two years without detection[...]
https://techcabal.com/2024/05/....31/first-bank-employ
Camille Aubain LAGUEU
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