Sterling Bank Staff, Who Allegedly Defrauded Customers of N300m Now At Large

Mrs. Favour Fame-Eruagbere, a staff of Sterling Bank PLC. has allegedly defrauded customers of the bank to the tune of N300million.


According to the Delta State Police Command, the female banker was said to have approached some account owners of the bank for permission to be using their money for business transaction, with the agreement that she would be giving the customers a certain percentage from the profit that accrue on their money every month.


However, it was later discovered last week by one of the bank’s customers that the woman stopped coming to work and all attempts to reach her on phone proved abortive as her lines were switched off.

Reports also confirmed that, on getting to her residence around Living Faith Church at water resources, Effurun, it was again alleged that, Mrs. Favour Fame-Eruagbere, had absconded.


One of the bank’s workers, who is also Favour’s colleagues, according to sources, said, Favour Fame-Eruagbere “did business with customers’ money with their consent.”

Favour’s colleague, an in-house source in the matter, said,

“The whole thing backfired when many people she gave money to, refused to pay back. I think the lady didn’t run away with the money, but she is only being owed by those she gave the money to.


“She is nowhere to be found, nobody knows her whereabouts, whether she has travelled out, dead or still alive.

“In fact, the office is in crisis, as many people might be sanctioned because of the issue especially the operators who carried out the transactions for her.“


While the Police operatives at the ‘A’ division in Warri are still investigating the matter, Favour’s  husband, Mr. Fame-Eruagbere, have been invited for questioning.


The Delta state Police Public Relations Officer, PPRO, DSP. Bright Edafe who confirmed the incident said, “the suspect had not been declared wanted, because there was a process for declaring someone wanted.”

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