A former banker secretly stole millions over several years by shaving small amounts from employees’ salaries during payroll processing….CONTINUE FULL READING>>>>>
He inserted his own account number into salary schedules, ensuring clients still saw the full bulk payment leaving their accounts, which prevented suspicion.
A shocking story has surfaced online about how a former banker allegedly stole millions over several years by exploiting salary schedules without raising immediate suspicion.
According to a viral narration, the banker devised a scheme that relied on the fact that most employees rarely pay attention to the exact last digits of their salaries. When a client would send a salary schedule of, say, ₦500 million for disbursement, the banker would discreetly shave off between ₦300 and ₦900 from each employee’s pay. He would then insert an additional line with his own account number, pocketing the accumulated funds.
The scam was effective for years due to two key factors:
The client always saw the full ₦500 million deducted from their account, leaving no immediate red flags.
Employees never noticed the missing few hundreds, as most didn’t track the exact last digits of their salaries.
Month after month, the ex-banker raked in millions and lived a flamboyant lifestyle in Lagos. However, the scheme eventually unraveled, and he was caught, adding to the long list of disgraced bankers who ended up behind bars in Kirikiri Prison.
