It was alleged that Ezetulugo conspired with customers to fraudulently grant loans worth N8.8million with forged documents and without the consent of the fixed depositors whose collaterals were used in granting the said loans. The accused alongside his colleague, Ugwuoke Godwin who is now at large, filled forms for customers above their requested amount and coerce them into appending their signatures after which the balance would be loaned out to their cronies – a situation management of UBA said had created a bank within a bank. One of the counts read: That you, Arinze Jim Ezetulugo and Ugwuoke Godwin, now at large, in 2011, has account officer and business manager respectively and employees of United Bank for Africa Plc, at University of Nigeria, Nsukka Branch, in Enugu State, within the jurisdiction of this Honourable Court, conspired to grant a loan of Five million, Six Hundred Thousand Naira, N5,600,000.00 with defective security contrary to section 17(4)(a) of the FAILED BANKS (RECOVERY OF DEBTS) AND FINANCIAL MALPRACTICES IN BANKS ACT, CHAPTER F2 VOLUME6, LAWS OF THE FEDERATION OF NIGERIA 2004 and punishable under section 15(1)(a)(iii) and 16(1)(a) of the same Act. He pleaded not guilty to the charge. Justice Dugbo however granted the accused person bail in the sum of N500, 000.00 with two sureties one of which must be a land owner with Certificate of Occupancy (C of O) to be submitted to the court. The Judge further directed that the second surety be a civil servant not below grade level 14, who must submit his letter of appointment for verification. The case has been adjourned to June 28, 2016 for trial. Wilson Uwujaren Head, Media & Publicity 26th April, 2016]]>