LOTUS Bank Limited faces another financial blow, having been defrauded of N336,993,863.35 by one of its employees, just two months after losing N1,134,491,604.31.In an affidavit sworn by Gbenga Ojerinde, a fraud investigation officer at the bank, and filed by Lagos lawyer Efe Eze-Iyamu, it was revealed that LOTUS Bank discovered suspicious Mudarabah profits paid to customer accounts.A comprehensive review from January 2023 to May 2024 uncovered fraudulent activities by Abdulkarim Arome Mohammed, a staff member in the Financial Control Department.Mohammed allegedly exploited his system privileges to allocate profits to three undeserving accounts: one belonging to his wife, Khadijah Aliyu Shuaib…
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