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Witness Links Defendants To US$126.2k GT Bank Theft
Date Uploaded: Sep 06, 2016

Temple Of Justce


Witness Links Defendants To US$126.2k GT Bank Theft 
By Ballah M. Kollie

MONROVIA, September 6 (LINA) – Prosecution first witness Olushola Alioha has testified that defendants Montmorancy Yancy, Stanley Yorsee and Emmanuel Togba stole US$126,219 from GT Bank Liberia.

The three, all staff of the bank, are facing trial on multiple charges, including theft of property, misapplication of entrusted property, criminal conspiracy and criminal facilitation.

Madam Alioha, who is GT Bank Operations Manager, said the crime was discovered after she received a text with attachment of deposit slips from the accounts officer of Total Liberia Inc. that the attachments were not posted into their account.

In her testimony, Alioha said upon discovery of the incident, the bank’s log book disappeared, with Togba later confessing that he was instructed by Yancy to take it out of the bank.

“The log book was later brought by Yancy’s girlfriend at which time the police was called in,” she added.

In a four-count indictment, the Grand Jurors of Montserrado County said the trio in flagrant violation of the statutory law did conspire to facilitate and commit the crimes as charged.

According to the indictment, between May 28 to June 29, 2015, co-defendant Yancy, while serving as a Teller at the bank’s head offices in Sinkor, colluded with Yorsee and Togba to steal the amount of US$126,219 intended to be deposited into the Total Liberia Incorporated account at GT Bank.

The jurors in the indictment said upon receipt of the cash from the Bulk Tellers of the bank, co-defendant Yancy along with his colleagues diverted the amount and used it to give out loans to individuals within and out of the bank without the knowledge and approval of the bank’s management.

Madam Alioha is one of 11 witnesses expected to testify for the State.

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