He was charged with three counts of conspiracy, obtaining money by false pretense and advanced fee fraud.
The defendant, who managed the bank’s Oyingbo, Ebutte-Metta, Lagos branch, was accused of obtaining the money from Ufomba Nnabugwu after promising to deliver a property in the Ijegun Egba area of Lagos to him.
Police prosecutor, Effiong Asuquo, said Oguike committed the alleged offence in 2014, adding that it contravenes Section 8(a) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006.
Oguike was also accused of preparing phony loan facility documents for himself.
He was said to have used the name of Edwin Ezeakachukwu and the Ijegun Egba property as collateral, to the victim’s detriment.
The defendant pleaded not guilty to the charge.
Defence counsel, John Itodo, applied for his bail, adding that the case had been pending at the magistrate’s court for two years.
He said: “We were at the magistrate court this morning for continuation of hearing when the prosecutor said they were withdrawing the case to re-file it at the Federal High Court. When we got outside, he just said we should proceed to the Federal High Court right away, and we didn’t have any objection about that.”
He added that the accused had been on bail and did not violate the administrative bail granted him by the police.
Asuquo opposed the application on the basis that the defendant did not file a proper motion for bail.
Justice Abdulazeez Anka ordered that Oguike be remanded in prison until his bail application is considered.
The case was adjourned till October 6 for trial.