Skip to main content

Former bank staff bags 98yrs for stealing bank’s N49m and $368,000

Woman bags 98yrs for stealing bank?s N49m and $368,000 (photo)

 

A former staff of First Bank of Nigeria Limited, Oreoluwa Adesakin, has been sentenced to 98 years in prison by Justice Muniru Olagunju of Oyo High Court for fraud.

 

A statement released by the Economic and Financial Crimes Commission EFCC, said Adesakin was found to have committed financial fraud against her employers to the tune of N49,320,652.32 and an additional $368,203.00 belonging to the bank, which she converted to personal use.

 

She was prosecuted by the Ibadan Zonal Office of the Economic and Financial Crimes Commission (EFCC) on 14-count charges bordering on stealing, forgery, and fraudulent accounting.

 

One of the charges read

“That you Oreoluwa Adesakin sometime between the months of May 2013 and November 2013, at Ibadan within the Ibadan Judicial Division, whilst being a staff of First Bank PLC stole the sum of N25,974,116.13 from First Bank PLC MoneyGram Payment Naira Account, the property of First bank PLC.”

 

She pleaded not guilty to all the charges, which necessitated her trial.

 

EFCC counsel, Usman Murtala, presented every vital document and witnesses which nailed the convict. The judge noted the EFCC amassed a pool of incontrovertible evidence against the convict and did a diligent investigation and prosecution.

 

He pronounced Adesakin guilty of all the charges, sentencing her to seven years in prison without an option of fine on each of the 14 counts, which will run concurrently.

 

Apart from the jail term, the convict is also to restitute the First Bank, through the EFCC, all the money she stole.

 

According to EFCC Head of Media and Publicity, Wilson Uwujaren, Adesakin was arraigned April 4, 2014, by the EFCC following a conclusion of investigations against her which arose from a petition from her former employer, dated December 18, 2013.

 

The bank alleged in the petition that Adesakin, as its Money Transfer Operator, who was saddled with the responsibility of effecting payments through Western Union Money Transfer and Money Gram platforms, fraudulently manipulated accounting and withdrew N49,320,652.32 and another $368,203.00 for herself, which the bank only uncovered while reviewing its internal account.

 

The EFCC was also able to establish that Adesakin used part of the proceeds of her crime to acquire landed properties in different parts of Oyo State.

Comments

Post a Comment

Popular posts from this blog

Scores escape death as truck rams into vehicles in Abuja

Many people escaped death on Tuesday, September 8, in Kubwa, Abuja, when a tipper truck rammed into several vehicles.    The crash which occurred at Central market in Kubwa, at about 11 am, left many vehicles damaged. According to one of the survivors, Ngozichukwu, the truck suffered brake failure. and rammed into the vehicles with occupants.   "This tipper failed break and was hitting many cars..... I thought more than 20persons have lost their lives already, people were crying shouting JESUS JESUS  but God was just too much, too kind, too merciful because there was no serious injury and no life was lost.," she narrated.   I don't know how i survived, i thought i was dead i don't know how i survive was all those involved could say( it was indeed a miracle)    It happend exactly infront of central market but God wagged it with diffrent cars and building in order to save lives.Thank You Jesus"     
Post a Comment
Read more

Photos of the 22-year-old woman mauled to death by a lion in South Africa

-year-old Megan van der Zwan was mauled to death by a lioness in a game reserve near Hammanskraal, South Africa on February, 27. The former student at the University of Pretoria, had accompanied her friend to conduct an interview for an assignment at the Kevin Richardson’s Wildlife Sanctuary, located at the Welgedacht Private Game Reserve outside Pretoria. Police spokesperson Constable Connie Mohanedi said the lioness attacked the pair as they were approaching their car to leave. Mohanedi said an inquest docket was opened, but would not give much information “as the investigation is at a “sensitive stage”. According to reports Megan and her friend were visiting the game reserve belonging to "lion whisperer" Kevin Richardson. They wanted to interview the camp manager. Kevin says they were taking pictures outside the camp when the attack occurred. He says he and one of his experienced colleagues were talking the lions one of their regular weekly walks throu...
Post a Comment
Read more

Presidential Task Force warns against hasty reopening of schools

  Boss The Presidential Task Force (PTF) on COVID-19 in Nigeria has warned states against rushing to reopen schools saying such action have escalated COVID-19 management situation in some other countries.   Secretary to the Government of the Federation (SGF) and Chairman of the PTF, Boss Mustapha, speaking on Monday August 31 in Abuja said it would be in the best interest of Nigeria to stick to it's slow phased easing of lockdown rules because it was effective.  “It is in the above context that the PTF appreciates the on-going calls for re-opening of the education sector and indeed some sub-nationals are already making preparations for such.' Boss Mustapha said. “Whilst the PTF does not discourage making such preparations, we need to be guided by experiences from countries such as Germany, France, the United States and the UK where opening of schools in some cities led to an increase in confirmed cases and fatalities.”   He also said more sectors of the eco...
Post a Comment
Read more