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

Photos, Three killed in Osun bank robbery attack

Dare devil armed robbers today attacked a new generation commercial bank in Ila-Orangun, Osun state killing three persons, including police security.                                              The suspected armed robbers, numbering about eight, were said to have stormed the bank at about 2pm and operated for one- and- a half hours after blasting the bank’s security door with an explosive substance. A substantial amount of money was carted away from the bank.  Two other victims killed by the armed robbers were said to be hit by stray bullets while a number of people sustained various degrees of injury while trying to flee the scene. Eyewitness said police officers arrived the scene almost immediately and engaged the robbers in a fierce gun battle. 
Post a Comment
Read more

Catalan Pro-Independence Group Blocks Roads To Protest Ex-Leader’s Arrest

Protesters wave Spanish and Catalan Senyera flags during a pro-unity demonstration in Barcelona on October 29, 2017. Pro-unity protesters were to gather in Catalonia’s capital Barcelona, two days after lawmakers voted to split the wealthy region from Spain, plunging the country into an unprecedented political crisis. / AFP PHOTO / PIERRE-PHILIPPE MARCOUPIERRE-PHILIPPE MARCOU/AFP/Getty Images The Committee for the Defence of the Republic (CDR), a Catalan pro-independence group, blocked several roads on Tuesday to protest the arrest of former leader, Carles Puigdemont. Traffic was halted on several motorways and highways and on the Diagonal, one of the main avenues of Barcelona. People held banners calling for “freedom’’ for “political prisoners.’’ Apart from Puigdemont, several Catalan secessionist figures are in pre-trial detention in Spain, including his ex-deputy Oriol Junqueras and a new candidate for the Catalan presidency, Jordi Turull. The CDR also called a “general st...
Post a Comment
Read more

Four men beat Police man to death

  The police in Ogun state have arrested four men for allegedly beating a yet-to-be-identified police officer to death in Dalemo, Sango, in the Ado-Odo-Ota Local Government Area of the state on Sunday, September 13.   In a statement released on Monday, September 14, the spokesperson of the state police command, DSP Abimbola Oyeyemi, said the four arrested men identified as Jelili Ismaila, 22; Amidu Bankole, 34; Elijah Samson, 36; and Moses Proboye, 34, were reportedly hired by a truck driver who had an argument with the deceased police officer and his colleague   Oyeyemi said the deceased constable and one other were escorting their principal from Idah in Kogi State to Lagos State when the incident happened.   “Preliminary investigation revealed that the deceased officer and one other escorted their principal from Idah in Kogi State to Lagos State. On their way passing through Sango Ota, a truck driver, Jelili Ismaila, drove dangerously and a...
Post a Comment
Read more