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

American rapper DMX gets lighter sentence after his lawyer played his song in court to sway judge during sentencing

                                  Apparently, rapper DMX got a lighter sentence after a judge heard his rap song in court. During the rapper's recent sentencing, his attorney played the judge "Slipping" an old rap song by DMX and it is believed this helped reduce his sentencing from a possible 5 years in jail to only 365 days. Below is how Boston 25 is reporting it: "A judge heard a DMX rap song before adding his own lyrics to a court proceeding on Wednesday, ordering the rapper imprisoned for a year in a tax fraud case. U.S. District Judge Jed Rakoff took requests, accommodating DMX's desire to hear his autobiographical hit "Slippin'" before DMX faced the music over his admission of guilt. The judge called DMX's fraud a "brazen and blatant" crime that could not go unpunished. The 47-year-old rapper, known to law enforcement and the courts as Earl Simmons, has been incarcerated since...
Post a Comment
Read more

Pizza Hut to shut 29 restaurants putting around 450

  Pizza Hut has announced plans to shut 29 of its 244 UK restaurants, putting around 450 jobs at risk. The highly-popular restaurant chain said it faced 'significant disruption' from the coronavirus pandemic and that the lockdown was so detrimental that 'sales are not expected to fully bounce back until well into 2021.'  A Pizza Hut Restaurants spokeswoman said: "We are committed to doing the right thing, and in order to secure as many jobs as possible and continue serving our communities, we are working to reach an agreement with our creditors. "While we are likely to see 29 Hut closures and 450 job losses, any measures we take aim to protect about 5,000 jobs at our remaining 215 restaurants, as well as the longevity of the business." She added: "We understand this is a difficult time for everyone involved. "We appreciate the support of our business partners and are doing everything we can to help our team members during this process, including...
Post a Comment
Read more

Police confirms 5 dead, several injured in fresh attacks on Fulani settlements by suspected Mambilla militias

                                  Atleast 5 people were killed and several others injured in fresh attacks on Fulani settlements by suspected Mambilla militia in Sardauna Local Government Area of Taraba State on Saturday. The spokesman for the Taraba State Police Command, ASP David Misal, who confirmed the incident said the crisis started on Thursday over a land dispute between Fulani and Mambilla in Yerimaru village and later snowballed into neighbouring villages. Misal said that units of mobile policemen and soldiers from the 20 battalion in Serti have been dispatched to the area to maintain law and order, adding that several homes were burnt down and many cows killed and stolen during the attack. A fleeing resident Saadu Mogoggo whose house was attacked at Leme suburb of Gembu, said two of his younger brothers were killed their cattle were rustled by the militia. “As I am...
Post a Comment
Read more