In News by Oluwaseun Samuel on the 29th, September, 2020

Former First Financial institution Employees Sentenced To 98yrs For Stealing Financial institution’s N49m And $368,00zero

Former First Bank Staff Sentenced To 98yrs For Stealing Bank's N49m And $368,000


Oreoluwa Adesakin

Justice Muniru Olagunju of Oyo Excessive Court docket has sentenced a former workers of First Financial institution of Nigeria Restricted, Oreoluwa Adesakin to 98 years in jail for fraud.

A press release launched by the Financial and Monetary Crimes Fee EFCC, mentioned Adesakin was discovered to have dedicated monetary fraud in opposition to her employers to the tune of N49,320,652.32 and an extra $368,203.00 belonging to the financial institution, which she transformed to non-public use.

She was prosecuted by the Ibadan Zonal Workplace of the Financial and Monetary Crimes Fee (EFCC) on 14-count fees bordering on stealing, forgery, and fraudulent accounting.

One of many fees learn;

“That you just Oreoluwa Adesakin someday between the months of Could 2013 and November 2013, at Ibadan throughout the Ibadan Judicial Division, while being a workers of First Financial institution PLC stole the sum of N25,974,116.13 from First Financial institution PLC MoneyGram Fee Naira Account, the property of First financial institution PLC.

She pleaded not responsible to all the costs, which necessitated her trial.

EFCC counsel, Usman Murtala, offered each important doc and witnesses which nailed the convict. The decide famous the EFCC amassed a pool of incontrovertible proof in opposition to the convict and did a diligent investigation and prosecution.

He pronounced Adesakin responsible of all the costs, sentencing her to seven years in jail with out an choice of high-quality on every of the 14 counts, which is able to run concurrently.

Aside from the jail time period, the convict can also be to restitute the First Financial institution, by the EFCC, all the cash she stole.

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

The financial institution alleged within the petition that Adesakin, as its Cash Switch Operator, who was saddled with the duty of effecting funds by Western Union Cash Switch and Cash Gram platforms, fraudulently manipulated accounting and withdrew N49,320,652.32 and one other $368,203.00 for herself, which the financial institution solely uncovered whereas reviewing its inner account.

The EFCC was additionally in a position to set up that Adesakin used a part of the proceeds of her crime to accumulate landed properties in several elements of Oyo State.

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