She Deserves It? See the First Bank Staff Sentenced To 98 Years In Prison For Stealing N49 Million

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She Deserves It? See the First Bank Staff Sentenced To 98 Years In Prison For Stealing N49 Million

She Deserves It? See the First Bank Staff Sentenced To 98 Years In Prison For Stealing N49 Million.

The woman defrauded her employers of N49,320,652.32, and an additional $368,203 belonging to First Bank. Oyo State High Court sentenced a former employee of First Bank of Nigeria, Mrs. Oreoluwa Adesakin, to 98 years in prison for stealing millions of naira from her employer.

Adesakin was sentenced last year in March by Justice Muniru Olagunju after she was found guilty of committing financial fraud against her employers to the tune of N49,320,652 and an additional $368,203 belonging to the bank, which she converted to her personal use.

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

She Deserves It? See the First Bank Staff Sentenced To 98 Years In Prison For Stealing N49 Million
First Bank Staff Sentenced To 98 Years In Prison

The bank alleged in the petition that Adesakin, as its Money Transfer Operator, saddled with the responsibility of effecting payments through Western Union Money Transfer and Money Gram platforms, fraudulently manipulated accounting and withdrew the total sums of N49,320,652.32 and another $368,203 for herself, which the bank only uncovered while reviewing its internal accounts.

The EFCC was also able to establish that the convict used part of the proceeds of her crime to acquire landed properties in different parts of Oyo State. However, Adesakin pleaded not guilty to all the charges, which necessitated her trial. Prosecution counsel, Usman Murtala, in arguing his case, presented documents and witnesses that nailed the convict. The judge noted that the EFCC gathered a pool of incontrovertible evidence against the convict and did a diligent investigation and prosecution.

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

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She Deserves It? See the First Bank Staff Sentenced To 98 Years In Prison For Stealing N49 Million

Meanwhile, Lagos State High Court in Igbosere sentenced a fraudster, Tunde Martins to seven years’ imprisonment for allegedly defrauding Diamond Bank Plc of N30 million.

Martins was sentenced by Justice Josephine Oyefeso following a petition by the Lagos Zonal Office of the Economic and Financial Crimes Commission (EFCC). He was arraigned alongside his company, Centre Global Limited in 2018 on three counts bordering on obtaining false pretenses, forgery, and use of false documents, to which he pleaded not guilty.

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The convict had obtained N30 million as a loan from Diamond Bank Plc with a forged certificate of occupancy and refused to pay it back. During Martins’ trial, the prosecution counsel, Anita Imo, tendered several documents as exhibits and called five witnesses. According to the Head of Media and Publicity, EFCC, Wilson Uwujaren, Justice Oyefeso found Martins guilty of the offenses on September 23, 2020, but deferred ruling to Monday, September 28, 2020.

Delivering her judgment, Oyefeso sentenced the convict to seven years’ imprisonment without an option of fine. She also ordered that his company, Centre Global Limited, be wound up and all the money accrued from it remitted to Diamond Bank Plc.

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