Fraud: Ex-female banker bags 98-year-jail in Ibadan.

 


An Oyo state High Court sitting in Ibadan Monday sentenced a former staff of First Bank of Nigeria Limited, Oreoluwa Adesakin to 98 years imprisonment for fraud.

 

Adesakin was arraigned by the Economic and Financial Crimes Commission (EFCC) Ibadan zonal office over financial fraud against her employers to the tune of N49,320,652.32,  and additional $368,203.00 (Three Hundred and Sixty-eight Thousand, Two Hundred and Three United States Dollars) belonging to the bank which she converted to her personal use.

 

The ex-banker was arraigned before Justice Muniru Olagunju on 14-count charges, bordering on stealing, forgery and fraudulent accounting.

 

EFCC in the charge stated 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 (Twenty Five Million, Nine Hundred and Seventy Four Thousand, One Hundred and Sixteen Naira, Thirteen Kobo) from First Bank plc MoneyGram Payment Naira Account, property of First bank PLC.

 

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

 

The prosecution counsel, Usman Murtala in arguing his case, presented every vital document and witnesses to prove his case.

 

Justice Olagunju in his judgement stated that the EFCC amassed a pool of incontrovertible evidence against the convict and did a diligent investigation and prosecution.

 

He then 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

 

Justice Olagunju added that aside the jail term, Adesakin is also to restitute the First Bank, through the EFCC, all the money she stole.

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