First Bank ex-staff jailed 98-year, to refund N49 mln, $368,203
Oreoluwa Adesakin, a former employee of First Bank of Nigeria Limited has been sentenced to a cumulative 98 years in prison for stealing N49.32 million and $368,203 from the bank while in its employment.
Justice Muniru Olagunju of the Oyo State High Court found the accused guilty of all the charges and sentenced her to seven years on each of the 14 count charges.
The convict was prosecuted by The Ibadan zonal office of the Economic and Financial Crimes Commission (EFCC) on 14 counts bordering on stealing, forgery and fraudulent accounting.
“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 member of First Bank Plc, stole the sum of N25,974,116.13 from First Bank Plc MoneyGram payment naira account, property of First bank Plc,” one of the charges stated.
though the accused pleaded not guilty to the charges, the prosecution counsel, Usman Murtala, presented vital documents and witnesses to support the charges.
The judge pronounced Adesakin guilty of all the charges and sentenced her to seven years in prison without an option of fine on each of the 14 counts. The jail terms are to run concurrently.
The convict is also expected to refund all the money stolen from the bank as part of resitutions for her offence.
The convict was arraigned on April 4, 2014, by the EFCC following the conclusion of investigation into a petition dated December 18, 2013, which was written by her former employer.
The bank alleged in the petition that Adesakin, as its money transfer operator saddled with the responsibility of effecting payment through Western Union Money Transfer and MoneyGram platforms.
but she fraudulently manipulated the accounting system and withdrew the sums of N49,320,652.32 and $368,203 for herself, which it uncovered while reviewing its internal account.
The EFCC also established the fact that the convict used part of the proceeds of her crime to acquire landed property in different parts of Oyo State.