Fidelity bank banner UBA banner
Bank staff bag 91 years in jail for N114.6 m fraud

By News Express on 07/08/2015

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,758


Justice Ibrahim Mairiga of the Kebbi State High Court has convicted Suleiman Ibrahim Musa, Bilyaminu Usman and Lawal Suleiman on a 16-count charge bordering on conspiracy, forgery, theft and criminal breach of trust brought against them by the Economics and Financial Crimes Commission (EFCC). He sentenced them to 91 years in prison.

The convicts, former members of staff of FinBank Plc (acquired by First City Monument Bank Plc in 2011), Birnin-Kebbi branch in Kebbi State, were first arraigned on July 21, 2010, and had pleaded not guilty to the charges.

Musa, who was then the head of operations, defrauded the bank of N101,707,000; Usman and Suleiman, both tellers, connived to defraud the bank of N6,627,500 and N6,267,500 respectively. They had at different times debited the bank’s customers by carrying out unauthorised withdrawals from 2008 to 2010.

The rogue bankers were arrested by EFCC operatives following a petition by the bank’s management, after several customers lodged complaints alleging fraudulent deductions from their bank accounts. They had backed up their claims with various documents such as stamped deposits and investment certificates, as evidence.

After five years of trial, Justice Mairiga, having been convinced by the evidence brought before him by the prosecuting counsel, Aisha Habib, found the accused guilty of the charges.

“By considering the amount involved and weight of evidence presented before the court by the prosecution, which was never challenged by the defence, it shows that their wrongful act caused a great injury to the bank. I therefore, find the accused persons guilty as charged, and so convict and sentence them to 55 years, seven years and 29 years imprisonment respectively without an option of fine, with the jail term to serve concurrently.”

The judge also ordered the convicts to return the stolen money to the bank.

Source News Express

Posted 07/08/2015 03:57:56 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
We’re still in CAN —Northern Christians; seek arrest...

Kaduna Refinery begins daily supply of 3.2m litres...

Okowa commissions projects to mark the second anniversary...

Umahi inaugurates law review committee

Britain to build wall to keep migrants out...

Group warns Buhari not to entrust Aregbesola with...

How I narrowly escaped assassination attempt: APC guber...

Seeds given to 1 mln farmers hit by...

The truth about Akwa Ibom Pension Law —Gov’nor...

Buhari presides over FEC Meeting

Cleric seeks trial of female journalist for promoting...

Jammeh talks tough, vows to stay on as...

 

Latest News BREAKING NEWS: Ex-Head of State Ernest Shonekan reported dead Senate rejects inclusion of South East reps in Security Council Buhari support group accuses three governors of sabotage University don commits suicide in Benue Army Chief announces Operation Crocodile Smile III, states objectives Outcry over alleged imposition of the son of Aisha Buhari’s aide as APC candidate Military gives militia December to vacate Benue, Taraba, Nasarawa 2019: Picking Peter Obi will not make Yorubas vote against Atiku — Ajulo Court grants SERAP leave to compel Fashola over ‘N900bn spent on power privatisation’ 2019: Anambra leaders, Ohanaeze assure Atiku of South East support Release of looters’ list didn’t violate rights: Court Kaduna crisis: 24 hours curfew relaxed in parts of metropolis

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (409,338 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (383,803 views) Shameless Genevieve Nnaji exposes breasts in public (316,237 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (259,993 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (238,601 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (225,048 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,995 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (186,422 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (171,308 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,444 views) Lagos plane crash: Journalist releases victims’ names (162,138 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,811 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (70) Business & Economy (3,708) Business Verdict (52) Columnists (949) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (561) Features (660) Global Business Monitor (305) International (2,568) Interview (165) Live Commentary (28) Love Matters (145) News (39,858) Opinion (1,127) Pidgin (13) Politics (7,372) Religion (885) Sports (1,740) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement