Ex-Bank Manager Receives 121-Year Jail Sentence for N112m Fraud
A former manager of the Onitsha branch of First City Monument Bank, FCMB, named Nwachukwu Placidus, has been handed a total sentence of 121 years in prison. This comes after he diverted fixed deposit funds totaling N112,100,000 (One Hundred and Twelve Million, One Hundred Thousand Naira only) from a customer for his personal gain.
The judgement was delivered by Justice S. N. Odili of the Anambra State High Court in Onitsha, after Placidus was arraigned on Tuesday, March 27, 2018, by the Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC.
According to a statement by EFCC Spokesperson, Dele Oyewale, the Convict faced 16-count charges including forgery, theft, obtaining by false pretence, and uttering.
The statement detailed one of the counts as follows: "Between Feb...