First Bank ex-staff bags 98 years jail term for stealing N49.3m, $368,000
Thompson Nsisongabasi
Sep 29, 2020
Oreoluwa Adesakin, a former staff of First Bank, has been handed 98 years jail term by Justice Muniru Olagunju of the Oyo State High Court.
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Adesakin was found to have committed fraud against her employers to the tune of N49,320,652, and additional $368,203.
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The convict was prosecuted by the Ibadan Zonal Office of the Economic and Financial Crimes Commission (EFCC) on 14-count charges, bordering on stealing, forgery and fraudulent accounting.
One of the charges read: "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 from First Bank Plc MoneyGram Payment Naira Account.ÔÇØ
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Adesakin pleaded not guilty to all the charges.
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Prosecution counsel, Usman Murtala, presented vital documents and witnesses which nailed the convict.
Justice Olagunju pronounced Adesakin guilty of all the charges.
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The judge sentenced her to seven years in prison without an option of fine on each of the 14 counts, which will run concurrently.
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Apart from the jail term, the convict is also to restitute the First Bank, through the EFCC, all the money she stole.
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The convict was arraigned April 4, 2014, by the EFCC following investigation on First Bank petition dated December 18, 2013.
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The bank said Adesakin, a Money Transfer Operator, saddled with the responsibility of effecting payments through Western Union Money Transfer and Money Gram platforms, manipulated accounting and withdrew a total of N49,320,652 and another $368,203 for herself.
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EFCC spokesman, Wilson Uwujaren, said operatives established that the convict used part of the proceeds to acquire landed properties in different parts of Oyo State.
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— Thompson Nsisongabasi