A former staff of First Bank of Nigeria Limited,Oreoluwa Adesakin ,has been sentenced to 98 years in prison by Justice Muniru Olagungu of Oyo High Court for fraud
Adesakin was found guilty of committing Financial fraud against her employers to the tune of N49,320,652,32 and $368,203,00 .
In a statement , the Economic and Financial Crimes Commission EFCC, said 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.
According to EFCC Head of Media and Publicity, Wilson Uwujaren, Adesakin ,was arraigned April 4, 2014 by the EFCC following the conclusion of Investigations against her which arose from a petition from her former employer on December 18,2013
The bank alleged that Adesakin who was its Money Transfer Operator and saddled with the responsibility of effecting payments through Western Union Money Transfer and Money Gram platforms , fraudulently manipulated accounting and withdrew N49,320,652,32 and another $368,203,00 for herself,which the bank only uncovered while reviewing its internal account.
Part of the proceeds of her crime were used to acquire landed properties in different parts of Oyo State according to the EFCC.
The EFCC counsel,Usman Murtala, reportedly presented vital documents that led to the banker’s conviction.
Justice Olagungu who noted that the EFCC’s evidence was overwhelming against the Adesakin pronounced her 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.
In addition to jail term, the convict is also to refund all the money she stole to First Bank, through the EFCC.