Ex-banker bags 98 years imprisonment in Ibadan for stealing N49m, $368,000

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OduduwaNews has just gathered that a female ex-banker, former staff of First Bank of Nigeria Limited, Oreoluwa Adesakin, was on Monday, September 28, 2020, sentenced to 98 years imprisonment by Justice Muniru Olagunju of the Oyo State High Court for fraud.

Adesakin, female, was found to have committed financial fraud against her employers to the tune of N49,320,652.32 (Forty-nine Million, Three Hundred and Twenty Thousand, Six Hundred and Fifty-two Naira, Thirty-two Kobo), and additional $368,203.00 (Three Hundred and Sixty-eight Thousand, Two Hundred and Three United States Dollars) belonging to the bank which she converted to her personal use.
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 N25,974,116.13 (Twenty Five Million, Nine Hundred and Seventy Four Thousand, One Hundred and Sixteen Naira, Thirteen Kobo) from First Bank PLC MoneyGram Payment Naira Account, property of First bank PLC.”

The presiding Judge, Justice Muniru Olagunju having read all the count charges against the defendant made a final verdict by sentencing her to 98 years imprisonment.

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