Former Bank Manager Bags 121-year jail term for Stealing Customer's N112m
A former manager, First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, has been sentenced to a total of 121 years in prison for diverting fixed deposit funds of a customer totaling N112,100,000 (One Hundred and Twelve Million, One Hundred Thousand Naira only) for his personal use.
Justice S. N. Odili of the Anambra State High Court in Onitsha handed down the judgment on Friday after Placidus was arraigned on Tuesday, March 27, 2018, by the Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC.
The EFCC Spokesperson, Dele Oyewale, who disclosed this in a statement on Saturday, explained that the convict faced 16-count charges including forgery, stealing, obtaining by false pretense, and uttering.
"The court further ordered the convict to restitute the said sum to his victim, Idemili Microfinance Bank.
"Placidus’ journey to the Correctional Centre began when a petitioner, Idemili Microfinance Bank LTD, alleged that the sum of N112,100,000 was handed over to him as the branch manager of FCMB in Onitsha, for fixed deposit. However, when the petitioner approached the bank to terminate and withdraw the deposit, the bank denied receiving the said funds.
“Upon receipt of the petition, the EFCC swung into action and investigations revealed that the convict diverted the money for his own use and issued a fake fixed Deposit Certificate to the petitioner.”
