- Former First Bank Staff Sentenced To 98 Years Imprisonment For Monetary Extortion
- Ekohotblog, September 29, 2020…
A former staff of First Bank of Nigeria Limited, Oreoluwa Adesakin has been sentenced to 98 years imprisonment for monetary extortion in the tune of N49m and $368,203.00 respectively.
The banker was sentenced on Monday, September 28, 2020 by Justice Muniru Olagunju of the Oyo State High Court.
Our correspondent learned that Adesakin, was found guilty of monetary extortion against her bosses to the tune of N49,320,652.32 (Forty-9,000,000, Three Hundred and Twenty Thousand, Six Hundred and Fifty-two Naira, Thirty-two Kobo), and extra $368,203.00 (Three Hundred and Sixty-8,000, Two Hundred and Three United States Dollars) belonging to the bank which she changed over to her own utilization.
The convict was arraigned by the Ibadan Zonal Office of the Economic and Financial Crimes Commission, (EFCC), on 14-check charges, ranging fr stealing, fabrication and deceitful accounting.
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One of the charges leveled against here 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, the property of First bank PLC.”
She pleaded not guilty to all the charges, which necessitated her trial.
Prosecution counsel, Usman Murtala in arguing his case, presented documents and witnesses which nailed the convict.
The EFCC also released incontrovertible evidence against the convict.
Pronouncing judgement, Justice Muniru Olagunju found Adesakin 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.
Apart from the jail term, the convict is also to restitute the employer, through the EFCC, all the money she stole.
Ekohotblog.com learned that the convict was first arraigned on April 4, 2014, by the EFCC following a conclusion of investigations against her which arose from a petition from her former employer, dated December 18, 2013.
The EFCC noted that the convict used part of the proceeds of her crime to acquire landed properties in different parts of Oyo State.
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