First Financial institution ex-staff luggage 98 years jail time period for stealing N49.3m, $368,000

Oreoluwa Adesakin, a former workers of First Financial institution, has been handed 98 years jail time period by Justice Muniru Olagunju of the Oyo State Excessive Court docket.

Adesakin was discovered to have dedicated fraud in opposition to her employers to the tune of N49,320,652, and extra $368,203.

The convict was prosecuted by the Ibadan Zonal Workplace of the Financial and Monetary Crimes Fee (EFCC) on 14-count costs, bordering on stealing, forgery and fraudulent accounting.

One of many costs learn: “That you just Oreoluwa Adesakin, someday between the months of Could 2013 and November 2013, at Ibadan throughout the Ibadan Judicial Division, while being a workers of First Financial institution Plc stole the sum of N25,974,116 from First Financial institution Plc MoneyGram Fee Naira Account.”

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Adesakin pleaded not responsible to all the fees.

Prosecution counsel, Usman Murtala, introduced important paperwork and witnesses which nailed the convict.

Justice Olagunju pronounced Adesakin responsible of all the fees.

The decide sentenced her to seven years in jail with out an possibility of high quality on every of the 14 counts, which is able to run concurrently.

Other than the jail time period, the convict can be to restitute the First Financial institution, by the EFCC, all the cash she stole.

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The convict was arraigned April 4, 2014, by the EFCC following investigation on First Financial institution petition dated December 18, 2013.

The financial institution stated Adesakin, a Cash Switch Operator, saddled with the duty of effecting funds by Western Union Cash Switch and Cash Gram platforms, manipulated accounting and withdrew a complete of N49,320,652 and one other $368,203 for herself.

EFCC spokesman, Wilson Uwujaren, stated operatives established that the convict used a part of the proceeds to amass landed properties in several elements of Oyo State.

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