Saturday, August 8, 2015

N114.6m scam: Three bankers bag 91 years imprisonment

Three bankers have been sentenced to 91 years imprisonment for conspiracy, forgery, theft and criminal breach of trust.

The convicts, identified as Suleiman Ibrahim Musa, Bilyaminu Usman and Lawal Suleiman are all former staff of First City Monument Bank Plc in 2011, Birnin-Kebbi branch in Kebbi State. Their journey to prison started after the bank’s management petitioned the Economic and Financial Crimes Commission EFCC. The EFCC brought a 16-count charge against the bankers. They were convicted by Justice Ibrahim Mairiga of the Kebbi State High Court.
According to the EFCC image maker, Wilson Uwujaren, the convicts, were first arraigned on July 21, 2010, and had pleaded not guilty to the charges.
Uwujaren said: “Musa, who was then the head of operations, defrauded the bank of N101, 707,000; Usman and Suleiman, both tellers connived to defraud the bank of N6, 627,500 and N6, 267,500 respectively. The crimes were committed between 2008 and 2010. They had at different times debited the bank’s customers by carrying out unauthorized withdrawals.
“They were arrested by EFCC operatives following a petition by the bank’s management, after several customers lodged complaints alleging fraudulent deductions from their bank accounts. They had backed up their claims with various documentary evidences - stamped deposits and investment certificates.”
Uwujaren noted that after five years of trial, Justice Mairiga, having been convinced by the evidence brought before him by the prosecuting counsel, Aisha Habib, found them guilty of the charges.
 “By considering the amount involved and weight of evidence presented before the court by the prosecution, which was never challenged by the defence, it shows that their wrongful act caused a great injury to the bank,” the judge said. “I therefore, find the accused persons guilty as charged, and so convict and sentence them to 55 years, seven years and 29 years imprisonment respectively without an option of fine, with the jail term to serve concurrently.”
The judge also ordered the convicts to return the stolen money to the bank.

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