Juliana Francis
 |
| Udemadu |
The former managing Director of Achina
Microfinance Bank, Aguata, Mr. Jonathan Nnamdi Udemadu, has been sentenced to
prison for N66.6million fraud.
The convict was prosecuted by the Enugu
Zonal Office of the Economic and Financial Crimes Commission, (EFCC) on
nine-count charges of abuse of office, forgery, issuance of dud cheque and
fraudulent conversion of depositors fund to the tune of N66,633,000.00.
He was sentenced to 11 months imprisonment
for multiple frauds by Justice I.B. Gafai of the Federal High Court, Awka,
Anambra State.
The EFCC spokesman, Dele Oyewale, said
that the complainant, Achina Microfinance Bank had petitioned the Commission, alleging
that the defendant, being its former managing director, granted N15 million
unauthorised credit facility to Rommex Telecommunications Limited and also did
the same to Noble Mike International Ltd, to the tune of N3million and standing
as their guarantor, without collateral.
In the course of the trial, prosecution
counsel, Michael Ani, called three witnesses and tendered 21 exhibits to prove
the charges against the defendant.
He was convicted on all the nine counts
with one month prison sentence on counts one to seven and two months each on
counts eight and nine, which are to run concurrently starting from July 23,
2020 date of conviction.
Apart from the prison term, Justice
Gafai ordered the convict to restitute Achina Microfinance Bank Ltd the sums of
money contained in the charge in line with Section 321(a) of the Administration
of Criminal Justice, Act 2015.
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