In an Onitsha High court, under the leadership of Justice S.N Odili, has sentenced a Former Manager of First City Monument bank( FCMB ), in Onitsha branch, Nwachukwu Placidus, to 13 years for involvement in fraudulent activities.
The cumulative sentence was for diverting fixed deposit funds of a customer amounting to N112,100,000 for personal use.
Justice Odili handed the judgment to the former Manager on Friday following his arraignment on Tuesday, March 27, 2018, by the Enugu Zonal Command of the Economic and Financial Crimes Commission (EFCC).
According to the EFCC Spokesperson, Dele Oyewale, in a statement on Saturday, he explained that the convict faced 16-count charges, including forgery, stealing, obtaining by false pretense, and uttering.
The statement read, “One of the counts reads: ‘Nwachukwu Placidus between February 2009 and November 2014 in Onitsha, Anambra State within the jurisdiction of the Anambra State High Court of Nigeria with intent to defraud obtained N112,100,000, from Idemili Microfinance Bank under the false pretence that you have placed the said money in a fixed deposit account with First City Monument Bank PLC for it, which pretence you knew to be false and you thereby committed an offence.
“He pleaded not guilty to the charges when they were read to him, thus setting the stage for his trial.
“In the course of trial, the EFCC, through its counsel, Mainforce Adaka Ekwu, presented four witnesses and tendered several relevant documents which were admitted in evidence.
“In his judgment, Justice Odili held: “The prosecution proved its case beyond reasonable doubt” and sentenced the convict to nine years imprisonment on count 3, 4 years on count 4 and 9 years on counts 5 to 16 respectively. He was discharged on counts 1 and 2. The sentences shall run concurrently.
“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 Limited, alleged that 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 use and issued a fake fixed Deposit Certificate to the petitioner.” EFCC said.
