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FCMB Onitsha Bank Manager Bags 121 Year In Jail Over N112m Fraud

FCMB Onitsha Bank Manager Bags 121 Year In Jail Over N112m Fraud

The previous chief, First City Landmark Bank, FCMB, Onitsha branch, Nwachukwu Placidus, has been condemned to a combined of 121 years in jail for redirecting fixed store assets of a client to the tune of N112,100,000 (One Hundred and Twelve Million, 100,000 Naira in particular) for his own utilization.

Equity S. N. Odili of the Anambra State High Court sitting in Onitsha, gave the judgment on Friday following Placidus’ arraignment on Tuesday, Walk 27, 2018 by the Enugu Zonal Order of the Monetary and Monetary Wrongdoings Commission, EFCC.

The EFCC Representative, Dele Oyewale who uncovered this in an explanation on Saturday made sense of that the Convict was summoned on 16-count charges verging on imitation, taking, getting by misleading notion and expressing.

The assertion read, “One of the counts peruses: ‘Nwachukwu Placidus between February 2009 and November 2014 in Onitsha, Anambra State inside the purview of the Anambra State High Court of Nigeria with goal to swindle got the amount of (N112,100,000) One Hundred and Twelve Million, 100,000 Naira in particular, from Idemili Microfinance Bank deceptively that you have set the expressed cash in a decent store account with First City Landmark Bank PLC for it, which misrepresentation you knew to be misleading and you consequently dedicated an offense.

“He argued not liable to the charges when they were perused to him, in this manner making way for his preliminary.

“Over preliminary, the EFCC, through its guidance, Mainforce Adaka Ekwu introduced four observers and offered a few important reports which were conceded in proof.

“In his judgment, Equity Odili held that “the arraignment demonstrated its case for certain” and condemned the convict to nine years detainment on count 3, 4 years on count 4 and 9 years on counts 5 to 16 separately. He was released on counts 1 and 2. The sentences will run simultaneously.

“The court additionally requested the convict to restore the expressed aggregate to his casualty, Idemili Microfinance Bank.

“Placidus ‘excursion to the Remedial Center started when a solicitor , Idemili Microfinance Bank LTD, claimed that the amount of N112, 100, 000 was given over to him as the branch supervisor of FCMB in Onitsha, for fixed store. In any case, when the solicitor moved toward the bank to end and pull out the store, the bank denied getting the said reserves.

“Endless supply of the request, the EFCC got the ball rolling and examinations uncovered that the convict redirected the cash for his own utilization and gave a phony fixed Store Testament to the solicitor.”