Fraud: Ex-banker jailed 98 years, to return N49m and $368000
CASE NUMBER 10964:
Fraud: Ex-banker jailed 98 years, to return N49m and $368000

Alleged Perpetrators(s)
Oreoluwa Adesakin

Location (Town / State)
Ibadan, Osun

Date of Event
30 Sep 2020

Date of republication
30 September every year


Case category (Choose all that apply)
embezzlement
fraud

Case Summary
Oreoluwa Adesakin, a former employee of First Bank of Nigeria Limited, was sentenced to 98 years in prison on Monday.

Full story
Adesakin was found to have committed financial fraud against her employers in the amount of N49,320,652.32 as well as an additional $368,203.00 belonging to the bank that she converted to her personal use. The convict was charged with 14 counts of stealing, forgery, and fraudulent accounting by the Economic and Financial Crimes Commission's (EFCC) Ibadan Zonal Office.
He found Adesakin guilty on all counts and sentenced her to seven years in prison without the possibility of a fine on each of the 14 counts, which will run concurrently.
Aside from the prison sentence, the convict must also repay the First Bank through the EFCC all of the money she stole.

Photo credit: https://punchng.com/fraud-ex-banker-jailed-98-years-to-return-n49m-368000/#:~:text=A%20former%20employee%20of%20First,%24368%2C203%20belonging%20to%20the%20bank.

External links/URLs
https://punchng.com/fraud-ex-banker-jailed-98-years-to-return-n49m-368000/#:~:text=A%20former%20employee%20of%20First,%24368%2C203%20belonging%20to%20the%20bank.
https://thenigerialawyer.com/fraud-ex-banker-jailed-98-years-to-return-n49m-368000/



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