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Ex-FCMB manager bags 121-year jail term for stealing customer’s N112m

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A former manager with a branch of First City Monument Bank, FCMB in Onitsha, Anambra State, Nwachukwu Placidus, has been sentenced to a cumulative 121 years imprisonment for stealing N112 million belonging to a customer.

 

Placidus was arrested following a petition by Idemili Microfinance Bank LTD to the Economic and Financial Crimes Commission, EFCC.

 

The management of the Microfinance back said the sum of N112 million was handed over to him as the branch manager of FCMB in Onitsha, for fixed deposit.

However, the petitioner said when the FCMB was approached 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 own use and issued a fake fixed Deposit Certificate to the petitioner,” Dele Oyewale, spokesperson for the EFCC said in a statement.

Consequently, Placidus was arraigned on Tuesday, March 27, 2018 on 16-count charges bordering on forgery, stealing, obtaining by false pretence and uttering, by the Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC.

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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 the sum of (N112,100,000) One Hundred and Twelve Million, One Hundred Thousand Naira only, 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.

 

While delivering his judgment, Justice S. N. Odili of the Anambra State High Court sitting in Onitsha, Anambra State, held that “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.

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The court further ordered the convict to restitute the said sum to his victim, Idemili Microfinance Bank.

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Alleged $600k bribe: I had no contact with Emefiele… money was collected by ex-CBN official, witness tells court

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Victor Onyejiuwa, managing director of The Source Computers Limited, says he never had any interaction with Godwin Emefiele during his dealings with the Central Bank of Nigeria (CBN).

 

On Friday, Onyejiuwa again appeared before the Lagos high court in the ongoing trial of Emefiele, former governor of the CBN.

 

Emefiele and his co-defendant, Henry Omoile, are currently facing trial on a 26-count charge.

 

The former CBN governor and Omoile have pleaded not guilty to all the charges.

 

Since their arraignment, the Economic and Financial Crimes Commission (EFCC) has been presenting witnesses to support its case against Emefiele.

 

FIRST APPEARANCE

On May 9, Onyejiuwa appeared before the court for the first time to testify against Emefiele.

 

Onyejiuwa told the court that his company provided information and communication technology assistance to the apex bank between 2014 and 2019.

 

The witness said the CBN awarded at least five contracts to his company during the period.

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He added that in 2017, the apex bank awarded an “enterprise storage and servers” contract to his firm.

 

Onyejiuwa said after the contract was executed, he was approached by John Ikechukwu Ayoh, a former CBN director, who allegedly said the “management needs something” from the contract.

 

The witness said Ayoh told him that if he did not accede, the funds meant for the contract would not be approved by the management.

 

He further told the court that Ayoh collected $400,000 and $200,000 — on two separate occasions — from him before the funds for executed projects were paid by the apex bank.

 

Ayoh had previously told the court that he collected money from contractors as gratification for awarding contracts to them based on the instruction of Emefiele.

 

CROSS-EXAMINATION OF ONYEJIUWA

At the resumption of the hearing on Friday, Olalekan Ojo, counsel to Emefiele, cross-examined Onyejiuwa on his previous testimony.

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Asked if he physically engaged with Emefiele during his transactions, the witness said he did not meet with the former CBN governor.

 

Onyejiuwa said all channels of communication were through Ayoh.

 

“We only communicated through WhatsApp calls. I was interfacing with Ayoh. I have not met with the first defendant (Emefiele) before,” he said.

 

Emefiele’s counsel also asked the witness whether he confirmed that Ayoh was acting on behalf of CBN management — but Onyejiuwa responded in the negative.

 

Onyejiuwa said he was under pressure from his partners on financial obligations and that he had no choice but to accede to Ayoh’s request.

 

The witness also said he did not report the alleged request for a bribe to the police or EFCC.

 

After the cross-examination, the case was adjourned till July 9 and 10 for continuation of trial.

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BREAKING: Many escape death as truck rams into BRT on Lagos-Ibadan Expressway

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It was a lucky escape for many commuters early Saturday morning after a truck rammed into a Lagos State BRT bus at Ibafo bus-stop along the Lagos Ibadan Expressway.

It was gathered that the accident occurred around some minutes to 6am on Saturday.

 

Officials of the Federal Road Safety Corps and Police are at the scene of the accident.

 

Unconfirmed reports from onlookers noted that several people on the BRT bus were injured.

Onlookers accounts noted that the BRT was parked loading its passengers at the bus stop before the truck loaded with cows heading to Lagos rammed into it, taking it off the road to destroy shops and kiosks by the roadside.

 

The cow truck had been towed a little away from the scene so as not to hinder traffic.

READ  Emefiele ‘printed N684.5m notes with N18.9bn’, says EFCC in fresh charge
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Court convicts cosmetic surgeon over client’s death in Lagos

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The Federal High Court sitting in Lagos State has convicted a medical doctor and founder of MedContour Services Ltd, Dr Anuoluwapo Adepoju, for conducting a failed plastic surgery that led to the death of one Nneka Onwuzuligbo in 2020.

 

A former Director-General of the Federal Competition and Consumer Protection Commission, Babatunde Irukera, disclosed this on Friday via X social media.

Irukera said the cosmetic surgeon was convicted in all five counts charged by FCCPC, commending his input and the judiciary for serving justice.

FCCPC ex-boss wrote, “Today is a day of pride for me that I personally prosecuted Anu Adepoju and her medical practice. Though I’ve left, the case has ended in a conviction strengthening the accountability framework for all in society, professionals or otherwise. This is how society should work and grow.

 

“Dr. Anu Adepoju and her medical practice convicted in all 5 counts charged by FCCPC. The wheel of justice may grind slowly, but we must see it through. What we need are enforced with audacity and the will to prosecute competently and diligently. Good day for consumers of professional services.”

READ  Emefiele ‘printed N684.5m notes with N18.9bn’, says EFCC in fresh charge

 

In 2020, the FCCPC arraigned Adepoju on five counts pressed against her before Justice Mohammed Liman.

 

The FCCPC accused the cosmetic surgeon of shunning summons by the agency to appear and produce a certain document.

 

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