{"id":118009,"date":"2024-05-04T21:49:45","date_gmt":"2024-05-04T20:49:45","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/former-bank-manager-bags-121-years-jail-over-n112m-fraud"},"modified":"2024-05-05T00:13:48","modified_gmt":"2024-05-04T23:13:48","slug":"former-bank-manager-bags-121-years-jail-over-n112m-fraud","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/former-bank-manager-bags-121-years-jail-over-n112m-fraud","title":{"rendered":"Former bank manager bags 121 years jail over N112m fraud"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The former manager, First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, has been sentenced to a cumulative of 121 years in prison for diverting fixed deposit funds of a customer to the tune of N112,100,000 (One Hundred and Twelve Million, One Hundred Thousand Naira only) for his personal use.<\/p>\n

Justice S. N. Odili of the Anambra State High Court sitting in Onitsha, handed the judgement on Friday following Placidus\u2019 arraignment on Tuesday, March 27, 2018 by the Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC.<\/p>\n

The EFCC Spokesperson, Dele Oyewale who revealed this in a statement on Saturday explained that the Convict was arraigned on 16-count charges bordering on forgery, stealing, obtaining by false pretence and uttering.<\/p>\n

The statement read, \u201cOne of the counts reads: \u2018Nwachukwu 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.<\/p>\n

\u201cHe pleaded not guilty to the charges when they were read to him, thus setting the stage for his trial.<\/p>\n

\u201cIn 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.<\/p>\n

\u201cIn his judgment, Justice Odili held that \u201cthe prosecution proved its case beyond reasonable doubt\u201d 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.<\/p>\n

\u201cThe court further ordered the convict to restitute the said sum to his victim, Idemili Microfinance Bank.<\/p>\n

\u201cPlacidus \u2019journey to the Correctional Centre began when a petitioner, Idemili Microfinance Bank LTD, alleged that the sum of 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.<\/p>\n

\u201cUpon 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.\u201d<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The former manager, First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, has been sentenced to a cumulative of 121 years in prison for diverting fixed deposit funds of a customer to the tune of N112,100,000 (One Hundred and Twelve Million, One Hundred Thousand Naira only) for his personal use. Justice S. […]<\/p>\n","protected":false},"author":84,"featured_media":118008,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,343,254],"class_list":["post-118009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-fraud","tag-nigeria"],"yoast_head":"\nFormer bank manager bags 121 years jail over N112m fraud - Nigeria<\/title>\n<meta name=\"description\" content=\"The former manager, First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, has been sentenced to a cumulati ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/former-bank-manager-bags-121-years-jail-over-n112m-fraud\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Former bank manager bags 121 years jail over N112m fraud\" \/>\n<meta property=\"og:description\" content=\"The former manager, First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, has been sentenced to a cumulati ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/former-bank-manager-bags-121-years-jail-over-n112m-fraud\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-04T20:49:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-04T23:13:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/05\/sm_1714847756.991704.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"735\" \/>\n\t<meta property=\"og:image:height\" content=\"544\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/former-bank-manager-bags-121-years-jail-over-n112m-fraud#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/former-bank-manager-bags-121-years-jail-over-n112m-fraud\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Former bank manager bags 121 years jail over N112m fraud\",\"datePublished\":\"2024-05-04T20:49:45+00:00\",\"dateModified\":\"2024-05-04T23:13:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/former-bank-manager-bags-121-years-jail-over-n112m-fraud\"},\"wordCount\":426,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/former-bank-manager-bags-121-years-jail-over-n112m-fraud#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/05\/sm_1714847756.991704.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"fraud\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/former-bank-manager-bags-121-years-jail-over-n112m-fraud#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/former-bank-manager-bags-121-years-jail-over-n112m-fraud\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/former-bank-manager-bags-121-years-jail-over-n112m-fraud\",\"name\":\"Former bank manager bags 121 years jail over N112m fraud - 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