Anambra State High Court in Onitsha has sentenced a former First City Monument Bank (FCMB) manager Nwachukwu Placidus to 121 years in prison for fraud.
Justice S. N. Odili found Mr Nwachukwu guilty of diverting N112,100,000 of a customer’s fixed deposit funds for his own personal use.
The former bank manager was arraigned by the Economic and Financial Crimes Commission (EFCC) on March 27, 2018 on 16-count charges bordering on forgery, stealing, obtaining by false pretence and uttering.
The anti-graft agency disclosed this in a statement on Saturday.
According to the statement, Nwachukwu pleaded not guilty to the charges.
The statement read, “Justice S. N. Odili of the Anambra State High Court sitting in Onitsha, Anambra State, has convicted and sentenced a former manager with First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, to a cumulative 121 years imprisonment for diverting fixed deposit funds of a customer to the tune of N112,100,000 for his personal use.
“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.
“Justice Odili 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 but 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.”
