Judge S. N. Odili of the Anambra State High Court in Onitsha, Anambra state, has sentenced Nwachukwu Placidus, a former manager of First City Monument Bank, to 121 years in jail.
Placidus was convicted of stealing ₦112,100,000 from a customer’s fixed deposit and using it for his own benefit.
Placidus was arraigned by the Economic and Financial Crimes Commission, Enugu Zonal Command, on Tuesday, March 27, 2018, on 16 counts pertaining to forgery, theft, obtaining by false pretense, and uttering.
This was sighted in a statement shared on the official Facebook page of the Economic and Financial Crimes Commission (EFCC) on Saturday.
“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 ₦112,100,000 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,” it read
“The court further ordered the convict to restitute the said sum to his victim, Idemili Microfinance Bank,” it concluded.
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