Press Release
PRESS RELEASE: Man Bags Two Year for Stealing N21.9m Erroneously Credited to his Bank Account
Man Bags Two Year for Stealing N21.9m Erroneously Credited to his Bank Account
Man Bags Two Year for Stealing N21.9m Erroneously Credited to his Bank Account
Justice Irele Ifijeh of Edo State High Court sitting in Benin City has convicted and sentenced Chinedu Francis Nwabuisi to two imprisonment without an option of fine for converting to personal use, the sum of over N21.9 million erroneously credited to his bank account.
Nwabuisi who was arraigned by the Benin Zonal Directorate of the Commission, converted to personal use, the sum of N21,939,237.27, which was erroneously credited to his account due to a system glitch by First Bank Plc.
Prosecution counsel, M. S. Dahiru, presented two witnesses – a senior First Bank official and an operative of the Commission, and tendered documents which were admitted by the court. In his defence, Nwabuisi claimed that he thought the money was the benefit of operating a POS with the bank.
Justice Ifijeh convicted and sentenced him to two years imprisonment without an option of fine, and also ordered him to restitute the complainant, First Bank Plc of the sum of N21,939,732.27
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