FCMB Banker sentenced to four years for stealing customer funds
An employee of the First City Monument Bank, Felix Diete, has been sentenced to four years’ imprisonment by Justice Jane Inyang of the Federal High Court in Yenagoa, Bayelsa State, for stealing customers’ funds.
Three customers of the bank had on September 2, 2016, complained that they gave Diete the sum of N6m to deposit in their accounts but the convict deposited the sum of N4m and converted the balance to his personal use.
Diete was subsequently arrested and arraigned on three counts bordering on stealing contrary to Section 383 and punishable under 390 (6) (b) (8) and 9 of Criminal code CAP C- 38 of the revised edition of the Laws of the Federation of Nigeria, 2007, and Section 1(1)(d) of the Failed Bank (Recovery of Debts) and Financial Malpractices in Bank Act, CAP B3 of the revised edition of the Laws of the Federal Republic of Nigeria, 2007.
He pleaded not guilty to the charges.
Delivering his judgment, Justice Inyang noted that the prosecution was able to prove its case beyond reasonable doubt.
He subsequently sentenced Diete to four years’ imprisonment on count one, but discharged him on counts two and three on the grounds that the convict claimed that he had not seen the second and third prosecution witnesses before.
Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.
Support The Pacesetter Frontier Magazine
It takes a lot to get credible, true and reliable stories.
As a privately owned media outfit, we believe in setting the pace and leaving strides in time.
If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.
Enugu’s $30 billion economy: Mbah woos German, Danish, Austrian, other foreign investors
…as investors, university, commend vision, promise partnership As part of his development plans to build the Enugu State gross…
Osun residents expect changes, as Adeleke is sworn in tomorrow
Residents of Osun State are anxiously waiting for the inauguration of Senator Ademola Adeleke of the Peoples Democratic Party (PDP)…