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Banking | Finance

Former FCMB Staff Jailed For Stealing Customers Money

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Justice A. T. Mohammed of the Federal High Court sitting in Port Harcourt, Rivers State, has convicted and sentenced a former banker, Emeka Okafor, to one-year imprisonment, for forgery and uttering of documents.

The ex-banker was sentenced on Tuesday, October 11, 2022, after he pleaded guilty to two-count charges,   bordering on forgery and uttering of documents, when arraigned by the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC.

One of the count charges  reads: “That you Emeka Okafor some time in December 2007 at Port Harcourt, Rivers State, within the jurisdiction of this honourable court while you were a staff of First City Monument Bank, with intent to defraud, did utter a forged document to wit: Re: N2,500,000 Investment in Bankers Acceptance dated 5/12/2007 to Donatus Ogbonna with the intent that, it may be acted upon as genuine which you knew to be false and thereby committed an offence in line with Section 1 (2) (c) of the Miscellaneous Offences Act M17 of the Revised Edition (Laws of the Federation of Nigeria) Act, 2007 and punishable under Section 1 (2) of the same Act.”

He pleaded guilty to the two-count charges when they were read to him.

In view of his pleas, prosecution counsel, E. Abbiyesuku prayed the court to convict and sentence the defendant as charged.

However, counsel to the defendant, Echozona Etiaba, SAN, prayed the court to temper justice with mercy stressing that Okafor is a first-time offender with no previous criminal records.

Justice Mohammed then convicted and sentenced the defendant to one-year imprisonment, without any option of fine.

The judge also ordered the convict, in agreement with FCMB to restitute to the victim the sum of N4,868,625.

Okafor’s journey to the Correctional service started when a petitioner raised a case of forgery and uttering of documents against him.

He committed the crimes while functioning as a Relationship Officer of the petitioner at FCMB.

The convict diverted money meant for a fixed deposit investment by the victim. When the victim visited the bank to access his investment, he was told the convict no longer worked with the bank, that his investment did not pass through the bank channels, and that all the documents signed did not emanate from the bank.

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Funsho Arogundade

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