Former bank manager bags 121 years jail over N112m fraud

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The former manager, First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, has been sentenced to a cumulative of 121 years in prison for diverting fixed deposit funds of a customer to the tune of N112,100,000 (One Hundred and Twelve Million, One Hundred Thousand Naira only) for his personal use. Justice S. N.

The former manager, First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, has been sentenced to a cumulative of 121 years in prison for diverting fixed deposit funds of a customer to the tune of N112,100,000 for his personal use. Justice S. N. Odili of the Anambra State High Court sitting in Onitsha, handed the judgement on Friday following Placidus' arraignment on Tuesday, March 27, 2018 by the Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC.

'He pleaded not guilty to the charges when they were read to him, thus setting the stage for his trial. '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.

 

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