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Bank staff sentenced 39 years for fraud

10 June 2016, 21:46

Abuja - One of six bank officials who connived to steal money from an account belonging to a deceased bank customer has been sentenced to a total 39 years in prison.

Olawale Garuba was sentenced after appearing at the Lagos State High Court for playing part in the fraud amounting to N30 million.

The fraud was uncovered by the bank when they discovered that some of their staff, including the convict had connived with proxies steal from a dormant account of one of the bank’s customers.

Upon the discovery of the fraud in July 2015, the bank apprehended the staff and handed them over to EFCC for investigation and prosecution.

Also read: Skye Bank sacks 175 workers

Upon their arraignment, they pleaded not guilty to eighteen counts of fraud.

Subsequently, Justice Oluwatoyin Ipaye refused their bail application and remanded them in prison custody.

However, last week, the convict changed his plea from ‘not guilty’ to ‘guilty.’

She found the convict guilty on thirteen of the eighteen counts, and sentenced him to three years imprisonment on each count. The sentences are to run concurrently from the date of his first detention, July 24, 2015.

– CAJ News

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- CAJ News

Tags bank national

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