The Economic and Financial Crimes Commission (EFCC) has secured the conviction of Temitope Oluwasanmi and Augustine Olayinka before Justice Mojisola Dada of a Special Offences Court, Lagos State High Court, Ikeja.
The convicts were arraigned in December 2017 on a six-count charge bordering on conspiracy, stealing and fraudulent diversion of funds to the tune of N116million to which they pleaded not guilty, prompting commencement of trial.
Mr Oluwasanmi, an employee of Union Bank of Nigeria Plc, who was arrested by operatives of the EFCC in October 2017, following a petition from the bank was alleged to have diverted the N116million to the accounts of Mr Olayinka and two other friends namely Oginni Opeyemi and Ogbaro Oluwaseyi.
Messrs Opeyemi and Oluwaseyi remained at large.
In the course of the trial, prosecuting counsel Bilikisu Buhari called three witnesses and tendered several documents to prove the case against the defendants.
Delivering judgement on Friday, Justice Dada found the first and second defendants guilty of count one bordering on conspiracy, and sentenced them to three years imprisonment.
The first defendant was further convicted of counts two, three and four and sentenced to 10 years imprisonment.
He was also found guilty of count six bordering on retention of criminal proceeds and sentenced to three years imprisonment, while the second defendant was found guilty of count five bordering on fraudulent false accounting and sentenced to seven years imprisonment.
The sentences are to run concurrently.
The post Banker, one other sentenced to jail for N116m fraud appeared first on NEWS.