Edo POS operator jailed for spending N21.9 million First Bank mistakenly credited to his account
An Edo State High Court, Benin City Division, has sentenced Chinedu Francis Nwabuisi to two years’ imprisonment for converting N21.9 million mistakenly credited to his bank account to personal use.
Justice Irele Ifijeh gave the sentence after convicting Mr Nwabuisi, being prosecuted by the Economic and Financial Crimes Commission (EFCC).
The EFCC said the convict spent N21,939,237.27 erroneously credited to his account by First Bank Plc due to a system glitch.
During the trial, prosecution counsel, M.S. Dahiru, presented two witnesses, including a senior bank official and an EFCC operative, while presenting documentary evidence admitted by the court.
In his defence, Mr Nwabuisi claimed he believed the money was a benefit arising from his operation of a point-of-sale (POS) business with the bank.
The court, however, found him guilty and sentenced him to two years in prison without an option of fine.
Mr Ifijeh also ordered him to refund First Bank Plc the sum of N21,939,732.27.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
States
Independence: NBA urges Nigerians to expect better future
The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Heading 3
Terror group Ansaru plots mass abduction of schoolchildren, churchgoers as human shields
The sources added that the group said the unidentified spies were leaking their operational secrets to the military which intercepts its communication.
Anti-Corruption
Property forfeiture case against ex-Bayelsa governor Timipre Sylva adjourned
The affected assets are located across high-value areas in Abuja.
Anti-Corruption
Edo POS operator jailed for spending N21.9 million First Bank mistakenly credited to his account
Mr Nwabuisi claimed he believed the money was a benefit arising from his operation of a point-of-sale (POS) business with the bank.
NationWide
FRSC intercepts 1,600 fake number plates, records 6,454 violations
The FRSC boss further assured Nigerians that Operation GUDUMA would be sustained and progressively expanded to other states of the federation.
Africa
DR Congo sentences 66 soldiers to death for cowardice, disobeying military orders
The soldiers were among 71 officers tried by a military court in Walikale, North Kivu province.
Abuja
Dry Season: FCT residents raise concerns over fire hazards, heat
Mr Clement advised farmers and other residents to adopt safer methods of clearing farmlands.
