115 years for N8.9m fraud? Choi. Well, thankfully
it will run concurrently. See the EFCC press
release below...
A Lagos High court sitting in Igbosere,
presided over by Justice Adebisi Akinlade
on Monday February 17, 2014 sentenced
Jamiu Seun Odunayo (pictured above), a
former banker, to One Hundred and Fifteen
Years (115) imprisonment with no option of
fine over an offense which borders on fraud,
stealing, and obtaining money by false
pretense.
The convict was arraigned by the Economic
and Financial Crimes Commission, EFCC on
39-count amended charge for fraudulently
obtaining money by false pretences, stealing
and suppression of funds to the tune of Eight
Million Eight Hundred and Twenty Nine
Thousand, Six Hundred and Fifty Naira, (N8,
829,650) belonging to a customer and
diverted it for personal use.
One of the counts reads: "Seun Jamiu Odunayo
sometime on the 7th day of March 2011 in Lagos
within the Ikeja Judicial Division whilst being a
staff of Skye Bank Plc stole N848,690.00 (Eight
Hundred and Forty Eight Thousand, Six Hundred
and Ninety Naira) property of Skye Bank Plc".
The convict had earlier pleaded not guilty to the
39-count charge that was preferred against him
but later changed his plea following a plea
bargain.
However Justice Akinlade, in her ruling on
Monday, sentenced the defendant to one Hundred
and Fifteen Years imprisonment, (115) - three
years on each of the 39 -count charge. They are
to run concurrently. The sentence is to start from
the date of his arrest.
The journey to prison began on May 19, 2011,
when the commission received a petition from a
bank, alleging that one of its staff who was a
Cash Pick up Officer to one of its customers, did
not credit the customer's account. The customer
alerted the bank, when she discovered that the
sum of Eight Million Eight Hundred and Twenty
Nine Thousand Six Hundred and Fifty Naira, N8,
829,650 was not credited into her account. The
convict consequently absconded from his duty
post to evade arrest.
However, Odunayo in his statement stated that,
he started stealing from the customer’s account
in November 2010, due to delay in payment of his
salary. He started with N50, 000 (Fifty Thousand
Naira) and later increased it till it reached the
sum of N848, 690.00.
The convicts confessed that he used part of the
money for his wedding; built a 4-bedroom
bungalow in Mowe, Ogun state; bought a car, and
used the rest for clubbing.
it will run concurrently. See the EFCC press
release below...
A Lagos High court sitting in Igbosere,
presided over by Justice Adebisi Akinlade
on Monday February 17, 2014 sentenced
Jamiu Seun Odunayo (pictured above), a
former banker, to One Hundred and Fifteen
Years (115) imprisonment with no option of
fine over an offense which borders on fraud,
stealing, and obtaining money by false
pretense.
The convict was arraigned by the Economic
and Financial Crimes Commission, EFCC on
39-count amended charge for fraudulently
obtaining money by false pretences, stealing
and suppression of funds to the tune of Eight
Million Eight Hundred and Twenty Nine
Thousand, Six Hundred and Fifty Naira, (N8,
829,650) belonging to a customer and
diverted it for personal use.
One of the counts reads: "Seun Jamiu Odunayo
sometime on the 7th day of March 2011 in Lagos
within the Ikeja Judicial Division whilst being a
staff of Skye Bank Plc stole N848,690.00 (Eight
Hundred and Forty Eight Thousand, Six Hundred
and Ninety Naira) property of Skye Bank Plc".
The convict had earlier pleaded not guilty to the
39-count charge that was preferred against him
but later changed his plea following a plea
bargain.
However Justice Akinlade, in her ruling on
Monday, sentenced the defendant to one Hundred
and Fifteen Years imprisonment, (115) - three
years on each of the 39 -count charge. They are
to run concurrently. The sentence is to start from
the date of his arrest.
The journey to prison began on May 19, 2011,
when the commission received a petition from a
bank, alleging that one of its staff who was a
Cash Pick up Officer to one of its customers, did
not credit the customer's account. The customer
alerted the bank, when she discovered that the
sum of Eight Million Eight Hundred and Twenty
Nine Thousand Six Hundred and Fifty Naira, N8,
829,650 was not credited into her account. The
convict consequently absconded from his duty
post to evade arrest.
However, Odunayo in his statement stated that,
he started stealing from the customer’s account
in November 2010, due to delay in payment of his
salary. He started with N50, 000 (Fifty Thousand
Naira) and later increased it till it reached the
sum of N848, 690.00.
The convicts confessed that he used part of the
money for his wedding; built a 4-bedroom
bungalow in Mowe, Ogun state; bought a car, and
used the rest for clubbing.
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