Connect with us

Hi, what are you looking for?

News

Court Sentence FCMB Branch Manager to 121 years in Prison for embezzling Customers Funds

Court Sentence FCMB Branch Manager to 121 years in Prison for embezzling Customers Funds

FCMB is a leading financial institution in Nigeria has received a big shock of the year as one of its staff has been thrown to prison for fraud and embezzlement.

Justice S. Odili at the Anambra State High Court in Onitsha, Anambra State, sentenced Mr Nwachukwu Placidus, a bank manager at First City Monument Bank FCMB, Onitsha Anambra State to 121 years in prison for embezzling N112 million from a customer’s fixed deposit account.

The Honorable justices delivered the verdict resulting in the conviction and sentencing of a former manager at the First City Monument Bank’s branch in Onitsha, who has now been sentenced to a total of 121 years in prison for misappropriating fixed deposit funds totaling N112,100,000 from a customer for personal use. This is tantamount to a breach of trust by the former manager which has attracted a huge jail term.

You May Also Like

Press Release

In his words, he said “Democracy is not about politics; Democracy literally means the power of the people.The strength of a nation lies in...

Sports

England’s recent defeat in a crucial pre-Euro 2024 match has sent shockwaves through the footballing world, prompting captain Harry Kane to label it as...

BREAKING NEWS

In a move that sent shockwaves through Nigeria’s political and law enforcement circles, former Lagos State Governor and influential political figure Bola Tinubu has...

News

TOUCHAHEART – The Nigeria Labour Congress (NLC) has vowed to reject any minimum wage proposal below ₦250,000, describing such offers as “starvation wages”. The...