OSHIOMHOLE CONVINCED US TO MAKE OBASEKI GOVERNOR- PHILP SHAIBU. (PHOTO).

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  Oshiomhole Convinced Us To Make Obaseki Governor – Philip Shaibu Philip Shaibu, the former Deputy Governor of Edo State, has disclosed that his choice to support his former boss, Godwin Obaseki, stemmed from his respect for Adams Oshiomhole, the former National Chairman of the All Progressives Congress (APC). According to Naija News, Shaibu shared his doubts about Obaseki during an interview on Channels Television’s Political Paradigm program on Tuesday. Shaibu admitted that he lacked confidence in Obaseki's leadership even before they took office on November 12, 2016. He explained that despite his initial hesitations, he ultimately backed Obaseki out of respect and based on the assurances provided by Oshiomhole. He stated, “Obaseki is not a politician. We made him governor because Oshiomhole persuaded us. I was not among those who thought he should not be governor; it was because I didn’t have faith in him. “When he was nominated to run, I was the last person to oppose him, but ...
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COURT JAILS FORMER BANKER 12 YEARS FOR N112M FRAUD IN ONITSHA. (PHOTO). #PRESS RELEASE.

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 Court Jails Former Banker 121years for N112m Fraud in Onitsha

 

Justice S. N. Odili of the  Anambra State High Court sitting in Onitsha, Anambra State, has convicted and sentenced a former manager with First City Monument Bank, FCMB, Onitsha branch, Nwachukwu Placidus, to a cumulative 121 years imprisonment for diverting  fixed deposit funds of a customer to the tune of N112,100,000( One Hundred and Twelve Million, One Hundred Thousand Naira only) for his personal use.

 

He was arraigned on Tuesday, March 27, 2018 on  16-count charges bordering on forgery, stealing, obtaining by false pretence and uttering, by the Enugu Zonal Command of the Economic and Financial Crimes Commission, EFCC.

 

One of the counts reads: “Nwachukwu Placidus between February 2009 and November 2014 in Onitsha, Anambra State within the jurisdiction of the Anambra State High Court of Nigeria with intent to defraud obtained the sum of (N112,100,000) One Hundred and Twelve Million, One Hundred Thousand Naira only, from Idemili Microfinance Bank under the false pretence that you have placed the said money in a fixed deposit account with First City Monument Bank PLC for it, which pretence you knew to be false and you thereby committed an offence”.

 

He pleaded not guilty to the charges when they were read to him, thus  setting the stage for his trial.

 

In the course of trial, the EFCC, through its counsel, Mainforce Adaka Ekwu presented four witnesses and tendered several relevant documents which were admitted in evidence.

 

In his judgment,  Justice Odili held that “the prosecution proved its case beyond reasonable doubt” and sentenced the  convict to nine years imprisonment on count 3, 4 years on count 4 and 9 years on counts 5 to 16 respectively. He was discharged on counts 1 and 2.  The sentences shall run concurrently.

The court further ordered the convict to restitute the said sum to his victim,  Idemili Microfinance Bank.

 

Placidus ’journey to the Correctional Centre began when a petitioner ,  Idemili Microfinance Bank LTD, alleged that the sum of N112, 100, 000 was handed over to him as the branch manager of FCMB in Onitsha, for fixed deposit. However,  when the petitioner approached the bank  to terminate  and withdraw the deposit, the bank denied receiving the said funds.

Upon receipt of the petition, the EFCC swung into action and investigations revealed that the convict diverted the money for his own use and issued  a fake fixed Deposit Certificate to the petitioner.

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