Former bankers, Titus Chima Nwankwo and Utibe-Abasi Ifiok George have been convicted and sentenced for stealing the sum of N2,900,000 (Two Million, Nine Hundred Thousand Naira only) from the account of a deceased customer of a commercial bank.
Justice Elias Abua of the Cross River State High Court sitting in Calabar, Cross River State, jailed the bankers on Tuesday, April 26, 2022 after pleading guilty to separate charges bordering on forgery, conspiracy, breach of trust and stealing, upon their arraignment by the Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC.
In view of Nwankwo and George’s pleas, prosecution counsel, Joshua Abolarin prayed the court to convict and sentence the defendants accordingly.
Justice Abua convicted and sentenced George to three months imprisonment with an option of a N100,000 fine.
Nwankwo also bagged three months imprisonment with an option of a N50,000 fine.
On June 16, 2021, a petitioner alerted that they forged the signature of Osso and used it to divert funds for their personal use.