Ex-FCMB Staff Sentenced To 28 years In Prison For Stealing N143.6m - FOW 24 NEWS

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Ex-FCMB Staff Sentenced To 28 years In Prison For Stealing N143.6m

An ex-broker with First City Monument Bank (FCMB) Plc, Andrea Chizoba Okpalangwu has been condemned to 28 years detainment for misrepresentation by a Federal High Court in Lagos on Thursday. 


Equity Ibrahim Nasir Buba sentenced Okpalangwu for taking the bank's N146, 633.000.00. 

The adjudicator condemned her to seven years on every one of a four-tally charge of taking documented against her by the Police Special Fraud Unit (PSFU), Ikoyi, Lagos. 

The prison terms are to run simultaneously, the appointed authority stated, which means Okpalangwu will spend a limit of just seven years detainment. 

"The convict is thus requested to restore to FCMB the total of N146, 633,000.00 deceitfully acquired from the bank," Justice Buba said. 

Okpalangwu was summoned in November 2012 on a three-tally charge of intrigue and taking. 

The SFU changed the charge and, on February 2, 2018, re-summoned her on four checks of trick, imitation and acquiring by misrepresentation, in a charge stamped FHC/L/241c/13. 

Indictment counsel Chukwu Agwu, a Superintendent of Police, told the court that Okpalangwu submitted the offense while in the bank's work. 

He said she contrived with Bizmate Nigeria Ltd and individuals from its staff to swindle her bank of the total. 

Her different plotters, the court heard, were: Zulikah Zoni Anwail, Olakunle Wakajaiye, Blessing Gbajide, Alicia Onwukah, Ose Ekiosola. Uche Okolie, Olusegun Oladlmeji, who were said to be on the loose. 

The court likewise heard that Okpalangwu and her schemers' produced bank Automated Teller Machine (ATM) cards of Guaranty Trust Bank, character cards, visas and check books, with which she opened a ledger numbered: 0779808013 with FCMB, for Bizmate, which was utilized to falsely get a credit office esteemed at N146, 633 million. 

Agwu said the bank found the extortion and requested of the police. 

The offenses, the examiner included, were in opposition to and culpable under Sections 1 and 8 of the Advanced Fee Fraud and other Fraud Related Offenses Act 2006 and Section 2(c) of the Miscellaneous Offenses Act, 2004.
Ex-FCMB Staff Sentenced To 28 years In Prison For Stealing N143.6m Reviewed by FOW 24 News on March 06, 2020 Rating: 5 An ex-broker with First City Monument Bank (FCMB) Plc, Andrea Chizoba Okpalangwu has been condemned to 28 years detainment for misrepresen...

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