Cross River court sentences bank manager to 5 years imprisonment for N27m theft

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Justice Adie A. Onyebueke of the Cross River State High Court, Akamkpa, has condemned one Augustine Effiong Bassey to five years detainment for taking N27 million, having a place with a microfinance bank, where he was a branch director.

He was indicted by the Enugu Zonal Office of the Economic and Financial Crimes Commission, (EFCC), on a one-tally charge of taking. The charge read,

“That you, Augustine Effiong Bassey (‘m’), at some point somewhere in the range of 2010 and 2012 at Uyanga, Cross River State, inside the purview of the High Court of Cross River State, with the expectation to cheat, took the amount of N27,300,000 (Twenty-7,000,000, Three Hundred Thousand Naira), being property of Ekondo Microfinance Bank Limited and in this manner carried out an offense culpable under Section 390 of the Criminal Code law, CAP C16 (VOL 3) of the Laws of Cross River State of Nigeria,2004 and culpable under Section 390(9) of a similar Law.”

Bassey argued “not liable” to the charge, along these lines making way for his preliminary.

With indictment counsel, Fortune Amina I. Asemebo demonstrating the case past sensible uncertainty, Justice Onyebueke indicted and condemned him to jail, with a choice of restoring the amount of N15 million to Ekondo Microfinance Bank.

Bassey’s excursion to jail started at some point in July 2016 when he was captured by the EFCC upon insight that he utilized his situation as the branch administrator of Ekondo Microfinance Bank, Uyanga, Cross Rivers State to change over the amount of N27.3 million (Twenty Seven Million, Three Hundred Thousand Naira), having a place with bank to his private use.

He did this by specifically trucking ceaselessly the whole from the bank’s vault and provided for his fronts for execution of non-existent agreements for the bank.

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