Staff of Ecobank PLC in Akwa Ibom State, Ekpe Sunday has been convicted for fraudulently diverting the sum of over N7 million belonging to the bank customer, Economic and Financial Crimes Commission (EFCC) has said.
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The EFCC in a statement on Monday gave the name of the convict as Ekpe Sunday. He was prosecuted at the Federal High Court, Uyo, by the anti-graft agency.
The EFCC said the money – N7, 067,576.55 – which was the proceeds from the sales of shares belonging to one Okon Edem was lost through a fraudulent transaction engaged in by Mr Sunday.
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Mr Sunday, alongside his co-worker in the bank, Dennis James, was also prosecuted for conspiracy, forgery, and impersonation. Ecobank was one of the defendants in the trial. They were first arraigned on May 21, 2014.
The court, presided over by Justice Ijeoma Ojukwu, sentenced Mr Sunday to two years in prison, with an option of N1 million fine. He was also ordered to pay the victim N2 million as restitution, the EFCC said.
The other bank official, Mr James, was, however, discharged and acquitted by the court.
Justice Ojukwu found Ecobank culpable. She said the fraud victim, Mr Edem, lost his money in the bank because of the bank’s negligence and, therefore, ordered the bank to refund N12.9 million to him.
www.sojworldnews.com (c) March 19, 2020
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