Edo POS operator jailed for spending N21.9 million First Bank mistakenly credited to his account
An Edo State High Court, Benin City Division, has sentenced Chinedu Francis Nwabuisi to two years’ imprisonment for converting N21.9 million mistakenly credited to his bank account to personal use.
Justice Irele Ifijeh gave the sentence after convicting Mr Nwabuisi, being prosecuted by the Economic and Financial Crimes Commission (EFCC).
The EFCC said the convict spent N21,939,237.27 erroneously credited to his account by First Bank Plc due to a system glitch.
During the trial, prosecution counsel, M.S. Dahiru, presented two witnesses, including a senior bank official and an EFCC operative, while presenting documentary evidence admitted by the court.
In his defence, Mr Nwabuisi claimed he believed the money was a benefit arising from his operation of a point-of-sale (POS) business with the bank.
The court, however, found him guilty and sentenced him to two years in prison without an option of fine.
Mr Ifijeh also ordered him to refund First Bank Plc the sum of N21,939,732.27.
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