Crime

Branch Manager To 121 Years In Prison For Embezzling N112million From Customer’s Account In Anambra

Published

8 months ago

May 5, 2024

One of FCMB’s employees was sentenced to prison for fraud and embezzlement, which was the worst shock of the year for the prestigious financial organisation in Nigeria.

Mr. Nwachukwu Placidus, the bank manager at First City Monument Bank FCMB, Onitsha, Anambra State, was sentenced to 121 years in prison by Justice S. Odili at the Anambra State High Court in Onitsha, Anambra State, for embezzling N112 million from a customer’s fixed deposit account.

A former manager of the First City Monument Bank branch in Onitsha was found guilty and sentenced to 121 years in prison for stealing N112,100,000 in fixed deposit money from a customer for personal use.

The honourable justices delivered the verdict that resulted in this outcome. This is tantamount to a breach of trust by the former manager which has attracted a huge jail term.