A former staff of First Bank, Oreoluwa Adesakin has been has been jailed for 98 years by Justice Muniru Olagunju of the Oyo State High Court.
Adesakin was found to have committed fraud against her employers (First Bank) to the tune of N49,320,652, and additional $368,203.
The convict was prosecuted by the Ibadan Zonal Office of the Economic and Financial Crimes Commission (EFCC) on 14-count charge, bordering on stealing, forgery and fraudulent accounting.
Adesakin pleaded not guilty to the charges.
Prosecution counsel, Usman Murtala, presented vital documents and witnesses against the convict.
Justice Olagunju pronounced Adesakin guilty of all the charges.
The judge therefore sentenced her to seven years in prison without an option of fine on each of the 14 counts, which will run concurrently.
Apart from the jail term, the convict is to refund all the money she stole to First Bank.
The convict was arraigned April 4, 2014, by the EFCC following investigation on First Bank petition dated December 18, 2013.
The bank said Adesakin, a Money Transfer Operator, saddled with the responsibility of effecting payments through Western Union Money Transfer and Money Gram platforms, manipulated the accounting system and withdrew a total of N49,320,652 and another $368,203 for herself.
EFCC spokesman, Wilson Uwujaren, said operatives of the commission have established that the convict used part of the proceeds to acquire landed properties in different parts of Oyo State.