Man jailed two years for spending N21.9m mistakenly paid to his checking account

A person, Chinedu Francis Nwabuisi, has been sentenced to 2 years imprisonment with out an possibility of effective for changing N21.9 million mistakenly credited to his checking account to private use.

Justice Irele Ifijeh of the Edo State High Court sitting in Benin City handed down the sentence after discovering Nwabuisi responsible of the offence.

The Economic and Financial Crimes Commission, EFCC, Benin Zonal Directorate, prosecuted Nwabuisi for changing the cash which was erroneously credited to his account from First Bank Plc following a system glitch.

During the trial, prosecution counsel, M. S. Dahiru, introduced two witnesses, together with a senior First Bank official and an EFCC operative. Documentary proof was additionally tendered and admitted by the courtroom.

However, whereas defending himself, Nwabuisi claimed he believed the cash was a profit on account of him for working a Point of Sale, POS, enterprise with the financial institution.

The courtroom rejected his protection and convicted him, sentencing him to 2 years in jail with out an possibility of effective.

Justice Ifijeh additionally ordered the convict to repay First Bank Plc the sum of N21.9 million.