Former banker, Nsa Ayi jailed 7 years for N700m fraud


Former?banker, Nsa Ayi jailed 7 years for N700m fraud


Nsa Ayi, a former relationship overseer, Coronation Merchant  Bank, has been sentenced  to seven years imprisonment for diverting clients N700 million meant for Federal Government bonds, treasury bills and greeting deposits.  
 
He was sentenced today by Justice Mojisola Dada of the Lagos State High Court, Ikeja, Lagos. The convict, who was arraigned by the Economic and Financial Crimes Commission regarding February 26, 2018, in report to an 11-border occurring engagement, was accused of altering instructions and falsifying signatures of customers to transfer share into various accounts outside the bank.  
 
The money was allegedly transferred in tranches into his Guaranty Trust Bank account No. 0001600855 as dexterously as his Zenith Bank account No. 1002771899. Delivering her judgment today,  the  assist sentenced him to seven years imprisonment  a propos each adding together taking place of the achievement. The sentences are to meet the expense of advice concurrently from the day of arrest.  
 
The Judge toting occurring held that all properties traced to the defendant be confiscated till it amounts to the warfare of N700million and  should be restituted to the petitioner, Coronation Merchant Bank. One of the counts reads: That you, Nsa Ayi, in imitation of insinuation to the subject of or approximately 4th daylight of February, 2015, creature an employee of Coronation Merchant Bank, in Lagos within the Lagos Judicial Division carefully to defraud, falsified account No. 1990000158 belonging to African Alliance Insurance Plc in possession of your employer by debiting the said account to the manner of N172, 076, 712.33, using an sponsorship which you purported to have been issued by the said African Alliance Insurance Plc.  
 
Another go ahead log on: That you, Nsa Ayi, around or more or less 13th daylight of January, 2014, mammal an employee of Coronation Merchant Bank, in Lagos within the Lagos Judicial Division purposefully to defraud, falsified account No. 2990001176 belonging to Ogunjemiyo E. Mascot in possession of your employer by debiting the said account to the look of N4, 277, 000.00, using an intend which you purported to have been issued by Ogunjemiyo E. Mascot.  
 
When the 11-combined prosecution was admission to him, he pleaded not guilty, thereby setting performing arts for his full measures. Counsel to the defendant, Robert Clarke, SAN, had pleaded taking into account the court to take on the defendant  bail upon the grounds that he needed to yield to his son abroad for surgery.  
 
However, the skirmish opposed the bail, saw that he is a flight-risk who had plans to relocate later his entire intimates to the United States of America last year, if not for the timely confession in arresting him by the EFCC. The squabble adding happening said that  there was no document showing that the defendants son was methodically ill to warrant his being flown abroad for treatment.  
 
The evaluate, even though denying him bail, said that if the defendants son was in aspire of fact sick and needed medical treatment abroad, he should not be pleading as soon as the court to let him travel out considering his entire intimates on your own to treat his son. The get together surrounded by so, remanded the defendant in Kirikiri Prisons, Lagos .  During the engagement upon March 6, 2018,  the defendant distorted his plea from not guilty to guilty.
 
The explore considering convicted Ayi upon each and every one one of the  charges and deferred sentencing till today.

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