The appeal court upholds the sentence of former GTBBANK staff for loan fraud

The Enugu Appeals Court Division has reinforced sentences and sentences of seven years from one onyekachi Nwosu, a former employee of a trust guarantee bank for a commission of more than N50 million loan fraud.

Nwosu was demanded by the Economic and Financial Crime Commission (EFCC) on the accusations of nine counts, bordering forgery and gained with false reasons with N50 million tones and was sentenced and sentenced by Chief Justice Ro Dugbo Oghoghorie from the Federal High Court, who sat in Enugu on January 14, 2021.

Prisoners, who are account officers from one of Anyaso Chinedu, the owner of Floxy Aluminum Odiofele Products Limited, using a fake document entitled “Application for the Hypotek, Approves Hygote and Legal Tripartite Legal” to deceive GTB to believe that a Foluke Folukin who surrounds The property, to trust the Power being stated.

Investigations revealed that he benefited from N40 million from the law of fraud by directly withdrawing it from the Floxy Aluminum Odiofele Products Limited account.

In his trial, the prosecution advisor, Assistant of EFCC Commander, ACE II Mainforce Adaka Ekwu called four witnesses and submitted 16 exhibitions received as evidence as “EFCC exhibition 1-16.”

At the end of the trial, Judge Oghoghorie argued that EFCC proved his case without doubt and was punished and punished Nwosu.

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Not satisfied with the verdict, the convict approached the appeal court, prayed to put aside the court’s decision, while Ekwu, the legal advisor prayed that the court uphold the decision of the High Court and rejected the appeal on the grounds that “prosecution proves his case without doubt.”

The Appeal Court rose the sentence from the court on charges of one to eight but strengthened him on the count of 9.

The nine count of the accusation reads: “That you, Onyekachi Nwosu, around September 2010 in Enugu in the Jurisdiction of the Federal Nigeria High Court, while being a trust bank officer and associated with a loan grant, which consciously processed and facilitated the loan of fifty million millions of millions of millions (N50,000,000,000,000. Personal, from the loan after being given, thus committing violations that are contrary to Section 15 (1) (a) (iii) and can be punished based on section 16 (1) (a) from a failure bank (debt recovery) and financial malpractice in the stamp.

In a round decision from the three member panel from the appeal court, submitted by Judge Zainab Babe Abubakar, the appeal court stated that “evidence of the first prosecution witness, PW1 reinforces the applicant’s recognition he collected with ODIK which Jillion of the N50 Jillion loan given to the third respondent.

“The Petitioner has acknowledged that he collected N40 million from the loan amount, which has proven the latest material from violations of the Appeal Petitioner. As a result, the applicant’s penalty for this indictment by the court is, in my simple view,” the court said.

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