27th February, 2020
A former relationship manager with Guaranty Trust Bank Plc, GTB in Enugu, Onyekachi Nwosu has been sentenced to 18 years imprisonment for fraud and various banking infractions by giving out a dubious loan, using the deposits of bank customers as collateral.
Justice D.V. Agishi of Federal High Court, Enugu handed out the prison term on Thursday.
Onyekachi was found guilty of all the six counts slammed against him by the Economic and Financial Crimes Commission.
The charge bordered on forgery, altering and giving a loan with defective collateral.
Justice Agishi, in her judgement, ruled that the prosecution team led by Mashal Umukoro Onome Esq. proved its case beyond reasonable doubt and that the convict had failed to extricate himself from the evidence before the court.
EFCC, in the course of trial, called eight witnesses and tendered several exhibits to prove its case.
On count one and two, Onyekachi was sentenced to five years; while he is to serve two years each on counts three, four, five and six.
The cumulative eighteen years prison terms will, however, run concurrently.
The EFCC had revealed several professional misconduct by Nwosu who took undue advantage of his position as a Senior Bank Supervisor and account officer to forge a document titled LETTER of SET-OFF which he used to illegally grant a loan of N34,900,000 to a customer and his company from several fixed deposits of other customers without their knowledge or consent.
He was also discovered to have altered several account documents of his friend whom he illegally granted loan as to enhance his Visa application to United Kingdom.