23rd May, 2024
By Olaitan Idris
A former Staff of Boctrust Microfinance Bank, Lagos Olushola Damilola has been sentenced to one year imprisonment for stealing N1.4 million belonging to a customer.
Damilola allegedly collected N1.4 million from a bank customer and converted it to his personal use, according to details of the the case that was first reported on July 11, 2019.
The Prosecutor, DSP Thomas Nurudeen, told the court that the convict committed the offense between Oct. 2018 and March 2019 at No 26 Moloney Street Lagos Island.
Nurudeen said that the convict collected N1.4 million from a bank customer and converted it to his personal use without paying into the customer’s account.
He said that the offence was punishable under Sections 287 (7) of the Criminal Law of Lagos State, 2015.
The Chief Magistrate, of Sabo-Yaba Chief Magistrates’ Court in Lagos convicted the banker
The Chief Magistrate, Mr Peter Nwaka, said that the jail term should commence immediately.
He further ordered the convict to refund the sum of N1.4 million to the bank.