Justice Ibrahim Nasir Buba convicted Okpalangwu of stealing the bank’s N146, 633.000.00.
The judge sentenced her to seven years on each of a four-count charge of stealing filed against her by the Police Special Fraud Unit (PSFU), Ikoyi, Lagos.
The jail terms are to run concurrently, the judge said, meaning Okpalangwu will spend a maximum of only seven years imprisonment.
“The convict is hereby ordered to restitute to FCMB the sum of N146, 633,000.00 fraudulently obtained from the bank,” Justice Buba said.
Okpalangwu was arraigned in November 2012 on a three-count charge of conspiracy and stealing.
The SFU amended the charge and, on February 2, 2018, re-arraigned her on four counts of conspiracy, forgery and obtaining by false pretence, in a charge marked FHC/L/241c/13.
Prosecution counsel Chukwu Agwu, a Superintendent of Police, told the court that Okpalangwu committed the offence while in the bank’s employment.
He said she conspired with Bizmate Nigeria Ltd and members of its staff to defraud her bank of the sum.
Her other conspirators, the court heard, were: Zulikah Zoni Anwail, Olakunle Wakajaiye, Blessing Gbajide, Alicia Onwukah, Ose Ekiosola. Uche Okolie, Olusegun Oladlmeji, who were said to be at large.
The court also heard that Okpalangwu and her conspirators’ forged bank Automated Teller Machine (ATM) cards of Guaranty Trust Bank, identity cards, passports and cheque books, with which she opened a bank account numbered: 0779808013 with FCMB, for Bizmate, which was used to fraudulently obtain a credit facility valued at N146, 633 million.
Agwu said the bank discovered the fraud and petitioned the police.
The offences, the prosecutor added, were contrary to and punishable under Sections 1 and 8 of the Advanced Fee Fraud and other Fraud Related Offences Act 2006 and Section 2(c) of the Miscellaneous Offences Act, 2004.
You may be interested
Nigeria’s drug barons fund, supply bandits with lethal weapons: Ahmad LawanWebby - March 5, 2021
Senate President Ahmad Lawan says the National Assembly will work with the National Drug Law Enforcement Agency to ensure that…
Buhari decorates new Service ChiefsWebby - March 5, 2021
President Muhammadu Buhari has decorated the new Service Chiefs at an event held in the Council Chamber at the State…
Tinubu: The Ship of Lagos headed in a wrong direction under AmbodeWebby - March 5, 2021
The National Leader of the All Progressives Congress (APC), Bola Tinubu, has said that Lagos State headed in the wrong…