Court jails two bankers Titus Chima Nwankwo and Utibe-Abasi Ifiok George for stealing N2.9m from deceased customer’s account
TSB News reports that Justice Elias Abua of the Cross River State High Court sitting in Calabar, Cross River State, has convicted and sentenced two former bankers: Titus Chima Nwankwo and Utibe-Abasi Ifiok George for stealing the sum of N2,900,000 (Two Million, Nine Hundred Thousand Naira only) from the account of a deceased customer of a commercial bank.
Nwankwo and George were jailed on Tuesday, April 26, 2022 after pleading guilty to ne-count separate charges bordering on forgery, conspiracy, breach of trust and stealing, upon their arraignment by the Uyo Zonal Command of the EFCC.
In view of their pleas, prosecution counsel, Joshua Abolarin prayed the court to convict and sentence the defendants accordingly.
Justice Abua convicted and sentenced George to three months imprisonment with an option of a N100,000 fine.
Nwankwo also bagged three months imprisonment with an option of a N50,000 fine.
On June 16, 2021, a petitioner alerted that they forged the signature of Osso and used it to divert funds for their personal use.