UBA Bank Manager Sentenced To 19 Years Imprisonment For Fraud

Justice Dije Aboki of Kano High Court, on July 16, 2012, sentenced one Mr Samuel Owoyele, a former manager with the United Bank of African Plc to 19 years in prison for fraud.

Economic and Financial Crimes Commission, EFCC spokesperson, Wilson Uwujaren in Abuja told newsmen that Owoyele, is also to pay a total sum of N20 million as restitution.

“The trouble started against Owoyele on December 9, 2009, when as a UBA manager, he collected the sum of twenty-seven million naira (N27m) from one Ashiru Munzali Gambo under false pretence (OBT) that he had $185,000 (one hundred and eighty five thousand United States Dollars) to sell to him.  When he could not produce the dollars nor refund the Naira  Ashiru Munzali Gambo petition the EFCC.

The judge said that the convict induced the complainant to part with his money; tore the teller that showed the transaction in an attempt to suppress evidence which she said was an act of desperation by the convict.

If the long jail term slammed on Mr Samuel Owoyele, was to serve as deterrent, one can not, but, wonder if why the like of Cecilia Ibru got few weeks in purple island for billion fraud.