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Two Men Sentenced To 9-yr In Prison For Stealing Bank’s $27k, To Refund $20k On Completion Of Term

By Funke Busari

It is the end of the road for two men accused of defrauding Guaranty Trust Bank of $27,000.

Justice Adeniyi Onigbanjo sentenced the two men: Adekunle Adetowubo and Olugbenga Adetayo, to nine years imprisonment each.

Their sentence was on the basis of the guilty plea they agreed to when facing trial in the three count charge.

The duo were charge with the offence of conspiracy and stealing by the Economic and Financial Crimes Commission (EFCC).

On their arraignment on 14th June, 2011 they pleaded not guilty to the charge and were remanded at Ikoyi Prison in Lagos.

After they changed their plea, Justice Onigbanjo sentenced the convicts to three years imprisonment on each count which is to run concurrently beginning from 14th June, 2011.

The judge took note of the remorse attitude of the convicts in arriving at his judgement.

This, he said, was evident in the convict decision to repay about $7,000 as restitution to the bank during the period of their incarceration.

He further directed them to repay the balance of $20,000 within a year of their release from prison custody, upon the completion of their sentences.

The EFCC counsel, Mr Kayode Oni  said the accused persons committed the offences on 13th May, 2010 at Apapa, Lagos.

According to him, the convicts conspired with one Uche that is still at large to steal the amount from Apapa Branch of Guaranty Trust Bank through an account number 204170869210.

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