A former banker, Tunde Aremu Ajiboye, has been sentenced to seven years imprisonment without an option of fine for obtaining money by false pretence.
Justice Adenike Akinpelu of the Kwara State High Court sentenced the convict on Wednesday, April 19.
The Ilorin Zonal Command of the Economic and Financial Crimes Commission (EFCC) had on February 17, 2020 arraigned Ajiboye on a one count charge of obtaining money by false pretence.
The defendant pleaded not guilty to the charge.
In the course of the trial, the prosecution counsel, Andrew Akoja called three witnesses to prove its case.
Delivering judgement on Wednesday, Justice Akinpelu held that the prosecution had proved its case beyond reasonable doubt and pronounced Ajiboye guilty as charged.
He sentenced the defendant to seven years imprisonment without an option of fine and ordered that he (Ajiboye) pay the sum of N8 million to the victim.
The EFCC said that the convict, while working with a new generation bank received the sum of N10 million for placement in a fixed deposit account but diverted the money to his personal use.
In another development, Justice Akinpelu also sentenced one Damilare Adeniyi to six months imprisonment each on two counts bordering on cheating by personation.
The court however gave the suspect an option of fine of N100, 000 on each count and ordered that the phone and laptop which he used to perpetrate the crime as well as the sum of $105 which he raised as restitution be forfeited to the Federal Government.
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