A Chief Magistrates’ Court in Okitipupa, on Thursday sentenced Mr Augustine Elegbeleye, 34, the Managing director of a microfinance bank, to two years in prison with hard labour for stealing N250,000.
Chief Magistrate Olalekan Agunbiade found him guilty on a one-count charge of stealing, and convicted him accordingly, without an option of fine.
Elegbeleye, who had no previous convictions, showed remorse and pleaded for leniency.
He was said to have committed the offence between 2008 and 2010 at Microfinance Bank, Irele, in the Okitipupa Magisterial District, by withdrawing a sum of N250,000 from the account of one Ogunyemi Ogunleye.
Police prosecutor, Zechariah Orogbemi, said the convict who was the managing director of the bank, withdrew the said amount without the consent of the owner of the account.
The convict had earlier pleaded ‘not guilty’ to the charge and was granted bail in the sum of N300,000 and one surety.
The prosecutor called four witnesses while the defense counsel, Mr. Emmanuel Akanbi, called one defence witness.
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His mates clean billions, he does it only in thousands. What a shame!
ReplyDeleteIt's stealing when u take below #1m bt when cross million is nt stealing, dat bank MD must be big fool. By taking below million
ReplyDeleteIt's big chief in nigeria when u steal below million bt when u steal above million, u re nt chief. Dat bank MD his a big fool by taking moni dat will nt allow him to hve gud lawyer, n settled all d party to d case
ReplyDeleteIt's big chief in nigeria when u steal below million bt when u steal above million, u re nt chief. Dat bank MD his a big fool by taking moni dat will nt allow him to hve gud lawyer, n settled all d party to d case
ReplyDeleteThis a clear case of the faultiness of our criminal justice system.How could someone be sentenced to two months in prisonment for 250,000? What has happened to those that have srolen trillions in the name of subsidy?Where are the monies retrieved from the erstwhile bank M.D's, et al?hmmmm.9ja???????????
ReplyDelete