Friday, April 29, 2016

Man Bags Six Months Jail Term for N1.8 million Fraud

Justice S. C. Amadi of the Rivers State High Court, on Thursday April 28 convicted and sentenced one Ernest Monday to six months imprisonment for stealing and fraudulent conversion of the sum  of one million, eight hundred thousand naira (N1. 8 million.)

The convict was arraigned by the Economic and Financial Crimes Commission, EFCC, on October 10, 2015 on a two count charge of stealing and fraudulent conversion contrary to section 390 (9) of the Criminal Code CAP C37 Vol 11 Laws of the Rivers State of Nigeria 1999.

One of the counts read: “You Ernest Monday ‘m’ between the months of May and November 2012 at Port Harcourt, Rivers State within the jurisdiction of this Honourable Court did fraudulently convert the sum of nine hundred thousand naira (N900,000.00) only, property of Livecoal Ministries International and thereby committed  an offence.”
During his arraignment in October 2015, the convict pleaded not guilty. He later changed his plea  to guilty upon the commencement of trial on March 10, 2016

Justice Amadi  consequently  convicted and sentenced  him to six months imprisonment with an option of N50,000 fine as the convict has fully restituted  the victim of the said N1 8 million.

Monday, a driver to a senior official of a new generation bank, was saddled with the responsibility of paying the sum of N300,000 belonging to one Chief James Jephthah  into the accounts of Livecoal Ministries with Access Bank monthly.

The convict later diverted the sum of N1.8 million into his personal account  in the process.

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