Former Staff Of Embattled FCMB Bags Four Years Jail Term

A former staff of embattled First City Monument Bank (FCMB), Felix David Diete has been sentenced to four years’ imprisonment.

AllNews Nigeria learnt the federal high court in Yenagoa, Bayelsa State led by Justice Jane Inyang on Monday sentenced the erstwhile FCMB staff for stealing customers’ funds.

Three customers of FCMB had on September 2, 2016, complained that they gave Diete the sum of N6m to deposit in their accounts but the convict deposited the sum of N4m and converted the balance to his personal use.

READ ALSO: Embattled FCMB Appoints New Acting MD/CEO

Diete was subsequently arrested and arraigned on three counts bordering on stealing contrary to Section 383 and punishable under 390 (6) (b) (8) and 9 of Criminal code CAP C- 38 of the revised edition of the Laws of the Federation of Nigeria, 2007, and Section 1(1)(d) of the Failed Bank (Recovery of Debts) and Financial Malpractices in Bank Act, CAP B3 of the revised edition of the Laws of the Federal Republic of Nigeria, 2007.

The defendant pleaded not guilty to the charges.

His plea prompted the prosecuting counsel, Adebayo Soares, to prepare a ground for trial which lasted four years, resulting in his conviction.

Delivering his judgment, Justice Inyang said the prosecution was able to prove its case beyond a reasonable doubt.

He subsequently sentenced Diete to four years’ imprisonment on count one.

AllNews Nigerian reports this is coming at a time FCMB is embroiled in controversies surrounding its former MD Adam Nuhu.

Recall Nuhu who has gone on indefinite leave, was accused of sleeping and fathering children with an employee of the bank known as Moyo Thomas.