N8bn fraud: Court slams 12yrs on former Wema bank staff, to forfeit property, cash

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By; BAYO AKAMO, Ibadan.
The Federal High Court, sitting in Ibadan  has sentenced a former banker with the Wema Bank, Ademola Oni to 12 years imprisonment for conspiracy and money laundering
In his judgment on Thursday, Justice Joyce Abudmalik also ruled that the former Wema bank staff should forfeits all his property and cash in various banks being proceeds of the crime.
The prosecuting counsel, Barrister Adeniyi Adebisi at the resumed hearing of the trial presented the perfected agreement and an amended charge against the accused person, who had earlier opted for a change of plea and entered into a plea bargain agreement with the prosecuting counsel to the court.
The accused person however pleaded guilty  to five of the 24 amended count charges brought against him before the Federal High court.
In his ruling, Justice Abudmalik  sentenced the accused person, Ademola Oni to two and half years on each of the five counts accordingly with all the sentences to run concurrently
It will be recalled that Ademola Oni was arraigned before the Federal High court sitting in Ibadan alongside 6 ex officials of the Central Bank of Nigeria (CBN) and fifteen others from different commercial banks in an alleged case of conspiracy and money laundering by the Economic and Financial Crimes Commission (EFCC).
The accused persons were alleged to have conspired to steal and conceal mutilated and defaced local currency amounting to N8billion from the Central Bank of Nigeria.
However, Ademola Oni, the 4th defendant in the trial opted for a change of plea and entered into a plea bargain agreement with the prosecuting counsel.

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