- A husband has been jailed for stealing N2.5bn from his wife to buy former Premier League side Portsmouth
- The man was sentenced to five years imprisonment
- The victim's account manager was also involved in the theft and was sentenced to five year behind bars also
A husband has been jailed for stealing N2.5bn from his wife to buy former Premier League side Portsmouth, according to reports from England.
The victim's account manager was also involved in the theft and was sentence to five year behind bars along with the husband.
The National reports that the 39-year-old woman opened an account at a local bank in 2009 and began a fixed deposit.
But she grew suspicious after receiving no profit and eventually asked her account manager to transfer the funds to a different account.
In a court session the woman explained that: "But he [account manager] kept stalling so I visited the bank and met the bank manager and another man, they told me that my account had zero money in it.”
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"I didn't give my husband any authorisation to withdraw or transfer the money, I just gave him an authorisation to handle general inquiries by phone and fax."
The husband had transferred the money to a law firm in the UK and records proved that the money was used by a law firm to try to purchase Portsmouth who were in the Premier League at the time, before they entered administration and dropped down the leagues.
Portsmouth was a former Premier League club that had the likes of Nigerian legend Nwankwo Kanu and Benjani in their likes, but were relegated in April 10, 2010.
The club had been on steady decline ever since their drop due to administrative unbalance among the club's hierarchy that saw them drop to the English League two.
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