- An ex-bank manager, Oliver Anidiobi, has been sentenced to prison after he was found guilty of stealing by the court
- The court said that he used his position to fraudulently get a huge deposit from a microfinance bank and invested some into a Ponzi scheme
- According to the court's ruling, his properties which he used a part of the money for will be valued and sold off
A former bank manager, Oliver Anidiobi, has been sentenced to many years imprisonment after he was found guilty of stealing a customer’s N219 million.
He misused his position
A 32-count charge prosecution was brought against him. Citing Economic and Financial Crimes Commission (EFCC), the sentenced was arraigned in 2019 for using his position to convince a microfinance bank to make a large deposit through him.
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The man used some parts of the money to build a block of five flats and got several plots of land in Port Harcourt among others.
He was said to have also made an investment of the sum of N65 million to a Ponzi scheme called “Let’s Partner with You.”.
The court also order that all his properties be valued so that they can be used and the money paid back to the microfinance bank he swindled.
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At the time of writing this report, the development has generated thousands of comments.
Legit.ng compiled some of the reactions below:
"This one no get joy oo, 219M. Ahan! No fear of God whatsoever."
"Is the paper for me, cardboard done finish."
"Baba they smile self.. Na something biggg he dey like do."
"All these bankers self Lowkey yahoo ni gbo gbo won."
"So, one person get n219m? Only my 1k I dey feel lucky."
Man impersonated EFCC
In a press release by the Commission on its official Instagram page, it revealed that Babatunde reportedly defrauded yahoo boys (internet fraudsters) of more than N38 million.
People have since reacted to the photo of the man posted by the commission on its Instagram account. It should be noted that EFCC also recovered an uncompleted 4-bedroom flat he was building with the proceed from him.