Anti-corruption and elections / EFCC

N50m Fraud: Former Bank Manager Bags Seven Years Jail Term

The Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of one Efe Egube, a former Bank Manager, to seven years imprisonment before Justice Atinuke Ipaye of the Lagos State High Court sitting in Ikeja, Lagos. The convict, who was a Branch Manager of the defunct Oceanic Bank, was arraigned alongside his company, Ocean Energy Trading and Services Limited, sometime in 2014 on a 19-count charge bordering on obtaining money by false pretence to the tune of N50, 049,000.00, an offence contrary to Section 1(1) and (3) of the Advance Fee Fraud and Other Related Of…