Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud - Business (5)

Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud - Business (5) - Nairaland

Nairaland Forum › Nairaland General › Business › Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud (31310 Views)

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Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Lovenorth: 6:22am On May 05, 2024

Selective justice even as I don't endorse money laundering

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by ekhai(m): 6:27am On May 05, 2024

StOla:
But someone caught with N250m in his convoy is still walking about with his hypocrisy.

IF YOU WERE THE ONE PAYING MONEY INTO YOUR ACCOUNT AND THE MANAGER IS DIVERTING THE MONEY. AND AT THE END OF THE DAY, THERE'S NO MONEY IN YOUR ACCOUNT, WHAT WILL YOU DO?
DO YOU KNOW THE SOURCE(S) OF THE 250M IN HIS CONVOY?

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Jetland(m): 6:41am On May 05, 2024

dominique:
He was indicted on 16 count charges. If his sentence is concurrent which is most likely is, he will only have to serve 7 years after which he's released to enjoy whats left of his loot

Could you please explain to me why it's 7 years?

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Beey(f): 6:55am On May 05, 2024

He won’t serve that number, because the sentences are to be served concurrently, meaning he’ll only serve for 9 years.

2 Likes

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Mccollins042(m): 7:22am On May 05, 2024

He is going to spend 9years in prison, the sentences are said to run concurrently, which means he is going to spend the time for the highest prosecution which is 9years. Make Una dey read to understand

1 Like

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by SolomonGrandi: 7:37am On May 05, 2024

Mccollins042:
He is going to spend 9years in prison, the sentences are said to run concurrently, which means he is going to spend the time for the highest prosecution which is 9years. Make Una dey read to understand

It is proof of how most nairalanders and indeed , nigerians are. they don't read, na headline em dey follow. even the MODS who pushed it to the frontpage are an embarrassment as it shows they're only looking for click baits.

what's even funnier is since the case took 6 years to conclude, if he was remanded at prison for the entire duration of the trial then he might even be looking at just 3 more years in prison.

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Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Babastrong(m): 7:46am On May 05, 2024

[quote author=Adewale1603 post=129782446]121years ? How old is he again?
Kuku say life imprisonment [they dont need to tell you if you are conversile with court judgement]

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Starpro87(m): 8:09am On May 05, 2024

gracealonev:
121 years for $87K

The sentences will run concurrently, meaning he shall spend only 9 years (the Longest sentence) in jail.

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Goldbw122(m): 8:22am On May 05, 2024

I wish they can give those politicians the taste of their own medicine

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by cj4blues(m): 8:37am On May 05, 2024

Naija judiciary system is sluggish jor,but if our judiciary should convict our politicians like this, naija would be better con3 by now

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by MRMRMR: 8:50am On May 05, 2024

And politicians who steal billions are rewarded with appointments.
Wat a country! Shame

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Izuchukwu70: 9:06am On May 05, 2024

immortalcrown:
Gbagam!

121 years? That's life imprisonment in disguise.

Most of the bank managers and financial crime are like 5 and 6.

Read and understand. Its concurrently. He has only 9 years to spend in jail.

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Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by dominique(mod): 9:22am On May 05, 2024*

Jetland:
Could you please explain to me why it's 7 years?

The jailterm for the highest count is 9 years. That's the time he will spend in jail for a concurrent term. They will still deduct all the time he has spent in detention and in most cases most prisoners don't even max out their jail terms. I won't be surprised if he's out on less than 5 years if he has enough money to cough out to the authorities.

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by AmuRubber(m): 10:23am On May 05, 2024

dominique:
He was indicted on 16 count charges. If his sentence is concurrent which is most likely is, he will only have to serve 7 years after which he's released to enjoy whats left of his loot

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by moppie123(m): 10:41am On May 05, 2024

At this rate, Yahaya Belloe will be looking at more than 10,000 years.

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by alphaNomega: 10:46am On May 05, 2024

EKOSuperior:
The sentence will run concurrently, meaning he will only have to serve for 9 years, being the maximum term of imprisonment.

i was looking for this post. happy to know some sensible people still post on nairaland, unlike the bastard from premiumtimesng who titled this story.

1 Like

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by MyMouth(m): 10:55am On May 05, 2024

schoolboymatt:
121 years in prisonment is a polite way of saying 'life in prisonment'.

enjoy sir

He will spend 9 years in prison.

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by crazysam001: 10:58am On May 05, 2024

And Gandollar is drivi g round Abuja with police escort

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Okoroawusa: 11:24am On May 05, 2024

dominique:
It took a whole six years to prosecute him? What manner of sluggish justice system is this?

That's one of the downsides of the Rule of Law. Some cases like murder sometimes takes 10 years to prosecute (even in so called developed worlds).

There was a case I watched on ID. A man then 30 raped and killed a girl of 14. It took 15 years to prosecute him and the judge ruled death by lethal injection. He was then 45 . While in jail he went on appeal and that took 20 years because the law says he must exhaust all of his appeals. At the end the man lost the appeal and was killed at the age of 65. Now tell me, where is the justice?

1 Like

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by IkeIgboNiile(m): 12:21pm On May 05, 2024

Where's idemili microfinance bank located?

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by DREAMHOMES6970(m): 12:45pm On May 05, 2024

dominique:
He was indicted on 16 count charges. If his sentence is concurrent which is most likely is, he will only have to serve 7 years after which he's released to enjoy whats left of his loot

You are smart. He might not even stay up to seven years. Since the highest sentence there is 9 yrs and other sentences is supposed to run along concurrently and I think they count both morning and night. So if we should go by that at most 5 yrs for him. My former boss the former MD of bank PHB was convicted for 8 yrs for stealing 28 billion when he was the MD.
But he's only staying for 4yrs

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Federalofficia(m): 12:55pm On May 05, 2024

But why is it always hard to pass same judgement on high ranking politicians too when it obvious they are guilty of looting, for the case to be keep adjourning for years and later to judgement is to pay like 1% of the amount loot and go Scot frew

themomentng:
https://www.premiumtimesng.com/news/more-news/691304-court-jails-banker-121-years-for-n112m-fraud.html

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by dreamworld: 3:12pm On May 05, 2024

sulaak:
He is a bank manager, If Nigerians cannot trust the bank then the country is in real trouble.

True sha

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by xjiggy: 4:29pm On May 05, 2024

EKOSuperior:
The sentence will run concurrently, meaning he will only have to serve for 9 years, being the maximum term of imprisonment.

That's why the young ones are failing Jamb anyhow. It took the last quote on the Fp to find someone who read and understood the sentencing. 👍

1 Like

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Teenaira: 4:35pm On May 05, 2024

dreamworld:
just for small money?, the sentence is too miuch

You are right. The judge should please reduce it to 112 years.

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Jetland(m): 6:13pm On May 05, 2024

dominique:
The jailterm for the highest count is 9 years. That's the tuke he will spend in jail for a concurrent term. They will still deduct all the time he has spent in detention and in most cases most prisoners don't even max out their jail terms. I won't be surprised if he's out on less than 5 years if he has enough money to cough out to the authorities.

Thanks for this

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by tranxo(m): 4:45pm On May 07, 2024

Adewale1603:
121years ? How old is he again?
Kuku say life imprisonment

The 121 years is cumulative of all the years for all the counts he was found guilty of.

Since all the years will run CONCURRENTLY, and the longest is nine years, he will serve a maximum of nine years in prison.

He may even spend less than that if he had been in detention. Because all the time he spent in detention will be subtracted from the 9 years.

Re: Placidus Nwachukwu: FCMB Bank Manager Bags 121 Years Jail Over N112m Fraud by Mccollins042(m): 10:52pm On May 07, 2024

SolomonGrandi:
It is proof of how most nairalanders and indeed , nigerians are. they don't read, na headline em dey follow. even the MODS who pushed it to the frontpage are an embarrassment as it shows they're only looking for click baits.

what's even funnier is since the case took 6 years to conclude, if he was remanded at prison for the entire duration of the trial then he might even be looking at just 3 more years in prison.

you are very correct, only 3 years if he was in prison during the trial

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